Advanced Energy Storage Systems Market by Technology - Global Industry Analysis and Forecast to 2022

Published On : October 2017 Pages : 125 Category: Energy & Mining Report Code : EM10259

Industry Outlook and Trend Analysis

The global Advanced Energy Storage Systems market was worth USD 1.51 billion in the year of 2017 and is expected to reach approximately USD 3.42 billion by 2022, while registering itself at a compound annual growth rate (CAGR) of 7.63% during the forecast period. Rising power utilization on everyday basis combined with expanding vitality supply-demand void has brought about the high requirement for storage limit increments. The measure of electricity produced is settled over a period wherein the request continues to fluctuate. Management of energy, to meet network demands for utility-scale measured tasks at peak circumstances, is the need of the day and therefore is relied upon to boost advanced energy storage systems market. Expanding R&D associated with rising number of substitute energy sources is relied upon to bring about a discontinuous requirement for advanced energy storage in this manner enlarging storage systems market over the conjecture time frame. Advanced energy storage systems have a tendency to successfully deal with the stream of energy resources in hence decreasing the quantity of energy plants which is required to be a key driving variable for market development. High costs of energy have brought about switching inclinations to advanced storage systems among customers enabling them to manage electricity on real time basis by making the use of Load shifting Technique. Increasing issues regarding the emissions of GHG and CO2 can be managed by advanced energy storage hence bringing about enlarged requirement. Moreover, different factors including the utility transmission, arrangement of backup power for critical loads, and constraints in distribution and empowering productive deployment of charging stations for electric vehicles are relied upon to boost the market demand. Advanced energy storage innovations can be categorized as mechanical, chemical, electrochemical, biological, electrical, thermal systems. Chemical systems comprise hydrogen, power to gas, biofuels, vanadium pentoxide, hydrated salts and liquid nitrogen. Electrochemical systems comprise flow and battery that is rechargeable, wherein, biological comprise glycogen and starch. Mechanical systems contain locomotive, hydraulic accumulator, hydroelectric energy storage, Compressed Air Energy Storage (CAES) and fireless. Electrical systems include Superconducting Magnetic Energy Storage (SMES) and super capacitors. Thermal technology comprises steam accumulator, solar pond, seasonal thermal energy storage, thermal energy storage, ice storage and molten salt. The lack of commercial practicality of advanced energy storage systems for distributed energy generation is relied upon to challenge market development in the following years.

Advanced Energy Storage Systems Market

Technology Outlook and Trend Analysis

On the basis of capacity thermal energy storage technology was the biggest that represented 40 percent of the total market due to high efficiency and capturing and storing of energy for utilization after a specific period. The surplus energy created solar thermal power plants amid the day is stocked as pumped warm, fluid air or hydrogen and is utilized later around evening time to drive a turbine that produces power. Flow and rechargeable batteries are in their early stages with a few advancements by market members concentrating on expanding scope of application. Redox, ICB, VRB, ZNBR are flow batteries, while LI-ION, NI-CD and NAS are solid state batteries. The requirement for batteries is anticipated to encounter a huge increment attributable to simple charging properties combined with re-stimulation of the electrolyte fluid bringing about low wastage. Flywheel technology is anticipated to encounter substantial development owing to quality enhancement, constant supply of power to the grid coupled with quick response and frequency regulation concerning electricity.

Regional Outlook and Trend Analysis

With the advent of sustainable power source including solar  PV and twist in high development markets of United States, Germany, Japan and Italy, requirement for advanced energy storage systems is anticipated to essentially ascend over the conjecture time frame. North America and Europe held a large share of the market inferable from more significant installed capacities. Owing to rising demand of energy Asia Pacific is anticipated to witness significant demand. The advanced energy market in the United States registered for more than 15 percent USD 1.3 trillion global markets which is a major reason for high demand of energy storage from North America.

Competitive Insights

The Global advanced energy storage systems market is exceptionally divided attributable to the existence of various members that provide various storage advancements. The market is portrayed by ceaseless R&D by major players that include Altairnano, AES Energy Storage, LG Chem, Alevo and General Electric. Altairnano created Li-Ti batteries with the aim to alleviate issues associated with frequency regulation. Additionally, joint endeavors and assentions are an essential part of the overall market with significant organizations teaming up to create application scope.

