Solar Home Systems Market Analysis Middle East and Africa, APAC, South America, North America, Europe - Kenya, Uganda, Tanzania, China, India - Size and Forecast 2024-2028

Published: Feb 2024

Pages: 167

SKU: IRTNTR73753

Snapshot

Solar Home Systems Market 2024-2028

The solar home systems market size is forecast to increase by USD 2,975.58 million, at a CAGR of 21.58% between 2023 and 2028. The market research and growth report includes historic market data from 2018-2022. The market is witnessing a growing demand for rising support from NGOs, the rapid growth in the adoption of portable devices, and the increasing demand for clean energy technologies.

Market Overview :

The PAYG products segment is the fastest-growing segment during the forecast year
The PAYG products segment was the largest segment and was valued at USD 663.02 million in 2018.
Middle East and Africa is the most dominating region during the forecast period
The market growth and forecasting also include an in-depth analysis of the availability of favorable financing options, the rapid growth in the adoption of portable devices, and the low awareness of alternative sustainable technologies.

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Market Trends

Rapid growth in the adoption of portable devices is the primary trend shaping market growth. There has been rapid growth in the adoption of small portable devices such as tablets, smartphones, and e-readers, which consume relatively small amounts of electrical power. Furthermore, it is expected that most electrical devices and certain consumer items, such as clothing, could be connected to IoT devices, thus using energy to collect, process, store, transmit, and receive data.

Additionally, aligning market trends and analysis of the number of small portable devices with integrated solar modules and rechargeable batteries built into the design has progressed considerably. Furthermore, certain devices use rechargeable batteries rather than disposable batteries for operations, thus allowing the devices to be recharged using solar home systems. Consequently, the increase in the use of portable devices is expected to boost the growth of the market during the forecast period.

Market Largest-Growing Segments

PAYG Products Segment Analysis

Energy access is revolutionized in the solar home systems market by the PAYG model, particularly in underserved areas. This model dispenses with the requirement for upfront payments, enabling clients to purchase solar solutions in manageable installments. Installing solar panels and batteries at the customer's house and making payments on a daily, weekly, or monthly basis are the typical PAYG setups. Mobile money services and other convenient payment methods are frequently used. By utilizing remote monitoring technology, PAYG systems allow providers to keep tabs on payment status and usage.

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Furthermore, in the PAYG business model, companies rent out solar home systems, and consumers use basic mobile phones to make payments on a daily, weekly, or monthly basis. Thus, PAYG solar home systems are being used as an effective solution to provide people, particularly in African countries, with access to electricity. To do so, governments, as well as NGOs in several countries, are supporting the adoption of PAYG solar home systems. Thus, such factors will drive market growth through the PAYG segment during the forecast period.

Market Regional Analysis

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Middle East and Africa is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Off-grid solar power presents a rapid and cost-effective solution to enhance global energy access, notably in regions like Malawi aiming for a 30% grid access rate by 2030. Initiatives such as USAID's Power Africa SHS Kickstarter program stimulate demand for solar home systems through grants, financial support, consumer education, and policy reforms. Private firms leverage advancements in technology and mobile payment schemes, particularly through the PAYG model, to meet rural electrification needs in Africa. Hence, such factors are expected to drive market growth in this region during the forecast period.

Market Dynamics

Key Drivers of the Market

The availability of favorable financing options is the key factor driving market growth. Fee-for-service or PAYG concepts for solar home systems have been gaining popularity in regions such as Africa and Asia. The companies that are actively involved in the PAYG solar home systems business are known as off-grid energy companies or distributed energy service companies. For PAYG products, companies rent out solar lighting systems, which constitute home products such as lights, TVs, and refrigerators, along with solar-based power supply mechanisms, to consumers.

Additionally, the customers then pay for the product in installments or for the use of the product as a service. Furthermore, consumers receive immediate access to clean and ready-to-use solar home systems without the need for any kind of loan. Under this model, customers can opt to either take over the ownership of the systems or just purchase solar home systems as a service. Thus, such factors will boost market growth during the forecast period.

Significance Challenges of Market

Low awareness about alternative sustainable technologies is a challenge that affects market growth. There is a dire need to increase awareness among the target market regarding clean and sustainable energy-generation technologies, the benefits of such technologies, as well as hazards involved in the use of carbon-intensive fuels for illuminating homes. The shortage of entrepreneurial capacity and skills in the energy sector has limited the marketing of solar products and other modern energy technologies among consumers.

Moreover, a challenge resulting from the lack of awareness, which is difficult to overcome, is market spoilage. Market spoilage occurs due to the incidence of sub-standard or fake products in the market. Poor-quality and cheap products hinder market penetration as end-users lose faith in the technology because of a bad experience with sub-standard products. Thus, such factors will impede market growth during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market growth analysis, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Canadian Solar Inc.: The company offers solar home systems such as TOPHiKu 6, HiKu 6, HiHero solar modules; three phase string solar inverter with different sizes and features to match system size and needs.

