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Energy Efficiency Market By Product Type And Application - Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 177 Category: Energy Report Code : EM06863
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Outlook and Trend Analysis
The Energy Efficiency Market has encountered significant development over the recent years and is foreseen to grow tremendously over the forecast period. The term Energy efficiency implies making use of less energy to provide a similar level of energy. It is in this manner one technique to lessen human greenhouse gas emissions. For instance, if a house is insulated, less energy is used for heating and cooling to achieve a suitable temperature. Another technique is making use of fluorescent lights or skylights, rather than incandescent lights, to achieve a similar level of illumination. Energy efficiency is accomplished fundamentally by methods for a more effective technology or process. Energy efficient buildings, mechanical procedures and transportation could lessen the world's vitality needs in 2050 by 33%, and help controlling worldwide emissions of greenhouse gases.
Drivers and Restraints
Energy consumption has increased significantly over the recent years. The advent new technology and applications has increased incredibly the amount of energy consumption in the recent years. This has brought about the major concern of depletion of resources and increased pollution bringing about several health issues which is one of the major factors driving the market. Energy efficiency is a method of controlling and managing this growth in consumption of energy, to secure wildlife habitats, safeguard the planet and ensure the saving of resources for future usage. The more energy that is consumed, the more carbon emissions are emitted into the environment and the more reserves of natural resources such as coal, oil and gas are depleted. This has brought about surging interest in the concept of energy efficiency, thereby boosting the growth of the market.
Market Segmentation
The Energy Efficiency Market is segmented on the basis of product type and application. Based on product type the market is segmented into Consumer Electronics and Appliances, Smart Lighting, Heating, Ventilation and Air Conditioning (HVAC) Energy Efficient Devices and Smart Electric Meters out of which the smart lighting segment is anticipated to develop at a significant CAGR over the forecast period owing to its benefits of saving electricity. Based on application the market is segmented into Commercial Application Vertical, Residential Application Vertical and Industrial Application Vertical out of which the industrial application segment dominates the market owing to the requirement o huge measures of resources and emission of harmful gasses.
Regional Outlook and Trend Analysis
Geographically, North America commanded the global market in 2017 owing to the presence of tech-savvy consumers. There has been a significant inclination towards energy efficiency globally. A more viable consumption of energy has been the main focus in North America, thereby boosting the market in the region. Moreover, supportive initiatives from regulatory bodies in the region have bolstered the growth of this market in the recent years. The APAC region is anticipated to grow substantially over the forecast period; nonetheless, the growth is sluggish due to lack of awareness.
Competitive Insights
The leading players in the market are Honeywell, Schneider Electric, Osram, General Electric, Legrand, Aclara Software Inc, Samsung Electronics, Acuity Brands, Philips, Crompton Greaves, Itron, Cree Inc and Zumtobel Group. 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 Energy Efficiency Market is segmented as follows-
By Product Type:
- Consumer Electronics and Appliances
- Smart Lighting,
- Heating, Ventilation and Air Conditioning (HVAC) Energy Efficient Devices
- Smart Electric Meters
By Application:
- Commercial Application Vertical
- Residential Application Vertical
- Industrial Application Vertical
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
· Energy Efficiency Market, By Product Type, Estimates and Forecast, 2014-2023 ($Million)
· HVAC (Heating , Ventilation and Air Conditioning Devices)
· Smart Electric Meters
· Consumer Electronics and Appliances
· Smart Lighting
· Energy Efficiency Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
· Commercial
· Residential
· Industrial
· Energy Efficiency Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
· North America
§ North America Energy Efficiency Market, By Country
o U.S. Energy Efficiency Market
o Canada Energy Efficiency Market
o Mexico Energy Efficiency Market
· Europe
§ Europe Energy Efficiency Market, By Country
o Germany Energy Efficiency Market
o UK Energy Efficiency Market
o France Energy Efficiency Market
o Russia Energy Efficiency Market
o Italy Energy Efficiency Market
o Rest of Europe Energy Efficiency Market
· Asia-Pacific
§ Asia-Pacific Energy Efficiency Market, By Country
o China Energy Efficiency Market
o Japan Energy Efficiency Market
o South Korea Energy Efficiency Market
o India Energy Efficiency Market
o Southeast Asia Energy Efficiency Market
o Rest of Asia-Pacific Energy Efficiency Market
· South America
§ South America Energy Efficiency Market
o Brazil Energy Efficiency Market
o Argentina Energy Efficiency Market
o Columbia Energy Efficiency Market
o South Africa Energy Efficiency Market
o Rest of South America Energy Efficiency Market
· Middle East and Africa
§ Middle East and Africa Energy Efficiency Market
o Saudi Arabia Energy Efficiency Market
o UAE Energy Efficiency Market
o Egypt Energy Efficiency Market
o Nigeria Energy Efficiency Market
o South Africa Energy Efficiency Market
o Rest of MEA Energy Efficiency 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
3.2.2. Restraints
3.2.3. Opportunities
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. Energy Efficiency Market, By Product Type
5.1. Introduction
5.2. Global Energy Efficiency Sales, Revenue and Market Share by Product Type (2017-2027)
5.2.1. Global Energy Efficiency Sales and Sales Share by Product Type (2017-2027)
5.2.2. Global Energy Efficiency Revenue and Revenue Share by Product Type (2017-2027)
5.3. HVAC (Heating , Ventilation and Air Conditioning Devices)
5.3.1. Global HVAC (Heating , Ventilation and Air Conditioning Devices)Sales and Growth Rate (2017-2027)
5.4. Smart Electric Meters
5.4.1. Global Smart Electric Meters Sales and Growth Rate (2017-2027)
5.5. Consumer Electronics and Appliances
5.5.1. Global Consumer Electronics and Appliances Sales and Growth Rate (2017-2027)
5.6. Smart Lighting
5.6.1. Global Smart Lighting Sales and Growth Rate (2017-2027)
6. Energy Efficiency Market, By Application
6.1. Introduction
6.2. Global Energy Efficiency Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Energy Efficiency Sales and Sales Share by Application (2017-2027)
