Modularized Residential Energy Storage System Market
Modularized Residential Energy Storage System Market Forecasts to 2030 - Global Analysis By Type (Battery-based Systems, Hybrid Systems, Off-Grid and Other Types), By Application (Backup Power, Load Balancing, Solar Integration and Other Applications), End User and By Geography
|
Years Covered |
2021-2030 |
|
CAGR (2023-2030) |
19.8% |
|
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 Modularized Residential Energy Storage System Market is growing at a CAGR of 19.8% during the forecast period. A Modularized Residential Energy Storage System is a scalable setup designed for homes to store electrical energy efficiently. Comprised of adaptable modules, it harnesses renewable sources or off-peak grid power, allowing customization of storage capacity. This system optimizes energy usage, ensures backup power, and promotes sustainability in residential settings with its flexible and expandable design.
According to Germany Energy Storage Association, at the end of 2020, residential energy storage systems capacity was approximately 831 MW.
Market Dynamics:
Driver:
Growing adoption of renewable energy sources
The rising adoption of renewable energy sources, like solar or wind power, acts as a key driver in the modularized residential energy storage system market. As households increasingly install solar panels, the need to store generated energy becomes pivotal. Energy storage systems complement these sources by storing surplus energy for later use, ensuring self-sufficiency and reliability. This synergy not only optimizes energy consumption but also reduces reliance on the grid, fostering a sustainable and resilient approach to residential energy management, thus boosting demand for storage solutions and driving the market's growth.
Restraint:
High investment for these systems
High initial costs encompass system procurement, installation and integration with renewable sources. This financial barrier deters some potential buyers, particularly in cases where the return on investment isn't immediately apparent. Despite long-term savings, the initial capital outlay remains a challenge for many households, limiting widespread adoption.
Opportunity:
Ongoing advancements in battery technology and energy management systems
Continual advancements in battery technology and energy management systems present a substantial opportunity in the market. Improved battery chemistry, enhanced energy density, and prolonged cycle life bolster storage capacities and system longevity. Coupled with sophisticated energy management software, these innovations optimize energy usage, increase efficiency and enable better integration with renewable sources. Such progressions not only enhance system performance but also drive affordability, encouraging wider adoption of these systems.
Threat:
Regulatory changes and intense competition
Regulatory changes pose a threat to the market, impacting investment incentives in energy storage systems. Shifts in regulations could disrupt market dynamics, affecting adoption rates and investment confidence. In addition, intense competition also threatens the market, potentially leading to price wars and decreased margins. This can hinder innovation, R&D efforts, and profitability for providers, impacting the overall growth and development of the residential energy storage sector.
Covid-19 Impact:
The COVID-19 pandemic initially slowed the market due to disrupted supply chains, project delays, and economic uncertainties. However, as the crisis spurred remote work and heightened energy reliability concerns, it accelerated interest in residential energy independence. The shift towards home-centric living drove increased demand for energy storage systems, emphasizing resilience, contributing to market recovery, and fostering a stronger focus on sustainable home energy solutions.
The battery-based systems segment is expected to be the largest during the forecast period
During the forecast period, the battery-based systems segment is anticipated to dominate the market due to its widespread adoption and technological advantages. Lithium-ion batteries, in particular, offer high energy density, longer cycle life, and compact designs, making them ideal for residential applications. Increasing interest in renewable energy, coupled with government incentives, drives the demand for battery-based systems. These systems provide reliable energy storage, allowing homeowners to harness solar or wind power efficiently and ensuring a continuous power supply, leading them to hold the largest market share.
The solar integration segment is expected to have the highest CAGR during the forecast period
During the forecast period, the solar integration segment is projected to experience substantial growth in the market due to the burgeoning adoption of solar energy. As residential solar installations surge, homeowners seek efficient means to store surplus energy for later use, fostering the demand for integrated storage solutions. These systems complement solar panels, enabling households to harness and store excess solar energy, optimizing self-consumption, reducing reliance on the grid, and ensuring consistent power supply, particularly during peak demand or grid outages. This synergy between solar integration and storage drives the segment's rapid growth.
Region with largest share:
North America is poised to lead the market. The region experiences a surge in renewable energy adoption, with a growing emphasis on sustainable practices and reducing carbon footprints. Favorable government policies, tax incentives and increasing awareness among consumers drive the demand. Additionally, the need for reliable backup power, especially in regions prone to weather-related disruptions, accelerates the adoption of modularized systems. Moreover, technological advancements and a robust residential solar market further contribute to North America's prominence in the residential energy storage sector.
