Coal Bed Methane Market
Coal Bed Methane Market Forecasts to 2030 - Global Analysis By Production Type (Conventional and Unconventional), Technology, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $13.7 BN |
|
Projected Year Value (2030) |
US $20.5 BN |
|
CAGR (2024 - 2030) |
6.9% |
|
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 |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Coal Bed Methane Market is accounted for $13.7 billion in 2024 and is expected to reach $20.5 billion by 2030 growing at a CAGR of 6.9% during the forecast period. Coal Bed Methane (CBM) is a unique natural gas trapped within coal seams, primarily composed of methane (CH₄) formed during the coalification process. It is adsorbed onto the surface of coal particles and held in place by water pressure within the coal seam. Extracting CBM requires drilling wells into coal seams and reducing water pressure, which involves dewatering. Advanced drilling techniques like horizontal drilling and hydraulic fracturing improve gas recovery efficiency. CBM is considered a cleaner energy source compared to coal and oil, emitting lower levels of carbon dioxide and pollutants. It is used for electricity generation, industrial applications, and as a fuel for vehicles in the form of compressed natural gas (CNG).
According to the International Energy Agency (IEA), global energy-related CO2 emissions rose by 1.1% in 2023, increasing by 410 million tons from 2022, reaching a record high of 37.4 billion tons. This follows a 1.3% increase of 490 million tons in 2022.
Market Dynamics:
Driver:
Rising demand for cleaner energy
As global energy consumption continues to rise, industries and governments are shifting towards natural gas as a cleaner alternative to coal and oil. Coal bed methane, being a methane-based fuel, emits lower levels of carbon dioxide (CO₂), sulfur, and particulate matter compared to conventional fossil fuels. This aligns with international climate agreements and national policies aimed at reducing greenhouse gas emissions. Moreover, CBM provides a reliable energy security solution, particularly in regions with abundant coal reserves, reducing dependence on imported natural gas and crude oil boosting the market growth.
Restraint:
High initial capital & production costs
The drilling process, dewatering, and methane extraction involve expensive technologies, which increase operational costs. Additionally, the water management process in coal bed methane extraction is complex; requiring proper disposal or treatment of produced water, further adding to expenses. Many companies face difficulties in securing funding due to the uncertainty of methane yield from coal seams, which varies by location. These high costs, combined with fluctuating natural gas prices, can discourage investment in coal bed methane projects, limiting market growth.
Opportunity:
Innovations in extraction and production techniques
Innovations such as horizontal drilling, hydraulic fracturing, and enhanced coal seam stimulation have improved the efficiency of coal bed methane recovery. These advancements help in increasing gas extraction rates while reducing operational costs, making CBM production more economically viable. Additionally, the development of advanced water treatment technologies enables better management of produced water, addressing environmental concerns. In addition the integration of artificial intelligence (AI) and real-time monitoring in coal bed methane production also enhances efficiency, reducing methane leakage and improving safety measures encouraging the market growth.
Threat:
Rising adoption of renewable energy sources
Governments and industries are investing heavily in solar, wind, and hydrogen energy, which are perceived as more sustainable and long-term solutions for clean energy. Many countries have set ambitious targets for net-zero emissions, leading to policy changes that favor renewable over fossil fuels. Additionally, advancements in battery storage technology have improved the reliability of renewable energy, reducing dependence on natural gas-based power generation. As solar and wind energy become more cost-competitive, CBM may face reduced market share in the global energy transition.
Covid-19 Impact
The economic slowdown led to a decline in industrial activities, directly affecting the consumption of natural gas, including coal bed methane. Additionally, financial constraints during the pandemic resulted in the postponement of exploration and production projects, further slowing market growth. However, the pandemic also highlighted the need for energy diversification, leading some governments to reassess their domestic energy sources. As economies recover, the demand for cleaner and cost-effective energy sources is expected to drive renewed interest in coal bed methane projects.
The conventional segment is expected to be the largest during the forecast period
The conventional segment is expected to account for the largest market share during the forecast period due to its well-established extraction techniques and lower technical risks. Conventional coal bed methane extraction involves simpler drilling and dewatering processes, making it more attractive for companies with limited access to advanced technologies. Furthermore, regions with mature coal basins and existing gas infrastructure support the growth of conventional coal bed methane production driving the markets growth.
