Vertical Axis Wind Turbine Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Vertical Axis Wind Turbine Market covers analysis By Type (Darrieus, Savonius, Giromill); Application (Residential, Commercial, Industrial) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00012279
  • Category : Energy and Power
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

Vertical-axis wind turbines, or VAWTs, are wind turbines with the primary rotor shaft situated vertically at the base and the primary components at the bottom. This layout allows the generator and gearbox to be located close to the ground, making service and repair easier. VAWTs do not need to be aimed toward the wind, obviating the necessity for wind detection and orientation devices. Vertical wind turbines on the axis provide various potential advantages over horizontal wind turbines, which are now widely deployed around the world.

MARKET SCOPE

The "Global Vertical Axis Wind Turbine Market Analysis to 2028" is a specialized and in-depth study of the Vertical axis wind turbine Market with a special focus on the global market trend analysis. The report aims to provide an overview of vertical axis wind turbine market with detailed market segmentation by type and application. The global vertical axis wind turbine market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vertical axis wind turbine market player and offers key trends and opportunities in the vertical axis wind turbine market.

MARKET SEGMENTATION

  •   Based on type the market is segmented as, DARRIEUS, SAVONIUS and GIROMILL.
  •   Further, on the basis of application the market is segmented as, residential, commercial and industrial.

    MARKET DYNAMICS

    Drivers

    •   Rising awareness about renewable energy focus across the globe.
    •   Growing concentration of key players on renewable energy installation is likely to propel market growth during the forecast period.
    •   Ongoing research and development activities in manufacturing and construction sector.

    Restraints

    •   The vertical axis wind turbine market is restrained by high cost associated with installation of vertical axis wind turbines.

    REGIONAL FRAMEWORK

    The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global vertical axis wind turbine market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vertical axis wind turbine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

    The report analyzes factors affecting vertical axis wind turbine Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the vertical axis wind turbine market in these regions.

    IMPACT OF COVID-19 ON VERTICAL AXIS WIND TURBINE MARKET
    COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

    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 overview and forecast of the global vertical axis wind turbine market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vertical axis wind turbine market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

    The report analyzes factors affecting vertical axis wind turbine Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the vertical axis wind turbine market in these regions.

    IMPACT OF COVID-19 ON VERTICAL AXIS WIND TURBINE MARKET
    COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

    MARKET PLAYERS

    The reports cover key developments in the vertical axis wind turbine market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from vertical axis wind turbine market are anticipated to lucrative growth opportunities in the future with the rising demand for vertical axis wind turbine market. Below mentioned is the list of few companies engaged in the vertical axis wind turbine market.

    The report also includes the profiles of key vertical axis wind turbine market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

    •   Aeolos Wind Energy Ltd
    •   Aerotecture International Inc
    •   ArborWind
    •   Bergey Windpower Co.
    •   IYSERT ENERGY
    •   Oy Windside Production Ltd
    •   V-Air
    •   Vertogen Ltd
    •   VWT Power Ltd
    •   Zkenergy Science and Technology CO.,LTD.

    The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
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 Vertical Axis Wind Turbine Market - By Type
1.3.2 Vertical Axis Wind Turbine Market - By Application
1.3.3 Vertical Axis Wind Turbine Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. VERTICAL AXIS WIND TURBINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. VERTICAL AXIS WIND TURBINE 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. VERTICAL AXIS WIND TURBINE MARKET - GLOBAL MARKET ANALYSIS
6.1. VERTICAL AXIS WIND TURBINE - GLOBAL MARKET OVERVIEW
6.2. VERTICAL AXIS WIND TURBINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. VERTICAL AXIS WIND TURBINE MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. DARRIEUS
7.3.1. Overview
7.3.2. Darrieus Market Forecast and Analysis
7.4. SAVONIUS
7.4.1. Overview
7.4.2. Savonius Market Forecast and Analysis
7.5. GIROMILL
7.5.1. Overview
7.5.2. Giromill Market Forecast and Analysis
8. VERTICAL AXIS WIND TURBINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. Residential Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. Industrial Market Forecast and Analysis

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

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. VERTICAL AXIS WIND TURBINE MARKET, KEY COMPANY PROFILES
11.1. AEOLOS WIND ENERGY LTD
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. AEROTECTURE INTERNATIONAL INC.
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. ARBORWIND
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. BERGEY WINDPOWER CO.
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. IYSERT ENERGY
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. OY WINDSIDE PRODUCTION LTD
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. V-AIR
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. VERTOGEN LTD
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. VWT POWER LTD
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. ZKENERGY SCIENCE AND TECHNOLOGY CO.,LTD.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Aeolos Wind Energy Ltd
2. Aerotecture International Inc.
3. ArborWind
4. Bergey Windpower Co.
5. IYSERT ENERGY
6. Oy Windside Production Ltd
7. V-Air
8. Vertogen Ltd
9. VWT Power Ltd
10. Zkenergy Science and Technology CO.,LTD.

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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