Marine Hybrid Propulsion Market by Power Sorurce and Ship Type - Global Industry Analysis and Forecast To 2023

Published On : January 2018 Pages : 97 Category: Automotive & Transportations Report Code : AT01463

Industry Trend Analysis

The global Marine Hybrid Propulsion Market was worth USD 2.68 billion in 2014 and is expected to reach approximately USD 5.73 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 8.79% during the forecast period. Marine propulsion engines are a machine that consumes fuel to produce thrust, which encourages boats to move crosswise over water. The marine drive motor market is foreseen to witness hearty development amid the conjecture time frame attributable to different continuous government interests in shipbuilding industry and inland waterways. Ships are coordinated with more than one propulsion engines, contingent upon their size (net tonnage). Also, in the beginning period of marine propulsion, steam turbines were made use of; nonetheless, because of enhancement in technology, diesel or elective fuel engine and gas turbine have significant infiltration.

Power Source Outlook and Trend Analysis

On the basis of power source the market is segmented into gas turbine, diesel, natural gas, and others (steam turbine, renewable energy, hybrid, and fuel cell). Diesel propulsion system is the most widely recognized marine propulsion system useful as a part of a wide range of vessel alongside little and recreational water crafts. Also, diesel marine propulsion system drove the general market, representing 70% out of 2015. This is ascribed to its advantages, for example, low support cost, temperate nature, high dependability, and simple accessibility of diesel all inclusive.

Ship Type Outlook and Trend Analysis

By ship types, the market is segmented into tanker, cargo & container, offshore vessel, bulk carrier, passenger ship, and others (tugs & service ships). Rising sales and production of ships around the globe and ascend in worldwide seaborne exchange drive the market development. Additionally, rising demand for assets, for example,   steel, crude oil, coal and iron from creating nations powers the market development. However, stringent natural tenets and controls and vast capital speculation required to set up new assembling offices hamper the market development.

Regional Outlook and Trend Analysis

Asia-Pacific is the most lucrative marine propulsion engine market, attributable to increment in shipbuilding businesses in China and South Korea and development in number of joint endeavors with worldwide brands. In addition, ascend in seaborne exchange of crude oil for the most part from Middle East nations to Asia-Pacific is another factor that drives the Asia-Pacific marine propulsion engine market.

Competitive Insights

The leading players in the market are Hyundai Heavy Industries, MAN Diesel & Turbo, Niigata Power Systems, Yanmar, Caterpillar Inc, Mitsubishi Heavy Industries Ltd, General Electric Company and Rolls-Royce Holdings plc. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.

The Marine Hybrid Propulsion Market is segmented as follows-

By Power Source:

  • Gas Turbine
  • Diesel
  • Natural Gas
  • Others

By Ship Type:

  • Tanker
  • Bulk Carrier
  • Passenger Ship
  • Cargo or Container Ship
  • Offshore Vessel
  • Others

By Region

  • North America
  • U.S
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • Australia
  • India
  • South Korea
  • Rest of Asia Pacific
  • Rest of the World
  • Brazil
  • South Africa
  • Saudi Arabia
  • United Arab Emirates
  • Others

Some of the key questions answered by the report are:

  • What was the market size in 2014 and forecast from 2015 to 2023?
  • What will be the industry market growth from 2015 to 2023?
  • What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
  • What are the major segments leading the market growth and why?
  • Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

 

 

