Key Insights
The Indian portable generator market is poised for significant expansion, projected to reach an estimated XX million by 2025, with a robust Compound Annual Growth Rate (CAGR) exceeding 4.40% through 2033. This upward trajectory is primarily propelled by the escalating demand from the industrial and commercial sectors, driven by the need for reliable backup power solutions amidst an increasingly power-deficit landscape and the growing emphasis on uninterrupted operations. The residential segment also contributes substantially, fueled by rising disposable incomes and a growing awareness of the convenience and security offered by portable generators, especially during power outages. Technological advancements, including the introduction of more fuel-efficient, quieter, and smart portable generators, are further stimulating market growth by offering enhanced user experience and addressing environmental concerns. The increasing adoption of advanced features such as remote monitoring and connectivity is also a key trend shaping the market.
The market is segmented by power rating, with generators below 5 kW dominating due to their affordability and suitability for household needs, while the 5-10 kW and above 10 kW segments cater to a wider range of commercial and industrial applications. Gas and diesel are the predominant fuel types, though a gradual shift towards "other fuel types," potentially encompassing cleaner energy alternatives or hybrid solutions, is anticipated in the long term, aligning with India's broader sustainability goals. Key players like Yamaha Motor, Kohler, Caterpillar, Honda India Power Products, and Mahindra & Mahindra are actively innovating and expanding their product portfolios to capture a larger market share, indicating intense competition and a dynamic market environment. Despite strong growth drivers, challenges such as the initial cost of advanced portable generators and the fluctuating prices of fuel could present some restraints, requiring strategic pricing and marketing approaches from manufacturers. The market's substantial growth is also supported by government initiatives promoting industrialization and infrastructure development, which indirectly boosts the demand for reliable power backup solutions across all end-user segments in India.
This comprehensive report provides an in-depth analysis of the India portable generator market, covering the period from 2019 to 2033, with a base year of 2025. We delve into market structure, competitive dynamics, industry trends, segment-wise dominance, product innovations, key drivers, challenges, and strategic outlooks. This report is essential for stakeholders seeking to understand the evolving landscape of portable power solutions in India, including insights into backup power generation, emergency power supply, and off-grid power solutions.
The Indian generator market is experiencing robust growth driven by increasing demand from various sectors. This analysis offers granular details on generator market size, market share, CAGR, and future projections, making it an indispensable resource for power generation companies, equipment manufacturers, distributors, and industry analysts.

India Portable Generator Market Market Structure & Competitive Dynamics
The India portable generator market is characterized by a moderately concentrated structure, with key players like Kohler Co Inc, Caterpillar Inc, and Honda India Power Products Ltd holding significant market share. Innovation ecosystems are dynamic, with companies continuously investing in R&D to enhance fuel efficiency, reduce emissions, and incorporate smart features. Regulatory frameworks, particularly concerning emissions and noise pollution, play a crucial role in shaping product development and market entry strategies. Product substitutes, such as inverters and battery storage systems, present competitive pressures, particularly in the residential segment. End-user trends are shifting towards more reliable and feature-rich solutions, especially in the industrial generator and commercial generator segments. Merger and acquisition (M&A) activities, while not as prevalent as in larger industrial markets, do occur, impacting market consolidation. For instance, strategic partnerships and acquisitions in the past have aimed at expanding distribution networks and technological capabilities. The overall market concentration is influenced by brand reputation, distribution reach, and the ability to offer a wide range of portable diesel generators and portable gas generators.
India Portable Generator Market Industry Trends & Insights
The India portable generator market is poised for significant expansion, driven by a confluence of factors that underscore the indispensable need for reliable and accessible power. The projected Compound Annual Growth Rate (CAGR) for the portable generator market in India is robust, reflecting sustained demand across all end-user segments. A primary growth driver is the increasing electrification across rural and semi-urban areas, coupled with the persistent issue of grid instability and power outages, especially in developing regions. This necessitates the adoption of backup power generators for uninterrupted operations in industrial applications, including manufacturing plants, construction sites, and critical infrastructure like hospitals and data centers. In the commercial sector, the demand for portable generators is fueled by the need to maintain business continuity during power disruptions, covering retail outlets, hospitality services, and small to medium-sized enterprises. The residential segment also contributes significantly, with a growing awareness of the convenience and security offered by home power generators during power cuts.
