Electric vehicle battery swapping is a process in which a discharged battery or battery pack in an electric vehicle may be switched out for a fully charged one, minimizing the time spent waiting for the battery to charge. As opposed to charging stations, battery swapping stations provide a faster way to fix range anxiety, with each battery swap taking less than 10 minutes and requiring far less room to mount. Furthermore, battery-as-a-service (BaaS) is gaining popularity in the battery swapping industry due to its effect on lowering the high upfront price of electric vehicles by separating battery ownership. Furthermore, since the consumer just pays for the energy, battery swapping reduces vehicle downtime and acquisition costs.
MARKET DYNAMICS
The market is expected to grow due to an increase in demand for electric vehicles, as well as a shortage of sufficient public charging facilities and shorter charging times. Furthermore, the rapid development of shared e-mobility and industry players' launch of creative and advanced battery swapping models and services are expected to provide lucrative opportunities for the electric vehicle battery swapping market. However, market growth is hampered by differences in battery technology and design, as well as the high initial set-up and operational costs of battery swapping stations.
MARKET SCOPE
The "Global Electric Vehicle Battery Swapping Market Analysis to 2028" is a specialized and in-depth study of the Electric vehicle battery swapping Market with a special focus on the global market trend analysis. The report aims to provide an overview of Electric vehicle battery swapping market with detailed market segmentation by service type and vehicle type. The global electric vehicle battery swapping market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric vehicle battery swapping market player and offers key trends and opportunities in the electric vehicle battery swapping market.
MARKET SEGMENTATION
The global electric vehicle battery swapping market is segmented on the basis of service type and vehicle type. On the basis of service type the market is segmented as, subscription model, pay-per-use model. On the basis of vehicle type the market is segmented as, two-wheeler, three-wheeler passenger vehicle, four-wheeler light commercial vehicle, buses, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric vehicle battery swapping market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric vehicle battery swapping market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric vehicle battery swapping Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electric vehicle battery swapping market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global electric vehicle battery swapping market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The electric vehicle battery swapping market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting electric vehicle battery swapping Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the electric vehicle battery swapping market in these regions.
MARKET PLAYERS
The reports cover key developments in the electric vehicle battery swapping market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from electric vehicle battery swapping market are anticipated to lucrative growth opportunities in the future with the rising demand for electric vehicle battery swapping market. Below mentioned is the list of few companies engaged in the Electric vehicle battery swapping market.
The report also includes the profiles of key electric vehicle battery swapping market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Amara Raja
- Amplify Mobility
- ChargeMYGaadi
- EChargeUp solutions pvt Ltd
- Esmito Solutions Pvt Ltd
- Gogoro, Inc
- Lithion Power Pvt Ltd
- NIO Inc
- Numocity
- Oyika Pte Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Vehicle Battery Swapping Market - By Service Type
1.3.2 Electric Vehicle Battery Swapping Market - By Vehicle Type
1.3.3 Electric Vehicle Battery Swapping Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC VEHICLE BATTERY SWAPPING MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC VEHICLE BATTERY SWAPPING MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC VEHICLE BATTERY SWAPPING MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC VEHICLE BATTERY SWAPPING - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC VEHICLE BATTERY SWAPPING - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC VEHICLE BATTERY SWAPPING MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. SUBSCRIPTION MODEL
