Summary
The global and Chinese economies were hit hard in 2020, and the global GDP grew by XX% in 2021. Although the global growth prospects improved and there was a V-shaped rebound, this does not mean that the economy has really recovered to the level before the epidemic. The vast majority of countries are still in the stage of recovery after heavy damage and are far from achieving real recovery.
2023 is a year of continuous recovery. Global supply chain disturbance, geopolitical tension, energy price fluctuation, local labor shortage and rising raw material prices will affect the resilience of economic recovery. The International Monetary Fund (IMF) predicts that the world economy will grow by XX% in 2023, of which the U.S. economy will grow by about XX%. Driven by China and India, Asia is expected to become the fastest growing region in the world in 2023. However, China's economic growth has slowed down. The 2023 government work report shows that the expected target of economic growth is set at about XX%.
According to research, China has set a growth rate of about XX%, which not only focuses on the speed of economic growth, but also anchors the quality of economic development. Scientific and technological innovation, economic and social digitization and green development will be the long-term goals of China's economic development. It is expected that in 2023, major economies such as the United States, Europe and China will introduce more favorable policies to drive the development of switching power supply industry.
VIC Research released the 《Global Vanadium Redox Flow Battery (VRFB) Market Segment Research Report 2023》, which aims to sort out the development status and trends of the Vanadium Redox Flow Battery (VRFB) industry at home and abroad, estimate the overall market scale of the Vanadium Redox Flow Battery (VRFB) industry and the market share of major countries, Vanadium Redox Flow Battery (VRFB) industry, and study and judge the downstream market demand of Vanadium Redox Flow Battery (VRFB) through systematic research, Analyze the competition pattern of Vanadium Redox Flow Battery (VRFB), so as to help solve the pain points of various stakeholders in Vanadium Redox Flow Battery (VRFB) industry. This industry research report combines desktop research, qualitative interviews with insiders or experts and other methods to strive for the objectivity and integrity of conclusions and data.
Regional Segmentation (Value; Revenue, USD Million, 2019-2028) of Vanadium Redox Flow Battery (VRFB) Market by VIC Research Include
USA
Europe
China
Japan
India
Korea
Southeast Asia
Competitive Analysis; Who are the Major Players in Vanadium Redox Flow Battery (VRFB) Market?
Chemours (DuPont)
FuMa-Tech
Golden Energy Fuel Cell
Dalian Institute of Chemical Physics
Sumitomo Electric Industries
RedT
UniEnergy Technologies
Gildemeister
Vionxenergy
Big Pawer
Golden Energy Fuel Cell
H2, Inc.
Rongke Power
Major Type of Vanadium Redox Flow Battery (VRFB) Covered in VIC Research report:
Full-fluorinion Ion Exchange Membrane
Non-fluorinion Ion Exchange Membrane
Others
Application Segments Covered in VIC Research Market
Renewable Power Supply
Industrial Grid (Excluding Renewable Power) Adjustment and Management
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Vanadium Redox Flow Battery (VRFB) Market Segment Research Report 2023
1. Research Scope
2. Market Overview
2.1 Product Introduction, Application, Picture
2.2 Global Vanadium Redox Flow Battery (VRFB) Market by Value
2.2.1 Global Vanadium Redox Flow Battery (VRFB) Revenue by Type
2.2.2 Global Vanadium Redox Flow Battery (VRFB) Market by Value
2.3 Global Vanadium Redox Flow Battery (VRFB) Market by Sales
2.3.1 Global Vanadium Redox Flow Battery (VRFB) Sales by Type
2.3.2 Global Vanadium Redox Flow Battery (VRFB) Market by Sales
3. The Major Driver of Vanadium Redox Flow Battery (VRFB) Industry
3.1 Historical & Forecast Global Vanadium Redox Flow Battery (VRFB) Sales and Revenue (2019-2028)
3.2 Largest Application for Vanadium Redox Flow Battery (VRFB) (2019-2028)
3.3 The Major Downstream Company in China Market 2023
4. Global and Regional Vanadium Redox Flow Battery (VRFB) Market
4.1 Regional Market Size in Terms of Sales (2023 & 2028)
4.2 Regional Market Share in Terms of Revenue (2023 & 2028)
4.3 Concentration Ratio (CR5& CR10) of Vanadium Redox Flow Battery (VRFB) Market
4.4 Mergers & Acquisitions, Expansion Plans