Technological disruptions are actively reshaping the market. Manufacturers are prioritizing the development of more fuel-efficient engines, leading to lower operating costs and reduced environmental impact. The integration of advanced features such as digital controls, remote monitoring capabilities, and IoT connectivity is becoming standard, enabling users to manage and diagnose their generators more effectively. This shift towards 'smart' generators enhances user experience and operational efficiency. Consumer preferences are increasingly leaning towards quieter, more portable, and environmentally friendlier options. The growing environmental consciousness among consumers and regulatory pressures are pushing the development of eco-friendly generators and alternatives to traditional diesel-powered units. The competitive dynamics within the Indian portable generator market are intense, with both established global players and prominent domestic manufacturers vying for market share. Strategic pricing, product differentiation, and robust after-sales service networks are key determinants of success. The market penetration of advanced portable power solutions is expected to rise as affordability improves and technological awareness increases.

Dominant Markets & Segments in India Portable Generator Market
The India portable generator market exhibits distinct dominance across various segments, driven by a combination of economic policies, infrastructure development, and evolving end-user needs.
Power Rating Dominance
- Below 5 kW: This segment holds a significant share due to its widespread adoption in the residential sector for powering essential appliances during outages. The increasing disposable income and urbanization in Tier 2 and Tier 3 cities contribute to its dominance. Economic policies promoting rural electrification also indirectly support this segment by increasing the overall need for backup power.
- 5-10 kW: This category is crucial for small businesses and light industrial applications, offering a balance between portability and power output. The growth of the MSME sector in India, particularly in manufacturing and services, is a key driver for the expansion of this segment. Infrastructure development projects, which often require localized power solutions, also contribute to its strength.
- Above 10 kW: While less common in the portable category due to size and weight, this segment is vital for larger industrial operations and specialized commercial needs where higher power is required on-site. The expansion of large-scale manufacturing facilities and critical infrastructure projects in India fuels the demand for these higher-capacity units.
Fuel Type Dominance
- Diesel: Historically, portable diesel generators have dominated the Indian market due to their robustness, reliability, and the relatively lower cost of diesel fuel, especially for industrial and commercial applications where continuous power is critical. The established infrastructure for diesel supply also contributes to its widespread use.
- Gas: The adoption of portable gas generators (LPG/CNG) is on an upward trajectory, driven by environmental concerns and a desire for cleaner fuel options. Government initiatives promoting the use of natural gas and the increasing availability of LPG cylinders for domestic and commercial use are accelerating this trend. These generators offer lower emissions and often quieter operation compared to diesel counterparts.
- Other Fuel Types: This category includes hybrid solutions and those powered by petrol. While not as dominant as diesel or gas, petrol generators are popular in the residential segment for their affordability and ease of use for intermittent power needs.
End-user Dominance
- Industrial: This segment is a major driver of the India portable generator market. Industries require reliable and powerful backup solutions to prevent production losses during power outages. Critical industries such as pharmaceuticals, textiles, and automotive manufacturing rely heavily on these generators. Infrastructure projects, including road construction, mining, and remote site operations, also contribute significantly to this segment's demand.
- Commercial: The commercial sector, encompassing retail, hospitality, healthcare, and telecommunications, represents a substantial portion of the market. The need for uninterrupted service delivery, customer satisfaction, and data integrity makes commercial generators essential. The growth of organized retail and the expansion of the healthcare sector, particularly in remote areas, are key factors driving demand.
- Residential: The increasing frequency of power outages and a desire for enhanced comfort and security are boosting demand in the residential segment. As disposable incomes rise, more households are investing in portable generators to power essential appliances, ensuring continuity of daily life during blackouts. Smart home integration and the increasing adoption of power-hungry appliances also contribute to this segment's growth.
India Portable Generator Market Product Innovations
- Diesel: Historically, portable diesel generators have dominated the Indian market due to their robustness, reliability, and the relatively lower cost of diesel fuel, especially for industrial and commercial applications where continuous power is critical. The established infrastructure for diesel supply also contributes to its widespread use.
