Key Insights
The Southeast Asia Oil and Gas Engineering, Procurement, and Construction (EPC) industry is experiencing moderate growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 2.56% from 2025 to 2033. This growth is fueled by increasing energy demand across the region, driven by economic expansion and rising populations in countries like Indonesia, Vietnam, and the Philippines. Significant investments in new oil and gas infrastructure projects, including pipelines, refineries, and offshore platforms, are further contributing to market expansion. However, the industry faces challenges such as fluctuating oil prices, stringent environmental regulations promoting renewable energy sources, and geopolitical uncertainties that can impact investment decisions. The upstream sector, encompassing exploration and production activities, is likely to witness substantial investment as Southeast Asian nations strive for energy security. The midstream sector, involving transportation and storage, is expected to see steady growth, aligning with the need for efficient and safe handling of oil and gas resources. The downstream sector, focusing on refining and petrochemical processing, is projected to experience moderate expansion, driven by demand for refined products and petrochemicals in the region's rapidly developing economies. Key players, such as Bechtel Corporation, Samsung Engineering, and Sinopec Engineering, along with several prominent Indonesian EPC firms, are actively participating in the market, competing for project opportunities and driving innovation. The Asia-Pacific region, particularly Southeast Asia, is the focus of significant investment and growth, which will be shaped by government policies promoting energy diversification and sustainable practices.
The competitive landscape is characterized by both international and local EPC companies, creating a dynamic environment. International firms bring advanced technologies and expertise, while local companies offer regional knowledge and cost advantages. This competition is driving innovation and efficiency improvements across the entire value chain. However, the need for skilled labor and the potential impact of climate change policies remain critical considerations for long-term growth within the Southeast Asian Oil and Gas EPC sector. Successful companies will need to adapt to evolving regulatory frameworks, embrace sustainable practices, and effectively manage risks related to price volatility and geopolitical instability. A focus on optimizing project execution, cost control, and technological advancements will be essential to securing a leading position in this competitive and ever-evolving market.

Southeast Asia Oil & Gas EPC Industry: A Comprehensive Market Report (2019-2033)
This dynamic report provides a comprehensive analysis of the Southeast Asia Oil & Gas Engineering, Procurement, and Construction (EPC) industry, offering invaluable insights for investors, industry professionals, and strategic decision-makers. Covering the period from 2019 to 2033, with a focus on 2025, this report delves into market structure, competitive dynamics, key trends, and future growth potential. The study period encompasses historical data (2019-2024), the base year (2025), and a detailed forecast (2025-2033). Expect detailed analysis across Upstream, Midstream, and Downstream sectors, with a specific focus on dominant players and emerging opportunities within the multi-billion dollar Southeast Asian market.
Southeast Asia Oil & Gas EPC Industry Market Structure & Competitive Landscape
The Southeast Asian Oil & Gas EPC market exhibits a moderately concentrated structure, with a Herfindahl-Hirschman Index (HHI) estimated at xx in 2025. Key players such as Bechtel Corporation, Samsung Engineering Co Ltd, PT Indika Energy Tbk, and Sinopec Engineering (Group) Co Ltd hold significant market share, but the landscape is dynamic with ongoing mergers and acquisitions (M&A) activity. The total M&A volume in the sector between 2019 and 2024 reached approximately USD xx Million.
- Market Concentration: The top 5 players account for approximately xx% of the market share.
- Innovation Drivers: Technological advancements in subsea engineering, digitalization, and sustainable solutions are driving innovation.
- Regulatory Impacts: Government policies focusing on energy security and environmental sustainability significantly influence market dynamics.
- Product Substitutes: The emergence of renewable energy sources presents a degree of substitution, but the demand for oil and gas remains strong in the region.
- End-User Segmentation: Major end-users include national oil companies (NOCs), international oil companies (IOCs), and independent power producers (IPPs).
- M&A Trends: Consolidation is a prominent trend, with larger EPC firms acquiring smaller companies to expand their geographical reach and service capabilities.