5. US Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
5.1 Current and Estimated Sales Breakdown by Type (2019-2028)
5.2 Current and Estimated Sales Breakdown by Application (2019-2028)
5.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
5.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
6. Europe Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
6.1 Current and Estimated Sales Breakdown by Type (2019-2028)
6.2 Current and Estimated Sales Breakdown by Application (2019-2028)
6.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
6.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
7. China Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
7.1 Current and Estimated Sales Breakdown by Type (2019-2028)
7.2 Current and Estimated Sales Breakdown by Application (2019-2028)
7.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
7.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
8. Japan Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
8.1 Current and Estimated Sales Breakdown by Type (2019-2028)
8.2 Current and Estimated Sales Breakdown by Application (2019-2028)
8.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
8.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
9. India Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
9.1 Current and Estimated Sales Breakdown by Type (2019-2028)
9.2 Current and Estimated Sales Breakdown by Application (2019-2028)
9.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
9.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
10. Korea Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
10.1 Current and Estimated Sales Breakdown by Type (2019-2028)
10.2 Current and Estimated Sales Breakdown by Application (2019-2028)
10.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
10.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
11. Southeast Asia Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
11.1 Current and Estimated Sales Breakdown by Type (2019-2028)
11.2 Current and Estimated Sales Breakdown by Application (2019-2028)
11.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
11.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
12. South America Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
12.1 Current and Estimated Sales Breakdown by Type (2019-2028)
12.2 Current and Estimated Sales Breakdown by Application (2019-2028)
12.3 Current and Estimated Revenue Breakdown by Type (2019-2028)
12.4 Current and Estimated Revenue Breakdown by Application (2019-2028)
13. Global Vanadium Redox Flow Battery (VRFB) Average Price Trend
13.1 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in US (2019-2023)
13.2 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in Europe (2019-2023)
13.3 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in China (2019-2023)
13.4 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in Japan (2019-2023)
13.5 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in India (2019-2023)
13.6 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in Korea (2019-2023)
13.7 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in Southeast Asia (2019-2023)
13.8 Market Price for Each Type of Vanadium Redox Flow Battery (VRFB) in South America (2019-2023)
14. Industrial Chain (Impact of COVID-19)
14.1 Vanadium Redox Flow Battery (VRFB) Industrial Chain Analysis
14.2 Downstream
14.3 Impact of COVID-19
14.4 Post-pandemic Era
14.5 Technology Trends of Vanadium Redox Flow Battery (VRFB)
15. Vanadium Redox Flow Battery (VRFB) Competitive Landscape
15.1 Chemours (DuPont)
15.1.1 Chemours (DuPont) Company Profiles
15.1.2 Chemours (DuPont) Product Introduction
15.1.3 Chemours (DuPont) Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.1.4 Strategic initiatives
15.2 FuMa-Tech
15.2.1 FuMa-Tech Company Profiles
15.2.2 FuMa-Tech Product Introduction
15.2.3 FuMa-Tech Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.2.4 Strategic initiatives
15.3 Golden Energy Fuel Cell
15.3.1 Golden Energy Fuel Cell Company Profiles
15.3.2 Golden Energy Fuel Cell Product Introduction
15.3.3 Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.3.4 Strategic initiatives
15.4 Dalian Institute of Chemical Physics
15.4.1 Dalian Institute of Chemical Physics Company Profiles
15.4.2 Dalian Institute of Chemical Physics Product Introduction
15.4.3 Dalian Institute of Chemical Physics Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.4.4 Strategic initiatives
