North America LNG Storage Tank Market Growth and Recent Trends by 2028

North America LNG Storage Tank Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Configuration (Self-Supporting Tank and Non-Self-Supporting Tank), Type (LNG Carrier and LNG Fueled Vessel), and Material (Stainless Steel, Aluminum Alloy, 9% Nickel Steel, Invar Alloy, and C-MN Steel)

  • Report Date : Aug 2021
  • Report Code : TIPRE00024118
  • Category : Manufacturing and Construction
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 125

The LNG storage tank market in North America is expected to grow from US$ 2,816.14 million in 2021 to US$ 3,539.85 million by 2028; it is estimated to grow at a CAGR of 7.1% from 2021 to 2028.



The US, Canada, and Mexico are major economies in North America. Rising LNG trade across North America is the major factor driving the growth of the North America LNG storage tank market. At present, the US is the largest producer of natural gas across the world. In the US, natural gas supplies nearly one third of the primary energy and is one of the key heating fuels for almost half of US households. A large volume of LNG is transported through the sea route, where LNG is loaded onto double-hulled ships and the gas is off-loaded to well-insulated storage tanks. Later it is re-gasified for admission into the pipeline distribution network. Moreover, LNG is also shipped in smaller quantities, generally for shorter ocean distances. The growing LNG trade in small-scale shipments is commonly transported in the same containers used on trucks for international trade, particularly outfitted with cryogenic tanks. Additionally, Shell published that the North America LNG trade will be increased to 360 Mt by 2021 from 358 Mt in 2020. Therefore, this rise in the international LNG trade is driving the growth of the LNG storage tanks market.     

Owing to favorable government policies to boost innovation and reinforce infrastructure capabilities, North America have the highest acceptance and development rate of emerging technologies. Any impact on industries is therefore projected to have a negative influence on the region's economic development. Currently, due to the COVID-19 outbreak, the US is the world's worst affected country, thus affecting the sudden stands still across all the industries present in the region.In North America, especially the US, witnessed an unprecedented rise in number of COVID cases, which disrupted its LNG trade activities in the oil & gas sector and subsequently impacted the demand for LNG storage tank in 2020 and is expected to continue in 2021. Additionally, as per the US Energy Information Administration (EIA) due to COVID-19, ~175 US LNG cargoes were cancelled in October 2020, out of which around 80% of the LNG cargoes cancelled, which are scheduled for the summer months. The EIA anticipated that demand of LNG will slowly increase by the end of 2021. Moreover, the considerable decline in overall global gas prices further restricted the oil & gas related projects and other activities that negatively influenced the demand for LNG storage tank. Similar trend was witnessed in other North American countries such as Canada and Mexico. However, the countries are expected to overcome the swift drop in demand as the countries continue to open their economic activities especially in the recent months for revival of business activities. However, the demand for the same could not be catered by the country due to the temporary shutdown of transportation facilities across the region, which has negatively hindered the LNG trade cross-border. Thus, owing to the above-mentioned factors, LNG storage tank market is said to be negatively affected owing to the outbreak of the COVID-19 across the region


  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

North America LNG Storage Tank Market Segmentation

North America LNG Storage Tank Market – By Configuration

  • Self-Supporting Tank
  • Non-Self-Supporting Tank

North America LNG Storage Tank Market – By Type

  • LNG Carrier
  • LNG Fueled Vessel

North America LNG Storage Tank Market – By Material

  • Stainless Steel
  • Aluminum Alloy
  • 9% Nickel Steel
  • Invar Alloy
  • C-MN Steel

North America LNG Storage Tank Market, by Country

  • US
  • Canada
  • Mexico

North America LNG Storage Tank Market - Companies Mentioned

  • Air Water Inc.
  • Chart Industries, Inc.
  • CIMC Enric Holding Ltd.
  • Cryolor
  • IHI Corporation
  • India Inox Pvt. Ltd.
  • ISISAN AS
  • Linde Plc
  • Wartsila Corporation

Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Configuration, Type, and Material

Regional Scope
Regional Scope

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

Country Scope
Country Scope

US, Canada

1. Introduction

1.1 Study Scope

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. North America LNG Storage Tank Market Landscape

4.1 Market Overview

4.2 North America PEST Analysis

4.3 Ecosystem Analysis

5. North America LNG Storage Tank Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising LNG Trade across North America

5.1.2 Substantial Number of Market Players

5.2 Market Restraints

5.2.1 High Installation and Maintenance Expenses

5.3 Market Opportunities

5.3.1 Rising Usage of Floating Storage Regasification Unit (FSRU)

5.4 Future Trends

5.4.1 Acceptance of High Manganese Steel

5.5 Impact Analysis of Drivers and Restraints

6. LNG Storage Tank Market – North America Analysis

6.1 North America LNG Storage Tank Market Overview

6.2 North America LNG Storage Tank Market Revenue Forecast and Analysis

7. North America LNG Storage Tank Market Revenue and Forecast to 2028 – By Configuration

7.1 Overview

7.2 North America LNG Storage Tank Market, by Configuration (2020 & 2028)

7.3 Self-Supporting Tank

7.3.1 Overview

7.3.2 Self-Supporting Tank: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

7.4 Non-Self Supporting Tank

7.4.1 Overview

7.4.2 Non-Self Supporting Tank: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8. North America LNG Storage Tank Market Analysis and Forecast to 2028 – By Type

