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Horticulture Lighting Market with COVID-19 Impact Analysis by Technology (Fluorescent, HID, and LED), Application (Greenhouses, Vertical Farms, and In...

by Technology (Fluorescent, HID, and LED), Application (Greenhouses, Vertical Farms, and Indoor Farms), Cultivation, Lighting Type, Offering, Installation, and Region

Publisher:        MarketsandMarkets

# of Pages:        235

Rating: 

1 User License $4,950

Publication Date:  November, 2020

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                30

1.1          STUDY OBJECTIVES          30

1.2          MARKET DEFINITION      30

1.2.1      INCLUSIONS AND EXCLUSIONS  31

1.3          MARKETS COVERED        31

FIGURE 1             MARKET SEGMENTATION            31

1.3.1      YEARS CONSIDERED        32

1.4          CURRENCY          32

TABLE 1                CURRENCY TABLE             32

1.5          LIMITATIONS     32

1.6          STAKEHOLDERS 33

2              RESEARCH METHODOLOGY         34

2.1          RESEARCH DATA               34

FIGURE 2             HORTICULTURE LIGHTING MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION          34

FIGURE 3             HORTICULTURE LIGHTING MARKET: RESEARCH DESIGN 35

2.1.1      SECONDARY DATA           35

2.1.1.1   LIST OF KEY SECONDARY SOURCES           36

2.1.1.2   KEY DATA FROM SECONDARY SOURCES 36

2.1.2      PRIMARY DATA 37

2.1.2.1   BREAKDOWN OF PRIMARIES      37

2.1.2.2   KEY DATA FROM PRIMARY SOURCES       38

2.1.2.3   KEY INDUSTRY INSIGHTS               38

2.1.3      SECONDARY AND PRIMARY RESEARCH   39

2.2          MARKET SIZE ESTIMATION          39

FIGURE 4             MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS        40

FIGURE 5             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUES GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/ SERVICES OFFERED IN HORTICULTURE LIGHTING MARKET 40

FIGURE 6             HORTICULTURE LIGHTING MARKET: RESEARCH METHODOLOGY –ILLUSTRATION OF COMPANY (SIGNIFY) REVENUE ESTIMATION  41

FIGURE 7             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2—DEMAND-SIDE ANALYSIS     42

FIGURE 8             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2—DEMAND-SIDE ANALYSIS     42

2.2.1      BOTTOM-UP APPROACH              43

2.2.1.1   APPROACH FOR CALCULATING MARKET SIZE USING BOTTOM-UP ANALYSIS        43

FIGURE 9             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    43

2.2.2      TOP-DOWN APPROACH                44

2.2.2.1   APPROACH FOR CALCULATING MARKET SIZE USING TOP-DOWN ANALYSIS          44

FIGURE 10           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH      44

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        45

FIGURE 11           DATA TRIANGULATION METHODOLOGY               45

2.4          RESEARCH ASSUMPTIONS           46

TABLE 2                ASSUMPTIONS FOR RESEARCH STUDY    46

2.5          LIMITATIONS     46

3              EXECUTIVE SUMMARY  47

FIGURE 12           HARDWARE SEGMENT ACCOUNTED FOR LARGE SHARE OF HORTICULTURE LIGHTING MARKET IN 2019   47

FIGURE 13           LED SEGMENT TO ACCOUNT FOR LARGEST SHARE OF HORTICULTURE LIGHTING MARKET FROM 2019 TO 2025       48

FIGURE 14           INTERLIGHTING SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025       49

FIGURE 15           FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025        49

FIGURE 16           GREENHOUSES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025      50

FIGURE 17           RETROFIT INSTALLATIONS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGH CAGR FROM 2020 TO 2025        51

FIGURE 18           HORTICULTURE LIGHTING MARKET, BY REGION, 2019     52

3.1          SUMMARY OF CHANGES (COMPARATIVE ANALYSIS)      53

3.2          ESCALATING DEMAND FOR LIGHTING CONTROLS DUE TO REQUIREMENT OF PRECISE LIGHTING SPECTRUM         54

TABLE 3                HORTICULTURE LIGHTING HARDWARE MARKET, BY TYPE,

2016–2019 (USD MILLION)           54

TABLE 4                HORTICULTURE LIGHTING HARDWARE MARKET, BY TYPE,

2020–2025 (USD MILLION)           54

3.3          FOOD SAFETY: KEY ASPECTS FOR CEA GROWERS                55

3.4          IMPACT OF COVID-19 ON HORTICULTURE LIGHTING MARKET     55

3.4.1      HORTICULTURE LIGHTING MARKET SCENARIO ANALYSIS               56

FIGURE 19           SCENARIO ANALYSIS, 2020–2025               56

FIGURE 20           NORMALIZATION OF LIGHTING SUPPLY CHAIN AND TRADE TO IMPACT HORTICULTURE LIGHTING MARKET GLOBALLY           57

FIGURE 21           SPECTRUM OF SCENARIOS FOR HORTICULTURE LIGHTING INDUSTRY FROM 2020 TO 2021 DEPENDING ON UNCERTAINTIES CAUSED BY COVID-19   58

