Blue Hydrogen Market
Blue Hydrogen Market Forecasts to 2030 - Global Analysis By Technology (Steam Methane Reforming (SMR), Carbon Capture & Storage (CCS), Autothermal Reforming (ATR), Oxyfuel Combustion, Water-Gas Shift Reaction (WGS) and Other Technologies), Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $19.62 BN |
|
Projected Year Value (2030) |
US $44.35 BN |
|
CAGR (2024 - 2030) |
13.9% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Middle East & Africa |
According to Stratistics MRC, the Global Blue Hydrogen Market is accounted for $19.62 billion in 2024 and is expected to reach $44.35 billion by 2030 growing at a CAGR of 13.9% during the forecast period. Blue hydrogen refers to hydrogen produced from natural gas through a process called steam methane reforming (SMR), which generates carbon dioxide (CO2) as a by-product. The CO2 emitted during SMR is captured and stored underground (carbon capture and storage, CCS) to mitigate its environmental impact. This approach aims to reduce greenhouse gas emissions compared to traditional natural gas use, positioning blue hydrogen as a transitional energy source towards a low-carbon future.
According to projections, the California fuel cell partnership hopes to have 1,000 hydrogen refuelling stations and one million FCEVs. It might provide roughly 30% of the country's end-use energy by 2050.
Market Dynamics:
Driver:
Industrial decarbonization
Blue hydrogen, produced from natural gas with carbon capture and storage (CCS), provides a low-carbon solution for industries striving to meet emission targets. As regulatory pressures and sustainability goals increase, industries seek blue hydrogen to transition from fossil fuels, thus boosting its market. Additionally, investments in CCS technology enhance blue hydrogen's viability, further accelerating its adoption in industrial applications and supporting market expansion.
Restraint:
Limited availability of CCS infrastructure and technology
CCS facilities are costly to build and operate, requiring significant investment and regulatory approval. Without adequate infrastructure, the potential for large-scale blue hydrogen production remains restricted, limiting its competitiveness against other energy sources. Additionally, uncertainties surrounding CCS technology performance and operational challenges further deter widespread adoption. Therefore, the limited availability of CCS infrastructure and technology hampers market growth by constraining the scalability and cost-effectiveness of production.
Opportunity:
Increasing awareness of sustainable energy solutions
Increasing awareness of sustainable energy solutions propels the blue hydrogen market by highlighting the need for cleaner alternatives to fossil fuels. Blue hydrogen offers a low-carbon energy option that aligns with environmental goals. As consumers, businesses, and governments become more conscious of sustainability, demand for blue hydrogen rises. This awareness drives investment and innovation in blue hydrogen production and infrastructure, fostering its market growth as a key component in the transition to a sustainable energy future.
Threat:
High initial costs
Implementing CCS involves significant capital investments in capturing CO2 emissions and storing them safely underground. These upfront expenses can deter potential investors and industries from adopting blue hydrogen, especially when compared to cheaper, conventional fossil fuel alternatives. Consequently, the high initial costs act as a barrier to market entry and expansion, slowing down the growth of the blue hydrogen market despite its environmental benefits and long-term cost-effectiveness.
Covid-19 Impact
The covid-19 pandemic initially slowed the blue hydrogen market due to reduced industrial activity and economic uncertainty, impacting investment and project timelines. However, as economies recover and environmental priorities remain strong, governments and industries are increasingly focusing on sustainable energy solutions. This renewed emphasis could accelerate investments in blue hydrogen as part of broader recovery plans, driven by its potential role in reducing greenhouse gas emissions and supporting energy transition goals.
The steam methane reforming (SMR) segment is expected to be the largest during the forecast period
The steam methane reforming (SMR) segment is estimated to have a lucrative growth. SMR is a key technology in the blue hydrogen market, responsible for converting natural gas into hydrogen and carbon dioxide. In SMR, methane reacts with high-temperature steam in the presence of a catalyst to produce hydrogen and CO2. The CO2 emitted can be captured and stored underground (carbon capture and storage, CCS), making SMR a viable method for producing hydrogen with reduced greenhouse gas emissions compared to traditional natural gas use.
