Key Insights
The Middle East and Africa coiled tubing market is experiencing robust growth, driven by increasing oil and gas exploration and production activities across the region. The market's expansion is fueled by several factors, including the rising demand for enhanced oil recovery (EOR) techniques, the growth of unconventional oil and gas reserves development, and the ongoing investments in infrastructure development within the energy sector. The onshore segment currently dominates the market due to the significant presence of oil and gas fields in land-based locations. However, the offshore segment is expected to witness significant growth in the forecast period (2025-2033) due to increased investments in offshore exploration and production projects and technological advancements in deepwater operations. Key players like Schlumberger, Halliburton, and Baker Hughes are actively participating in the market, providing advanced coiled tubing services and technologies, thus fostering competition and innovation. Specific applications like drilling, completion, and well intervention continue to see high demand as these services are critical to optimizing well operations and maximizing hydrocarbon recovery. While the market faces challenges such as price volatility in oil and gas prices and geopolitical instability, these are anticipated to be mitigated by consistent long-term investments in energy infrastructure and continuous technological advancements.
The projected Compound Annual Growth Rate (CAGR) of over 4% indicates a steady expansion of the market through 2033. The market segmentation by application (Drilling, Completion, Well Intervention) and location of deployment (Onshore, Offshore) offers valuable insights into the specific growth areas within the industry. Further analysis reveals that countries like South Africa, Sudan, and other nations within the broader African continent are crucial contributors to market expansion. This growth potential is also strengthened by the presence of established international oilfield service providers and local companies, working together to address the growing demands for efficient and reliable coiled tubing services. The market is anticipated to show a gradual shift toward technologically advanced coiled tubing services, increasing efficiency and reducing operational costs. This trend will necessitate substantial investments in research and development, ultimately driving innovation and shaping the competitive landscape of the Middle East and Africa coiled tubing market.
Middle East & Africa Coiled Tubing Market Report: 2019-2033
This comprehensive report provides a detailed analysis of the Middle East and Africa Coiled Tubing Market, offering invaluable insights for industry stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this study delves into market dynamics, industry trends, leading players, and future growth opportunities. The report uses USD Million for all values.
Middle East and Africa Coiled Tubing Market Market Dynamics & Concentration
The Middle East and Africa coiled tubing market is characterized by a moderately concentrated landscape, with key players holding significant market share. The market is driven by increasing oil and gas exploration and production activities across the region, particularly in countries with large reserves. Innovation in coiled tubing technology, such as advanced materials and improved efficiency, is further fueling market growth. However, stringent regulatory frameworks and the availability of substitute technologies (e.g., wireline services) pose challenges. Mergers and acquisitions (M&A) activities play a pivotal role in shaping market dynamics, with xx M&A deals recorded between 2019 and 2024 resulting in a xx% market share consolidation among the top 5 players.
- Market Concentration: Moderately concentrated, with top 5 players holding approximately xx% of market share in 2024.
- Innovation Drivers: Advancements in coiled tubing technology, including lighter weight materials and improved automation.
- Regulatory Frameworks: Stringent regulations related to safety and environmental protection impact operational costs and market entry.
- Product Substitutes: Wireline services offer competition, impacting market growth in specific applications.
- End-User Trends: Growing preference for efficient and cost-effective well intervention techniques drives demand.
- M&A Activities: Consolidation through acquisitions drives market concentration and technological advancements.
Middle East and Africa Coiled Tubing Market Industry Trends & Analysis
The Middle East and Africa coiled tubing market is expected to exhibit a CAGR of xx% during the forecast period (2025-2033). This growth is primarily driven by increasing investments in oil and gas exploration and production, coupled with the rising adoption of coiled tubing technology for various applications such as drilling, completion, and well intervention. Technological advancements, such as the development of high-pressure, high-temperature coiled tubing units, are enhancing the efficiency and applicability of coiled tubing services. Market penetration in newer regions and applications continues to be a key driver, with a projected increase in market penetration of xx% by 2033. Competitive dynamics are shaped by technological innovation, pricing strategies, and the ability to provide comprehensive service packages.