15.5 Sumitomo Electric Industries
15.5.1 Sumitomo Electric Industries Company Profiles
15.5.2 Sumitomo Electric Industries Product Introduction
15.5.3 Sumitomo Electric Industries Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.5.4 Strategic initiatives
15.6 RedT
15.6.1 RedT Company Profiles
15.6.2 RedT Product Introduction
15.6.3 RedT Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.6.4 Strategic initiatives
15.7 UniEnergy Technologies
15.7.1 UniEnergy Technologies Company Profiles
15.7.2 UniEnergy Technologies Product Introduction
15.7.3 UniEnergy Technologies Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.7.4 Strategic initiatives
15.8 Gildemeister
15.8.1 Gildemeister Company Profiles
15.8.2 Gildemeister Product Introduction
15.8.3 Gildemeister Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.8.4 Strategic initiatives
15.9 Vionxenergy
15.9.1 Vionxenergy Company Profiles
15.9.2 Vionxenergy Product Introduction
15.9.3 Vionxenergy Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.9.4 Strategic initiatives
15.10 Big Pawer
15.10.1 Big Pawer Company Profiles
15.10.2 Big Pawer Product Introduction
15.10.3 Big Pawer Vanadium Redox Flow Battery (VRFB) Sales, Revenue (2019-2023)
15.10.4 Strategic initiatives
15.11 Golden Energy Fuel Cell
15.12 H2, Inc.
15.13 Rongke Power
16. Conclusion
17. Methodology and Data Source
List of Tables and Figures
Figure 1. Total Sales by Application of Vanadium Redox Flow Battery (VRFB) Industry (Volume)
Figure 2. Vanadium Redox Flow Battery (VRFB) Sales by Regions in 2023
Figure 3. Regional Market Share in Terms of Revenue (2023&2028)
Figure 4. The Top 10 and 5 Players Market Share by Vanadium Redox Flow Battery (VRFB) Revenue in 2023
Figure 5. US Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
Figure 6. Sales Breakdown by Type (%)
Figure 7. Sales Breakdown by Type (%)
Figure 8. Sales Breakdown by Application (%)
Figure 9. Revenue Breakdown by Type (%)
Figure 10. Revenue Breakdown by Application (%)
Figure 11. Europe Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
Figure 12. Sales Breakdown by Type (%)
Figure 13. Sales Breakdown by Type (%)
Figure 14. Sales Breakdown by Application (%)
Figure 15. Revenue Breakdown by Type (%)
Figure 16. Revenue Breakdown by Application (%)
Figure 17. China Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
Figure 18. Sales Breakdown by Type (%)
Figure 19. Sales Breakdown by Type (%)
Figure 20. Sales Breakdown by Application (%)
Figure 21. Current and Estimated Revenue Breakdown by Type
Figure 22. Revenue Breakdown by Type (%)
Figure 23. Revenue Breakdown by Application (%)
Figure 24. Japan Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
Figure 25. Sales Breakdown by Type (%)
Figure 26. Sales Breakdown by Type (%)
Figure 27. Sales Breakdown by Application (%)
Figure 28. Revenue Breakdown by Type (%)
Figure 29. Revenue Breakdown by Application (%)
Figure 30. India Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
Figure 31. Sales Breakdown by Type (%)
Figure 32. Sales Breakdown by Type (%)
Figure 33. Sales Breakdown by Application (%)
Figure 34. Revenue Breakdown by Type (%)
Figure 35. Revenue Breakdown by Application (%)
Figure 36. Korea Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
Figure 37. Sales Breakdown by Type (%)
Figure 38. Sales Breakdown by Type (%)
Figure 39. Sales Breakdown by Application (%)
Figure 40. Revenue Breakdown by Type (%)
Figure 41. Revenue Breakdown by Application (%)
Figure 42. Southeast Asia Vanadium Redox Flow Battery (VRFB) Sales (2019-2028)
Figure 43. Current and Estimated Sales Breakdown by Type (2019-2028)
Figure 44. Sales Breakdown by Type (%)
Figure 45. Sales Breakdown by Type (%)
Figure 46. Revenue Breakdown by Type (%)
Figure 47. Revenue Breakdown by Application (%)
Figure 48. Industrial Chain
Table 1. Top Manufacturers and Market Segmentation
Table 2. Product Introduction, Application, Picture
Table 3. Vanadium Redox Flow Battery (VRFB) Revenue, by Type (Million USD) (2019-2028)
Table 4. Vanadium Redox Flow Battery (VRFB) Sales, by Type (K Unit) (2019-2028)
Table 5. Vanadium Redox Flow Battery (VRFB) Sales (K Unit) by Application (2019-2028)
Table 6. Vanadium Redox Flow Battery (VRFB) Sales (Million USD) by Application (2019-2028)
Table 7. The Major Downstream Company in China
Table 8. Regional Market Share in Terms of Sales (2023)
Table 9. Regional Market Share in Terms of Revenue (2023&2028)