3.4.2      REALISTIC SCENARIO (POST-COVID-19)  58

3.4.3      OPTIMISTIC SCENARIO (POST-COVID-19)              59

3.4.4      PESSIMISTIC SCENARIO (POST-COVID-19)            59

3.4.5      KEY INSIGHTS ON IMPACT OF COVID-19 ON HORTICULTURE LIGHTING MARKET 59

4              PREMIUM INSIGHTS       61

4.1          ATTRACTIVE OPPORTUNITIES IN HORTICULTURE LIGHTING MARKET       61

FIGURE 22           INCREASING ADOPTION OF CONTROLLED-ENVIRONMENT AGRICULTURE PRACTICES IN URBAN AREAS TO DRIVE DEMAND FOR HORTICULTURE LIGHTS       61

4.2          HORTICULTURE LIGHTING MARKET, BY OFFERING            61

FIGURE 23           HARDWARE SEGMENT TO ACCOUNT FOR LARGE SHARE OF HORTICULTURE LIGHTING MARKET IN 2025  61

4.3          HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY     62

FIGURE 24           LED SEGMENT ACCOUNTED FOR LARGEST SIZE OF HORTICULTURE LIGHTING FROM 2020 TO 2025              62

4.4          HORTICULTURE LIGHTING MARKET IN APAC,  BY APPLICATION AND GEOGRAPHY             62

FIGURE 25           VERTICAL FARMS SEGMENT AND SOUTHEAST ASIA TO ACCOUNT FOR LARGEST SHARES OF HORTICULTURE LIGHTING MARKET IN APAC IN 2025        62

4.5          HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE  63

FIGURE 26           TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGE SHARE OF HORTICULTURE LIGHTING MARKET IN 2025                63

4.6          HORTICULTURE LIGHTING MARKET, BY CULTIVATION     63

FIGURE 27           FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025        63

4.7          HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY       64

FIGURE 28           HORTICULTURE LIGHTING MARKET IN SOUTHEAST ASIA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025                64

5              MARKET OVERVIEW       65

5.1          INTRODUCTION                65

5.2          MARKET DYNAMICS       65

FIGURE 29           HORTICULTURE LIGHTING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES               65

5.2.1      DRIVERS               66

5.2.1.1   STRONG GOVERNMENT SUPPORT FOR CONTROLLED-ENVIRONMENT AGRICULTURE (CEA) PRACTICES AND ADOPTION OF SSL TECHNOLOGY              66

5.2.1.2   HIGH DEMAND FOR FRESH PRODUCE IN QUICK TIME OWING TO POPULATION GROWTH AND LOSS OF ARABLE LAND     67

FIGURE 30           POPULATION VS. ARABLE LAND STATISTICS, 1950–2050 67

5.2.1.3   INCREASED FUNDING TO BUILD VERTICAL FARMS AND GREENHOUSES,  ALONG WITH LEGALIZATION OF CANNABIS CULTIVATION    68

TABLE 5                LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING  69

TABLE 6                REDUCTION IN HARVEST CYCLE USING LED HORTICULTURE LIGHTING ON CANNABIS STRAINS    69

5.2.1.4   EXTENSIVE DEPLOYMENT OF LED FIXTURES IN CONTROLLED AGRICULTURAL ENVIRONMENT       70

TABLE 7                LIST OF DEVELOPMENTS SHOWING LED INSTALLATIONS FROM 

APRIL 2018 TO JANUARY 2020     70

TABLE 8                TYPICAL SPECIFICATIONS OF LED VS. HID              71

5.2.1.5   WIDESPREAD USE OF AUTOMATED AND ENERGY-EFFICIENT LIGHTING FIXTURES TO MINIMIZE ENERGY COSTS AND REGULATE PLANT GROWTH        72

FIGURE 31           IMPACT ANALYSIS OF DRIVERS ON HORTICULTURE LIGHTING MARKET   73

5.2.2      RESTRAINTS       73

5.2.2.1   HIGH SETUP AND INSTALLATION COSTS OF LED GROW LIGHTS   73

5.2.2.2   COMPLEX REQUIREMENT FOR VARIED LIGHT SPECTRA FOR DIFFERENT CROPS    74

TABLE 9                STANDARD SPECTRA      74

FIGURE 32           IMPACT ANALYSIS OF RESTRAINTS ON HORTICULTURE LIGHTING MARKET           75

5.2.3      OPPORTUNITIES               75

5.2.3.1   PROMISING TREND OF FARM-TO-TABLE CONCEPT           75

5.2.3.2   POTENTIAL MARKET OPPORTUNITIES IN ASIAN AND MIDDLE EASTERN ECONOMIES FOR VERTICAL FARMING     75

5.2.3.3   YEAR-ROUND CROP PRODUCTION, IRRESPECTIVE OF WEATHER CONDITIONS      76

5.2.3.4   GRADUAL EMERGENCE OF HORTICULTURE LIGHTING SOFTWARE AND CALCULATOR       76

FIGURE 33           IMPACT ANALYSIS OF OPPORTUNITIES ON HORTICULTURE LIGHTING MARKET   77

5.2.4      CHALLENGES      77

5.2.4.1   COMPLEXITIES ASSOCIATED WITH DEPLOYMENT OF CONTROLLED ENVIRONMENT AGRICULTURE TECHNOLOGY IN LARGE-SIZED FIELDS AND HIGH NEED FOR TECHNICAL KNOW-HOW         77

5.2.4.2   LACK OF STANDARD TESTING PRACTICES FOR ACCESSING PRODUCT QUALITY OF HORTICULTURE LIGHTS AND THEIR FIXTURES             78

