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Process Analyzer Market With COVID-19 Impact, By Liquid Analyzer (MLSS, TOC, pH, Liquid Density, Conductivity, Dissolved Oxygen), Gas Analyzer (Oxygen...

By Liquid Analyzer (MLSS, TOC, pH, Liquid Density, Conductivity, Dissolved Oxygen), Gas Analyzer (Oxygen, Carbon Dioxide, Moisture, Toxic Gas, Hydrogen Sulfide), Industry and Region

Publisher:        MarketsandMarkets

# of Pages:        189

Rating: 

1 User License $4,950

Publication Date:  November, 2020

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                30

1.1          OBJECTIVES OF THE STUDY          30

1.2          DEFINITION        30

1.3          STUDY SCOPE    31

1.3.1      MARKETS COVERED        31

FIGURE 1             PROCESS ANALYZER MARKET SEGMENTATION   31

1.3.2      INCLUSIONS/EXCLUSIONS           31

1.3.3      YEARS CONSIDERED FOR THE STUDY        32

1.4          CURRENCY          32

1.5          LIMITATIONS     32

1.6          STAKEHOLDERS 33

1.7          SUMMARY OF CHANGES              33

2              RESEARCH METHODOLOGY         34

2.1          RESEARCH DATA               34

FIGURE 2             PROCESS ANALYZER MARKET: RESEARCH DESIGN             34

2.1.1      SECONDARY AND PRIMARY RESEARCH   35

2.1.2      SECONDARY DATA           35

2.1.2.1   List of major secondary sources                35

2.1.2.2   Key data from secondary sources             36

2.1.3      PRIMARY DATA 36

2.1.3.1   Primary interviews with experts               36

2.1.3.2   Primary sources                37

2.1.3.3   Breakdown of primaries               37

2.2          MARKET SIZE ESTIMATION          38

2.2.1      BOTTOM-UP APPROACH              38

2.2.1.1   Approach for arriving at market size using bottom-up analysis (demand side)      38

FIGURE 3             PROCESS ANALYZER MARKET: BOTTOM-UP APPROACH 39

2.2.2      TOP-DOWN APPROACH                39

2.2.2.1   Approach for arriving at market size using top-down analysis

(supply side)      39

FIGURE 4             PROCESS ANALYZER MARKET: TOP-DOWN APPROACH   40

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        40

FIGURE 5             DATA TRIANGULATION 40

2.4          RESEARCH ASSUMPTIONS           41

FIGURE 6             ASSUMPTIONS FOR RESEARCH STUDY    41

 

3              EXECUTIVE SUMMARY  42

FIGURE 7             COVID-19 IMPACT ANALYSIS ON PROCESS ANALYZER MARKET   42

3.1          REALISTIC SCENARIO      43

3.2          PESSIMISTIC SCENARIO 43

3.3          OPTIMISTIC SCENARIO  43

FIGURE 8             TOC ANALYZER SEGMENT ACCOUNTED FOR LARGEST SHARE OF

LIQUID PROCESS ANALYZER MARKET IN 2020      43

FIGURE 9             OXYGEN ANALYZER SEGMENT EXPECTED TO RECORD HIGHEST CAGR IN

GAS PROCESS ANALYZER MARKET FROM 2020 TO 2025   44

FIGURE 10           PHARMACEUTICALS ACCOUNTED FOR LARGEST SHARE OF PROCESS ANALYZER MARKET, BY INDUSTRY, IN 2019       45

FIGURE 11           PROCESS ANALYZER MARKET IN ASIA PACIFIC TO RECORD HIGHEST CAGR FROM 2020 TO 2025   46

4              PREMIUM INSIGHTS       47

4.1          PROCESS ANALYZER MARKET     47

FIGURE 12           ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN

PROCESS ANALYZER MARKET     47

4.2          PROCESS ANALYZER MARKET, BY LIQUID ANALYZER (2020–2025)               47

FIGURE 13           MLSS ANALYZER SEGMENT TO RECORD HIGHEST CAGR

DURING FORECAST PERIOD         47

4.3          PROCESS ANALYZER MARKET, BY GAS ANALYZER (2020 AND 2025)            48

FIGURE 14           OXYGEN ANALYZER SEGMENT TO LEAD MARKET DURING FORECAST PERIOD       48

4.4          PROCESS ANALYZER MARKET, BY INDUSTRY (2020 AND 2025)      48

FIGURE 15           PHARMACEUTICALS INDUSTRY TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD   48

4.5          PROCESS ANALYZER MARKET, BY REGION (2020–2025)   49

FIGURE 16           ASIA PACIFIC TO RECORD HIGHEST CAGR IN PROCESS ANALYZER MARKET DURING FORECAST PERIOD    49

5              MARKET OVERVIEW       50

5.1          INTRODUCTION                50

5.2          MARKET DYNAMICS       50

FIGURE 17           RISING DEMAND FOR WASTEWATER TREATMENT, INCREASING USE OF PROCESS ANALYZERS IN DRUG SAFETY, AND FISCAL POLICY OF REGIONAL FINANCIAL INSTITUTIONS TO DRIVE PROCESS ANALYZER MARKET      50

5.2.1      DRIVERS               50

5.2.1.1   Rising demand for water and wastewater treatment      50

5.2.1.2   Increasing use of process analyzers in drug safety            51

5.2.1.3   Fiscal policy measures by regional financial institutions to boost process analyzer market during COVID-19 crisis 51

FIGURE 18           CARES ACT PACKAGE BREAKUP 51

FIGURE 19           DRIVERS OF PROCESS ANALYZER MARKET AND THEIR IMPACT    52

 

5.2.2      RESTRAINTS       52

5.2.2.1   Lack of skilled professionals        52

5.2.2.2   High infrastructure cost 53

FIGURE 20           RESTRAINTS OF PROCESS ANALYZER MARKET AND THEIR IMPACT             53

5.2.3      OPPORTUNITIES               53

5.2.3.1   Growing demand for process analyzers in emerging markets

such as India and China 53

FIGURE 21           OPPORTUNITIES OF PROCESS ANALYZER MARKET AND THEIR IMPACT    54

5.2.4      CHALLENGES      54

5.2.4.1   Lockdowns and social distancing may restrict commercial trade growth in coming months             54

5.2.4.2   Need for continuous support and maintenance of installed analyzers     54

FIGURE 22           CHALLENGES OF PROCESS ANALYZER MARKET AND THEIR IMPACT           54

5.3          VALUE CHAIN ANALYSIS               55

FIGURE 23           VALUE CHAIN ANALYSIS: PROCESS ANALYZER MARKET  55

5.4          ECOSYSTEM        56

FIGURE 24           PROCESS ANALYZER MARKET: ECOSYSTEM           56

TABLE 1                GLOBAL PROCESS ANALYZER MARKET: ECOSYSTEM         56

5.5          PRICING ANALYSIS          57

5.6          MARKET REGULATIONS                57

5.7          PATENT ANALYSIS           58

5.8          USE CASES          58

5.8.1      LIQUID DENSITY METER USED IN FRENCH HYDRO ELECTRIC POWER

PLANT TO PREVENT PLANT SHUTDOWN                58

5.8.2      FTIR TOXIC GAS ANALYZER USED BY OCCUPATIONAL HEALTH SPECIALIST FROM WISCONSIN, US TO IDENTIFY POTENTIAL RISK FOR WORKERS 58

5.9          TECHNOLOGY TRENDS   58

5.9.1      AI AND IOT         58

5.9.2      AUTOMATIC SAMPLER  58

6              PROCESS ANALYZER MARKET, BY LIQUID ANALYZER         59

6.1          INTRODUCTION                60

FIGURE 25           PROCESS ANALYZER MARKET, BY LIQUID ANALYZER         60

TABLE 2                GLOBAL LIQUID ANALYZER MARKET, BY TYPE, 2016–2019 (USD MILLION)               60

TABLE 3                GLOBAL LIQUID ANALYZER MARKET, BY TYPE, 2020–2025 (USD MILLION)               60

TABLE 4                GLOBAL PROCESS ANALYZER MARKET FOR LIQUID ANALYZER, BY INDUSTRY, 2016–2019 (USD MILLION) 61

TABLE 5                GLOBAL PROCESS ANALYZER MARKET FOR LIQUID ANALYZER, BY INDUSTRY, 2020–2025 (USD MILLION) 61

TABLE 6                GLOBAL PROCESS ANALYZER MARKET FOR LIQUID ANALYZER, BY REGION, 2016–2019 (USD MILLION)     62

TABLE 7                GLOBAL PROCESS ANALYZER MARKET FOR LIQUID ANALYZER, BY REGION, 2020–2025 (USD MILLION)     62

 

6.2          PH/ORP ANALYZER          62

6.2.1      PHARMACEUTICALS INDUSTRY TO HOLD LARGEST SHARE OF

PH/ORP ANALYZER MARKET       62

TABLE 8                LIQUID ANALYZER MARKET FOR PH ANALYZER, BY INDUSTRY,

2016–2019 (USD MILLION)           63

TABLE 9                LIQUID ANALYZER MARKET FOR PH ANALYZER, BY INDUSTRY,

2020–2025 (USD MILLION)           63

6.3          CONDUCTIVITY ANALYZER           64

6.3.1      PHARMACEUTICALS INDUSTRY TO RECORD HIGHEST CAGR IN CONDUCTIVITY ANALYZER MARKET            64

TABLE 10              LIQUID ANALYZER MARKET FOR CONDUCTIVITY ANALYZER, BY INDUSTRY, 2016–2019 (USD MILLION)      64

TABLE 11              LIQUID ANALYZER MARKET FOR CONDUCTIVITY ANALYZER, BY INDUSTRY, 2020–2025 (USD MILLION)      65

6.4          TURBIDITY ANALYZER     65

6.4.1      PHARMACEUTICALS INDUSTRY TO HOLD LARGEST SHARE OF TURBIDITY ANALYZER MARKET        65

TABLE 12              LIQUID ANALYZER MARKET FOR TURBIDITY ANALYZER, BY INDUSTRY,

2016–2019 (USD MILLION)           66

TABLE 13              LIQUID ANALYZER MARKET FOR TURBIDITY ANALYZER, BY INDUSTRY,

2020–2025 (USD MILLION)           66

6.5          DISSOLVED OXYGEN ANALYER   67

6.5.1      WIDE USE OF DISSOLVED OXYGEN ANALYZERS IN WASTEWATER TREATEMENT   67

TABLE 14              LIQUID ANALYZER MARKET FOR DISSOLVED OXYGEN ANALYZER,

BY INDUSTRY, 2016–2019 (USD MILLION)              67

TABLE 15              LIQUID ANALYZER MARKET FOR DISSOLVED OXYGEN ANALYZER,

BY INDUSTRY, 2020–2025 (USD MILLION)              68

6.6          LIQUID DENSITY ANALYZER          68

6.6.1      ULTRASONIC LIQUID DENSITY ANALYZER SEGMENT EXPECTED TO

RECORD HIGHEST CAGR DURING FORECAST PERIOD        68

TABLE 16              GLOBAL LIQUID DENSITY ANALYZER MARKET, BY TECHNOLOGY,

2016–2019 (USD MILLION)           69

TABLE 17              GLOBAL LIQUID DENSITY ANALYZER MARKET, BY TECHNOLOGY,

2020–2025 (USD MILLION)           69

TABLE 18              GLOBAL LIQUID DENSITY METER MARKET, BY IMPLEMENTATION,

2016–2019 (USD MILLION)           69

TABLE 19              GLOBAL LIQUID DENSITY METER MARKET, BY IMPLEMENTATION,

2020–2025 (USD MILLION)           70

TABLE 20              LIQUID ANALYZER MARKET FOR LIQUID DENSITY ANALYZER, BY INDUSTRY, 2016–2019 (USD MILLION)    70

TABLE 21              LIQUID ANALYZER MARKET FOR LIQUID DENSITY ANALYZER, BY INDUSTRY, 2020–2025 (USD MILLION)    71

6.7          MLSS ANALYZER               71

6.7.1      MLSS ANALYZER SEGMENT EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD    71

TABLE 22              LIQUID ANALYZER MARKET FOR MLSS ANALYZER, BY INDUSTRY,

2016–2019 (USD MILLION)           72

TABLE 23              LIQUID ANALYZER MARKET FOR MLSS ANALYZER, BY INDUSTRY,

2020–2025 (USD MILLION)           72

6.8          TOC ANALYZER  73

6.8.1      TOC ANALYZER SEGMENT TO HOLD LARGEST SHARE OF PROCESS ANALYZER MARKET DURING FORECAST PERIOD                73