Table 10. Ranking of Global Top Vanadium Redox Flow Battery (VRFB) Companies by Revenue, Concentration Ratio in 2023
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. US Vanadium Redox Flow Battery (VRFB) Sales (K Unit), Market Revenue (Million USD) (2019-2028)
Table 13. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 14. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 15. Current and Estimated Sales Breakdown by Application (2019-2028)
Table 16. Current and Estimated Revenue Breakdown by Type
Table 17. Current and Estimated Revenue Breakdown by Application
Table 18. Europe Vanadium Redox Flow Battery (VRFB) Sales (K Unit), Market Revenue (Million USD) (2019-2028)
Table 19. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 20. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 21. Current and Estimated Sales Breakdown by Application (2019-2028)
Table 22. Current and Estimated Revenue Breakdown by Type
Table 23. Current and Estimated Revenue Breakdown by Application
Table 24. China Vanadium Redox Flow Battery (VRFB) Sales (K Unit), Market Revenue (Million USD) (2019-2028)
Table 25. Table Current and Estimated Sales Breakdown by Type
Table 26. Current and Estimated Sales Breakdown by Type
Table 27. Current and Estimated Sales Breakdown by Application
Table 28. Current and Estimated Revenue Breakdown by Application
Table 29. Japan Vanadium Redox Flow Battery (VRFB) Sales (K Unit), Market Revenue (Million USD) (2019-2028)
Table 30. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 31. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 32. Current and Estimated Sales Breakdown by Application (2019-2028)
Table 33. Current and Estimated Revenue Breakdown by Type
Table 34. Current and Estimated Revenue Breakdown by Application
Table 35. India Vanadium Redox Flow Battery (VRFB) Sales (K Unit), Market Revenue (Million USD) (2019-2028)
Table 36. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 37. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 38. Current and Estimated Sales Breakdown by Application (2019-2028)
Table 39. Current and Estimated Revenue Breakdown by Type
Table 40. Current and Estimated Revenue Breakdown by Application
Table 41. Korea Vanadium Redox Flow Battery (VRFB) Sales (K Unit), Market Revenue (Million USD) (2019-2028)
Table 42. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 43. Current and Estimated Sales Breakdown by Type (2019-2028)
Table 44. Current and Estimated Sales Breakdown by Application (2019-2028)
Table 45. Current and Estimated Revenue Breakdown by Type
Table 46. Current and Estimated Revenue Breakdown by Application
Table 47. Southeast Asia Vanadium Redox Flow Battery (VRFB) Sales (K Unit), Market Revenue (Million USD) (2019-2028)
Table 48. Table Current and Estimated Sales Breakdown by Type (2019-2028)
Table 49. Current and Estimated Sales Breakdown by Application (2019-2028)
Table 50. Current and Estimated Revenue Breakdown by Type
Table 51. Current and Estimated Revenue Breakdown by Application
Table 52. Market Price (USD/Unit) for Each Type of Vanadium Redox Flow Battery (VRFB) in US (2019-2023)
Table 53. Market Price (USD/Unit) for Each Type of Vanadium Redox Flow Battery (VRFB) in Europe (2019-2023)
Table 54. Market Price (USD/Unit) for Each Type of Vanadium Redox Flow Battery (VRFB) in China (2019-2023)
Table 55. Market Price (USD/Unit) for Each Type of Vanadium Redox Flow Battery (VRFB) in Japan (2019-2023)
Table 56. Market Price (USD/Unit) for Each Type of Vanadium Redox Flow Battery (VRFB) in India (2019-2023)
Table 57. Market Price (USD/Unit) for Each Type of Vanadium Redox Flow Battery (VRFB) in Korea (2019-2023)
Table 58. Market Price (USD/Unit) for Each Type of Vanadium Redox Flow Battery (VRFB) in Southeast Asia (2019-2023)
Table 59. Key Downstream Customer in Each Application Field
Table 60. Chemours (DuPont) Profiles
Table 61. Chemours (DuPont) Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 62. Chemours (DuPont) Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 63. Chemours (DuPont) Strategic initiatives
Table 64. FuMa-Tech Profiles
Table 65. FuMa-Tech Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 66. FuMa-Tech Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 67. FuMa-Tech Strategic initiatives
Table 68. Golden Energy Fuel Cell Profiles
Table 69. Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 70. Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 71. Golden Energy Fuel Cell Strategic initiatives