Region with highest CAGR:
The Asia Pacific region is anticipated to witness substantial growth in the market due to increasing urbanization coupled with rising energy demand in countries like China, India and Japan. Government initiatives, supportive policies and incentives promoting renewable energy integration further propel this growth. Additionally, the region's technological advancements, coupled with a burgeoning middle class seeking energy independence and reliability, contribute to the escalating adoption of modularized energy storage systems in residential setups.
Key players in the market
Some of the key players in Modularized Residential Energy Storage System Market include Tesla, Inc., AlphaESS, Blue Planet Energy, Eaton Corporation, Eguana Technologies Inc., Electriq Power, Enphase Energy, ESS Inc., Luminous Power Technologies, Panasonic Corporation, Powervault, Pylontech, Samsung SDI Co., Ltd., SimpliPhi Power, SMA Solar Technology AG, Sonnen GmbH, Sunrun Inc. and Varta AG.
Key Developments:
In November 2023, Electriq Power expands into New England with solar-plus-battery storage system program. The program, dubbed PoweredUp Derby, is supported by the city and will contribute to lowering electricity costs and providing back-up power for participants during outages, according to the company. Under the program, homeowners can have a turnkey solar-plus-battery storage system installed in their homes without any upfront costs, income verification, credit score, or property lien requirements. Almost 3,000 homeowners in the city are eligible for the program.
In May 2023, AlphaESS, the world-leading energy storage solution and service provider, and OSW, Australia’s leading solar distributor, announced their strategic global partnership to boost product sales worldwide. AlphaESS authorized OSW to utilize its marketing network to develop markets and sell AlphaESS products around the globe. By combining AlphaESS's state-of-the-art power conversion and energy storage solutions and services with OSW's strong distribution capabilities, the partnership offers one simple way to help diverse customer groups across Europe and North America.
In January 2023, AlphaESS, a leading global energy storage solution and service provider, unveiled its Gen 3 portable power stations consisting of a variety of swappable batteries that enable customers to DIY their own portable batteries according to their needs.
Types Covered:
• Battery-based Systems
• Hybrid Systems
• Off-Grid
• Other Types
Applications Covered:
• Backup Power
• Load Balancing
• Solar Integration
• Other Applications
End Users Covered:
• Private Villas
• Residential Apartments
• 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
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 Modularized Residential Energy Storage System Market, By Type