TABLE 24              GLOBAL TOC ANALYZER MARKET, BY TYPE, 2016–2019 (USD MILLION)     73

TABLE 25              GLOBAL TOC ANALYZER MARKET, BY TYPE, 2020–2025 (USD MILLION)     73

TABLE 26              GLOBAL TOC ANALYZER MARKET, BY TECHNOLOGY,

2016–2019 (USD MILLION)           73

TABLE 27              GLOBAL TOC ANALYZER MARKET, BY TECHNOLOGY,

2020–2025 (USD MILLION)           74

TABLE 28              GLOBAL TOC ANALYZER MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           74

TABLE 29              GLOBAL TOC ANALYZER MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           74

TABLE 30              LIQUID ANALYZER MARKET FOR TOC ANALYZER, BY INDUSTRY,

2016–2019 (USD MILLION)           75

TABLE 31              LIQUID ANALYZER MARKET FOR TOC ANALYZER, BY INDUSTRY,

2020–2025 (USD MILLION)           75

7              PROCESS ANALYZER MARKET, BY GAS ANALYZER              76

7.1          INTRODUCTION                77

FIGURE 26           PROCESS ANALYZER MARKET, BY GAS ANALYZER              77

TABLE 32              GLOBAL GAS ANALYZER MARKET, BY TYPE, 2016–2019 (USD MILLION)    77

TABLE 33              GLOBAL GAS ANALYZER MARKET, BY TYPE, 2020–2025 (USD MILLION)    77

TABLE 34              GLOBAL PROCESS ANALYZER MARKET FOR GAS ANALYZER, BY INDUSTRY, 2016–2019 (USD MILLION)       78

TABLE 35              GLOBAL PROCESS ANALYZER MARKET FOR GAS ANALYZER, BY INDUSTRY, 2020–2025 (USD MILLION)       78

TABLE 36              PROCESS ANALYZER MARKET FOR GAS ANALYZER, BY REGION,

2016–2019 (USD MILLION)           79

TABLE 37              PROCESS ANALYZER MARKET FOR GAS ANALYZER, BY REGION,

2020–2025 (USD MILLION)           79

7.2          OXYGEN ANALYZER         79

7.2.1      OXYGEN ANALYZER SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2019           79

TABLE 38              GAS ANALYZER MARKET FOR OXYGEN ANALYZER, BY INDUSTRY,

2016–2019 (USD MILLION)           80

TABLE 39              GAS ANALYZER MARKET FOR OXYGEN ANALYZER, BY INDUSTRY,

2020–2025 (USD MILLION)           80

7.3          CARBON DIOXIDE ANALYZER      81

7.3.1      CEMENT & GLASS INDUSTRIES TO RECORD HIGHEST GROWTH RATE IN CARBON DIOXIDE ANALYZER MARKET      81

TABLE 40              GAS ANALYZER MARKET FOR CARBON DIOXIDE ANALYZER, BY INDUSTRY, 2016–2019 (USD MILLION)       81

TABLE 41              GAS ANALYZER MARKET FOR CARBON DIOXIDE ANALYZER, BY INDUSTRY, 2020–2025 (USD MILLION)       82

7.4          MOISTURE ANALYZER    82

7.4.1      PHARMACEUTICALS INDUSTRY TO HOLD LARGEST SHARE OF MOISTURE ANALYZER MARKET       82

TABLE 42              GAS ANALYZER MARKET FOR MOISTURE ANALYZER, BY INDUSTRY,

2016–2019 (USD MILLION)           83

TABLE 43              GAS ANALYZER MARKET FOR MOISTURE ANALYZER, BY INDUSTRY,

2020–2025 (USD MILLION)           83

7.5          TOXIC GAS ANALYZER    84

7.5.1      PHARMACEUTICALS INDUSTRY TO RECORD HIGHEST CAGR IN TOXIC GAS ANALYZER MARKET DURING FORECAST PERIOD 84

TABLE 44              GAS ANALYZER MARKET FOR TOXIC GAS ANALYZER, BY INDUSTRY,

2016–2019 (USD MILLION)           84

TABLE 45              GAS ANALYZER MARKET FOR TOXIC GAS ANALYZER, BY INDUSTRY,

2020–2025 (USD MILLION)           85

7.6          HYDROGEN SULFIDE ANALYZER 85

7.6.1      WIDE USE OF HYDROGEN SULFIDE ANALYZERS IN OIL & GAS INDUSTRY  85

TABLE 46              GAS ANALYZER MARKET FOR HYDROGEN SULFIDE ANALYZER, BY INDUSTRY, 2016–2019 (USD MILLION) 86

TABLE 47              GAS ANALYZER MARKET FOR HYDROGEN SULFIDE ANALYZER, BY INDUSTRY, 2020–2025 (USD MILLION) 86

8              PROCESS ANALYZER MARKET, BY INDUSTRY        87

8.1          INTRODUCTION                88

TABLE 48              GLOBAL PROCESS ANALYZER MARKET, BY INDUSTRY,

2016–2019 (USD MILLION)           88

TABLE 49              GLOBAL PROCESS ANALYZER MARKET, BY INDUSTRY,

2020–2025 (USD MILLION)           88

8.2          OIL & GAS           89

8.2.1      LIQUID ANALYZER SEGMENT TO HOLD LARGER MARKET SHARE IN

OIL & GAS INDUSTRY      89

TABLE 50              GLOBAL PROCESS ANALYZER MARKET FOR OIL & GAS, BY TYPE,

2016–2019 (USD MILLION)           89

TABLE 51              GLOBAL PROCESS ANALYZER MARKET FOR OIL & GAS, BY TYPE,

2020–2025 (USD MILLION)           89

TABLE 52              GLOBAL LIQUID ANALYZER MARKET FOR OIL & GAS, BY TYPE,

2016–2019 (USD MILLION)           90

TABLE 53              GLOBAL LIQUID ANALYZER MARKET FOR OIL & GAS, BY TYPE,

2020–2025 (USD MILLION)           90

TABLE 54              GLOBAL GAS ANALYZER MARKET FOR OIL & GAS, BY TYPE,

2016–2019 (USD MILLION)           90

TABLE 55              GLOBAL GAS ANALYZER MARKET FOR OIL & GAS, BY TYPE,

2020–2025 (USD MILLION)           91

TABLE 56              PROCESS ANALYZER MARKET FOR OIL & GAS, BY REGION,

2016–2019 (USD MILLION)           91

TABLE 57              PROCESS ANALYZER MARKET FOR OIL & GAS, BY REGION,

2020–2025 (USD MILLION)           91

 

8.3          PETROCHEMICALS           92

8.3.1      LIQUID ANALYZER SEGMENT TO RECORD HIGHER CAGR IN

PETROCHEMICALS INDUSTRY     92

TABLE 58              GLOBAL PROCESS ANALYZER MARKET FOR PETROCHEMICALS, BY TYPE, 2016–2019 (USD MILLION)           92

TABLE 59              GLOBAL PROCESS ANALYZER MARKET FOR PETROCHEMICALS, BY TYPE, 2020–2025 (USD MILLION)           92

TABLE 60              GLOBAL LIQUID ANALYZER MARKET FOR PETROCHEMICALS, BY TYPE,

2016–2019 (USD MILLION)           92

TABLE 61              GLOBAL LIQUID ANALYZER MARKET FOR PETROCHEMICALS, BY TYPE,

2020–2025 (USD MILLION)           93

TABLE 62              GLOBAL GAS ANALYZER MARKET FOR PETROCHEMICALS, BY TYPE,

2016–2019 (USD MILLION)           93

TABLE 63              GLOBAL GAS ANALYZER MARKET FOR PETROCHEMICALS, BY TYPE,

2020–2025 (USD MILLION)           93

TABLE 64              PROCESS ANALYZER MARKET FOR PETROCHEMICALS, BY REGION,

2016–2019 (USD MILLION)           94

TABLE 65              PROCESS ANALYZER MARKET FOR PETROCHEMICALS, BY REGION,

2020–2025 (USD MILLION)           94

8.4          PHARMACEUTICALS       94

8.4.1      PHARMACEUTICALS INDUSTRY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD               94

TABLE 66              GLOBAL PROCESS ANALYZER MARKET FOR PHARMACEUTICALS, BY TYPE, 2016–2019 (USD MILLION)        95

TABLE 67              GLOBAL PROCESS ANALYZER MARKET FOR PHARMACEUTICALS, BY TYPE, 2020–2025 (USD MILLION)        95

TABLE 68              GLOBAL LIQUID ANALYZER MARKET FOR PHARMACEUTICALS, BY TYPE, 2016–2019 (USD MILLION)            95

TABLE 69              GLOBAL LIQUID ANALYZER MARKET FOR PHARMACEUTICALS, BY TYPE, 2020–2025 (USD MILLION)            96

TABLE 70              GLOBAL GAS ANALYZER MARKET FOR PHARMACEUTICALS, BY TYPE,

2016–2019 (USD MILLION)           96

TABLE 71              GLOBAL GAS ANALYZER MARKET FOR PHARMACEUTICALS, BY TYPE,

2020–2025 (USD MILLION)           96

TABLE 72              PROCESS ANALYZER MARKET FOR PHARMACEUTICALS, BY REGION,

2016–2019 (USD MILLION)           97

TABLE 73              PROCESS ANALYZER MARKET FOR PHARMACEUTICALS, BY REGION,

2020–2025 (USD MILLION)           97

8.5          WATER & WASTEWATER               97

8.5.1      WIDE USE OF LIQUID ANALYZERS IN WATER & WASTEWATER INDUSTRY                97

TABLE 74              GLOBAL PROCESS ANALYZER MARKET FOR WATER & WASTEWATER, BY TYPE, 2016–2019 (USD MILLION)                97

TABLE 75              GLOBAL PROCESS ANALYZER MARKET FOR WATER & WASTEWATER, BY TYPE, 2020–2025 (USD MILLION)                98

