.png)
Solar Tracker Market by Technology, Product and Application - Global Industry Analysis and Forecast to 2023
Published On : February 2018 Pages : 107 Category: Energy Report Code : EM02594
SEGMENTS & REGIONS:
- Regions: North America, Europe, Asia- Pacific, Latin America, Middle East & Africa
Industry Trend Analysis
In 2017, the global solar trackers market was evaluated around USD billion and is expected to reach approximately USD billion by 2023 while registering itself at a compound annual growth rate (CAGR) of % over the forecast period. Solar trackers are equipment that assists in escalating the installed payloads efficiency like panels, fresnels, mirrors and parabolic mangers. Solar trackers have the capability to augment the competence of these payloads by over %. The market demand is propelled by growing awareness regarding renewable energy and undesirable effects ensuing owing to weather change. The encouraging regulations in emerging countries, as well as actions taken by governments across the globe to trim down dependency on energy generation that ensues in emission, is anticipated to fuel the solar tracker's demand. Growing government emphasis on alternative energy sources has ensued as the progress of solar PV cells since a sustainable and continuous energy production source. The speedy rise in a number of PV installations in Spain has condensed the levelized price of electricity, ensuing in solar PV being competitory with other traditional energy forms.
Technology Outlook and Trend Analysis
In 2017, the photovoltaic technology (PV) was the major segment reporting for around % of the overall capacity. The ease of application linked with regular module PV cell technologies due to simple design is expected to drive the demand. Growing electricity cost due to the supply-demand gap is anticipated to boost usage in utility and non-utility applications. Other technologies are concentrated solar power (CSP) and concentrated photovoltaic (CPV). CSP technology is projected to experience a gradual turn down in market share during the forecast years owing to decrease in many installations because of elevated costs involved. Though, since 2004, installed CSP capacity worldwide has amplified tenfold and has been rising at a standard of % during the last few years.
Product Outlook and Trend Analysis
In 2017, single axis trackers were the key product section reporting for around % of the overall market. The rising usage of single trackers for residential and commercial applications is expected to fuel the market growth. This section is expected to progressively lose share in the coming years since key companies have initiated installing dual axis trackers due to their efficiency and accuracy. The elevated land requirement, advanced technology, and the need to preserve motors & control systems are expected to raise O&M spending.
Application Outlook and Trend Analysis
In 2017, utility section was the major reporting for almost % of the global market share. Increasing cost of electricity along with elevated demand for energy production from alternative sources is anticipated to impact the market growth positively. Trackers have restricted application in the non-utility application owing to the space constraints and high installation cost. Residential applicants favor installing an additional PV panel rather than a tracker as it is cost proficient and aids in generating higher energy.
Regional Outlook and Trend Analysis
European region held the leading share of around % in the global industry. The global industry in this area is propelled by countries like Germany and Spain owing to the existence of a large number of market players. The growth of the European regional market can be assigned to tactical geographic location ensuing in highest quantity of sunlight in the entire Europe, over the year. Asia Pacific region is expected to be the highest-growing region during the forecast years. This region is anticipated to grow with the courtesy of growing investment in alternative energy by countries like India Chin, and Japan. The emerging countries of this region have been promoting their energy base to fulfill growing demand for power as well as taking actions to limit prospective energy utilization. South & Central America is anticipated to experience considerable growth during the next few years owing to elevated potential in this region, especially in Chile, Brazil, Colombia, and Argentina. A prominent number of PV installations in this region are anticipated to fuel the demand during the forecast years.
Competitive Outlook and Trend Analysis
The global market is fairly fused as major five competitors are accountable for around % of the global market share. Key companies have initiated the expansion in Asia Pacific region to furnish to the rising demand for alternative energy in this region. The major market participants are AllEarth Renewables, Array Technologies, Energia Ercam, Grupo Clavijo, DEGERenergie, First Solar, Hao, Mecasolar, Soitec, SmartTrak, Mechatron, Powerway Renewable Energy Co. Ltd, Sun Power Corporation and Titan Tracker.
