The waste heat boiler market in Europe is expected to grow from US$ 1.36 Bn in 2018 to US$ 2.26 Bn by the year 2027. This represents a CAGR of 5.9% from the year 2019 to 2027.
Waste heat boilers are used in various industrial applications; the equipment also integrates with multiple machines, which sometimes might face technical and economic barriers that can hinder their wider application. Today, numerous machines are already integrating with waste heat boilers, such as waste heat recovery technologies. However, the challenge is that heat recovery technologies are not always economical for a given application. Due to integration, the cost of systems would increase. The capital cost to implement a waste heat boilers integrated with waste heat recovery system might be high; the integration might include additional equipment, which requires additional floor area and maintenance cost. The key factors hindering the market growth are long payback periods, material constrain & cost, economies of scale, and operational & maintenance cost.
Vendors are highly focused on identifying technical issues and pursuing R&D that enables the wide-scale use of waste heat boilers. R&D areas include materials and designs to extend equipment life, lessen maintenance time intervals, and offer reliable & consistent performance for several years. Emerging technologies provide enhanced recovering waste heat as compared to traditional methods. For instance, the Kalina cycle is one of the successful techniques of recovering low to medium temperature waste heat. Vendors have a massive opportunity by focusing on new technologies that can recover heat from sources not typically considered for heat recoveries such as losses from heated product streams or sidewall losses.
Germany Waste heat boiler market is expected to grow at a good CAGR in the forecast period. Germany is a highly industrialized country, and its economically leading industries include chemicals, automotive, electronics, and food & beverages. Among the countries of EU15, Germany comprises of highest absolute production of CH electricity at present. It is primarily generated from the natural gas combined cycle gas turbines as well as small gas turbines. The figure given below highlights the revenue share of Rest of Europe in the European waste heat boiler market in the forecast period:
Rest of Europe Waste Heat Boiler Market Revenue and Forecasts to 2027 (US$ Mn)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Europe Waste Heat Boiler Market–Segmentation
Europe Waste Heat Boiler Market By Waste Heat Temperature
- Medium Temperature
- High Temperature
- Ultra-High Temperature
Europe Waste Heat Boiler Market By Waste Heat Source
- Oil Engine Exhaust
- Gas Engine Exhaust
- Gas Turbine Exhaust
- Incinerator Exit Gases
- Kiln & Furnace Gases
- Others
Europe Waste Heat Boiler Market By Orientation
- Horizontal
- Vertical
Europe Waste Heat Boiler Market By End-User
- Power Generation Utilities
- Oil & Gas
- Chemical
- Primary Metals
- Non-Metallic Minerals
- Others
Europe Waste Heat Boiler Market By Country
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
Europe Waste Heat Boiler Market-Companies Mentioned
- Alfa Laval
- CiTECH Energy Recovery Solutions (UK) LTD
- General Electric
- Kawasaki Heavy Industries, Ltd
- Nooter/Eriksen
- Bosch Group
- Thermax
- Thyssenkrupp AG
- Viessmann Group
- Zhengzhou Boiler Co., Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Waste Heat Temperature, Waste Heat Source, Orientation, End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Waste Heat Boiler Market Landscape
4.1 Market Overview
4.2 PEST ANALYSIS
4.2.1 Europe PEST Analysis
4.3 Ecosystem Analysis
5. Europe Waste Heat Boiler Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Stringent government regulations
5.1.2 Growing energy prices
5.2 Key Market Restraint
5.2.1 Challenges associated with integration of waste heat recovery solutions within existing production process
5.3 Key Market Opportunity
5.3.1 Growing focus towards the development of emerging technologies
5.4 Future Trend
5.4.1 Increasing demand for energy efficient solutions
5.5 Impact Analysis of Drivers and Restraints
6. Europe Waste Heat Boiler Market –Market Analysis
6.1 Europe Waste heat boiler Market Overview
6.2 Europe Waste heat boiler Market Forecast and Analysis
