Microbial Enhanced Oil Recovery Market

Microbial Enhanced Oil Recovery Market Size & Overview – Key Insights & Forecast

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-14438
  • Published Date: Jun, 2024
  • Pages: 239
  • Category: Energy & Power
  • Format: PDF
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Segment Analysis

Regional segmentation analysis

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most prominent global Microbial Enhanced Oil Recovery market, with a 42.69% market revenue share in 2023.

North America has been a key driving force in adopting technological change in MEOR activity in the oil and gas industry. Several research institutions, technology vendors and direct oil companies are funding MEOR research and development in the region to enhance innovation and practical application of MEOR solutions. Moreover, it must be noted that North America has significant oil resources, with many unconventional resources, including shale oil and tight oil formation. The given reservoirs are quite demanding in terms of recovery, so MEOR techniques have been used more frequently, dominating the market in the region. Thirdly, the North American region has a rather favourable regulatory system for the exploration of innovation and advancements of technology in the context of oil and gas. Government and tax policies also support the growth and adoption of MEOR as an innovative oil recovery technology vital for market growth. Furthermore, partnerships between operators and original equipment manufacturers (OEMs), academic institutions, and governmental organizations operating in the oil industry are also frequently evident in North America. Outsourcing and knowledge management practices of MEOR solutions advance the velocity of solutions’ development, commercialization, and deployment, thus helping augment the region’s market dominance.

North America Region Microbial Enhanced Oil Recovery Market Share in 2023- 42.69%

 

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Type Segment Analysis

The type segment is divided into ground method and reservoir method. The reservoir method segment dominated the market, with a share of around 64.38% in 2023. Direct injection of microbes involves releasing the microbes directly into the reservoir to improve oil recovery through the following methods, which has positively impacted oil production in many geological formations. Several opportunities for MEOR effectiveness have been discovered to provide extensive field trials or case studies and boost oil recovery rates, contributing to MEOR’s common use and market monopoly. Moreover, there is the possibility of applying the reservoir method to various reservoir types, from sandstone to carbonate and shale formations. Being versatile when it comes to the type of formation it is designed for is one of the reasons which has led to the domination of this type of EOR technique among operators, as it can be applied in any geology to increase the amount of oil that can be produced. However, the other method, the reservoir method, also has the potential to hold great longevity for enhancing oil recovery, thereby creating sustainable microbial populations within the reservoir. Once these microbial populations are set up, they can maintain the capability of metabolizing released oil and improving further recovery over relatively long periods, making the Reservoir Method a shoo-in for operators looking for long-term gains.

Application Segment Analysis

The application segment is classified into onshore oilfield and offshore oilfield. The onshore oilfield segment dominated the market, with a share of around 65.27% in 2023. Offshore fields constitute a large portion of the total world reserves of natural resources; specifically, onshore oil fields are considered equally significant. These reservoirs are normally associated with conventional and non-conventional structural formations suitable for MEOR development. The strong focus on abundant onshore reserves means a large market for technologies linked to MEOR underpins this segment. Also, onshore fields are comparatively easier to access and have better motor facilities than offshore fields. It also helps reduce the proceduralities involved in planning and implementing MEOR projects such as microbial injection and other monitoring operations. There are existing pipelines, roads, and support facilities in the countries contributing to the installation and operation of MEOR technologies and, hence, the dominance of the MEOR market. Moreover, it is a fact that onshore oil production is generally carried out at cheaper costs than operating in offshore structures. MEOR techniques designed to increase oil recovery and thus reduce costs can be of special interest to onshore field operators in maximizing their ROIs. This aspect makes it a priority for MEOR application since the favourable economics of onshore operations keep making them major market destinations.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Recovery Technique/Sustainability
          5.2.2. MEOR Opportunity for Enhanced Oil Recovery (EOR)
    5.3. Restraints
          5.3.1. Technical Aspects
    5.4. Opportunities
          5.4.1. Ongoing Biotechnology Advancements
    5.5. Challenges
          5.5.1. Risk and Inapplicable Knowledge

6. Global Microbial Enhanced Oil Recovery Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Ground Method
    6.3. Reservoir Method

7. Global Microbial Enhanced Oil Recovery Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Onshore Oilfield
    7.3. Offshore Oilfield

8. Global Microbial Enhanced Oil Recovery Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa

9. Global Microbial Enhanced Oil Recovery Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Microbial Enhanced Oil Recovery Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions

10. Company Profiles
    10.1. BP
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Baker Hughes
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. ConocoPhillips
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. CNPC
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Cenovus Energy
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Chemiphase Ltd.
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Equinor ASA
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. Gazprom Neft
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9. Halliburton
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10. Lukoil
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11. Micro-Bac International Inc.
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.11.6. SWOT Analysis
    10.12. National Energy Services Reunited Corp.
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. OMV Group
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. PetroChina
          10.14.1. Business Overview
          10.14.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. Royal Dutch Shell
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Product Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis
    10.16. RAM Biochemical Inc.
          10.16.1. Business Overview
          10.16.2. Company Snapshot
          10.16.3. Company Market Share Analysis
          10.16.4. Company Product Portfolio
          10.16.5. Recent Developments
          10.16.6. SWOT Analysis
    10.17. Schlumberger
          10.17.1. Business Overview
          10.17.2. Company Snapshot
          10.17.3. Company Market Share Analysis
          10.17.4. Company Product Portfolio
          10.17.5. Recent Developments
          10.17.6. SWOT Analysis
    10.18. Statoil
          10.18.1. Business Overview
          10.18.2. Company Snapshot
          10.18.3. Company Market Share Analysis
          10.18.4. Company Product Portfolio
          10.18.5. Recent Developments
          10.18.6. SWOT Analysis
    10.19. Total S.A.
          10.19.1. Business Overview
          10.19.2. Company Snapshot
          10.19.3. Company Market Share Analysis
          10.19.4. Company Product Portfolio
          10.19.5. Recent Developments
          10.19.6. SWOT Analysis
    10.20. Rogers
          10.20.1. Business Overview
          10.20.2. Company Snapshot
          10.20.3. Company Market Share Analysis
          10.20.4. Company Product Portfolio
          10.20.5. Recent Developments
          10.20.6. SWOT Analysis
    10.21. Titan Oil Recovery Inc.
          10.21.1. Business Overview
          10.21.2. Company Snapshot
          10.21.3. Company Market Share Analysis
          10.21.4. Company Product Portfolio
          10.21.5. Recent Developments
          10.21.6. SWOT Analysis
    10.22. Weatherford International
          10.22.1. Business Overview
          10.22.2. Company Snapshot
          10.22.3. Company Market Share Analysis
          10.22.4. Company Product Portfolio
          10.22.5. Recent Developments
          10.22.6. SWOT Analysis
 

List of Table

1. Global Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

2. Global Ground Method, Microbial Enhanced Oil Recovery Market, By Region, 2020-2033 (USD Billion) 

3. Global Reservoir Method, Microbial Enhanced Oil Recovery Market, By Region, 2020-2033 (USD Billion) 

4. Global Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

5. Global Onshore Oilfield, Microbial Enhanced Oil Recovery Market, By Region, 2020-2033 (USD Billion) 

6. Global Offshore Oilfield, Microbial Enhanced Oil Recovery Market, By Region, 2020-2033 (USD Billion) 

7. Global Microbial Enhanced Oil Recovery Market, By Region, 2020-2033 (USD Billion) 

8. North America Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

9. North America Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

10. U.S. Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

11. U.S. Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

12. Canada Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

13. Canada Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

14. Mexico Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

15. Mexico Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

16. Europe Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

17. Europe Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

18. Germany Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

19. Germany Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

20. France Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

21. France Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

22. U.K. Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

23. U.K. Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

24. Italy Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

25. Italy Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

26. Spain Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

27. Spain Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

28. Asia Pacific Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

29. Asia Pacific Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

30. Japan Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

31. Japan Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

32. China Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

33. China Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

34. India Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

35. India Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

36. South America Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

37. South America Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

38. Brazil Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

39. Brazil Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

40. Middle East and Africa Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

41. Middle East and Africa Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

42. UAE Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

43. UAE Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

44. South Africa Microbial Enhanced Oil Recovery Market, By Type, 2020-2033 (USD Billion) 

45. South Africa Microbial Enhanced Oil Recovery Market, By Application, 2020-2033 (USD Billion) 

List of Figures 

1. Global Microbial Enhanced Oil Recovery Market Segmentation

2. Microbial Enhanced Oil Recovery Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Microbial Enhanced Oil Recovery Market Attractiveness Analysis By Type

9. Global Microbial Enhanced Oil Recovery Market Attractiveness Analysis By Application

10. Global Microbial Enhanced Oil Recovery Market Attractiveness Analysis By Region

11. Global Microbial Enhanced Oil Recovery Market: Dynamics

12. Global Microbial Enhanced Oil Recovery Market Share By Type (2024 & 2033)

13. Global Microbial Enhanced Oil Recovery Market Share By Application (2024 & 2033)

14. Global Microbial Enhanced Oil Recovery Market Share By Regions (2024 & 2033)

15. Global Microbial Enhanced Oil Recovery Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Microbial Enhanced Oil Recovery market based on below-mentioned segments:

Global Microbial Enhanced Oil Recovery Market by Type:

  • Ground Method              
  • Reservoir Method              

Global Microbial Enhanced Oil Recovery Market by Application:

  • Onshore Oilfield         
  • Offshore Oilfield         

Global Microbial Enhanced Oil Recovery Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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