- Gas: The adoption of portable gas generators (LPG/CNG) is on an upward trajectory, driven by environmental concerns and a desire for cleaner fuel options. Government initiatives promoting the use of natural gas and the increasing availability of LPG cylinders for domestic and commercial use are accelerating this trend. These generators offer lower emissions and often quieter operation compared to diesel counterparts.
- Other Fuel Types: This category includes hybrid solutions and those powered by petrol. While not as dominant as diesel or gas, petrol generators are popular in the residential segment for their affordability and ease of use for intermittent power needs.
End-user Dominance
- Industrial: This segment is a major driver of the India portable generator market. Industries require reliable and powerful backup solutions to prevent production losses during power outages. Critical industries such as pharmaceuticals, textiles, and automotive manufacturing rely heavily on these generators. Infrastructure projects, including road construction, mining, and remote site operations, also contribute significantly to this segment's demand.
- Commercial: The commercial sector, encompassing retail, hospitality, healthcare, and telecommunications, represents a substantial portion of the market. The need for uninterrupted service delivery, customer satisfaction, and data integrity makes commercial generators essential. The growth of organized retail and the expansion of the healthcare sector, particularly in remote areas, are key factors driving demand.
- Residential: The increasing frequency of power outages and a desire for enhanced comfort and security are boosting demand in the residential segment. As disposable incomes rise, more households are investing in portable generators to power essential appliances, ensuring continuity of daily life during blackouts. Smart home integration and the increasing adoption of power-hungry appliances also contribute to this segment's growth.
India Portable Generator Market Product Innovations
Product innovations in the India portable generator market are focused on enhancing efficiency, sustainability, and user convenience. Manufacturers are developing lightweight yet powerful units with advanced engine technologies for improved fuel economy. The integration of smart features, such as remote monitoring via mobile apps and self-diagnostic capabilities, offers users greater control and proactive maintenance. Furthermore, there's a growing emphasis on developing eco-friendly generators powered by cleaner fuels like LPG and CNG, or even hybrid models, to meet stringent environmental regulations and consumer demand for sustainable solutions. These innovations aim to provide competitive advantages by offering superior performance, reduced operating costs, and a better user experience for a diverse range of applications.
Report Segmentation & Scope
This report segments the India portable generator market by Power Rating, Fuel Type, and End-user. The Power Rating segments include Below 5 kW, 5-10 kW, and Above 10 kW, each catering to specific power needs. The Fuel Type segmentation covers Gas, Diesel, and Other Fuel Types, reflecting diverse fuel preferences and availability. The End-user segmentation analyzes demand from Industrial, Commercial, and Residential sectors. Each segment's market size, growth projections, and competitive dynamics are thoroughly examined, providing a granular understanding of the market landscape and future opportunities.
Key Drivers of India Portable Generator Market Growth
The India portable generator market is propelled by several key drivers. Firstly, the persistent unreliability of the conventional power grid, characterized by frequent outages and voltage fluctuations, necessitates robust backup solutions across all sectors. Secondly, rapid industrialization and infrastructure development are creating an ever-increasing demand for reliable power at construction sites, manufacturing facilities, and remote operational areas. Thirdly, the growth of the MSME sector, with its diverse power requirements, significantly contributes to market expansion. Lastly, a rising awareness among residential consumers about the convenience and security offered by portable generators during power cuts, coupled with increasing disposable incomes, is driving adoption in the home segment.
Challenges in the India Portable Generator Market Sector
Despite the robust growth, the India portable generator market faces several challenges. Stringent environmental regulations concerning emissions and noise pollution require manufacturers to invest heavily in cleaner technologies, potentially increasing production costs. Fluctuations in fuel prices, particularly for diesel, can impact operating costs for end-users, leading to demand shifts. Intense competition among domestic and international players can exert downward pressure on profit margins. Furthermore, the availability of alternative backup power solutions like inverters and battery storage systems, especially in the residential segment, presents a competitive restraint. Supply chain disruptions and the sourcing of critical components can also pose challenges to timely production and delivery.
