The Pressure Vessel Market is expected to register a CAGR of 6.7% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The market is segmented into by Material, Type and End User Industry. The Material segment is divided into Steel Alloys, Other Alloys, Composites. Based on Type, the market is segmented into Boilers, Nuclear Reactors, Separators, Others. Based on End User, the market is segmented into Oil and Gas, Chemicals, Power Generation, Others.
Purpose of the ReportThe report Pressure Vessel Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Pressure Vessel Market Segmentation
Material- Steel Alloys
- Other Alloys
- Composites
- Boilers
- Nuclear Reactors
- Separators
- Others
- Oil and Gas
- Chemicals
- Power Generation
- Others
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Pressure Vessel Market Growth Drivers- Increasing Industrial Energy Need: The pressure vessel market is largely fueled by increasing energy demand. With increasing energy demands across the world, more pressure vessels in different applications, such as refining and power generation, become necessary. This, in turn, supports further growth of the pressure vessel market.
- Rules and Safety Standards: The rising stringent demands for safety and compliance by the oil and gas industry, the chemical industry, and the power-generating industries increase the demand for high-end pressure vessels. Business houses have to invest in advanced pressure vessels to meet them; which is yet again boosting the market growth
- Trend toward Sustainable Energy Solutions: The global pressure vessel market has experienced a significant influence from the trend toward sustainable and renewable energy sources. As businesses and industries look to incorporate cleaner technologies, there is increasing demand for pressure vessels that will support alternate energy applications in the future, such as hydrogen storage and biofuels.
- Trend Towards Customization and Modular Pressure Vessel Designs: Manufacturers are increasingly focusing on customization and modular designs for pressure vessels to meet specific client requirements. These solutions are aimed at improving operational efficiency and adaptability, catering to a wide range of industrial applications, and ensuring that pressure vessels can be tailored to diverse operational needs.
- Advancements in Materials and Technologies for Pressure Vessels: Innovations in materials and fabrication technologies present significant growth opportunities in the pressure vessel market. The use of lightweight materials and improved corrosion resistance enhances both efficiency and safety, making pressure vessels more attractive to customers seeking durable and high-performance solutions.
- Growth in Niche Markets: The region hosts rapid industrialization and urbanization with significant investments in infrastructure and energy projects. This is a large opportunity for pressure vessel manufacturers as they venture into these regions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Pressure Vessel Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Pressure Vessel Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The Pressure Vessel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage:by Material (Steel Alloys, Other Alloys, Composites); Type (Boilers, Nuclear Reactors, Separators, Others); End user Industry (Oil and Gas, Chemicals, Power Generation, Others) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 6.7% from 2023 to 2031
The major factors driving the pressure vesselmarket are: Increasing Industrial Energy Need
Babcock and Wilcox Enterprises Inc., Bharat Heavy Electricals Limited, Doosan Heavy Industries and Construction, General Electric Company, Halvorsen Company, Ihi Corporation, Larsen and Toubro Limited, Mitsubishi Heavy Industries Ltd., Pressure Vessels (India), Westinghouse Electric Company Llc.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Pressure Vessel Market - By Material
1.3.2Pressure Vessel Market - By Type
1.3.3Pressure Vessel Market - By End user Industry
1.3.4Pressure Vessel Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.PRESSURE VESSEL MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.PRESSURE VESSEL 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, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.PRESSURE VESSEL MARKET - GLOBAL MARKET ANALYSIS
6.1.PRESSURE VESSEL - GLOBAL MARKET OVERVIEW
6.2.PRESSURE VESSEL - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.PRESSURE VESSEL MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1.OVERVIEW
7.2.MATERIAL MARKET FORECASTS AND ANALYSIS
7.3.STEEL ALLOYS
7.3.1.Overview
7.3.2.Steel Alloys Market Forecast and Analysis
7.4.OTHER ALLOYS
7.4.1.Overview