5.2.4.3   EFFECTIVE INTEGRATION OF DIFFERENT COMPONENTS AND TECHNOLOGIES USED IN CEA FACILITIES     78

FIGURE 34           IMPACT ANALYSIS OF CHALLENGES ON HORTICULTURE LIGHTING MARKET          79

TABLE 10              KEY TAKEAWAYS FOR SUPPLIERS/COMPONENT PROVIDERS        79

6              INDUSTRY TRENDS          80

6.1          INTRODUCTION                80

6.2          VALUE CHAIN ANALYSIS               80

FIGURE 35           VALUE CHAIN ANALYSIS: HORTICULTURE LIGHTING MARKET      80

6.2.1      RESEARCH AND DEVELOPMENT 80

6.2.2      COMPONENT PROVIDERS/INPUT SUPPLIERS      80

6.2.3      ORIGINAL EQUIPMENT MANUFACTURERS           81

6.2.4      SYSTEM INTEGRATORS, TECHNOLOGY, AND SERVICE PROVIDERS              81

6.2.5      DISTRIBUTORS AND SALES PARTNERS     81

TABLE 11              SIGNIFY: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS           82

TABLE 12              HELIOSPECTRA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS             82

TABLE 13              GAVITA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS           82

TABLE 14              OSRAM: LIST OF MAJOR DISTRIBUTORS 84

6.2.6      END USERS         84

6.3          MARKET MAP: HORTICULTURE LIGHITNG MARKET           84

FIGURE 36           MARKET MAP: HORTICULTURE LIGHTING MARKET           84

6.4          KEY TECHNOLOGY AND INDUSTRY TRENDS           85

TABLE 15              LEADING TRENDS IN HORTICULTURE LIGHTING MARKET               85

6.5          PRICING ANALYSIS          86

TABLE 16              INDICATIVE PRICES OF HORTICULTURE LIGHTING FIXTURES         86

6.6          PATENT ANALYSIS           87

TABLE 17              PATENTS REGISTERED: HORTICULTURE LIGHTING MARKET           87

6.7          TARIFF REGULATIONS REGARDING HORTICULTURE LIGHTING    89

TABLE 18              TARIFF REGULATIONS: HORTICULTURE LIGHTING             89

6.8          LIGHTING PRODUCTS: TARIFF-RELATED DATA     90

6.9          CASE STUDIES    90

6.9.1      INTRODUCTION                90

6.9.2      BEIJING VEGETABLE RESEARCH CENTER 90

TABLE 19              SIGNIFY HOLDING (NETHERLANDS) PROVIDED PHILIPS GREENPOWER LED TOPLIGHTING TO GROW VEGETABLE SEEDLINGS UNDER ARTIFICIAL LIGHTS TO BVRC (CHINA)       90

6.9.3      KERNOCK PARK PLANTS                91

TABLE 20              KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS)            91

6.9.4      SCEA LA GIRAUDIÈRE     91

TABLE 21              SCEA LA GIRAUDIÈRE (FRANCE) USED HORTILUX HYBRID LED TO PRODUCE JUICY, SWEET VINE TOMATOES THROUGHOUT  YEAR      91

6.9.5      GLENWOOD VALLEY FARMS        92

TABLE 22              GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE ITS YIELDS       92

6.9.6      BOTANICA          92

TABLE 23              HORTILUX HELPED BOTANICA (RUSSIA) TO INCREASE ITS CUCUMBER PRODUCTION        92

6.9.7      GREEN SIMPLICITY          93

TABLE 24              GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX HORTILED MULTI   93

6.9.8      LJUSGÅRDA        93

TABLE 25              LJUSGÅRDA ACHIEVED ULTIMATE VERTICAL GROWTH, FROM 0 TO 7,000 SQ.M. USING LED LIGHTING SOLUTION AND CONTROL SYSTEM OF HELIOSPECTRA     93

6.9.9      NS BRANDS        94

TABLE 26              HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE  TOMATO TRIALS      94

6.9.10    SANOID ISOLATES            94

TABLE 27              HELIOSPECTRA AB (SWEDEN) HELPED SANOID ISOLATES (SPAIN) TO PRODUCE CANNABIS EXTRACTIONS WITH HIGHEST LEVELS OF QUALITY, TRACEABILITY, AND CONSISTENCY   94

6.10        HID (HPS) VS. LED: TREND ANALYSIS        95

TABLE 28              FACTORS LEADING TO RELUCTANCE FOR ADOPTION OF LED LIGHTS         95

6.10.1    VIEWS OF INDUSTRY EXPERTS PERTAINING TO INCREASING ADOPTION OF LED LIGHTS  95

6.10.2    HID (HPS) VS LED PRICING ANALYSIS       96

TABLE 29              INDICATIVE TABLE: CAPEX AND OPEX FOR LEDS AND HPS              96

7              HORTICULTURE LIGHTING MARKET, BY APPLICATION     97

7.1          INTRODUCTION                98

FIGURE 37           HORTICULTURE LIGHTING MARKET, BY APPLICATION     98

FIGURE 38           VERTICAL FARMS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025      99

TABLE 30              HORTICULTURE LIGHTING MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           99

TABLE 31              HORTICULTURE LIGHTING MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           99

7.2          GREENHOUSES 100

7.2.1      GREENHOUSES USE GROW LIGHTS FOR INCREASED HORTICULTURE YIELDS          100

TABLE 32              HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY REGION,

 2016–2019 (USD MILLION)          101

TABLE 33              HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY REGION, 

2020–2025 (USD MILLION)           101

TABLE 34              HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY TECHNOLOGY,  2016–2019 (USD MILLION)    102