TABLE 76              GLOBAL LIQUID ANALYZER MARKET FOR WATER & WASTEWATER, BY TYPE, 2016–2019 (USD MILLION)   98

TABLE 77              GLOBAL LIQUID ANALYZER MARKET FOR WATER & WASTEWATER, BY TYPE, 2020–2025 (USD MILLION)   98

TABLE 78              GLOBAL GAS ANALYZER MARKET FOR WATER & WASTEWATER, BY TYPE, 2016–2019 (USD MILLION)         99

TABLE 79              GLOBAL GAS ANALYZER MARKET FOR WATER & WASTEWATER, BY TYPE, 2020–2025 (USD MILLION)         99

TABLE 80              PROCESS ANALYZER MARKET FOR WATER & WASTEWATER, BY REGION, 2016–2019 (USD MILLION)          99

TABLE 81              PROCESS ANALYZER MARKET FOR WATER & WASTEWATER, BY REGION, 2020–2025 (USD MILLION)          100

8.6          POWER 100

8.6.1      OXYGEN ANALYZER SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD IN POWER INDUSTRY        100

TABLE 82              GLOBAL PROCESS ANALYZER MARKET FOR POWER, BY TYPE,

2016–2019 (USD MILLION)           100

TABLE 83              GLOBAL PROCESS ANALYZER MARKET FOR POWER, BY TYPE,

2020–2025 (USD MILLION)           100

TABLE 84              GLOBAL LIQUID ANALYZER MARKET FOR POWER, BY TYPE,

2016–2019 (USD MILLION)           101

TABLE 85              GLOBAL LIQUID ANALYZER MARKET FOR POWER, BY TYPE,

2020–2025 (USD MILLION)           101

TABLE 86              GLOBAL GAS ANALYZER MARKET FOR POWER, BY TYPE,

2016–2019 (USD MILLION)           101

TABLE 87              GLOBAL GAS ANALYZER MARKET FOR POWER, BY TYPE,

2020–2025 (USD MILLION)           102

TABLE 88              PROCESS ANALYZER MARKET FOR POWER, BY REGION,

2016–2019 (USD MILLION)           102

TABLE 89              PROCESS ANALYZER MARKET FOR POWER, BY REGION,

2020–2025 (USD MILLION)           102

8.7          FOOD & BEVERAGES       103

8.7.1      LIQUID ANALYZER SEGMENT TO HOLD LARGEST MARKET SHARE IN

FOOD & BEVERAGES INDUSTRY 103

TABLE 90              GLOBAL PROCESS ANALYZER MARKET FOR FOOD & BEVERAGES, BY TYPE, 2016–2019 (USD MILLION)       103

TABLE 91              GLOBAL PROCESS ANALYZER MARKET FOR FOOD & BEVERAGES, BY TYPE, 2020–2025 (USD MILLION)       103

TABLE 92              GLOBAL LIQUID ANALYZER MARKET FOR FOOD & BEVERAGES, BY TYPE, 2016–2019 (USD MILLION)           104

TABLE 93              GLOBAL LIQUID ANALYZER MARKET FOR FOOD & BEVERAGES, BY TYPE, 2020–2025 (USD MILLION)           104

TABLE 94              GLOBAL GAS ANALYZER MARKET FOR FOOD & BEVERAGES, BY TYPE,

2016–2019 (USD MILLION)           104

TABLE 95              GLOBAL GAS ANALYZER MARKET FOR FOOD & BEVERAGES, BY TYPE,

2020–2025 (USD MILLION)           105

TABLE 96              PROCESS ANALYZER MARKET FOR FOOD & BEVERAGES, BY REGION,

2016–2019 (USD MILLION)           105

TABLE 97              PROCESS ANALYZER MARKET FOR FOOD & BEVERAGES, BY REGION,

2020–2025 (USD MILLION)           105

8.8          PAPER & PULP   106

8.8.1      GAS ANALYZER SEGMENT TO HOLD LARGER MARKET SHARE IN

PAPER & PULP INDUSTRY             106

TABLE 98              GLOBAL PROCESS ANALYZER MARKET FOR PAPER & PULP, BY TYPE,

2016–2019 (USD MILLION)           106

TABLE 99              GLOBAL PROCESS ANALYZER MARKET FOR PAPER & PULP, BY TYPE,

2020–2025 (USD MILLION)           106

TABLE 100            GLOBAL LIQUID ANALYZER MARKET FOR PAPER & PULP, BY TYPE,

2016–2019 (USD MILLION)           106

TABLE 101            GLOBAL LIQUID ANALYZER MARKET FOR PAPER & PULP, BY TYPE,

2020–2025 (USD MILLION)           107

TABLE 102            GLOBAL GAS ANALYZER MARKET FOR PAPER & PULP, BY TYPE,

2016–2019 (USD MILLION)           107

TABLE 103            GLOBAL GAS ANALYZER MARKET FOR PAPER & PULP, BY TYPE,

2020–2025 (USD MILLION)           107

TABLE 104            PROCESS ANALYZER MARKET FOR PAPER & PULP, BY REGION,

2016–2019 (USD MILLION)           108

TABLE 105            PROCESS ANALYZER MARKET FOR PAPER & PULP, BY REGION,

2020–2025 (USD MILLION)           108

8.9          METALS & MINING         108

8.9.1      OXYGEN ANALYZER SEGMENT TO RECORD HIGHEST CAGR IN

METALS & MINING INDUSTRY    108

TABLE 106            GLOBAL PROCESS ANALYZER MARKET FOR METALS & MINING, BY TYPE, 2016–2019 (USD MILLION)          108

TABLE 107            GLOBAL PROCESS ANALYZER MARKET FOR METALS & MINING, BY TYPE, 2020–2025 (USD MILLION)          109

TABLE 108            GLOBAL LIQUID ANALYZER MARKET FOR METALS & MINING, BY TYPE,

2016–2019 (USD MILLION)           109

TABLE 109            GLOBAL LIQUID ANALYZER MARKET FOR METALS & MINING, BY TYPE,

2020–2025 (USD MILLION)           109

TABLE 110            GLOBAL GAS ANALYZER MARKET FOR METALS & MINING, BY TYPE,

2016–2019 (USD MILLION)           110

TABLE 111            GLOBAL GAS ANALYZER MARKET FOR METALS & MINING, BY TYPE,

2020–2025 (USD MILLION)           110

TABLE 112            PROCESS ANALYZER MARKET FOR METALS & MINING, BY REGION,

2016–2019 (USD MILLION)           110

TABLE 113            PROCESS ANALYZER MARKET FOR METALS & MINING, BY REGION,

2020–2025 (USD MILLION)           111

8.10        CEMENT & GLASS            111

8.10.1    HYDROGEN SULFIDE ANALYZER SEGMENT TO RECORD HIGHEST CAGR IN CEMENT & GLASS INDUSTRY    111

TABLE 114            GLOBAL PROCESS ANALYZER MARKET FOR CEMENT & GLASS, BY TYPE, 2016–2019 (USD MILLION)             111

TABLE 115            GLOBAL PROCESS ANALYZER MARKET FOR CEMENT & GLASS, BY TYPE, 2020–2025 (USD MILLION)             111

TABLE 116            GLOBAL LIQUID ANALYZER MARKET FOR CEMENT & GLASS, BY TYPE,

2016–2019 (USD MILLION)           112

TABLE 117            GLOBAL LIQUID ANALYZER MARKET FOR CEMENT & GLASS, BY TYPE,

2020–2025 (USD MILLION)           112

TABLE 118            GLOBAL GAS ANALYZER MARKET FOR CEMENT & GLASS, BY TYPE,

2016–2019 (USD MILLION)           112

TABLE 119            GLOBAL GAS ANALYZER MARKET FOR CEMENT & GLASS, BY TYPE,

2020–2025 (USD MILLION)           113

TABLE 120            PROCESS ANALYZER MARKET FOR CEMENT & GLASS, BY REGION,

2016–2019 (USD MILLION)           113

TABLE 121            PROCESS ANALYZER MARKET FOR CEMENT & GLASS, BY REGION,

2020–2025 (USD MILLION)           113

8.11        OTHERS                114

TABLE 122            GLOBAL PROCESS ANALYZER MARKET FOR OTHER INDUSTRIES, BY TYPE, 2016–2019 (USD MILLION)         114

TABLE 123            GLOBAL PROCESS ANALYZER MARKET FOR OTHER INDUSTRIES, BY TYPE, 2020–2025 (USD MILLION)         114

TABLE 124            GLOBAL LIQUID ANALYZER MARKET FOR OTHER INDUSTRIES, BY TYPE, 2016–2019 (USD MILLION)             115

TABLE 125            GLOBAL LIQUID ANALYZER MARKET FOR OTHER INDUSTRIES, BY TYPE, 2020–2025 (USD MILLION)             115

TABLE 126            GLOBAL GAS ANALYZER MARKET FOR OTHER INDUSTRIES, BY TYPE,

2016–2019 (USD MILLION)           115

TABLE 127            GLOBAL GAS ANALYZER MARKET FOR OTHER INDUSTRIES, BY TYPE,

2020–2025 (USD MILLION)           116

TABLE 128            PROCESS ANALYZER MARKET FOR OTHER INDUSTRIES, BY REGION,

2016–2019 (USD MILLION)           116

TABLE 129            PROCESS ANALYZER MARKET FOR OTHER INDUSTRIES, BY REGION,

2020–2025 (USD MILLION)           116

9              GEOGRAPHIC ANALYSIS                117

9.1          INTRODUCTION                118

FIGURE 27           PROCESS ANALYZER MARKET, BY GEOGRAPHY   118

TABLE 130            GLOBAL PROCESS ANALYZER MARKET, BY REGION,

2016–2019 (USD MILLION)           118

TABLE 131            GLOBAL PROCESS ANALYZER MARKET, BY REGION,

2020–2025 (USD MILLION)           118

9.2          NORTH AMERICA             119

FIGURE 28           SNAPSHOT: PROCESS ANALYZER MARKET IN NORTH AMERICA   119

TABLE 132            PROCESS ANALYZER MARKET FOR NORTH AMERICA, BY COUNTRY,

2016–2019 (USD MILLION)           120

TABLE 133            PROCESS ANALYZER MARKET FOR NORTH AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           120

TABLE 134            GLOBAL PROCESS ANALYZER MARKET FOR NORTH AMERICA, BY TYPE, 2016–2019 (USD MILLION)             120

TABLE 135            GLOBAL PROCESS ANALYZER MARKET FOR NORTH AMERICA, BY TYPE, 2020–2025 (USD MILLION)             120

TABLE 136            GLOBAL PROCESS ANALYZER MARKET FOR NORTH AMERICA, BY INDUSTRY, 2016–2019 (USD MILLION)  121

TABLE 137            GLOBAL PROCESS ANALYZER MARKET FOR NORTH AMERICA, BY INDUSTRY, 2020–2025 (USD MILLION)  121

9.2.1      US          122

9.2.1.1   Largest share of market in North America in 2019              122

 

