The global pipeline transportation market was valued at $17.9 billion in 2021 and is projected to reach $37.4 billion by 2031, registering a CAGR of 7.7% from 2022 to 2031.
Pipeline transportation is ideal for unidirectional flow of goods and inflationary influences have minimal effect on the transport cost. In comparison with conventional transportation, pipeline transportation has many advantages such as low operating cost, environment friendliness, flexibility, and complete automation of loading and unloading operations. These are all factors that are driving the pipeline transport market and are expected to fuel its growth at an extremely high pace.
Increase in the development of chemical manufacturing sites across the globe surges the demand for various chemicals that are produced during the refining of crude oil. This is one of the factors that drives the growth of the market. Surge in investment of the government toward wastewater treatment plants to reuse the water for other purposes along with increase in population has led to development of food processing manufacturing plants where water transport pipelines and other liquids such as beer, and milk transport pipelines, are used to improve the efficiency of the production and meet the demand for the consumer. Increase in the water desalination plants and transportation of water across variety of terrain and hills to provide water to the consumer drives the growth of the market.
The rapid advancement of detecting technology such as sensors, batch trackers, and pipeline management systems, is imperative so that the operator can take appropriate decisions at the right time, as a wrong decision can lead to massive losses. The increase in R&D information communication technology to streamline the management and improve the efficiency regarding the surveillance and monitoring to avoid environmental pollution and dangerous hazards such as gas leakage and others, are expected to create opportunities for key players in the market.
The pipeline is not suitable for transporting solid goods such as iron, coal, and others; as most of the solid materials that are needed to transport cannot be converted in the form of slurry. Pipelines can pollute the air, water, soil, and climate when they leak. Pipelines that cross rivers and streams are more vulnerable to breaks when heavy rain and floods occur. The above-mentioned are all the factors hampering the growth of the pipeline transportation market.
The initial cost of laying pipelines for the transportation of liquids is extremely high due to utilization of high-cost materials such as steel to produce pipelines. In addition, the construction of pipelines must go through various landscapes such as water bodies, deserts, and other climatic conditions, which will increase the need for labor; thus, having an impact on the cost of infrastructure. Furthermore, there is demand for specialized pipelines to transport chemicals, which is expected to lead to an increase in the utilization of various other materials to improve the safety of the transportation of chemicals.
The global pipeline transportation market forecast is segmented on the basis of type, solution, service, and region. By type, the market is divided into oil & gas, coal, chemical, water, and others. By solution, it is divided into security solutions, automation and control, integrity and tracking solution, network communication solution, and others. On the basis of service, the market is divided into consulting services, managed services, and maintenance and support. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The COVID-19 outbreak negatively affected most of the pipeline transport market's development. The government's efforts to halt the spread of the virus resulted in a global lockdown, resulting in the shutdown of various industries, which resulted in a drop in demand for petroleum and chemical raw materials used to manufacture finished products; the lack of a workforce resulted in the bankruptcy of many manufacturing industries around the world. The COVID-19 pandemic has stimulated the demand for pipeline transportation as they are directly connected to the source of raw materials such as oil fields, refineries, and other chemical plants. Overcoming transportation constraints imposed by the pandemic led to government investment in the deployment of transportation pipelines.
Pipeline transportation is ideal for unidirectional flow of goods and inflationary influences have minimal effect on the transport cost. In comparison with conventional transportation, pipeline transportation has many advantages such as low operating cost, environment friendliness, flexibility, and complete automation of loading and unloading operations. These are all factors that are driving the pipeline transport market and are expected to fuel its growth at an extremely high pace.
Increase in the development of chemical manufacturing sites across the globe surges the demand for various chemicals that are produced during the refining of crude oil. This is one of the factors that drives the growth of the market. Surge in investment of the government toward wastewater treatment plants to reuse the water for other purposes along with increase in population has led to development of food processing manufacturing plants where water transport pipelines and other liquids such as beer, and milk transport pipelines, are used to improve the efficiency of the production and meet the demand for the consumer. Increase in the water desalination plants and transportation of water across variety of terrain and hills to provide water to the consumer drives the growth of the market.
The rapid advancement of detecting technology such as sensors, batch trackers, and pipeline management systems, is imperative so that the operator can take appropriate decisions at the right time, as a wrong decision can lead to massive losses. The increase in R&D information communication technology to streamline the management and improve the efficiency regarding the surveillance and monitoring to avoid environmental pollution and dangerous hazards such as gas leakage and others, are expected to create opportunities for key players in the market.
