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Hearth Market with COVID-19 Impact Analysis by Fuel Type (Wood, Electricity, Gas, Pellet), Product (Fireplace, Insert, Stove), Placement, Design, Appl...

by Fuel Type (Wood, Electricity, Gas, Pellet), Product (Fireplace, Insert, Stove), Placement, Design, Application, Fireplace Type, Vent Availability, Ignition Type, Material, and Region

Publisher:        MarketsandMarkets

# of Pages:        190

Rating: 

1 User License $4,950

Publication Date:  November, 2020

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                25

1.1          STUDY OBJECTIVES          25

1.2          MARKET DEFINITION      25

1.2.1      INCLUSIONS AND EXCLUSIONS  26

1.3          STUDY SCOPE    27

1.3.1      MARKETS COVERED        27

FIGURE 1             HEARTH MARKET SEGMENTATION           27

1.3.2      GEOGRAPHIC SCOPE      28

1.3.3      YEARS CONSIDERED        28

1.4          CURRENCY          29

1.5          MARKET STAKEHOLDERS              29

1.6          SUMMARY OF CHANGES              29

2              RESEARCH METHODOLOGY         30

2.1          RESEARCH DATA               30

FIGURE 2             HEARTH MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION              30

FIGURE 3             HEARTH MARKET: RESEARCH DESIGN     31

2.1.1      SECONDARY DATA           31

2.1.1.1   KEY DATA FROM SECONDARY SOURCES 32

2.1.2      PRIMARY DATA 32

2.1.2.1   BREAKDOWN OF PRIMARIES      33

2.1.2.2   KEY DATA FROM PRIMARY SOURCES       34

2.1.2.3   KEY INDUSTRY INSIGHTS               35

2.1.3      SECONDARY AND PRIMARY RESEARCH   35

2.2          MARKET SIZE ESTIMATION          36

FIGURE 4             MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY SIDE ANALYSIS        36

FIGURE 5             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/ SERVICES OFFERED IN HEARTH MARKET     37

FIGURE 6             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 BOTTOM-UP (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION OF COMPANIES BASED ON SALES              38

FIGURE 7             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3—BOTTOM-UP ESTIMATION OF SIZE OF HEARTH MARKET, BY FUEL TYPE (ELECTRICITY)     38

2.2.1      BOTTOM-UP APPROACH              39

2.2.1.1   APPROACH USED TO ARRIVE AT MARKET SIZE USING BOTTOM-UP ANALYSIS      39

FIGURE 8             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    39

2.2.2      TOP-DOWN APPROACH                40

2.2.2.1   APPROACH USED TO ARRIVE AT MARKET SIZE USING TOP-DOWN ANALYSIS        40

FIGURE 9             MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH      40

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        41

FIGURE 10           DATA TRIANGULATION 41

2.4          RESEARCH ASSUMPTIONS           42

TABLE 1                ASSUMPTIONS FOR THE RESEARCH STUDY           42

2.5          LIMITATIONS     42

3              EXECUTIVE SUMMARY  43

FIGURE 11           PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR HEARTH MARKET  44

3.1          PRE-COVID-19   44

3.2          PESSIMISTIC SCENARIO (POST-COVID-19)            45

3.3          OPTIMISTIC SCENARIO (POST-COVID-19)              45

3.4          REALISTIC SCENARIO (POST-COVID-19)  45

FIGURE 12           INSERT TO BE THE FASTEST-GROWING PRODUCT SEGMENT DURING FORECAST PERIOD                46

FIGURE 13           PELLET TO BE THE FASTEST-GROWING FUEL SEGMENT FROM 2020 TO 2025          46

FIGURE 14           RESIDENTIAL APPLICATION TO HOLD LARGEST SHARE OF HEARTH MARKET           47

FIGURE 15           MODERN HEARTH TO GROW AT A HIGHER CAGR FROM 2020 TO 2025      47

FIGURE 16           HEARTH MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025       48

4              PREMIUM INSIGHTS       49

4.1          ATTRACTIVE GROWTH OPPORTUNITIES IN HEARTH MARKET       49

FIGURE 17           INCREASING GLOBAL DEMAND FOR MODERN HEARTHS WITH CONTEMPORARY DESIGN AND PELLET-BASED HEARTHS TO SPUR MARKET GROWTH    49

4.2          HEARTH MARKET, BY VENT AVAILABILITY              50

FIGURE 18           UNVENTED HEARTH TO ACCOUNT FOR LARGEST SHARE OF HEARTH MARKET BY 2025      50

4.3          HEARTH MARKET, BY IGNITION TYPE       50

FIGURE 19           ELECTRONIC IGNITION TO ACCOUNT FOR LARGEST SHARE OF HEARTH MARKET BY 2025 50

4.4          HEARTH MARKET, BY PLACEMENT            51

FIGURE 20           INDOOR HEARTH TO ACCOUNT FOR LARGEST SHARE OF HEARTH MARKET

BY 2025 51

4.5          APAC: HEARTH MARKET, BY APPLICATION & COUNTRY  51

FIGURE 21           RESIDENTIAL APPLICATION AND CHINA TO ACCOUNT FOR LARGEST SHARE OF APAC HEARTH MARKET   51

4.6          HEARTH MARKET, BY COUNTRY 52

FIGURE 22           HEARTH MARKET IN CHINA PROJECTED TO GROW AT HIGHEST CAGR FROM 2020 TO 2025             52

 