7.3.1. Overview
7.3.2. Subscription Model Market Forecast and Analysis
7.4. PAY-PER-USE MODEL
7.4.1. Overview
7.4.2. Pay-Per-Use Model Market Forecast and Analysis
8. ELECTRIC VEHICLE BATTERY SWAPPING MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
8.1. OVERVIEW
8.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
8.3. TWO-WHEELER
8.3.1. Overview
8.3.2. Two-Wheeler Market Forecast and Analysis
8.4. THREE-WHEELER PASSENGER VEHICLE
8.4.1. Overview
8.4.2. Three-Wheeler Passenger vehicle Market Forecast and Analysis
8.5. THREE-WHEELER LIGHT COMMERCIAL VEHICLE
8.5.1. Overview
8.5.2. Three-Wheeler Light commercial vehicle Market Forecast and Analysis
8.6. FOUR-WHEELER LIGHT COMMERCIAL VEHICLE
8.6.1. Overview
8.6.2. Four-Wheeler Light commercial vehicle Market Forecast and Analysis
8.7. BUSES
8.7.1. Overview
8.7.2. Buses Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. ELECTRIC VEHICLE BATTERY SWAPPING MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Vehicle Battery Swapping Market Overview
9.1.2 North America Electric Vehicle Battery Swapping Market Forecasts and Analysis
9.1.3 North America Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Service Type
9.1.4 North America Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Vehicle Type
9.1.5 North America Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Countries
9.1.5.1 United States Electric Vehicle Battery Swapping Market
9.1.5.1.1 United States Electric Vehicle Battery Swapping Market by Service Type
9.1.5.1.2 United States Electric Vehicle Battery Swapping Market by Vehicle Type
9.1.5.2 Canada Electric Vehicle Battery Swapping Market
9.1.5.2.1 Canada Electric Vehicle Battery Swapping Market by Service Type
9.1.5.2.2 Canada Electric Vehicle Battery Swapping Market by Vehicle Type
9.1.5.3 Mexico Electric Vehicle Battery Swapping Market
9.1.5.3.1 Mexico Electric Vehicle Battery Swapping Market by Service Type
9.1.5.3.2 Mexico Electric Vehicle Battery Swapping Market by Vehicle Type
9.2. EUROPE
9.2.1 Europe Electric Vehicle Battery Swapping Market Overview
9.2.2 Europe Electric Vehicle Battery Swapping Market Forecasts and Analysis
9.2.3 Europe Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Service Type
9.2.4 Europe Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Vehicle Type
9.2.5 Europe Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Vehicle Battery Swapping Market
9.2.5.1.1 Germany Electric Vehicle Battery Swapping Market by Service Type
9.2.5.1.2 Germany Electric Vehicle Battery Swapping Market by Vehicle Type
9.2.5.2 France Electric Vehicle Battery Swapping Market
9.2.5.2.1 France Electric Vehicle Battery Swapping Market by Service Type
9.2.5.2.2 France Electric Vehicle Battery Swapping Market by Vehicle Type
9.2.5.3 Italy Electric Vehicle Battery Swapping Market
9.2.5.3.1 Italy Electric Vehicle Battery Swapping Market by Service Type
9.2.5.3.2 Italy Electric Vehicle Battery Swapping Market by Vehicle Type
9.2.5.4 United Kingdom Electric Vehicle Battery Swapping Market
9.2.5.4.1 United Kingdom Electric Vehicle Battery Swapping Market by Service Type
9.2.5.4.2 United Kingdom Electric Vehicle Battery Swapping Market by Vehicle Type
9.2.5.5 Russia Electric Vehicle Battery Swapping Market
9.2.5.5.1 Russia Electric Vehicle Battery Swapping Market by Service Type
9.2.5.5.2 Russia Electric Vehicle Battery Swapping Market by Vehicle Type
9.2.5.6 Rest of Europe Electric Vehicle Battery Swapping Market
9.2.5.6.1 Rest of Europe Electric Vehicle Battery Swapping Market by Service Type
9.2.5.6.2 Rest of Europe Electric Vehicle Battery Swapping Market by Vehicle Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Vehicle Battery Swapping Market Overview
9.3.2 Asia-Pacific Electric Vehicle Battery Swapping Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Service Type
9.3.4 Asia-Pacific Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Vehicle Type
9.3.5 Asia-Pacific Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Vehicle Battery Swapping Market
9.3.5.1.1 Australia Electric Vehicle Battery Swapping Market by Service Type
9.3.5.1.2 Australia Electric Vehicle Battery Swapping Market by Vehicle Type
9.3.5.2 China Electric Vehicle Battery Swapping Market
9.3.5.2.1 China Electric Vehicle Battery Swapping Market by Service Type
