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Microturbines Market By Power Rating, Application And End User- Global Industry Analysis And Forecast To 2023
Published On : June 2022 Pages : 190 Category: Energy & Mining Report Code : EM06993
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Microturbines Market by Application Combined Heat & Power (CHP) and Standby Power), Power Rating (50 kW-250 kW, 12 kW -50 kW, 250 kW-500 kW), End User (Commercial, Industrial, Residential) Forecast 2017 to 2023
Industry Outlook and Trend Analysis
The Microturbines Market was worth USD 125.67 million in 2017 and is expected to reach approximately USD 282.55 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 9.42% during the forecast period. Micro turbines provide the extensive variety of advantages which incorporates capacity to keep running on numerous energizes, compact size, less moving parts and higher proficiency bringing about lower power costs which are foreseen to build its request among the end use industries. Increasing requirement for sources of energy combined with developing ecological concerns including contamination levels and global warming is foreseen to promote the product improvement in rising economies including China, Malaysia, and South Korea. Decommissioning of nuclear plants in developed districts primarily Europe is foreseen to drive general market demand over the forecast period.
Application Outlook and Trend Analysis
The combined heat and power commanded the application fragment and secured more than the greater part of share in the worldwide market. The portion is foreseen to encounter the most astounding development over the estimate time frame. Expanding ecological concerns including global warming and pollution levels is foreseen to build the demand of the product over the conjecture time frame.
Power Rating Outlook and Trend Analysis
Based on power rating, 50 kW-250 kW microturbines were the main power rating segment and is anticipated to observe significant development over the conjecture time frame. The section represented an income share of around 38.0% in 2017. 12 kW - 50 kW and 50 kW-250 kW microturbines demand is anticipated to drive because of developing hybrid electric vehicles applications. 12 kW - 50 kW is foreseen to develop at a significant CAGR over the forecast period.
End User Outlook and Trend Analysis
Industrial was the major end-user section as micro turbines are majorly used in various industries construction & manufacturing, including oil & gas, pharmaceutical, waste water treatment, and mining. The segment is anticipated to improve at the highest CAGR over the forecast period in near future on account of developments in these industries mainly construction and oil & gas.
Regional Outlook and Trend Analysis
North America Micro Turbine Market drove the worldwide business and represented more than 35% of aggregate market income in 2017. The territorial demand was majorly determined by higher rate of utilization in U.S. mining, construction, pharmaceutical industries and waste water treatment. Canada and Mexico are foreseen to grow at critical CAGRs over the figure time frame.
Competitive Insights
The leading players in the market are Brayton Energy LLC, Flexenergy, ICR Turbine Engine Corporation, Capstone Turbine, Eneftech Innovation SA, Toyota, Ansaldo Energia, Bladon Jets, Newenco, Micro Turbine Technology BV and Calnetix Technologies LLC. 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 Microturbines Market is region-wise segmented as follows-
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
· Microturbines Market, By Power Rating, Estimates and Forecast, 2014-2023($Billion)
o 12 kW -50 kW
o 50 kW-250 kW
o 250 kW-500 kW
· Microturbines Market, By Application, Estimates and Forecast, 2014-2023($Billion)
o Combined Heat & Power (CHP)
o Standby Power
· Microturbines Market, By End User, Estimates and Forecast, 2014-2023($Billion)
o Industrial
o Commercial
o Residential
· Microturbines Market, By Region, Estimates and Forecast, 2014-2023($Billion)
o North America
§ North America Microturbines Market, By Country
o U.S. Microturbines Market
o Canada Microturbines Market
o Mexico Microturbines Market
o Europe
§ Europe Microturbines Market, By Country
o Germany Microturbines Market
o UK Microturbines Market
o France Microturbines Market
o Russia Microturbines Market
o Italy Microturbines Market
o Rest of Europe Microturbines Market
o Asia-Pacific
§ Asia-Pacific Microturbines Market, By Country
o China Microturbines Market
o Japan Microturbines Market
o South Korea Microturbines Market
o India Microturbines Market
o Southeast Asia Microturbines Market
o Rest of Asia-Pacific Microturbines Market
o South America
§ South America Microturbines Market
o Brazil Microturbines Market
o Argentina Microturbines Market
o Columbia Microturbines Market
o South Africa Microturbines Market
o Rest of South America Microturbines Market
o Middle East and Africa
§ Middle East and Africa Microturbines Market
o Saudi Arabia Microturbines Market
o UAE Microturbines Market
o Egypt Microturbines Market
o Nigeria Microturbines Market
o South Africa Microturbines Market
o Rest of MEA Microturbines Market
Table of Contents
Chapter 1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
Chapter 2. Executive Summary
2.1. Key Highlights
Chapter 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
3.2.3.1. Emerging Markets to Offer Lucrative Growth Opportunities
Chapter 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)