5.1 Introduction
5.2 Battery-based Systems
5.2.1 Lithium-Ion Batteries
5.2.2 Lead-Acid Batteries
5.2.3 Other Types
5.3 Hybrid Systems
5.4 Off-Grid
5.5 Other Types
6 Global Modularized Residential Energy Storage System Market, By Application
6.1 Introduction
6.2 Backup Power
6.3 Load Balancing
6.4 Solar Integration
6.5 Other Applications
7 Global Modularized Residential Energy Storage System Market, By End User
7.1 Introduction
7.2 Private Villas
7.3 Residential Apartments
7.4 Other End Users
8 Global Modularized Residential Energy Storage System Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Tesla, Inc.
10.2 AlphaESS
10.3 Blue Planet Energy
10.4 Eaton Corporation
10.5 Eguana Technologies Inc.
10.6 Electriq Power
10.7 Enphase Energy
10.8 ESS Inc.
10.9 Luminous Power Technologies
10.10 Panasonic Corporation
10.11 Powervault
10.12 Pylontech
10.13 Samsung SDI Co., Ltd.
10.14 SimpliPhi Power
10.15 SMA Solar Technology AG
10.16 Sonnen GmbH
10.17 Sunrun Inc.
10.18 Varta AG
List of Tables
1 Global Modularized Residential Energy Storage System Market Outlook, By Region (2021-2030) ($MN)
2 Global Modularized Residential Energy Storage System Market Outlook, By Type (2021-2030) ($MN)
3 Global Modularized Residential Energy Storage System Market Outlook, By Battery-based Systems (2021-2030) ($MN)
4 Global Modularized Residential Energy Storage System Market Outlook, By Lithium-Ion Batteries (2021-2030) ($MN)
5 Global Modularized Residential Energy Storage System Market Outlook, By Lead-Acid Batteries (2021-2030) ($MN)
6 Global Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
7 Global Modularized Residential Energy Storage System Market Outlook, By Hybrid Systems (2021-2030) ($MN)
8 Global Modularized Residential Energy Storage System Market Outlook, By Off-Grid (2021-2030) ($MN)
9 Global Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
10 Global Modularized Residential Energy Storage System Market Outlook, By Application (2021-2030) ($MN)
11 Global Modularized Residential Energy Storage System Market Outlook, By Backup Power (2021-2030) ($MN)
12 Global Modularized Residential Energy Storage System Market Outlook, By Load Balancing (2021-2030) ($MN)
13 Global Modularized Residential Energy Storage System Market Outlook, By Solar Integration (2021-2030) ($MN)
14 Global Modularized Residential Energy Storage System Market Outlook, By Other Applications (2021-2030) ($MN)
15 Global Modularized Residential Energy Storage System Market Outlook, By End User (2021-2030) ($MN)
16 Global Modularized Residential Energy Storage System Market Outlook, By Private Villas (2021-2030) ($MN)
17 Global Modularized Residential Energy Storage System Market Outlook, By Residential Apartments (2021-2030) ($MN)
18 Global Modularized Residential Energy Storage System Market Outlook, By Other End Users (2021-2030) ($MN)
19 North America Modularized Residential Energy Storage System Market Outlook, By Country (2021-2030) ($MN)
20 North America Modularized Residential Energy Storage System Market Outlook, By Type (2021-2030) ($MN)
21 North America Modularized Residential Energy Storage System Market Outlook, By Battery-based Systems (2021-2030) ($MN)
22 North America Modularized Residential Energy Storage System Market Outlook, By Lithium-Ion Batteries (2021-2030) ($MN)
23 North America Modularized Residential Energy Storage System Market Outlook, By Lead-Acid Batteries (2021-2030) ($MN)
24 North America Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
25 North America Modularized Residential Energy Storage System Market Outlook, By Hybrid Systems (2021-2030) ($MN)
26 North America Modularized Residential Energy Storage System Market Outlook, By Off-Grid (2021-2030) ($MN)
27 North America Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
28 North America Modularized Residential Energy Storage System Market Outlook, By Application (2021-2030) ($MN)
29 North America Modularized Residential Energy Storage System Market Outlook, By Backup Power (2021-2030) ($MN)
30 North America Modularized Residential Energy Storage System Market Outlook, By Load Balancing (2021-2030) ($MN)
31 North America Modularized Residential Energy Storage System Market Outlook, By Solar Integration (2021-2030) ($MN)
32 North America Modularized Residential Energy Storage System Market Outlook, By Other Applications (2021-2030) ($MN)
33 North America Modularized Residential Energy Storage System Market Outlook, By End User (2021-2030) ($MN)
34 North America Modularized Residential Energy Storage System Market Outlook, By Private Villas (2021-2030) ($MN)
35 North America Modularized Residential Energy Storage System Market Outlook, By Residential Apartments (2021-2030) ($MN)
36 North America Modularized Residential Energy Storage System Market Outlook, By Other End Users (2021-2030) ($MN)
37 Europe Modularized Residential Energy Storage System Market Outlook, By Country (2021-2030) ($MN)
38 Europe Modularized Residential Energy Storage System Market Outlook, By Type (2021-2030) ($MN)
39 Europe Modularized Residential Energy Storage System Market Outlook, By Battery-based Systems (2021-2030) ($MN)
40 Europe Modularized Residential Energy Storage System Market Outlook, By Lithium-Ion Batteries (2021-2030) ($MN)
41 Europe Modularized Residential Energy Storage System Market Outlook, By Lead-Acid Batteries (2021-2030) ($MN)
42 Europe Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
43 Europe Modularized Residential Energy Storage System Market Outlook, By Hybrid Systems (2021-2030) ($MN)
44 Europe Modularized Residential Energy Storage System Market Outlook, By Off-Grid (2021-2030) ($MN)
45 Europe Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
46 Europe Modularized Residential Energy Storage System Market Outlook, By Application (2021-2030) ($MN)
47 Europe Modularized Residential Energy Storage System Market Outlook, By Backup Power (2021-2030) ($MN)
48 Europe Modularized Residential Energy Storage System Market Outlook, By Load Balancing (2021-2030) ($MN)
