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Solid State Relay Market with COVID-19 Impact by Mounting Type (Panel, PCB), Output Voltage (AC, DC, AC/DC), Current Rating (Low, Medium, High), Appli...

by Mounting Type (Panel, PCB), Output Voltage (AC, DC, AC/DC), Current Rating (Low, Medium, High), Application (Industrial Automation, Automotive & Transportation), and Geography

Publisher:        MarketsandMarkets

# of Pages:        231

Rating: 

1 User License $4,950

Publication Date:  December, 2020

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                33

1.1          STUDY OBJECTIVES          33

1.2          DEFINITION        33

1.2.1      INCLUSIONS AND EXCLUSIONS  34

1.3          STUDY SCOPE    35

1.3.1      MARKET COVERED          35

1.3.2      GEOGRAPHIC SCOPE      35

1.3.3      YEARS CONSIDERED        36

1.4          CURRENCY          36

1.5          LIMITATIONS     36

1.6          STAKEHOLDERS 37

1.7          SUMMARY OF CHANGES              37

2              RESEARCH METHODOLOGY         38

2.1          RESEARCH DATA               38

FIGURE 1             RESEARCH DESIGN          38

2.1.1      SECONDARY AND PRIMARY RESEARCH   39

2.1.2      SECONDARY DATA           40

2.1.2.1   Secondary sources          40

2.1.3      PRIMARY DATA 41

2.1.3.1   Primary sources                41

2.1.3.2   Key industry insights      42

2.1.3.3   Breakdown of primaries               42

2.2          MARKET SIZE ESTIMATION          43

2.2.1      BOTTOM-UP APPROACH              43

2.2.1.1   Approach for arriving at the market share by bottom-up approach (demand side)            43

FIGURE 2             BOTTOM-UP APPROACH              44

2.2.2      TOP-DOWN APPROACH                44

2.2.2.1   Approach for arriving at the market share by top-down analysis (supply side)     44

FIGURE 3             TOP-DOWN APPROACH                45

FIGURE 4             MARKET SIZE ESTIMATION METHODOLOGY FOR SOLID STATE RELAY (SSR) MARKET THROUGH SUPPLY SIDE ANALYSIS            45

2.3          DATA TRIANGULATION 46

FIGURE 5             DATA TRIANGULATION 46

2.4          RESEARCH ASSUMPTIONS           47

 

3              EXECUTIVE SUMMARY  48

FIGURE 6             SOLID STATE RELAY (SSR) MARKET: SEGMENTATION       48

TABLE 1                SOLID STATE RELAY, IN TERMS OF VALUE AND VOLUME, 2016–2019         48

TABLE 2                SOLID STATE RELAY, IN TERMS OF VALUE AND VOLUME, 2020–2025         49

FIGURE 7             SOLID STATE RELAY (SSR) MARKET WITH COVID-19 UPDATE         49

3.1          PRE-COVID-19 SCENARIO             50

TABLE 3                PRE-COVID-19 SCENARIO: SOLID STATE RELAY (SSR) MARKET      50

3.2          POST-COVID-19 SCENARIO          50

TABLE 4                POST-COVID-19 SCENARIO: SOLID STATE RELAY (SSR) MARKET   50

3.3          OPTIMISTIC SCENARIO (POST-COVID-19)              50

TABLE 5                OPTIMISTIC SCENARIO (POST-COVID-19): SOLID STATE RELAY (SSR) MARKET       50

3.4          PESSIMISTIC SCENARIO (POST-COVID-19)            50

TABLE 6                PESSIMISTIC SCENARIO (POST-COVID-19): SOLID STATE

RELAY (SSR) MARKET      50

FIGURE 8             PANEL MOUNT SEGMENT TO HOLD LARGEST SHARE OF SOLID STATE

RELAY (SSR) MARKET DURING FORECAST PERIOD             51

FIGURE 9             MEDIUM CURRENT RATING SEGMENT TO HOLD LARGEST SHARE OF SOLID STATE RELAY (SSR) MARKET DURING FORECAST PERIOD         52

FIGURE 10           AC OUTPUT VOLTAGE SEGMENT TO HOLD LARGEST SHARE OF SOLID STATE RELAY (SSR) MARKET DURING FORECAST PERIOD           53

FIGURE 11           S0LID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD         54

