Distributed Energy Generation By Type And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 105 Category: Equipment Machine & Tooling Report Code : ME06831
Industry Outlook & Trend Analysis
The Distributed Energy Generation market was worth USD 126.67 billion in 2017 and is expected to reach approximately USD 439.37 billion by 2023 at a CAGR of 14.82%. In comparison with the conventional systems, DEG systems are more cost-effective, safe and eco-friendly. The DEG market is driven by escalating energy demands of consumers due to technological innovations. Additionally, the urge to restrain the increasing global warming and greenhouse gas emissions are further advancing the market development. The DEG systems are decentralized, modular & flexible. Since these stations are located close to the load they serve, the cost of energy transmission can be reduced contrasting to the conventional power stations.
Type Outlook & Trend Analysis
Based on type, the DEG Market is fragmented as Combined Heat Power (CHP), Fuel cells, Hybrid Power Stations, Micro CHP, Micro turbines, Photovoltaic (PV) cells, reciprocating engines, small wind power plants, Micro turbines, Sterling engines or a combination of any of the above. Amongst these CHP & PV technology are major contributors to the DEG market segment followed by wind power, Micro turbines & fuel cells. With expanding interest for clean energy, the renewable resources section is foreseen to rule the DEG market in coming years.
Application Outlook & Trend Analysis
The Distributed Energy Generation Market is categorized into On-Grid and Off-Grid on the basis of application. The On-Grid application has no storage while the Off-Grid type can store and supply electricity on demand. The On-Grid type holds a major share and has dominated the DEG market. The Off-grid systems are foreseen to have a substantial growth during forecast period due to its ability to provide electricity to remote rural areas.
Regional Outlook & Trend Analysis
Owing to abundant investments made by manufacturers and government schemes for reducing carbon emissions, Europe has dominated the DEG market and is expected to hold a high demand in coming years. Due to increasing demand and lack of electricity in rural areas of developing countries in its region, Asia-Pacific will observe a substantial growth during the forecast period. North America is predicted to hold third biggest share due to increasing demand for power supply from its industrial section.
Competitive Insights
The leading players in market are E.ON SE, Capstone Turbine Corporation, Ballard Power Systems, General Electric (GE), Vestas Wind Systems A/S, SIEMENS AG, Bloom Energy and Caterpillar Power Plants. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Distributed Energy Generation Market is segmented as follows-
By Type:
- Combined Heat Power (CHP)
- Fuel cells
- Hybrid Power Stations
- Micro CHP
- Micro turbines
- Photovoltaic (PV) cells
- Reciprocating engines
- Small wind power plants
- Micro turbines
- Sterling engines
By Application:
- On-Grid
- Off-Grid
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Columbia
- South Africa
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Nigeria
- South Africa
- Rest of MEA
Some of the key questions answered by the report are:
- What was the market size in 2017 and forecast from 2017 to 2023?
- What will be the industry market growth from 2017 to 2023?
- 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
· Distributed Energy Generation Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
o Combined Heat Power (CHP)
o Fuel Cells
o Micro CHP
o Micro Turbines
o Photovoltaic (PV) Cells
o Reciprocating Engines
o Small Wind Power Plants
o Sterling Engines
· Distributed Energy Generation Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
o On-Grid
o Off-Grid
· Distributed Energy Generation Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
o North America
§ North America Distributed Energy Generation Market, By Country
o U.S. Distributed Energy Generation Market
o Canada Distributed Energy Generation Market
o Mexico Distributed Energy Generation Market
o Europe
§ Europe Distributed Energy Generation Market, By Country
o Germany Distributed Energy Generation Market
o UK Distributed Energy Generation Market
o France Distributed Energy Generation Market
o Russia Distributed Energy Generation Market
o Italy Distributed Energy Generation Market
o Rest of Europe Distributed Energy Generation Market
o Asia-Pacific
§ Asia-Pacific Distributed Energy Generation Market, By Country
o China Distributed Energy Generation Market
o Japan Distributed Energy Generation Market
o South Korea Distributed Energy Generation Market
o India Distributed Energy Generation Market
o Southeast Asia Distributed Energy Generation Market
o Rest of Asia-Pacific Distributed Energy Generation Market
o South America
§ South America Distributed Energy Generation Market
o Brazil Distributed Energy Generation Market
o Argentina Distributed Energy Generation Market
o Columbia Distributed Energy Generation Market
o South Africa Distributed Energy Generation Market
o Rest of South America Distributed Energy Generation Market
o Middle East and Africa
§ Middle East and Africa Distributed Energy Generation Market
o Saudi Arabia Distributed Energy Generation Market
o UAE Distributed Energy Generation Market
o Egypt Distributed Energy Generation Market
o Nigeria Distributed Energy Generation Market
o South Africa Distributed Energy Generation Market
o Rest of MEA Distributed Energy Generation Market