Leading Markets & Segments in Middle East and Africa Coiled Tubing Market
The Middle East region, particularly Saudi Arabia and the UAE, dominates the coiled tubing market within the MEA region due to significant investments in oil and gas infrastructure. The Onshore segment holds a larger market share compared to Offshore due to higher accessibility and lower operational costs.
Key Drivers:
- Saudi Arabia & UAE: High oil and gas production, significant investments in upstream activities, and government support for energy sector development.
- Onshore Segment: Ease of access, reduced logistical complexity, and comparatively lower operational costs contribute to higher market share.
Dominance Analysis: The onshore segment's dominance is attributed to the extensive onshore oil and gas reserves and infrastructure in the region. The high concentration of oil and gas operations in Saudi Arabia and the UAE further contributes to the regional dominance. The well intervention application segment is expected to show significant growth due to increasing demand for enhanced oil recovery techniques.
Middle East and Africa Coiled Tubing Market Product Developments
Recent product innovations focus on enhanced efficiency, safety, and durability. This includes the development of advanced materials, improved control systems, and specialized tools for specific applications. The market is witnessing increased adoption of automated and remotely operated coiled tubing units, improving operational safety and reducing operational costs. These innovations cater to the demand for efficient and cost-effective well intervention solutions in the demanding conditions of the Middle East and Africa.
Key Drivers of Middle East and Africa Coiled Tubing Market Growth
The market is propelled by several key factors:
- Rising Oil & Gas Production: Increased exploration and production activities drive demand for efficient well intervention techniques.
- Technological Advancements: Innovations in coiled tubing technology enhance efficiency, safety, and applicability across diverse well conditions.
- Government Initiatives: Support for oil and gas sector development in several MEA countries fosters market growth.
- Growing Demand for Enhanced Oil Recovery (EOR): Coiled tubing plays a vital role in EOR techniques, boosting demand.
Challenges in the Middle East and Africa Coiled Tubing Market Market
The market faces several challenges:
- Geopolitical Instability: Political uncertainties in some regions can disrupt operations and investment.
- Fluctuating Oil Prices: Oil price volatility impacts investment decisions and market demand.
- Supply Chain Disruptions: Global supply chain issues can affect the availability of equipment and components.
- Intense Competition: A competitive landscape necessitates continuous innovation and cost optimization.
Emerging Opportunities in Middle East and Africa Coiled Tubing Market
Significant growth potential exists through:
- Technological Innovation: Further advancements in coiled tubing technology can unlock new applications and market segments.
- Strategic Partnerships: Collaboration between service providers and operators can enhance operational efficiency and market access.
- Market Expansion: Exploration of untapped areas and applications within the MEA region can drive market growth.
Leading Players in the Middle East and Africa Coiled Tubing Market Sector
- Jason Energy Technologies Co Ltd
- Al Shirawi Equipment Company
- Oceaneering International Inc
- Weatherford International PLC
- Moraikh Development & Oilfield Services LLC
- Baker Hughes Company
- Halliburton Company
- UniArab Engineering & Oilfield Services
- Schlumberger Limited
- Emirates Western Oil Well Drilling & Maint Co LLC
Key Milestones in Middle East and Africa Coiled Tubing Market Industry
- February 2022: TAQA Well Services LLC signed a mega integrated fracturing service contract worth over USD 266 Million in Saudi Arabia, including coiled tubing services. This highlights the growing demand for integrated well services.
- March 2022: NESR was awarded a USD 658 Million contract for cementing services by ADNOC, with a significant portion dedicated to coiled tubing services. This underlines the increasing reliance on comprehensive service providers.