9.2.2      CANADA              122

9.2.2.1   Wide use of process analyzers in food & beverages industry       122

9.2.3      MEXICO               122

9.2.3.1   Process analyzer market to record highest CAGR from 2020 to 2025         122

9.3          EUROPE               123

TABLE 138            PROCESS ANALYZER MARKET FOR EUROPE, BY COUNTRY,

2016–2019 (USD MILLION)           123

TABLE 139            PROCESS ANALYZER MARKET FOR EUROPE, BY COUNTRY,

2020–2025 (USD MILLION)           123

TABLE 140            GLOBAL PROCESS ANALYZER MARKET FOR EUROPE, BY TYPE,

2016–2019 (USD MILLION)           123

TABLE 141            GLOBAL PROCESS ANALYZER MARKET FOR EUROPE, BY TYPE,

2020–2025 (USD MILLION)           124

TABLE 142            GLOBAL PROCESS ANALYZER MARKET FOR EUROPE, BY INDUSTRY,

2016–2019 (USD MILLION)           124

TABLE 143            GLOBAL PROCESS ANALYZER MARKET FOR EUROPE, BY INDUSTRY,

2020–2025 (USD MILLION)           125

9.3.1      UK          125

9.3.1.1   Largest share of market in Europe in 2019             125

9.3.2      GERMANY           125

9.3.2.1   Increased adoption of automation in various industries 125

9.3.3      FRANCE                125

9.3.3.1   Process analyzer market in France to record high CAGR from

2020 to 2025       125

9.3.4      REST OF EUROPE              126

9.4          APAC     126

FIGURE 29           SNAPSHOT: PROCESS ANALYZER MARKET IN APAC           126

TABLE 144            PROCESS ANALYZER MARKET FOR APAC, BY COUNTRY,

2016–2019 (USD MILLION)           127

TABLE 145            PROCESS ANALYZER MARKET FOR APAC, BY COUNTRY,

2020–2025 (USD MILLION)           127

TABLE 146            GLOBAL PROCESS ANALYZER MARKET FOR APAC, BY TYPE,

2016–2019 (USD MILLION)           127

TABLE 147            GLOBAL PROCESS ANALYZER MARKET FOR APAC, BY TYPE,

2020–2025 (USD MILLION)           127

TABLE 148            GLOBAL PROCESS ANALYZER MARKET FOR APAC, BY INDUSTRY,

2016–2019 (USD MILLION)           128

TABLE 149            GLOBAL PROCESS ANALYZER MARKET FOR APAC, BY INDUSTRY,

2020–2025 (USD MILLION)           128

9.4.1      CHINA   129

9.4.1.1   Largest share of market in APAC in 2019                129

9.4.2      JAPAN  129

9.4.2.1   Increasing wastewater recycling units to implement

process analyzers            129

9.4.3      INDIA    129

9.4.3.1   Process analyzer market to record highest CAGR from 2020 to 2025         129

9.4.4      REST OF APAC   129

9.5          REST OF THE WORLD (ROW)        130

TABLE 150            PROCESS ANALYZER MARKET FOR ROW, BY REGION,

2016–2019 (USD MILLION)           130

TABLE 151            PROCESS ANALYZER MARKET FOR ROW, BY REGION,

2020–2025 (USD MILLION)           130

TABLE 152            GLOBAL PROCESS ANALYZER MARKET FOR ROW, BY TYPE,

2016–2019 (USD MILLION)           130

TABLE 153            GLOBAL PROCESS ANALYZER MARKET FOR ROW, BY TYPE,

2020–2025 (USD MILLION)           130

TABLE 154            GLOBAL PROCESS ANALYZER MARKET FOR ROW, BY INDUSTRY,

2016–2019 (USD MILLION)           131

TABLE 155            GLOBAL PROCESS ANALYZER MARKET FOR ROW, BY INDUSTRY,

2020–2025 (USD MILLION)           131

9.5.1      SOUTH AMERICA             132

9.5.1.1   Larger share of RoW market in 2019        132

9.5.2      MIDDLE EAST & AFRICA 132

9.5.2.1   Expected to record higher CAGR in RoW               132

10           COMPETITIVE LANDSCAPE           133

10.1        OVERVIEW          133

10.2        MARKET SHARE ANALYSIS: PROCESS ANALYZER MARKET               133

FIGURE 30           PROCESS ANALYZER MARKET, OVERALL MARKET SHARE ANALYSIS           133

10.3        COMPETITIVE EVALUATION QUADRANT               134

10.3.1    STAR      134

10.3.2    EMERGING LEADERS      134

10.3.3    PERVASIVE         134

10.3.4    PARTICIPANT     134

FIGURE 31           PROCESS ANALYZER MARKET (GLOBAL) COMPETITIVE EVALUATION QUADRANT, 2019   135

TABLE 156            COMPANY PRODUCT FOOTPRINT             136

TABLE 157            COMPANY PROCESS ANALYZER TYPE FOOTPRINT              136

TABLE 158            COMPANY INDUSTRY FOOTPRINT            137

TABLE 159            COMPANY REGION FOOTPRINT                137

10.4        STARTUP/SME EVALUATION QUADRANT             138

10.4.1    PROGRESSIVE COMPANIES         138

10.4.2    RESPONSIVE COMPANIES            138

10.4.3    DYNAMIC COMPANIES  138

10.4.4    STARTING BLOCKS           138

FIGURE 32           STARTUP/SME EVALUATION MATRIX     139

10.5        COMPETITIVE SITUATION AND TRENDS 140

10.5.1    PRODUCT LAUNCHES AND DEVELOPMENTS        140

TABLE 160            PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020 140

 

11           COMPANY PROFILES      141

11.1        KEY PLAYERS      141

(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*

11.1.1    ABB        141

FIGURE 33           ABB: COMPANY SNAPSHOT        141

11.1.2    EMERSON           144

FIGURE 34           EMERSON: COMPANY SNAPSHOT            144

11.1.3    SIEMENS              147

FIGURE 35           SIEMENS: COMPANY SNAPSHOT              147

11.1.4    ENDRESS+HAUSER          149

FIGURE 36           ENDRESS+HAUSER: COMPANY SNAPSHOT           149

11.1.5    YOKOGAWA ELECTRIC CORPORATION    151

FIGURE 37           YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT    151

11.1.6    METTLER-TOLEDO            153

FIGURE 38           METTLER-TOLEDO: COMPANY SNAPSHOT            153

11.1.7    SUEZ      155

FIGURE 39           SUEZ: COMPANY SNAPSHOT      155

11.1.8    THERMO FISHER SCIENTIFIC        156

FIGURE 40           THERMO FISHER: COMPANY SNAPSHOT                156

11.1.9    AMETEK               158

FIGURE 41           AMETEK: COMPANY SNAPSHOT                158

11.1.10  ANTON PAAR    160

* Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

11.2        RIGHT TO WIN   161

11.3        OTHER KEY PLAYERS        162

11.3.1    HACH    162

11.3.2    SHIMADZU         162

11.3.3    JUMO   163

11.3.4    APPLIED ANALYTICS        163

11.3.5    VEGA GRIESHABER          164

11.3.6    OMEGA ENGINEERING  164

11.3.7    SARTORIUS         165

11.3.8    SCHMIDT+HAENSCH       165

11.3.9    LEMIS BALTIC     166

11.3.10  HORIBA                166

11.3.11  BERTHOLD TECHNOLOGIES          167

11.3.12  KYOTO ELECTRONICS      167

11.3.13  MICHELL INSTRUMENTS               167

11.3.14  SINAR TECHNOLOGY      168

11.3.15  GOW MAC INSTRUMENTS           168

11.4        STARTUP/SME PLAYERS                169

11.4.1    SKALAR                169

11.4.2    UIC         169

11.4.3    COMET ANALYTICS          169

11.4.4    TOC SYSTEMS    170

11.4.5    SENSOTECH        170

11.4.6    BOPP & REUTHER             170

11.4.7    ROTOTHERM      171

11.4.8    INTEGRATED SENSING SYSTEMS               171

11.4.9    LAR        172

11.4.10  ELTRA    172

12           ADJACENT AND RELATED MARKET           173

12.1        INTRODUCTION                173

12.2        LIMITATIONS     173

12.3        GAS SENSORS MARKET 173

12.3.1    DEFINITION        173

12.3.2    MARKET OVERVIEW       173

12.3.3    GAS SENSORS MARKET, BY APPLICATION             174

TABLE 161            GAS SENSORS MARKET, BY APPLICATION, 2016–2024 (USD MILLION)      174

12.3.3.1                Automotive & transportation     174

TABLE 162            GAS SENSORS MARKET FOR AUTOMOTIVE & TRANSPORTATION APPLICATION, BY REGION, 2016–2024 (USD MILLION)             175

12.3.3.2                Smart cities & building automation           175

TABLE 163            GAS SENSORS MARKET IN SMART CITIES & BUILDING AUTOMATION APPLICATION, BY REGION, 2016–2024 (USD MILLION) 176

12.3.3.3                Oil & gas               176

TABLE 164            GAS SENSORS MARKET IN OIL & GAS APPLICATION, BY REGION,

2016–2024 (USD MILLION)           176

12.3.3.4                Water & wastewater      177

TABLE 165            GAS SENSORS MARKET IN WATER & WASTEWATER APPLICATION,

BY REGION, 2016–2024 (USD MILLION)  177

12.3.3.5                Food & beverages           178

TABLE 166            GAS SENSORS MARKET IN FOOD & BEVERAGES APPLICATION, BY REGION, 2016–2024 (USD MILLION)     178

12.3.3.6                Power stations  178

TABLE 167            GAS SENSORS MARKET FOR POWER STATIONS APPLICATION, BY REGION, 2016–2024 (USD MILLION)      179

12.3.3.7                Medical                179

TABLE 168            GAS SENSORS MARKET IN MEDICAL APPLICATION, BY REGION,

2016–2024 (USD MILLION)           179

12.3.3.8                Metals & chemicals         180

TABLE 169            GAS SENSORS MARKET IN METALS & CHEMICALS APPLICATION, BY REGION, 2016–2024 (USD MILLION) 180

 

12.3.3.9                Mining  180

TABLE 170            GAS SENSORS MARKET IN MINING APPLICATION, BY REGION,

2016–2024 (USD MILLION)           180

12.3.3.10              Consumer electronics    181

TABLE 171            GAS SENSORS MARKET IN CONSUMER ELECTRONICS APPLICATION,

BY REGION, 2016–2024 (USD MILLION)  181

12.3.4    GAS SENSORS MARKET, BY REGION         182

TABLE 172            GAS SENSORS MARKET, BY REGION, 2016–2024 (USD MILLION) 182

12.3.4.1                North America  183

TABLE 173            GAS SENSORS MARKET IN NORTH AMERICA, BY COUNTRY,

2016–2024 (USD MILLION)           183

TABLE 174            GAS SENSORS MARKET IN NORTH AMERICA, BY APPLICATION,

2016–2024 (USD MILLION)           183

12.3.4.2                Europe 184

TABLE 175            GAS SENSORS MARKET IN EUROPE, BY COUNTRY,

2016–2024 (USD MILLION)           184

TABLE 176            GAS SENSORS MARKET IN EUROPE, BY APPLICATION,

2016–2024 (USD MILLION)           185

12.3.4.3                APAC     186

TABLE 177            GAS SENSORS MARKET IN APAC, BY COUNTRY, 2016–2024 (USD MILLION)            186

TABLE 178            GAS SENSORS MARKET IN APAC, BY APPLICATION,

2016–2024 (USD MILLION)           187

12.3.4.4                RoW      187

TABLE 179            GAS SENSORS MARKET IN ROW, BY REGION, 2016–2024 (USD MILLION)                187

TABLE 180            GAS SENSORS MARKET IN ROW, BY APPLICATION,

2016–2024 (USD MILLION)           188

13           APPENDIX           189

13.1        INSIGHTS OF INDUSTRY EXPERTS              189

13.2        DISCUSSION GUIDE        190

13.3        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   193

13.4        AVAILABLE CUSTOMIZATIONS   195

13.5        RELATED REPORTS           195

13.6        AUTHOR DETAILS             196

 

Telecom Power System Market by grid type (On-Grid, Off-Grid, Bad grid), component, power source, Technology, (AC power system, DC power system), Power...