TABLE 35              HORTICULTURE LIGHTING MARKET FOR GREENHOUSES, BY TECHNOLOGY,  2020–2025 (USD MILLION)    102

7.3          VERTICAL FARMS             102

7.3.1      OPTIMUM USE OF VERTICAL SPACES AND ENERGY TO RESULT IN DEMAND FOR HORTICULTURE LIGHTING IN VERTICAL FARMS             102

7.3.2      REGION-WISE RECENT DEVELOPMENTS IN VERTICAL FARMING MARKET               103

TABLE 36              VERTICAL FARMING DEVELOPMENTS IN NORTH AMERICA           103

TABLE 37              VERTICAL FARMING DEVELOPMENTS IN EUROPE              105

TABLE 38              VERTICAL FARMING DEVELOPMENTS IN APAC   106

TABLE 39              VERTICAL FARMING DEVELOPMENTS IN MIDDLE EAST   106

TABLE 40              HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY REGION,  2016–2019 (USD MILLION)           107

TABLE 41              HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY REGION,  2020–2025 (USD MILLION)           107

TABLE 42              HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY TECHNOLOGY,  2016–2019 (USD MILLION)                107

TABLE 43              HORTICULTURE LIGHTING MARKET FOR VERTICAL FARMS, BY TECHNOLOGY,  2020–2025 (USD MILLION)                108

7.4          INDOOR FARMS               108

7.4.1      TECHNOLOGICAL ADVANCEMENTS IN GROW LIGHTS HELP IN EFFECTIVE INDOOR FARMING TO INCREASE CROP YIELDS   108

TABLE 44              HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY REGION, 

2016–2019 (USD MILLION)           109

TABLE 45              HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY REGION,

 2020–2025 (USD MILLION)          109

TABLE 46              HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY TECHNOLOGY, 2016–2019 (USD MILLION)   109

TABLE 47              HORTICULTURE LIGHTING MARKET FOR INDOOR FARMS, BY TECHNOLOGY,  2020–2025 (USD MILLION)  110

7.5          OTHERS                110

TABLE 48              HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY REGION,  2016–2019 (USD MILLION) 111

TABLE 49              HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS, BY REGION,  2020–2025 (USD MILLION) 111

TABLE 50              HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS,

BY TECHNOLOGY,  2016–2019 (USD MILLION)      111

TABLE 51              HORTICULTURE LIGHTING MARKET FOR OTHER APPLICATIONS,

BY TECHNOLOGY,  2020–2025 (USD MILLION)      112

8              HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE         113

8.1          INTRODUCTION                114

FIGURE 39           HORTICULTURE LIGHTING MARKET BY INSTALLATION TYPE          114

FIGURE 40           NEW INSTALLATIONS SEGMENT TO ACCOUNT FOR LARGE SIZE OF HORTICULTURE LIGHTING MARKET IN 2025       114

TABLE 52              HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE,

 2016–2019 (USD MILLION)          115

TABLE 53              HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE,

 2020–2025 (USD MILLION)          115

8.2          NEW INSTALLATIONS     116

8.2.1      GROWING GLOBAL ADOPTION OF VERTICAL FARMS TO FUEL GROWTH OF NEW INSTALLATIONS SEGMENT OF HORTICULTURE LIGHTING MARKET         116

TABLE 54              HORTICULTURE LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION,  2016–2019 (USD MILLION)   116

TABLE 55              HORTICULTURE LIGHTING MARKET FOR NEW INSTALLATIONS, BY REGION,  2020–2025 (USD MILLION)   117

8.3          RETROFIT INSTALLATIONS            117

8.3.1      RETROFITTING OF EXISTING LIGHT FIXTURES HELP SAVE ENERGY AND IMPROVE YIELD QUALITY IN COMMERCIAL GREENHOUSES AND VERTICAL FARMS   117

TABLE 56              HORTICULTURE LIGHTING MARKET FOR RETROFIT INSTALLATIONS,

BY REGION,  2016–2019 (USD MILLION) 118

TABLE 57              HORTICULTURE LIGHTING MARKET FOR RETROFIT INSTALLATIONS,

 BY REGION,  2020–2025 (USD MILLION)                118

9              HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE  119

9.1          INTRODUCTION                120

FIGURE 41           HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE  120

FIGURE 42           TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGE SIZE OF HORTICULTURE LIGHTING MARKET IN 2025   120

TABLE 58              HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,

2016–2019 (USD MILLION)           121

TABLE 59              HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,

2020–2025 (USD MILLION)           121

9.2          TOPLIGHTING    121

9.2.1      PROMINENCE OF TOPLIGHTING IN CEA FACILITIES           121

TABLE 60              HORTICULTURE TOPLIGHTING MARKET, BY REGION,

2016–2019 (USD MILLION)           122

TABLE 61              HORTICULTURE TOPLIGHTING MARKET, BY REGION,

2020–2025 (USD MILLION)           122

9.3          INTERLIGHTING                122

9.3.1      INCREASED USE OF INTERLIGHTING TO OFFER ADEQUATE LIGHT TO LOWER PARTS OF PLANTS   122

FIGURE 43           HORTICULTURE INTERLIGHTING MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025       123

TABLE 62              HORTICULTURE INTERLIGHTING MARKET, BY REGION,

2016–2019 (USD MILLION)           123

TABLE 63              HORTICULTURE INTERLIGHTING MARKET, BY REGION,

2020–2025 (USD MILLION)           124

10           HORTICULTURE LIGHTING MARKET, BY OFFERING            125

10.1        INTRODUCTION                126

FIGURE 44           HORTICULTURE LIGHTING MARKET, BY OFFERING            126

FIGURE 45           HARDWARE SEGMENT TO HOLD LARGE SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025 127

