Research Methodology on Europe Electric Ships Market
The research methodology adopted in the context of this study uses a mix of primary and secondary data collection techniques. This research study is conducted using semi-structured interviews and questionnaires administered to stakeholders involved in the Europe Electric Ships Market as well as experts in the electrical shipbuilding industry. The primary data is used to supplement the existing secondary data and to gain further information regarding market trends. Additionally, the primary data collected addressed qualitative research questions such as drivers and restraints in the Europe Electric Ships Market.
Data Collection And Tools
The Europe Electric Ships Market study is based primarily on primary research techniques. This involves interviewing industry professionals working in the electrical shipbuilding industry and conducting face-to-face interviews. The interviewees were asked to provide information on their organization’s operations in the Europe Electric Ships Market, their opinions and perspectives on the market, and the effects of the evolution of electric ships on the market. For quantitative data, the same process was followed but the questions were focused on specific numerical data such as market size and growth, market share, and strategic objectives.
The primary objective of the research based on primary interview was to gain the stakeholders’ perspective on the current state of the Europe Electric Ships Market and identify their areas of interest and concern. The primary sources of information used included:
- Industry experts: Industry experts were spoken to gain further insights on the market size, growth, and future potential.
- Company executives: A structured questionnaire was sent to the company executives of leading electrical shipbuilding firms. This questionnaire was formulated to gain an understanding of the market dynamics and challenges related to the production and adoption of electric ships in Europe.
- Government representatives: Structured questionnaires were also sent out to government representatives associated with laws and regulations regarding the production and use of electric ships in Europe.
Once the primary data was collected and analyzed, the secondary sources of data were used to make accurate market estimates. The secondary sources of data included news articles, trade magazines, reports published by industry associations and forums, company websites, and other governmental sources.
Data Analysis & Forecasting
The collected data was disaggregated, organized, and analyzed based on factors such as market segmentation, market size and share, key trends, drivers and restraints. The primary data collected from industry interviews and questionnaires are used to validate the secondary data collected. The study used market estimation techniques such as historical growth data, statistical modelling and extrapolation techniques. After the market size had been estimated, market forecasting techniques were applied. The forecasting techniques used involved CAGR growth estimates, trend analysis, and competitive analysis.
Once the research and analysis were completed, the key findings were identified and synthesized in the final report. The results were expressed in sequential rounds of presentations and reviews. All the insights derived from the research were then reviewed and further refined to generate the final report.