The pipeline is not suitable for transporting solid goods such as iron, coal, and others; as most of the solid materials that are needed to transport cannot be converted in the form of slurry. Pipelines can pollute the air, water, soil, and climate when they leak. Pipelines that cross rivers and streams are more vulnerable to breaks when heavy rain and floods occur. The above-mentioned are all the factors hampering the growth of the pipeline transportation market.
The initial cost of laying pipelines for the transportation of liquids is extremely high due to utilization of high-cost materials such as steel to produce pipelines. In addition, the construction of pipelines must go through various landscapes such as water bodies, deserts, and other climatic conditions, which will increase the need for labor; thus, having an impact on the cost of infrastructure. Furthermore, there is demand for specialized pipelines to transport chemicals, which is expected to lead to an increase in the utilization of various other materials to improve the safety of the transportation of chemicals.
The global pipeline transportation market forecast is segmented on the basis of type, solution, service, and region. By type, the market is divided into oil & gas, coal, chemical, water, and others. By solution, it is divided into security solutions, automation and control, integrity and tracking solution, network communication solution, and others. On the basis of service, the market is divided into consulting services, managed services, and maintenance and support. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Impact of Covid-19 on Global Pipeline Transportation Marke.
The COVID-19 outbreak negatively affected most of the pipeline transport market's development. The government's efforts to halt the spread of the virus resulted in a global lockdown, resulting in the shutdown of various industries, which resulted in a drop in demand for petroleum and chemical raw materials used to manufacture finished products; the lack of a workforce resulted in the bankruptcy of many manufacturing industries around the world. The COVID-19 pandemic has stimulated the demand for pipeline transportation as they are directly connected to the source of raw materials such as oil fields, refineries, and other chemical plants. Overcoming transportation constraints imposed by the pandemic led to government investment in the deployment of transportation pipelines.
Competitive Landscape
Key players in pipeline transportation industry include Alstom, ABB Ltd., Schneider Electric, Siemens, ESRI, Emerson, Trimble Navigation Limited, Rockwell Automation, FMC Technologies, and Alcatel-Lucent. Key players are focusing on collaboration and investment to expand their product portfolio and to strengthen their production capacity. For instance, in 2022, Trimble and Exyn Technologies, a pioneer in multi-platform robotic autonomy for complex, GPS-denied environments, announced a strategic collaboration to explore the use of autonomous construction surveying technology.KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pipeline transportation market analysis from 2021 to 2031 to identify the prevailing pipeline transportation market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the pipeline transportation market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global pipeline transportation market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Oil and Gas
- Coal
- Chemical
- Water
- Others
By Solution Type
- Security Solutions
- Automation and Control
- Integrity and Tracking Solution
- Network Communication Solution
- Others
By Services
- Consulting Service
- Managed Service
- Maintenance and Support
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Rockwell Automation, Inc.
- Schneider Electric
- ESRI
- ABB Ltd.
- FMC Technologies
- Alcatel-Lucent Enterprise International
- Siemens AG
- Trimble Navigation Limited
- Emerson Electric Co.
- Alstom SA
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in the demand for oil & gas and the rise in the production of offshore resources
3.4.1.2. Demand for cost-efficient transportation system for chemicals and other liquids
3.4.2. Restraints
3.4.2.1. Presence of Intrusion and leakage detection during transportation
3.4.2.2. It is not suitable for the transportation of solid goods and is prone to cause huge damage to the environment
3.4.3. Opportunities
3.4.3.1. Emerging technologies to overcome pipeline transportation restraints
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Value Chain Analysis
CHAPTER 4: PIPELINE TRANSPORTATION MARKET, BY TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2. Oil and Gas
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Coal
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4. Chemical
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
4.5. Water
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market share analysis by country
4.6. Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market share analysis by country
CHAPTER 5: PIPELINE TRANSPORTATION MARKET, BY SOLUTION TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2. Security Solutions
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Automation and Control
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Integrity and Tracking Solution
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Network Communication Solution
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6. Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country
CHAPTER 6: PIPELINE TRANSPORTATION MARKET, BY SERVICES
6.1 Overview
6.1.1 Market size and forecast
6.2. Consulting Service
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Managed Service
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
6.4. Maintenance and Support
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market share analysis by country
CHAPTER 7: PIPELINE TRANSPORTATION MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Type
