Research Methodology

Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the Saudi Arabia industrial gases market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand from specific sectors especially food & beverage and medical. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the Saudi Arabia Industrial gases market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value : Market size, in terms of value, for the year 2022 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as Industrial gases companies, channel partners, end users, industry experts and other industry participants.

• The team interviewed more than ten Industrial gases companies, 50 end users and 12 industry experts and other value chain stakeholders in the Saudi Arabia Industrial gases market to obtain the overall market size between 2018 and 2022, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data during the historical period.

• Respondents were asked about the current and future market growth rates, market shares by product type, by application, by mode of distribution, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and category wise revenue shares generated across various segments were considered, to arrive at the final revenue shares.