The global advanced energy storage systems market is segmented as follows

By Technology:

  • Battery technology
  • Compressed air technology
  • Flywheel technology
  • Thermal technology
  • Molten salt technology

By Region:

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2017 and forecast from 2017 to 2022?
  • What will be the industry market growth from 2017 to 2022?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

 

Market Classification

  • Advanced Energy Storage Systems Market, By Technology, Estimates and Forecast, 2012-2022 ($Million)
  • Battery technology
  • Compressed air technology
  • Flywheel technology
  • Thermal technology
  • Molten salt technology
  • Advanced Energy Storage Systems Market, By Region, Estimates and Forecast, 2012-2022 ($Million)
    • North America
  • North America Advanced Energy Storage Systems Market, By Country
  • North America Advanced Energy Storage Systems Market, By Technology
    • U.S. Advanced Energy Storage Systems Market, By Technology
    • Canada Advanced Energy Storage Systems Market, By Technology
    • Mexico Advanced Energy Storage Systems Market, By Technology
    • Europe
  • Europe Advanced Energy Storage Systems Market, By Country
  • Europe Advanced Energy Storage Systems Market, By Technology
    • Germany Advanced Energy Storage Systems Market, By Technology
    • France Advanced Energy Storage Systems Market, By Technology
    • UK Advanced Energy Storage Systems Market, By Technology
    • Italy Advanced Energy Storage Systems Market, By Technology
    • Spain Advanced Energy Storage Systems Market, By Technology
    • Rest of Europe Advanced Energy Storage Systems Market, By Technology
    • Asia-Pacific
      • Asia-Pacific Advanced Energy Storage Systems Market, By Country
      • Asia-Pacific Advanced Energy Storage Systems Market, By Technology
        • Japan Advanced Energy Storage Systems Market, By Technology
        • Australia Advanced Energy Storage Systems Market, By Technology
        • India Advanced Energy Storage Systems Market, By Technology
        • South Korea Advanced Energy Storage Systems Market, By Technology
        • Rest of Asia-Pacific Advanced Energy Storage Systems Market, By Technology
    • Rest of the World
      • Rest of the World Advanced Energy Storage Systems Market, By Country
      • Rest of the World Advanced Energy Storage Systems Market, By Technology
        • Brazil Advanced Energy Storage Systems Market, By Technology
        • South Africa Advanced Energy Storage Systems Market, By Technology
        • Saudi Arabia Advanced Energy Storage Systems Market, By Technology
        • Turkey Advanced Energy Storage Systems Market, By Technology
        • United Arab Emirates Advanced Energy Storage Systems Market, By Technology
        • Others Advanced Energy Storage Systems Market, By Technology

Table of Contents

1.      Introduction

1.1.      Report Description

1.2.      Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

2.      Executive Summary

2.1.      Key Highlights

3.      Market Overview

3.1.      Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2.      Market Dynamics

3.2.1. Drivers

3.2.1.1.   Rising demand of advanced energy

3.2.1.2.   Growing Renewable Energy Investments

3.2.1.3.   Electrification of Automobile and Transport sector

3.2.2. Restraints

3.2.2.1.   High Capital Spending

3.2.3. Opportunities

3.2.3.1.   Rising Opportunity for Residential and Commercial Applications

4.      Advanced Energy Storage Systems Market, By Technology

4.1.      Introduction

4.2.      Advanced Energy Storage Systems Market Assessment and Forecast, By Technology, 2012-2022

4.3.      Battery technology

4.3.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.4.      Compressed air technology

4.4.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.5.      Flywheel technology

4.5.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.6.      Thermal technology

4.6.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

4.7.      Molten salt technology

4.7.1. Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.      Advanced Energy Storage Systems Market, By Region

5.1.      Introduction

5.2.      Advanced Energy Storage Systems Market Assessment and Forecast, By Region, 2012-2022 ($Million)

5.3.      North America

5.3.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.3.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.3.2.1.   U.S.

5.3.2.1.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.3.2.2.   Canada

5.3.2.2.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.3.2.3.   Mexico

5.3.2.3.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.4.      Europe

5.4.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.4.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.4.2.1.   Germany

5.4.2.1.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.4.2.2.   France

5.4.2.2.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.4.2.3.   UK

5.4.2.3.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.4.2.4.   Italy

5.4.2.4.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.4.2.5.   Spain

5.4.2.5.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.4.2.6.   Rest of Europe

5.4.2.6.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.5.      Asia-Pacific

5.5.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.5.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.5.2.1.   Japan

5.5.2.1.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.5.2.2.   China

5.5.2.2.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.5.2.3.   Australia

5.5.2.3.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.5.2.4.   India

5.5.2.4.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.5.2.5.   South Korea

5.5.2.5.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.5.2.6.   Rest of Asia-Pacific

5.5.2.6.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.6.      Rest of the World

5.6.1. Market Assessment and Forecast, By Country, 2012-2022 ($Million)

5.6.2. Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.6.2.1.   Brazil

5.6.2.1.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.6.2.2.   Turkey

5.6.2.2.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.6.2.3.   Saudi Arabia