FIGURE 12           APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD  55

4              PREMIUM INSIGHTS       56

4.1          SOLID STATE RELAY (SSR) MARKET, 2020–2025 (USD BILLION)      56

FIGURE 13           EXPANDING AUTOMOTIVE & TRANSPORTATION INDUSTRY TO BOOST GROWTH OF SOLID STATE RELAY (SSR) MARKET   56

4.2          SOLID STATE RELAY (SSR) MARKET, BY MOUNTING TYPE                56

FIGURE 14           PANEL MOUNT SEGMENT TO ACCOUNT FOR LARGEST SHARE OF SOLID STATE RELAY (SSR) MARKET (SSR) FROM 2020 TO 2025        56

4.3          SOLID STATE RELAY (SSR) MARKET, BY OUTPUT VOLTAGE             57

FIGURE 15           AC SEGMENT TO LEAD SOLID STATE RELAY (SSR) MARKET FROM 2020 TO 2025    57

4.4          SOLID STATE RELAY (SSR) MARKET, BY CURRENT RATING               57

FIGURE 16           HIGH CURRENT RATING SEGMENT TO REGISTER HIGHEST CAGR  FROM 2020 TO 2025      57

4.5          SOLID STATE RELAY (SSR) MARKET, BY APPLICATION & REGION  58

FIGURE 17           INDUSTRIAL AUTOMATION SEGMENT AND APAC HELD LARGEST SHARES OF SOLID STATE RELAY (SSR) MARKET IN 2019               58

4.6          SOLID STATE RELAY (SSR) MARKET, BY GEOGRAPHY         59

FIGURE 18           CHINA IS EXPECTED TO REGISTER WITH THE HIGHEST GROWTH RATE DURING THE FORECAST PERIOD      59

 

5              MARKET OVERVIEW       60

5.1          INTRODUCTION                60

FIGURE 19           ROBUST FEATURES AND BENEFITS OF SSR DRIVES THE SOLID STATE RELAY (SSR) MARKET              60

5.2          DRIVERS               61

5.2.1      INCREASE IN OVERALL REVENUE PROJECTION OF SEMICONDUCTOR INDUSTRY DESPITE COVID-19 CRISIS              61

5.2.2      GROWING ADOPTION OF HIGH-TECH ELECTRONICS AND AUTOMATION IN CONSUMER ELECTRONICS INDUSTRY                61

5.2.3      INCREASING COMPLEXITY IN CIRCUITS OF ELECTRIC VEHICLES    61

5.2.4      ROBUST FEATURES AND BENEFITS OF SSR            62

FIGURE 20           IMPACT OF DRIVERS ON SOLID STATE RELAY (SSR) MARKET         63

5.3          RESTRAINTS       63

5.3.1      NEED FOR SAFE OPERATING TEMPERATURE TO MANAGE DISSIPATING HEAT GENERATED BY SSR              63

5.3.2      HIGHER COST AND REQUIREMENT OF HIGHER INITIAL INVESTMENT AS COMPARED TO EMR        64

5.3.3      CURRENT LEAKAGE DURING SWITCHING OFF SSR             64

FIGURE 21           IMPACT OF RESTRAINTS ON SOLID STATE RELAY (SSR) MARKET  64

5.4          OPPORTUNITIES               65

5.4.1      INCREASE IN NUMBER OF START-UPS IN SEMICONDUCTOR INDUSTRY   65

5.4.2      EXPANDING SEMICONDUCTOR INDUSTRY IN APAC         65

5.5          CHALLENGES      65

5.5.1      DISRUPTIONS IN SUPPLY CHAIN AND TEMPORARY SHUTDOWN OF RESTAURANTS           65

5.5.2      STRINGENT QUALITY STANDARDS            65

FIGURE 22           IMPACT OF OPPORTUNITIES AND CHALLENGES ON SOLID STATE

RELAY (SSR) MARKET      66

5.6          VALUE CHAIN ANALYSIS               67

FIGURE 23           MAJOR VALUE ADDED DURING MANUFACTURING AND ASSEMBLY STAGE           67

5.7          ECOSYSTEM ANALYSIS   68

5.8          PORTER’S FIVE FORCE ANALYSIS               69

TABLE 7                IMPACT OF EACH FORCE ON MARKET     69

5.9          CASE STUDY ANALYSIS   70

5.10        TECHNOLOGY ANALYSIS               70

FIGURE 24           TYPES OF SOLID STATE RELAYS   71

5.11        PRICING ANALYSIS          73

FIGURE 25           ESTIMATED TOTAL COST OF RELAYS         73

TABLE 8                AVERAGE SELLING PRICE BASED ON MOUNTING TYPE    74

5.12        TRADE ANALYSIS              74

TABLE 9                IMPORT OF ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS, BY COUNTRY, 2015–2019 (USD MILLION)           74