The energy generation segment is expected to have the highest CAGR during the forecast period
The energy generation segment is anticipated to witness the highest CAGR growth during the forecast period. Blue hydrogen is increasingly explored for energy generation applications due to its potential to reduce carbon emissions compared to conventional fuels. It can be used in gas turbines for power generation, providing a cleaner alternative by producing water vapour as the primary emission instead of CO2. This makes blue hydrogen suitable for supporting renewable energy integration, enhancing energy security, and addressing environmental concerns in the transition towards a low-carbon energy future.
Region with largest share:
Asia Pacific is projected to hold the largest market share during the forecast period. Countries like Japan, South Korea, and China are leading in hydrogen adoption due to ambitious decarbonization goals and efforts to reduce reliance on fossil fuels. These nations possess significant natural gas reserves and are investing heavily in carbon capture and storage (CCS) technologies. Additionally, partnerships with international companies and research institutions are advancing technological developments and infrastructure; thereby the region shows strong potential for growth in the blue hydrogen sector.
Region with highest CAGR:
Middle East & Africa is projected to have the highest CAGR over the forecast period. The region, rich in natural gas resources and possessing extensive experience in energy production, views blue hydrogen as a strategic opportunity. Countries like Saudi Arabia, Qatar, and the UAE are exploring blue hydrogen as a means to capitalize on existing infrastructure and expertise in gas processing. The region’s significant investment in carbon capture technology and establishing regulatory frameworks further propels the growth of the market.
Key players in the market
Some of the key players profiled in the Blue Hydrogen Market include Linde PLC, Air Products and Chemicals, Mitsubishi Heavy Industries, Equinor, British Petroleum Company, Shell Corporation, TotalEnergies, Sinopec, Eni S.p.A, Gazprom, Petrobras, Orsted, Saudi Aramco, Qatar Petroleum, Woodside Energy.
Key Developments:
In September 2023, British Petroleum Company launched a six-week consultation on their proposals for H2Teesside, a facility which will produce blue hydrogen and enable large scale decarbonisation of local industry. H2Teesside aims to be one of the UK’s largest?blue hydrogen production facilities, targeting 1.2GW of hydrogen production?by 2030.
In February 2023, Linde PLC signed a long-term agreement to distribute and supply hydrogen to OCI's blue ammonia production plant in Texas, U.S. This agreement is expected to allow Linde Plc to strengthen its fuel and blue ammonia platform in supplying to the U.S. and international exports.
Technologies Covered:
• Steam Methane Reforming (SMR)
• Carbon Capture & Storage (CCS)
• Autothermal Reforming (ATR)
• Oxyfuel Combustion
• Water-Gas Shift Reaction (WGS)
• Other Technologies
Applications Covered:
• Industrial Feedstock
• Energy Generation
• Transportation Fuel
• Hydrogen Blending
• Energy Storage
• Other Applications
End Users Covered:
• Industrial Sector
• Residential Sector
• Commercial Sector
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Blue Hydrogen Market, By Technology
5.1 Introduction
5.2 Steam Methane Reforming (SMR)
5.3 Carbon Capture & Storage (CCS)
5.4 Autothermal Reforming (ATR)
5.5 Oxyfuel Combustion
5.6 Water-Gas Shift Reaction (WGS)
5.7 Other Technologies
6 Global Blue Hydrogen Market, By Application
6.1 Introduction
6.2 Industrial Feedstock
6.3 Energy Generation
6.4 Transportation Fuel
6.5 Hydrogen Blending
6.6 Energy Storage
6.7 Other Applications
7 Global Blue Hydrogen Market, By End User
7.1 Introduction
7.2 Industrial Sector
7.3 Residential Sector
7.4 Commercial Sector
8 Global Blue Hydrogen Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Linde PLC
10.2 Air Products and Chemicals
10.3 Mitsubishi Heavy Industries
10.4 Equinor
10.5 British Petroleum Company
10.6 Shell Corporation
10.7 TotalEnergies
10.8 Sinopec
10.9 Eni S.p.A
10.10 Gazprom
10.11 Petrobras
10.12 Orsted
10.13 Saudi Aramco
10.14 Qatar Petroleum
10.15 Woodside Energy
List of Tables
1 Global Blue Hydrogen Market Outlook, By Region (2022-2030) ($MN)
2 Global Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
3 Global Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
4 Global Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
5 Global Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
6 Global Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
7 Global Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
8 Global Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
9 Global Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
10 Global Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
11 Global Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
12 Global Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
13 Global Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
14 Global Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
15 Global Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
16 Global Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
17 Global Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
18 Global Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
19 Global Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
20 North America Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
21 North America Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
22 North America Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
23 North America Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
24 North America Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
25 North America Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
26 North America Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
27 North America Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
28 North America Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
29 North America Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
30 North America Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