8.1 Overview

8.2 North America LNG Storage Tank Market, by Type (2020 & 2028)

8.3 LNG Carrier

8.3.1 Overview

8.3.2 LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8.3.2.1 IMO Type A

8.3.2.1.1 Overview

8.3.2.1.2 IMO Type A: LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8.3.2.2 IMO Type B

8.3.2.2.1 Overview

8.3.2.2.2 IMO Type B: LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8.3.2.3 IMO Type C

8.3.2.3.1 Overview

8.3.2.3.2 IMO Type C: LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8.4 LNG Fuelled Vessel

8.4.1 Overview

8.4.2 LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8.4.2.1 IMO Type A

8.4.2.1.1 Overview

8.4.2.1.2 IMO Type A: LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8.4.2.2 IMO Type B

8.4.2.2.1 Overview

8.4.2.2.2 IMO Type B: LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

8.4.2.3 IMO Type C

8.4.2.3.1 Overview

8.4.2.3.2 IMO Type C: LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

9. North America LNG Storage Tank Market Analysis and Forecast to 2028 – By Material

9.1 Overview

9.2 North America LNG Storage Tank Market, by Material (2020 & 2028)

9.3 Stainless Steel

9.3.1 Overview

9.3.2 Stainless Steel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

9.4 Aluminum Alloy

9.4.1 Overview

9.4.2 Aluminum Alloy: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

9.5 9% Nickel Steel

9.5.1 Overview

9.5.2 9% Nickel Steel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

9.6 Invar Alloy

9.6.1 Overview

9.6.2 Invar Alloy: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

9.7 C-MN Steel

9.7.1 Overview

9.7.2 C-MN Steel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

10. North America LNG Storage Tank Market – Country Analysis

10.1 Overview

10.1.1 North America: LNG Storage Tank Market, by Key Country

10.1.1.1 US: LNG Storage Tank Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 US: LNG Storage Tank Market, by Configuration

10.1.1.1.2 US: LNG Storage Tank Market, by Type

10.1.1.1.3 US: LNG Storage Tank Market, by Material

10.1.1.2 Canada: LNG Storage Tank Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Canada: LNG Storage Tank Market, by Configuration

10.1.1.2.2 Canada: LNG Storage Tank Market, by Type

10.1.1.2.3 Canada: LNG Storage Tank Market, by Material

10.1.1.3 Mexico: LNG Storage Tank Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Mexico: LNG Storage Tank Market, by Configuration

10.1.1.3.2 Mexico: LNG Storage Tank Market, by Type

10.1.1.3.3 Mexico: LNG Storage Tank Market, by Material

11. North America LNG Storage Tank Market - COVID-19 Impact Analysis

11.1 North America: Impact Assessment of COVID-19 Pandemic

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 New Product Development

13. Company Profiles

13.1 Chart Industries, Inc.

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 Cryolor

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 IHI Corporation

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 INOX India Pvt 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 ISISAN A.S

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 McDermott International, Inc.

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 Wärtsilä Corporation

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 LINDE

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 AIR WATER INC

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

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES

Table 1. North America LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: LNG Storage Tank Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3. US: LNG Storage Tank Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 4. US: LNG Storage Tank Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. US: LNG Storage Tank Market, by LNG Carrier – Revenue and Forecast to 2028 (US$ Million)

Table 6. US: LNG Storage Tank Market, by LNG Fuelled Vessel – Revenue and Forecast to 2028 (US$ Million)

Table 7. US: LNG Storage Tank Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 8. Canada: LNG Storage Tank Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 9. Canada: LNG Storage Tank Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: LNG Storage Tank Market, by LNG Carrier – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: LNG Storage Tank Market, by LNG Fuelled Vessel – Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada: LNG Storage Tank Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 13. Mexico: LNG Storage Tank Market, by Configuration – Revenue and Forecast to 2028 (US$ Million)

Table 14. Mexico: LNG Storage Tank Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. Mexico: LNG Storage Tank Market, by LNG Carrier – Revenue and Forecast to 2028 (US$ Million)

Table 16. Mexico: LNG Storage Tank Market, by LNG Fuelled Vessel – Revenue and Forecast to 2028 (US$ Million)

Table 17. Mexico: LNG Storage Tank Market, by Material – Revenue and Forecast to 2028 (US$ Million)