5              MARKET OVERVIEW       53

5.1          INTRODUCTION                53

5.2          MARKET DYNAMICS       53

FIGURE 23           DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:

HEARTH MARKET             53

5.2.1      DRIVERS               54

5.2.1.1   INCREASING DEMAND FOR ESTHETICALLY APPEALING FIREPLACES           54

5.2.1.2   GROWING ADOPTION OF HEARTHS IN AND AROUND HOUSES TO COUNTER EXTREMELY COLD WEATHER              54

FIGURE 24           RETAIL UNIT SALES OF ELECTRIC FIREPLACES IN US FROM

2012 TO 2018 (IN THOUSAND UNITS)      55

5.2.1.3   AVAILABILITY OF NUMEROUS STANDARD AND CUSTOMIZED HEARTH DESIGN OPTIONS                55

5.2.1.4   GROWING ADOPTION IN NON-RESIDENTIAL APPLICATIONS SUCH AS HOTELS, CAFES, AND RESTAURANTS           55

FIGURE 25           HEARTH MARKET DRIVERS AND THEIR IMPACT   56

5.2.2      RESTRAINTS       56

5.2.2.1   AVAILABILITY OF ALTERNATIVE SPACE HEATING TECHNOLOGIES               56

5.2.2.2   HIGH INSTALLATION AND MAINTENANCE COSTS OF HEARTHS/FIREPLACES          57

FIGURE 26           HEARTH MARKET RESTRAINTS AND THEIR IMPACT           57

5.2.3      OPPORTUNITIES               57

5.2.3.1   REPLACEMENT OF AGING SPACE HEATING EQUIPMENT                57

5.2.3.2   USE OF SOLAR ENERGY AS A SUBSTITUTE FUEL FOR HEARTHS      58

5.2.3.3   SHIFT TOWARD HOME AUTOMATION AND INCREASING DEMAND FOR SMOKELESS HEARTHS AND TECHNOLOGIES                58

FIGURE 27           HEARTH MARKET OPPORTUNITIES AND THEIR IMPACT   59

5.2.4      CHALLENGES      59

5.2.4.1   STRICT GOVERNMENT REGULATIONS PERTAINING TO ENVIRONMENT PROTECTION       59

5.2.4.2   DISRUPTION IN SUPPLY CHAIN AND LOW DEMAND AMIDST COVID-19 OUTBREAK            60

FIGURE 28           HEARTH MARKET CHALLENGES AND THEIR IMPACT          60

6              INDUSTRY TRENDS          61

6.1          INTRODUCTION                61

6.2          VALUE CHAIN ANALYSIS               61

FIGURE 29           HEARTH MARKET: VALUE CHAIN ANALYSIS          61

6.2.1      RESEARCH AND PRODUCT DEVELOPMENT            61

6.2.2      COMPONENT MANUFACTURING             62

6.2.3      HEARTH MANUFACTURING AND SYSTEM INTEGRATION               62

6.2.4      DISTRIBUTION   62

6.2.5      END USERS AND POST-SALES SERVICE    62

6.3          KEY INDUSTRY TRENDS  63

FIGURE 30           LEADING TRENDS IN HEARTH MARKET   63

 

6.4          PRICING ANALYSIS          63

TABLE 2                PRICING ANALYSIS          63

6.5          ECOSYSTEM MAP             64

FIGURE 31           ECOSYSTEM MAP: HEARTH MARKET        64

6.6          INDUSTRIAL TECHNOLOGIES       64

6.6.1      TECHNOLOGY TRENDS IN HEARTH MARKET          64

6.7          REGULATORY STANDARDS           65

6.8          REGULATIONS AND REQUIREMENTS FOR MASONRY FIREPLACES AND CHIMNEYS             66

TABLE 3                SUMMARY OF REQUIREMENTS FOR MASONRY FIREPLACES AND CHIMNEYS        66

6.9          PATENT ANALYSIS           67

TABLE 4                PATENT APPLICATIONS: HEARTH MARKET            67

7              HEARTH MARKET, BY PRODUCT 68

7.1          INTRODUCTION                69

FIGURE 32           INSERT IS PROJECTED TO GROW AT HIGHER CAGR DURING THE FORECAST PERIOD           69

TABLE 5                HEARTH MARKET, BY PRODUCT, 2016–2019 (USD BILLION)           69

TABLE 6                HEARTH MARKET, BY PRODUCT, 2020–2025 (USD BILLION)           70

7.2          FIREPLACE           70

7.2.1      MODERN FIREPLACES ARE ADOPTED AT A HIGH RATE BECAUSE OF THEIR LOW EMISSION RATE, BETTER FUEL EFFICIENCY, AND ATTRACTIVE FEATURES              70