7.4.2.Other Alloys Market Forecast and Analysis
7.5.COMPOSITES
7.5.1.Overview
7.5.2.Composites Market Forecast and Analysis
8.PRESSURE VESSEL MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1.OVERVIEW
8.2.TYPE MARKET FORECASTS AND ANALYSIS
8.3.BOILERS
8.3.1.Overview
8.3.2.Boilers Market Forecast and Analysis
8.4.NUCLEAR REACTORS
8.4.1.Overview
8.4.2.Nuclear Reactors Market Forecast and Analysis
8.5.SEPARATORS
8.5.1.Overview
8.5.2.Separators Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.PRESSURE VESSEL MARKET - REVENUE AND FORECASTS TO 2028 - END USER INDUSTRY
9.1.OVERVIEW
9.2.END USER INDUSTRY MARKET FORECASTS AND ANALYSIS
9.3.OIL AND GAS
9.3.1.Overview
9.3.2.Oil and Gas Market Forecast and Analysis
9.4.CHEMICALS
9.4.1.Overview
9.4.2.Chemicals Market Forecast and Analysis
9.5.POWER GENERATION
9.5.1.Overview
9.5.2.Power Generation Market Forecast and Analysis
9.6.OTHERS
9.6.1.Overview
9.6.2.Others Market Forecast and Analysis
10.PRESSURE VESSEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Pressure Vessel Market Overview
10.1.2North America Pressure Vessel Market Forecasts and Analysis
10.1.3North America Pressure Vessel Market Forecasts and Analysis - By Material
10.1.4North America Pressure Vessel Market Forecasts and Analysis - By Type
10.1.5North America Pressure Vessel Market Forecasts and Analysis - By End user Industry
10.1.6North America Pressure Vessel Market Forecasts and Analysis - By Countries
10.1.6.1Canada Pressure Vessel Market
10.1.6.1.1Canada Pressure Vessel Market by Material
10.1.6.1.2Canada Pressure Vessel Market by Type
10.1.6.1.3Canada Pressure Vessel Market by End user Industry
10.1.6.2Mexico Pressure Vessel Market
10.1.6.2.1Mexico Pressure Vessel Market by Material
10.1.6.2.2Mexico Pressure Vessel Market by Type
10.1.6.2.3Mexico Pressure Vessel Market by End user Industry
10.1.6.3US Pressure Vessel Market
10.1.6.3.1US Pressure Vessel Market by Material
10.1.6.3.2US Pressure Vessel Market by Type
10.1.6.3.3US Pressure Vessel Market by End user Industry
10.2.EUROPE
10.2.1Europe Pressure Vessel Market Overview
10.2.2Europe Pressure Vessel Market Forecasts and Analysis
10.2.3Europe Pressure Vessel Market Forecasts and Analysis - By Material
10.2.4Europe Pressure Vessel Market Forecasts and Analysis - By Type
10.2.5Europe Pressure Vessel Market Forecasts and Analysis - By End user Industry
10.2.6Europe Pressure Vessel Market Forecasts and Analysis - By Countries
10.2.6.1Germany Pressure Vessel Market
10.2.6.1.1Germany Pressure Vessel Market by Material
10.2.6.1.2Germany Pressure Vessel Market by Type
10.2.6.1.3Germany Pressure Vessel Market by End user Industry
10.2.6.2France Pressure Vessel Market
10.2.6.2.1France Pressure Vessel Market by Material
10.2.6.2.2France Pressure Vessel Market by Type
10.2.6.2.3France Pressure Vessel Market by End user Industry
10.2.6.3Italy Pressure Vessel Market
10.2.6.3.1Italy Pressure Vessel Market by Material
10.2.6.3.2Italy Pressure Vessel Market by Type
10.2.6.3.3Italy Pressure Vessel Market by End user Industry
10.2.6.4United Kingdom Pressure Vessel Market
10.2.6.4.1United Kingdom Pressure Vessel Market by Material
10.2.6.4.2United Kingdom Pressure Vessel Market by Type
10.2.6.4.3United Kingdom Pressure Vessel Market by End user Industry
10.2.6.5Russia Pressure Vessel Market
10.2.6.5.1Russia Pressure Vessel Market by Material
10.2.6.5.2Russia Pressure Vessel Market by Type
10.2.6.5.3Russia Pressure Vessel Market by End user Industry
10.2.6.6Rest of Europe Pressure Vessel Market
10.2.6.6.1Rest of Europe Pressure Vessel Market by Material
10.2.6.6.2Rest of Europe Pressure Vessel Market by Type
10.2.6.6.3Rest of Europe Pressure Vessel Market by End user Industry
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Pressure Vessel Market Overview
10.3.2Asia-Pacific Pressure Vessel Market Forecasts and Analysis
10.3.3Asia-Pacific Pressure Vessel Market Forecasts and Analysis - By Material
10.3.4Asia-Pacific Pressure Vessel Market Forecasts and Analysis - By Type
10.3.5Asia-Pacific Pressure Vessel Market Forecasts and Analysis - By End user Industry
10.3.6Asia-Pacific Pressure Vessel Market Forecasts and Analysis - By Countries
10.3.6.1Australia Pressure Vessel Market
10.3.6.1.1Australia Pressure Vessel Market by Material
10.3.6.1.2Australia Pressure Vessel Market by Type
10.3.6.1.3Australia Pressure Vessel Market by End user Industry
10.3.6.2China Pressure Vessel Market
10.3.6.2.1China Pressure Vessel Market by Material
10.3.6.2.2China Pressure Vessel Market by Type
10.3.6.2.3China Pressure Vessel Market by End user Industry
10.3.6.3India Pressure Vessel Market
10.3.6.3.1India Pressure Vessel Market by Material
10.3.6.3.2India Pressure Vessel Market by Type
10.3.6.3.3India Pressure Vessel Market by End user Industry
