Energy As A Service Market
Energy as a Service Market Forecasts to 2028 – Global Analysis By Component (Solutions, Services), End User (Industrial, Government, Residential, Commercial), and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $58.75 BN |
|
Projected Year Value (2028) |
US $100.69 BN |
|
CAGR (2021 - 2028) |
8.0% |
|
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 Energy as a Service Market is accounted for $58.75 billion in 2021 and is expected to reach $100.69 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Energy as a service is a swiftly growing and newly developed model that offers various energy related services and provides energy optimization solutions across small, medium and large businesses. Energy as a Service (EaaS) can be characterized as at one or more aspects of a customer’s energy portfolio including methodology, program the executives, vitality supply, vitality use, and resource the board by applying new items, administrations, financing instruments, and technology solutions. It also increases awareness toward better management and increased installation of distributed generation sources. Energy as a service is used in different service types and detailed overview on these segments is given in the market study.
Market Dynamics:
Driver:
Rising adoption of distributed energy resources
Increasing investment in energy distribution systems would create demand for distributed energy resources (DER), which will help to propel the market. Aging infrastructure for generating and transmitting power has forced utilities to invest and upgrade the policies for (DER). Distributed energy resources include renewable energy, demand-response capabilities, and other energy saving technologies to control and reduce energy use and better manage bills. For instance, the California Public Utilities Commission (CPUC) has planned to invest USD 9 billion over the next three years to upgrade its electric distribution system and enhance its capabilities to operate the system. Therefore, the rising need for distribution systems and significant investment to improve grid efficiency is expected to drive the demand for Energy as a Service market.
Restraint:
High transformation cost
The replacement of existing grid infrastructure advances the capabilities of the electricity delivery systems, which is driving the market growth. As per the Institute of Energy Economics and Financial Analysis, India needs an investment of USD 60-80 billion over the next five years in grid infrastructure to achieve its tremendous growth in renewable energy capacity. In addition, electric utilities have planned to invest USD 3.2 trillion globally in new and replacement transmission and distribution infrastructure. This infrastructure investment will be necessary due to growing electricity demand, aging assets, and new power generation projects, including intermittent renewable resources straining the grid. Therefore, the rising need for transforming grid infrastructure, which is primarily driven by significant investment, restrain the market growth.
Opportunity:
Growing investment in renewable energy sources
Growing investment in renewable energy is driving the EaaS market growth. Rising focus on integrating distributed generation, renewable energy, energy storage, thermally activated technologies, and demand response into the electricity distribution and transmission system has enabled more investment in renewable energy. According to the report on Global Trends in Renewable Energy Investment 2019 published by United Nations Environment Programme, global investment in renewable energy in 2018 increased to USD 272.9 billion, the fifth successive year in which it has exceeded USD 250 billion. In addition, the growing investment in storage solutions is also augmenting this market. For instance, in September 2018, the World Bank Group announced a program to invest USD 1 billion to accelerate investments in battery storage for energy systems in developing countries. This program aims at ramping up the use of renewable energy to improve energy security, increase grid stability, and expand access to electricity. Therefore, increasing investment in renewable energy sources and storage solutions will fuel the market in the forthcoming years.
Threat:
Disruptions due to COVID-19 pandemic
The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. Electricity demand dropped to lower levels under lockdown, with dramatic reductions in services and IT industries and partial offset by higher residential use. In June and July, the electricity demands, corrected itself by 10% and 5%, respectively, below the 2019 level of the same month in most countries except India, where the recovery was more pronounced. EaaS projects offer energy efficiency as well as cost saving for long term. However, high capital investments in initial stages have led many companies to reduce such investments. Companies are already struggling to keep up with fixed costs and trying to survive the impact from COVID-19, any commitment to such huge capital investment is either put off, cancelled, or delayed.
The commercial segment is expected to be the largest during the forecast period
The commercial segment is estimated to have a lucrative growth. The commercial segment is expected to hold the largest market share and the fastest growing market with energy service implementations being mandated across global regions in the commercial sector. The commercial segment includes industries such as educational institution, airports, healthcare, data centers, leisure centers, warehouses, hotels, and others. According to the American Council for an Energy-Efficient Economy, these establishments account for about 19% of the energy consumed in the US. Furthermore, commercial consumers will have access to their energy efficiency through energy as a service that will, in turn, help them improve their energy consumption. More than half the energy used by commercial buildings goes toward heating and lighting. This is mainly because of significant structural impacts, namely, economic growth.