Market Classification

  • Marine Hybrid Propulsion Market, By Power Source, Estimates and Forecast, 2014-2023 ($Million)
    • Gas Turbine
    • Diesel
    • Natural Gas
    • Other Power Sources
  • Marine Hybrid Propulsion Market, By Ship Type, Estimates and Forecast, 2014-2023 ($Million)
    • Bulk Carrier
    • Passenger Ship
    • Tanker
    • Cargo or Contanier Ship
    • Offshore Vessel
  • Marine Hybrid Propulsion Market, By Region, Estimates and Forecast, 2014-2023 ($Million)
    • North America
  • North America Marine Hybrid Propulsion Market, By Country
  • North America Marine Hybrid Propulsion Market, By Power Source
  • North America Marine Hybrid Propulsion Market, By Ship Type
    • U.S. Marine Hybrid Propulsion Market, By Power Source
    • U.S. Marine Hybrid Propulsion Market, By Ship Type
    • Canada Marine Hybrid Propulsion Market, By Power Source
    • Canada Marine Hybrid Propulsion Market, By Ship Type
    • Mexico Marine Hybrid Propulsion Market, By Power Source
    • Mexico Marine Hybrid Propulsion Market, By Ship Type
    • Europe
  • Europe Marine Hybrid Propulsion Market, By Country
  • Europe Marine Hybrid Propulsion Market, By Power Source
  • Europe Marine Hybrid Propulsion Market, By Ship Type
    • Germany Marine Hybrid Propulsion Market, By Power Source
    • Germany Marine Hybrid Propulsion Market, By Ship Type
    • France Marine Hybrid Propulsion Market, By Power Source
    • France Marine Hybrid Propulsion Market, By Ship Type
    • UK Marine Hybrid Propulsion Market, By Power Source
    • UK Marine Hybrid Propulsion Market, By Ship Type
    • Italy Marine Hybrid Propulsion Market, By Power Source
    • Italy Marine Hybrid Propulsion Market, By Ship Type
    • Spain Marine Hybrid Propulsion Market, By Power Source
    • Spain Marine Hybrid Propulsion Market, By Ship Type
    • Rest of Europe Marine Hybrid Propulsion Market, By Power Source
    • Rest of Europe Marine Hybrid Propulsion Market, By Ship Type
    • Asia-Pacific
      • Asia-Pacific Marine Hybrid Propulsion Market, By Country
      • Asia-Pacific Marine Hybrid Propulsion Market, By Power Source
      • Asia-Pacific Marine Hybrid Propulsion Market, By Ship Type
        • Japan Marine Hybrid Propulsion Market, By Power Source
        • Japan Marine Hybrid Propulsion Market, By Ship Type
        • Australia Marine Hybrid Propulsion Market, By Power Source
        • Australia Marine Hybrid Propulsion Market, By Ship Type
        • India Marine Hybrid Propulsion Market, By Power Source
        • India Marine Hybrid Propulsion Market, By Ship Type
        • South Korea Marine Hybrid Propulsion Market, By Power Source
        • South Korea Marine Hybrid Propulsion Market, By Ship Type
        • Rest of Asia-Pacific Marine Hybrid Propulsion Market, By Power Source
        • Rest of Asia-Pacific Marine Hybrid Propulsion Market, By Ship Type
    • Rest of the World
      • Rest of the World Marine Hybrid Propulsion Market, By Country
      • Rest of the World Marine Hybrid Propulsion Market, By Power Source
      • Rest of the World Marine Hybrid Propulsion Market, By Ship Type
        • Brazil Marine Hybrid Propulsion Market, By Power Source
        • Brazil Marine Hybrid Propulsion Market, By Ship Type
        • South Africa Marine Hybrid Propulsion Market, By Power Source
        • South Africa Marine Hybrid Propulsion Market, By Ship Type
        • Saudi Arabia Marine Hybrid Propulsion Market, By Power Source
        • Saudi Arabia Marine Hybrid Propulsion Market, By Ship Type
        • Turkey Marine Hybrid Propulsion Market, By Power Source
        • Turkey Marine Hybrid Propulsion Market, By Ship Type
        • United Arab Emirates Marine Hybrid Propulsion Market, By Power Source
        • United Arab Emirates Marine Hybrid Propulsion Market, By Ship Type
        • Others Marine Hybrid Propulsion Market, By Power Source
        • Others Marine Hybrid Propulsion Market, By Ship Type

 

 

Table of Contents

1.       Introduction

1.1.       Report Description

1.2.       Research Methodology

1.2.1.  Secondary Research

1.2.2.  Primary Research

2.       Executive Summary

2.1.       Key Highlights

3.       Market Overview

3.1.       Introduction

3.1.1.  Market Definition

3.1.2.  Market Segmentation

3.2.       Market Dynamics

3.2.1.  Drivers

3.2.1.1.    Growth in International Seaborne Trade

3.2.1.2.    Rising Production and Sales of Ships Globally

3.2.2.  Restraints

3.2.2.1.    Strict Environmental Rules & Regulations

3.2.3.  Opportunities

4.       Marine Hybrid Propulsion Market, By Power Source

4.1.       Introduction

4.2.       Marine Hybrid Propulsion Market Assessment and Forecast, By Power Source, 2014-2023

4.3.       Gas Turbine

4.3.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.4.       Diesel

4.4.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.5.       Natural Gas

4.5.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

4.6.       Other Power Sources

4.6.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.       Marine Hybrid Propulsion Market, By Ship Type

5.1.       Introduction

5.2.       The Marine Hybrid Propulsion Market Assessment and Forecast, By Ship Type, 2014-2023

5.3.       Bulk Carrier

5.3.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.4.       Passenger Ship

5.4.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.5.       Tanker

5.5.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.6.       Cargo or Container Ship

5.6.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

5.7.       Offshore Vessel

5.7.1.  Market Assessment and Forecast, By Region, 2014-2023 ($Million)

6.       Marine Hybrid Propulsion Market, By Region

6.1.       Introduction

6.2.       Marine Hybrid Propulsion Market Assessment and Forecast, By Region, 2014-2023 ($Million)

6.3.       North America

6.3.1.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.3.2.  Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.3.3.  Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.3.4.  U.S.