TABLE 64              HORTICULTURE LIGHTING MARKET, BY OFFERING,

 2016–2019 (USD MILLION)          127

TABLE 65              HORTICULTURE LIGHTING MARKET, BY OFFERING,

 2020–2025 (USD MILLION)          127

10.2        HARDWARE        128

10.2.1    LIGHTING FIXTURES        128

10.2.1.1                GROWING USE OF HPS AND LED LIGHTS IN CEA FACILITIES           128

10.2.2    LIGHTING CONTROLS     128

10.2.2.1                INCREASING DEMAND FOR LED DRIVERS AND BALLASTS AS LIGHTING CONTROLS IN CEA FACILITIES        128

TABLE 66              HORTICULTURE LIGHTING MARKET FOR HARDWARE, BY REGION,

 2016–2019 (USD MILLION)          129

TABLE 67              HORTICULTURE LIGHTING MARKET FOR HARDWARE, BY REGION, 

2020–2025 (USD MILLION)           129

10.3        SOFTWARE AND SERVICES           130

10.3.1    GROWING ADOPTION OF HORTICULTURE LIGHTING SOFTWARE AND SERVICES TO ENSURE SEAMLESS OPERATIONS OF GREENHOUSES AND INDOOR FARMS               130

TABLE 68              HORTICULTURE LIGHTING MARKET FOR SOFTWARE AND SERVICES,

BY REGION,  2016–2019 (USD MILLION) 131

TABLE 69              HORTICULTURE LIGHTING MARKET FOR SOFTWARE AND SERVICES, 

BY REGION, 2020–2025 (USD MILLION)  131

11           HORTICULTURE LIGHTING MARKET, BY CULTIVATION     132

11.1        INTRODUCTION                133

FIGURE 46           HORTICULTURE LIGHTING MARKET BY CULTIVATION TYPE            133

FIGURE 47           FRUITS AND VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FROM 2020 TO 2025        133

TABLE 70              HORTICULTURE LIGHTING MARKET, BY CULTIVATION,

2016–2019 (USD MILLION)           134

TABLE 71              HORTICULTURE LIGHTING MARKET, BY CULTIVATION,

2020–2025 (USD MILLION)           134

11.2        FRUITS AND VEGETABLES             134

11.2.1    INCREASED DEMAND FOR HIGH-QUALITY ORGANIC FRUITS AND VEGETABLES PROMOTE ADOPTION OF HORTICULTURE LIGHTING IN VERTICAL FARMS AND GREENHOUSES        134

TABLE 72              HORTICULTURE LIGHTING MARKET FOR FRUITS AND VEGETABLES,

BY REGION,  2016–2019 (USD MILLION) 137

TABLE 73              HORTICULTURE LIGHTING MARKET FOR FRUITS AND VEGETABLES,

BY REGION,  2020–2025 (USD MILLION) 137

11.3        FLORICULTURE  138

11.3.1    EUROPE TO HOLD LARGE SIZE OF HORTICULTURE LIGHTING MARKET FOR FLORICULTURE FROM 2020 TO 2025     138

FIGURE 48           EUROPE TO HOLD LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FOR FLORICULTURE IN 2020         139

TABLE 74              HORTICULTURE LIGHTING MARKET FOR FLORICULTURE, BY REGION, 

2016–2019 (USD MILLION)           139

TABLE 75              HORTICULTURE LIGHTING MARKET FOR FLORICULTURE, BY REGION, 

2020–2025 (USD MILLION)           139

11.4        CANNABIS          140

11.4.1    CANNABIS SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025   140

FIGURE 49           NORTH AMERICA TO HOLD LARGEST SIZE OF HORTICULTURE LIGHTING MARKET FOR CANNABIS IN 2025                141

TABLE 76              HORTICULTURE LIGHTING MARKET FOR CANNABIS, BY REGION, 

2016–2019 (USD MILLION)           142

TABLE 77              HORTICULTURE LIGHTING MARKET FOR CANNABIS, BY REGION, 

2020–2025 (USD MILLION)           142

12           HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY     143

12.1        INTRODUCTION                144

FIGURE 50           HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY     144