The services segment is expected to have the highest CAGR during the forecast period
The services segment is anticipated to witness the fastest CAGR growth during the forecast period. With the increasing prices, the consumers are looking to procure resilient energy supply to ensure that they can operate without the grid. Also, with the growing focus on various energy supply sources such as renewable, fossil fuels, nuclear, biomass, and biofuels, energy as a service model mainly supports renewable energy as it lowers energy costs, reduces carbon footprint, ensures high energy efficiency, and is environment-friendly. It also helps the operators customize energy generation designs based on consumer requirement, which are modern and robust. It enables easy and rapid integration of distributed generation and energy storage assets. It gives the consumers the flexibility of choice on ownership, pricing, and financing.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to the increase in the share of renewable power generation and energy efficiency activities in the region. Utilities in countries such as the US, Canada, and Mexico are implementing energy efficiency projects and are looking to cut down energy generation costs. New approaches such as pay-for-performance are being introduced in the US to achieve energy efficiency at a larger scale in the commercial sector. For example, in California, energy efficiency policies have mandated that at least 60% of the savings achieved in obligation schemes need to be delivered by third-party service providers.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the presence of key players and huge consumer base in the region. Furthermore, energy as a service is gaining importance, owing to increase in transformation across the energy industry including digitization, decarbonization, and rapid growth in distribution generation services, which is expected to augment growth of the energy as a service (EAAS) market during the forecast period. Moreover, the adoption of green building models, increasing investment in renewable energy, and rising government support are the prominent factors attributed to the market's growth.
Key players in the market
Some of the key players profiled in the Energy as a Service Market include Bernhard Energy Solutions, Ameresco Inc, Edison, Honeywell, Alpiq, General Electric, Johnson Controls, Noresco, Schneider Electric, Enertika, Engie, Siemens, Smartwatt, Veolia, and WGL Energy.
Key Developments:
In June 2021, Honeywell launches Battery Energy storage systems platform to help users forecast and optimize energy costs. This product launch will expand the product portfolio of the company in the battery storage for grid stability and energy resource management.
In July 2021, Ameresco Inc., a leading firm in energy efficiency and renewable energy, signed a contract for a long-term energy-as-a-service agreement with Northwestern University. The company will deliver ongoing energy management and related services and identify and implement energy efficiency upgradation for the campus.
In August 2021, Engie Group has signed an agreement with Google to supply a carbon-free energy agreement in Germany. The agreement will contribute to google 2030 carbon-free energy targets for its data center, cloud region, and offices worldwide.
In August 2020, Schneider Electric, the French multinational corporation is providing energy and digital automation solutions, partnered with Huck Capital, an investment firm, to deliver clean energy as a service to commercial and industrial buildings.