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKET SEGMENTATION 23
FIGURE 1 TELECOM POWER SYSTEM MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 25
1.5 STAKEHOLDERS 25
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 TELECOM POWER SYSTEM MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Primary interviews with experts 29
2.1.2.2 Breakdown of primary interviews 29
2.1.2.3 Key data from primary sources 30
2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 3 TELECOM POWER SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 TOP-DOWN APPROACH 31
2.2.1.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 33
2.2.2 BOTTOM-UP APPROACH 34
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35
 
2.4 RESEARCH ASSUMPTIONS 36
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 36
2.5 LIMITATIONS 37
2.6 RISK FACTORS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 TELECOM POWER SYSTEM MARKET, 2018–2027 (USD BILLION) 39
3.1 TELECOM POWER SYSTEM MARKET SCENARIO 39
FIGURE 9 GROWTH PROJECTIONS FOR TELECOM POWER SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 39
3.1.1 REALISTIC SCENARIO 40
3.1.2 PESSIMISTIC SCENARIO 40
3.1.3 OPTIMISTIC SCENARIO 40
FIGURE 10 BAD GRID SEGMENT TO HOLD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET, BY GRID TYPE, DURING FORECAST PERIOD 40
FIGURE 11 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 12 DIESEL-BATTERY SEGMENT HELD LARGEST SHARE, BY POWER SOURCE,
OF TELECOM POWER SYSTEM MARKET IN 2021 41
FIGURE 13 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN TELECOM POWER SYSTEM MARKET 43
FIGURE 14 INCREASING NUMBER OF TELECOM INFRASTRUCTURES IN REMOTE AREAS TO CREATE GROWTH OPPORTUNITIES FOR MARKET 43
4.2 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 44
FIGURE 15 DIESEL-SOLAR POWER SOURCE TO WITNESS HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 44
4.3 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 44
FIGURE 16 BAD-GRID SEGMENT HELD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET IN 2021 44
4.4 TELECOM POWER SYSTEM MARKET, BY COMPONENT 45
FIGURE 17 INVERTER COMPONENT SEGMENT TO EXPERIENCE HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 45
4.5 COUNTRY-WISE TELECOM POWER SYSTEM MARKET GROWTH 46
FIGURE 18 TELECOM POWER SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
FIGURE 20 TELECOM POWER SYSTEM MARKET DRIVERS AND THEIR IMPACT 48
5.2.1.1 Increasing number of telecom infrastructures in remote areas 48
TABLE 2 4G TECHNOLOGY PENETRATION IN URBAN VS RURAL AREAS 49
5.2.1.2 Growing adoption of telecom services and high data traffic 49
FIGURE 21 MOBILE DATA TRAFFIC 2018–2022 49
TABLE 3 PENETRATION OF INDIVIDUALS USING INTERNET 50
5.2.1.3 Rising awareness about reducing carbon footprint from telecom power systems 50
5.2.2 RESTRAINTS 51
FIGURE 22 TELECOM POWER SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 51
5.2.2.1 High deployment and operational costs 51
5.2.2.2 Environmental concerns due to usage of diesel 51
5.2.3 OPPORTUNITY 52
FIGURE 23 TELECOM POWER SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Growing adoption of hybrid power systems 52
5.2.3.2 Increasing technological advancements in cellular networks
(5G, LTE services, etc.) 53
TABLE 4 4G TECHNOLOGY PENETRATION 53
5.2.3.3 Surging requirements for advanced telecom infrastructure and
M2M connections 53
FIGURE 24 CELLULAR IOT CONNECTIONS, 2019 VS. 2025 54
5.2.3.4 Rising use of GaN-based power devices with evolution of 5G technology 54
5.2.4 CHALLENGES 55
FIGURE 25 TELECOM POWER SYSTEM MARKET CHALLENGES AND THEIR IMPACT 55
5.2.4.1 Lack of infrastructure development for energy management 55
5.2.4.2 Design challenges for telecom power systems 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO TELECOM POWER SYSTEM MARKET 56
5.4 ECOSYSTEM/MARKET MAP 57
TABLE 5 TELECOM POWER SYSTEM MARKET: ECOSYSTEM 57
FIGURE 27 KEY PLAYERS IN TELECOM POWER SYSTEM ECOSYSTEM 58
5.4.1 TELECOM POWER SYSTEM MANUFACTURERS 58
5.4.2 TELECOM NETWORK SOLUTION PROVIDERS 58
5.4.3 SYSTEM INTEGRATORS 58
5.4.4 NETWORK OPERATORS 59
5.5 TECHNOLOGY ANALYSIS 59
5.5.1 5G NETWORK 59
5.5.2 SMART MANUFACTURING 59
5.5.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 60
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 28 VALUE CHAIN: TELECOM POWER SYSTEM MARKET 60
 
5.7 PATENT ANALYSIS 62
TABLE 6 NOTABLE PATENTS PERTAINING TO TELECOM POWER SYSTEM MARKET 62
TABLE 7 NUMBER OF PATENTS REGISTERED RELATED TO TELECOM POWER SYSTEM MARKET IN LAST 10 YEARS 66
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS 67
FIGURE 30 NO. OF PATENTS GRANTED PER YEAR, 2012–2021 67
5.8 REGULATORY LANDSCAPE 68
5.8.1 NORTH AMERICA 68
5.8.2 EUROPE 68
5.8.3 APAC 69
5.8.4 GLOBAL 69
5.9 TRADE DATA 69
5.9.1 IMPORT DATA 70
TABLE 8 IMPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.9.2 EXPORT DATA 70
TABLE 9 EXPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 POWERING OF LARGE TELECOM AND SEASONAL AIR CONDITIONING 71
5.10.2 ADVANCED REMOTE TELECOM SITE AUTOMATION 71
5.10.3 OFF-GRID LTE WIRELESS NETWORKS 72
5.10.4 HYBRID OFF-GRID TELECOM SITES 72
5.10.5 HD-PLC FOR A FASTER, CHEAPER SMART METERING 73
5.11 KEY CONFERENCES & EVENTS DURING 2022–2023 73
TABLE 10 TELECOM POWER SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS 73
5.12 PORTER’S FIVE FORCE ANALYSIS 77
TABLE 11 IMPACT OF PORTER’S FIVE FORCES ON TELECOM POWER SYSTEM MARKET 77
FIGURE 31 TELECOM POWER SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.12.2 THREAT OF SUBSTITUTES 78
5.12.3 BARGAINING POWER OF BUYERS 78
5.12.4 BARGAINING POWER OF SUPPLIERS 78
5.12.5 THREAT OF NEW ENTRANTS 78
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 79
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES 79
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES (%) 79
5.13.2 BUYING CRITERIA 80
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
5.14 AVERAGE SELLING PRICE (ASP) ANALYSIS 81
FIGURE 34 GLOBAL ASP OF TELECOM POEWR SYSTEMS, 2021 81
6 TELECOM POWER SYSTEM MARKET, BY COMPONENT 82
6.1 INTRODUCTION 83
FIGURE 35 INVERTERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 83
TABLE 14 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 83
TABLE 15 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 84
6.2 RECTIFIERS 84
6.2.1 RECTIFIERS CONVERT ALTERNATING CURRENT TO DIRECT CURRENT AND PROVIDE POWER TO CHARGE BATTERIES 84
6.3 INVERTERS 85
6.3.1 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 85
6.4 CONVERTERS 85
6.4.1 MAJOR FUNCTION OF CONVERTERS IS TO CONVERT UNREGULATED VOLTAGE INTO REGULATED VOLTAGE 85
6.5 CONTROLLERS 86
6.5.1 CONTROLLERS PROVIDE INTELLIGENT CONTROL AND MONITOR OPERATIONAL PARAMETERS OF TEMECOM POEWR SYSTEMS 86
6.6 HEAT MANAGEMENT SYSTEMS 86
6.6.1 HEAT MANAGEMENT SYSTEMS OFFER INCLUDE HEAT EXCHANGE, DIRECT VENTILATION, THERMOELECTRIC COOLING, AND DC-POWERED AIR CONDITIONING 86
6.7 GENERATORS 87
6.7.1 GENERATORS PROVIDE RELIABILITY AND LONG HOURS OF USE IN REMOTE LOCATIONS WITHOUT COMPROMISING PERFORMANCE 87
6.8 OTHERS 87
6.8.1 POWER DISTRIBUTION UNITS 87
6.8.2 BATTERIES 88
6.8.3 SOLAR OR PV CELLS 88
6.8.4 WIND TURBINES 88
6.8.5 SURGE PROTECTION DEVICES 89
6.8.6 CIRCUIT BREAKERS 89
7 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 91
7.1 INTRODUCTION 92
FIGURE 36 TELECOM POWER SYSTEM FOR OFF-GRID TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 16 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2018–2021 (USD MILLION) 92
TABLE 17 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2022–2027 (USD MILLION) 92
 
7.2 ON-GRID 93
7.2.1 ON-GRID-CONNECTED TELECOM POWER SYSTEMS HAVE LOWER ENVIRONMENTAL IMPACT 93
TABLE 18 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2018–2021 (USD MILLION) 93
TABLE 19 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2022–2027 (USD MILLION) 93
7.3 OFF-GRID 94
7.3.1 OFF-GRID-CONNECTED TELECOM POWER SYSTEMS ARE EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 94
TABLE 20 TELECOM POWER SYSTEM MARKET FOR OFF-GRID, BY REGION,
2018–2021 (USD MILLION) 94
TABLE 21 TELECOM POWER SYSTEM MARKET FOR OFF-GRID BY REGION,
2022–2027 (USD MILLION) 95
7.4 BAD GRID 95
7.4.1 BAD GRID-CONNECTED TELECOM POWER SYSTEMS ARE MAINLY USED IN DEVELOPING ECONOMIES SUCH AS INDIA, BRAZIL, AND AFRICAN COUNTRIES 95
TABLE 22 TELECOM POWER SYSTEM MARKET FOR BAD GRID, BY REGION,
2018–2021 (USD MILLION) 96
TABLE 23 TELECOM POWER SYSTEM MARKET FOR BAD GRID BY REGION,
2022–2027 (USD MILLION) 96
8 TELECOM POWER SYSTEM MARKET, BY POWER RATING 97
8.1 INTRODUCTION 98
FIGURE 37 TELECOM POWER SYSTEMS WITH BELOW 10 KW POWER RATING TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 24 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (USD MILLION) 98
TABLE 25 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (USD MILLION) 99
TABLE 26 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (THOUSAND UNITS) 99
TABLE 27 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (THOUSAND UNITS) 99
8.2 BELOW 10 KW 100
8.2.1 TELECOM POWER SYSTEMS BELOW 10 KW ARE MAINLY USED IN CELL TOWERS, BTS, AND BASE STATIONS FOR TELECOM TOWERS 100
8.3 10–20 KW 100
8.3.1 POWER SYSTEMS OF 10–20 KW RATING ARE PRIMARILY USED IN
5G TOWERS AND RECTIFIER MODULES 100
8.4 ABOVE 20 KW 100
8.4.1 POWER SYSTEMS ABOVE 20 KW ARE MAINLY USED IN ACCESS NETWORKS, DATA CENTERS, AND INDOOR POWER SYSTEMS 100
 