Chapter 5. Microturbines Market, By Power Rating
5.1. Introduction
5.2. Global Microturbines Sales, Revenue and Market Share by Power Rating (2017-2027)
5.2.1. Global Microturbines Sales and Sales Share by Power Rating (2017-2027)
5.2.2. Global Microturbines Revenue and Revenue Share by Power Rating (2017-2027)
5.3. 12–50 KW
5.3.1. Global 12–50 KW Sales and Growth Rate (2017-2027)
5.4. 51–250 KW
5.4.1. Global 51–250 KW Sales and Growth Rate (2017-2027)
5.5. Above 250 KW
5.5.1. Global 51–250 KW Sales and Growth Rate (2017-2027)
Chapter 6. Microturbines Market, By Application
6.1. Introduction
6.2. Global Microturbines Sales, Revenue and Market Share by Application (2017-2027)
6.2.1. Global Microturbines Sales and Sales Share by Application (2017-2027)
6.2.2. Global Microturbines Revenue and Revenue Share by Application (2017-2027)
6.3. CHP (Combined Heat & Power)
6.3.1. Global CHP (Combined Heat & Power) Sales and Growth Rate (2017-2027)
6.4. Standby Power
6.4.1. Global Standby Power Sales and Growth Rate (2017-2027)
Chapter 7. Microturbines Market, By End User
7.1. Introduction
7.2. Global Microturbines Sales, Revenue and Market Share by End User (2017-2027)
7.2.1. Global Microturbines Sales and Sales Share by End User (2017-2027)
7.2.2. Global Microturbines Revenue and Revenue Share by End User (2017-2027)
7.3. Residential
7.3.1. Global Residential Sales and Growth Rate (2017-2027)
7.4. Commercial
7.4.1. Global Commercial Sales and Growth Rate (2017-2027)
7.5. Industrial
7.5.1. Global Industrial Sales and Growth Rate (2017-2027)
Chapter 8. Microturbines Market, By Region
8.1. Introduction
8.2. Global Microturbines Sales, Revenue and Market Share by Regions
8.2.1. Global Microturbines Sales by Regions (2017-2027)
8.2.2. Global Microturbines Revenue by Regions (2017-2027)
8.3. North America Microturbines by Countries
8.3.1. North America Microturbines Sales and Growth Rate (2017-2027)
8.3.2. North America Microturbines Revenue and Growth Rate (2017-2027)
8.3.3. North America Microturbines Sales by Countries (2017-2027)
8.3.4. North America Microturbines Revenue (Million USD) by Countries (2017-2027)
8.3.5. U.S.
8.3.5.1. United States Microturbines Sales and Growth Rate (2017-2027)
8.3.5.2. United States Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.3.6. Canada
8.3.6.1. Canada Microturbines Sales and Growth Rate (2017-2027)
8.3.6.2. Canada Microturbines Sales (Millions USD) and Growth Rate (2017-2027)
8.3.7. Mexico
8.3.7.1. Mexico Microturbines Sales and Growth Rate (2017-2027)
8.3.7.2. Mexico Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.4. Europe Microturbines by Countries
8.4.1. Europe Microturbines Sales and Growth Rate (2017-2027)
8.4.2. Europe Microturbines Revenue and Growth Rate (2017-2027)
8.4.3. Europe Microturbines Sales by Countries (2017-2027)
8.4.4. Europe Microturbines Revenue (Million USD) by Countries (2017-2027)
8.4.5. Germany
8.4.5.1. Germany Microturbines Sales and Growth Rate (2017-2027)
8.4.5.2. Germany Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.6. UK
8.4.6.1. UK Microturbines Sales and Growth Rate (2017-2027)
8.4.6.2. UK Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.7. France
8.4.7.1. France Microturbines Sales and Growth Rate (2017-2027)
8.4.7.2. France Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.8. Russia
8.4.8.1. Russia Microturbines Sales and Growth Rate (2017-2027)
8.4.8.2. Russia Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.9. Italy
8.4.9.1. Italy Microturbines Sales and Growth Rate (2017-2027)
8.4.9.2. Italy Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.4.10. Rest of Europe
8.4.10.1. Rest of Europe Microturbines Sales and Growth Rate (2017-2027)
8.4.10.2. Rest of Europe Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.5. Asia-Pacific
8.5.1. Asia-Pacific Microturbines Sales and Growth Rate (2017-2027)
8.5.2. Asia-Pacific Microturbines Revenue and Growth Rate (2017-2027)
8.5.3. Asia-Pacific Microturbines Sales by Countries (2017-2027)
8.5.4. Asia-Pacific Microturbines Revenue (Million USD) by Countries (2017-2027)
8.5.5. China