Components Covered:
• Solutions
• Services
End User Covered:
• Industrial
• Government
• Residential
• Commercial
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 2020, 2021, 2022, 2025, and 2028
- 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 End User Analysis
3.7 Emerging Markets
3.8 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 Energy as a Service Market, By Component
5.1 Introduction
5.2 Solutions
5.2.1 Load Management Solution
5.2.2 Energy Portfolio Advisory Solution
5.2.3 Off-Site Energy Supply
5.2.4 On-Site Energy Supply
5.3 Services
5.3.1 Energy Efficiency & Optimization Services
5.3.2 Energy Supply Services
5.3.3 Operational and Maintenance Services
5.3.4 Demand Services
5.3.5 Infrastructure Services
5.3.6 Technical Services
5.3.7 Power Generation Services
6 Global Energy as a Service Market, By End User
6.1 Introduction
6.2 Industrial
6.3 Government
6.4 Residential
6.5 Commercial
7 Global Energy as a Service Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Bernhard Energy Solutions
9.2 Ameresco Inc
9.3 Edison
9.4 Honeywell
9.5 Alpiq
9.6 General Electric
9.7 Johnson Controls
9.8 Noresco
9.9 Schneider Electric
9.10 Enertika
9.11 Engie
9.12 Siemens
9.13 Smartwatt
9.14 Veolia
9.15 WGL Energy
List of Tables
1 Global Energy as a Service Market Outlook, By Region (2020-2028) ($MN)
2 Global Energy as a Service Market Outlook, By Component (2020-2028) ($MN)
3 Global Energy as a Service Market Outlook, By Solutions (2020-2028) ($MN)
4 Global Energy as a Service Market Outlook, By Load Management Solution (2020-2028) ($MN)
5 Global Energy as a Service Market Outlook, By Energy Portfolio Advisory Solution (2020-2028) ($MN)
6 Global Energy as a Service Market Outlook, By Off-Site Energy Supply (2020-2028) ($MN)
7 Global Energy as a Service Market Outlook, By On-Site Energy Supply (2020-2028) ($MN)
8 Global Energy as a Service Market Outlook, By Services (2020-2028) ($MN)
9 Global Energy as a Service Market Outlook, By Energy Efficiency & Optimization Services (2020-2028) ($MN)
10 Global Energy as a Service Market Outlook, By Energy Supply Services (2020-2028) ($MN)
11 Global Energy as a Service Market Outlook, By Operational and Maintenance Services (2020-2028) ($MN)
12 Global Energy as a Service Market Outlook, By Demand Services (2020-2028) ($MN)
13 Global Energy as a Service Market Outlook, By Infrastructure Services (2020-2028) ($MN)
14 Global Energy as a Service Market Outlook, By Technical Services (2020-2028) ($MN)
15 Global Energy as a Service Market Outlook, By Power Generation Services (2020-2028) ($MN)
16 Global Energy as a Service Market Outlook, By End User (2020-2028) ($MN)
17 Global Energy as a Service Market Outlook, By Industrial (2020-2028) ($MN)
18 Global Energy as a Service Market Outlook, By Government (2020-2028) ($MN)
19 Global Energy as a Service Market Outlook, By Residential (2020-2028) ($MN)
20 Global Energy as a Service Market Outlook, By Commercial (2020-2028) ($MN)
21 North America Energy as a Service Market Outlook, By Country (2020-2028) ($MN)
22 North America Energy as a Service Market Outlook, By Component (2020-2028) ($MN)
23 North America Energy as a Service Market Outlook, By Solutions (2020-2028) ($MN)
24 North America Energy as a Service Market Outlook, By Load Management Solution (2020-2028) ($MN)
25 North America Energy as a Service Market Outlook, By Energy Portfolio Advisory Solution (2020-2028) ($MN)
26 North America Energy as a Service Market Outlook, By Off-Site Energy Supply (2020-2028) ($MN)
27 North America Energy as a Service Market Outlook, By On-Site Energy Supply (2020-2028) ($MN)
28 North America Energy as a Service Market Outlook, By Services (2020-2028) ($MN)
29 North America Energy as a Service Market Outlook, By Energy Efficiency & Optimization Services (2020-2028) ($MN)
30 North America Energy as a Service Market Outlook, By Energy Supply Services (2020-2028) ($MN)
31 North America Energy as a Service Market Outlook, By Operational and Maintenance Services (2020-2028) ($MN)
32 North America Energy as a Service Market Outlook, By Demand Services (2020-2028) ($MN)