TABLE 7                FIREPLACE MARKET, BY REGION, 2016–2019 (USD MILLION)        70

TABLE 8                FIREPLACE MARKET, BY REGION, 2020–2025 (USD MILLION)        71

7.3          STOVE   71

7.3.1      MODERN WOOD STOVES ARE CLEAN AND EFFICIENT WITH SEVERAL ENVIRONMENTAL BENEFITS              71

TABLE 9                STOVE MARKET, BY REGION, 2016–2019 (USD MILLION)                71

TABLE 10              STOVE MARKET, BY REGION, 2020–2025 (USD MILLION)                72

7.4          INSERT  72

7.4.1      INSERTS CAN BE POWERED BY GAS, PROPANE, ELECTRICITY, PELLETS, WOOD, AND COAL               72

TABLE 11              INSERT MARKET, BY REGION, 2016–2019 (USD MILLION)               73

TABLE 12              INSERT MARKET, BY REGION, 2020–2025 (USD MILLION)               73

8              HEARTH MARKET, BY FUEL TYPE                74

8.1          INTRODUCTION                75

FIGURE 33           ELECTRICITY IS PROJECTED TO HOLD LARGEST MARKET SHARE IN 2025    75

TABLE 13              HEARTH MARKET, BY FUEL TYPE, 2016–2019 (USD MILLION)         75

TABLE 14              HEARTH MARKET, BY FUEL TYPE, 2020–2025 (USD MILLION)         76

TABLE 15              HEARTH MARKET, BY FUEL TYPE, 2016–2019 (THOUSAND UNITS)               76

TABLE 16              HEARTH MARKET, BY FUEL TYPE, 2020–2025 (THOUSAND UNITS)               76

 

8.2          WOOD  77

8.2.1      MANY GOVERNMENTS AND REGULATORY BODIES HAVE BANNED THE USE OF WOOD IN HEARTHS           77

TABLE 17              WOOD-BASED HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)               77

TABLE 18              WOOD-BASED HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)               77

8.3          GAS       78

8.3.1      MODERN GAS HEARTHS ARE VISUALLY ATTRACTIVE AND EASY TO USE   78

TABLE 19              GAS-BASED HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)     78

TABLE 20              GAS-BASED HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)     78

8.4          ELECTRICITY        79

8.4.1      ELECTRIC HEARTHS ARE MORE ECONOMICAL THAN GAS HEARTHS AS THEY REQUIRE LESSER MAINTENANCE AND LOWER INSTALLATION COSTS     79

TABLE 21              ELECTRICITY-BASED HEARTH MARKET, BY REGION,

2016–2019 (USD MILLION)           79

TABLE 22              ELECTRICITY-BASED HEARTH MARKET, BY REGION,

2020–2025 (USD MILLION)           79

8.5          PELLET  80

8.5.1      PELLET HEARTHS CAN BURN A VARIETY OF MATERIALS INCLUDING BYPRODUCTS OF SAWMILLS                80

TABLE 23              PELLET-BASED HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)                80

TABLE 24              PELLET BASED HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)                80

9              HEARTH MARKET, BY PLACEMENT            82

9.1          INTRODUCTION                83

FIGURE 34           INDOOR HEARTH IS PROJECTED TO OCCUPY LARGEST MARKET SHARE IN 2025     83

TABLE 25              HEARTH MARKET, BY PLACEMENT, 2016–2019 (USD MILLION)     83

TABLE 26              HEARTH MARKET, BY PLACEMENT, 2020–2025 (USD MILLION)     83

9.2          INDOOR HEARTH              84

9.2.1      END USERS ALSO CONSIDER OVERALL ESTHETIC VALUE AND POWER CONSUMPTION BENEFITS BEFORE MAKING A PURCHASE          84

TABLE 27              INDOOR HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)           84

TABLE 28              INDOOR HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)           84

9.3          OUTDOOR HEARTH         85

9.3.1      WHILE INDOOR HEARTHS ARE MOSTLY DESIGNED FOR HEATING PURPOSES, AN OUTDOOR HEARTH IS MOSTLY PREFERRED FOR COOKING           85

TABLE 29              OUTDOOR HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)       85

TABLE 30              OUTDOOR HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)       85

9.4          PORTABLE HEARTH          86

9.4.1      PORTABLE HEARTHS ARE DEPLOYED IN ALL ENVIRONMENTS, SUCH AS RESIDENTIAL, COMMERCIAL, HOSPITALITY, AND INSTITUTIONAL      86

TABLE 31              PORTABLE HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)       86

TABLE 32              PORTABLE HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)       86

 

10           HEARTH MARKET, BY DESIGN     87

10.1        INTRODUCTION                88

FIGURE 35           MODERN HEARTH IS EXPECTED TO REGISTER HIGHER CAGR BETWEEN

2020 AND 2025  88

TABLE 33              HEARTH MARKET, BY DESIGN, 2016–2019 (USD MILLION)              88

TABLE 34              HEARTH MARKET, BY DESIGN, 2020–2025 (USD MILLION)              88

10.2        TRADITIONAL HEARTH   89

10.2.1    DIFFICULTIES IN SWEEPING CHIMNEYS INCREASE MAINTENANCE AND OPERATIONAL COSTS OF TRADITIONAL HEARTHS             89

TABLE 35              TRADITIONAL HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION) 89

TABLE 36              TRADITIONAL HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION) 89

10.3        MODERN HEARTH            90

10.3.1    HEARTH INDUSTRY HAS GROWN TREMENDOUSLY IN TERMS OF DESIGN TO IMPROVE OVERALL LOOK AND FEEL OF HEARTHS             90

TABLE 37              MODERN HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)         90

TABLE 38              MODERN HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)         90