TABLE 10              EXPORT OF ELECTRICAL APPARATUS FOR SWITCHING OR PROTECTING ELECTRICAL CIRCUITS, BY COUNTRY, 2015–2019 (USD MILLION)           75

5.13        PATENT ANALYSIS           75

TABLE 11              PATENTS IN SOLID STATE RELAY (SSR) MARKET  75

5.14        REGULATORY LANDSCAPE           76

6              SOLID STATE RELAY (SSR) MARKET, BY MOUNTING TYPE                77

6.1          INTRODUCTION                78

FIGURE 26           SOLID STATE RELAY (SSR) MARKET, BY MOUNTING TYPE                78

TABLE 12              SOLID STATE RELAY (SSR) MARKET, BY MOUNTING TYPE,

2016–2019 (USD MILLION)           78

TABLE 13              SOLID STATE RELAY (SSR) MARKET, BY MOUNTING TYPE,

2020–2025 (USD MILLION)           78

TABLE 14              ASP - MOUNTING TYPE 79

FIGURE 27           PANEL MOUNT SSR SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD    79

6.2          PANEL MOUNT 80

6.2.1      PANEL MOUNT IS EXTENSIVELY USED SSR             80

FIGURE 28           PANEL MOUNT SSR         80

TABLE 15              SOLID STATE RELAY (SSR) MARKET FOR PANEL MOUNT, BY APPLICATION,  2016–2019 (USD MILLION)      81

TABLE 16              SOLID STATE RELAY (SSR) MARKET FOR PANEL MOUNT, BY APPLICATION,  2020–2025 (USD MILLION)      81

TABLE 17              SOLID STATE RELAY (SSR) MARKET FOR PANEL MOUNT, BY CURRENT RATING,  2016–2019 (USD MILLION)                81

TABLE 18              SOLID STATE RELAY (SSR) MARKET FOR PANEL MOUNT, BY CURRENT RATING,  2020–2025 (USD MILLION)                82

6.3          PCB MOUNT      82

6.3.1      MINIATURIZATION OF ELECTRICAL EQUIPMENT IS FUELING GROWTH OF PCB MOUNT SOLID STATE RELAY (SSR) MARKET               82

FIGURE 29           PCB MOUNT SSR              82

TABLE 19              SOLID STATE RELAY (SSR) MARKET FOR PCB MOUNT, BY APPLICATION,  2016–2019 (USD MILLION)           83

TABLE 20              SOLID STATE RELAY (SSR) MARKET FOR PCB MOUNT, BY APPLICATION,  2020–2025 (USD MILLION)           83

TABLE 21              SOLID STATE RELAY (SSR) MARKET FOR PCB MOUNT, BY CURRENT RATING,  2016–2019 (USD MILLION)  84

FIGURE 30           LOW CURRENT RATING SSR SEGMENT TO LEAD PCB MOUNT SOLID STATE RELAY (SSR) MARKET FROM 2020 TO 2025                84

TABLE 22              SOLID STATE RELAY (SSR) MARKET FOR PCB MOUNT, BY CURRENT RATING,  2020–2025 (USD MILLION)  84

6.4          DIN-RAIL MOUNT            85

6.4.1      DIN-RAIL MOUNT SSR SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD            85

FIGURE 31           DIN-RAIL MOUNT SSR    85

FIGURE 32           INDUSTRIAL AUTOMATION SEGMENT IS EXPECTED TO HOLD THE LARGEST MARKET SHARE OF THE DIN-RAIL MOUNT SOLID STATE RELAY