7.2.3 North America Market size and forecast, by Solution Type
7.2.4 North America Market size and forecast, by Services
7.2.5 North America Market size and forecast, by country
7.2.5.1 U. S.
7.2.5.1.1 Key market trends, growth factors and opportunities
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Solution Type
7.2.5.1.4 Market size and forecast, by Services
7.2.5.2 Canada
7.2.5.2.1 Key market trends, growth factors and opportunities
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Solution Type
7.2.5.2.4 Market size and forecast, by Services
7.2.5.3 Mexico
7.2.5.3.1 Key market trends, growth factors and opportunities
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Solution Type
7.2.5.3.4 Market size and forecast, by Services
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Type
7.3.3 Europe Market size and forecast, by Solution Type
7.3.4 Europe Market size and forecast, by Services
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Key market trends, growth factors and opportunities
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Solution Type
7.3.5.1.4 Market size and forecast, by Services
7.3.5.2 France
7.3.5.2.1 Key market trends, growth factors and opportunities
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Solution Type
7.3.5.2.4 Market size and forecast, by Services
7.3.5.3 Italy
7.3.5.3.1 Key market trends, growth factors and opportunities
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Solution Type
7.3.5.3.4 Market size and forecast, by Services
7.3.5.4 Spain
7.3.5.4.1 Key market trends, growth factors and opportunities
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Solution Type
7.3.5.4.4 Market size and forecast, by Services
7.3.5.5 UK
7.3.5.5.1 Key market trends, growth factors and opportunities
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Solution Type
7.3.5.5.4 Market size and forecast, by Services
7.3.5.6 Rest of Europe
7.3.5.6.1 Key market trends, growth factors and opportunities
7.3.5.6.2 Market size and forecast, by Type
7.3.5.6.3 Market size and forecast, by Solution Type
7.3.5.6.4 Market size and forecast, by Services
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Type
7.4.3 Asia-Pacific Market size and forecast, by Solution Type
7.4.4 Asia-Pacific Market size and forecast, by Services
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Key market trends, growth factors and opportunities
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Solution Type
7.4.5.1.4 Market size and forecast, by Services
7.4.5.2 Japan
7.4.5.2.1 Key market trends, growth factors and opportunities
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Solution Type
7.4.5.2.4 Market size and forecast, by Services
7.4.5.3 India
7.4.5.3.1 Key market trends, growth factors and opportunities
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Solution Type
7.4.5.3.4 Market size and forecast, by Services
7.4.5.4 South Korea
7.4.5.4.1 Key market trends, growth factors and opportunities
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Solution Type
7.4.5.4.4 Market size and forecast, by Services
7.4.5.5 Rest of Asia-Pacific
7.4.5.5.1 Key market trends, growth factors and opportunities
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Solution Type
7.4.5.5.4 Market size and forecast, by Services
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Type
7.5.3 LAMEA Market size and forecast, by Solution Type
7.5.4 LAMEA Market size and forecast, by Services
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Brazil
7.5.5.1.1 Key market trends, growth factors and opportunities
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Solution Type
7.5.5.1.4 Market size and forecast, by Services
7.5.5.2 Saudi Arabia
7.5.5.2.1 Key market trends, growth factors and opportunities
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Solution Type
7.5.5.2.4 Market size and forecast, by Services
7.5.5.3 South Africa
7.5.5.3.1 Key market trends, growth factors and opportunities
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Solution Type
7.5.5.3.4 Market size and forecast, by Services
7.5.5.4 Rest of LAMEA
7.5.5.4.1 Key market trends, growth factors and opportunities
7.5.5.4.2 Market size and forecast, by Type
7.5.5.4.3 Market size and forecast, by Solution Type
7.5.5.4.4 Market size and forecast, by Services
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1 Rockwell Automation, Inc.