The global solar trackers market is segmented as follows –
By Technology
- Solar Photovoltaic (PV)
- Concentrated Solar Power (CSP)
- Concentrated Photovoltaic (CPV)
By Product
- Single axis
- Dual axis
By Application
- Utility
- Non-utility
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 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
- Solar Tracker Market By Technology, Estimates and Forecast, 2014-2023 ($Million)
- Concentrated Solar Power (CSP)
- Solar Photovoltaic (PV)
- Concentrated Photovoltaic (CPV)
- Solar Tracker Market By Product, Estimates and Forecast, 2014-2023 ($Million)
- Single Axis
- Dual Axis
- Solar Tracker Market By Application, Estimates and Forecast, 2014-2023 ($Million)
- Utility
- Non-utility
- Solar Tracker Market By Region, Estimates and Forecast, 2014-2023 ($Million)
- North America
- North America Solar Tracker Market, By Country
- North America Solar Tracker Market, By Technology
- North America Solar Tracker Market, By Product
- North America Solar Tracker Market, By Application
- U.S. Solar Tracker Market, By Technology
- U.S. Solar Tracker Market, By Product
- U.S. Solar Tracker Market, By Application
- Canada Solar Tracker Market, By Technology
- Canada Solar Tracker Market, By Product
- Canada Solar Tracker Market, By Application
- Mexico Solar Tracker Market, By Technology
- Mexico Solar Tracker Market, By Product
- Mexico Solar Tracker Market, By Application
-
- Europe
- Europe Solar Tracker Market, By Country
- Europe Solar Tracker Market, By Technology
- Europe Solar Tracker Market, By Product
- Europe Solar Tracker Market, By Application
- Germany Solar Tracker Market, By Technology
- Germany Solar Tracker Market, By Product
- Germany Solar Tracker Market, By Application
- France Solar Tracker Market, By Technology
- France Solar Tracker Market, By Product
- France Solar Tracker Market, By Application
- UK Solar Tracker Market, By Technology
- UK Solar Tracker Market, By Product
- UK Solar Tracker Market, By Application
- Italy Solar Tracker Market, By Technology
- Italy Solar Tracker Market, By Product
- Italy Solar Tracker Market, By Application
- Spain Solar Tracker Market, By Technology
- Spain Solar Tracker Market, By Product
- Spain Solar Tracker Market, By Application
- Rest of Europe Solar Tracker Market, By Technology
- Rest of Europe Solar Tracker Market, By Product
- Rest of Europe Solar Tracker Market, By Application
-
- Asia-Pacific
- Asia-Pacific Solar Tracker Market, By Country
- Asia-Pacific Solar Tracker Market, By Technology
- Asia-Pacific Solar Tracker Market, By Product
- Asia-Pacific Solar Tracker Market, By Application
- Japan Solar Tracker Market, By Technology
- Japan Solar Tracker Market, By Product
- Japan Solar Tracker Market, By Application
- China Solar Tracker Market, By Technology
- China Solar Tracker Market, By Product
- China Solar Tracker Market, By Application
- Australia Solar Tracker Market, By Technology
- Australia Solar Tracker Market, By Product
- Australia Solar Tracker Market, By Application
- India Solar Tracker Market, By Technology
- India Solar Tracker Market, By Product
- India Solar Tracker Market, By Application
- South Korea Solar Tracker Market, By Technology
- South Korea Solar Tracker Market, By Product
- South Korea Solar Tracker Market, By Application
- Rest of Asia-Pacific Solar Tracker Market, By Technology
- Rest of Asia-Pacific Solar Tracker Market, By Product
- Rest of Asia-Pacific Solar Tracker Market, By Application
- Asia-Pacific
-
- Rest of the World
- Rest of the World Solar Tracker Market, By Country