The power generation segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the power generation segment is predicted to witness the highest growth rate owing to stable and efficient fuel source for power generation, offering lower emissions compared to coal-fired power plants. The increasing electrification of industries and the need for reliable energy sources in developing countries are driving the demand for CBM-based electricity. Government incentives and policies supporting low-carbon energy sources are further encouraging the adoption of coal bed methane in power generation.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share due to extensive coal reserves and well-established natural gas infrastructure, making CBM production economically viable. The United States and Canada have been pioneers in unconventional gas exploration, supported by favorable government policies and regulatory frameworks. In addition, the demand for cleaner energy sources and energy independence has led to increasing investments in CBM extraction. North America’s stringent environmental regulations and advanced extraction technologies ensure sustainable CBM production, further solidifying its market dominance.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR owing to countries like China, India, and Australia are rapidly expanding their CBM production capabilities to meet growing energy demands. The region has vast untapped coal reserves, providing significant opportunities for extraction. Governments in China and India are actively supporting CBM projects through policy incentives and infrastructure development to reduce reliance on imported natural gas. This rising industrialization and urbanization in Asia Pacific are driving increased demand for affordable and cleaner energy, positioning the region as a key growth hub for CBM.
Key players in the market
Some of the key players in Coal Bed Methane market include Arrow Energy Pty Ltd., Baker Hughes, a GE Company LLC, Black Diamond Energy, ConocoPhillips Company, Essar, Exxon Mobil, G3 Exploration, Gazprom, Great Eastern Energy, Halliburton, IGas Energy, PetroChina Company Limited, Petroliam Nasional Berhad, Pioneer Natural Resources Company, Reliance Industries Limited and Royal dutch shel plc .
Key Developments:
In January 2025, Halliburton Energy Services and Coterra Energy Inc. announced the launch of autonomous hydraulic fracturing technology in North America with the Octiv® Auto Frac service, which is part of the ZEUS platform.
In April 2024, GE Aerospace announced its official launch as an independent public company defining the future of flight, following the completion of the GE Vernova spin-off. GE Aerospace will trade on the New York Stock Exchange (NYSE) under the ticker “GE”.
Production Types Covered:
• Conventional
• Unconventional
Technologies Covered:
• Horizontal Drilling
• Hydraulic Fracturing
• CO₂ Sequestration
• Gas Recovery
• Other Technologies
Applications Covered:
• Power Generation
• Manufacturing & Chemical Production
• Heating
• Transportation Fuel
• Other Applications
End Users Covered:
• Industrial
• Residential
• Commercial
• Other End Users
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 Coal Bed Methane Market, By Production Type