33 North America Energy as a Service Market Outlook, By Infrastructure Services (2020-2028) ($MN)
34 North America Energy as a Service Market Outlook, By Technical Services (2020-2028) ($MN)
35 North America Energy as a Service Market Outlook, By Power Generation Services (2020-2028) ($MN)
36 North America Energy as a Service Market Outlook, By End User (2020-2028) ($MN)
37 North America Energy as a Service Market Outlook, By Industrial (2020-2028) ($MN)
38 North America Energy as a Service Market Outlook, By Government (2020-2028) ($MN)
39 North America Energy as a Service Market Outlook, By Residential (2020-2028) ($MN)
40 North America Energy as a Service Market Outlook, By Commercial (2020-2028) ($MN)
41 Europe Energy as a Service Market Outlook, By Country (2020-2028) ($MN)
42 Europe Energy as a Service Market Outlook, By Component (2020-2028) ($MN)
43 Europe Energy as a Service Market Outlook, By Solutions (2020-2028) ($MN)
44 Europe Energy as a Service Market Outlook, By Load Management Solution (2020-2028) ($MN)
45 Europe Energy as a Service Market Outlook, By Energy Portfolio Advisory Solution (2020-2028) ($MN)
46 Europe Energy as a Service Market Outlook, By Off-Site Energy Supply (2020-2028) ($MN)
47 Europe Energy as a Service Market Outlook, By On-Site Energy Supply (2020-2028) ($MN)
48 Europe Energy as a Service Market Outlook, By Services (2020-2028) ($MN)
49 Europe Energy as a Service Market Outlook, By Energy Efficiency & Optimization Services (2020-2028) ($MN)
50 Europe Energy as a Service Market Outlook, By Energy Supply Services (2020-2028) ($MN)
51 Europe Energy as a Service Market Outlook, By Operational and Maintenance Services (2020-2028) ($MN)
52 Europe Energy as a Service Market Outlook, By Demand Services (2020-2028) ($MN)
53 Europe Energy as a Service Market Outlook, By Infrastructure Services (2020-2028) ($MN)
54 Europe Energy as a Service Market Outlook, By Technical Services (2020-2028) ($MN)
55 Europe Energy as a Service Market Outlook, By Power Generation Services (2020-2028) ($MN)
56 Europe Energy as a Service Market Outlook, By End User (2020-2028) ($MN)
57 Europe Energy as a Service Market Outlook, By Industrial (2020-2028) ($MN)
58 Europe Energy as a Service Market Outlook, By Government (2020-2028) ($MN)
59 Europe Energy as a Service Market Outlook, By Residential (2020-2028) ($MN)
60 Europe Energy as a Service Market Outlook, By Commercial (2020-2028) ($MN)
61 Asia Pacific Energy as a Service Market Outlook, By Country (2020-2028) ($MN)
62 Asia Pacific Energy as a Service Market Outlook, By Component (2020-2028) ($MN)
63 Asia Pacific Energy as a Service Market Outlook, By Solutions (2020-2028) ($MN)
64 Asia Pacific Energy as a Service Market Outlook, By Load Management Solution (2020-2028) ($MN)
65 Asia Pacific Energy as a Service Market Outlook, By Energy Portfolio Advisory Solution (2020-2028) ($MN)
66 Asia Pacific Energy as a Service Market Outlook, By Off-Site Energy Supply (2020-2028) ($MN)
67 Asia Pacific Energy as a Service Market Outlook, By On-Site Energy Supply (2020-2028) ($MN)
68 Asia Pacific Energy as a Service Market Outlook, By Services (2020-2028) ($MN)
69 Asia Pacific Energy as a Service Market Outlook, By Energy Efficiency & Optimization Services (2020-2028) ($MN)
70 Asia Pacific Energy as a Service Market Outlook, By Energy Supply Services (2020-2028) ($MN)
71 Asia Pacific Energy as a Service Market Outlook, By Operational and Maintenance Services (2020-2028) ($MN)
72 Asia Pacific Energy as a Service Market Outlook, By Demand Services (2020-2028) ($MN)
73 Asia Pacific Energy as a Service Market Outlook, By Infrastructure Services (2020-2028) ($MN)
74 Asia Pacific Energy as a Service Market Outlook, By Technical Services (2020-2028) ($MN)
75 Asia Pacific Energy as a Service Market Outlook, By Power Generation Services (2020-2028) ($MN)
76 Asia Pacific Energy as a Service Market Outlook, By End User (2020-2028) ($MN)
77 Asia Pacific Energy as a Service Market Outlook, By Industrial (2020-2028) ($MN)
78 Asia Pacific Energy as a Service Market Outlook, By Government (2020-2028) ($MN)