9.1.1 Company overview
9.1.2 Key Executives
9.1.3 Company snapshot
9.1.4 Operating business segments
9.1.5 Product portfolio
9.1.6 Business performance
9.1.7 Key strategic moves and developments
9.2 Schneider Electric
9.2.1 Company overview
9.2.2 Key Executives
9.2.3 Company snapshot
9.2.4 Operating business segments
9.2.5 Product portfolio
9.2.6 Business performance
9.2.7 Key strategic moves and developments
9.3 ESRI
9.3.1 Company overview
9.3.2 Key Executives
9.3.3 Company snapshot
9.3.4 Operating business segments
9.3.5 Product portfolio
9.3.6 Business performance
9.3.7 Key strategic moves and developments
9.4 ABB Ltd.
9.4.1 Company overview
9.4.2 Key Executives
9.4.3 Company snapshot
9.4.4 Operating business segments
9.4.5 Product portfolio
9.4.6 Business performance
9.4.7 Key strategic moves and developments
9.5 FMC Technologies
9.5.1 Company overview
9.5.2 Key Executives
9.5.3 Company snapshot
9.5.4 Operating business segments
9.5.5 Product portfolio
9.5.6 Business performance
9.5.7 Key strategic moves and developments
9.6 Alcatel-Lucent Enterprise International
9.6.1 Company overview
9.6.2 Key Executives
9.6.3 Company snapshot
9.6.4 Operating business segments
9.6.5 Product portfolio
9.6.6 Business performance
9.6.7 Key strategic moves and developments
9.7 Siemens AG
9.7.1 Company overview
9.7.2 Key Executives
9.7.3 Company snapshot
9.7.4 Operating business segments
9.7.5 Product portfolio
9.7.6 Business performance
9.7.7 Key strategic moves and developments
9.8 Trimble Navigation Limited
9.8.1 Company overview
9.8.2 Key Executives
9.8.3 Company snapshot
9.8.4 Operating business segments
9.8.5 Product portfolio
9.8.6 Business performance
9.8.7 Key strategic moves and developments
9.9 Emerson Electric Co.
9.9.1 Company overview
9.9.2 Key Executives
9.9.3 Company snapshot
9.9.4 Operating business segments
9.9.5 Product portfolio
9.9.6 Business performance
9.9.7 Key strategic moves and developments
9.10 Alstom SA
9.10.1 Company overview
9.10.2 Key Executives
9.10.3 Company snapshot
9.10.4 Operating business segments
9.10.5 Product portfolio
9.10.6 Business performance
9.10.7 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Pipeline transportation Market,' The pipeline transportation market was valued at $17.9 billion in 2021, and is estimated to reach $37.4 billion by 2031, growing at a CAGR of 7.7% from 2022 to 2031.Pipeline transportation networks play an important role in the global transportation of fuels, chemicals, and water supplies, with linkages to other key infrastructures such as oilfields, power plants, and airports. It has been in use since the 1880s because of its affordable advantages of being affordable and having excellent safety standards. These pipelines are essential to the country's growth and offer connection alternatives in areas with high product demand.
A rise in energy demand from diverse industries has been brought on by the population increase in highly urbanized areas as a result of migration. Urbanization and industrialization are booming, which has boosted demand for power and, by necessity, for oil, gas, and coal. Most electricity is generated from conventional fuels like oil, gas, and coal since renewable energy is still in the early stages of its life cycle in many regions of the world. Since pipelines provide the most economical delivery for these fuels across large distances, they are necessary. High energy demand has caused an increase in offshore exploration efforts, which has sped up the construction of pipeline infrastructure. This has increased the need for pipeline transport services and solutions.
One of the key drivers of pipeline transportation is the increased demand for oil and gas in the energy and chemical sectors, which is critical to expanding pipeline transportation. Furthermore, the worldwide pipeline transportation industry is being driven by an increase in demand for cost-effective transportation systems for chemicals and other liquid products. Population growth and industrialization will drive up demand for chemicals and water resources, which significantly impact which have a significant positive impact on the market.
The global pipeline transportation market is segmented by type, solutions, services, and region. By type, the market is divided into oil and gas, coal, chemical, water, and others. By solution, it is divided into security solutions, automation and control, integrity and tracking solution, network communication solution, and others. On the basis of services, the market is divided into consulting services, managed services, and maintenance & support. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players engaged in the development and production of pipeline transportation are Alstom, ABB Ltd, Schneider Electric, Siemens, ESRI, Emerson, Trimble Navigation Limited, Rockwell Automation, FMC Technologies, and Alcatel-Lucent.
COVID-19 Impact Analysis
The Covid-19 outbreak generated major short-term issues for the oil and gas sector, including falling demand, record-low prices, logistical challenges that hampered the development of new pipelines and terminals, and an uncertain atmosphere that discourages investment in new projects.
Many governments are utilizing Covid-19 relief packages to promote renewables and shift away from fossil projects with strained budgets were already strained before the outbreak. President Biden has proposed a $2 trillion initiative to convert the country to carbon-free electrical generation by 2035. The above-mentioned considerations will gradually reduce the use of pipeline transportation.
Key findings of the study
On the basis of type, the oil and gas segment emerged as the global leader by acquiring more than 51.6% of the pipeline transportation market share in 2021 and is anticipated to continue this trend during the forecast period.On the basis of solution, the network communication segment accounted for 32.0% of the global pipeline transportation market share in FY2021.
On the basis of service, the maintenance and support segment accounted for 40.0% of the global market share in FY2021.
On the basis of region, Asia-Pacific is the major consumer of Pipeline transportation among other regions. It accounted for around 38.0% of the global market share in 2021.
Companies Mentioned
- Rockwell Automation, Inc.
- Schneider Electric
- Esri
- ABB Ltd.
- Fmc Technologies
- Alcatel-Lucent Enterprise International
- Siemens AG
- Trimble Navigation Limited
- Emerson Electric Co.
- Alstom SA
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 266 |
| Published | November 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 17.9 billion |
| Forecasted Market Value ( USD | $ 37.4 billion |
| Compound Annual Growth Rate | 7.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