Leading Players in the India Portable Generator Market Market
- Yamaha Motor Co Ltd
- Kohler Co Inc
- Caterpillar Inc
- Honda India Power Products Ltd
- Mahindra & Mahindra Limited
- Mitsubishi Heavy Industries Engine & Turbocharger Ltd
- Wartsila Corporation
- Yanmar Holdings Co Ltd
- Kirloskar Oil Engines Ltd
- Generac Holdings Inc
- Mitsubishi Heavy Industries Ltd
Key Developments in India Portable Generator Market Sector
- June 2022: Kirloskar Oil Engine Ltd (KOEL) launched a new variant of its fuel-efficient power generators, named iGreen Version 2.0, powered by the R550 series of engines with improved power and fuel efficiency. The generators are equipped with self-diagnostic and remote monitoring features that make the system capable of reporting any issue to the operating room.
Strategic India Portable Generator Market Market Outlook
The strategic outlook for the India portable generator market is highly optimistic, driven by ongoing trends of electrification, industrial expansion, and a persistent need for reliable backup power. The increasing focus on energy efficiency and environmental sustainability will drive innovation towards greener technologies and hybrid solutions, presenting lucrative opportunities for manufacturers. The government's push for Make in India will likely encourage greater domestic manufacturing and R&D, further strengthening the local market. Expansion into Tier 2 and Tier 3 cities, coupled with tailored product offerings for the growing MSME and residential segments, will be crucial for sustained growth. Strategic partnerships and an emphasis on robust after-sales service networks will solidify market presence and customer loyalty in this dynamic sector.
India Portable Generator Market Segmentation
-
1. Power Rating
- 1.1. Below 5 kW
- 1.2. 5-10 kW
- 1.3. Above 10 kW
-
2. Fuel Type
- 2.1. Gas
- 2.2. Diesel
- 2.3. Other Fuel Types
-
3. End-user
- 3.1. Industrial
- 3.2. Commerial
- 3.3. Residential
India Portable Generator Market Segmentation By Geography
- 1. India

India Portable Generator 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 > 4.40% 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.; Uninterrupted and Reliable Power Supply and Heavy Deployment of DG (diesel generator) Set4.; Improvement in Technology of Diesel Generator
- 3.3. Market Restrains
- 3.3.1. 4.; The Growing Trend of Renewable Power Generation
- 3.4. Market Trends
- 3.4.1. Industrial Sector Expected to Witness Significant Growth
- 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. India Portable Generator Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Power Rating
- 5.1.1. Below 5 kW
- 5.1.2. 5-10 kW
- 5.1.3. Above 10 kW
- 5.2. Market Analysis, Insights and Forecast - by Fuel Type
- 5.2.1. Gas
- 5.2.2. Diesel
- 5.2.3. Other Fuel Types
- 5.3. Market Analysis, Insights and Forecast - by End-user
- 5.3.1. Industrial
- 5.3.2. Commerial
- 5.3.3. Residential
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. India
- 5.1. Market Analysis, Insights and Forecast - by Power Rating
- 6. North India India Portable Generator Market Analysis, Insights and Forecast, 2019-2031
- 7. South India India Portable Generator Market Analysis, Insights and Forecast, 2019-2031
- 8. East India India Portable Generator Market Analysis, Insights and Forecast, 2019-2031
- 9. West India India Portable Generator Market Analysis, Insights and Forecast, 2019-2031
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2024
- 10.2. Company Profiles
- 10.2.1 Yamaha Motor Co Ltd
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Kohler Co Inc
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Caterpillar Inc
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Honda India Power Products Ltd
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Mahindra & Mahindra Limited
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Mitsubishi Heavy Industries Engine & Turbocharger Ltd
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 Wartsila Corporation
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Yanmar Holdings Co Ltd
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Kirloskar Oil Engines Ltd
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.10 Generac Holdings Inc
- 10.2.10.1. Overview
- 10.2.10.2. Products
- 10.2.10.3. SWOT Analysis
- 10.2.10.4. Recent Developments
- 10.2.10.5. Financials (Based on Availability)
- 10.2.11 Mitsubishi Heavy Industries Ltd
- 10.2.11.1. Overview
- 10.2.11.2. Products
- 10.2.11.3. SWOT Analysis
- 10.2.11.4. Recent Developments
- 10.2.11.5. Financials (Based on Availability)
- 10.2.1 Yamaha Motor Co Ltd
List of Figures