The research report also includes detailed analyses of the competitive landscape of the market and information about 23 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends opportunities from 2018 to 2028.

Type Outlook
- PAYG products
- Cash products

Distribution Channel Outlook
- Offline
- Online

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Brazil
  - Argentina
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Solar Home Systems Market Scope
Report Coverage	Details
Page number	167
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 21.58%
Market Growth 2024-2028	USD 2,975.58 million
Market structure	Fragmented
YoY growth 2023-2024(%)	19.61
Regional analysis	Middle East and Africa, APAC, South America, North America, and Europe
Performing market contribution	Middle East and Africa at 42%
Key countries	Kenya, Uganda, Tanzania, China, and India
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	ABB Ltd., Array Technologies Inc., Canadian Solar Inc., Enphase Energy Inc., Fosera Solarsystems GmbH and Co. KGaA, Greenlight Planet, JinkoSolar Holding Co. Ltd., LG Electronics Inc., Lumos Global BV, ovSolar Power Co. Ltd., Panasonic Holdings Corp., Phocos AG, Powerband Green Energy Ltd., Reliance Industries Ltd., Schneider Electric SE, Shell plc, SMA Solar Technology AG, SolarEdge Technologies Inc., SunPower Corp., Tata Power Co. Ltd., Tesla Inc., Trina Solar Co. Ltd., and Yingli Green Energy Holding Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Solar Home Systems Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market forecast between 2024 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market industry across the Middle East and Africa, APAC, South America, North America, and Europe
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global solar home systems market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global solar home systems market 2018 - 2022 ($ million)

4.2 Type Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Type Segment 2018 - 2022 ($ million)

4.3 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ million)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Exhibit 30: Chart on Type - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Type - Market share 2023-2028 (%)

6.2 Comparison by Type
- Exhibit 32: Chart on Comparison by Type
- Exhibit 33: Data Table on Comparison by Type

6.3 PAYG products - Market size and forecast 2023-2028
- Exhibit 34: Chart on PAYG products - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on PAYG products - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on PAYG products - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on PAYG products - Year-over-year growth 2023-2028 (%)

6.4 Cash products - Market size and forecast 2023-2028
- Exhibit 38: Chart on Cash products - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Cash products - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Cash products - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Cash products - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Type
- Exhibit 42: Market opportunity by Type ($ million)
- Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Distribution Channel

7.1 Market segments
- Exhibit 44: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 45: Data Table on Distribution Channel - Market share 2023-2028 (%)

7.2 Comparison by Distribution Channel
- Exhibit 46: Chart on Comparison by Distribution Channel
- Exhibit 47: Data Table on Comparison by Distribution Channel

7.3 Offline - Market size and forecast 2023-2028
- Exhibit 48: Chart on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Data Table on Offline - Market size and forecast 2023-2028 ($ million)
- Exhibit 50: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Offline - Year-over-year growth 2023-2028 (%)

7.4 Online - Market size and forecast 2023-2028
- Exhibit 52: Chart on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Online - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Online - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by Distribution Channel
- Exhibit 56: Market opportunity by Distribution Channel ($ million)
- Exhibit 57: Data Table on Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 59: Chart on Market share by geography 2023-2028 (%)
- Exhibit 60: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 61: Chart on Geographic comparison
- Exhibit 62: Data Table on Geographic comparison

9.3 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 63: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.4 APAC - Market size and forecast 2023-2028
- Exhibit 67: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.5 South America - Market size and forecast 2023-2028
- Exhibit 71: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.6 North America - Market size and forecast 2023-2028
- Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.7 Europe - Market size and forecast 2023-2028
- Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.8 Kenya - Market size and forecast 2023-2028
- Exhibit 83: Chart on Kenya - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on Kenya - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on Kenya - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Kenya - Year-over-year growth 2023-2028 (%)

9.9 China - Market size and forecast 2023-2028
- Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)

9.10 India - Market size and forecast 2023-2028
- Exhibit 91: Chart on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on India - Year-over-year growth 2023-2028 (%)

9.11 Uganda - Market size and forecast 2023-2028
- Exhibit 95: Chart on Uganda - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on Uganda - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on Uganda - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Uganda - Year-over-year growth 2023-2028 (%)

9.12 Tanzania - Market size and forecast 2023-2028
- Exhibit 99: Chart on Tanzania - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on Tanzania - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on Tanzania - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on Tanzania - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 103: Market opportunity by geography ($ million)
- Exhibit 104: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 105: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 107: Overview on factors of disruption

