Gas Turbine Market
PUBLISHED: 2022 ID: SMRC21462
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Gas Turbine Market

Gas Turbine Market Forecasts to 2028 – Global Analysis By Rated Capacity (1–40 MW, 40–120 MW, 120–300 MW, Above 300 MW), Design Type (Aeroderivative, Heavy Duty (Frame)), Application, and By Geography

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4.0 (23 reviews)
Published: 2022 ID: SMRC21462

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2021)

US $18.58 BN

Projected Year Value (2028)

US $24.29 BN

CAGR (2021 - 2028)

3.9%

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 Gas Turbine Market is accounted for $18.58 billion in 2021 and is expected to reach $24.29 billion by 2028 growing at a CAGR of 3.9% during the forecast period. Gas turbine is a combustion engine at the heart of a power plant that can convert natural gas or other liquid fuels to mechanical energy. This energy then drives a generator that produces the electrical energy that moves along power lines to homes and businesses. Gas turbines are used to power aircraft, trains, ships, electrical generators, pumps, gas compressors, and tanks.


 
Market Dynamics:

Driver:

Rising trend of distributed power generation


Distributed generation can be used for electric supply and mechanical work (providing torque to move objects). Usually, the electricity was previously delivered through small power plants with low voltage DC-based power distribution. The higher efficiency of gas turbines and reliable generation capacity give them an edge over other distributed generation technologies for providing backup power and onsite generation needs. Therefore, the rise of distributed power generation represents a major driver for the gas turbines market growth.

Restraint:

Consumers shifting focus toward renewable energy


If the US starts exporting natural gas to other markets, the reserve to production ratio would significantly decline. At the current production rate, the supply of global natural gas is sufficient to last for only half the time as that of coal, despite coal production and consumption being much higher in the fast-growing economies of Asia Pacific. Solar and wind power plants act as clean sources of energy. Investment in renewable energy is expected to impact fossil-fired power plants. Hence, limited natural gas reserves pose a challenge to the gas turbines market growth.

Opportunity:

Increasing use of electrical appliances


The increasing use of electrical appliances and growing industrialization because of rising economic activities in developing countries have escalated electricity demand. According to the Ministry of Statistics and Program Implementation Government of India, electricity production from utilities increased from 13, 03,493 GWh during 2017–2018 to 13,71,779 GWh during 2018-2019, registering an annual growth of about 5.24%. Therefore, the strict emission norms followed by developed nations and growing demand for electricity are expected to drive the installation of natural gas power plants, as natural gas emits less carbon dioxide.

Threat:

Volatile price of natural gas


The volatile price of natural gas is expected to hamper the growth of the gas turbine market during the forecast period. Prices of basic energy (natural gas, electricity, heating oil) are generally more volatile than prices of other commodities.  One reason that energy prices are so volatile is that many consumers are extremely limited in their ability to substitute other fuels when the price, of natural gas for example, fluctuates. It’s not just gas prices at the pump that are rising. The cost of natural gas has spiked too, creating another concern for consumers as inflation lingers at a 40-year high.

The above 300 MW segment is expected to be the largest during the forecast period

The above 300 MW segment is estimated to have a lucrative growth owing to the shift from coal to gas-based power plants in some of the major countries across the globe such as the U.S., China, and India. Moreover, the increase in power generation activities across the globe due to surge in demand for electricity as a result of population growth and rapid urbanization boosts the product demand. Thus, expansion of the power generation sector and increased focus on generating electricity through sustainable energy resources drive the demand for gas turbines, especially for turbines with rating capacity above 300 MW capacity.