5.6.2.3.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.6.2.4.   South Africa

5.6.2.4.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.6.2.5.   United Arab Emirates

5.6.2.5.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

5.6.2.6.   Others

5.6.2.6.1.   Market Assessment and Forecast, By Technology, 2012-2022 ($Million)

6.      Company Profiles

6.1.      The AES Corporation

6.1.1. Business Overview

6.1.2. Product Portfolio

6.1.3. Key Financials

6.1.4. Strategic Developments

6.2.      Hitachi Consulting Corporation

6.2.1. Business Overview

6.2.2. Product Portfolio

6.2.3. Key Financials

6.2.4. Strategic Developments

6.3.      Alevo Group S.A.

6.3.1. Business Overview

6.3.2. Product Portfolio

6.3.3. Strategic Developments

6.4.      EnSync Energy Systems

6.4.1. Business Overview

6.4.2. Product Portfolio

6.4.3. Key Financials

6.4.4. Strategic Developments

6.5.      EXIDE INDUSTRIES LTD

6.5.1. Business Overview

6.5.2. Product Portfolio

6.5.3. Key Financials

6.5.4. Strategic Developments

6.6.      Maxwell Technologies Inc.

6.6.1. Business Overview

6.6.2. Product Portfolio

6.6.3. Key Financials

6.6.4. Strategic Developments

6.7.      LG Chem Ltd.

6.7.1. Business Overview

6.7.2. Product Portfolio

6.7.3. Key Financials

6.7.4. Strategic Developments

6.8.      Saft Groupe S.A.

6.8.1. Business Overview

6.8.2. Product Portfolio

6.8.3. Strategic Developments

6.9.      Nippon Chemi-Con Corporation

6.9.1. Business Overview

6.9.2. Product Portfolio

6.9.3. Key Financials

6.9.4. Strategic Developments

6.10.   Aquion Energy

6.10.1.    Business Overview

6.10.2.    Product Portfolio

6.10.3.    Strategic Developments

6.11.   Altair Nanotechnologies Inc.

6.11.1.    Business Overview

6.11.2.    Product Portfolio

6.11.3.    Strategic Developments

6.12.   Active Power Inc. (acquired by Langley Holdings PLC)

6.12.1.    Business Overview

6.12.2.    Product Portfolio

6.12.3.    Key Financials

6.12.4.    Strategic Developments

6.13.   Enersys

6.13.1.    Business Overview

6.13.2.    Product Portfolio

6.13.3.    Key Financials

6.13.4.    Strategic Developments

6.14.   Toshiba America Energy Systems

6.14.1.    Business Overview

6.14.2.    Product Portfolio

6.14.3.    Key Financials

6.14.4.    Strategic Developments

6.15.   Greensmith Energy Management Systems

6.15.1.    Business Overview

6.15.2.    Product Portfolio

6.15.3.    Strategic Developments

6.16.   Energizer Holdings, Inc.

6.16.1.    Business Overview

6.16.2.    Product Portfolio

6.16.3.    Key Financials

 

6.16.4.    Strategic Developments


List of Tables

Table 1.Advanced Energy Storage Systems Market, By Technology ($Million), 2012-2022
Table 2.Battery technology Market, By Region ($Million), 2012-2022
Table 3.Compressed air technology Market, By Region ($Million), 2012-2022
Table 4.Flywheel technology Market, By Region ($Million), 2012-2022
Table 5.Thermal technology Market, By Region ($Million), 2012-2022
Table 6.Molten salt technology Market, By Region ($Million), 2012-2022
Table 7.North America Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 8.North America Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 9.U.S. Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 10.Canada Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 11.Mexico Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 12.Europe Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 13.Europe Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 14.Germany Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 15.France Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 16.UK Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 17.Italy Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 18.Spain Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 20.Rest of Europe Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 21.Asia-Pacific Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 22.Asia-Pacific Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 23.Japan Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 24.China Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 25.Australia Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 26.India Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 27.South Korea Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 29.Rest of Asia-Pacific Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 30.Rest of the World Advanced Energy Storage Systems Market, By Country, 2012-2022 ($Million)
Table 31.Rest of the World Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 32.Brazil Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 33.Turkey Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 34.Saudi Arabia Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 35.South Africa Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 36.United Arab Emirates Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 37.Others Advanced Energy Storage Systems Market, By Technology, 2012-2022 ($Million)
Table 38.The AES Corporation: Key Strategic Developments, 2017-2017
Table 39.Hitachi Consulting Corporation: Key Strategic Developments, 2017-2017
Table 40.Alevo Group S.A.: Key Strategic Developments, 2017-2017
Table 41.EnSync Energy Systems: Key Strategic Developments, 2017-2017
Table 42.EXIDE INDUSTRIES LTD: Key Strategic Developments, 2017-2017
Table 43.Maxwell Technologies Inc.: Key Strategic Developments, 2017-2017
Table 44.LG Chem Ltd.: Key Strategic Developments, 2017-2017
Table 45.Saft Groupe S.A.: Key Strategic Developments, 2017-2017
Table 46.Nippon Chemi-Con Corporation: Key Strategic Developments, 2017-2017
Table 47.Aquion Energy: Key Strategic Developments, 2017-2017
Table 48.Altair Nanotechnologies Inc.: Key Strategic Developments, 2017-2017
Table 49.Active Power Inc.: Key Strategic Developments, 2017-2017
Table 50.Enersys: Key Strategic Developments, 2017-2017
Table 51.Toshiba America Energy Systems: Key Strategic Developments, 2017-2017
Table 52.Greensmith Energy Management Systems: Key Strategic Developments, 2017-2017
Table 53.Energizer Holdings, Inc.: Key Strategic Developments, 2017-2017