9 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 101
9.1 INTRODUCTION 102
FIGURE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL-SOLAR POWER SOURCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 28 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2018–2021 (USD MILLION) 102
TABLE 29 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2022–2027 (USD MILLION) 103
9.2 DIESEL–BATTERY POWER SOURCE 103
9.2.1 DIESEL–BATTERY POWER SOURCE IS MOST COMMON POWER SOURCE USED FOR TELECOM POWER SYSTEMS 103
TABLE 30 ADVANTAGES OF DIESEL–BATTERY POWER SOURCE 103
TABLE 31 DISADVANTAGES OF DIESEL–BATTERY POWER SOURCE 104
TABLE 32 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE BY REGION, 2022–2027 (USD MILLION) 105
TABLE 34 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 105
TABLE 35 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 105
TABLE 36 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 37 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 39 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 40 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 41 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 107
9.3 DIESEL–SOLAR POWER SOURCE 108
9.3.1 DIESEL–SOLAR POWER SOURCE IS DESIGNED TO USE IN MORE REMOTE CELLULAR BASE STATIONS 108
TABLE 42 ADVANTAGES OF DIESEL–SOLAR POWER SOURCE 108
TABLE 43 DISADVANTAGES OF DIESEL–SOLAR POWER SOURCE 109
TABLE 44 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 45 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 110
TABLE 46 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 47 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 48 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 49 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 50 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 51 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 52 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 53 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 112
9.4 DIESEL–WIND POWER SOURCE 113
9.4.1 DIESEL–WIND POWER SYSTEMS ARE WELL SUITED IN BAD-GRID AND OFF-GRID AREAS 113
TABLE 54 ADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 55 DISADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 56 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 114
TABLE 57 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 114
TABLE 58 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 114
TABLE 59 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 60 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 61 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 62 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 63 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 64 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 65 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 117
9.5 MULTIPLE POWER SOURCES (DIESEL/SOLAR/WIND/BATTERY/BIOMASS) 117
9.5.1 MULTIPLE POWER SOURCES ENABLE COST-EFFECTIVE WAY OF GENERATING ELECTRICITY 117
TABLE 66 ADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 67 DISADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 68 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 69 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2022–2027 (USD MILLION) 119
TABLE 70 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 71 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 72 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 73 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 74 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 75 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 76 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 77 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2022–2027 (USD MILLION) 121
10 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY 122
10.1 INTRODUCTION 123
FIGURE 39 DC POWER SYSTEMS TO HOLD LARGER SHARE OF TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 123
TABLE 78 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION) 123
TABLE 79 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION) 123
10.2 AC POWER SYSTEMS 124
10.2.1 AC POWER SYSTEMS ARE MAINLY USED FOR TESTING RF AMPLIFIERS, SATELLITES, AND DATA CENTERS 124
10.3 DC POWER SYSTEMS 124
10.3.1 DC POWER SYSTEMS ARE MAINLY USED IN TELECOM POWER SYSTEMS 124
11 GEOGRAPHIC ANALYSIS 125
11.1 INTRODUCTION 126
FIGURE 40 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 80 TELECOM POWER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION) 126
TABLE 81 TELECOM POWER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION) 127
11.2 NORTH AMERICA 127
FIGURE 41 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN NORTH AMERICA 128
TABLE 82 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 128
TABLE 83 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 84 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 129
TABLE 85 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 129
 
11.2.1 US 129
11.2.1.1 US held largest size of North American market in 2021 129
TABLE 86 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2018–2021 (USD MILLION) 130
TABLE 87 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2022–2027 (USD MILLION) 130
11.2.2 CANADA 131
11.2.2.1 Demand for telecom power systems in Canada is primarily driven by development of telecom infrastructure in rural areas 131
TABLE 88 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2018–2021 (USD MILLION) 131
TABLE 89 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2022–2027 (USD MILLION) 131
11.2.3 MEXICO 132
11.2.3.1 Mexico is estimated to be fastest-growing market in North America during forecast period 132
TABLE 90 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2018–2021 (USD MILLION) 132
TABLE 91 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2022–2027 (USD MILLION) 132
11.3 EUROPE 133
FIGURE 42 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN EUROPE 134
TABLE 92 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 134
TABLE 93 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 135
TABLE 94 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2018–2021 (USD MILLION) 135
TABLE 95 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2022–2027 (USD MILLION) 135
11.3.1 UK 136
11.3.1.1 UK is expected to be fastest-growing market in Europe during forecast period 136
TABLE 96 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2018–2021 (USD MILLION) 136
TABLE 97 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2022–2027 (USD MILLION) 136
11.3.2 GERMANY 137
11.3.2.1 Germany held largest share of telecom power system market in Europe in 2021 137
TABLE 98 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2018–2021 (USD MILLION) 137
TABLE 99 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2022–2027 (USD MILLION) 137
 
11.3.3 FRANCE 138
11.3.3.1 Expected introduction of upcoming 5G technology provides significant investment opportunities for leading telecom power system providers in France 138
TABLE 100 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2018–2021 (USD MILLION) 138
TABLE 101 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2022–2027 (USD MILLION) 138
11.3.4 SPAIN 139
11.3.4.1 Spain has developed telecommunication services with various new technologies and innovation trends 139
TABLE 102 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2018–2021 (USD MILLION) 139
TABLE 103 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2022–2027 (USD MILLION) 139
11.3.5 REST OF EUROPE 140
TABLE 104 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2018–2021 (USD MILLION) 140
TABLE 105 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2022–2027 (USD MILLION) 140
11.4 APAC 140
FIGURE 43 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN APAC 141
TABLE 106 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 142
TABLE 107 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 142
TABLE 108 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2018–2021 (USD MILLION) 142
TABLE 109 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2022–2027 (USD MILLION) 143
11.4.1 CHINA 143
11.4.1.1 China held largest share of telecom power system market in APAC
in 2021 143
TABLE 110 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2018–2021 (USD MILLION) 144
TABLE 111 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2022–2027 (USD MILLION) 144
11.4.2 JAPAN 144
11.4.2.1 Development and deployment of advanced telecom network infrastructures present opportunities for telecom power system providers in Japan 144
TABLE 112 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2018–2021 (USD MILLION) 145
TABLE 113 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2022–2027 (USD MILLION) 145
 
11.4.3 SOUTH KOREA 145
11.4.3.1 South Korea is among leaders in terms of development of telecom networks 145
TABLE 114 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2018–2021 (USD MILLION) 146
TABLE 115 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2022–2027 (USD MILLION) 146
11.4.4 INDIA 146
11.4.4.1 India is expected to be fastest-growing market during forecast period 146
TABLE 116 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2018–2021 (USD MILLION) 147
TABLE 117 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2022–2027 (USD MILLION) 147
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Technological advancements and telecom infrastructure developments propel growth of telecom power system market 148
TABLE 118 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2018–2021 (USD MILLION) 148
TABLE 119 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2022–2027 (USD MILLION) 148
11.4.6 REST OF APAC 149
TABLE 120 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2018–2021 (USD MILLION) 149
TABLE 121 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2022–2027 (USD MILLION) 149
11.5 ROW 150
TABLE 122 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 150
TABLE 123 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 150
TABLE 124 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2018–2021 (USD MILLION) 150
TABLE 125 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2022–2027 (USD MILLION) 151
11.5.1 MIDDLE EAST AND AFRICA 151
11.5.1.1 Middle East and Africa are expected to witness higher growth of market in RoW during forecast period 151
TABLE 126 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2018–2021 (USD MILLION) 152
TABLE 127 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2022–2027 (USD MILLION) 152
11.5.2 SOUTH AMERICA 152
11.5.2.1 Deployment of telecom infrastructures in rural areas propels growth of market in South America 152
TABLE 128 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 153
TABLE 129 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 153
12 COMPETITIVE LANDSCAPE 154
12.1 OVERVIEW 154
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 154
TABLE 130 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 154
12.2.1 PRODUCT PORTFOLIO 156
12.2.2 REGIONAL FOCUS 156
12.2.3 MANUFACTURING FOOTPRINT 156
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 156
12.3 MARKET SHARE ANALYSIS: TELECOM POWER SYSTEM MARKET, 2021 157
TABLE 131 TELECOM POWER SYSTEM MARKET: DEGREE OF COMPETITION, 2021 157
12.4 5-YEAR COMPANY REVENUE ANALYSIS 158
FIGURE 44 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN TELECOM POWER SYSTEM MARKET 158
12.5 COMPANY EVALUATION QUADRANT 158
12.5.1 STAR 158
12.5.2 EMERGING LEADER 158
12.5.3 PERVASIVE 159
12.5.4 PARTICIPANT 159
FIGURE 45 TELECOM POWER SYSTEM COMPANY EVALUATION QUADRANT, 2021 159
12.5.5 COMPANY FOOTPRINT 160
TABLE 132 OVERALL COMPANY FOOTPRINT 160
TABLE 133 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS POWER SOURCES 161
TABLE 134 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS COMPONENTS 162
TABLE 135 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS 163
12.6 START-UP/SME EVALUATION MATRIX 164
TABLE 136 LIST OF START-UPS IN TELECOM POWER SYSTEM MARKET 164
12.6.1 PROGRESSIVE COMPANIES 165
12.6.2 RESPONSIVE COMPANIES 165
12.6.3 DYNAMIC COMPANIES 165
12.6.4 STARTING BLOCKS 165
FIGURE 46 TELECOM POWER SYSTEM MARKET, STARTUP/SME EVALUATION MATRIX, 2021 166
12.7 COMPETITIVE SITUATIONS AND TRENDS 167
12.7.1 PRODUCT LAUNCHES 167
TABLE 137 PRODUCT LAUNCHES, 2020–2022 167
12.7.2 DEALS 173
TABLE 138 DEALS, 2020–2022 173
 
13 COMPANY PROFILES 175
13.1 INTRODUCTION 175
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
13.2 KEY PLAYERS 175
13.2.1 EATON 175
TABLE 139 EATON: COMPANY SNAPSHOT 176
FIGURE 47 EATON: COMPANY SNAPSHOT 176
13.2.2 HUAWEI TECHNOLOGIES 182
TABLE 140 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 182
FIGURE 48 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 183
13.2.3 CUMMINS 188
TABLE 141 CUMMINS: COMPANY SNAPSHOT 188
FIGURE 49 CUMMINS: COMPANY SNAPSHOT 189
13.2.4 ZTE CORPORATION 192
TABLE 142 ZTE CORPORATION: COMPANY SNAPSHOT 192
FIGURE 50 ZTE CORPORATION: COMPANY SNAPSHOT 193
13.2.5 GENERAL ELECTRIC 197
TABLE 143 GENERAL ELECTRIC: COMPANY SNAPSHOT 197
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 198
13.2.6 SCHNEIDER ELECTRIC 201
TABLE 144 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 201
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
13.2.7 ALPHA TECHNOLOGIES 205
TABLE 145 ALPHA TECHNOLOGIES: COMPANY SNAPSHOT 205
13.2.8 DELTA ELECTRONICS 207
TABLE 146 DELTA ELECTRONICS: COMPANY SNAPSHOT 207
FIGURE 53 DELTA ELECTRONICS: COMPANY SNAPSHOT 208
13.2.9 ABB 210
TABLE 147 ABB: COMPANY SNAPSHOT 210
FIGURE 54 ABB: COMPANY SNAPSHOT 211
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 214
13.3.1 ASCOT INDUSTRIAL 214
TABLE 148 ASCOT INDUSTRIAL: COMPANY SNAPSHOT 214
13.3.2 UNIPOWER 215
TABLE 149 UNIPOWER: COMPANY SNAPSHOT 215
13.3.3 DYNAMIC POWER GROUP 216
TABLE 150 DYNAMIC POWER GROUP: COMPANY SNAPSHOT 216
13.3.4 EFORE 217
TABLE 151 EFORE: COMPANY SNAPSHOT 217
13.3.5 HANGZHOU ZHONGHENG POWER ENERGY 217
TABLE 152 HANGZHOU ZHONHENG POWER ENERGY: COMPANY SNAPSHOT 217
13.3.6 MYERS POWER PRODUCTS 218
TABLE 153 MYERS POWER PRODUCTS: COMPANY SNAPSHOT 218
13.3.7 STATICON 219
TABLE 154 STATICON: COMPANY SNAPSHOT 219
13.3.8 VERTIV GROUP 220
TABLE 155 VERTIV GROUP: COMPANY SNAPSHOT 220
13.3.9 VOLTSERVER 221
TABLE 156 VOLTSERVER: COMPANY SNAPSHOT 221
13.3.10 JMA WIRELESS 221
TABLE 157 JMA WIRELESS: COMPANY SNAPSHOT 221
13.3.11 CORNING INCORPORATED 222
TABLE 158 CORNING INCORPORATED: COMPANY SNAPSHOT 222
14 APPENDIX 223
14.1 DISCUSSION GUIDE 223
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 226
14.3 AVAILABLE CUSTOMIZATION 228
14.4 RELATED REPORTS 228
14.5 AUTHOR DETAILS 229

Smart Lock Market with COVID-19 Impact by Lock Type (Deadbolt Locks, Lever Handles), Communication Protocol (Bluetooth, WiFi), Unlocking Mechanism (Ke...