The power generation segment is expected to have the highest CAGR during the forecast period

The power generation segment is anticipated to witness the fastest CAGR growth during the forecast period. Governments all over the world are now putting in efforts to reduce the share of coal-based power plants to reduce carbon emissions, which have the potential to render opportunities for increase in demand for gas turbines for power generation. In addition, the gas-based power generation is cheaper to install than the nuclear power plant. Moreover, it is a more reliable source as compared to renewables. Therefore, multiple benefits associated with gas-based power generation and urgency to reduce the carbon emission have fostered the demand for gas turbines.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the surge in demand for energy alternative having low environmental impact. Rapid industrialization and increase in urbanization are driving an enormous and ever-growing power demand in the region, which necessitates the development of numerous power generation projects. This, in turn, is driving the demand for gas turbines in China. The country identified the potential of renewable energy and gas-based generation for de-carbonizing the country and meeting the targets as per the Paris Agreement, which aims to substantially reduce global greenhouse gas emissions in an effort to limit the global temperature increase. With increase in share of gas-based generation, the demand for gas turbines is expected to increase.

Region with highest CAGR:

Middle East & Africa is projected to have the highest CAGR over the forecast period owing to the abundant availability of natural gas reserves along with favorable regulatory norms. Increasing energy demand coupled with shifting focus toward renewable energy generation will propel the market growth. For instance, the King Abdullah City for Atomic and Renewable Energy released a time-bound plan for the introduction of a competitive procurement process of 54 GW renewable energy by 2040. Surging industrialization along with the modernization of infrastructure by investing in gas-fired distributed energy will support gas power generation.



Key players in the market

Some of the key players profiled in the Gas Turbine Market include Ansaldo Energia, Bharat Heavy Electricals Limited, Capstone Green Energy Corporation, Centrax Gas Turbine, General Electric, Harbin Electric Machinery Company Limited, IHI Corporation, Kawasaki Heavy Industries, Ltd, MAN Energy Solutions, Mitsubishi Heavy Industries, Ltd, OPRA Turbines, Rolls-Royce plc, Siemens Energy, Solar Turbines Incorporated, and United Engine Corporation.

Key Developments:

In April 2021, Siemens Energy has signed an agreement with Spanish EPC contractor TSK to provide the company’s highly efficient energy technology and services to Atinkou (formerly known as Ciprel V), a new combined cycle power plant to be built in Jacqueville, Côte d'Ivoire. Owned by ATINKOU S.A., a subsidiary of Eranove, the power plant will have an installed capacity of 390 MW in combined cycle and introduces the first F-class gas turbine in the Sub-Saharan Africa. 

In June 2021, OPRA Turbines signed an agreement with Quanta. This partnership enabled Quanta to become a reseller for OPRA Turbines in the offshore oil & gas segment in the North Sea region.
 
Technologies Covered:
• Combined Cycle
• Open Cycle
 
Rated Capacities Covered:
• 1–40 MW
• 40–120 MW
• 120–300 MW
• Above 300 MW
 
Design Types Covered:
• Aeroderivative
• Heavy Duty (Frame)
 
Applications Covered:
• Aerospace
• Marine
• Oil & Gas
• Power Generation
• Process Plants

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 Technology Analysis     
 3.7 Application Analysis     
 3.8 Emerging Markets      
 3.9 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 Gas Turbine Market, By Technology    
 5.1 Introduction      
 5.2 Combined Cycle      
 5.3 Open Cycle      
         
6 Global Gas Turbine Market, By Rated Capacity    

 6.1 Introduction      
 6.2 1–40 MW       
 6.3 40–120 MW      
 6.4 120–300 MW      
 6.5 Above 300 MW      
         
7 Global Gas Turbine Market, By Design Type    
 7.1 Introduction      
 7.2 Aeroderivative      
 7.3 Heavy Duty (Frame)      
         
8 Global Gas Turbine Market, By Application    
 8.1 Introduction      
 8.2 Aerospace      
 8.3 Marine       
 8.4 Oil & Gas        
 8.5 Power Generation      
 8.6 Process Plants      
         