11.4 Industry risks
- Exhibit 108: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 109: Vendors covered

12.2 Market positioning of vendors
- Exhibit 110: Matrix on vendor position and classification

12.3 Canadian Solar Inc.
- Exhibit 111: Canadian Solar Inc. - Overview
- Exhibit 112: Canadian Solar Inc. - Business segments
- Exhibit 113: Canadian Solar Inc. - Key news
- Exhibit 114: Canadian Solar Inc. - Key offerings
- Exhibit 115: Canadian Solar Inc. - Segment focus

12.4 Enphase Energy Inc.
- Exhibit 116: Enphase Energy Inc. - Overview
- Exhibit 117: Enphase Energy Inc. - Product / Service
- Exhibit 118: Enphase Energy Inc. - Key offerings

12.5 Fosera Solarsystems GmbH and Co. KGaA
- Exhibit 119: Fosera Solarsystems GmbH and Co. KGaA - Overview
- Exhibit 120: Fosera Solarsystems GmbH and Co. KGaA - Product / Service
- Exhibit 121: Fosera Solarsystems GmbH and Co. KGaA - Key offerings

12.6 JinkoSolar Holding Co. Ltd.
- Exhibit 122: JinkoSolar Holding Co. Ltd. - Overview
- Exhibit 123: JinkoSolar Holding Co. Ltd. - Product / Service
- Exhibit 124: JinkoSolar Holding Co. Ltd. - Key offerings

12.7 LG Electronics Inc.
- Exhibit 125: LG Electronics Inc. - Overview
- Exhibit 126: LG Electronics Inc. - Product / Service
- Exhibit 127: LG Electronics Inc. - Key offerings

12.8 Lumos Global BV
- Exhibit 128: Lumos Global BV - Overview
- Exhibit 129: Lumos Global BV - Product / Service
- Exhibit 130: Lumos Global BV - Key offerings

12.9 Panasonic Holdings Corp.
- Exhibit 131: Panasonic Holdings Corp. - Overview
- Exhibit 132: Panasonic Holdings Corp. - Product / Service
- Exhibit 133: Panasonic Holdings Corp. - Key news
- Exhibit 134: Panasonic Holdings Corp. - Key offerings

12.10 Reliance Industries Ltd.
- Exhibit 135: Reliance Industries Ltd. - Overview
- Exhibit 136: Reliance Industries Ltd. - Business segments
- Exhibit 137: Reliance Industries Ltd. - Key news
- Exhibit 138: Reliance Industries Ltd. - Key offerings
- Exhibit 139: Reliance Industries Ltd. - Segment focus

12.11 Schneider Electric SE
- Exhibit 140: Schneider Electric SE - Overview
- Exhibit 141: Schneider Electric SE - Business segments
- Exhibit 142: Schneider Electric SE - Key news
- Exhibit 143: Schneider Electric SE - Key offerings
- Exhibit 144: Schneider Electric SE - Segment focus

12.12 SMA Solar Technology AG
- Exhibit 145: SMA Solar Technology AG - Overview
- Exhibit 146: SMA Solar Technology AG - Business segments
- Exhibit 147: SMA Solar Technology AG - Key offerings
- Exhibit 148: SMA Solar Technology AG - Segment focus

12.13 SunPower Corp.
- Exhibit 149: SunPower Corp. - Overview
- Exhibit 150: SunPower Corp. - Product / Service
- Exhibit 151: SunPower Corp. - Key news
- Exhibit 152: SunPower Corp. - Key offerings

12.14 Tata Power Co. Ltd.
- Exhibit 153: Tata Power Co. Ltd. - Overview
- Exhibit 154: Tata Power Co. Ltd. - Business segments
- Exhibit 155: Tata Power Co. Ltd. - Key offerings
- Exhibit 156: Tata Power Co. Ltd. - Segment focus

12.15 Tesla Inc.
- Exhibit 157: Tesla Inc. - Overview
- Exhibit 158: Tesla Inc. - Business segments
- Exhibit 159: Tesla Inc. - Key news
- Exhibit 160: Tesla Inc. - Key offerings
- Exhibit 161: Tesla Inc. - Segment focus

12.16 Trina Solar Co. Ltd.
- Exhibit 162: Trina Solar Co. Ltd. - Overview
- Exhibit 163: Trina Solar Co. Ltd. - Product / Service
- Exhibit 164: Trina Solar Co. Ltd. - Key offerings

12.17 Yingli Green Energy Holding Co. Ltd.
- Exhibit 165: Yingli Green Energy Holding Co. Ltd. - Overview
- Exhibit 166: Yingli Green Energy Holding Co. Ltd. - Product / Service
- Exhibit 167: Yingli Green Energy Holding Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 168: Inclusions checklist
- Exhibit 169: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 170: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 171: Research methodology
- Exhibit 172: Validation techniques employed for market sizing
- Exhibit 173: Information sources

13.5 List of abbreviations
- Exhibit 174: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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