31 North America Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
32 North America Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
33 North America Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
34 North America Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
35 North America Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
36 North America Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
37 North America Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
38 North America Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
39 Europe Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
40 Europe Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
41 Europe Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
42 Europe Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
43 Europe Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
44 Europe Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
45 Europe Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
46 Europe Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
47 Europe Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
48 Europe Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
49 Europe Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
50 Europe Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
51 Europe Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
52 Europe Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
53 Europe Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
54 Europe Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
55 Europe Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
56 Europe Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
57 Europe Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
58 Asia Pacific Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
59 Asia Pacific Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
60 Asia Pacific Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
61 Asia Pacific Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
62 Asia Pacific Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
63 Asia Pacific Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
64 Asia Pacific Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
65 Asia Pacific Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
66 Asia Pacific Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
67 Asia Pacific Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
68 Asia Pacific Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
69 Asia Pacific Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
70 Asia Pacific Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
71 Asia Pacific Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
72 Asia Pacific Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
73 Asia Pacific Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
74 Asia Pacific Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
75 Asia Pacific Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
76 Asia Pacific Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
77 South America Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
78 South America Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
79 South America Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
80 South America Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
81 South America Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
82 South America Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
83 South America Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
84 South America Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
85 South America Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
86 South America Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
87 South America Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
88 South America Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
89 South America Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
90 South America Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
91 South America Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
92 South America Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
93 South America Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
94 South America Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
95 South America Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
96 Middle East & Africa Blue Hydrogen Market Outlook, By Country (2022-2030) ($MN)
97 Middle East & Africa Blue Hydrogen Market Outlook, By Technology (2022-2030) ($MN)
98 Middle East & Africa Blue Hydrogen Market Outlook, By Steam Methane Reforming (SMR) (2022-2030) ($MN)
99 Middle East & Africa Blue Hydrogen Market Outlook, By Carbon Capture & Storage (CCS) (2022-2030) ($MN)
100 Middle East & Africa Blue Hydrogen Market Outlook, By Autothermal Reforming (ATR) (2022-2030) ($MN)
101 Middle East & Africa Blue Hydrogen Market Outlook, By Oxyfuel Combustion (2022-2030) ($MN)
102 Middle East & Africa Blue Hydrogen Market Outlook, By Water-Gas Shift Reaction (WGS) (2022-2030) ($MN)
103 Middle East & Africa Blue Hydrogen Market Outlook, By Other Technologies (2022-2030) ($MN)
104 Middle East & Africa Blue Hydrogen Market Outlook, By Application (2022-2030) ($MN)
105 Middle East & Africa Blue Hydrogen Market Outlook, By Industrial Feedstock (2022-2030) ($MN)
106 Middle East & Africa Blue Hydrogen Market Outlook, By Energy Generation (2022-2030) ($MN)
107 Middle East & Africa Blue Hydrogen Market Outlook, By Transportation Fuel (2022-2030) ($MN)
108 Middle East & Africa Blue Hydrogen Market Outlook, By Hydrogen Blending (2022-2030) ($MN)
109 Middle East & Africa Blue Hydrogen Market Outlook, By Energy Storage (2022-2030) ($MN)
110 Middle East & Africa Blue Hydrogen Market Outlook, By Other Applications (2022-2030) ($MN)
111 Middle East & Africa Blue Hydrogen Market Outlook, By End User (2022-2030) ($MN)
112 Middle East & Africa Blue Hydrogen Market Outlook, By Industrial Sector (2022-2030) ($MN)
113 Middle East & Africa Blue Hydrogen Market Outlook, By Residential Sector (2022-2030) ($MN)
114 Middle East & Africa Blue Hydrogen Market Outlook, By Commercial Sector (2022-2030) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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