79 Asia Pacific Energy as a Service Market Outlook, By Residential (2020-2028) ($MN)
80 Asia Pacific Energy as a Service Market Outlook, By Commercial (2020-2028) ($MN)
81 South America Energy as a Service Market Outlook, By Country (2020-2028) ($MN)
82 South America Energy as a Service Market Outlook, By Component (2020-2028) ($MN)
83 South America Energy as a Service Market Outlook, By Solutions (2020-2028) ($MN)
84 South America Energy as a Service Market Outlook, By Load Management Solution (2020-2028) ($MN)
85 South America Energy as a Service Market Outlook, By Energy Portfolio Advisory Solution (2020-2028) ($MN)
86 South America Energy as a Service Market Outlook, By Off-Site Energy Supply (2020-2028) ($MN)
87 South America Energy as a Service Market Outlook, By On-Site Energy Supply (2020-2028) ($MN)
88 South America Energy as a Service Market Outlook, By Services (2020-2028) ($MN)
89 South America Energy as a Service Market Outlook, By Energy Efficiency & Optimization Services (2020-2028) ($MN)
90 South America Energy as a Service Market Outlook, By Energy Supply Services (2020-2028) ($MN)
91 South America Energy as a Service Market Outlook, By Operational and Maintenance Services (2020-2028) ($MN)
92 South America Energy as a Service Market Outlook, By Demand Services (2020-2028) ($MN)
93 South America Energy as a Service Market Outlook, By Infrastructure Services (2020-2028) ($MN)
94 South America Energy as a Service Market Outlook, By Technical Services (2020-2028) ($MN)
95 South America Energy as a Service Market Outlook, By Power Generation Services (2020-2028) ($MN)
96 South America Energy as a Service Market Outlook, By End User (2020-2028) ($MN)
97 South America Energy as a Service Market Outlook, By Industrial (2020-2028) ($MN)
98 South America Energy as a Service Market Outlook, By Government (2020-2028) ($MN)
99 South America Energy as a Service Market Outlook, By Residential (2020-2028) ($MN)
100 South America Energy as a Service Market Outlook, By Commercial (2020-2028) ($MN)
101 Middle East & Africa Energy as a Service Market Outlook, By Country (2020-2028) ($MN)
102 Middle East & Africa Energy as a Service Market Outlook, By Component (2020-2028) ($MN)
103 Middle East & Africa Energy as a Service Market Outlook, By Solutions (2020-2028) ($MN)
104 Middle East & Africa Energy as a Service Market Outlook, By Load Management Solution (2020-2028) ($MN)
105 Middle East & Africa Energy as a Service Market Outlook, By Energy Portfolio Advisory Solution (2020-2028) ($MN)
106 Middle East & Africa Energy as a Service Market Outlook, By Off-Site Energy Supply (2020-2028) ($MN)
107 Middle East & Africa Energy as a Service Market Outlook, By On-Site Energy Supply (2020-2028) ($MN)
108 Middle East & Africa Energy as a Service Market Outlook, By Services (2020-2028) ($MN)
109 Middle East & Africa Energy as a Service Market Outlook, By Energy Efficiency & Optimization Services (2020-2028) ($MN)
110 Middle East & Africa Energy as a Service Market Outlook, By Energy Supply Services (2020-2028) ($MN)
111 Middle East & Africa Energy as a Service Market Outlook, By Operational and Maintenance Services (2020-2028) ($MN)
112 Middle East & Africa Energy as a Service Market Outlook, By Demand Services (2020-2028) ($MN)
113 Middle East & Africa Energy as a Service Market Outlook, By Infrastructure Services (2020-2028) ($MN)
114 Middle East & Africa Energy as a Service Market Outlook, By Technical Services (2020-2028) ($MN)
115 Middle East & Africa Energy as a Service Market Outlook, By Power Generation Services (2020-2028) ($MN)
116 Middle East & Africa Energy as a Service Market Outlook, By End User (2020-2028) ($MN)
117 Middle East & Africa Energy as a Service Market Outlook, By Industrial (2020-2028) ($MN)
118 Middle East & Africa Energy as a Service Market Outlook, By Government (2020-2028) ($MN)
119 Middle East & Africa Energy as a Service Market Outlook, By Residential (2020-2028) ($MN)
120 Middle East & Africa Energy as a Service Market Outlook, By Commercial (2020-2028) ($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.
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