10.3.2    SENSOR                91

10.3.3    BURNER               91

10.3.4    REMOTE CONTROL SYSTEM         91

10.3.5    VALVE KIT           91

10.3.6    OTHER COMPONENTS   91

11           HEARTH MARKET, BY IGNITION TYPE       92

11.1        INTRODUCTION                93

FIGURE 36           ELECTRONIC IGNITION IS EXPECTED TO REGISTER HIGHER CAGR BETWEEN 2020 AND 2025            93

TABLE 39              HEARTH MARKET, BY IGNITION TYPE, 2016–2019 (USD MILLION)               93

TABLE 40              HEARTH MARKET, BY IGNITION TYPE, 2020–2025 (USD MILLION)               93

11.2        ELECTRONIC IGNITION  94

11.2.1    INTERMITTENT PILOT IGNITION (IPI)       94

11.2.1.1                IPI SYSTEMS HELP IN CONTROLLING HEARTH SYSTEMS AND INCREASE OVERALL ENERGY EFFICIENCY       94

11.2.2    HOT SURFACE IGNITION               94

11.2.2.1                HOT SURFACE IGNITION IS CONSIDERED MORE EFFICIENT AND IS MORE COMMONLY USED         94

11.3        STANDING PILOT IGNITION         95

11.3.1    MODERN STANDING PILOT IGNITION SYSTEMS ALLOW USERS TO CONTROL PILOT LIGHT, FLAME HEIGHT, AND HEAT OUTPUT               95

 

12           HEARTH MARKET, BY VENT AVAILABILITY              96

12.1        INTRODUCTION                97

FIGURE 37           UNVENTED HEARTH IS EXPECTED TO REGISTER HIGHER CAGR BETWEEN 2020 AND 2025  97

TABLE 41              HEARTH MARKET, BY VENT AVAILABILITY, 2016–2019 (USD MILLION)      97

TABLE 42              HEARTH MARKET, BY VENT AVAILABILITY, 2020–2025 (USD MILLION)      97

12.2        VENTED HEARTH              98

12.2.1    DIRECT VENTING AND POWER VENTING TECHNOLOGIES ARE REPLACING TRADITIONAL NATURAL DRAFT VENTING                98

12.3        UNVENTED HEARTH        99

12.3.1    UNVENTED HEARTHS CONSIST OF ELECTRIC FIREPLACES OR INSERTS THAT DO NOT BURN ANY GASES     99

13           HEARTH MARKET, BY APPLICATION         100

13.1        INTRODUCTION                101

FIGURE 38           RESIDENTIAL SEGMENT IS PROJECTED TO HOLD LARGEST MARKET SHARE IN 2025             101

TABLE 43              HEARTH MARKET, BY APPLICATION, 2016–2019 (USD MILLION)  101

TABLE 44              HEARTH MARKET, BY APPLICATION, 2020–2025 (USD MILLION)  102

13.2        RESIDENTIAL      102

13.2.1    HEATING EFFICIENCY OF HEARTHS DRIVES HEARTH MARKET IN RESIDENTIAL APPLICATION          102

TABLE 45              HEARTH MARKET FOR RESIDENTIAL APPLICATION, BY REGION,

2016–2019 (USD MILLION)           102

TABLE 46              HEARTH MARKET FOR RESIDENTIAL APPLICATION, BY REGION,

2020–2025 (USD MILLION)           103

13.3        COMMERCIAL   103

13.3.1    HEARTH PRODUCTS ARE USED IN COMMERCIAL ENVIRONMENTS SUCH AS LOBBIES OF CORPORATE OFFICES, PRIVATE AND PUBLIC COMMERCIAL BUILDINGS, AND PUBLIC GARDENS               103

TABLE 47              HEARTH MARKET FOR COMMERCIAL APPLICATION, BY REGION,

2016–2019 (USD MILLION)           103

TABLE 48              HEARTH MARKET FOR COMMERCIAL APPLICATION, BY REGION,

2020–2025 (USD MILLION)           104

13.4        HOSPITALITY      104

13.4.1    HEARTHS ARE INSTALLED IN HOSPITALS TO PROVIDE A STRESS-REDUCING ATMOSPHERE FOR PATIENTS                104

TABLE 49              HEARTH MARKET FOR HOSPITALITY APPLICATION, BY REGION,

2016–2019 (USD MILLION)           104

TABLE 50              HEARTH MARKET FOR HOSPITALITY APPLICATION, BY REGION,

2020–2025 (USD MILLION)           105

13.5        INSTITUTIONAL                105

13.5.1    COST, CLEANLINESS, AND HEAT EFFICIENCY INFLUENCE THE USE OF HEARTHS IN INSTITUTIONS 105

TABLE 51              HEARTH MARKET FOR INSTITUTIONAL APPLICATION, BY REGION,

2016–2019 (USD MILLION)           105

TABLE 52              HEARTH MARKET FOR INSTITUTIONAL APPLICATION, BY REGION,

2020–2025 (USD MILLION)           106

13.6        LEAST IMPACTED APPLICATION BY COVID-19      106

13.6.1    INSTITUTIONAL                106

13.6.1.1                IMPACT ANALYSIS           106

13.7        MOST IMPACTED APPLICATION BY COVID-19      107

13.7.1    HOSPITALITY      107

13.7.1.1                IMPACT ANALYSIS           107

14           HEARTH MARKET, BY FIREPLACE TYPE     108

14.1        INTRODUCTION                108

14.2        SINGLE-SIDED FIREPLACES           108

14.2.1    SINGLE-SIDED FIREPLACES PROVIDE A CLEAR VIEW AND BOLD FLAMES WHILE BEING COST-EFFICIENT     108

14.3        MULTI-SIDED FIREPLACES            108

14.3.1    MULTI-SIDED FIREPLACES PROVIDE THE BENEFIT OF EVEN DISTRIBUTION OF HEAT BETWEEN SPACES SHARING THE FIREPLACE           108