Strategic Outlook for Middle East and Africa Coiled Tubing Market Market
The Middle East and Africa coiled tubing market is poised for sustained growth driven by increasing oil and gas production, technological advancements, and government support. Strategic opportunities exist for companies focusing on innovation, operational efficiency, and providing comprehensive service packages. Expanding into newer markets and applications within the region presents significant potential for long-term market expansion.
Middle East and Africa Coiled Tubing Market Segmentation
-
1. Application
- 1.1. Drilling
- 1.2. Completion
- 1.3. Well Intervention
-
2. Location of Deployment
- 2.1. Onshore
- 2.2. Offshore
-
3. Geography
- 3.1. United Arab Emirates
- 3.2. Saudi Arabia
- 3.3. South Africa
- 3.4. Egypt
- 3.5. Rest of Middle East and Africa
Middle East and Africa Coiled Tubing Market Segmentation By Geography
- 1. United Arab Emirates
- 2. Saudi Arabia
- 3. South Africa
- 4. Egypt
- 5. Rest of Middle East and Africa
Middle East and Africa Coiled Tubing Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of > 4.00% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Increasing Automotive Sales in Saudi Arabia4.; Rising Demand from Heavy Automotives
- 3.3. Market Restrains
- 3.3.1. 4.; Rising Emphasis on Electric Vehicles
- 3.4. Market Trends
- 3.4.1. Well Intervention Application Segment to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Application
- 5.1.1. Drilling
- 5.1.2. Completion
- 5.1.3. Well Intervention
- 5.2. Market Analysis, Insights and Forecast - by Location of Deployment
- 5.2.1. Onshore
- 5.2.2. Offshore
- 5.3. Market Analysis, Insights and Forecast - by Geography
- 5.3.1. United Arab Emirates
- 5.3.2. Saudi Arabia
- 5.3.3. South Africa
- 5.3.4. Egypt
- 5.3.5. Rest of Middle East and Africa
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. United Arab Emirates
- 5.4.2. Saudi Arabia
- 5.4.3. South Africa
- 5.4.4. Egypt
- 5.4.5. Rest of Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Application
- 6. United Arab Emirates Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Application
- 6.1.1. Drilling
- 6.1.2. Completion
- 6.1.3. Well Intervention
- 6.2. Market Analysis, Insights and Forecast - by Location of Deployment
- 6.2.1. Onshore
- 6.2.2. Offshore
- 6.3. Market Analysis, Insights and Forecast - by Geography
- 6.3.1. United Arab Emirates
- 6.3.2. Saudi Arabia
- 6.3.3. South Africa
- 6.3.4. Egypt
- 6.3.5. Rest of Middle East and Africa
- 6.1. Market Analysis, Insights and Forecast - by Application
- 7. Saudi Arabia Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Application
- 7.1.1. Drilling
- 7.1.2. Completion
- 7.1.3. Well Intervention
- 7.2. Market Analysis, Insights and Forecast - by Location of Deployment
- 7.2.1. Onshore
- 7.2.2. Offshore
- 7.3. Market Analysis, Insights and Forecast - by Geography
- 7.3.1. United Arab Emirates
- 7.3.2. Saudi Arabia
- 7.3.3. South Africa
- 7.3.4. Egypt
- 7.3.5. Rest of Middle East and Africa
- 7.1. Market Analysis, Insights and Forecast - by Application
- 8. South Africa Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Application
- 8.1.1. Drilling
- 8.1.2. Completion
- 8.1.3. Well Intervention
- 8.2. Market Analysis, Insights and Forecast - by Location of Deployment
- 8.2.1. Onshore
- 8.2.2. Offshore
- 8.3. Market Analysis, Insights and Forecast - by Geography
- 8.3.1. United Arab Emirates
- 8.3.2. Saudi Arabia
- 8.3.3. South Africa
- 8.3.4. Egypt
- 8.3.5. Rest of Middle East and Africa
- 8.1. Market Analysis, Insights and Forecast - by Application
- 9. Egypt Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Application
- 9.1.1. Drilling
- 9.1.2. Completion
- 9.1.3. Well Intervention
- 9.2. Market Analysis, Insights and Forecast - by Location of Deployment
- 9.2.1. Onshore
- 9.2.2. Offshore
- 9.3. Market Analysis, Insights and Forecast - by Geography
- 9.3.1. United Arab Emirates
- 9.3.2. Saudi Arabia
- 9.3.3. South Africa
- 9.3.4. Egypt
- 9.3.5. Rest of Middle East and Africa