8.5.5.1. China Microturbines Sales and Growth Rate (2017-2027)
8.5.5.2. China Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6. Japan
8.5.6.1. Japan Microturbines Sales and Growth Rate (2017-2027)
8.5.6.2. Japan Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.6.3.
8.5.7. Korea
8.5.7.1. Korea Microturbines Sales and Growth Rate (2017-2027)
8.5.7.2. Korea Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.8. India
8.5.8.1. India Microturbines Sales and Growth Rate (2017-2027)
8.5.8.2. India Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.9. Southeast Asia
8.5.9.1. Southeast Asia Microturbines Sales and Growth Rate (2017-2027)
8.5.9.2. Southeast Asia Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.5.10. Rest of Asia-Pacific
8.5.10.1. Rest of Asia-Pacific Microturbines Sales and Growth Rate (2017-2027)
8.5.10.2. Rest of Asia-Pacific Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.6. South America
8.6.1. South America Microturbines Sales and Growth Rate (2017-2027)
8.6.2. South America Microturbines Revenue and Growth Rate (2017-2027)
8.6.3. South America Microturbines Sales by Countries (2017-2027)
8.6.4. South America Microturbines Revenue (Million USD) by Countries (2017-2027)
8.6.5. Brazil
8.6.5.1. Brazil Microturbines Sales and Growth Rate (2017-2027)
8.6.5.2. Brazil Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.6. Argentina
8.6.6.1. Argentina Microturbines Sales and Growth Rate (2017-2027)
8.6.6.2. Argentina Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.7. Columbia
8.6.7.1. Columbia Microturbines Sales and Growth Rate (2017-2027)
8.6.7.2. Columbia Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.6.8. Rest of South America
8.6.8.1. Rest of South America Microturbines Sales and Growth Rate (2017-2027)
8.6.8.2. Rest of South America Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.7. Middle East and Africa
8.7.1. Middle East and Africa Microturbines Sales and Growth Rate (2017-2027)
8.7.2. Middle East and Africa Microturbines Revenue and Growth Rate (2017-2027)
8.7.3. Middle East and Africa Microturbines Sales by Countries (2017-2027)
8.7.4. Middle East and Africa Microturbines Revenue (Million USD) by Countries (2017-2027)
8.7.5. Saudi Arabia
8.7.5.1. Saudi Arabia Microturbines Sales and Growth Rate (2017-2027)
8.7.5.2. Saudi Arabia Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.6. United Arab Emirates
8.7.6.1. United Arab Emirates Microturbines Sales and Growth Rate (2017-2027)
8.7.6.2. United Arab Emirates Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.7. Egypt
8.7.7.1. Egypt Microturbines Sales and Growth Rate (2017-2027)
8.7.7.2. Egypt Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.8. Nigeria
8.7.8.1. Nigeria Microturbines Sales and Growth Rate (2017-2027)
8.7.8.2. Nigeria Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.9. South Africa
8.7.9.1. South Africa Microturbines Sales and Growth Rate (2017-2027)
8.7.9.2. South Africa Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
8.7.10. Rest of Middle East and Africa
8.7.10.1. Rest of Middle East and Africa Microturbines Sales and Growth Rate (2017-2027)
8.7.10.2. Rest of Middle East and Africa Microturbines Revenue (Millions USD) and Growth Rate (2017-2027)
Chapter 9. Company Profiles
9.1. Capstone Turbine Corporation
9.1.1. Business Overview
9.1.2. Product Portfolio
9.1.3. Strategic Developments
9.1.4. Sales, Revenue and Market Share
9.2. Ansaldo Energia
9.2.1. Business Overview
9.2.2. Product Portfolio
9.2.3. Strategic Developments
9.2.4. Sales, Revenue and Market Share
9.3. TurboTech Precision Engineering Pvt. Ltd.
9.3.1. Business Overview
9.3.2. Product Portfolio
9.3.3. Strategic Developments
9.3.4. Sales, Revenue and Market Share
9.4. Aurelia Turbines Oy
9.4.1. Business Overview
9.4.2. Product Portfolio
9.4.3. Strategic Developments
9.4.4. Sales, Revenue and Market Share
9.5. Bowman Power
9.5.1. Business Overview
9.5.2. Product Portfolio
9.5.3. Strategic Developments
9.5.4. Sales, Revenue and Market Share
9.6. FlexEnergy
9.6.1. Business Overview
9.6.2. Product Portfolio