5.1 Introduction
5.2 Conventional
5.3 Unconventional
6 Global Coal Bed Methane Market, By Technology
6.1 Introduction
6.2 Horizontal Drilling
6.3 Hydraulic Fracturing
6.4 CO₂ Sequestration
6.5 Gas Recovery
6.6 Other Technologies
7 Global Coal Bed Methane Market, By Application
7.1 Introduction
7.2 Power Generation
7.3 Manufacturing & Chemical Production
7.4 Heating
7.5 Transportation Fuel
7.6 Other Applications
8 Global Coal Bed Methane Market, By End User
8.1 Introduction
8.2 Industrial
8.3 Residential
8.4 Commercial
8.5 Other End Users
9 Global Coal Bed Methane Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Arrow Energy Pty Ltd.
11.2 Baker Hughes, a GE Company LLC
11.3 Black Diamond Energy
11.4 ConocoPhillips Company
11.5 Essar
11.6 Exxon Mobil
11.7 G3 Exploration
11.8 Gazprom
11.9 Great Eastern Energy
11.10 Halliburton
11.11 IGas Energy
11.12 PetroChina Company Limited
11.13 Petroliam Nasional Berhad (PETRONAS)
11.14 Pioneer Natural Resources Company
11.15 Reliance Industries Limited
11.16 Royal dutch shel plc
List of Tables
1 Global Coal Bed Methane Market Outlook, By Region (2022-2030) ($MN)
2 Global Coal Bed Methane Market Outlook, By Production Type (2022-2030) ($MN)
3 Global Coal Bed Methane Market Outlook, By Conventional (2022-2030) ($MN)
4 Global Coal Bed Methane Market Outlook, By Unconventional (2022-2030) ($MN)
5 Global Coal Bed Methane Market Outlook, By Technology (2022-2030) ($MN)
6 Global Coal Bed Methane Market Outlook, By Horizontal Drilling (2022-2030) ($MN)
7 Global Coal Bed Methane Market Outlook, By Hydraulic Fracturing (2022-2030) ($MN)
8 Global Coal Bed Methane Market Outlook, By CO₂ Sequestration (2022-2030) ($MN)
9 Global Coal Bed Methane Market Outlook, By Gas Recovery (2022-2030) ($MN)
10 Global Coal Bed Methane Market Outlook, By Other Technologies (2022-2030) ($MN)
11 Global Coal Bed Methane Market Outlook, By Application (2022-2030) ($MN)
12 Global Coal Bed Methane Market Outlook, By Power Generation (2022-2030) ($MN)
13 Global Coal Bed Methane Market Outlook, By Manufacturing & Chemical Production (2022-2030) ($MN)
14 Global Coal Bed Methane Market Outlook, By Heating (2022-2030) ($MN)
15 Global Coal Bed Methane Market Outlook, By Transportation Fuel (2022-2030) ($MN)
16 Global Coal Bed Methane Market Outlook, By Other Applications (2022-2030) ($MN)
17 Global Coal Bed Methane Market Outlook, By End User (2022-2030) ($MN)
18 Global Coal Bed Methane Market Outlook, By Industrial (2022-2030) ($MN)
19 Global Coal Bed Methane Market Outlook, By Residential (2022-2030) ($MN)
20 Global Coal Bed Methane Market Outlook, By Commercial (2022-2030) ($MN)
21 Global Coal Bed Methane Market Outlook, By Other End Users (2022-2030) ($MN)
22 North America Coal Bed Methane Market Outlook, By Country (2022-2030) ($MN)
23 North America Coal Bed Methane Market Outlook, By Production Type (2022-2030) ($MN)
24 North America Coal Bed Methane Market Outlook, By Conventional (2022-2030) ($MN)
25 North America Coal Bed Methane Market Outlook, By Unconventional (2022-2030) ($MN)
26 North America Coal Bed Methane Market Outlook, By Technology (2022-2030) ($MN)
27 North America Coal Bed Methane Market Outlook, By Horizontal Drilling (2022-2030) ($MN)
28 North America Coal Bed Methane Market Outlook, By Hydraulic Fracturing (2022-2030) ($MN)
29 North America Coal Bed Methane Market Outlook, By CO₂ Sequestration (2022-2030) ($MN)
30 North America Coal Bed Methane Market Outlook, By Gas Recovery (2022-2030) ($MN)
31 North America Coal Bed Methane Market Outlook, By Other Technologies (2022-2030) ($MN)
32 North America Coal Bed Methane Market Outlook, By Application (2022-2030) ($MN)
33 North America Coal Bed Methane Market Outlook, By Power Generation (2022-2030) ($MN)
34 North America Coal Bed Methane Market Outlook, By Manufacturing & Chemical Production (2022-2030) ($MN)
35 North America Coal Bed Methane Market Outlook, By Heating (2022-2030) ($MN)