9.3.5.2.2 China Electric Vehicle Battery Swapping Market by Vehicle Type
9.3.5.3 India Electric Vehicle Battery Swapping Market
9.3.5.3.1 India Electric Vehicle Battery Swapping Market by Service Type
9.3.5.3.2 India Electric Vehicle Battery Swapping Market by Vehicle Type
9.3.5.4 Japan Electric Vehicle Battery Swapping Market
9.3.5.4.1 Japan Electric Vehicle Battery Swapping Market by Service Type
9.3.5.4.2 Japan Electric Vehicle Battery Swapping Market by Vehicle Type
9.3.5.5 South Korea Electric Vehicle Battery Swapping Market
9.3.5.5.1 South Korea Electric Vehicle Battery Swapping Market by Service Type
9.3.5.5.2 South Korea Electric Vehicle Battery Swapping Market by Vehicle Type
9.3.5.6 Rest of Asia-Pacific Electric Vehicle Battery Swapping Market
9.3.5.6.1 Rest of Asia-Pacific Electric Vehicle Battery Swapping Market by Service Type
9.3.5.6.2 Rest of Asia-Pacific Electric Vehicle Battery Swapping Market by Vehicle Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Vehicle Battery Swapping Market Overview
9.4.2 Middle East and Africa Electric Vehicle Battery Swapping Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Service Type
9.4.4 Middle East and Africa Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Vehicle Type
9.4.5 Middle East and Africa Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Vehicle Battery Swapping Market
9.4.5.1.1 South Africa Electric Vehicle Battery Swapping Market by Service Type
9.4.5.1.2 South Africa Electric Vehicle Battery Swapping Market by Vehicle Type
9.4.5.2 Saudi Arabia Electric Vehicle Battery Swapping Market
9.4.5.2.1 Saudi Arabia Electric Vehicle Battery Swapping Market by Service Type
9.4.5.2.2 Saudi Arabia Electric Vehicle Battery Swapping Market by Vehicle Type
9.4.5.3 U.A.E Electric Vehicle Battery Swapping Market
9.4.5.3.1 U.A.E Electric Vehicle Battery Swapping Market by Service Type
9.4.5.3.2 U.A.E Electric Vehicle Battery Swapping Market by Vehicle Type
9.4.5.4 Rest of Middle East and Africa Electric Vehicle Battery Swapping Market
9.4.5.4.1 Rest of Middle East and Africa Electric Vehicle Battery Swapping Market by Service Type
9.4.5.4.2 Rest of Middle East and Africa Electric Vehicle Battery Swapping Market by Vehicle Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Vehicle Battery Swapping Market Overview
9.5.2 South and Central America Electric Vehicle Battery Swapping Market Forecasts and Analysis
9.5.3 South and Central America Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Service Type
9.5.4 South and Central America Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Vehicle Type
9.5.5 South and Central America Electric Vehicle Battery Swapping Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Vehicle Battery Swapping Market
9.5.5.1.1 Brazil Electric Vehicle Battery Swapping Market by Service Type
9.5.5.1.2 Brazil Electric Vehicle Battery Swapping Market by Vehicle Type
9.5.5.2 Argentina Electric Vehicle Battery Swapping Market
9.5.5.2.1 Argentina Electric Vehicle Battery Swapping Market by Service Type
9.5.5.2.2 Argentina Electric Vehicle Battery Swapping Market by Vehicle Type
9.5.5.3 Rest of South and Central America Electric Vehicle Battery Swapping Market
9.5.5.3.1 Rest of South and Central America Electric Vehicle Battery Swapping Market by Service Type
9.5.5.3.2 Rest of South and Central America Electric Vehicle Battery Swapping Market by Vehicle Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC VEHICLE BATTERY SWAPPING MARKET, KEY COMPANY PROFILES
11.1. AMARA RAJA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. AMPLIFY MOBILITY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CHARGEMYGAADI
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. ECHARGEUP SOLUTIONS PVT LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ESMITO SOLUTIONS PVT LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GOGORO, INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LITHION POWER PVT LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NIO INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NUMOCITY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. OYIKA PTE LTD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Amara Raja
2. Amplify Mobility
3. ChargeMYGaadi
4. EChargeUp solutions pvt Ltd
5. Esmito Solutions Pvt Ltd
6. Gogoro, Inc
7. Lithion Power Pvt Ltd
8. NIO Inc
9. Numocity
10. Oyika Pte Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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