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION AND SCOPE 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY 27
1.5 MARKET STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMART LOCK MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 30
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Primary Expert Interviews 31
2.1.2.2 Key data from primary sources 32
2.1.2.3 Key industry insights 32
2.1.2.4 Breakdown of primaries 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 2 PROCESS FLOW 35
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach for calculating market share through bottom-up analysis (demand side) 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach for calculating market share through top-down analysis (supply side) 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3 MARKET RANKING ESTIMATION 37
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 RESEARCH ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
FIGURE 6 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 7 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 8 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 42
FIGURE 9 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 10 SMART LOCK MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN
2022 AND 2027 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN SMART LOCK MARKET 44
FIGURE 11 RISING DEMAND FOR INTERNET-BASED SECURITY SOLUTIONS TO DRIVE GROWTH OF SMART LOCK MARKET 44
4.2 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 44
FIGURE 12 US AND RESIDENTIAL VERTICAL TO DOMINATE NORTH AMERICAN SMART LOCK MARKET DURING FORECAST PERIOD 44
4.3 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE 45
FIGURE 13 SMART LOCK MARKET FOR DEADBOLT LOCKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 45
4.4 SMART LOCK MARKET, BY COUNTRY 45
FIGURE 14 CHINA TO ACCOUNT FOR HIGHEST GROWTH RATE IN GLOBAL SMART LOCK MARKET IN 2022 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 15 SMART LOCK MARKET DYNAMICS 46
FIGURE 16 DRIVERS AND THEIR IMPACT ON SMART LOCK MARKET 47
FIGURE 17 OPPORTUNITIES AND THEIR IMPACT ON SMART LOCK MARKET 48
FIGURE 18 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON SMART LOCK MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Growing security concerns 49
5.2.1.2 Enhanced features compared with traditional lock systems 50
5.2.1.3 Rising adoption of smartphones and other connected devices 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost and perception of unreliability 50
5.2.2.2 Lack of awareness among customers 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Increasing adoption of IoT-based security systems 51
5.2.3.2 Rapid urbanization in emerging nations 51
5.2.3.3 Global proliferation of smart cities 52
5.2.4 CHALLENGES 52
5.2.4.1 Risk of cyberattacks through smart devices and IoT-enabled devices 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY RAW MATERIAL SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS 53
5.4 SMART LOCK MARKET ECOSYSTEM 54
FIGURE 20 SMART LOCK MARKET ECOSYSTEM 54
6 SMART LOCK MARKET, BY LOCK TYPE 55
6.1 INTRODUCTION 56
FIGURE 21 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
TABLE 1 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (USD MILLION) 56
TABLE 2 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (USD MILLION) 57
TABLE 3 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (MILLION UNITS) 57
TABLE 4 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (MILLION UNITS) 58
6.2 DEADBOLT LOCKS 58
6.2.1 INCREASING DEPLOYMENT OF DEADBOLT LOCKS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 58
FIGURE 22 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART LOCK MARKET FOR DEADBOLTS DURING FORECAST PERIOD 59
TABLE 5 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 59
TABLE 6 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 59
6.3 LEVER HANDLES 60
6.3.1 CONVENIENT STRUCTURE AND THEIR COMPLIANCE WITH US DISABILITIES ACT 1990 TO FUEL DEMAND FOR LEVER HANDLES 60
TABLE 7 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2018–2021 (USD MILLION) 60
TABLE 8 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2022–2027 (USD MILLION) 60
6.4 SERVER LOCKS AND LATCHES 61
6.4.1 RISING CONCERNS REGARDING CYBERATTACKS TO FUEL DEMAND FOR SERVER LOCKS AND LATCHES 61
TABLE 9 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2018–2021 (USD MILLION) 61
TABLE 10 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2022–2027 (USD MILLION) 61
6.5 KNOB LOCKS 62
6.5.1 GROWING USE OF KNOB LOCKS WITH DEADBOLTS ON EXTERIOR DOORS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 62
TABLE 11 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 62
TABLE 12 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 62
6.6 OTHERS 63
TABLE 13 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2018–2021 (USD MILLION) 63
TABLE 14 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2022–2027 (USD MILLION) 63
7 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL 64
7.1 INTRODUCTION 65
FIGURE 23 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 65
TABLE 15 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2018–2021 (USD MILLION) 65
TABLE 16 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2022–2027 (USD MILLION) 66
7.2 WI-FI 66
7.2.1 CONNECTIVITY BENEFITS OFFERED BY WI-FI TO DRIVE MARKET GROWTH 66
7.3 BLUETOOTH 67
7.3.1 WIDE RANGE, LOW POWER CONSUMPTION, AND HIGH RELIABILITY AND BANDWIDTH FEATURES TO FUEL MARKET GROWTH 67
7.4 Z-WAVE 67
7.4.1 GROWING POPULARITY OF RELIABILITY AND HIGH-SPEED FEATURES OF Z-WAVE TO DRIVE MARKET GROWTH 67
7.5 OTHERS 67
7.5.1 ZIGBEE 67
7.5.2 THREAD 67
7.5.3 NFC 67
8 SMART LOCK MARKET, BY UNLOCKING MECHANISM 68
8.1 INTRODUCTION 69
FIGURE 24 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 69
TABLE 17 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2018–2021 (USD MILLION) 69
TABLE 18 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2022–2027 (USD MILLION) 70
8.2 KEYPAD 70
8.2.1 INTEGRATION OF KEYPADS WITH ACCESS CONTROL SYSTEMS TO DRIVE MARKET GROWTH 70
8.3 CARD KEY 71
8.3.1 GROWING USE OF RADIO FREQUENCY IDENTIFICATION (RFID) MAGNETIC DOOR LOCKS IN COMMERCIAL OFFICE BUILDINGS TO DRIVE MARKET GROWTH 71
8.3.1.1 Low frequency 71
8.3.1.2 High frequency 71
8.3.1.3 Ultra-high frequency 71
 