15           HEARTH MARKET, BY TYPE OF MATERIAL               109

15.1        INTRODUCTION                109

15.2        BRICK    109

15.2.1    BRICKS ARE USED IN TRADITIONAL HEARTHS AS THEY ARE INEXPENSIVE AND EASY TO INSTALL, AND PROVIDE HIGH HEAT RESISTANCE            109

15.3        GRANITE              109

15.3.1    CUSTOMERS CAN CHOOSE FROM DIFFERENT TYPES OF GRANITE BASED ON THEIR PERSONAL CHOICE     109

15.4        MARBLE               109

15.4.1    HIGH HEAT-RESISTANCE MAKES MARBLE SUITABLE FOR USE WITH A WIDE VARIETY OF FIREPLACES          109

15.5        STONE  110

15.5.1    LIMESTONE OFFERS DURABILITY AND HEAT TOLERANCE                110

15.6        CONCRETE          110

15.6.1    CONCRETE CAN BE USED WITH OTHER MATERIALS SUCH AS TILE OR SLATE TO MAKE HEARTHS LOOK ESTHETICALLY PLEASING            110

15.7        SLATE    110

15.7.1    SLATE OFFERS HIGH DURABILITY, ATTRACTIVE DESIGN, AND EASE OF CLEANING               110

15.8        QUARRY TILES   110

15.8.1    QUARRY TILES HELP CREATE A MORE TRADITIONAL LOOK FOR A FIREPLACE          110

16           GEOGRAPHIC ANALYSIS                111

16.1        INTRODUCTION                112

FIGURE 39           NORTH AMERICA IS PROJECTED TO OCCUPY LARGEST MARKET SHARE IN 2025    112

TABLE 53              HEARTH MARKET, BY REGION, 2016–2019 (USD MILLION)             112

TABLE 54              HEARTH MARKET, BY REGION, 2020–2025 (USD MILLION)             113

16.2        NORTH AMERICA             113

16.2.1    COLDER CLIMATE AND TECHNOLOGICAL ADVANCEMENTS IN NORTH AMERICAN COUNTRIES HAVE LED TO ITS DOMINANT POSITION IN HEARTH MARKET          113

FIGURE 40           NORTH AMERICA: SNAPSHOT OF HEARTH MARKET          114

TABLE 55              HEARTH MARKET IN NORTH AMERICA, BY PRODUCT,

2016–2019 (USD MILLION)           114

TABLE 56              HEARTH MARKET IN NORTH AMERICA, BY PRODUCT,

2020–2025 (USD MILLION)           115

TABLE 57              HEARTH MARKET IN NORTH AMERICA, BY DESIGN,

2016–2019 (USD MILLION)           115

TABLE 58              HEARTH MARKET IN NORTH AMERICA, BY DESIGN,

2020–2025 (USD MILLION)           115

TABLE 59              HEARTH MARKET IN NORTH AMERICA, BY APPLICATION,

2016–2019 (USD MILLION)           115

TABLE 60              HEARTH MARKET IN NORTH AMERICA, BY APPLICATION,

2020–2025 (USD MILLION)           116

TABLE 61              HEARTH MARKET IN NORTH AMERICA, BY PLACEMENT,

2016–2019 (USD MILLION)           116

TABLE 62              HEARTH MARKET IN NORTH AMERICA, BY PLACEMENT,

2020–2025 (USD MILLION)           116

TABLE 63              HEARTH MARKET IN NORTH AMERICA, BY FUEL TYPE,

2016–2019 (USD MILLION)           116

TABLE 64              HEARTH MARKET IN NORTH AMERICA, BY FUEL TYPE,

2020–2025 (USD MILLION)           117

TABLE 65              HEARTH MARKET IN NORTH AMERICA, BY FUEL TYPE,

2016–2019 (THOUSAND UNITS) 117

TABLE 66              HEARTH MARKET IN NORTH AMERICA, BY FUEL TYPE,

2020–2025 (THOUSAND UNITS) 117

TABLE 67              HEARTH MARKET IN NORTH AMERICA, BY COUNTRY,

2016–2019 (USD MILLION)           117

TABLE 68              HEARTH MARKET IN NORTH AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           118

16.2.2    US          118

16.2.2.1                HEARTH PRODUCTS BASED ON GAS AND ELECTRICITY WITH NEWER HEARTH TECHNOLOGIES ARE BEING USED INCREASINGLY IN US          118