- Rest of the World Solar Tracker Market, By Technology
- Rest of the World Solar Tracker Market, By Product
- Rest of the World Solar Tracker Market, By Application
- Brazil Solar Tracker Market, By Technology
- Brazil Solar Tracker Market, By Product
- Brazil Solar Tracker Market, By Application
- South Africa Solar Tracker Market, By Technology
- South Africa Solar Tracker Market, By Product
- South Africa Solar Tracker Market, By Application
- Saudi Arabia Solar Tracker Market, By Technology
- Saudi Arabia Solar Tracker Market, By Product
- Saudi Arabia Solar Tracker Market, By Application
- Turkey Solar Tracker Market, By Technology
- Turkey Solar Tracker Market, By Product
- Turkey Solar Tracker Market, By Application
- United Arab Emirates Solar Tracker Market, By Technology
- United Arab Emirates Solar Tracker Market, By Product
- United Arab Emirates Solar Tracker Market, By Application
- Others Solar Tracker Market, By Technology
- Others Solar Tracker Market, By Product
- Others Solar Tracker Market, By Application
- Rest of the World
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 Awareness about Renewable Energy
3.2.1.2. Increasing Emphasis on Controlling Climate Change
3.2.1.3. Favorable Regulatory Landscape
3.2.2. Restraints
3.2.3. Opportunities
4. Solar Tracker Market, By Technology
4.1. Introduction
4.2. Global Solar Tracker Sales, Revenue and Market Share by Technology (2017-2017)
4.2.1. Global Solar Tracker Sales and Sales Share by Technology (2017-2017)
4.2.2. Global Solar Tracker Revenue and Revenue Share by Technology (2017-2017)
4.3. Solar Tracker Market Assessment and Forecast, By Technology, 2017-2023
4.4. Concentrated Solar Power (CSP)
4.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.5. Solar Photovoltaic (PV)
4.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
4.6. Concentrated Photovoltaic (CPV)
4.6.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5. Solar Tracker Market, By Product
5.1. Introduction
5.2. Global Solar Tracker Sales, Revenue and Market Share by Product (2017-2017)
5.2.1. Global Solar Tracker Sales and Sales Share by Product (2017-2017)
5.2.2. Global Solar Tracker Revenue and Revenue Share by Product (2017-2017)
5.3. Solar Tracker Market Assessment and Forecast, By Product, 2017-2023
5.4. Single Axis
5.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
5.5. Dual Axis
5.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6. Solar Tracker Market, By Application
6.1. Introduction
6.2. Global Solar Tracker Sales, Revenue and Market Share by Application (2017-2017)
6.2.1. Global Solar Tracker Sales and Sales Share by Application (2017-2017)
6.2.2. Global Solar Tracker Revenue and Revenue Share by Application (2017-2017)
6.3. Solar Tracker Market Assessment and Forecast, By Application, 2017-2023
6.4. Utility
6.4.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
6.5. Non-utility
6.5.1. Market Assessment and Forecast, By Region, 2017-2023 ($Million)
7. Solar Tracker Market, By Region
7.1. Introduction
7.2. Solar Tracker Market Assessment and Forecast, By Region, 2017-2023 ($Million)
7.3. Global Solar Tracker Sales, Revenue and Market Share by Regions
7.3.1. Global Solar Tracker Sales by Regions (2017-2017)
7.3.2. Global Solar Tracker Revenue by Regions (2017-2017)
7.4. North America
7.4.1. North America Solar Tracker Sales and Growth Rate (2017-2017)
7.4.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.4.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.4. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.4.5. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.4.6. U.S.