9 Global Gas Turbine 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 Ansaldo Energia      
 11.2 Bharat Heavy Electricals Limited    
 11.3 Capstone Green Energy Corporation    
 11.4 Centrax Gas Turbine     
 11.5 General Electric      
 11.6 Harbin Electric Machinery Company Limited   
 11.7 IHI Corporation      
 11.8 Kawasaki Heavy Industries, Ltd    
 11.9 MAN Energy Solutions     
 11.10 Mitsubishi Heavy Industries, Ltd    
 11.11 OPRA Turbines      
 11.12 Rolls-Royce plc      
 11.13 Siemens Energy      
 11.14 Solar Turbines Incorporated     
 11.15 United Engine Corporation     


List of Tables        
1 Global Gas Turbine Market Outlook, By Region (2020-2028) ($MN)  
2 Global Gas Turbine Market Outlook, By Technology (2020-2028) ($MN)  
3 Global Gas Turbine Market Outlook, By Combined Cycle (2020-2028) ($MN) 
4 Global Gas Turbine Market Outlook, By Open Cycle (2020-2028) ($MN)  
5 Global Gas Turbine Market Outlook, By Rated Capacity (2020-2028) ($MN) 
6 Global Gas Turbine Market Outlook, By 1–40 MW (2020-2028) ($MN)  
7 Global Gas Turbine Market Outlook, By 40–120 MW (2020-2028) ($MN)  
8 Global Gas Turbine Market Outlook, By 120–300 MW (2020-2028) ($MN)  
9 Global Gas Turbine Market Outlook, By Above 300 MW (2020-2028) ($MN) 
10 Global Gas Turbine Market Outlook, By Design Type (2020-2028) ($MN)  
11 Global Gas Turbine Market Outlook, By Aeroderivative (2020-2028) ($MN) 
12 Global Gas Turbine Market Outlook, By Heavy Duty (Frame) (2020-2028) ($MN) 
13 Global Gas Turbine Market Outlook, By Application (2020-2028) ($MN)  
14 Global Gas Turbine Market Outlook, By Aerospace (2020-2028) ($MN)  
15 Global Gas Turbine Market Outlook, By Marine (2020-2028) ($MN)  
16 Global Gas Turbine Market Outlook, By Oil & Gas (2020-2028) ($MN)  
17 Global Gas Turbine Market Outlook, By Power Generation (2020-2028) ($MN) 
18 Global Gas Turbine Market Outlook, By Process Plants (2020-2028) ($MN) 
19 North America Gas Turbine Market Outlook, By Country (2020-2028) ($MN) 
20 North America Gas Turbine Market Outlook, By Technology (2020-2028) ($MN) 
21 North America Gas Turbine Market Outlook, By Combined Cycle (2020-2028) ($MN) 
22 North America Gas Turbine Market Outlook, By Open Cycle (2020-2028) ($MN) 
23 North America Gas Turbine Market Outlook, By Rated Capacity (2020-2028) ($MN) 
24 North America Gas Turbine Market Outlook, By 1–40 MW (2020-2028) ($MN) 
25 North America Gas Turbine Market Outlook, By 40–120 MW (2020-2028) ($MN) 
26 North America Gas Turbine Market Outlook, By 120–300 MW (2020-2028) ($MN) 
27 North America Gas Turbine Market Outlook, By Above 300 MW (2020-2028) ($MN) 
28 North America Gas Turbine Market Outlook, By Design Type (2020-2028) ($MN) 
29 North America Gas Turbine Market Outlook, By Aeroderivative (2020-2028) ($MN) 
30 North America Gas Turbine Market Outlook, By Heavy Duty (Frame) (2020-2028) ($MN)
31 North America Gas Turbine Market Outlook, By Application (2020-2028) ($MN) 
32 North America Gas Turbine Market Outlook, By Aerospace (2020-2028) ($MN) 