(SSR) MARKET  IN 2020  86

TABLE 23              SOLID STATE RELAY (SSR) MARKET FOR DIN-RAIL MOUNT, BY APPLICATION,  2016–2019 (USD MILLION) 86

TABLE 24              SOLID STATE RELAY (SSR) MARKET FOR DIN-RAIL MOUNT, BY APPLICATION,  2020–2025 (USD MILLION) 87

TABLE 25              SOLID STATE RELAY (SSR) MARKET FOR DIN-RAIL MOUNT, BY CURRENT RATING,  2016–2019 (USD MILLION)                87

TABLE 26              SOLID STATE RELAY (SSR) MARKET FOR DIN-RAIL MOUNT, BY CURRENT RATING,  2020–2025 (USD MILLION)                87

6.5          OTHERS                88

TABLE 27              SOLID STATE RELAY (SSR) MARKET FOR OTHERS, BY APPLICATION, 

2016–2019 (USD MILLION)           88

FIGURE 33           INDUSTRIAL OEMS SEGMENT TO HOLD LARGEST SIZE OF SOLID STATE RELAY (SSR) MARKET FOR OTHERS DURING FORECAST PERIOD         88

TABLE 28              SOLID STATE RELAY (SSR) MARKET FOR OTHERS, BY APPLICATION,

 2020–2025 (USD MILLION)          89

TABLE 29              SOLID STATE RELAY (SSR) MARKET FOR OTHERS, BY CURRENT RATING,  2016–2019 (USD MILLION)            89

TABLE 30              SOLID STATE RELAY (SSR) MARKET FOR OTHERS, BY CURRENT RATING,  2020–2025 (USD MILLION)            89

7              SOLID STATE RELAY (SSR) MARKET, BY OUTPUT VOLTAGE             90

7.1          INTRODUCTION                91

FIGURE 34           SOLID STATE MARKET, BY OUTPUT VOLTAGE      91

TABLE 31              SOLID STATE RELAY (SSR) MARKET, BY OUTPUT VOLTAGE,

2016–2019 (USD MILLION)           91

TABLE 32              SOLID STATE RELAY (SSR) MARKET, BY OUTPUT VOLTAGE,

2020–2025 (USD MILLION)           91

FIGURE 35           AC SEGMENT TO HOLD LARGEST SHARE OF SOLID STATE

RELAY (SSR) MARKET DURING FORECAST PERIOD             92

7.2          AC SSR  92

7.2.1      AC SSR SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD           92

FIGURE 36           AC SSR WORKING PRINCIPLE      93

TABLE 33              SOLID STATE RELAY (SSR) MARKET FOR AC OUTPUT VOLTAGE, BY CURRENT RATING, 2016–2019 (USD MILLION)             93

TABLE 34              SOLID STATE RELAY (SSR) MARKET FOR AC OUTPUT VOLTAGE, BY CURRENT RATING, 2020–2025 (USD MILLION)             93

7.3          DC SSR  94

7.3.1      HEATING, LIGHTING, AND MOTION CONTROL ARE MAJOR APPLICATIONS

OF DC SSRS         94

FIGURE 37           DC SSR WORKING PRINCIPLE      94

TABLE 35              SOLID STATE RELAY (SSR) MARKET FOR DC OUTPUT VOLTAGE, BY CURRENT RATING, 2016–2019 (USD MILLION)             94

TABLE 36              SOLID STATE RELAY (SSR) MARKET FOR DC OUTPUT VOLTAGE, BY CURRENT RATING, 2020–2025 (USD MILLION)             95