FIGURE 51           LED SEGMENT OF HORTICULTURE LIGHTING MARKET TO GROW AT HIGHEST CAGR FROM 2020 TO 2025 145

TABLE 78              HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY,

2016–2019 (USD MILLION)           145

TABLE 79              HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY,

2020–2025 (USD MILLION)           146

TABLE 80              HORTICULTURE LIGHTING MARKET, BY TECHNOLOGY,

2016–2019 (THOUSAND UNITS) 146

TABLE 81              HORTICULTURE LIGHTING MARKET, BY  TECHNOLOGY,

2020–2025 (THOUSAND UNITS) 146

12.2        FLUORESCENT   147

12.2.1    T5 FLUORESCENT LIGHTS              147

12.2.1.1                INCREASING USE OF T5 FLUORESCENT LIGHTS FOR INDOOR CULTIVATION           147

12.2.2    COMPACT FLUORESCENT LAMP (CFL)     148

12.2.2.1                SURGING ADOPTION OF CFL FOR GROWING HERBS AND PLANTS IN SMALL SPACES         148

TABLE 82              HORTICULTURE LIGHTING MARKET FOR FLUORESCENT TECHNOLOGY,

BY APPLICATION, 2016–2019 (USD MILLION)       148

TABLE 83              HORTICULTURE LIGHTING MARKET FOR FLUORESCENT TECHNOLOGY,

BY APPLICATION, 2020–2025 (USD MILLION)       148

12.3        HIGH-INTENSITY DISCHARGE (HID)          149

12.3.1    HIGH-PRESSURE SODIUM (HPS) LAMPS 149

12.3.1.1                GROWING USE OF HPS LAMPS FOR UNIFORM DISTRIBUTION OF LIGHT ACROSS CROPS 149

12.3.2    METAL-HALIDE (MH) LAMPS       150

12.3.2.1                SURGING DEMAND FOR METAL-HALIDE LAMPS DURING INITIAL VEGETATIVE STAGE OF PLANT GROWTH                150

TABLE 84              HORTICULTURE LIGHTING MARKET FOR HID TECHNOLOGY, BY APPLICATION,  2016–2019 (USD MILLION)                150

TABLE 85              HORTICULTURE LIGHTING MARKET FOR HID TECHNOLOGY, BY APPLICATION,  2020–2025 (USD MILLION)                150

12.4        HPS VS MH         151

TABLE 86              HORTICULTURE HID LIGHTING MARKET, BY TYPE, 2016–2019 (USD MILLION)        151

TABLE 87              HORTICULTURE HID LIGHTING MARKET, BY TYPE, 2020–2025 (USD MILLION)        151

TABLE 88              HORTICULTURE HPS LIGHTING MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           151

TABLE 89              HORTICULTURE HPS LIGHTING MARKET, BY TYPE,

 2020–2025 (USD MILLION)          152

12.5        LIGHT-EMITTING DIODE (LED)    152

12.5.1    RISING PENETRATION OF LED LIGHTS IN INDOOR FARMING DUE TO THEIR LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY            152

TABLE 90              COMPARISON OF DIFFERENT LIGHT SOURCES    153

TABLE 91              HORTICULTURE LIGHTING MARKET FOR LED TECHNOLOGY, BY APPLICATION,  2016–2019 (USD MILLION)                154

TABLE 92              HORTICULTURE LIGHTING MARKET FOR LED TECHNOLOGY, BY APPLICATION,  2020–2025 (USD MILLION)                154

12.6        OTHER TECHNOLOGIES  155

TABLE 93              HORTICULTURE LIGHTING MARKET FOR OTHER TECHNOLOGIES,

BY APPLICATION,  2016–2019 (USD MILLION)      155

TABLE 94              HORTICULTURE LIGHTING MARKET FOR OTHER TECHNOLOGIES,

BY APPLICATION,  2020–2025 (USD MILLION)      155

13           GEOGRAPHIC ANALYSIS                156

13.1        INTRODUCTION                157

FIGURE 52           HORTICULTURE LIGHTING MARKET, BY REGION 157

TABLE 95              HORTICULTURE LIGHTING MARKET, BY REGION, 2016–2019 (USD MILLION)         157

TABLE 96              HORTICULTURE LIGHTING MARKET, BY REGION, 2020–2025 (USD MILLION)         157

13.2        NORTH AMERICA             158

FIGURE 53           NORTH AMERICA HORTICULTURE LIGHTING MARKET SNAPSHOT              158

TABLE 97              NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY OFFERING,

 2016–2019 (USD MILLION)          159

TABLE 98              NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY OFFERING,

 2020–2025 (USD MILLION)          159

TABLE 99              NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION,  2016–2019 (USD MILLION)         159

TABLE 100            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY APPLICATION,  2020–2025 (USD MILLION)         160

TABLE 101            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,  2016–2019 (USD MILLION)      160

TABLE 102            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,  2020–2025 (USD MILLION)      160

TABLE 103            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION,  2016–2019 (USD MILLION)         161

TABLE 104            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY CULTIVATION,  2020–2025 (USD MILLION)         161

TABLE 105            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE,  2016–2019 (USD MILLION)                161

TABLE 106            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE,  2020–2025 (USD MILLION)                161

TABLE 107            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY, 

2016–2019 (USD MILLION)           162

TABLE 108            NORTH AMERICA HORTICULTURE LIGHTING MARKET, BY COUNTRY,

 2020–2025 (USD MILLION)          162

13.2.1    US          162

13.2.1.1                INCREASING NUMBER OF VERTICAL FARMS AND GREENHOUSES IN US TO ADDRESS REQUIREMENT OF FRESH HORTICULTURE PRODUCE              162

13.2.2    CANADA              163

13.2.2.1                SURGING ADOPTION OF HORTICULTURE LIGHTING IN CANADA OWING TO UNFAVORABLE CLIMATIC CONDITIONS AND REQUIRED GOVERNMENT SUPPORT  163

13.2.3    MEXICO               164

13.2.3.1                GROWING POPULATION AND SCARCITY OF RESOURCES INCREASE ADOPTION OF CEA FACILITIES IN MEXICO               164

13.3        EUROPE               164

FIGURE 54           EUROPE HORTICULTURE LIGHTING MARKET SNAPSHOT                165

TABLE 109            EUROPE HORTICULTURE LIGHTING MARKET, BY OFFERING,

2016–2019 (USD MILLION)           165

TABLE 110            EUROPE HORTICULTURE LIGHTING MARKET, BY OFFERING,

2020–2025 (USD MILLION)           166

TABLE 111            EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION,

 2016–2019 (USD MILLION)          166

TABLE 112            EUROPE HORTICULTURE LIGHTING MARKET, BY APPLICATION, 

2020–2025 (USD MILLION)           166

TABLE 113            EUROPE HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 