7. Europe Waste Heat Boiler Market Analysis – By Waste Heat Temperature
7.1 Overview
7.2 Waste Heat Boiler Market Breakdown, By Waste Heat Temperature, 2018 & 2027
7.3 Medium Temperature
7.3.1 Overview
7.3.2 Medium Temperature Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 High Temperature
7.4.1 Overview
7.4.2 High Temperature Market Revenue and Forecasts to 2027 (US$ Mn)
7.5 Ultra-High Temperature
7.5.1 Overview
7.5.2 Ultra-High Temperature Market Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Waste Heat Boiler Market Analysis – By Waste Heat Source
8.1 Overview
8.2 Europe Waste Heat Boiler Market Breakdown, By Waste Heat Source, 2018 & 2027
8.3 Oil Engine Exhaust
8.3.1 Overview
8.3.2 Europe Oil Engine Exhaust Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Gas Engine Exhaust
8.4.1 Overview
8.4.2 Gas Engine Exhaust Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Gas Turbine Exhaust
8.5.1 Overview
8.5.2 Europe Gas Turbine Market Revenue and Forecasts to 2027 (US$ Mn)
8.6 Incinerator Exit Gases
8.6.1 Overview
8.6.2 Europe Incinerator Exit Gases Market Revenue and Forecasts to 2027 (US$ Mn)
8.7 Kiln & Furnace Gases
8.7.1 Overview
8.7.2 Europe Kiln & Furnace Gases Market Revenue and Forecasts to 2027 (US$ Mn)
8.8 Others
8.8.1 Overview
8.8.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Waste Heat Boiler Market Analysis – By Orientation
9.1 Overview
9.2 Europe Waste Heat Boiler Market Breakdown, By Orientation, 2018 & 2027
9.3 Horizontal
9.3.1 Overview
9.3.2 Horizontal Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Vertical
9.4.1 Overview
9.4.2 Vertical Market Revenue and Forecasts to 2027 (US$ Mn)
10. Europe Waste Heat Boiler Market – By End-User
10.1 Overview
10.2 Europe Waste Heat Boiler Market Breakdown, By End-User, 2018 & 2027
10.3 Power Generation Utilities
10.3.1 Overview
10.3.2 Europe Power Generation Utilities Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 Oil & Gas
10.4.1 Overview
10.4.2 Europe Oil & Gas Market Revenue and Forecasts to 2027 (US$ Mn)
10.5 Chemical
10.5.1 Overview
10.5.2 Europe Chemical Market Revenue and Forecasts to 2027 (US$ Mn)
10.6 Primary Metals
10.6.1 Overview
10.6.2 Europe Primary Metals Market Revenue and Forecasts to 2027 (US$ Mn)
10.7 Non-Metallic Minerals
10.7.1 Overview
10.7.2 Europe Non-Metallic Minerals Market Revenue and Forecasts to 2027 (US$ Mn)
10.8 Others
10.8.1 Overview
10.8.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
11. Europe Waste Heat Boiler Market – Country Analysis
11.1 Europe Waste Heat Boiler Market Breakdown, By Country
11.1.1 Germany Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
11.1.1.1 Germany Waste Heat Boiler Market Breakdown, By Waste Heat Temperature
11.1.1.2 Germany Waste heat boiler Market Breakdown, By Waste Heat Source
11.1.1.3 Germany Waste heat boiler Market Breakdown, By Orientation
11.1.1.4 Germany Waste heat boiler Market Breakdown, By End-Users
11.1.2 UK Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
11.1.2.1 UK Waste Heat Boiler Market Breakdown, By Waste Heat Temperature
11.1.2.2 UK Waste heat boiler Market Breakdown, By Waste Heat Source
11.1.2.3 UK Waste heat boiler Market Breakdown, By Orientation
11.1.2.4 UK Waste heat boiler Market Breakdown, By End-Users
11.1.3 France Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
11.1.3.1 France Waste Heat Boiler Market Breakdown, By Waste Heat Temperature
11.1.3.2 France Waste heat boiler Market Breakdown, By Waste Heat Source
11.1.3.3 France Waste heat boiler Market Breakdown, By Orientation
11.1.3.4 France Waste heat boiler Market Breakdown, By End-Users
11.1.4 Italy Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
11.1.4.1 Italy Waste Heat Boiler Market Breakdown, By Waste Heat Temperature
11.1.4.2 Italy Waste heat boiler Market Breakdown, By Waste Heat Source
11.1.4.3 Italy Waste heat boiler Market Breakdown, By Orientation
11.1.4.4 Italy Waste heat boiler Market Breakdown, By End-Users
11.1.5 Russia Waste heat boiler Market Revenue and Forecast To 2027 (US$ Mn)
11.1.5.1 Russia Waste Heat Boiler Market Breakdown, By Waste Heat Temperature
11.1.5.2 Russia Waste heat boiler Market Breakdown, By Waste Heat Source
11.1.5.3 Russia Waste heat boiler Market Breakdown, By Orientation
11.1.5.4 Russia Waste heat boiler Market Breakdown, By End-Users
11.1.6 Rest of Europe Waste heat boiler Market Revenue and Forecast To 2027 (US$ Mn)