7.4          AC/DC SSR          95

7.4.1      AC/DC SSR SEGMENT TO GROW AT HIGHEST RATE DURING

FORECAST PERIOD           95

FIGURE 38           AC/DC SSR WORKING PRINCIPLE              95

TABLE 37              SOLID STATE RELAY (SSR) MARKET FOR AC/DC OUTPUT VOLTAGE,

BY CURRENT RATING, 2016–2019 (USD MILLION)              96

TABLE 38              SOLID STATE RELAY (SSR) MARKET FOR AC/DC OUTPUT VOLTAGE,

BY CURRENT RATING, 2020–2025 (USD MILLION)              96

8              SOLID STATE RELAY (SSR) MARKET, BY CURRENT RATING               97

8.1          INTRODUCTION                98

FIGURE 39           SOLID STATE MARKET, BY CURRENT RATING        98

TABLE 39              SOLID STATE RELAY (SSR) MARKET, BY CURRENT RATING,

2016–2019 (USD MILLION)           98

TABLE 40              SOLID STATE RELAY (SSR) MARKET, BY CURRENT RATING,

2020–2025 (USD MILLION)           98

FIGURE 40           MEDIUM CURRENT RATING SEGMENT TO HOLD LARGEST SHARE

OF SOLID STATE RELAY (SSR) MARKET DURING FORECAST PERIOD            99

8.2          LOW (0–20A)     99

8.2.1      LOW CURRENT RATING SEGMENT TO GROW AT HIGHEST RATE DURING FORECAST PERIOD          99

TABLE 41              SOLID STATE RELAY (SSR) MARKET FOR LOW CURRENT RATING,

BY APPLICATION,  2016–2019 (USD MILLION)      99

TABLE 42              SOLID STATE RELAY (SSR) MARKET FOR LOW CURRENT RATING,

BY APPLICATION,  2020–2025 (USD MILLION)      100

TABLE 43              SOLID STATE RELAY (SSR) MARKET FOR LOW CURRENT RATING,

BY MOUNTING TYPE, 2016–2019 (USD MILLION)               100

TABLE 44              SOLID STATE RELAY (SSR) MARKET FOR LOW CURRENT RATING,

BY MOUNTING TYPE, 2020–2025 (USD MILLION)               100

TABLE 45              SOLID STATE RELAY (SSR) MARKET FOR LOW CURRENT RATING,

BY OUTPUT VOLTAGE,  2016–2019 (USD MILLION)            101

TABLE 46              SOLID STATE RELAY (SSR) MARKET FOR LOW CURRENT RATING,

BY OUTPUT VOLTAGE,  2020–2025 (USD MILLION)            101

8.3          MEDIUM (20–50A)          101

8.3.1      MEDIUM CURRENT RATING SEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD         101

TABLE 47              SOLID STATE RELAY (SSR) MARKET FOR MEDIUM CURRENT RATING,

BY APPLICATION,  2016–2019 (USD MILLION)      102

TABLE 48              SOLID STATE RELAY (SSR) MARKET FOR MEDIUM CURRENT RATING,

BY APPLICATION,  2020–2025 (USD MILLION)      102

TABLE 49              SOLID STATE RELAY (SSR) MARKET FOR MEDIUM CURRENT RATING,

BY MOUNTING TYPE, 2016–2019 (USD MILLION)               102

TABLE 50              SOLID STATE RELAY (SSR) MARKET FOR MEDIUM CURRENT RATING,

BY MOUNTING TYPE, 2020–2025 (USD MILLION)               103

TABLE 51              SOLID STATE RELAY (SSR) MARKET FOR MEDIUM CURRENT RATING,

BY OUTPUT VOLTAGE,  2016–2019 (USD MILLION)            103

TABLE 52              SOLID STATE RELAY (SSR) MARKET FOR MEDIUM CURRENT RATING,

BY OUTPUT VOLTAGE,  2020–2025 (USD MILLION)            103

 

8.4          HIGH (50A & ABOVE)      104

8.4.1      SOLID STATE RELAYS WITH VERY HIGH CURRENT RATINGS  (150A PLUS) ARE EXPENSIVE DUE TO THEIR HEAT SINKING REQUIREMENTS             104

TABLE 53              SOLID STATE RELAY (SSR) MARKET FOR HIGH CURRENT RATING, BY APPLICATION,  2016–2019 (USD MILLION)             104

TABLE 54              SOLID STATE RELAY (SSR) MARKET FOR HIGH CURRENT RATING, BY APPLICATION,  2020–2025 (USD MILLION)             104

TABLE 55              SOLID STATE RELAY (SSR) MARKET FOR HIGH CURRENT RATING, BY MOUNTING TYPE, 2016–2019 (USD MILLION)             105

TABLE 56              SOLID STATE RELAY (SSR) MARKET FOR HIGH CURRENT RATING, BY MOUNTING TYPE, 2020–2025 (USD MILLION)             105

TABLE 57              SOLID STATE RELAY (SSR) MARKET FOR HIGH CURRENT RATING, BY OUTPUT VOLTAGE,  2016–2019 (USD MILLION)             105