TABLE 69              HEARTH MARKET IN US, BY PRODUCT, 2016–2019 (USD MILLION)             118

TABLE 70              HEARTH MARKET IN US, BY PRODUCT, 2020–2025 (USD MILLION)             119

TABLE 71              HEARTH MARKET IN US, BY DESIGN, 2016–2019 (USD MILLION)  119

TABLE 72              HEARTH MARKET IN US, BY DESIGN, 2020–2025 (USD MILLION)  119

TABLE 73              HEARTH MARKET IN US, BY APPLICATION, 2016–2019 (USD MILLION)      119

TABLE 74              HEARTH MARKET IN US, BY APPLICATION, 2020–2025 (USD MILLION)      120

TABLE 75              HEARTH MARKET IN US, BY PLACEMENT, 2016–2019 (USD MILLION)        120

TABLE 76              HEARTH MARKET IN US, BY PLACEMENT, 2020–2025 (USD MILLION)        120

TABLE 77              HEARTH MARKET IN US, BY FUEL TYPE, 2016–2019 (USD MILLION)             120

TABLE 78              HEARTH MARKET IN US, BY FUEL TYPE, 2020–2025 (USD MILLION)             121

16.2.3    CANADA              121

16.2.3.1                CANADA SEEN WITNESSED SLOW ADOPTION OF HEARTH PRODUCTS LATELY DUE TO VARIOUS REGULATORY ISSUES  121

16.2.4    MEXICO               121

16.2.4.1                CONSUMERS IN MEXICO ARE MORE INCLINED TOWARD ESTHETIC VALUE OF HEARTHS THAN PERFORMANCE                121

16.2.5    IMPACT OF COVID-19 ON NORTH AMERICA         122

16.2.5.1                IMPLEMENTATION OF LOCKDOWN MEASURES HAS REDUCED CONSUMER SPENDING ON HIGH-COST PRODUCTS IN NORTH AMERICA                122

FIGURE 41           NORTH AMERICA: COMPARISON OF PRE-COVID-19 AND POST-COVID-19 SCENARIO FOR HEARTH MARKET, 2016–2025 (USD BILLION)             122

TABLE 79              NORTH AMERICA: COMPARISON OF PRE-COVID-19 AND POST-COVID-19 SCENARIO FOR HEARTH MARKET, 2016–2025 (USD MILLION)           123

16.3        EUROPE               124

FIGURE 42           EUROPE: SNAPSHOT OF HEARTH MARKET            124

TABLE 80              HEARTH MARKET IN EUROPE, BY PRODUCT, 2016–2019 (USD MILLION)  125

TABLE 81              HEARTH MARKET IN EUROPE, BY PRODUCT, 2020–2025 (USD MILLION)  125

TABLE 82              HEARTH MARKET IN EUROPE, BY DESIGN, 2016–2019 (USD MILLION)       125

TABLE 83              HEARTH MARKET IN EUROPE, BY DESIGN, 2020–2025 (USD MILLION)       125

TABLE 84              HEARTH MARKET IN EUROPE, BY APPLICATION, 2016–2019 (USD MILLION)           126

TABLE 85              HEARTH MARKET IN EUROPE, BY APPLICATION, 2020–2025 (USD MILLION)           126

TABLE 86              HEARTH MARKET IN EUROPE, BY PLACEMENT, 2016–2019 (USD MILLION)             126

TABLE 87              HEARTH MARKET IN EUROPE, BY PLACEMENT, 2020–2025 (USD MILLION)             126

TABLE 88              HEARTH MARKET IN EUROPE, BY FUEL TYPE, 2016–2019 (USD MILLION)  127

TABLE 89              HEARTH MARKET IN EUROPE, BY FUEL TYPE, 2020–2025 (USD MILLION)  127

TABLE 90              HEARTH MARKET IN EUROPE, BY FUEL TYPE, 2016–2019 (THOUSAND UNITS)        127

TABLE 91              HEARTH MARKET IN EUROPE, BY FUEL TYPE, 2020–2025 (THOUSAND UNITS)        127

TABLE 92              HEARTH MARKET IN EUROPE, BY REGION, 2016–2019 (USD MILLION)      128

TABLE 93              HEARTH MARKET IN EUROPE, BY REGION, 2020–2025 (USD MILLION)      128

16.3.1    EU5        128

16.3.1.1                UK          128

16.3.1.1.1             GOVERNMENT REGULATIONS ON AIR CLEANLINESS AND OTHER SAFETY DIRECTIVES INFLUENCE HEARTH MARKET IN UK  128

16.3.1.2                GERMANY           129

16.3.1.2.1             RISING AIR POLLUTION HAS LED TO A FALL IN ADOPTION OF WOOD-BASED HEARTH PRODUCTS                129

16.3.1.3                FRANCE                129

16.3.1.3.1             FRENCH CITIZENS MOSTLY PREFER FIREPLACES WITH CLASSIC AND TRADITIONAL DESIGNS           129

16.3.1.4                ITALY     129

16.3.1.4.1             INCREASING ADOPTION OF HEARTHS BASED ON PELLET AND OTHER RENEWABLE FUELS IS EXPECTED TO PROPEL MARKET GROWTH          129

16.3.1.5                SPAIN   129

16.3.1.5.1             SPAIN IS ONE OF THE FASTEST-GROWING MARKETS FOR GAS-BASED HEARTHS IN EU5 REGION  129

16.3.2    EASTERN EUROPE            130

16.3.2.1                GROWING TOURISM AND INSTITUTIONAL SECTORS ARE EXPECTED TO DRIVE MARKET GROWTH FOR ROOM HEATING PURPOSES IN EASTERN EUROPE            130

16.3.3    RUSSIA 130

16.3.3.1                TRADITIONAL EUROPEAN STYLE FIREPLACES ARE MORE PROMINENT IN RUSSIA                130

16.3.4    REST OF EUROPE              130

16.3.5    IMPACT OF COVID-19 ON EUROPE           130

16.3.5.1                COMPLETE SHUTDOWN OR PARTIAL OPERATIONS OF VARIOUS MANUFACTURING INDUSTRIES ARE EXPECTED TO SLOW DOWN MARKET GROWTH   130

