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Global Static Synchronous Compensator (STATCOM) Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 2/24/2023
  • NO OF PAGES
  • 203
  • CATEGORY
  • Construction & Manufacturing
Static Synchronous Compensator (STATCOM) market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Static Synchronous Compensator (STATCOM) market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Static Synchronous Compensator (STATCOM) manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Static Synchronous Compensator (STATCOM) market covering all its essential aspects.

Global Static Synchronous Compensator (STATCOM) Market: Segmentations



Global Static Synchronous Compensator (STATCOM) Market: Major Players
ABB
S&C Electric Company
NR Energy Solutions India Pvt. Ltd.
Bharat Heavy Electricals Limited (BHEL)
Ingeteam, Inc.
Statcom Solutions
JEMA Energy USA LLC
Veeral Controls Pvt. Ltd.
NR Electric Co., Ltd.
Power One Micro Systems Pvt. Ltd.
Crompton Greaves Limited
Toshiba Corporation
Siemens AG
Mitsubishi Electric
Signotron India Pvt. Ltd.
Schneider Electric
General Electric

Global Static Synchronous Compensator (STATCOM) Market: By Types
Low Voltage STATCOM
Middle Voltage STATCOM
High Voltage STATCOM

Global Static Synchronous Compensator (STATCOM) Market: By Applications
Electricity Networks
Photovoltaic Generation
Other



Global Static Synchronous Compensator (STATCOM) Market: Regional Analysis
The countries covered in the regional analysis of the Global Static Synchronous Compensator (STATCOM) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Static Synchronous Compensator (STATCOM) market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Static Synchronous Compensator (STATCOM) would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Static Synchronous Compensator (STATCOM) Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Static Synchronous Compensator (STATCOM) Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Static Synchronous Compensator (STATCOM)
1.3 Static Synchronous Compensator (STATCOM) Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Static Synchronous Compensator (STATCOM) Revenue and Growth Rate from 2016-2026
1.4 Market Segmentation
1.4.1 Types of Static Synchronous Compensator (STATCOM)
1.4.2 Applications of Static Synchronous Compensator (STATCOM)
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Static Synchronous Compensator (STATCOM) Industry Trends
1.5.2 Static Synchronous Compensator (STATCOM) Drivers
1.5.3 Static Synchronous Compensator (STATCOM) Market Challenges
1.5.4 Static Synchronous Compensator (STATCOM) Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Static Synchronous Compensator (STATCOM) Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Static Synchronous Compensator (STATCOM) Industry Development

2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Static Synchronous Compensator (STATCOM) Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Static Synchronous Compensator (STATCOM)
2.2.1 Major Players Manufacturing Base of Static Synchronous Compensator (STATCOM) in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Static Synchronous Compensator (STATCOM) Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Static Synchronous Compensator (STATCOM)
2.3.3 Labor Cost of Static Synchronous Compensator (STATCOM)
2.4 Market Channel Analysis of Static Synchronous Compensator (STATCOM)
2.5 Major Down Stream Customers by Application

3 Global Static Synchronous Compensator (STATCOM) Market, by Type
3.1 Global Static Synchronous Compensator (STATCOM) Revenue and Market Share by Type (2016-2021)
3.2 Global Static Synchronous Compensator (STATCOM) Production and Market Share by Type (2016-2021)
3.3 Global Static Synchronous Compensator (STATCOM) Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Static Synchronous Compensator (STATCOM) Revenue and Growth Rate of Low Voltage STATCOM
3.3.2 Global Static Synchronous Compensator (STATCOM) Revenue and Growth Rate of Middle Voltage STATCOM
3.3.3 Global Static Synchronous Compensator (STATCOM) Revenue and Growth Rate of High Voltage STATCOM
3.4 Global Static Synchronous Compensator (STATCOM) Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends

4 Static Synchronous Compensator (STATCOM) Market, by Application
4.1 Downstream Market Overview
4.2 Global Static Synchronous Compensator (STATCOM) Consumption and Market Share by Application (2016-2021)
4.3 Global Static Synchronous Compensator (STATCOM) Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Static Synchronous Compensator (STATCOM) Consumption and Growth Rate of Electricity Networks (2016-2021)
4.3.2 Global Static Synchronous Compensator (STATCOM) Consumption and Growth Rate of Photovoltaic Generation (2016-2021)
4.3.3 Global Static Synchronous Compensator (STATCOM) Consumption and Growth Rate of Other (2016-2021)