36 North America Coal Bed Methane Market Outlook, By Transportation Fuel (2022-2030) ($MN)
37 North America Coal Bed Methane Market Outlook, By Other Applications (2022-2030) ($MN)
38 North America Coal Bed Methane Market Outlook, By End User (2022-2030) ($MN)
39 North America Coal Bed Methane Market Outlook, By Industrial (2022-2030) ($MN)
40 North America Coal Bed Methane Market Outlook, By Residential (2022-2030) ($MN)
41 North America Coal Bed Methane Market Outlook, By Commercial (2022-2030) ($MN)
42 North America Coal Bed Methane Market Outlook, By Other End Users (2022-2030) ($MN)
43 Europe Coal Bed Methane Market Outlook, By Country (2022-2030) ($MN)
44 Europe Coal Bed Methane Market Outlook, By Production Type (2022-2030) ($MN)
45 Europe Coal Bed Methane Market Outlook, By Conventional (2022-2030) ($MN)
46 Europe Coal Bed Methane Market Outlook, By Unconventional (2022-2030) ($MN)
47 Europe Coal Bed Methane Market Outlook, By Technology (2022-2030) ($MN)
48 Europe Coal Bed Methane Market Outlook, By Horizontal Drilling (2022-2030) ($MN)
49 Europe Coal Bed Methane Market Outlook, By Hydraulic Fracturing (2022-2030) ($MN)
50 Europe Coal Bed Methane Market Outlook, By CO₂ Sequestration (2022-2030) ($MN)
51 Europe Coal Bed Methane Market Outlook, By Gas Recovery (2022-2030) ($MN)
52 Europe Coal Bed Methane Market Outlook, By Other Technologies (2022-2030) ($MN)
53 Europe Coal Bed Methane Market Outlook, By Application (2022-2030) ($MN)
54 Europe Coal Bed Methane Market Outlook, By Power Generation (2022-2030) ($MN)
55 Europe Coal Bed Methane Market Outlook, By Manufacturing & Chemical Production (2022-2030) ($MN)
56 Europe Coal Bed Methane Market Outlook, By Heating (2022-2030) ($MN)
57 Europe Coal Bed Methane Market Outlook, By Transportation Fuel (2022-2030) ($MN)
58 Europe Coal Bed Methane Market Outlook, By Other Applications (2022-2030) ($MN)
59 Europe Coal Bed Methane Market Outlook, By End User (2022-2030) ($MN)
60 Europe Coal Bed Methane Market Outlook, By Industrial (2022-2030) ($MN)
61 Europe Coal Bed Methane Market Outlook, By Residential (2022-2030) ($MN)
62 Europe Coal Bed Methane Market Outlook, By Commercial (2022-2030) ($MN)
63 Europe Coal Bed Methane Market Outlook, By Other End Users (2022-2030) ($MN)
64 Asia Pacific Coal Bed Methane Market Outlook, By Country (2022-2030) ($MN)
65 Asia Pacific Coal Bed Methane Market Outlook, By Production Type (2022-2030) ($MN)
66 Asia Pacific Coal Bed Methane Market Outlook, By Conventional (2022-2030) ($MN)
67 Asia Pacific Coal Bed Methane Market Outlook, By Unconventional (2022-2030) ($MN)
68 Asia Pacific Coal Bed Methane Market Outlook, By Technology (2022-2030) ($MN)
69 Asia Pacific Coal Bed Methane Market Outlook, By Horizontal Drilling (2022-2030) ($MN)
70 Asia Pacific Coal Bed Methane Market Outlook, By Hydraulic Fracturing (2022-2030) ($MN)
71 Asia Pacific Coal Bed Methane Market Outlook, By CO₂ Sequestration (2022-2030) ($MN)
72 Asia Pacific Coal Bed Methane Market Outlook, By Gas Recovery (2022-2030) ($MN)
73 Asia Pacific Coal Bed Methane Market Outlook, By Other Technologies (2022-2030) ($MN)
74 Asia Pacific Coal Bed Methane Market Outlook, By Application (2022-2030) ($MN)
75 Asia Pacific Coal Bed Methane Market Outlook, By Power Generation (2022-2030) ($MN)
76 Asia Pacific Coal Bed Methane Market Outlook, By Manufacturing & Chemical Production (2022-2030) ($MN)
77 Asia Pacific Coal Bed Methane Market Outlook, By Heating (2022-2030) ($MN)
78 Asia Pacific Coal Bed Methane Market Outlook, By Transportation Fuel (2022-2030) ($MN)
79 Asia Pacific Coal Bed Methane Market Outlook, By Other Applications (2022-2030) ($MN)
80 Asia Pacific Coal Bed Methane Market Outlook, By End User (2022-2030) ($MN)
81 Asia Pacific Coal Bed Methane Market Outlook, By Industrial (2022-2030) ($MN)
82 Asia Pacific Coal Bed Methane Market Outlook, By Residential (2022-2030) ($MN)
83 Asia Pacific Coal Bed Methane Market Outlook, By Commercial (2022-2030) ($MN)