FIGURE 43           EUROPE: COMPARISON OF PRE-COVID-19 AND POST-COVID-19

SCENARIO FOR HEARTH MARKET, 2016–2025 (USD BILLION)        131

TABLE 94              EUROPE: COMPARISON TABLE OF PRE-COVID-19 AND POST-COVID-19 SCENARIO FOR HEARTH MARKET, 2016–2025 (USD MILLION)           131

16.4        APAC     133

FIGURE 44           APAC: SNAPSHOT OF HEARTH MARKET  133

TABLE 95              HEARTH MARKET IN APAC, BY PRODUCT, 2016–2019 (USD MILLION)        134

TABLE 96              HEARTH MARKET IN APAC, BY PRODUCT, 2020–2025 (USD MILLION)        134

TABLE 97              HEARTH MARKET IN APAC, BY DESIGN, 2016–2019 (USD MILLION)            134

TABLE 98              HEARTH MARKET IN APAC, BY DESIGN, 2020–2025 (USD MILLION)            134

TABLE 99              HEARTH MARKET IN APAC, BY APPLICATION, 2016–2019 (USD MILLION)                135

TABLE 100            HEARTH MARKET IN APAC, BY APPLICATION, 2020–2025 (USD MILLION)                135

TABLE 101            HEARTH MARKET IN APAC, BY PLACEMENT, 2016–2019 (USD MILLION)   135

TABLE 102            HEARTH MARKET IN APAC, BY PLACEMENT, 2020–2025 (USD MILLION)   135

TABLE 103            HEARTH MARKET IN APAC, BY FUEL TYPE, 2016–2019 (USD MILLION)       136

TABLE 104            HEARTH MARKET IN APAC, BY FUEL TYPE, 2020–2025 (USD MILLION)       136

TABLE 105            HEARTH MARKET IN APAC, BY REGION, 2016–2019 (USD MILLION)           136

TABLE 106            HEARTH MARKET IN APAC, BY REGION, 2020–2025 (USD MILLION)           137

16.4.1    CHINA   137

16.4.1.1                CHINESE ECONOMY IS GROWING AT A HIGH RATE AND IS EXPECTED TO DRIVE FIREPLACE HEARTHS MARKET                137

16.4.2    JAPAN  137

16.4.2.1                JAPAN ADOPTS MODERN TYPES OF FIREPLACES THAT PROVIDE BETTER FUEL EFFICIENCY               137

16.4.3    SOUTHEAST ASIA             138

16.4.3.1                FINANCIAL STABILITY OF SOUTH KOREA IS LIKELY TO AID MARKET GROWTH        138

16.4.4    REST OF APAC   138

16.4.5    IMPACT OF COVID-19 ON APAC                138

16.4.5.1                DECLINING TOURISM AND HOSPITALITY SECTORS COULD AFFECT DEMAND FOR HEARTH PRODUCTS USED IN HOSPITALITY AND RESIDENTIAL APPLICATIONS            138

FIGURE 45           APAC: COMPARISON OF PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR HEARTH MARKET, 2016–2025 (USD MILLION) 139

TABLE 107            APAC: COMPARISON OF PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR HEARTH MARKET, 2016–2025 (USD MILLION) 139

 

16.5        ROW      140

TABLE 108            HEARTH MARKET IN ROW, BY PRODUCT, 2016–2019 (USD MILLION)         140

TABLE 109            HEARTH MARKET IN ROW, BY PRODUCT, 2020–2025 (USD MILLION)         140

TABLE 110            HEARTH MARKET IN ROW, BY DESIGN, 2016–2019 (USD MILLION)             140

TABLE 111            HEARTH MARKET IN ROW, BY DESIGN, 2020–2025 (USD MILLION)             141

TABLE 112            HEARTH MARKET IN ROW, BY APPLICATION, 2016–2019 (USD MILLION) 141

TABLE 113            HEARTH MARKET IN ROW, BY APPLICATION, 2020–2025 (USD MILLION) 141

TABLE 114            HEARTH MARKET IN ROW, BY PLACEMENT, 2016–2019 (USD MILLION)    141

TABLE 115            HEARTH MARKET IN ROW, BY PLACEMENT, 2020–2025 (USD MILLION)    142

TABLE 116            HEARTH MARKET IN ROW, BY FUEL TYPE, 2016–2019 (USD MILLION)        142

TABLE 117            HEARTH MARKET IN ROW, BY FUEL TYPE, 2020–2025 (USD MILLION)        142

TABLE 118            HEARTH MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION)            142

TABLE 119            HEARTH MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION)            143

16.5.1    SOUTH AMERICA             143

16.5.1.1                GROWING MARKET FOR BIOMASS PELLETS IN BRAZIL AND OTHER ADJOINING COUNTRIES IS EXPECTED TO DRIVE HEARTH PRODUCTS MARKET         143

16.5.2    MIDDLE EAST & AFRICA (MEA)   143

16.5.2.1                GROWING TOURISM SECTOR IN MIDDLE EAST IS EXPECTED TO DRIVE REGIONAL DEMAND FOR HEARTHS                143

