Energy as a Service (EAAS) Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Energy as a Service (EAAS) Market covers analysis by Service Type (Energy Supply Service, Operation and Maintenance, Optimization and Efficiency Service, Others); End User (Industrial, Commercial) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00004340
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW
Energy as a service is a swiftly growing and newly developed model that offers various energy related services and provides energy optimization solutions across small, medium and large businesses. It also increases awareness toward better management and increased installation of distributed generation sources. The growth of the market is primarily attributed to factors such as new revenue generation streams for utilities, increasing distributed energy resources, decreasing cost of renewable power generation and storage solutions, and availability of federal and state tax benefits for energy efficiency projects. Deeper operational and maintenance savings are the key factors offerings the potential opportunity for the market growth.

MARKET SCOPE
The "Global Energy as a Service Market Analysis to 2028" is a specialized and in-depth study of the energy services with a special focus on the global market trend analysis. The report aims to provide an overview of the energy as a service market with detailed market segmentation by service type, end user and geography. The report provides key statistics on the market status of the leading energy as a service market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION
  • On the basis of service type the market is segmented into energy supply services, operation & maintenance, and energy efficiency & optimization, and others
  • On the basis of end user the market is segmented into industrial and commercial
MARKET DYNAMICS

Drivers
  • Decreasing cost of renewable power generation and storage solutions
  • Supportive government regulations for Energy Efficiency projects 
Restraints
  • Dominance of existing centralized utility models restraints the market growth
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The energy as a service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the energy as a service market in these regions.

IMPACT OF COVID-19 ON ENERGY AS A SERVICE MARKET
The emergence of the COVID-19 has severely impacted the power industry, which resulted decline in the demand for energy as a service market in the year 2020. The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. EaaS projects offer energy efficiency as well as cost saving for long term. However, high capital investments in initial stages have led many companies to reduce such investments. Companies are already struggling to keep up with fixed costs and trying to survive the impact from COVID-19, any commitment to such huge capital investment is either put off, cancelled, or delayed. Thus, the impact on the EaaS market is high. However, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period. The supportive government regulations in terms of renewable energy generation, energy storage and growing adoption of distributed energy resources during the pandemic recovery period which helps drive the market growth.

World Geography

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MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South America. The energy as a service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five region, evaluating political, economic, social and technological factors affecting the energy as a service market in these regions.

IMPACT OF COVID-19 ON ENERGY AS A SERVICE MARKET
The emergence of the COVID-19 has severely impacted the power industry, which resulted decline in the demand for energy as a service market in the year 2020. The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. EaaS projects offer energy efficiency as well as cost saving for long term. However, high capital investments in initial stages have led many companies to reduce such investments. Companies are already struggling to keep up with fixed costs and trying to survive the impact from COVID-19, any commitment to such huge capital investment is either put off, cancelled, or delayed. Thus, the impact on the EaaS market is high. However, from 2021, the ease in restriction and opening of manufacturing industries have fueled the market growth over the projected period. The supportive government regulations in terms of renewable energy generation, energy storage and growing adoption of distributed energy resources during the pandemic recovery period which helps drive the market growth.

MARKET PLAYERS
The report covers key developments in the energy as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as advancement in products, reallocation of resources 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 the expansion of business and customer base of market players. The market players in energy as a service market are anticipated to get lucrative growth opportunities in the future owing increase in R&D investments. The key players are adopting numerous strategies such as product launch, agreement, partnership, acquisition, and business expansion to stay competitive in the energy as a service market. For instance, in June 2021, Honeywell and Alturas announced collaborative effort to deploy battery energy storage systems to customers globally. In this partnership Alturus will provide dedicated capital and structuring for Honeywell's renewables & distributed assets projects
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the energy as a service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
  • ABB
  • Schneider Electric
  • Siemens
  • Veolia
  • Enel X S.r.l.
  • WGL Holdings, Inc.
  • GENERAL ELECTRIC
  • ENGIE Solutions
  • Johnson Controls
  • Honeywell International Inc.
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
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Energy As A Service (EAAS) Market - By Service Type
1.3.2 Energy As A Service (EAAS) Market - By End User
1.3.3 Energy As A Service (EAAS) Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ENERGY AS A SERVICE (EAAS) MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. ENERGY AS A SERVICE (EAAS) 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. ENERGY AS A SERVICE (EAAS) MARKET - GLOBAL MARKET ANALYSIS
6.1. ENERGY AS A SERVICE (EAAS) - GLOBAL MARKET OVERVIEW
6.2. ENERGY AS A SERVICE (EAAS) - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ENERGY AS A SERVICE (EAAS) MARKET - REVENUE AND FORECASTS TO 2028 - SERVICE TYPE
7.1. OVERVIEW
7.2. SERVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. ENERGY SUPPLY SERVICE
7.3.1. Overview
7.3.2. Energy Supply Service Market Forecast and Analysis
7.4. OPERATION AND MAINTENANCE
7.4.1. Overview
7.4.2. Operation and Maintenance Market Forecast and Analysis
7.5. OPTIMIZATION AND EFFICIENCY SERVICE
7.5.1. Overview
7.5.2. Optimization and Efficiency Service Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis

8. ENERGY AS A SERVICE (EAAS) MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. INDUSTRIAL
8.3.1. Overview
8.3.2. Industrial Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis

9. ENERGY AS A SERVICE (EAAS) MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Energy As A Service (EAAS) Market Overview
9.1.2 North America Energy As A Service (EAAS) Market Forecasts and Analysis
9.1.3 North America Energy As A Service (EAAS) Market Forecasts and Analysis - By Service Type
9.1.4 North America Energy As A Service (EAAS) Market Forecasts and Analysis - By End User
9.1.5 North America Energy As A Service (EAAS) Market Forecasts and Analysis - By Countries
9.1.5.1 United States Energy As A Service (EAAS) Market
9.1.5.1.1 United States Energy As A Service (EAAS) Market by Service Type
9.1.5.1.2 United States Energy As A Service (EAAS) Market by End User
9.1.5.2 Canada Energy As A Service (EAAS) Market
9.1.5.2.1 Canada Energy As A Service (EAAS) Market by Service Type
9.1.5.2.2 Canada Energy As A Service (EAAS) Market by End User
9.1.5.3 Mexico Energy As A Service (EAAS) Market
9.1.5.3.1 Mexico Energy As A Service (EAAS) Market by Service Type
9.1.5.3.2 Mexico Energy As A Service (EAAS) Market by End User
9.2. EUROPE
9.2.1 Europe Energy As A Service (EAAS) Market Overview
9.2.2 Europe Energy As A Service (EAAS) Market Forecasts and Analysis
9.2.3 Europe Energy As A Service (EAAS) Market Forecasts and Analysis - By Service Type
9.2.4 Europe Energy As A Service (EAAS) Market Forecasts and Analysis - By End User
9.2.5 Europe Energy As A Service (EAAS) Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Energy As A Service (EAAS) Market
9.2.5.1.1 Germany Energy As A Service (EAAS) Market by Service Type
9.2.5.1.2 Germany Energy As A Service (EAAS) Market by End User
9.2.5.2 France Energy As A Service (EAAS) Market
9.2.5.2.1 France Energy As A Service (EAAS) Market by Service Type
9.2.5.2.2 France Energy As A Service (EAAS) Market by End User
9.2.5.3 Italy Energy As A Service (EAAS) Market
9.2.5.3.1 Italy Energy As A Service (EAAS) Market by Service Type
9.2.5.3.2 Italy Energy As A Service (EAAS) Market by End User
9.2.5.4 United Kingdom Energy As A Service (EAAS) Market
9.2.5.4.1 United Kingdom Energy As A Service (EAAS) Market by Service Type
9.2.5.4.2 United Kingdom Energy As A Service (EAAS) Market by End User
9.2.5.5 Russia Energy As A Service (EAAS) Market
9.2.5.5.1 Russia Energy As A Service (EAAS) Market by Service Type
9.2.5.5.2 Russia Energy As A Service (EAAS) Market by End User
9.2.5.6 Rest of Europe Energy As A Service (EAAS) Market
9.2.5.6.1 Rest of Europe Energy As A Service (EAAS) Market by Service Type
9.2.5.6.2 Rest of Europe Energy As A Service (EAAS) Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Energy As A Service (EAAS) Market Overview
9.3.2 Asia-Pacific Energy As A Service (EAAS) Market Forecasts and Analysis
9.3.3 Asia-Pacific Energy As A Service (EAAS) Market Forecasts and Analysis - By Service Type
9.3.4 Asia-Pacific Energy As A Service (EAAS) Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Energy As A Service (EAAS) Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Energy As A Service (EAAS) Market
9.3.5.1.1 Australia Energy As A Service (EAAS) Market by Service Type
9.3.5.1.2 Australia Energy As A Service (EAAS) Market by End User
9.3.5.2 China Energy As A Service (EAAS) Market
9.3.5.2.1 China Energy As A Service (EAAS) Market by Service Type
9.3.5.2.2 China Energy As A Service (EAAS) Market by End User
9.3.5.3 India Energy As A Service (EAAS) Market
9.3.5.3.1 India Energy As A Service (EAAS) Market by Service Type
9.3.5.3.2 India Energy As A Service (EAAS) Market by End User
9.3.5.4 Japan Energy As A Service (EAAS) Market
9.3.5.4.1 Japan Energy As A Service (EAAS) Market by Service Type
9.3.5.4.2 Japan Energy As A Service (EAAS) Market by End User