84 Asia Pacific Coal Bed Methane Market Outlook, By Other End Users (2022-2030) ($MN)
85 South America Coal Bed Methane Market Outlook, By Country (2022-2030) ($MN)
86 South America Coal Bed Methane Market Outlook, By Production Type (2022-2030) ($MN)
87 South America Coal Bed Methane Market Outlook, By Conventional (2022-2030) ($MN)
88 South America Coal Bed Methane Market Outlook, By Unconventional (2022-2030) ($MN)
89 South America Coal Bed Methane Market Outlook, By Technology (2022-2030) ($MN)
90 South America Coal Bed Methane Market Outlook, By Horizontal Drilling (2022-2030) ($MN)
91 South America Coal Bed Methane Market Outlook, By Hydraulic Fracturing (2022-2030) ($MN)
92 South America Coal Bed Methane Market Outlook, By CO₂ Sequestration (2022-2030) ($MN)
93 South America Coal Bed Methane Market Outlook, By Gas Recovery (2022-2030) ($MN)
94 South America Coal Bed Methane Market Outlook, By Other Technologies (2022-2030) ($MN)
95 South America Coal Bed Methane Market Outlook, By Application (2022-2030) ($MN)
96 South America Coal Bed Methane Market Outlook, By Power Generation (2022-2030) ($MN)
97 South America Coal Bed Methane Market Outlook, By Manufacturing & Chemical Production (2022-2030) ($MN)
98 South America Coal Bed Methane Market Outlook, By Heating (2022-2030) ($MN)
99 South America Coal Bed Methane Market Outlook, By Transportation Fuel (2022-2030) ($MN)
100 South America Coal Bed Methane Market Outlook, By Other Applications (2022-2030) ($MN)
101 South America Coal Bed Methane Market Outlook, By End User (2022-2030) ($MN)
102 South America Coal Bed Methane Market Outlook, By Industrial (2022-2030) ($MN)
103 South America Coal Bed Methane Market Outlook, By Residential (2022-2030) ($MN)
104 South America Coal Bed Methane Market Outlook, By Commercial (2022-2030) ($MN)
105 South America Coal Bed Methane Market Outlook, By Other End Users (2022-2030) ($MN)
106 Middle East & Africa Coal Bed Methane Market Outlook, By Country (2022-2030) ($MN)
107 Middle East & Africa Coal Bed Methane Market Outlook, By Production Type (2022-2030) ($MN)
108 Middle East & Africa Coal Bed Methane Market Outlook, By Conventional (2022-2030) ($MN)
109 Middle East & Africa Coal Bed Methane Market Outlook, By Unconventional (2022-2030) ($MN)
110 Middle East & Africa Coal Bed Methane Market Outlook, By Technology (2022-2030) ($MN)
111 Middle East & Africa Coal Bed Methane Market Outlook, By Horizontal Drilling (2022-2030) ($MN)
112 Middle East & Africa Coal Bed Methane Market Outlook, By Hydraulic Fracturing (2022-2030) ($MN)
113 Middle East & Africa Coal Bed Methane Market Outlook, By CO₂ Sequestration (2022-2030) ($MN)
114 Middle East & Africa Coal Bed Methane Market Outlook, By Gas Recovery (2022-2030) ($MN)
115 Middle East & Africa Coal Bed Methane Market Outlook, By Other Technologies (2022-2030) ($MN)
116 Middle East & Africa Coal Bed Methane Market Outlook, By Application (2022-2030) ($MN)
117 Middle East & Africa Coal Bed Methane Market Outlook, By Power Generation (2022-2030) ($MN)
118 Middle East & Africa Coal Bed Methane Market Outlook, By Manufacturing & Chemical Production (2022-2030) ($MN)
119 Middle East & Africa Coal Bed Methane Market Outlook, By Heating (2022-2030) ($MN)
120 Middle East & Africa Coal Bed Methane Market Outlook, By Transportation Fuel (2022-2030) ($MN)
121 Middle East & Africa Coal Bed Methane Market Outlook, By Other Applications (2022-2030) ($MN)
122 Middle East & Africa Coal Bed Methane Market Outlook, By End User (2022-2030) ($MN)
123 Middle East & Africa Coal Bed Methane Market Outlook, By Industrial (2022-2030) ($MN)
124 Middle East & Africa Coal Bed Methane Market Outlook, By Residential (2022-2030) ($MN)
125 Middle East & Africa Coal Bed Methane Market Outlook, By Commercial (2022-2030) ($MN)
126 Middle East & Africa Coal Bed Methane Market Outlook, By Other End Users (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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