2016–2019 (USD MILLION)           167

TABLE 114            EUROPE HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE, 

2020–2025 (USD MILLION)           167

TABLE 115            EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 

2016–2019 (USD MILLION)           167

TABLE 116            EUROPE HORTICULTURE LIGHTING MARKET, BY CULTIVATION, 

2020–2025 (USD MILLION)           168

TABLE 117            EUROPE HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 

2016–2019 (USD MILLION)           168

TABLE 118            EUROPE HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 

2020–2025 (USD MILLION)           168

TABLE 119            EUROPE HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY,

2016–2019 (USD MILLION)           169

TABLE 120            EUROPE HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY,

2020–2025 (USD MILLION)           169

13.3.1    UK          169

13.3.1.1                INCREASING NUMBER OF NEW VERTICAL FARMS AND GREENHOUSES TO FUEL DEMAND FOR HORTICULTURE LIGHTING MARKET IN UK             169

13.3.2    GERMANY           170

13.3.2.1                GROWING FOCUS ON PROVIDING RIGHT LIGHT REGIMES SUITABLE FOR DIFFERENT CROPS USING HORTICULTURE LIGHTS IN GERMANY     170

13.3.3    NETHERLANDS  170

13.3.3.1                CONTINUING DOMINANCE OF NETHERLANDS AS ONE OF LEADING EXPORTERS OF AGRICULTURAL PRODUCTS IN EUROPE  170

13.3.4    SCANDINAVIA   171

13.3.4.1                INCREASING FOCUS ON MINIMIZING FRESH FRUIT AND VEGETABLE IMPORTS TO FUEL DEMAND FOR HORTICULTURE LIGHTING IN SCANDINAVIAN COUNTRIES            171

13.3.5    REST OF EUROPE              172

13.4        APAC     172

FIGURE 55           APAC HORTICULTURE LIGHTING MARKET SNAPSHOT      173

TABLE 121            APAC HORTICULTURE LIGHTING MARKET, BY OFFERING,

2016–2019 (USD MILLION)           173

TABLE 122            APAC HORTICULTURE LIGHTING MARKET, BY OFFERING,

2020–2025 (USD MILLION)           174

TABLE 123            APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           174

TABLE 124            APAC HORTICULTURE LIGHTING MARKET, BY APPLICATION,

 2020–2025 (USD MILLION)          174

TABLE 125            APAC HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,

2016–2019 (USD MILLION)           175

TABLE 126            APAC HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,

2020–2025 (USD MILLION)           175

TABLE 127            APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION,

 2016–2019 (USD MILLION)          175

TABLE 128            APAC HORTICULTURE LIGHTING MARKET, BY CULTIVATION,

2020–2025 (USD MILLION)           175

TABLE 129            APAC HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 

2016–2019 (USD MILLION)           176

TABLE 130            APAC HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 

2020–2025 (USD MILLION)           176

TABLE 131            APAC HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY,

2016–2019 (USD MILLION)           176

TABLE 132            APAC HORTICULTURE LIGHTING MARKET, BY GEOGRAPHY,

2020–2025 (USD MILLION)           177

13.4.1    CHINA   177

13.4.1.1                GROWING POPULATION IN CHINA TO FUEL ADOPTION OF CEA PRACTICES          177

13.4.2    JAPAN  178

13.4.2.1                RISING ADOPTION OF URBAN FARMING PRACTICES TO ENCOURAGE USE OF HORTICULTURE LIGHTS IN JAPAN  178

13.4.3    AUSTRALIA         179

13.4.3.1                LEGALIZING CANNABIS CULTIVATION, ALONG WITH LESS RAINFALL, TO FUEL GROWTH OF HORTICULTURE LIGHTING MARKET IN AUSTRALIA            179

13.4.4    SOUTHEAST ASIA             179

13.4.4.1                RISING DEMAND FOR FRESH HORTICULTURE PRODUCE AND INCREASING SUPPORT FROM GOVERNMENTS OF SOUTHEAST ASIAN COUNTRIES TO FUEL MARKET GROWTH  179

13.4.5    REST OF APAC   180

13.5        REST OF THE WORLD (ROW)        181

TABLE 133            ROW HORTICULTURE LIGHTING MARKET, BY OFFERING,

2016–2019 (USD MILLION)           181

TABLE 134            ROW HORTICULTURE LIGHTING MARKET, BY OFFERING,

2020–2025 (USD MILLION)           181

TABLE 135            ROW HORTICULTURE LIGHTING MARKET, BY APPLICATION,

 2016–2019 (USD MILLION)          181

TABLE 136            ROW HORTICULTURE LIGHTING MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           182

TABLE 137            ROW HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,

2016–2019 (USD MILLION)           182

TABLE 138            ROW HORTICULTURE LIGHTING MARKET, BY LIGHTING TYPE,

 2020–2025 (USD MILLION)          182

TABLE 139            ROW HORTICULTURE LIGHTING MARKET, BY CULTIVATION,

2016–2019 (USD MILLION)           182

TABLE 140            ROW HORTICULTURE LIGHTING MARKET, BY CULTIVATION,

2020–2025 (USD MILLION)           183

TABLE 141            ROW HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE, 