6.2.2. Global Energy Efficiency Revenue and Revenue Share by Application (2017-2027)
6.3. Commercial
6.3.1. Global Commercial Sales and Growth Rate (2017-2027)
6.4. Residential
6.4.1. Global Residential Sales and Growth Rate (2017-2027)
6.5. Industrial
6.5.1. Global Industrial Sales and Growth Rate (2017-2027)
7. Energy Efficiency Market, By Region
7.1. Introduction
7.2. Global Energy Efficiency Sales, Revenue and Market Share by Regions
7.2.1. Global Energy Efficiency Sales by Regions (2017-2027)
7.2.2. Global Energy Efficiency Revenue by Regions (2017-2027)
7.3. North America Energy Efficiency by Countries
7.3.1. North America Energy Efficiency Sales and Growth Rate (2017-2027)
7.3.2. North America Energy Efficiency Revenue and Growth Rate (2017-2027)
7.3.3. North America Energy Efficiency Sales by Countries (2017-2027)
7.3.4. North America Energy Efficiency Revenue (Million USD) by Countries (2017-2027)
7.3.5. U.S.
7.3.5.1. United States Energy Efficiency Sales and Growth Rate (2017-2027)
7.3.5.2. United States Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.6. Canada
7.3.6.1. Canada Energy Efficiency Sales and Growth Rate (2017-2027)
7.3.6.2. Canada Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.3.7. Mexico
7.3.7.1. Mexico Energy Efficiency Sales and Growth Rate (2017-2027)
7.3.7.2. Mexico Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.4. Europe Energy Efficiency by Countries
7.4.1. Europe Energy Efficiency Sales and Growth Rate (2017-2027)
7.4.2. Europe Energy Efficiency Revenue and Growth Rate (2017-2027)
7.4.3. Europe Energy Efficiency Sales by Countries (2017-2027)
7.4.4. Europe Energy Efficiency Revenue (Million USD) by Countries (2017-2027)
7.4.5. Germany
7.4.5.1. Germany Energy Efficiency Sales and Growth Rate (2017-2027)
7.4.5.2. Germany Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.6. UK
7.4.6.1. UK Energy Efficiency Sales and Growth Rate (2017-2027)
7.4.6.2. UK Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.7. France
7.4.7.1. France Energy Efficiency Sales and Growth Rate (2017-2027)
7.4.7.2. France Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.8. Russia
7.4.8.1. Russia Energy Efficiency Sales and Growth Rate (2017-2027)
7.4.8.2. Russia Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.9. Italy
7.4.9.1. Italy Energy Efficiency Sales and Growth Rate (2017-2027)
7.4.9.2. Italy Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.4.10. Rest of Europe
7.4.10.1. Rest of Europe Energy Efficiency Sales and Growth Rate (2017-2027)
7.4.10.2. Rest of Europe Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.5. Asia-Pacific
7.5.1. Asia-Pacific Energy Efficiency Sales and Growth Rate (2017-2027)
7.5.2. Asia-Pacific Energy Efficiency Revenue and Growth Rate (2017-2027)
7.5.3. Asia-Pacific Energy Efficiency Sales by Countries (2017-2027)
7.5.4. Asia-Pacific Energy Efficiency Revenue (Million USD) by Countries (2017-2027)
7.5.5. China
7.5.5.1. China Energy Efficiency Sales and Growth Rate (2017-2027)
7.5.5.2. China Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6. Japan