11.1.6.1 Rest of Europe Waste Heat Boiler Market Breakdown, By Waste Heat Temperature
11.1.6.2 Rest of Europe Waste heat boiler Market Breakdown, By Waste Heat Source
11.1.6.3 Rest of Europe Waste heat boiler Market Breakdown, By Orientation
11.1.6.4 Rest of Europe Waste heat boiler Market Breakdown, By End-Users
12. Waste Heat Boiler Market - Industry Landscape
12.1 Market Initiative
13. Waste Heat Boiler Market- Company Profiles
13.1 Alfa Laval
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CiTECH Energy Recovery Solutions (UK) LTD
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 General Electric
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Kawasaki Heavy Industries Ltd.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Nooter/Eriksen, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Robert Bosch GmbH (Bosch Industriekessel GmbH)
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Thermax
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Thyssenkrupp AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Viessmann Group
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Zhengzhou Boiler Co., Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Waste Heat Boiler Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. Europe Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Temperature (US$ Mn)
Table 3. Europe Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Source (US$ Mn)
Table 4. Europe Waste Heat Boiler Market Revenue and Forecast To 2027 – By Orientation (US$ Mn)
Table 5. Europe Waste Heat Boiler Market Revenue and Forecast To 2027 – By End-User (US$ Mn)
Table 6. Europe Waste Heat Boiler Market Revenue and Forecast To 2027 – By Key Country (US$ Mn)
Table 7. Germany Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Temperature (US$ Mn)
Table 8. Germany Waste heat boiler Market Revenue and Forecast To 2027 – By Waste Heat Source (US$ Mn)
Table 9. Germany Waste heat boiler Market Revenue and Forecast To 2027 – By Orientation (US$ Mn)
Table 10. Germany Waste heat boiler Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)
Table 11. UK Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Temperature (US$ Mn)
Table 12. UK Waste heat boiler Market Revenue and Forecast To 2027 – By Waste Heat Source (US$ Mn)
Table 13. UK Waste heat boiler Market Revenue and Forecast To 2027 – By Orientation (US$ Mn)
Table 14. UK Waste heat boiler Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)
Table 15. France Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Temperature (US$ Mn)
Table 16. France Waste heat boiler Market Revenue and Forecast To 2027 – By Waste Heat Source (US$ Mn)
Table 17. France Waste heat boiler Market Revenue and Forecast To 2027 – By Orientation (US$ Mn)
Table 18. France Waste heat boiler Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)
Table 19. Italy Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Temperature (US$ Mn)
Table 20. Italy Waste heat boiler Market Revenue and Forecast To 2027 – By Waste Heat Source (US$ Mn)
Table 21. Italy Waste heat boiler Market Revenue and Forecast To 2027 – By Orientation (US$ Mn)
Table 22. Italy Waste heat boiler Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)
Table 23. Russia Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Temperature (US$ Mn)
Table 24. Russia Waste heat boiler Market Revenue and Forecast To 2027 – By Waste Heat Source (US$ Mn)
Table 25. Russia Waste heat boiler Market Revenue and Forecast To 2027 – By Orientation (US$ Mn)
Table 26. Russia Waste heat boiler Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)
Table 27. Rest of Europe Waste Heat Boiler Market Revenue and Forecast To 2027 – By Waste Heat Temperature (US$ Mn)
Table 28. Rest of Europe Waste heat boiler Market Revenue and Forecast To 2027 – By Waste Heat Source (US$ Mn)
Table 29. Rest of Europe Waste heat boiler Market Revenue and Forecast To 2027 – By Orientation (US$ Mn)
Table 30. Rest of Europe Waste heat boiler Market Revenue and Forecast To 2027 – By End-Users (US$ Mn)
Table 31. Glossary of Term: Waste Heat Boiler Market
LIST OF FIGURES
Figure 1. Europe Waste heat boiler Market Segmentation
Figure 2. Europe Waste Heat Boiler Market Segmentation – By Country
Figure 3. Europe Waste Heat Boiler Market Overview
Figure 4. Gas Engine Exhaust held largest share in the Europe waste heat boiler market