7.4.6.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.6.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.4.6.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.4.7. Canada
7.4.7.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.7.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.4.7.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.4.8. Mexico
7.4.8.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.4.8.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.4.8.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5. Europe
7.5.1. Europe Solar Tracker Sales and Growth Rate (2017-2017)
7.5.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.5.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.4. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.5.5. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.6. Germany
7.5.6.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.6.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.5.6.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.7. France
7.5.7.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.7.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.5.7.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.8. UK
7.5.8.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.8.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.5.8.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.9. Italy
7.5.9.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.9.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.5.9.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.10. Spain
7.5.10.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.10.2. Assessment and Forecast, By Product, 2017-2023 ($Million)
7.5.10.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.5.11. Rest of Europe
7.5.11.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.5.11.2. Assessment and Forecast, By Product, 2017-2023 ($Million)
7.5.11.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6. Asia-Pacific
7.6.1. Asia-Pacific Solar Tracker Sales and Growth Rate (2017-2017)
7.6.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.6.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.4. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.6.5. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.6. Japan
7.6.6.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.6.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.6.6.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.7. China
7.6.7.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.7.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.6.7.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.8. Australia
7.6.8.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.8.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.6.8.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.9. India
7.6.9.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.9.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.6.9.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.10. South Korea
7.6.10.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.10.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.6.10.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.6.11. Rest of Asia-Pacific
7.6.11.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.6.11.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.6.11.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7. Rest of the World
7.7.1. Rest of the World Solar Tracker Sales and Growth Rate (2017-2017)
7.7.2. Market Assessment and Forecast, By Country, 2017-2023 ($Million)
7.7.3. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.7.4. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.7.5. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.6. Brazil
7.7.6.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.7.6.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.7.6.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.7. Turkey
7.7.7.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.7.7.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.7.7.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.8. Saudi Arabia
7.7.8.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.7.8.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.7.8.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.9. South Africa
7.7.9.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.7.9.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.7.9.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.10. United Arab Emirates
7.7.10.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.7.10.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.7.10.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
7.7.11. Others
7.7.11.1. Market Assessment and Forecast, By Technology, 2017-2023 ($Million)
7.7.11.2. Market Assessment and Forecast, By Product, 2017-2023 ($Million)
7.7.11.3. Market Assessment and Forecast, By Application, 2017-2023 ($Million)
8. Company Profiles
8.1. Wuxi Hao Solar Technology Co. Ltd.
8.1.1. Business Overview
8.1.2. Product Portfolio
8.1.3. Strategic Developments
8.1.4. Solar Tracker Sales, Revenue and Market Share
8.2. All Earth Renewables, Inc
8.2.1. Business Overview
8.2.2. Product Portfolio
8.2.3. Strategic Developments
8.2.4. Solar Tracker Sales, Revenue and Market Share
8.3. Abengoa Solar, S.A.
8.3.1. Business Overview
8.3.2. Product Portfolio
8.3.3. Strategic Developments
8.3.4. Solar Tracker Sales, Revenue and Market Share
8.4. Array Technologies, Inc.
8.4.1. Business Overview
8.4.2. Product Portfolio
8.4.3. Strategic Developments
8.4.4. Solar Tracker Sales, Revenue and Market Share
8.5. First Solar, Inc.
8.5.1. Business Overview
8.5.2. Product Portfolio
8.5.3. Strategic Developments
8.5.4. Solar Tracker Sales, Revenue and Market Share
8.6. SunPower Corporation
8.6.1. Business Overview
8.6.2. Product Portfolio
8.6.3. Strategic Developments
8.6.4. Solar Tracker Sales, Revenue and Market Share
8.7. DEGERenergie GmbH
8.7.1. Business Overview
8.7.2. Product Portfolio
8.7.3. Strategic Developments
8.7.4. Solar Tracker Sales, Revenue and Market Share
8.8. Grupo Clavijo Elt SL
8.8.1. Business Overview
8.8.2. Product Portfolio
8.8.3. Strategic Developments
8.8.4. Solar Tracker Sales, Revenue and Market Share
8.9. Powerway Renewable Energy Co., Ltd.
8.9.1. Business Overview
8.9.2. Product Portfolio
8.9.3. Strategic Developments
8.9.4. Solar Tracker Sales, Revenue and Market Share
8.10. Titan Tracker SL
8.10.1. Business Overview
8.10.2. Product Portfolio
8.10.3. Strategic Developments
8.10.4. Solar Tracker Sales, Revenue and Market Share
9. Global Solar Tracker Market Competition, by Manufacturer
9.1. Global Solar Tracker Sales and Market Share by Manufacturer (2017-2017)
9.2. Global Solar Tracker Revenue and Market Share by Manufacturer (2017-2017)
9.3. Top 5 Solar Tracker Manufacturer Market Share
9.4. Market Competition Trend
List of Tables
*You can glance through the list of Tables and Figures when you view the sample copy of Solar Tracker 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
|
Data Collection Matrix |
Supply Side |
Demand Side |
|
Primary Data Sources |
|
|
|
Secondary Data Sources |
|
|
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) |
|
|