33 North America Gas Turbine Market Outlook, By Marine (2020-2028) ($MN) 
34 North America Gas Turbine Market Outlook, By Oil & Gas (2020-2028) ($MN) 
35 North America Gas Turbine Market Outlook, By Power Generation (2020-2028) ($MN)
36 North America Gas Turbine Market Outlook, By Process Plants (2020-2028) ($MN) 
37 Europe Gas Turbine Market Outlook, By Country (2020-2028) ($MN)  
38 Europe Gas Turbine Market Outlook, By Technology (2020-2028) ($MN)  
39 Europe Gas Turbine Market Outlook, By Combined Cycle (2020-2028) ($MN) 
40 Europe Gas Turbine Market Outlook, By Open Cycle (2020-2028) ($MN)  
41 Europe Gas Turbine Market Outlook, By Rated Capacity (2020-2028) ($MN) 
42 Europe Gas Turbine Market Outlook, By 1–40 MW (2020-2028) ($MN)  
43 Europe Gas Turbine Market Outlook, By 40–120 MW (2020-2028) ($MN)  
44 Europe Gas Turbine Market Outlook, By 120–300 MW (2020-2028) ($MN)  
45 Europe Gas Turbine Market Outlook, By Above 300 MW (2020-2028) ($MN) 
46 Europe Gas Turbine Market Outlook, By Design Type (2020-2028) ($MN)  
47 Europe Gas Turbine Market Outlook, By Aeroderivative (2020-2028) ($MN) 
48 Europe Gas Turbine Market Outlook, By Heavy Duty (Frame) (2020-2028) ($MN) 
49 Europe Gas Turbine Market Outlook, By Application (2020-2028) ($MN)  
50 Europe Gas Turbine Market Outlook, By Aerospace (2020-2028) ($MN)  
51 Europe Gas Turbine Market Outlook, By Marine (2020-2028) ($MN)  
52 Europe Gas Turbine Market Outlook, By Oil & Gas (2020-2028) ($MN)  
53 Europe Gas Turbine Market Outlook, By Power Generation (2020-2028) ($MN) 
54 Europe Gas Turbine Market Outlook, By Process Plants (2020-2028) ($MN) 
55 Asia Pacific Gas Turbine Market Outlook, By Country (2020-2028) ($MN)  
56 Asia Pacific Gas Turbine Market Outlook, By Technology (2020-2028) ($MN) 
57 Asia Pacific Gas Turbine Market Outlook, By Combined Cycle (2020-2028) ($MN) 
58 Asia Pacific Gas Turbine Market Outlook, By Open Cycle (2020-2028) ($MN) 
59 Asia Pacific Gas Turbine Market Outlook, By Rated Capacity (2020-2028) ($MN) 
60 Asia Pacific Gas Turbine Market Outlook, By 1–40 MW (2020-2028) ($MN)  
61 Asia Pacific Gas Turbine Market Outlook, By 40–120 MW (2020-2028) ($MN) 
62 Asia Pacific Gas Turbine Market Outlook, By 120–300 MW (2020-2028) ($MN) 
63 Asia Pacific Gas Turbine Market Outlook, By Above 300 MW (2020-2028) ($MN) 
64 Asia Pacific Gas Turbine Market Outlook, By Design Type (2020-2028) ($MN) 
65 Asia Pacific Gas Turbine Market Outlook, By Aeroderivative (2020-2028) ($MN) 
66 Asia Pacific Gas Turbine Market Outlook, By Heavy Duty (Frame) (2020-2028) ($MN)
67 Asia Pacific Gas Turbine Market Outlook, By Application (2020-2028) ($MN) 
68 Asia Pacific Gas Turbine Market Outlook, By Aerospace (2020-2028) ($MN) 
69 Asia Pacific Gas Turbine Market Outlook, By Marine (2020-2028) ($MN)  
70 Asia Pacific Gas Turbine Market Outlook, By Oil & Gas (2020-2028) ($MN)  
71 Asia Pacific Gas Turbine Market Outlook, By Power Generation (2020-2028) ($MN) 
72 Asia Pacific Gas Turbine Market Outlook, By Process Plants (2020-2028) ($MN) 
73 South America Gas Turbine Market Outlook, By Country (2020-2028) ($MN) 
