Heat Recovery Steam Generator Market
Heat Recovery Steam Generator Market Forecasts to 2030 - Global Analysis By Design (Vertical drum, Horizontal drum, Modular Construction, Bundle Construction, C-section Construction and Other Designs), Mode of Operation (Combined Cycle and Cogeneration), Application, End User and By Geography
|
Years Covered |
2021-2030 |
|
Estimated Year Value (2023) |
US $1.35 BN |
|
Projected Year Value (2030) |
US $2.06 BN |
|
CAGR (2023 - 2030) |
6.2% |
|
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 |
North America |
According to Stratistics MRC, the Global Heat Recovery Steam Generator Market is accounted for $1.35 billion in 2023 and is expected to reach $2.06 billion by 2030 growing at a CAGR of 6.2% during the forecast period. The Heat Recovery Steam Generator (HRSG) is a heat exchanger that recovers energy by enhancing the heat from a hot gas stream, such as one produced by a combustion turbine or another waste gas stream. Steam produced through heat recovery can be used in a process or to power a steam turbine. Systems for recovering heat that use cogeneration technology are well known for their high levels of efficiency while consuming less fuel than traditional systems. They are therefore a suitable green substitute for fuel optimization.
According to the U.S. Department of Energy, combustion air preheat is anticipated to optimize the furnace efficiency by as much as 50.0%.
Market Dynamics:
Driver:
Growing interest in clean energy sources
In the power sector, clean energy is gaining significant traction. A clean energy source is more flexible in the power system, highly efficient, dependable, and technologically advanced. Thermal plant power generation has severely impacted the environment by increasing carbon emission levels and causing global warming. As a result, clean energy has grown significantly, enabling the use of combined-cycle power plants and cogeneration to produce electricity.
Restraint:
High maintenance and initial investment costs
A collection of heat exchangers, comprising economizers to heat water nearly to saturation, superheaters to produce superheated steam, and evaporators to produce saturated steam, make up a heat recovery steam generator. One or two circuits with higher pressures are added to the system in order to extract more energy from the gas turbine exhaust gas. However, this raises the level of extraction. The power output of the steam turbine grows with each additional degree of pressure, which in turn raises the expense of the HRSG system's maintenance.
Opportunity:
Industrial growth will be accelerated by limiting greenhouse gas emissions
As a result of rising electricity consumption, there is a rise in power production and greenhouse gas emissions. To reduce emissions globally, there are stringent rules, official initiatives, and considerable investments. The most reliable and efficient energy sources for reducing greenhouse gas emissions are cogeneration and combined-cycle power plants. Additionally, the heat recovery steam generator in a combined cycle power plant takes heat from a hot gas stream. Thus, demand is rising as a result of adopting combined cycle power plants to reduce greenhouse gas emissions.
Threat:
Availability of alternatives
The demand for heat-recovery steam generators may be directly related to the development of CCPP and CHP facilities. Although pen-cycle and single-cycle plants are straightforward, inexpensive, and easy to build, some operators still rely on them. They also demand less space and equipment to run than CCPP. They don't require heat recovery system generators, which is more crucial because they may further degrade and cause restrictions.
Covid-19 Impact
The sharp decline in crude oil prices brought on by the pandemic's economic downturn has had a significant influence on the power generation industry, which in turn has had an effect on the world market for HRSG. The supply chain for manufacturers as well as the shipping of the HRSG units are impeded as a result of the transportation limitations. Moreover, particularly in the chemical sector, demand fell across all end markets, and the stock prices of these businesses suffered historically high losses.
The Commercial segment is expected to be the largest during the forecast period
As shopping malls can employ heat exchangers to operate the air conditioning system operating throughout the institution, the commercial category is anticipated to have the largest share of the market. Additionally, governments are also contributing financially to infrastructure expansion in their constituents' areas. For instance, in September 2022, Shanghai announced eight infrastructure projects with a combined investment of over USD 257 billion. The commercial outlook will improve as a result of the increased deployment of heat recovery steam generators brought on by this strong emphasis on infrastructure construction.
The horizontal drum segment is expected to have the highest CAGR during the forecast period
Due to the fact that horizontal drums are typically composed of higher-tensile-strength materials like titanium, carbon steel, clad steel, and copper alloy, the market for this category is predicted to develop profitably throughout the forecast period. Additionally, the water is heated in vertically placed evaporator tubes while the flow of gas is horizontal, creating a natural and economical circulation effect. For the power generation, oil and gas, and refinery industries, it offers greater efficiency and a zero-defect rate.
Region with largest share:
Due to increased investments in the oil and gas sector following the drop-in oil prices, particularly in the region, Asia Pacific held the largest share of the market during the projected period, which is certainly influencing the demand for HRSG systems. Additionally, it is projected that ongoing refinery and petrochemical plant expansion plans due to the exponentially rising demand for hydrocarbon products will further accelerate the expansion of the HRSG market.