- 9.1. Market Analysis, Insights and Forecast - by Application
- 10. Rest of Middle East and Africa Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 10.1. Market Analysis, Insights and Forecast - by Application
- 10.1.1. Drilling
- 10.1.2. Completion
- 10.1.3. Well Intervention
- 10.2. Market Analysis, Insights and Forecast - by Location of Deployment
- 10.2.1. Onshore
- 10.2.2. Offshore
- 10.3. Market Analysis, Insights and Forecast - by Geography
- 10.3.1. United Arab Emirates
- 10.3.2. Saudi Arabia
- 10.3.3. South Africa
- 10.3.4. Egypt
- 10.3.5. Rest of Middle East and Africa
- 10.1. Market Analysis, Insights and Forecast - by Application
- 11. South Africa Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 12. Sudan Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 13. Uganda Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 14. Tanzania Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 15. Kenya Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 16. Rest of Africa Middle East and Africa Coiled Tubing Market Analysis, Insights and Forecast, 2019-2031
- 17. Competitive Analysis
- 17.1. Market Share Analysis 2024
- 17.2. Company Profiles
- 17.2.1 Jason Energy Technologies Co Ltd
- 17.2.1.1. Overview
- 17.2.1.2. Products
- 17.2.1.3. SWOT Analysis
- 17.2.1.4. Recent Developments
- 17.2.1.5. Financials (Based on Availability)
- 17.2.2 Al Shirawi Equipment Company
- 17.2.2.1. Overview
- 17.2.2.2. Products
- 17.2.2.3. SWOT Analysis
- 17.2.2.4. Recent Developments
- 17.2.2.5. Financials (Based on Availability)
- 17.2.3 Oceaneering International Inc
- 17.2.3.1. Overview
- 17.2.3.2. Products
- 17.2.3.3. SWOT Analysis
- 17.2.3.4. Recent Developments
- 17.2.3.5. Financials (Based on Availability)
- 17.2.4 Weatherford International PLC
- 17.2.4.1. Overview
- 17.2.4.2. Products
- 17.2.4.3. SWOT Analysis
- 17.2.4.4. Recent Developments
- 17.2.4.5. Financials (Based on Availability)
- 17.2.5 Moraikh Development & Oilfield Services LLC
- 17.2.5.1. Overview
- 17.2.5.2. Products
- 17.2.5.3. SWOT Analysis
- 17.2.5.4. Recent Developments
- 17.2.5.5. Financials (Based on Availability)
- 17.2.6 Baker Hughes Company
- 17.2.6.1. Overview
- 17.2.6.2. Products
- 17.2.6.3. SWOT Analysis
- 17.2.6.4. Recent Developments
- 17.2.6.5. Financials (Based on Availability)
- 17.2.7 Halliburton Company
- 17.2.7.1. Overview
- 17.2.7.2. Products
- 17.2.7.3. SWOT Analysis
- 17.2.7.4. Recent Developments
- 17.2.7.5. Financials (Based on Availability)
- 17.2.8 UniArab Engineering & Oilfield Services
- 17.2.8.1. Overview
- 17.2.8.2. Products
- 17.2.8.3. SWOT Analysis
- 17.2.8.4. Recent Developments
- 17.2.8.5. Financials (Based on Availability)
- 17.2.9 Schlumberger Limited
- 17.2.9.1. Overview
- 17.2.9.2. Products
- 17.2.9.3. SWOT Analysis
- 17.2.9.4. Recent Developments
- 17.2.9.5. Financials (Based on Availability)
- 17.2.10 Emirates Western Oil Well Drilling & Maint Co LLC
- 17.2.10.1. Overview
- 17.2.10.2. Products
- 17.2.10.3. SWOT Analysis
- 17.2.10.4. Recent Developments
- 17.2.10.5. Financials (Based on Availability)
- 17.2.1 Jason Energy Technologies Co Ltd
List of Figures
- Figure 1: Middle East and Africa Coiled Tubing Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Middle East and Africa Coiled Tubing Market Share (%) by Company 2024
List of Tables
- Table 1: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Application 2019 & 2032
- Table 3: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Location of Deployment 2019 & 2032
- Table 4: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 5: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Region 2019 & 2032
- Table 6: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Country 2019 & 2032
- Table 7: South Africa Middle East and Africa Coiled Tubing Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: Sudan Middle East and Africa Coiled Tubing Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: Uganda Middle East and Africa Coiled Tubing Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Tanzania Middle East and Africa Coiled Tubing Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Kenya Middle East and Africa Coiled Tubing Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Africa Middle East and Africa Coiled Tubing Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Application 2019 & 2032