9.3.5.5 South Korea Energy As A Service (EAAS) Market
9.3.5.5.1 South Korea Energy As A Service (EAAS) Market by Service Type
9.3.5.5.2 South Korea Energy As A Service (EAAS) Market by End User
9.3.5.6 Rest of Asia-Pacific Energy As A Service (EAAS) Market
9.3.5.6.1 Rest of Asia-Pacific Energy As A Service (EAAS) Market by Service Type
9.3.5.6.2 Rest of Asia-Pacific Energy As A Service (EAAS) Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Energy As A Service (EAAS) Market Overview
9.4.2 Middle East and Africa Energy As A Service (EAAS) Market Forecasts and Analysis
9.4.3 Middle East and Africa Energy As A Service (EAAS) Market Forecasts and Analysis - By Service Type
9.4.4 Middle East and Africa Energy As A Service (EAAS) Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Energy As A Service (EAAS) Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Energy As A Service (EAAS) Market
9.4.5.1.1 South Africa Energy As A Service (EAAS) Market by Service Type
9.4.5.1.2 South Africa Energy As A Service (EAAS) Market by End User
9.4.5.2 Saudi Arabia Energy As A Service (EAAS) Market
9.4.5.2.1 Saudi Arabia Energy As A Service (EAAS) Market by Service Type
9.4.5.2.2 Saudi Arabia Energy As A Service (EAAS) Market by End User
9.4.5.3 U.A.E Energy As A Service (EAAS) Market
9.4.5.3.1 U.A.E Energy As A Service (EAAS) Market by Service Type
9.4.5.3.2 U.A.E Energy As A Service (EAAS) Market by End User
9.4.5.4 Rest of Middle East and Africa Energy As A Service (EAAS) Market
9.4.5.4.1 Rest of Middle East and Africa Energy As A Service (EAAS) Market by Service Type
9.4.5.4.2 Rest of Middle East and Africa Energy As A Service (EAAS) Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Energy As A Service (EAAS) Market Overview
9.5.2 South and Central America Energy As A Service (EAAS) Market Forecasts and Analysis
9.5.3 South and Central America Energy As A Service (EAAS) Market Forecasts and Analysis - By Service Type
9.5.4 South and Central America Energy As A Service (EAAS) Market Forecasts and Analysis - By End User
9.5.5 South and Central America Energy As A Service (EAAS) Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Energy As A Service (EAAS) Market
9.5.5.1.1 Brazil Energy As A Service (EAAS) Market by Service Type
9.5.5.1.2 Brazil Energy As A Service (EAAS) Market by End User
9.5.5.2 Argentina Energy As A Service (EAAS) Market
9.5.5.2.1 Argentina Energy As A Service (EAAS) Market by Service Type
9.5.5.2.2 Argentina Energy As A Service (EAAS) Market by End User
9.5.5.3 Rest of South and Central America Energy As A Service (EAAS) Market
9.5.5.3.1 Rest of South and Central America Energy As A Service (EAAS) Market by Service Type
9.5.5.3.2 Rest of South and Central America Energy As A Service (EAAS) Market by End User

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. ENERGY AS A SERVICE (EAAS) MARKET, KEY COMPANY PROFILES
11.1. ABB
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. SCHNEIDER ELECTRIC
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. SIEMENS
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. VEOLIA
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. ENEL X S.R.L.
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. WGL HOLDINGS, 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. GENERAL ELECTRIC
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. ENGIE SOLUTIONS
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. JOHNSON CONTROLS
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. HONEYWELL INTERNATIONAL INC.
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

The List Of Companies

  1. ABB
  2. Schneider Electric
  3. Siemens
  4. Veolia
  5. Enel X S.r.l.
  6. WGL Holdings, Inc.
  7. GENERAL ELECTRIC
  8. ENGIE Solutions
  9. Johnson Controls
  10. Honeywell International Inc.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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