7.5.6.1. Japan Energy Efficiency Sales and Growth Rate (2017-2027)
7.5.6.2. Japan Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.6.3.
7.5.7. Korea
7.5.7.1. Korea Energy Efficiency Sales and Growth Rate (2017-2027)
7.5.7.2. Korea Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.8. India
7.5.8.1. India Energy Efficiency Sales and Growth Rate (2017-2027)
7.5.8.2. India Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.9. Southeast Asia
7.5.9.1. Southeast Asia Energy Efficiency Sales and Growth Rate (2017-2027)
7.5.9.2. Southeast Asia Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.5.10. Rest of Asia-Pacific
7.5.10.1. Rest of Asia-Pacific Energy Efficiency Sales and Growth Rate (2017-2027)
7.5.10.2. Rest of Asia-Pacific Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.6. South America
7.6.1. South America Energy Efficiency Sales and Growth Rate (2017-2027)
7.6.2. South America Energy Efficiency Revenue and Growth Rate (2017-2027)
7.6.3. South America Energy Efficiency Sales by Countries (2017-2027)
7.6.4. South America Energy Efficiency Revenue (Million USD) by Countries (2017-2027)
7.6.5. Brazil
7.6.5.1. Brazil Energy Efficiency Sales and Growth Rate (2017-2027)
7.6.5.2. Brazil Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.6. Argentina
7.6.6.1. Argentina Energy Efficiency Sales and Growth Rate (2017-2027)
7.6.6.2. Argentina Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.7. Columbia
7.6.7.1. Columbia Energy Efficiency Sales and Growth Rate (2017-2027)
7.6.7.2. Columbia Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.6.8. Rest of South America
7.6.8.1. Rest of South America Energy Efficiency Sales and Growth Rate (2017-2027)
7.6.8.2. Rest of South America Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.7. Middle East and Africa
7.7.1. Middle East and Africa Energy Efficiency Sales and Growth Rate (2017-2027)
7.7.2. Middle East and Africa Energy Efficiency Revenue and Growth Rate (2017-2027)
7.7.3. Middle East and Africa Energy Efficiency Sales by Countries (2017-2027)
7.7.4. Middle East and Africa Energy Efficiency Revenue (Million USD) by Countries (2017-2027)
7.7.5. Saudi Arabia
7.7.5.1. Saudi Arabia Energy Efficiency Sales and Growth Rate (2017-2027)
7.7.5.2. Saudi Arabia Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.6. United Arab Emirates
7.7.6.1. United Arab Emirates Energy Efficiency Sales and Growth Rate (2017-2027)
7.7.6.2. United Arab Emirates Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.7. Egypt
7.7.7.1. Egypt Energy Efficiency Sales and Growth Rate (2017-2027)
7.7.7.2. Egypt Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.8. Nigeria
7.7.8.1. Nigeria Energy Efficiency Sales and Growth Rate (2017-2027)
7.7.8.2. Nigeria Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
7.7.9. South Africa
7.7.9.1. South Africa Energy Efficiency Sales and Growth Rate (2017-2027)
7.7.9.2. South Africa Energy Efficiency 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 Energy Efficiency Sales and Growth Rate (2017-2027)