10.3.6.4Japan Pressure Vessel Market
10.3.6.4.1Japan Pressure Vessel Market by Material
10.3.6.4.2Japan Pressure Vessel Market by Type
10.3.6.4.3Japan Pressure Vessel Market by End user Industry
10.3.6.5South Korea Pressure Vessel Market
10.3.6.5.1South Korea Pressure Vessel Market by Material
10.3.6.5.2South Korea Pressure Vessel Market by Type
10.3.6.5.3South Korea Pressure Vessel Market by End user Industry
10.3.6.6Rest of Asia-Pacific Pressure Vessel Market
10.3.6.6.1Rest of Asia-Pacific Pressure Vessel Market by Material
10.3.6.6.2Rest of Asia-Pacific Pressure Vessel Market by Type
10.3.6.6.3Rest of Asia-Pacific Pressure Vessel Market by End user Industry
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Pressure Vessel Market Overview
10.4.2Middle East and Africa Pressure Vessel Market Forecasts and Analysis
10.4.3Middle East and Africa Pressure Vessel Market Forecasts and Analysis - By Material
10.4.4Middle East and Africa Pressure Vessel Market Forecasts and Analysis - By Type
10.4.5Middle East and Africa Pressure Vessel Market Forecasts and Analysis - By End user Industry
10.4.6Middle East and Africa Pressure Vessel Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Pressure Vessel Market
10.4.6.1.1South Africa Pressure Vessel Market by Material
10.4.6.1.2South Africa Pressure Vessel Market by Type
10.4.6.1.3South Africa Pressure Vessel Market by End user Industry
10.4.6.2Saudi Arabia Pressure Vessel Market
10.4.6.2.1Saudi Arabia Pressure Vessel Market by Material
10.4.6.2.2Saudi Arabia Pressure Vessel Market by Type
10.4.6.2.3Saudi Arabia Pressure Vessel Market by End user Industry
10.4.6.3U.A.E Pressure Vessel Market
10.4.6.3.1U.A.E Pressure Vessel Market by Material
10.4.6.3.2U.A.E Pressure Vessel Market by Type
10.4.6.3.3U.A.E Pressure Vessel Market by End user Industry
10.4.6.4Rest of Middle East and Africa Pressure Vessel Market
10.4.6.4.1Rest of Middle East and Africa Pressure Vessel Market by Material
10.4.6.4.2Rest of Middle East and Africa Pressure Vessel Market by Type
10.4.6.4.3Rest of Middle East and Africa Pressure Vessel Market by End user Industry
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Pressure Vessel Market Overview
10.5.2South and Central America Pressure Vessel Market Forecasts and Analysis
10.5.3South and Central America Pressure Vessel Market Forecasts and Analysis - By Material
10.5.4South and Central America Pressure Vessel Market Forecasts and Analysis - By Type
10.5.5South and Central America Pressure Vessel Market Forecasts and Analysis - By End user Industry
10.5.6South and Central America Pressure Vessel Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Pressure Vessel Market
10.5.6.1.1Brazil Pressure Vessel Market by Material
10.5.6.1.2Brazil Pressure Vessel Market by Type
10.5.6.1.3Brazil Pressure Vessel Market by End user Industry
10.5.6.2Argentina Pressure Vessel Market
10.5.6.2.1Argentina Pressure Vessel Market by Material
10.5.6.2.2Argentina Pressure Vessel Market by Type
10.5.6.2.3Argentina Pressure Vessel Market by End user Industry
10.5.6.3Rest of South and Central America Pressure Vessel Market
10.5.6.3.1Rest of South and Central America Pressure Vessel Market by Material
10.5.6.3.2Rest of South and Central America Pressure Vessel Market by Type
10.5.6.3.3Rest of South and Central America Pressure Vessel Market by End user Industry
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.PRESSURE VESSEL MARKET, KEY COMPANY PROFILES
12.1.BABCOCK AND WILCOX ENTERPRISES INC.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.BHARAT HEAVY ELECTRICALS LIMITED
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.DOOSAN HEAVY INDUSTRIES AND CONSTRUCTION
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.GENERAL ELECTRIC COMPANY
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.HALVORSEN COMPANY
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.IHI CORPORATION
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.LARSEN AND TOUBRO LIMITED
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.MITSUBISHI HEAVY INDUSTRIES LTD.
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.PRESSURE VESSELS (INDIA)
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.WESTINGHOUSE ELECTRIC COMPANY LLC.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
The List of Companies
1.Babcock and Wilcox Enterprises Inc.
2.Bharat Heavy Electricals Limited
3.Doosan Heavy Industries and Construction
4.General Electric Company
5.Halvorsen Company
6.Ihi Corporation
7.Larsen and Toubro Limited
8.Mitsubishi Heavy Industries Ltd.
9.Pressure Vessels (India)
10.Westinghouse Electric Company Llc.
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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