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. Growing Focus on Green Technology
3.2.1.2. Rising Awareness about Carbon-Footprint
3.2.1.3. New Innovative Technology to Increase Price Competent
3.2.2. Restraints
3.2.2.1. High Cost of Implementation
3.2.2.2. Climate Dependent Systems
3.2.3. Opportunities
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
3.2.3.2. Advancement of Eco-Friendly Distributed Energy System
4. Market Analysis by Regions
4.1. North America (United States, Canada and Mexico)
4.1.1. United States Market States and Outlook (2017-2023)
4.1.2. Canada Market States and Outlook (2017-2023)
4.1.3. Mexico Market States and Outlook (2017-2023)
4.2. Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
4.2.1. Germany Market States and Outlook (2017-2023)
4.2.2. France Market States and Outlook (2017-2023)
4.2.3. UK Market States and Outlook (2017-2023)
4.2.4. Russia Market States and Outlook (2017-2023)
4.2.5. Italy Market States and Outlook (2017-2023)
4.2.6. Rest of Europe Market States and Outlook (2017-2023)
4.3. Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Rest of Asia-Pacific)
4.3.1. China Market States and Outlook (2017-2023)
4.3.2. Japan Market States and Outlook (2017-2023)
4.3.3. Korea Market States and Outlook (2017-2023)
4.3.4. India Market States and Outlook (2017-2023)
4.3.5. Rest of Asia-Pacific Market States and Outlook (2017-2023)
4.4. South America (Brazil, Argentina, Columbia and Rest of South America)
4.4.1. Brazil Market States and Outlook (2017-2023)
4.4.2. Argentina Market States and Outlook (2017-2023)
4.4.3. Columbia Market States and Outlook (2017-2023)
4.4.4. Rest of South America Market States and Outlook (2017-2023)
4.5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of MEA)
4.5.1. Saudi Arabia Market States and Outlook (2017-2023)
4.5.2. UAE Market States and Outlook (2017-2023)
4.5.3. Egypt Market States and Outlook (2017-2023)
4.5.4. Nigeria Market States and Outlook (2017-2023)
4.5.5. South Africa Market States and Outlook (2017-2023)
4.5.6. Rest of MEA Market States and Outlook (2017-2023)
5. Distributed Energy Generation Market, By Type
5.1. Introduction
5.2. Global Distributed Energy Generation Sales, Revenue and Market Share By Type (2017-2027)
5.2.1. Global Distributed Energy Generation Sales and Sales Share By Type (2017-2027)
5.2.2. Global Distributed Energy Generation Revenue and Revenue Share By Type (2017-2027)
5.3. Combined Heat Power (CHP)
5.3.1. Global Combined Heat Power (CHP) Sales and Growth Rate (2017-2027)
5.4. Fuel cells
5.4.1. Global Fuel cells Sales and Growth Rate (2017-2027)
5.5. Micro CHP
5.5.1. Global Micro CHP Sales and Growth Rate (2017-2027)
5.6. Micro turbines
5.6.1. Global Micro turbines Sales and Growth Rate (2017-2027)
5.7. Photovoltaic (PV) cells
5.7.1. Global Photovoltaic (PV) cells Sales and Growth Rate (2017-2027)
5.8. Reciprocating engines
5.8.1. Global Reciprocating engines Sales and Growth Rate (2017-2027)
5.9. Small Wind Power Plants
5.9.1. Global Small Wind Power Plants Sales and Growth Rate (2017-2027)
5.10. Sterling Engines
5.10.1. Global Stirling Engines Sales and Growth Rate (2017-2027)
6. Distributed Energy Generation Market, By Application
6.1. Introduction
6.2. Global Distributed Energy Generation Sales, Revenue and Market Share By Application (2017-2027)
6.2.1. Global Distributed Energy Generation Sales and Sales Share By Application (2017-2027)
6.2.2. Global Distributed Energy Generation Revenue and Revenue Share By Application (2017-2027)
6.3. On-Grid
6.3.1. Global On-Grid Sales and Growth Rate (2017-2027)
6.4. Off-Grid
6.4.1. Global Off-Grid Sales and Growth Rate (2017-2027)
7. Distributed Energy Generation Market, By Region
7.1. Introduction
7.2. Global Distributed Energy Generation Sales, Revenue and Market Share by Regions
7.2.1. Global Distributed Energy Generation Sales by Regions (2017-2027)
7.2.2. Global Distributed Energy Generation Revenue by Regions (2017-2027)
7.3. North America Distributed Energy Generation by Countries
7.3.1. North America Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.3.2. North America Distributed Energy Generation Revenue and Growth Rate (2017-2027)
7.3.3. North America Distributed Energy Generation Sales by Countries (2017-2027)
7.3.4. North America Distributed Energy Generation Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.3.5.2. United States Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Distributed Energy Generation Sales (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Distributed Energy Generation by Countries
7.4.1. Europe Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.4.2. Europe Distributed Energy Generation Revenue and Growth Rate (2017-2027)
7.4.3. Europe Distributed Energy Generation Sales by Countries (2017-2027)
7.4.4. Europe Distributed Energy Generation Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.4.6.2. UK Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.4.7.2. France Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Distributed Energy Generation Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Distributed Energy Generation Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Distributed Energy Generation Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.5.5.2. China Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.7. Korea
7.5.7.1. Korea Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.5.8.2. India Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.6.2. South America Distributed Energy Generation Revenue and Growth Rate (2017-2027)
7.6.3. South America Distributed Energy Generation Sales by Countries (2017-2027)