7.7.10.2. Rest of Middle East and Africa Energy Efficiency Revenue (Millions USD) and Growth Rate (2017-2027)
8. Company Profiles
8.1. Honeywell
8.1.1. Business Overview
8.1.2. Product Type Portfolio
8.1.3. Strategic Developments
8.1.4. Sales, Revenue and Market Share
8.2. GE Electric
8.2.1. Business Overview
8.2.2. Product Type Portfolio
8.2.3. Strategic Developments
8.2.4. Sales, Revenue and Market Share
8.3. Aclara
8.3.1. Business Overview
8.3.2. Product Type Portfolio
8.3.3. Strategic Developments
8.3.4. Sales, Revenue and Market Share
8.4. Mitsubishi
8.4.1. Business Overview
8.4.2. Product Type Portfolio
8.4.3. Strategic Developments
8.4.4. Sales, Revenue and Market Share
8.5. Daikin
8.5.1. Business Overview
8.5.2. Product Type Portfolio
8.5.3. Strategic Developments
8.5.4. Sales, Revenue and Market Share
8.6. Carrier
8.6.1. Business Overview
8.6.2. Product Type Portfolio
8.6.3. Strategic Developments
8.6.4. Sales, Revenue and Market Share
8.7. LG
8.7.1. Business Overview
8.7.2. Product Type Portfolio
8.7.3. Strategic Developments
8.7.4. Sales, Revenue and Market Share
8.8. Samsung Electronics
8.8.1. Business Overview
8.8.2. Product Type Portfolio
8.8.3. Strategic Developments
8.8.4. Sales, Revenue and Market Share
8.9. Crompton Greaves
8.9.1. Business Overview
8.9.2. Product Type Portfolio
8.9.3. Strategic Developments
8.9.4. Sales, Revenue and Market Share
8.10. Cree Inc.
8.10.1. Business Overview
8.10.2. Product Type Portfolio
8.10.3. Strategic Developments
8.10.4. Sales, Revenue and Market Share
9. Global Energy Efficiency Market Competition, by Manufacturer
9.1. Global Energy Efficiency Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Energy Efficiency Revenue and Market Share by Manufacturer (2017-2017)
9.3. Global Energy Efficiency Price by Region (2017-2017)
9.4. Top 5 Energy Efficiency Manufacturer Market Share
9.5. Market Competition Trend
10. Energy Efficiency Market Forecast (2027-2023)
10.1. Global Energy Efficiency Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
10.2. Energy Efficiency Market Forecast by Regions (2027-2023)
10.2.1. North America Energy Efficiency Market Forecast (2027-2023)
10.2.1.1. United States Energy Efficiency Market Forecast (2027-2023)
10.2.1.2. Canada Energy Efficiency Market Forecast (2027-2023)
10.2.1.3. Mexico Energy Efficiency Market Forecast (2027-2023)
10.2.2. Europe Energy Efficiency Market Forecast (2027-2023)
10.2.2.1. Germany Energy Efficiency Market Forecast (2027-2023)
10.2.2.2. United Kingdom Energy Efficiency Market Forecast (2027-2023)
10.2.2.3. France Energy Efficiency Market Forecast (2027-2023)
10.2.2.4. Russia Energy Efficiency Market Forecast (2027-2023)
10.2.2.5. Italy Energy Efficiency Market Forecast (2027-2023)
10.2.2.6. Rest of the Europe Energy Efficiency Market Forecast (2027-2023)
10.2.3. Asia-Pacific Energy Efficiency Market Forecast (2027-2023)
10.2.3.1. China Energy Efficiency Market Forecast (2027-2023)
10.2.3.2. Japan Energy Efficiency Market Forecast (2027-2023)
10.2.3.3. Korea Energy Efficiency Market Forecast (2027-2023)
10.2.3.4. India Energy Efficiency Market Forecast (2027-2023)
10.2.3.5. Southeast Asia Energy Efficiency Market Forecast (2027-2023)
10.2.3.6. Rest of Asia-Pacific Energy Efficiency Market Forecast (2027-2023)
10.2.4. South America Energy Efficiency Market Forecast (2027-2023)
10.2.4.1. Brazil Energy Efficiency Market Forecast (2027-2023)
10.2.4.2. Argentina Energy Efficiency Market Forecast (2027-2023)
10.2.4.3. Columbia Energy Efficiency Market Forecast (2027-2023)
10.2.4.4. Rest of South America Energy Efficiency Market Forecast (2027-2023)
10.2.5. Middle East and Africa Energy Efficiency Market Forecast (2027-2023)
10.2.5.1. Saudi Arabia Energy Efficiency Market Forecast (2027-2023)
10.2.5.2. UAE Energy Efficiency Market Forecast (2027-2023)
10.2.5.3. Egypt Energy Efficiency Market Forecast (2027-2023)
10.2.5.4. Nigeria Energy Efficiency Market Forecast (2027-2023)
10.2.5.5. South Africa Energy Efficiency Market Forecast (2027-2023)
10.2.5.6. Rest of MEA Energy Efficiency Market Forecast (2027-2023)
10.3. Energy Efficiency Market Forecast by Product Type (2027-2023)
10.3.1. Global Energy Efficiency Sales Forecast by Product Type (2027-2023)
10.3.2. Global Energy Efficiency Sales Market Share Forecast by Product Type (2027-2023)
10.4. Energy Efficiency Market Forecast by Application (2027-2023)
10.4.1. Global Energy Efficiency Sales Forecast by Application (2027-2023)
10.4.2. Global Energy Efficiency Sales Market Share Forecast by Application (2027-2023)
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Energy Efficiency Market.
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 |
Supply Side |
Demand Side |
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Primary Data Sources |
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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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