74 South America Gas Turbine Market Outlook, By Technology (2020-2028) ($MN) 
75 South America Gas Turbine Market Outlook, By Combined Cycle (2020-2028) ($MN) 
76 South America Gas Turbine Market Outlook, By Open Cycle (2020-2028) ($MN) 
77 South America Gas Turbine Market Outlook, By Rated Capacity (2020-2028) ($MN) 
78 South America Gas Turbine Market Outlook, By 1–40 MW (2020-2028) ($MN) 
79 South America Gas Turbine Market Outlook, By 40–120 MW (2020-2028) ($MN) 
80 South America Gas Turbine Market Outlook, By 120–300 MW (2020-2028) ($MN) 
81 South America Gas Turbine Market Outlook, By Above 300 MW (2020-2028) ($MN) 
82 South America Gas Turbine Market Outlook, By Design Type (2020-2028) ($MN) 
83 South America Gas Turbine Market Outlook, By Aeroderivative (2020-2028) ($MN) 
84 South America Gas Turbine Market Outlook, By Heavy Duty (Frame) (2020-2028) ($MN)
85 South America Gas Turbine Market Outlook, By Application (2020-2028) ($MN) 
86 South America Gas Turbine Market Outlook, By Aerospace (2020-2028) ($MN) 
87 South America Gas Turbine Market Outlook, By Marine (2020-2028) ($MN) 
88 South America Gas Turbine Market Outlook, By Oil & Gas (2020-2028) ($MN) 
89 South America Gas Turbine Market Outlook, By Power Generation (2020-2028) ($MN)
90 South America Gas Turbine Market Outlook, By Process Plants (2020-2028) ($MN) 
91 Middle East & Africa Gas Turbine Market Outlook, By Country (2020-2028) ($MN) 
92 Middle East & Africa Gas Turbine Market Outlook, By Technology (2020-2028) ($MN)
93 Middle East & Africa Gas Turbine Market Outlook, By Combined Cycle (2020-2028) ($MN)
94 Middle East & Africa Gas Turbine Market Outlook, By Open Cycle (2020-2028) ($MN)
95 Middle East & Africa Gas Turbine Market Outlook, By Rated Capacity (2020-2028) ($MN)
96 Middle East & Africa Gas Turbine Market Outlook, By 1–40 MW (2020-2028) ($MN) 
97 Middle East & Africa Gas Turbine Market Outlook, By 40–120 MW (2020-2028) ($MN)
98 Middle East & Africa Gas Turbine Market Outlook, By 120–300 MW (2020-2028) ($MN)
99 Middle East & Africa Gas Turbine Market Outlook, By Above 300 MW (2020-2028) ($MN)
100 Middle East & Africa Gas Turbine Market Outlook, By Design Type (2020-2028) ($MN)
101 Middle East & Africa Gas Turbine Market Outlook, By Aeroderivative (2020-2028) ($MN)
102 Middle East & Africa Gas Turbine Market Outlook, By Heavy Duty (Frame) (2020-2028) ($MN)
103 Middle East & Africa Gas Turbine Market Outlook, By Application (2020-2028) ($MN)
104 Middle East & Africa Gas Turbine Market Outlook, By Aerospace (2020-2028) ($MN) 
105 Middle East & Africa Gas Turbine Market Outlook, By Marine (2020-2028) ($MN) 
106 Middle East & Africa Gas Turbine Market Outlook, By Oil & Gas (2020-2028) ($MN) 
107 Middle East & Africa Gas Turbine Market Outlook, By Power Generation (2020-2028) ($MN)
108 Middle East & Africa Gas Turbine Market Outlook, By Process Plants (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


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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