16.5.3    IMPACT OF COVID-19 ON ROW 143

16.5.3.1                LIMITED INFRASTRUCTURE SPENDING BY GOVERNMENT AND PRIVATE SECTORS COULD AFFECT COMMERCIAL AND INSTITUTIONAL DEMAND FOR HEARTH PRODUCTS  143

FIGURE 46           ROW: COMPARISON OF PRE-COVID-19 AND POST- COVID-19 SCENARIOS FOR HEARTH MARKET, 2016–2025 (USD MILLION) 144

TABLE 120            ROW: COMPARISON TABLE OF PRE-COVID-19 AND POST-COVID-19 SCENARIOS FOR HEARTH MARKET, 2016–2025 (USD MILLION)           144

17           COMPETITIVE LANDSCAPE           146

17.1        OVERVIEW          146

FIGURE 47           COMPANIES ADOPTED PRODUCT DEVELOPMENTS AND LAUNCHES AS KEY GROWTH STRATEGIES FROM JANUARY 2016 TO SEPTEMBER 2020        146

17.2        MARKET SHARE AND RANKING ANALYSIS             147

TABLE 121            HEARTH MARKET: MARKET SHARE AND RANKING ANALYSIS        147

17.3        COMPANY EVALUATION QUADRANT     148

FIGURE 48           HEARTH MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2019         148

17.3.1    STAR      149

17.3.2    PERVASIVE         149

17.3.3    EMERGING LEADER         149

17.3.4    PARTICIPANT     149

17.4        COMPETITIVE BENCHMARKING                150

17.4.1    STRENGTH OF PRODUCT PORTFOLIO (FOR 25 COMPANIES)          150

FIGURE 49           PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN HEARTH MARKET   150

17.4.2    BUSINESS STRATEGY EXCELLENCE (FOR 25 COMPANIES)                151

FIGURE 50           BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN HEARTH MARKET 151

17.5        STARTUP/SME EVALUATION MATRIX, 2020         152

FIGURE 51           HEARTH MARKET (GLOBAL) STARTUP/SME EVALUATION MATRIX, 2019 152

17.5.1    PROGRESSIVE COMPANIES         152

17.5.2    RESPONSIVE COMPANIES            152

17.5.3    DYNAMIC COMPANIES  153

17.5.4    STARTING BLOCKS           153

17.6        COMPETITIVE SCENARIO              153

17.6.1    PRODUCT LAUNCHES AND DEVELOPMENTS        153

TABLE 122            KEY PRODUCT LAUNCHES AND DEVELOPMENTS

(JANUARY 2016–SEPTEMBER 2020)          153

17.6.2    PARTNERSHIPS AND CONTRACTS             154

TABLE 123            PARTNERSHIPS AND CONTRACTS (JANUARY 2016—SEPTEMBER 2020)    154

17.6.3    EXPANSIONS AND ACQUISITIONS            155

TABLE 124            EXPANSIONS AND ACQUISITIONS (JANUARY 2016–SEPTEMBER 2020)     155

18           COMPANY PROFILES      156

(BUSINESS OVERVIEW, PRODUCTS/SOLUTIONS/SERVICES OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, COVID-19 IMPACT AND MNM VIEW)*

18.1        KEY PLAYERS      156

18.1.1    HNI CORPORATION         156

FIGURE 52           HNI CORPORATION: COMPANY SNAPSHOT         157

18.1.2    TRAVIS INDUSTRIES        161

18.1.3    NAPOLEON FIREPLACES                164

18.1.4    HEARTH PRODUCTS CONTROLS COMPANY (HPC)              167

18.1.5    MONTIGO           170

18.1.6    GLEN DIMPLEX  173

18.1.7    STOVE BUILDER INTERNATIONAL (SBI)   175

18.1.8    INNOVATIVE HEARTH PRODUCTS             176

18.1.9    EMPIRE COMFORT SYSTEMS       177

18.1.10  GHP GROUP INC.             178

18.1.11  HEARTHSTONE QUALITY HOME HEATING PRODUCTS INC.             179

18.1.12  RH PETERSON CO.            180

18.2        RIGHT TO WIN   181

18.3        OTHER IMPORTANT PLAYERS      182

18.3.1    BFM EUROPE LTD.           182

18.3.2    WILKENING FIREPLACE  183

18.3.3    JØTUL   183

18.3.4    NORDPEIS           184

18.4        KEY INNOVATORS            185

18.4.1    BOLEY   185

18.4.2    EUROPEAN HOME           185

18.4.3    BARBAS BELLFIRES           186

18.4.4    MENDOTA HEARTH         186

*DETAILS ON BUSINESS OVERVIEW, PRODUCTS/SOLUTIONS/SERVICES OFFERED, RECENT DEVELOPMENTS, SWOT ANALYSIS, COVID-19 IMPACT AND MNM VIEW MIGHT NOT BE CAPTURED IN CASE OF UNLISTED COMPANIES.

19           APPENDIX           187

19.1        INSIGHTS OF INDUSTRY EXPERTS              187

19.2        QUESTIONNAIRE FOR HEARTH MARKET 188

19.3        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   191

19.4        AVAILABLE CUSTOMIZATIONS   193

19.5        RELATED REPORTS           193

19.6        AUTHOR DETAILS             194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Rating: 

1 User License $4,950

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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# of Pages:        184

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Publication Date:  March, 2022

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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