- Figure 1: India Portable Generator Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: India Portable Generator Market Share (%) by Company 2024
List of Tables
- Table 1: India Portable Generator Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: India Portable Generator Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 3: India Portable Generator Market Revenue Million Forecast, by Power Rating 2019 & 2032
- Table 4: India Portable Generator Market Volume K Unit Forecast, by Power Rating 2019 & 2032
- Table 5: India Portable Generator Market Revenue Million Forecast, by Fuel Type 2019 & 2032
- Table 6: India Portable Generator Market Volume K Unit Forecast, by Fuel Type 2019 & 2032
- Table 7: India Portable Generator Market Revenue Million Forecast, by End-user 2019 & 2032
- Table 8: India Portable Generator Market Volume K Unit Forecast, by End-user 2019 & 2032
- Table 9: India Portable Generator Market Revenue Million Forecast, by Region 2019 & 2032
- Table 10: India Portable Generator Market Volume K Unit Forecast, by Region 2019 & 2032
- Table 11: India Portable Generator Market Revenue Million Forecast, by Country 2019 & 2032
- Table 12: India Portable Generator Market Volume K Unit Forecast, by Country 2019 & 2032
- Table 13: North India India Portable Generator Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: North India India Portable Generator Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 15: South India India Portable Generator Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: South India India Portable Generator Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 17: East India India Portable Generator Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: East India India Portable Generator Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 19: West India India Portable Generator Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 20: West India India Portable Generator Market Volume (K Unit) Forecast, by Application 2019 & 2032
- Table 21: India Portable Generator Market Revenue Million Forecast, by Power Rating 2019 & 2032
- Table 22: India Portable Generator Market Volume K Unit Forecast, by Power Rating 2019 & 2032
- Table 23: India Portable Generator Market Revenue Million Forecast, by Fuel Type 2019 & 2032
- Table 24: India Portable Generator Market Volume K Unit Forecast, by Fuel Type 2019 & 2032
- Table 25: India Portable Generator Market Revenue Million Forecast, by End-user 2019 & 2032
- Table 26: India Portable Generator Market Volume K Unit Forecast, by End-user 2019 & 2032
- Table 27: India Portable Generator Market Revenue Million Forecast, by Country 2019 & 2032
- Table 28: India Portable Generator Market Volume K Unit Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the India Portable Generator Market?
The projected CAGR is approximately > 4.40%.
2. Which companies are prominent players in the India Portable Generator Market?
Key companies in the market include Yamaha Motor Co Ltd, Kohler Co Inc, Caterpillar Inc, Honda India Power Products Ltd, Mahindra & Mahindra Limited, Mitsubishi Heavy Industries Engine & Turbocharger Ltd, Wartsila Corporation, Yanmar Holdings Co Ltd, Kirloskar Oil Engines Ltd, Generac Holdings Inc, Mitsubishi Heavy Industries Ltd.
3. What are the main segments of the India Portable Generator Market?
The market segments include Power Rating, Fuel Type, End-user.
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.; Uninterrupted and Reliable Power Supply and Heavy Deployment of DG (diesel generator) Set4.; Improvement in Technology of Diesel Generator.
6. What are the notable trends driving market growth?
Industrial Sector Expected to Witness Significant Growth.
7. Are there any restraints impacting market growth?
4.; The Growing Trend of Renewable Power Generation.
8. Can you provide examples of recent developments in the market?
June 2022: Kirloskar Oil Engine Ltd (KOEL) launched a new variant of its fuel-efficient power generators, named iGreen Version 2.0, powered by the R550 series of engines with improved power and fuel efficiency. The generators are equipped with self-diagnostic and remote monitoring features that make the system capable of reporting any issue to the operating room.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 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 and volume, measured in K Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "India Portable Generator 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 India Portable Generator 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 India Portable Generator Market?
To stay informed about further developments, trends, and reports in the India Portable Generator 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