8.4 TOUCH BASED 72
8.4.1 GROWING ADOPTION OF AUTOMATED FINGERPRINT IDENTIFICATION SYSTEMS (AFISS) TO FUEL DEMAND FOR FINGERPRINT RECOGNITION SOLUTIONS USED IN SMART LOCK MECHANISM 72
8.5 KEY FOBS 73
8.5.1 RISE IN REPLACEMENT OF OLD METAL KEY SYSTEMS WITH ELECTRONIC FOB SYSTEMS TO DRIVE MARKET GROWTH 73
8.6 SMARTPHONE BASED 73
8.6.1 GROWING ADOPTION OF SMART HOMES TO INCREASE DEMAND FOR SMARTPHONE-BASED DOOR LOCKING SYSTEMS 73
9 SMART LOCK MARKET, BY VERTICAL 74
9.1 INTRODUCTION 75
FIGURE 25 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 75
TABLE 19 SMART LOCK MARKET, BY VERTICAL, 2018–2021 (USD MILLION) 75
TABLE 20 SMART LOCK MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 76
9.2 COMMERCIAL 76
9.2.1 HOSPITALITY 76
9.2.1.1 Increasing adoption of smart locks in hotels, vacation rental properties, resorts, casinos, and cruise ships to boost market growth 76
9.2.2 RETAIL STORES AND MALLS 77
9.2.2.1 Retail stores and malls segment to witness healthy growth in smart lock market 77
9.2.3 HEALTHCARE 77
9.2.3.1 Growing use of smart locks in healthcare sector to ensure access only to authorized users to boost market growth 77
9.2.4 BANKS AND FINANCIAL CENTRES 77
9.2.4.1 Increasing trend of biometric and multifactor authentication in banking and financial institutions to drive market growth 77
9.2.5 ENTERPRISES AND DATA CENTRES 78
9.2.5.1 Rising demand for security smart cards and biometric access systems to prevent minor security risks in enterprises to drive market growth 78
TABLE 21 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2018–2021 (USD MILLION) 78
TABLE 22 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2022–2027 (USD MILLION) 78
TABLE 23 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 79
TABLE 24 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 79
TABLE 25 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 79
TABLE 26 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 27 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 80
TABLE 28 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 29 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 81
TABLE 30 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 81
TABLE 31 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 32 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 33 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 82
TABLE 34 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 82
9.3 RESIDENTIAL 83
9.3.1 CONDOMINIUM 83
9.3.1.1 Growing use of smart locks in condominiums or multi-family apartments to prevent invasion, unauthorized access, theft, and burglary to drive market growth 83
9.3.2 INDIVIDUAL HOUSES 83
9.3.2.1 Rising adoption of smart locks by individual house owners to ensure security and safety to drive market growth 83
FIGURE 26 CONDOMINIUM SEGMENT TO HOLD LARGER SHARE OF SMART LOCK MARKET FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 83
TABLE 35 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2018–2021 (USD MILLION) 84
TABLE 36 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2022–2027 (USD MILLION) 84
FIGURE 27 APAC TO REGISTER HIGHEST CAGR IN SMART LOCK FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 84
TABLE 37 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 85
TABLE 38 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 85
TABLE 39 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 85
TABLE 40 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 41 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 86
TABLE 42 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 43 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 87
TABLE 44 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 87
TABLE 45 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 87
TABLE 46 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 88
TABLE 47 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 88
TABLE 48 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 88
9.4 INSTITUTIONAL & GOVERNMENT 89
9.4.1 INCREASING DEMAND FOR SMART LOCKS IN GOVERNMENT VERTICAL TO RESTRICT UNAUTHORIZED ENTRIES TO DRIVE MARKET GROWTH 89
TABLE 49 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 89
TABLE 50 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 89
TABLE 51 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 52 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 90
TABLE 53 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 54 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 55 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 56 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 57 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 58 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 59 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 92
TABLE 60 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 93
9.5 TRANSPORTATION & LOGISTICS 93
9.5.1 RISING ADOPTION OF BIOMETRICS-BASED ACCESS CONTROL USING SMART LOCKS BY AIRPORT OPERATORS TO DRIVE MARKET GROWTH 93
TABLE 61 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 93
TABLE 62 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 94
TABLE 63 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 64 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 94
TABLE 65 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 66 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 67 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 68 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 69 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 96
TABLE 70 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 96
TABLE 71 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 97
TABLE 72 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 97
9.6 INDUSTRIAL 98
9.6.1 MANUFACTURING 98
9.6.1.1 Increased need for protecting people and properties across manufacturing sites to create growth opportunities for market players 98
9.6.2 OIL & GAS 98
9.6.2.1 Ability of smart locks to provide suitable and enhanced security to fuel their demand in oil & gas vertical 98
9.6.3 ENERGY & POWER 98
9.6.3.1 Rising demand for smart locks in energy and power vertical to prevent unauthorized access to drive market growth 98
TABLE 73 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2018–2021 (USD MILLION) 98
TABLE 74 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2022–2027 (USD MILLION) 99
TABLE 75 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 99
TABLE 76 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 99
TABLE 77 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 78 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 79 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 80 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 81 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 101
TABLE 82 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 83 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 102
TABLE 84 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 102
TABLE 85 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 102
TABLE 86 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 103
10 SMART LOCK MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 28 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 87 SMART LOCK MARKET, BY REGION, 2018–2021 (USD MILLION) 105
TABLE 88 SMART LOCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106
10.2 NORTH AMERICA 106
FIGURE 29 NORTH AMERICA MARKET SNAPSHOT 107
TABLE 89 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 107
TABLE 90 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 108
TABLE 91 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 108
TABLE 92 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 108
TABLE 93 SMART LOCK MARKET IN US, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 94 SMART LOCK MARKET IN US, BY VERTICAL, 2022–2027 (USD MILLION) 109
TABLE 95 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 96 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2022–2027 (USD MILLION) 110
TABLE 97 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2018–2021 (USD MILLION) 110
TABLE 98 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2022–2027 (USD MILLION) 110
10.2.1 US 111
10.2.1.1 US to hold largest share of North American smart lock market 111
10.2.2 CANADA 111
10.2.2.1 Growing awareness regarding internet-based safety and security to drive growth of smart lock market in Canada 111
10.2.3 MEXICO 111
10.2.3.1 Mexico to be lucrative market for smart locks 111
10.3 EUROPE 111
FIGURE 30 EUROPE MARKET SNAPSHOT 112
TABLE 99 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 112
TABLE 100 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 113
TABLE 101 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION) 113
TABLE 102 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION) 113
TABLE 103 SMART LOCK MARKET IN UK, BY VERTICAL, 2018–2021 (USD MILLION) 114
TABLE 104 SMART LOCK MARKET IN UK, BY VERTICAL, 2022–2027 (USD MILLION) 114
TABLE 105 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2018–2021 (USD MILLION) 114
TABLE 106 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2022–2027 (USD MILLION) 115
TABLE 107 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 108 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2022–2027 (USD MILLION) 115
TABLE 109 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 116
TABLE 110 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 116
10.3.1 UK 116
10.3.1.1 Decline in cost of mobile broadband connection and increasing adoption of cloud infrastructure to boost demand for smart locks in UK 116
10.3.2 GERMANY 117
10.3.2.1 Growing adoption of internet-based security systems in various applications to drive market growth in Germany 117
10.3.3 FRANCE 117
10.3.3.1 Growing awareness regarding internet-based home security solutions and rising adoption of wireless portable consumer electronics to drive market growth in France 117
10.3.4 REST OF EUROPE 117
10.4 APAC 117
FIGURE 31 APAC MARKET SNAPSHOT 118
FIGURE 32 CHINA TO HOLD LARGEST SHARE OF APAC SMART LOCK MARKET DURING FORECAST PERIOD 119
TABLE 111 SMART LOCK MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 112 SMART LOCK MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 113 SMART LOCK MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 114 SMART LOCK MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION) 120
TABLE 115 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 116 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 117 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2018–2021 (USD MILLION) 121
TABLE 118 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 119 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2018–2021 (USD MILLION) 122
TABLE 120 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2022–2027 (USD MILLION) 122
TABLE 121 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2018–2021 (USD MILLION) 122
TABLE 122 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 123 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2018–2021 (USD MILLION) 123
TABLE 124 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2022–2027 (USD MILLION) 123
10.4.1 CHINA 124
10.4.1.1 Increasing industrialization to fuel demand for smart lock systems in China 124
10.4.2 JAPAN 124
10.4.2.1 Rapid industrialization and modernization to create lucrative opportunities for market players in Japan 124
10.4.3 SOUTH KOREA 124
10.4.3.1 Rising demand for remotely managed and connected security devices to drive market growth in South Korea 124
10.4.4 INDIA 125
10.4.4.1 Rise in terrorist activities, crime rate, and data and security breaches to fuel demand for security and safety systems 125
10.4.5 REST OF APAC 125
10.5 ROW 125
TABLE 125 SMART LOCK MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 126 SMART LOCK MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION) 126
TABLE 127 SMART LOCK MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION) 126
TABLE 128 SMART LOCK MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION) 126
TABLE 129 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 130 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2022–2027 (USD MILLION) 127
TABLE 131 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 132 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 128
10.5.1 MIDDLE EAST & AFRICA 128
10.5.1.1 Rising urbanization and increased adoption of IoT-based solutions to boost market growth 128
10.5.2 SOUTH AMERICA 128
10.5.2.1 Growing industrialization to create lucrative opportunities for players in South American market 128
11 COMPETITIVE LANDSCAPE 129
11.1 OVERVIEW 129
11.2 MARKET EVALUATION FRAMEWORK 129
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SMART LOCK PROVIDERS 129
11.2.1 PRODUCT PORTFOLIO 130
11.2.2 REGIONAL FOCUS 130
11.2.3 MANUFACTURING FOOTPRINT 130
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 130
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2017–2021) 130
FIGURE 33 5-YEAR REVENUE ANALYSIS OF LEADING PLAYERS IN SMART LOCK MARKET 130
11.4 MARKET SHARE ANALYSIS: SMART LOCK MARKET, 2021 131
TABLE 134 DEGREE OF COMPETITION 131
11.5 COMPANY EVALUATION MATRIX 132
11.5.1 STAR 132
11.5.2 EMERGING LEADER 132
11.5.3 PERVASIVE 132
11.5.4 PARTICIPANT 132
FIGURE 34 COMPANY EVALUATION MATRIX, 2021 133
11.6 COMPETITIVE SITUATIONS AND TRENDS 134
11.6.1 PRODUCT LAUNCHES 134
TABLE 135 PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2021 134
11.6.2 DEALS 135
TABLE 136 DEALS, JANUARY 2020–FEBRUARY 2022 135
12 COMPANY PROFILES 139
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 139
12.2 KEY PLAYERS 139
12.2.1 ASSA ABLOY 139
TABLE 137 ASSA ABLOY: BUSINESS OVERVIEW 139
FIGURE 35 ASSA ABLOY: COMPANY SNAPSHOT 140
TABLE 138 ASSA ABLOY: PRODUCT/SOLUTION/SERVICE OFFERINGS 141
TABLE 139 ASSA ABLOY: DEALS 141
12.2.2 DORMAKABA 144
TABLE 140 DORMAKBA: BUSINESS OVERVIEW 144
FIGURE 36 DORMAKABA: COMPANY SNAPSHOT 145
TABLE 141 DORMAKABA: PRODUCT/SOLUTION/SERVICE OFFERINGS 145
TABLE 142 DORMAKABA: DEALS 146
TABLE 143 DORMAKABA: OTHERS 147
12.2.3 SPECTRUM BRANDS 148
TABLE 144 SPECTRUM BRANDS: BUSINESS OVERVIEW 148
FIGURE 37 SPECTRUM BRANDS: COMPANY SNAPSHOT 149
TABLE 145 SPECTRUM BRANDS: PRODUCT/SOLUTION/SERVICE OFFERINGS 149
TABLE 146 SPECTRUM BRANDS: PRODUCT LAUNCHES 150
12.2.4 SALTO SYSTEMS 152
TABLE 147 SALTO SYSTEMS: BUSINESS OVERVIEW 152
TABLE 148 SALTO SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 152
TABLE 149 SALTO SYSTEMS: PRODUCT LAUNCHES 153
TABLE 150 SALTO SYSTEMS: DEALS 153
TABLE 151 SALTO SYSTEMS: OTHERS 154
12.2.5 ALLEGION 155
TABLE 152 ALLEGION: BUSINESS OVERVIEW 155
FIGURE 38 ALLEGION: COMPANY SNAPSHOT 155
TABLE 153 ALLEGION: PRODUCT/SOLUTION/SERVICE OFFERINGS 156
TABLE 154 ALLEGION: PRODUCT LAUNCHES 156
TABLE 155 ALLEGION: DEALS 157
12.2.6 HONEYWELL 159
TABLE 156 HONEYWELL: BUSINESS OVERVIEW 159
FIGURE 39 HONEYWELL: COMPANY SNAPSHOT 160
TABLE 157 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 160
12.2.7 DAHUA TECHNOLOGY 161
TABLE 158 DAHUA TECHNOLOGY: BUSINESS OVERVIEW 161
FIGURE 40 DAHUA TECHNOLOGY: COMPANY SNAPSHOT 162
TABLE 159 DAHUA TECHNOLOGY: PRODUCT/SOLUTION/SERVICE OFFERINGS 163
TABLE 160 DAHUA TECHNOLOGY: PRODUCT LAUNCHES 163
12.2.8 SAMSUNG 164
TABLE 161 SAMSUNG: BUSINESS OVERVIEW 164
FIGURE 41 SAMSUNG: COMPANY SNAPSHOT 165
TABLE 162 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 165
TABLE 163 SAMSUNG: OTHERS 166
12.2.9 VIVINT 167
TABLE 164 VIVINT: BUSINESS OVERVIEW 167
FIGURE 42 VIVINT: COMPANY SNAPSHOT 167
TABLE 165 VIVINT: PRODUCT/SOLUTION/SERVICE OFFERINGS 168
TABLE 166 VIVINT: DEALS 168
12.2.10 ZKTECO 169
TABLE 167 ZKTECO: BUSINESS OVERVIEW 169
TABLE 168 ZKTECO: PRODUCT/SOLUTION/SERVICE OFFERINGS 169
TABLE 169 ZKTECO: DEALS 170
12.3 OTHER KEY PLAYERS 171
12.3.1 IGLOOCOMPANY 171
12.3.2 REMOTELOCK 172
12.3.3 ONITY 172
12.3.4 MASTER LOCK 173
12.3.5 MIWA LOCK 174
12.3.6 SENTRILOCK 175
12.3.7 AVENT SECURITY 175
12.3.8 HAVENLOCK 177
12.3.9 SHENZHEN VIANS ELECTRONIC LOCK 178
12.3.10 ANVIZ GLOBAL 178
12.3.11 CANDY HOUSE 179
12.3.12 AMADAS 179
12.3.13 KEYWE 180
12.3.14 GATE LABS 180
12.3.15 DESSMANN SCHLIESSANLAGEN 181
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
13 APPENDIX 182
13.1 DISCUSSION GUIDE 182
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
13.3 AVAILABLE CUSTOMIZATIONS 187
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188