6.3.4.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.3.4.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.3.5.  Canada

6.3.5.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.3.5.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.3.6.  Mexico

6.3.6.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.3.6.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.4.       Europe

6.4.1.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.4.2.  Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.3.  Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.4.4.  Germany

6.4.4.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.4.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.4.5.  France

6.4.5.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.5.2.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.6.  UK

6.4.6.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.6.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.4.7.  Italy

6.4.7.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.7.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.4.8.  Spain

6.4.8.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.8.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.4.9.  Rest of Europe

6.4.9.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.4.9.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.5.       Asia-Pacific

6.5.1.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.5.2.  Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.5.3.  Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.5.4.  Japan

6.5.4.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.5.4.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.5.5.  China

6.5.5.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.5.5.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.5.6.  Australia

6.5.6.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.5.6.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.5.7.  India

6.5.7.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.5.7.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.5.8.  South Korea

6.5.8.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.5.8.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.5.9.  Rest of Asia-Pacific

6.5.9.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.5.9.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.6.       Rest of the World

6.6.1.  Market Assessment and Forecast, By Country, 2014-2023 ($Million)

6.6.2.  Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.6.3.  Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.6.4.  Brazil

6.6.4.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.6.4.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.6.5.  Turkey

6.6.5.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.6.5.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.6.6.  Saudi Arabia

6.6.6.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.6.6.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.6.7.  South Africa

6.6.7.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.6.7.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.6.8.  United Arab Emirates

6.6.8.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.6.8.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

6.6.9.  Others

6.6.9.1.    Market Assessment and Forecast, By Power Source, 2014-2023 ($Million)

6.6.9.2.    Market Assessment and Forecast, By Ship Type, 2014-2023 ($Million)

7.       Company Profiles

7.1.       Cummins Inc.

7.1.1.  Business Overview

7.1.2.  Product Portfolio

7.1.3.  Key Financials

7.1.4.  Strategic Developments

7.2.       Hyundai Heavy Industries Co., Ltd

7.2.1.  Business Overview

7.2.2.  Product Portfolio

7.2.3.  Strategic Developments

7.3.       Mitsubishi Heavy Industries, Ltd.

7.3.1.  Business Overview

7.3.2.  Product Portfolio

7.3.3.  Key Financials

7.3.4.  Strategic Developments

7.4.       Caterpillar

7.4.1.  Business Overview

7.4.2.  Product Portfolio

7.4.3.  Strategic Developments

7.5.       Daihatsu Diesel Mfg. Co., Ltd.

7.5.1.  Business Overview

7.5.2.  Product Portfolio

7.5.3.  Strategic Developments

7.6.       Rolls-Royce Plc

7.6.1.  Business Overview

7.6.2.  Product Portfolio

7.6.3.  Strategic Developments

7.7.       Scania

7.7.1.  Business Overview

7.7.2.  Product Portfolio

7.7.3.  Strategic Developments


List of Tables

Table: Global Marine Hybrid Propulsion Market, By Power Source ($Million), 2014-2023

Table: Gas Turbine Market, By Region ($Million), 2014-2023

Table: Diesel Market, By Region ($Million), 2014-2023

Table: Natural Gas Market, By Region ($Million), 2014-2023

Table: Other Power Sources Market, By Region ($Million), 2014-2023

Table: Global Marine Hybrid Propulsion Market, By Ship Type ($Million), 2014-2023

Table: Bulk Carrier Market, By Region ($Million), 2014-2023

Table: Passenger Ship Market, By Region ($Million), 2014-2023

Table: Tanker Market, By Region ($Million), 2014-2023

Table: Cargo or Container Ship Market, By Region ($Million), 2014-2023

Table: Offshore Vessel Market, By Region ($Million), 2014-2023

Table: Global Marine Hybrid Propulsion Market, By Region ($Million), 2014-2023

Table: North America Marine Hybrid Propulsion Market, By Country, 2014-2023 ($Million)

Table: North America Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: North America Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: U.S. Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: U.S. Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Canada Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Canada Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Mexico Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Mexico Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Europe Marine Hybrid Propulsion Market, By Country, 2014-2023 ($Million)

Table: Europe Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Europe Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Germany Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Germany Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: France Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: France Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: UK Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: UK Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Italy Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Italy Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Spain Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Spain Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Rest of Europe Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Rest of Europe Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Asia-Pacific Marine Hybrid Propulsion Market, By Country, 2014-2023 ($Million)

Table: Asia-Pacific Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: .Asia-Pacific Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Japan Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Japan Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: China Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: China Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Australia Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Australia Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: India Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: India Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: South Korea Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: South Korea Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Rest of Asia-Pacific Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Rest of Asia-Pacific Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Rest of the World Marine Hybrid Propulsion Market, By Country, 2014-2023 ($Million)