The market is characterized by intense competition, forcing companies to focus on operational efficiency, cost optimization, and the delivery of innovative solutions to maintain a competitive edge.
Southeast Asia Oil & Gas EPC Industry Market Trends & Opportunities
The Southeast Asia Oil & Gas EPC market is projected to experience significant growth, with a Compound Annual Growth Rate (CAGR) of xx% from 2025 to 2033. This growth is driven by several factors, including rising energy demand fueled by rapid economic expansion and population growth. The market size is estimated to reach USD xx Million by 2033. Technological shifts toward digitalization and automation are improving efficiency and reducing operational costs. Furthermore, increasing focus on environmental, social, and governance (ESG) factors is influencing procurement and project execution strategies. The growing adoption of sustainable technologies and the increasing implementation of stringent emission regulations presents both opportunities and challenges for industry players. Market penetration of advanced technologies like subsea engineering is expected to rise significantly during the forecast period. Competitive dynamics are marked by intense rivalry amongst international and regional players, leading to price competition and a push for differentiation through specialized services and technological innovation.

Dominant Markets & Segments in Southeast Asia Oil & Gas EPC Industry
The Upstream sector currently dominates the Southeast Asia Oil & Gas EPC market, driven by significant investments in exploration and production activities, particularly in Indonesia and Malaysia. However, the Downstream sector is poised for strong growth, fueled by expansion in refining and petrochemical capacities to meet increasing demand. Within the Upstream segment, deepwater projects are a major driver of EPC investments.
Key Growth Drivers:
- Upstream: Large-scale offshore projects, exploration in frontier areas, and increasing oil and gas production.
- Midstream: Expansion of pipelines, storage facilities, and LNG terminals to support the transportation of hydrocarbons.
- Downstream: Significant investments in refinery upgrades, petrochemical plants, and other downstream facilities.
Market Dominance:
Indonesia is currently the leading market, accounting for approximately xx% of the total market value in 2025. This is driven by its vast hydrocarbon reserves and ongoing investments in new projects. However, countries like Vietnam, Malaysia, and Thailand are experiencing substantial growth and are expected to become increasingly important markets over the forecast period. The development of new energy sources is significantly changing the industry landscape.
Southeast Asia Oil & Gas EPC Industry Product Analysis
Technological advancements in areas such as subsea engineering, modular construction, and digital twin technology are driving innovation in the product offerings of EPC firms. These advancements enhance project efficiency, reduce construction time, and improve safety and cost-effectiveness. The adoption of digital technologies is becoming crucial in optimizing project management and ensuring data-driven decision-making. Companies offering integrated solutions combining engineering, procurement, construction, and operation & maintenance are gaining a competitive edge.
Key Drivers, Barriers & Challenges in Southeast Asia Oil & Gas EPC Industry
Key Drivers:
- Rising Energy Demand: Driven by rapid economic growth and population increase in Southeast Asia.
- Government Initiatives: Policies promoting energy security and infrastructure development.
- Technological Advancements: Improving efficiency and reducing operational costs in oil and gas projects.
Key Challenges:
- Geopolitical Instability: Regional political tensions can affect project timelines and investment decisions.
- Supply Chain Disruptions: Global supply chain issues can lead to project delays and cost overruns.
- Regulatory Complexity: Navigating diverse and evolving regulations across different countries in Southeast Asia.
- Skill Gaps: Shortage of skilled labor in certain areas, impacting project execution. The lack of skilled workers is estimated to cause delays of approximately xx% in some projects.
Growth Drivers in the Southeast Asia Oil and Gas EPC Industry Market
The primary growth drivers include rising energy demand from a rapidly growing population, increasing government investments in infrastructure development, and technological advancements in upstream, midstream and downstream sectors. The growing adoption of digital technologies and sustainability initiatives are also crucial factors.
Challenges Impacting Southeast Asia Oil & Gas EPC Industry Growth
Significant challenges include geopolitical instability, fluctuating oil prices, and potential supply chain disruptions. Regulatory complexity, skill gaps, and environmental concerns also pose challenges to the industry's growth.