Table 72. Dalian Institute of Chemical Physics Profiles
Table 73. Dalian Institute of Chemical Physics Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 74. Dalian Institute of Chemical Physics Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 75. Dalian Institute of Chemical Physics Strategic initiatives
Table 76. Sumitomo Electric Industries Profiles
Table 77. Sumitomo Electric Industries Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 78. Sumitomo Electric Industries Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 79. Sumitomo Electric Industries Strategic initiatives
Table 80. RedT Profiles
Table 81. RedT Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 82. RedT Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 83. RedT Strategic initiatives
Table 84. UniEnergy Technologies Profiles
Table 85. UniEnergy Technologies Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 86. UniEnergy Technologies Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 87. UniEnergy Technologies Strategic initiatives
Table 88. Gildemeister Profiles
Table 89. Gildemeister Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 90. Gildemeister Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 91. Gildemeister Strategic initiatives
Table 92. Vionxenergy Profiles
Table 93. Vionxenergy Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 94. Vionxenergy Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 95. Vionxenergy Strategic initiatives
Table 97. Big Pawer Profiles
Table 98. Big Pawer Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 99. Big Pawer Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 100. Big Pawer Strategic initiatives
Table 101. Golden Energy Fuel Cell Profiles
Table 102. Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 103. Golden Energy Fuel Cell Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 104. Golden Energy Fuel Cell Strategic initiatives
Table 105. H2, Inc. Profiles
Table 106. H2, Inc. Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 107. H2, Inc. Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 108. H2, Inc. Strategic initiatives
Table 109. Rongke Power Profiles
Table 110. Rongke Power Vanadium Redox Flow Battery (VRFB) Product Introduction
Table 111. Rongke Power Vanadium Redox Flow Battery (VRFB) Sales (Unit), Revenue (Million USD) (2019-2023)
Table 112. Rongke Power Strategic initiatives
The research methodology employed by VICResearch has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of VICResearch. VICResearch’s methodology can be divided into five stages:
Stage 1: Secondary research
The research team first works with magazines, industry trade group, and administration that operate in the research field. The information provided by our in-house documentation service helps us carrying out further research. Our team which has the experience as well as the knowledge efficiently extracts the accurate information from existing source.
Stage 2: Primary research: interviews with trade sources
After the first stage, the research team conducts large number of face-to-face or telephone interviews with the representative companies operating in the research field. The analysts attempt to obtain a chance to talk with leading players in the field as well as with small companies. The upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers are all included in the interviews. The data gathered during the interview is then carefully checked and compared with the secondary research.
Stage 3: Analysis of the gathered data
The analysis team checks and synthesizes the data gathered during the first two stages. To validate the data, a second series of interviews can be conducted.
Stage 4: Quantitative data
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by VICResearch. The data is based on the estimates obtained during stage 3.
The research team also provides appreciation and analysis of the market and the quantitative data contained in the reports. The data is consequently unique to VICResearch.
Stage 5: Quality control
Before publishing, every report goes under a rigorous checking and editing process, which is done by experience management team to ensure the reliability of the published data. Each analyst in the research team receives support and on-going training which is part of the VICResearch’s internal quality process.
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