Table: Rest of the World Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Rest of the World Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Brazil Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Brazil Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Turkey Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Turkey Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Saudi Arabia Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Saudi Arabia Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: South Africa Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: South Africa Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: United Arab Emirates Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: United Arab Emirates Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Others Marine Hybrid Propulsion Market, By Power Source, 2014-2023 ($Million)

Table: Others Marine Hybrid Propulsion Market, By Ship Type, 2014-2023 ($Million)

Table: Cummins Inc.: Key Strategic Developments, 2015-2017

Table: Hyundai Heavy Industries Co., Ltd: Key Strategic Developments, 2015-2017

Table: Mitsubishi Heavy Industries, Ltd.: Key Strategic Developments, 2015-2017

Table: Caterpillar: Key Strategic Developments, 2015-2017

Table: Daihatsu Diesel Mfg. Co., Ltd.: Key Strategic Developments, 2015-2017

Table: Rolls-Royce Plc: Key Strategic Developments, 2015-2017

Table: Scania: Key Strategic Developments, 2015-2017


List of Figures

Figure: Global Marine Hybrid Propulsion Market Share, By Power Source, 2014 & 2023

Figure: Marine Hybrid Propulsion Market, By Ship Type, 2016, ($Million)

Figure: Marine Hybrid Propulsion Market, By Region, 2016, ($Million)

Figure: Mitsubishi Heavy Industries, Ltd.: Net Revenues, 2014-2016 ($Million)

Figure: Mitsubishi Heavy Industries, Ltd.: Net Revenue Share, By Segment, 2016

Figure: Mitsubishi Heavy Industries: Net Revenue Share, By Geography, 2016

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

Data Collection Matrix

Data Collection Matrix

Supply Side

Demand Side

Primary Data Sources

  • Manufacturers
  • Distributors & Wholesalers
  • GPOs
  • Physicians/Specialist
  • Healthcare Providers
  • Consumers

Secondary Data Sources

  • Annual Reports/SEC Filings/ Investor Presentations/ Press Releases
  • Government/Associations Publications
  • Case Studies
  • Reference Customers

 

Market Modeling and Forecasting

We use epidemiology and capital equipment-based models to forecast market size of different segments at country and regional level.

  • Epidemiology-based Forecasting Model: This method uses epidemiology data gathered through various publications and from physicians to estimate population of patients, flow of treatment of individual disease and therapies. The data collected through this method includes statics on incidence of disease, population suffering from disease, and treatment population. This method is used to understand:
  • Number of patients for particular device or medical procedure and
  • Repeated use of particular device depending on health and condition of patient
  • Capital-based Forecasting Model: This method of forecasting is based on number of replacements, installed-based and new sales of capital equipment used in various healthcare and diagnostic centers. These three parameters are calculated and forecast is developed. Installation base is calculated as average number of units per facility; while sales for particular year is calculated from number of new and replace units. Secondary data is collected through various supply chain intermediaries and opinion leaders to arrive at installation and sales rate. These techniques help our analysts in validating market and developed market estimates and forecast.

We do forecast on basis of several parameters such as market drivers, market opportunities, industry trends government regulations, raw materials supply and trade dynamics to ensure relevance of forecast with market scenario. With increasing need to granulized information, we used bottom-up methodology for forecasting where we evaluate each regional segment differently and combined all forecast to develop final market forecast.

Data Validation

We believe primary research is a very important tool in analyzing and forecasting different markets. In order to make sure accuracy of our findings, our team conducts primary interviews at every stage of research to gain deep insights into current business environment and future trends and key developments in market. This includes use of various methods such as telephonic interviews, focus groups, face to face interviews and questionnaires to validate our research from all aspects. We validate our data through primary research from key industry leaders such as CEO, product managers, marketing managers, suppliers, distributors, and consumers are frequently interviewed. These interviews provide valuable insights which help us to have better market understanding besides validating our estimates and forecast.

Data Triangulation

data triangulation

Industry Analysis

Qualitative Data

Quantitative Data (2017-2025)

  • Market Dynamics (Drivers, Restraints, and Challenges)
  • Industry Trend Analysis
  • Market Opportunities
  • Government Policies and Regulations, Patent Analysis, and Reimbursement Policies
  • Porter’s Five Forces and PESTLE Analysis
  • Key Developments and Competitive Landscape
  • Market Assessment and Forecast
  • Market Assessment and Forecast, By Product
  • Market Assessment and Forecast, By Technology
  • Market Assessment and Forecast, By Application
  • Market Assessment and Forecast, By End User
  • Market Assessment and Forecast, By Region/Country

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