Key Players Shaping the Southeast Asia Oil & Gas EPC Industry Market
- Bechtel Corporation
- Samsung Engineering Co Ltd
- PT Indika Energy Tbk
- P T Krakatau Engineering
- Sinopec Engineering (Group) Co Ltd
- PT Barata Indonesia (Persero)
- PT Meindo Elang Indah
- Petrofac Limited
- PT Rekayasa Industri
- Saipem SpA
- Fluor Corporation
- John Wood Group PLC
- PT JGC Indonesia
- TechnipFMC PLC
Significant Southeast Asia Oil & Gas EPC Industry Milestones
- August 2021: Hyundai Engineering Co. secured a USD 256 Million order to revamp IRPC Pcl's refinery in Rayong, Thailand, boosting the market for refinery upgrades.
- 2020: The Indonesia Deepwater Development project, involving Chevron, Pertamina, Eni Indonesia, and Sinopec, commenced, showcasing the scale of deepwater projects and associated EPC opportunities. This project highlights the significant investment in subsea infrastructure development.
Future Outlook for Southeast Asia Oil & Gas EPC Industry Market
The Southeast Asia Oil & Gas EPC market is poised for continued growth, driven by increasing energy demand and ongoing investments in energy infrastructure. Strategic partnerships, technological innovation, and a focus on sustainability will be crucial for success in this dynamic and competitive market. Opportunities exist for companies that can adapt to the evolving regulatory landscape and meet the growing demand for efficient and sustainable solutions.
Southeast Asia Oil and Gas EPC Industry Segmentation
-
1. Sector
- 1.1. Upstream
- 1.2. Midstream
- 1.3. Downstream
-
2. Geography
- 2.1. Indonesia
- 2.2. Malaysia
- 2.3. Thailand
- 2.4. Rest of Southeast Asia
Southeast Asia Oil and Gas EPC Industry Segmentation By Geography
- 1. Indonesia
- 2. Malaysia
- 3. Thailand
- 4. Rest of Southeast Asia

Southeast Asia Oil and Gas EPC Industry 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 2.56% 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.; The High Amount of Waste Generation in the Country4.; The growing Focus on Non-Fossil Fuel Sources
- 3.3. Market Restrains
- 3.3.1. 4.; The Recycling Rate of Waste in Germany
- 3.4. Market Trends
- 3.4.1. The Downstream Sector to Dominate the Market
- 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. Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Sector
- 5.1.1. Upstream
- 5.1.2. Midstream
- 5.1.3. Downstream
- 5.2. Market Analysis, Insights and Forecast - by Geography
- 5.2.1. Indonesia
- 5.2.2. Malaysia
- 5.2.3. Thailand
- 5.2.4. Rest of Southeast Asia
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Indonesia
- 5.3.2. Malaysia
- 5.3.3. Thailand
- 5.3.4. Rest of Southeast Asia
- 5.1. Market Analysis, Insights and Forecast - by Sector
- 6. Indonesia Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Sector
- 6.1.1. Upstream
- 6.1.2. Midstream
- 6.1.3. Downstream
- 6.2. Market Analysis, Insights and Forecast - by Geography
- 6.2.1. Indonesia
- 6.2.2. Malaysia
- 6.2.3. Thailand
- 6.2.4. Rest of Southeast Asia
- 6.1. Market Analysis, Insights and Forecast - by Sector
- 7. Malaysia Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Sector
- 7.1.1. Upstream
- 7.1.2. Midstream
- 7.1.3. Downstream
- 7.2. Market Analysis, Insights and Forecast - by Geography
- 7.2.1. Indonesia
- 7.2.2. Malaysia
- 7.2.3. Thailand
- 7.2.4. Rest of Southeast Asia
- 7.1. Market Analysis, Insights and Forecast - by Sector
- 8. Thailand Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Sector
- 8.1.1. Upstream
- 8.1.2. Midstream
- 8.1.3. Downstream
- 8.2. Market Analysis, Insights and Forecast - by Geography
- 8.2.1. Indonesia
- 8.2.2. Malaysia
- 8.2.3. Thailand
- 8.2.4. Rest of Southeast Asia
- 8.1. Market Analysis, Insights and Forecast - by Sector
- 9. Rest of Southeast Asia Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 9.1. Market Analysis, Insights and Forecast - by Sector