Figure 5. Primary Metals Segment expected to witness the highest CAGR
Figure 6. Germany Is Expected To Show Remarkable Traction During The Forecast Period
Figure 7. Europe PEST Analysis
Figure 8. Waste Heat Boiler Market Ecosystem Analysis
Figure 9. Energy Price Index, 2015-2019
Figure 10. Europe Waste Heat Boiler Market Impact Analysis of Drivers and Restraints
Figure 11. Europe Waste heat boiler Market Forecast and Analysis, (US$ Mn)
Figure 12. Waste Heat Boiler Market Breakdown, By Waste Heat Temperature, 2018 & 2027 (%)
Figure 13. Europe Medium Temperature Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 14. Europe High Temperature Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Europe Ultra-High Temperature Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Waste Heat Boiler Market Breakdown, By Waste Heat Source, 2018 & 2027 (%)
Figure 17. Europe Oil Engine Exhaust Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Europe Gas Engine Exhaust Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Europe Gas Turbine Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe Incinerator Exit Gases Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 21. Europe Kiln & Furnace Gases Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Europe Waste Heat Boiler Market Breakdown, By Orientation, 2018 & 2027 (%)
Figure 24. Europe Horizontal Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Europe Vertical Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Europe Waste Heat Boiler Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 27. Europe Power Generation Utilities Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Europe Oil & Gas Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Europe Chemical Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 30. Europe Primary Metals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 31. Europe Non-Metallic Minerals Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 32. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 33. Europe Waste Heat Boiler Market Breakdown, By Country, 2018 & 2027(%)
Figure 34. Germany Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
Figure 35. UK Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
Figure 36. France Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
Figure 37. Italy Waste Heat Boiler Market Revenue and Forecast To 2027 (US$ Mn)
Figure 38. Russia Waste heat boiler Market Revenue and Forecast To 2027 (US$ Mn)
Figure 39. Rest of Europe Waste heat boiler Market Revenue and Forecast To 2027 (US$ Mn)
The List of Companies
- Alfa Laval
- CiTECH Energy Recovery Solutions (UK) LTD
- General Electric
- Kawasaki Heavy Industries, Ltd
- Nooter/Eriksen
- Bosch Group
- Thermax
- Thyssenkrupp AG
- Viessmann Group
- Zhengzhou Boiler Co., 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.
Trends and growth analysis reports related to Europe Waste Heat Boiler Market
Oct 2019
Self Erecting Tower Cranes Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Application (Residential Construction, Commercial Construction, and Others), and Lifting Capacity (Upto 5 Tons, 5 to 10 Tons, and Above 10 Tons) , and Geography
Oct 2019
Type-C Tanks Market
Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Tank Type (Cylindrical, Bi-lobe, and Tri-lobe), Application (Cargo Tanks and Fuel Tanks), End User (LNG, LPG, LH2, and Ethanol), and Geography
Oct 2019
Water Treatment Industry Valves Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Valve Type (Ball Valves, Butterfly Valves, Diaphragm Valves, Safety Valves, Check Valves, Gate Valves, and Others) and Material Type (Steel Alloys, Stainless Steel, Cast Iron, and Others)
Oct 2019
Construction Scaffolding Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Offering [Scaffolding Products (Sale) and Rental Solutions], Type (Frame Scaffolding, Tube and Clamp Scaffolding, Ringlock Scaffolding, Cuplock Scaffolding, and Others), and End User (Residential Building, Commercial Building, Industrial, Oil and Gas Industry, Events, and Others)
Oct 2019
Conventional Lathe Machine Market
Forecast to 2028 - Global Analysis by Spindle Orientation (Horizontal and Vertical), Number of Axis (2 and 3), End-User (Automotive, General Machinery, Aerospace, Electronics, Oil & Gas, Others), and Lathe Type (Universal Lathe and Oil Country Lathe)