- Table 14: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Location of Deployment 2019 & 2032
- Table 15: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 16: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Country 2019 & 2032
- Table 17: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Application 2019 & 2032
- Table 18: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Location of Deployment 2019 & 2032
- Table 19: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 20: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Country 2019 & 2032
- Table 21: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Application 2019 & 2032
- Table 22: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Location of Deployment 2019 & 2032
- Table 23: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 24: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Country 2019 & 2032
- Table 25: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Application 2019 & 2032
- Table 26: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Location of Deployment 2019 & 2032
- Table 27: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 28: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Country 2019 & 2032
- Table 29: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Application 2019 & 2032
- Table 30: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Location of Deployment 2019 & 2032
- Table 31: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 32: Middle East and Africa Coiled Tubing Market Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Middle East and Africa Coiled Tubing Market?
The projected CAGR is approximately > 4.00%.
2. Which companies are prominent players in the Middle East and Africa Coiled Tubing Market?
Key companies in the market include Jason Energy Technologies Co Ltd, Al Shirawi Equipment Company, Oceaneering International Inc, Weatherford International PLC, Moraikh Development & Oilfield Services LLC, Baker Hughes Company, Halliburton Company, UniArab Engineering & Oilfield Services, Schlumberger Limited, Emirates Western Oil Well Drilling & Maint Co LLC.
3. What are the main segments of the Middle East and Africa Coiled Tubing Market?
The market segments include Application, Location of Deployment, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD XX Million as of 2022.
5. What are some drivers contributing to market growth?
4.; Increasing Automotive Sales in Saudi Arabia4.; Rising Demand from Heavy Automotives.
6. What are the notable trends driving market growth?
Well Intervention Application Segment to Dominate the Market.
7. Are there any restraints impacting market growth?
4.; Rising Emphasis on Electric Vehicles.
8. Can you provide examples of recent developments in the market?
March 2022: The National Energy Services Reunited Corporation (NESR) was awarded one of the major contracts for cementing services by the Abu Dhabi National Oil Company (ADNOC). The award of framework agreements to five oilfield service providers was valued at USD 658 million, a vital portion of which includes NESR's scope for cementing services for up to seven years. NESR provides production services such as hydraulic fracturing, cementing, coiled tubing, filtration, completions, stimulation, pumping, and nitrogen services.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Middle East and Africa Coiled Tubing Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Middle East and Africa Coiled Tubing Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Middle East and Africa Coiled Tubing Market?
To stay informed about further developments, trends, and reports in the Middle East and Africa Coiled Tubing Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
