Research Methodology on Microgrid Market
Introduction:
The published research report aims to analyze the size, value, and share of the global microgrid market, identify opportunities and estimate and predict the growth trajectory of the market. The major objectives of this report are to identify the key drivers and restraints of the market and provide insights into understanding the outlook for the microgrid market.
Research Design:
To estimate and predict the forecast of the microgrid market, quantitative and qualitative analysis is used for primary and secondary data sources. Primary research consists of interviews with industry experts, industry stakeholders and manufacturers, distributors, and retailers of microgrid products. Secondary research includes company websites, articles and press releases, investor databases, and industry associations as well as publicly available financial reports.
Data Collection:
To analyse and estimate the size, share and value of the global microgrid market, qualitative and quantitative data are collected from various primary sources including key industry workers such as chief executive officers, directors and vice presidents in the microgrid industry. MRFR also conducted secondary research to collect data such as company websites, articles and press releases, investor databases, and industry associations as well as publicly available financial reports.
Market Size Estimation & Forecasting:
or the purpose of market size estimation and forecasting of the global microgrid market, both bottom-up and top-down approaches are implemented. The bottom-up approach is based on the revenue generated in each region by the different players in the microgrid market. This approach is used to calculate the size, share and value of the overall microgrid market. The top-down approach is used to analyse the market size, share and value of the overall microgrid market based on the company’s CAGR, market segmentation and technology trends in the overall microgrid market.
Market Breakdown & Data Triangulation:
Once the sizes of the different market segments are estimated and forecasted, they are further broken down into the various application areas by technology, geography, type and end-use industry. The data is further triangulated by considering various factors and trends from both the demand and supply sides.
Research Assumptions:
It is assumed that the overall microgrid market would remain stable to some extent in terms of growth over the next five years. It is also assumed that the ease of installation and use, as well as the availability of funding to fund such projects, would be instrumental in driving the overall market for microgrids.