- 9.1.1. Upstream
- 9.1.2. Midstream
- 9.1.3. Downstream
- 9.2. Market Analysis, Insights and Forecast - by Geography
- 9.2.1. Indonesia
- 9.2.2. Malaysia
- 9.2.3. Thailand
- 9.2.4. Rest of Southeast Asia
- 9.1. Market Analysis, Insights and Forecast - by Sector
- 10. China Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 11. Japan Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 12. India Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 13. South Korea Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 14. Taiwan Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 15. Australia Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 16. Rest of Asia-Pacific Southeast Asia Oil and Gas EPC Industry Analysis, Insights and Forecast, 2019-2031
- 17. Competitive Analysis
- 17.1. Market Share Analysis 2024
- 17.2. Company Profiles
- 17.2.1 Bechtel Corporation
- 17.2.1.1. Overview
- 17.2.1.2. Products
- 17.2.1.3. SWOT Analysis
- 17.2.1.4. Recent Developments
- 17.2.1.5. Financials (Based on Availability)
- 17.2.2 Samsung Engineering Co Ltd*List Not Exhaustive
- 17.2.2.1. Overview
- 17.2.2.2. Products
- 17.2.2.3. SWOT Analysis
- 17.2.2.4. Recent Developments
- 17.2.2.5. Financials (Based on Availability)
- 17.2.3 PT Indika Energy Tbk
- 17.2.3.1. Overview
- 17.2.3.2. Products
- 17.2.3.3. SWOT Analysis
- 17.2.3.4. Recent Developments
- 17.2.3.5. Financials (Based on Availability)
- 17.2.4 P T Krakatau Engineering
- 17.2.4.1. Overview
- 17.2.4.2. Products
- 17.2.4.3. SWOT Analysis
- 17.2.4.4. Recent Developments
- 17.2.4.5. Financials (Based on Availability)
- 17.2.5 Sinopec Engineering (Group) Co Ltd
- 17.2.5.1. Overview
- 17.2.5.2. Products
- 17.2.5.3. SWOT Analysis
- 17.2.5.4. Recent Developments
- 17.2.5.5. Financials (Based on Availability)
- 17.2.6 PT Barata Indonesia (Persero)
- 17.2.6.1. Overview
- 17.2.6.2. Products
- 17.2.6.3. SWOT Analysis
- 17.2.6.4. Recent Developments
- 17.2.6.5. Financials (Based on Availability)
- 17.2.7 PT Meindo Elang Indah
- 17.2.7.1. Overview
- 17.2.7.2. Products
- 17.2.7.3. SWOT Analysis
- 17.2.7.4. Recent Developments
- 17.2.7.5. Financials (Based on Availability)
- 17.2.8 Petrofac Limited
- 17.2.8.1. Overview
- 17.2.8.2. Products
- 17.2.8.3. SWOT Analysis
- 17.2.8.4. Recent Developments
- 17.2.8.5. Financials (Based on Availability)
- 17.2.9 PT Rekayasa Industri
- 17.2.9.1. Overview
- 17.2.9.2. Products
- 17.2.9.3. SWOT Analysis
- 17.2.9.4. Recent Developments
- 17.2.9.5. Financials (Based on Availability)
- 17.2.10 Saipem SpA
- 17.2.10.1. Overview
- 17.2.10.2. Products
- 17.2.10.3. SWOT Analysis
- 17.2.10.4. Recent Developments
- 17.2.10.5. Financials (Based on Availability)
- 17.2.11 Fluor Corporation
- 17.2.11.1. Overview
- 17.2.11.2. Products
- 17.2.11.3. SWOT Analysis
- 17.2.11.4. Recent Developments
- 17.2.11.5. Financials (Based on Availability)
- 17.2.12 John Wood Group PLC
- 17.2.12.1. Overview
- 17.2.12.2. Products
- 17.2.12.3. SWOT Analysis
- 17.2.12.4. Recent Developments
- 17.2.12.5. Financials (Based on Availability)
- 17.2.13 PT JGC Indonesia
- 17.2.13.1. Overview
- 17.2.13.2. Products
- 17.2.13.3. SWOT Analysis
- 17.2.13.4. Recent Developments
- 17.2.13.5. Financials (Based on Availability)
- 17.2.14 TechnipFMC PLC
- 17.2.14.1. Overview
- 17.2.14.2. Products
- 17.2.14.3. SWOT Analysis
- 17.2.14.4. Recent Developments
- 17.2.14.5. Financials (Based on Availability)
- 17.2.1 Bechtel Corporation
List of Figures
- Figure 1: Southeast Asia Oil and Gas EPC Industry Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Southeast Asia Oil and Gas EPC Industry Share (%) by Company 2024
List of Tables
- Table 1: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Sector 2019 & 2032
- Table 3: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 4: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Region 2019 & 2032