9.6.3. Strategic Developments
9.6.4. Sales, Revenue and Market Share
9.7. Bladon Jets
9.7.1. Business Overview
9.7.2. Product Portfolio
9.7.3. Strategic Developments
9.7.4. Sales, Revenue and Market Share
9.8. ICR Turbine Engine Corporation (ICRTec)
9.8.1. Business Overview
9.8.2. Product Portfolio
9.8.3. Strategic Developments
9.8.4. Sales, Revenue and Market Share
9.9. Micro Turbines Technology BV
9.9.1. Business Overview
9.9.2. Product Portfolio
9.9.3. Strategic Developments
9.9.4. Sales, Revenue and Market Share
9.10. 247 Solar
9.10.1. Business Overview
9.10.2. Product Portfolio
9.10.3. Strategic Developments
9.10.4. Sales, Revenue and Market Share
Chapter 10. Global Microturbines Market Competition, by Manufacturer
10.1. Global Microturbines Sales and Market Share by Manufacturer (2017-2017)
10.2. Global Microturbines Revenue and Market Share by Manufacturer (2017-2017)
10.3. Global Microturbines Price by Manufacturer (2017-2017)
10.4. Top 5 Microturbines Manufacturer Market Share
10.5. Market Competition Trend
Chapter 11. Microturbines Market Forecast (2027-2023)
11.1. Global Microturbines Sales, Revenue (Millions USD) and Growth Rate (2027-2023)
11.2. Microturbines Market Forecast by Regions (2027-2023)
11.2.1. North America Microturbines Market Forecast (2027-2023)
11.2.1.1. United States Microturbines Market Forecast (2027-2023)
11.2.1.2. Canada Microturbines Market Forecast (2027-2023)
11.2.1.3. Mexico Microturbines Market Forecast (2027-2023)
11.2.2. Europe Microturbines Market Forecast (2027-2023)
11.2.2.1. Germany Microturbines Market Forecast (2027-2023)
11.2.2.2. United Kingdom Microturbiness Market Forecast (2027-2023)
11.2.2.3. France Microturbines Market Forecast (2027-2023)
11.2.2.4. Russia Microturbines Market Forecast (2027-2023)
11.2.2.5. Italy Microturbines Market Forecast (2027-2023)
11.2.2.6. Rest of the Europe Microturbines Market Forecast (2027-2023)
11.2.3. Asia-Pacific Microturbines Market Forecast (2027-2023)
11.2.3.1. China Microturbines Market Forecast (2027-2023)
11.2.3.2. Japan Microturbines Market Forecast (2027-2023)
11.2.3.3. Korea Microturbines Market Forecast (2027-2023)
11.2.3.4. India Microturbines Market Forecast (2027-2023)
11.2.3.5. Southeast Asia Microturbines Market Forecast (2027-2023)
11.2.3.6. Rest of Asia-Pacific Microturbines Market Forecast (2027-2023)
11.2.4. South America Microturbines Market Forecast (2027-2023)
11.2.4.1. Brazil Microturbines Market Forecast (2027-2023)
11.2.4.2. Argentina Microturbines Market Forecast (2027-2023)
11.2.4.3. Columbia Microturbines Market Forecast (2027-2023)
11.2.4.4. Rest of South America Microturbines Market Forecast (2027-2023)
11.2.5. Middle East and Africa Microturbines Market Forecast (2027-2023)
11.2.5.1. Saudi Arabia Microturbines Market Forecast (2027-2023)
11.2.5.2. UAE Microturbines Market Forecast (2027-2023)
11.2.5.3. Egypt Microturbines Market Forecast (2027-2023)
11.2.5.4. Nigeria Microturbines Market Forecast (2027-2023)
11.2.5.5. South Africa Microturbines Market Forecast (2027-2023)
11.2.5.6. Rest of MEA Microturbines Market Forecast (2027-2023)
11.3. Microturbines Market Forecast by Power Rating (2027-2023)
11.3.1. Global Microturbines Sales Forecast by Power Rating (2027-2023)
11.3.2. Global Microturbines Sales Market Share Forecast by Power Rating (2027-2023)
11.4. Microturbines Market Forecast by Application (2027-2023)
11.4.1. Global Microturbines Sales Forecast by Application (2027-2023)
11.4.2. Global Microturbines Sales Market Share Forecast by Application (2027-2023)
11.5. Microturbines Market Forecast by End User (2027-2023)
11.5.1. Global Microturbines Sales Forecast by End User (2027-2023)
11.5.2. Global Microturbines Sales Market Share Forecast by End User (2027-2023)
List of Tables
(*You can glance through the list of Tables and Figures when you view the sample copy of Microturbines 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 |
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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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