Region with highest CAGR:
Due to the need for energy-producing technology that is increasing rapidly in the developed region of North America, the region is predicted to experience lucrative growth. Moreover, owing to an increase in industrial activity in emerging economies and a rise in demand for energy-efficient technology, a steady market expansion is also projected in the area. Additionally, by promoting combined heat and power-friendly regulations and utility provision, the federal and state governments offer a variety of incentives and methods to lower operational costs in the region.
Key players in the market
Some of the key players in the Heat Recovery Steam Generator Market include Babcock & Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited (BHEL), Clayton Industries, Kawasaki Heavy Industries, Ltd., Larsen & Toubro Limited, Cleaver-Brooks, Mitsubishi Heavy Industries, Ltd., John Wood Group PLC, General Electric, Siemens Energy, Rentech Boilers, Kelvion Holding GmbH and Thermax Limited.
Key Developments:
In September 2023, Berkeley engineers partner with Siemens Energy on $3.7M DOE project to explore direct air capture for carbon sequestration. The DAC system will be anchored around Siemens Energy’s large-scale solid sorbent capture technology, with smaller deployments of next-generation capture technologies.
In March 2023, Larsen & Toubro (L&T),an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, have entered into an Electrolyzer Manufacturing Binding Agreement with McPhy Energy , a France-based leading electrolyzer technology and manufacturing company, for a long-term partnership to explore the opportunities unfolding in the emerging Green Hydrogen sector.
Designs Covered:
• Vertical drum
• Horizontal drum
• Modular Construction
• Bundle Construction
• C-section Construction
• Other Designs
Mode of Operations Covered:
• Combined Cycle
• Cogeneration
Applications Covered:
• Commercial
• Chemicals
• Pulp & Paper
• Other Applications
End Users Covered:
• Power and Utility
• Fertilizer Plants
• Oil and Gas Facilities
• 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 2021, 2022, 2023, 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 Application Analysis
3.7 End User 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 Heat Recovery Steam Generator Market, By Design
5.1 Introduction
5.2 Vertical drum
5.3 Horizontal drum
5.4 Modular Construction
5.5 Bundle Construction
5.6 C-section Construction
5.7 Other Designs
6 Global Heat Recovery Steam Generator Market, By Mode of Operation
6.1 Introduction
6.2 Combined Cycle
6.3 Cogeneration
7 Global Heat Recovery Steam Generator Market, By Application
7.1 Introduction
7.2 Commercial
7.3 Chemicals
7.4 Pulp & Paper
7.5 Other Applications
8 Global Heat Recovery Steam Generator Market, By End User
8.1 Introduction
8.2 Power and Utility
8.3 Fertilizer Plants
8.4 Oil and Gas Facilities
8.5 Other End Users
9 Global Heat Recovery Steam Generator 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 Babcock & Wilcox Enterprises, Inc.
11.2 Bharat Heavy Electricals Limited (BHEL)
11.3 Clayton Industries
11.4 Kawasaki Heavy Industries, Ltd.
11.5 Larsen & Toubro Limited
11.6 Cleaver-Brooks
11.7 Mitsubishi Heavy Industries, Ltd.
11.8 John Wood Group PLC
11.9 General Electric
11.10 Siemens Energy
11.11 Rentech Boilers
11.12 Kelvion Holding GmbH
11.13 Thermax Limited
List of Tables
1 Global Heat Recovery Steam Generator Market Outlook, By Region (2021-2030) ($MN)
2 Global Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
3 Global Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
4 Global Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
5 Global Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
6 Global Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
7 Global Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
8 Global Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
9 Global Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
10 Global Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
11 Global Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
12 Global Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
13 Global Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
14 Global Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
15 Global Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
16 Global Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
17 Global Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
18 Global Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
19 Global Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
20 Global Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
21 Global Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
22 North America Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
23 North America Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
24 North America Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
25 North America Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
26 North America Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
27 North America Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
28 North America Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
29 North America Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
30 North America Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
31 North America Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
32 North America Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
33 North America Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
34 North America Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
35 North America Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
36 North America Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
37 North America Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
38 North America Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
39 North America Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
40 North America Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
41 North America Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
42 North America Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
43 Europe Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
44 Europe Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
45 Europe Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
46 Europe Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
47 Europe Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
48 Europe Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
49 Europe Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
50 Europe Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
51 Europe Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
52 Europe Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
53 Europe Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
54 Europe Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
55 Europe Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
56 Europe Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
57 Europe Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
58 Europe Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
59 Europe Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
60 Europe Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
61 Europe Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
62 Europe Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
63 Europe Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
64 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
65 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)Content
66 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
67 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
68 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
69 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
70 Asia Pacific Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
71 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
72 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
73 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
74 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
75 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
76 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
77 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
78 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
79 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
80 Asia Pacific Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
81 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
82 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
83 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
84 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
85 South America Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
86 South America Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
87 South America Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
88 South America Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
89 South America Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
90 South America Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
91 South America Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
92 South America Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
93 South America Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
94 South America Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
95 South America Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
96 South America Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
97 South America Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
98 South America Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
99 South America Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
100 South America Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
101 South America Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
102 South America Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
103 South America Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
104 South America Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
105 South America Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
106 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
107 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
108 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
109 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
110 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
111 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
112 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
113 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
114 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
115 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
116 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
117 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
118 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
119 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
120 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
121 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
122 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
123 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
124 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
125 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
126 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