5 Global Static Synchronous Compensator (STATCOM) Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Static Synchronous Compensator (STATCOM) Revenue and Market Share by Region (2016-2021)
5.2 Global Static Synchronous Compensator (STATCOM) Consumption and Market Share by Region (2016-2021)
5.3 Global Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.4.2 North America Static Synchronous Compensator (STATCOM) SWOT Analysis
5.5 Europe Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.5.2 Europe Static Synchronous Compensator (STATCOM) SWOT Analysis
5.6 China Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.6.2 China Static Synchronous Compensator (STATCOM) SWOT Analysis
5.7 Japan Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.7.2 Japan Static Synchronous Compensator (STATCOM) SWOT Analysis
5.8 Middle East and Africa Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.8.2 Middle East and Africa Static Synchronous Compensator (STATCOM) SWOT Analysis
5.9 India Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.9.2 India Static Synchronous Compensator (STATCOM) SWOT Analysis
5.10 South America Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.10.2 South America Static Synchronous Compensator (STATCOM) SWOT Analysis
5.11 South Korea Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.11.2 South Korea Static Synchronous Compensator (STATCOM) SWOT Analysis
5.12 Southeast Asia Static Synchronous Compensator (STATCOM) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Static Synchronous Compensator (STATCOM) Market Under COVID-19
5.12.2 Southeast Asia Static Synchronous Compensator (STATCOM) SWOT Analysis

6 Global Static Synchronous Compensator (STATCOM) Production by Top Regions (2016-2021)
6.1 Global Static Synchronous Compensator (STATCOM) Production by Top Regions (2016-2021)
6.2 North America Static Synchronous Compensator (STATCOM) Production and Growth Rate
6.3 Europe Static Synchronous Compensator (STATCOM) Production and Growth Rate
6.4 China Static Synchronous Compensator (STATCOM) Production and Growth Rate
6.5 Japan Static Synchronous Compensator (STATCOM) Production and Growth Rate
6.6 India Static Synchronous Compensator (STATCOM) Production and Growth Rate

7 Global Static Synchronous Compensator (STATCOM) Consumption by Regions (2016-2021)
7.1 Global Static Synchronous Compensator (STATCOM) Consumption by Regions (2016-2021)
7.2 North America Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.3 Europe Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.4 China Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.5 Japan Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.6 Middle East & Africa Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.7 India Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.8 South America Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.9 South Korea Static Synchronous Compensator (STATCOM) Consumption and Growth Rate
7.10 Southeast Asia Static Synchronous Compensator (STATCOM) Consumption and Growth Rate

8 Competitive Landscape
8.1 Competitive Profile
8.2 ABB Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.2.3 ABB Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 S&C Electric Company Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.3.3 S&C Electric Company Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 NR Energy Solutions India Pvt. Ltd. Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.4.3 NR Energy Solutions India Pvt. Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Bharat Heavy Electricals Limited (BHEL) Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.5.3 Bharat Heavy Electricals Limited (BHEL) Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Ingeteam, Inc. Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.6.3 Ingeteam, Inc. Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Statcom Solutions Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.7.3 Statcom Solutions Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 JEMA Energy USA LLC Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.8.3 JEMA Energy USA LLC Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Veeral Controls Pvt. Ltd. Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.9.3 Veeral Controls Pvt. Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 NR Electric Co., Ltd. Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.10.3 NR Electric Co., Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Power One Micro Systems Pvt. Ltd. Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.11.3 Power One Micro Systems Pvt. Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 Crompton Greaves Limited Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.12.3 Crompton Greaves Limited Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 Toshiba Corporation Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.13.3 Toshiba Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 Siemens AG Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.14.3 Siemens AG Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19
8.15 Mitsubishi Electric Market Performance Analysis
8.15.1 Company Profiles
8.15.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.15.3 Mitsubishi Electric Sales, Revenue, Price, Gross Margin 2016-2021
8.15.4 Company Recent Development
8.15.5 Strategies for Company to Deal with the Impact of COVID-19
8.16 Signotron India Pvt. Ltd. Market Performance Analysis
8.16.1 Company Profiles
8.16.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.16.3 Signotron India Pvt. Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.16.4 Company Recent Development
8.16.5 Strategies for Company to Deal with the Impact of COVID-19
8.17 Schneider Electric Market Performance Analysis
8.17.1 Company Profiles
8.17.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.17.3 Schneider Electric Sales, Revenue, Price, Gross Margin 2016-2021
8.17.4 Company Recent Development
8.17.5 Strategies for Company to Deal with the Impact of COVID-19
8.18 General Electric Market Performance Analysis
8.18.1 Company Profiles
8.18.2 Static Synchronous Compensator (STATCOM) Product Profiles, Application and Specification
8.18.3 General Electric Sales, Revenue, Price, Gross Margin 2016-2021
8.18.4 Company Recent Development
8.18.5 Strategies for Company to Deal with the Impact of COVID-19

9 Global Static Synchronous Compensator (STATCOM) Market Analysis and Forecast by Type and Application
9.1 Global Static Synchronous Compensator (STATCOM) Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Low Voltage STATCOM Market Revenue and Volume Forecast (2021-2026)
9.1.2 Middle Voltage STATCOM Market Revenue and Volume Forecast (2021-2026)
9.1.3 High Voltage STATCOM Market Revenue and Volume Forecast (2021-2026)
9.2 Global Static Synchronous Compensator (STATCOM) Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Electricity Networks Market Revenue and Volume Forecast (2021-2026)
9.2.2 Photovoltaic Generation Market Revenue and Volume Forecast (2021-2026)
9.2.3 Other Market Revenue and Volume Forecast (2021-2026)

10 Static Synchronous Compensator (STATCOM) Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Static Synchronous Compensator (STATCOM) Market Trends Analysis

11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment

12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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