Table 18. List of Abbreviation

LIST OF FIGURES

Figure 1. North America LNG Storage Tank Market Segmentation

Figure 2. North America LNG Storage Tank Market Segmentation – By Country

Figure 3. North America LNG Storage Tank Market Overview

Figure 4. North America LNG Storage Tank Market, by Configuration

Figure 5. North America LNG Storage Tank Market, By Type

Figure 6. North America LNG Storage Tank Market, By Material

Figure 7. North America LNG Storage Tank Market, By Country

Figure 8. North America – PEST Analysis

Figure 9. North America LNG Storage Tank Market: Ecosystem Analysis

Figure 10. North America LNG Storage Tank Market Impact Analysis of Drivers and Restraints

Figure 11. North America LNG Storage Tank Market Revenue Forecast and Analysis (US$ Million)

Figure 12. North America LNG Storage Tank Market, by Configuration (2020 & 2028)

Figure 13. North America Self-Supporting Tank: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 14. North America Non-Self Supporting Tank: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America LNG Storage Tank Market, by Type (2020 & 2028)

Figure 16. North America LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America IMO Type A: LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America IMO Type B: LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 19. North America IMO Type C: LNG Carrier: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 20. North America LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 21. North America IMO Type A: LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 22. North America IMO Type B: LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 23. North America IMO Type C: LNG Fuelled Vessel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 24. North America LNG Storage Tank Market, by Material (2020 & 2028)

Figure 25. North America Stainless Steel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 26. North America Aluminum Alloy: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 27. North America 9% Nickel Steel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 28. North America Invar Alloy: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 29. North America C-MN Steel: LNG Storage Tank Market Revenue and Forecast to 2028 (US$ Million)

Figure 30. North America: LNG Storage Tank Market, by Key Country – Revenue (2020) (US$ Million)

Figure 31. North America: LNG Storage Tank Market Revenue Share, by Key Country (2020 & 2028)

Figure 32. US: LNG Storage Tank Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Canada: LNG Storage Tank Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Mexico: LNG Storage Tank Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Impact of COVID-19 Pandemic in North American Country Markets

Your Key Concerns Addressed - Question & Answer
Can I view a sample of the report before purchasing?

Yes! We provide a free sample of the report, which includes Report Scope (Table of Contents), report structure, and selected insights to help you assess the value of the full report. Please click on the "Download Sample" button or contact us to receive your copy.

Is analyst support included with the purchase?

Absolutely - analyst assistance is part of the package. You can connect with our analyst post-purchase to clarify report insights, methodology or discuss how the findings apply to your business needs.

What are the next steps once I place an order?

Once your order is successfully placed, you will receive a confirmation email along with your invoice.

• For published reports: You'll receive access to the report within 4-6 working hours via a secured email sent to your email.
• For upcoming reports: Your order will be recorded as a pre-booking. Our team will share the estimated release date and keep you informed of any updates. As soon as the report is published, it will be delivered to your registered email.

Can the report be tailored to suit my specific needs?

We offer customization options to align the report with your specific objectives. Whether you need deeper insights into a particular region, industry segment, competitor analysis, or data cut, our research team can tailor the report accordingly. Please share your requirements with us, and we'll be happy to provide a customized proposal or scope.

In what format is the report delivered?

The report is available in either PDF format or as an Excel dataset, depending on the license you choose.

The PDF version provides the full analysis and visuals in a ready-to-read format. The Excel dataset includes all underlying data tables for easy manipulation and further analysis.
Please review the license options at checkout or contact us to confirm which formats are included with your purchase.

How secure is the payment process on your platform?

Our payment process is fully secure and PCI-DSS compliant.

We use trusted and encrypted payment gateways to ensure that all transactions are protected with industry-standard SSL encryption. Your payment details are never stored on our servers and are handled securely by certified third-party processors.
You can make your purchase with confidence, knowing your personal and financial information is safe with us.

Do you provide special pricing for buying multiple reports?

Yes, we do offer special pricing for bulk purchases.
If you're interested in purchasing multiple reports, we're happy to provide a customized bundle offer or volume-based discount tailored to your needs. Please contact our sales team with the list of reports you're considering, and we'll share a personalized quote.

Can I connect with your team to discuss the report before buying?

Yes, absolutely.
Our team is available to help you make an informed decision. Whether you have questions about the report's scope, methodology, customization options, or which license suits you best, we're here to assist. Please reach out to us at sales@theinsightpartners.com, and one of our representatives will get in touch promptly.

Will I get a billing invoice upon purchase?

Yes, a billing invoice will be automatically generated and sent to your registered email upon successful completion of your purchase.
If you need the invoice in a specific format or require additional details (such as company name, GST, or VAT information), feel free to contact us, and we'll be happy to assist.

Is there support available if I can't access my report?

Yes, certainly.
If you encounter any difficulties accessing or receiving your report, our support team is ready to assist you. Simply reach out to us via email or live chat with your order information, and we'll ensure the issue is resolved quickly so you can access your report without interruption.

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.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.