49 Europe Modularized Residential Energy Storage System Market Outlook, By Solar Integration (2021-2030) ($MN)
50 Europe Modularized Residential Energy Storage System Market Outlook, By Other Applications (2021-2030) ($MN)
51 Europe Modularized Residential Energy Storage System Market Outlook, By End User (2021-2030) ($MN)
52 Europe Modularized Residential Energy Storage System Market Outlook, By Private Villas (2021-2030) ($MN)
53 Europe Modularized Residential Energy Storage System Market Outlook, By Residential Apartments (2021-2030) ($MN)
54 Europe Modularized Residential Energy Storage System Market Outlook, By Other End Users (2021-2030) ($MN)
55 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Country (2021-2030) ($MN)
56 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Type (2021-2030) ($MN)
57 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Battery-based Systems (2021-2030) ($MN)
58 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Lithium-Ion Batteries (2021-2030) ($MN)
59 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Lead-Acid Batteries (2021-2030) ($MN)
60 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
61 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Hybrid Systems (2021-2030) ($MN)
62 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Off-Grid (2021-2030) ($MN)
63 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
64 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Application (2021-2030) ($MN)
65 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Backup Power (2021-2030) ($MN)
66 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Load Balancing (2021-2030) ($MN)
67 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Solar Integration (2021-2030) ($MN)
68 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Other Applications (2021-2030) ($MN)
69 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By End User (2021-2030) ($MN)
70 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Private Villas (2021-2030) ($MN)
71 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Residential Apartments (2021-2030) ($MN)
72 Asia Pacific Modularized Residential Energy Storage System Market Outlook, By Other End Users (2021-2030) ($MN)
73 South America Modularized Residential Energy Storage System Market Outlook, By Country (2021-2030) ($MN)
74 South America Modularized Residential Energy Storage System Market Outlook, By Type (2021-2030) ($MN)
75 South America Modularized Residential Energy Storage System Market Outlook, By Battery-based Systems (2021-2030) ($MN)
76 South America Modularized Residential Energy Storage System Market Outlook, By Lithium-Ion Batteries (2021-2030) ($MN)
77 South America Modularized Residential Energy Storage System Market Outlook, By Lead-Acid Batteries (2021-2030) ($MN)
78 South America Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
79 South America Modularized Residential Energy Storage System Market Outlook, By Hybrid Systems (2021-2030) ($MN)
80 South America Modularized Residential Energy Storage System Market Outlook, By Off-Grid (2021-2030) ($MN)
81 South America Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
82 South America Modularized Residential Energy Storage System Market Outlook, By Application (2021-2030) ($MN)
83 South America Modularized Residential Energy Storage System Market Outlook, By Backup Power (2021-2030) ($MN)
84 South America Modularized Residential Energy Storage System Market Outlook, By Load Balancing (2021-2030) ($MN)
85 South America Modularized Residential Energy Storage System Market Outlook, By Solar Integration (2021-2030) ($MN)
86 South America Modularized Residential Energy Storage System Market Outlook, By Other Applications (2021-2030) ($MN)
87 South America Modularized Residential Energy Storage System Market Outlook, By End User (2021-2030) ($MN)
88 South America Modularized Residential Energy Storage System Market Outlook, By Private Villas (2021-2030) ($MN)
89 South America Modularized Residential Energy Storage System Market Outlook, By Residential Apartments (2021-2030) ($MN)
90 South America Modularized Residential Energy Storage System Market Outlook, By Other End Users (2021-2030) ($MN)
91 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Country (2021-2030) ($MN)
92 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Type (2021-2030) ($MN)
93 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Battery-based Systems (2021-2030) ($MN) 94 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Lithium-Ion Batteries (2021-2030) ($MN) 95 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Lead-Acid Batteries (2021-2030) ($MN) 96 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
97 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Hybrid Systems (2021-2030) ($MN)
98 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Off-Grid (2021-2030) ($MN)
99 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Other Types (2021-2030) ($MN)
100 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Application (2021-2030) ($MN)
101 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Backup Power (2021-2030) ($MN)
102 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Load Balancing (2021-2030) ($MN)
103 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Solar Integration (2021-2030) ($MN)
104 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Other Applications (2021-2030) ($MN) 105 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By End User (2021-2030) ($MN)
106 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Private Villas (2021-2030) ($MN)
107 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Residential Apartments (2021-2030) ($MN)
108 Middle East & Africa Modularized Residential Energy Storage System Market Outlook, By Other End Users (2021-2030) ($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
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.