7.6.4. South America Distributed Energy Generation Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Distributed Energy Generation Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Distributed Energy Generation Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Distributed Energy Generation Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.10. Rest of Middle East and Africa
7.7.10.1. Rest of Middle East and Africa Distributed Energy Generation Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Distributed Energy Generation Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. E.ON SE
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. Capstone Turbine Corporation
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Capstone Turbine Corporation
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Ballard Power Systems
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. General Electric (GE)
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Vestas Wind Systems A/S
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. SIEMENS AG
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Bloom Energy
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Caterpillar Power Plants
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
9. Global Distributed Energy Generation Market Competition, by Manufacturer
9.1. Global Distributed Energy Generation Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Distributed Energy Generation Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Distributed Energy Generation Price by Manufacturer (2017-2017)
9.4. Top 5 Distributed Energy Generation Manufacturer Market Share
9.5. Market Competition Trend
10. Distributed Energy Generation Market Forecast (2027-2023)
10.1. Global Distributed Energy Generation Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Distributed Energy Generation Market Forecast by Regions (2027-2023)
10.2.1. North America Distributed Energy Generation Market Forecast (2027-2023)
10.2.1.1. United States Distributed Energy Generation Market Forecast (2027-2023)
10.2.1.2. Canada Distributed Energy Generation Market Forecast (2027-2023)
10.2.1.3. Mexico Distributed Energy Generation Market Forecast (2027-2023)
10.2.2. Europe Distributed Energy Generation Market Forecast (2027-2023)
10.2.2.1. Germany Distributed Energy Generation Market Forecast (2027-2023)
10.2.2.2. United Kingdom Distributed Energy Generation Market Forecast (2027-2023)
10.2.2.3. France Distributed Energy Generation Market Forecast (2027-2023)
10.2.2.4. Russia Distributed Energy Generation Market Forecast (2027-2023)
10.2.2.5. Italy Distributed Energy Generation Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Distributed Energy Generation Market Forecast (2027-2023)
10.2.3. Asia-Pacific Distributed Energy Generation Market Forecast (2027-2023)
10.2.3.1. China Distributed Energy Generation Market Forecast (2027-2023)
10.2.3.2. Japan Distributed Energy Generation Market Forecast (2027-2023)
10.2.3.3. Korea Distributed Energy Generation Market Forecast (2027-2023)
10.2.3.4. India Distributed Energy Generation Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Distributed Energy Generation Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Distributed Energy Generation Market Forecast (2027-2023)
10.2.4. South America Distributed Energy Generation Market Forecast (2027-2023)
10.2.4.1. Brazil Distributed Energy Generation Market Forecast (2027-2023)
10.2.4.2. Argentina Distributed Energy Generation Market Forecast (2027-2023)
10.2.4.3. Columbia Distributed Energy Generation Market Forecast (2027-2023)
10.2.4.4. Rest of South America Distributed Energy Generation Market Forecast (2027-2023)
10.2.5. Middle East and Africa Distributed Energy Generation Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Distributed Energy Generation Market Forecast (2027-2023)
10.2.5.2. UAE Distributed Energy Generation Market Forecast (2027-2023)
10.2.5.3. Egypt Distributed Energy Generation Market Forecast (2027-2023)
10.2.5.4. Nigeria Distributed Energy Generation Market Forecast (2027-2023)
10.2.5.5. South Africa Distributed Energy Generation Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Distributed Energy Generation Market Forecast (2027-2023)
10.3. Distributed Energy Generation Market Forecast By Type (2027-2023)
10.3.1. Global Distributed Energy Generation Sales Forecast By Type(2027-2023)
10.3.2. Global Distributed Energy Generation Sales Market Share Forecast By Type (2027-2023)
10.4. Distributed Energy Generation Market Forecast By Application (2027-2023)
10.4.1. Global Distributed Energy Generation Sales Forecast By Application (2027-2023)
10.4.2. Global Distributed Energy Generation Sales Market Share Forecast By Application (2027-2023)
10.5. Distributed Energy Generation Market Forecast by End User (2027-2023)
10.5.1. Global Distributed Energy Generation Sales Forecast by End User (2027-2023)
10.5.2. Global Distributed Energy Generation Sales Market Share Forecast by End User (2027-2023)
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
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Data Collection Matrix |
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Demand Side |
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Secondary Data Sources |
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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
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Qualitative Data |
Quantitative Data (2017-2025) |
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