Research Methodology on Modular UPS Market
Market Research Future (MRFR) has conducted extensive research through secondary and primary research methods to assess the modular UPS market. A comprehensive overview of the market, as well as the global industry analysis, competitive intelligence, and market dynamics, is available in the report.
Secondary Research:
For the study, secondary research sources such as journals, business magazines, conference proceedings, and news articles were analyzed in the first stage. This initial research was used to devise the research objectives and identify the necessary data sources. Various databases such as Bloomberg, Factiva, and Market Research Future were used for the study. In-depth information about the product, services, business models, products available in the market, and company policies was collected through this approach.
Primary Research:
The primary research phase involved interviews with senior-level executives from various modular UPS suppliers. Relevant primary research was also conducted with experts and analysts working in the market. This research included executive interviews and panel discussions. The primary research conducted comprised interviews with industry experts and other stakeholders concerning information related to the modular UPS market, OEMs, and EIGs. Primary as well as secondary research was used to analyze the industry.
Analysis Tools:
The report analysed the global modular UPS market by using Porter's Five Forces Analysis. This research study also used the Commodity Chain Analysis (CCA) tool, which helped to gain insight into the competitive market environment. Moreover, a SWOT analysis was carried out to analyse each factor of the market and determine their effects on the development of the global modular UPS market.
Basic Assumptions:
At the start of the primary research phase, information related to the discussion was acquired from OEMs, EIGs, and various stakeholders in the market. The primary research was conducted based on a set of assumptions, which were derived from secondary research.
The report's conclusions were based on the assumption that the trends and developments which are expected to take place during the forecast period 2023 to 2030 will stay the same. Price trends and the raw data collected during the primary research were used to analyze the trends in the market. Some of the assumptions also included:
The introduction of new technologies in the industry.
The competitive milieu of the modular UPS market will remain the same in the coming years.
A stable political landscape will remain the same in the forecast period 2023 to 2030.
Lower energy costs will facilitate an increase in the demand for modular UPS systems.
The global economy will remain stable in the coming years.