List of Figures

Figure 1.Advanced Energy Storage Systems Market Share, By Technology, 2012 & 2022 ($Million)
Figure 2.Advanced Energy Storage Systems Market, By Region, 2017, ($Million)
Figure 3.The AES Corporation: Net Revenues, 2017-2017 ($Million)
Figure 4.The AES Corporation: Net Revenue Share, By Segment, 2017
Figure 5.The AES Corporation: Net Revenue Share, By Geography, 2017
Figure 6.Hitachi Consulting Corporation: Net Revenues, 2017-2017 ($Million)
Figure 7.Hitachi Consulting Corporation: Net Revenue Share, By Segment, 2017
Figure 8.Hitachi Consulting Corporation: Net Revenue Share, By Geography, 2017
Figure 9.EnSync Energy Systems: Net Revenues, 2017-2017 ($Million)
Figure 10.EnSync Energy Systems: Net Revenue Share, By Segment, 2017
Figure 11.EnSync Energy Systems: Net Revenue Share, By Geography, 2017
Figure 12.EXIDE INDUSTRIES LTD: Net Revenues, 2017-2017 ($Million)
Figure 13.EXIDE INDUSTRIES LTD: Net Revenue Share, By Segment, 2017
Figure 14.EXIDE INDUSTRIES LTD: Net Revenue Share, By Geography, 2017
Figure 15.Maxwell Technologies Inc.: Net Revenues, 2017-2017 ($Million)
Figure 16.Maxwell Technologies Inc.: Net Revenue Share, By Segment, 2017
Figure 17.Maxwell Technologies Inc.: Net Revenue Share, By Geography, 2017
Figure 18.LG Chem Ltd.: Net Revenues, 2017-2017 ($Million)
Figure 19.LG Chem Ltd.: Net Revenue Share, By Segment, 2017
Figure 20.LG Chem Ltd.: Net Revenue Share, By Geography, 2017
Figure 21.Nippon Chemi-Con Corporation: Net Revenues, 2017-2017 ($Million)
Figure 22.Nippon Chemi-Con Corporation: Net Revenue Share, By Segment, 2017
Figure 23.Nippon Chemi-Con Corporation: Net Revenue Share, By Geography, 2017
Figure 24.Active Power Inc. (acquired by Langley Holdings PLC): Net Revenues, 2017-2017 ($Million)
Figure 25.Active Power Inc. (acquired by Langley Holdings PLC): Net Revenue Share, By Segment, 2017
Figure 26.Active Power Inc. (acquired by Langley Holdings PLC): Net Revenue Share, By Geography, 2017
Figure 27.Enersys: Net Revenues, 2017-2017 ($Million)
Figure 28.Enersys: Net Revenue Share, By Segment, 2017
Figure 29.Enersys: Net Revenue Share, By Geography, 2017
Figure 30.Toshiba America Energy Systems: Net Revenues, 2017-2017 ($Million)
Figure 31.Toshiba America Energy Systems: Net Revenue Share, By Segment, 2017
Figure 32.Toshiba America Energy Systems: Net Revenue Share, By Geography, 2017
Figure 33.Greensmith Energy Management Systems: Net Revenues, 2017-2017 ($Million)
Figure 34.Greensmith Energy Management Systems: Net Revenue Share, By Segment, 2017
Figure 35.Greensmith Energy Management Systems: Net Revenue Share, By Geography, 2017
Figure 36.Energizer Holdings, Inc.: Net Revenues, 2017-2017 ($Million)
Figure 37.Energizer Holdings, Inc.: Net Revenue Share, By Segment, 2017
Figure 38.Energizer Holdings, Inc.: Net Revenue Share, By Geography, 2017

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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