- Table 5: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 6: China Southeast Asia Oil and Gas EPC Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 7: Japan Southeast Asia Oil and Gas EPC Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 8: India Southeast Asia Oil and Gas EPC Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 9: South Korea Southeast Asia Oil and Gas EPC Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 10: Taiwan Southeast Asia Oil and Gas EPC Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 11: Australia Southeast Asia Oil and Gas EPC Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 12: Rest of Asia-Pacific Southeast Asia Oil and Gas EPC Industry Revenue (Million) Forecast, by Application 2019 & 2032
- Table 13: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Sector 2019 & 2032
- Table 14: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 15: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 16: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Sector 2019 & 2032
- Table 17: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 18: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 19: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Sector 2019 & 2032
- Table 20: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 21: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Country 2019 & 2032
- Table 22: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Sector 2019 & 2032
- Table 23: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Geography 2019 & 2032
- Table 24: Southeast Asia Oil and Gas EPC Industry Revenue Million Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Southeast Asia Oil and Gas EPC Industry?
The projected CAGR is approximately 2.56%.
2. Which companies are prominent players in the Southeast Asia Oil and Gas EPC Industry?
Key companies in the market include Bechtel Corporation, Samsung Engineering Co Ltd*List Not Exhaustive, PT Indika Energy Tbk, P T Krakatau Engineering, Sinopec Engineering (Group) Co Ltd, PT Barata Indonesia (Persero), PT Meindo Elang Indah, Petrofac Limited, PT Rekayasa Industri, Saipem SpA, Fluor Corporation, John Wood Group PLC, PT JGC Indonesia, TechnipFMC PLC.
3. What are the main segments of the Southeast Asia Oil and Gas EPC Industry?
The market segments include Sector, Geography.
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.; The High Amount of Waste Generation in the Country4.; The growing Focus on Non-Fossil Fuel Sources.
6. What are the notable trends driving market growth?
The Downstream Sector to Dominate the Market.
7. Are there any restraints impacting market growth?
4.; The Recycling Rate of Waste in Germany.
8. Can you provide examples of recent developments in the market?
In August 2021, Hyundai Engineering Co. won a USD 256 million order from Thailand's third-largest refiner, IRPC Pcl, to revamp its refinery with a total capacity of 215,000 barrels per day in Rayong. Hyundai Engineering Co. has to upgrade its refinery, allowing the Thai integrated petrochemical company to produce cleaner diesel of Euro V standard. The construction started in August 2021, and the refinery is expected to come into operation by 2024 with new facilities such as a Diesel Hydrotreating Unit (DHT) and upgraded existing plants.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 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.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Southeast Asia Oil and Gas EPC Industry," 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 Southeast Asia Oil and Gas EPC Industry 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 Southeast Asia Oil and Gas EPC Industry?
To stay informed about further developments, trends, and reports in the Southeast Asia Oil and Gas EPC Industry, 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