2016–2019 (USD MILLION)           183

TABLE 142            ROW HORTICULTURE LIGHTING MARKET, BY INSTALLATION TYPE,

 2020–2025 (USD MILLION)          183

TABLE 143            ROW HORTICULTURE LIGHTING MARKET, BY REGION,

 2016–2019 (USD MILLION)          183

TABLE 144            ROW HORTICULTURE LIGHTING MARKET, BY REGION,

2020–2025 (USD MILLION)           184

13.5.1    MIDDLE EAST     184

13.5.1.1                INCREASING INVESTMENTS FOR LOCAL FOOD PRODUCTION IN MIDDLE EAST     184

13.5.2    AFRICA 184

13.5.2.1                PREVAILING SCARCITY OF WATER AND UNFAVORABLE CLIMATIC CONDITIONS INCREASE ADOPTION OF CEA FACILITIES IN AFRICA            184

13.5.3    SOUTH AMERICA             185

13.5.3.1                SURGING ADOPTION OF VERTICAL FARMS BY START-UPS IN SOUTH AMERICA   185

14           COMPETITIVE LANDSCAPE           186

14.1        OVERVIEW          186

FIGURE 56           COMPANIES ADOPTED NEW PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020          186

14.2        MARKET SHARE AND RANKING ANALYSIS OF KEY PLAYERS IN HORTICULTURE LIGHTING MARKET              187

TABLE 145            HORTICULTURE LIGHTING MARKET SHARE AND RANKING ANALYSIS, 2019            187

14.3        HISTORICAL REVENUE ANALYSIS, 2015–2019       188

TABLE 146            HISTORICAL REVENUE ANALYSIS OF COMPANIES OFFERING HORTICULTURE LIGHTS, 2015– 2019 (USD MILLION)             188

14.4        COMPANY EVALUATION QUADRANT     189

FIGURE 57           HORTICULTURE LIGHTING MARKET (GLOBAL): COMPANY EVALUATION MATRIX, 2019    189

14.4.1    STAR      189

14.4.2    EMERGING LEADER         189

14.4.3    PERVASIVE         190

14.4.4    PARTICIPANT     190

14.5        START-UP/SME EVALUATION MATRIX, 2019        190

FIGURE 58           HORTICULTURE LIGHTING MARKET (GLOBAL): START-UP/SME EVALUATION MATRIX, 2019          190

14.5.1    PROGRESSIVE COMPANIES         191

14.5.2    RESPONSIVE COMPANIES            191

14.5.3    DYNAMIC COMPANIES  191

14.5.4    STARTING BLOCKS           191

14.6        COMPETITIVE SCENARIO              191

14.6.1    PRODUCT LAUNCHES     191

TABLE 147            PRODUCT LAUNCHES, 2019–2020             191

14.6.2    AGREEMENTS, CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS      193

TABLE 148            AGREEMENTS, CONTRACTS, COLLABORATIONS, AND PARTNERSHIPS,

2019–2020           193

14.6.3    EXPANSIONS AND ACQUISITIONS            195

TABLE 149            EXPANSIONS AND ACQUISITIONS, 2019-2020     195

15           COMPANY PROFILES      196

15.1        KEY PLAYERS      196

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

15.1.1    SIGNIFY HOLDING           196

FIGURE 59           SIGNIFY HOLDING: COMPANY SNAPSHOT            197

15.1.2    GAVITA INTERNATIONAL B.V.    203

15.1.3    HELIOSPECTRA AB           206

FIGURE 60           HELIOSPECTRA AB: COMPANY SNAPSHOT            206

15.1.4    OSRAM GMBH (PART OF AMS AG)          210

FIGURE 61           OSRAM GMBH: COMPANY SNAPSHOT   210

15.1.5    CALIFORNIA LIGHTWORKS           215

15.1.6    VALOYA               217

15.1.7    LUMIGROW, INC.            220

15.1.8    HORTILUX SCHRÉDER (DOOL INDUSTRIES)            222

15.1.9    EYE HORTILUX (AN EYE LIGHTING DIVISION)        223

15.1.10  ILUMINAR LIGHTING      225

15.2        OTHER IMPORTANT PLAYERS      227

15.2.1    GE CURRENT, A DAINTREE COMPANY     227

15.2.2    PARSOURCE       227

15.2.3    GE LIGHTING, A SAVANT COMPANY       228

15.2.4    HUBBELL              228

15.2.5    AGROLUX            229

15.2.6    ECONOLUX         229

15.2.7    OREON 230

15.2.8    GLACIALLIGHT—LIGHTING DIVISION OF GLACIALTECH   230

15.2.9    BLACK DOG GROW TECHNOLOGIES INC.               231

15.2.10  VIPARSPECTRA 231

15.3        NOTICEABLE START-UPS               232

15.3.1    ACTIVE GROW LLC           232

15.3.2    AGNETIX              232

15.3.3    THRIVE AGRITECH            233

15.3.4    VIVIDGRO (SUBSIDIARY OF LIGHTING SCIENCE GROUP CORPORATION) 233

15.3.5    HYPERION GROW LIGHTS             234

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

16           APPENDIX           235

16.1        INSIGHTS OF INDUSTRY EXPERTS              235

16.2        QUESTIONNAIRE FOR HORTICULTURE LIGHTING MARKET             236

16.3        KNOWLEDGE STORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL  239

16.4        AVAILABLE CUSTOMIZATIONS   241

16.5        RELATED REPORTS           241

16.6        AUTHOR DETAILS             242

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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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