TABLE 58              SOLID STATE RELAY (SSR) MARKET FOR HIGH CURRENT RATING, BY OUTPUT VOLTAGE,  2020–2025 (USD MILLION)             106

9              SOLID STATE RELAY (SSR) MARKET, BY APPLICATION       107

9.1          INTRODUCTION                108

FIGURE 41           SOLID STATE RELAY (SSR) MARKET, BY APPLICATION       108

TABLE 59              SOLID STATE RELAY (SSR) MARKET, BY APPLICATION,

2016–2019 (USD MILLION)           109

TABLE 60              SOLID STATE RELAY (SSR) MARKET, BY APPLICATION,

2020–2025 (USD MILLION)           109

FIGURE 42           INDUSTRIAL AUTOMATION SEGMENT TO HOLD LARGEST SIZE OF SOLID STATE RELAY (SSR) MARKET DURING FORECAST PERIOD         111

9.2          COVID-19 IMPACT ON APPLICATIONS OF SOLID STATE RELAYS    111

9.3          INDUSTRIAL AUTOMATION         113

9.3.1      MACHINE TOOLS              113

9.3.1.1   Machine tools segment to hold maximum share of solid state relay (SSR) market for industrial automation           113

9.3.2      ELEVATORS         113

9.3.2.1   SSRs are used for controlling electric motor and hoist movement in elevators     113

9.3.3      CONVEYOR SYSTEMS      114

9.3.3.1   SSR safeguards electric motor in conveyor system from overheating       114

9.3.4      INDUSTRIAL ROBOTICS  114

9.3.4.1   Solid state relay (SSR) market for industrial robotics to grow at highest rate during forecast period            114

9.3.5      MATERIAL HANDLING EQUIPMENT         114

9.3.5.1   SSR is used for monitoring highly repetitive operations during material handling                114

9.3.6      OTHERS                114

TABLE 61              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION, BY TYPE,  2016–2019 (USD MILLION)                115

TABLE 62              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION, BY TYPE,  2020–2025 (USD MILLION)                115

TABLE 63              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION,

BY MOUNTING TYPE,  2016–2019 (USD MILLION)              115

FIGURE 43           PANEL MOUNT SSR SEGMENT TO DOMINATE SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION DURING FORECAST PERIOD          116

TABLE 64              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION,

BY MOUNTING TYPE,  2020–2025 (USD MILLION)              116

TABLE 65              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION,

BY CURRENT RATING, 2016–2019 (USD MILLION)              116

TABLE 66              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION,

BY CURRENT RATING, 2020–2025 (USD MILLION)              117

TABLE 67              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION,

BY REGION,  2016–2019 (USD MILLION) 117

TABLE 68              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL AUTOMATION,

BY REGION,  2020–2025 (USD MILLION) 117

9.4          BUILDING EQUIPMENT 118

9.4.1      LIGHTING SYSTEMS         118

9.4.1.1   Office lighting systems  118

9.4.1.1.1               SSRs are used in office lighting system for reliable switching operations 118

9.4.1.2   Warehouse/theatrical lighting systems  118

9.4.1.2.1               Warehouse/theatrical lighting systems require SSRs for protection against change in voltage       118

9.4.2      SECURITY AND ACCESS CONTROL SYSTEMS          118

9.4.2.1   SSR is used in security and access control for overvoltage protection       118

9.4.3      HVAC SYSTEMS 119

9.4.3.1   HVAC system includes heating coils and motorized dampers that are integrated with SSRs            119

9.4.4      OTHERS                119

TABLE 69              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT, BY TYPE,  2016–2019 (USD MILLION)        119

FIGURE 44           LIGHTING SYSTEMS SEGMENT TO DOMINATE SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT DURING FORECAST PERIOD              119

TABLE 70              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT, BY TYPE,  2020–2025 (USD MILLION)        120

TABLE 71              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT,

BY MOUNTING TYPE,  2016–2019 (USD MILLION)              120

TABLE 72              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT,

BY MOUNTING TYPE,  2020–2025 (USD MILLION)              120

TABLE 73              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT, BY CURRENT RATING,  2016–2019 (USD MILLION)             121

TABLE 74              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT, BY CURRENT RATING,  2020–2025 (USD MILLION)             121

TABLE 75              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT, BY REGION,  2016–2019 (USD MILLION) 121

TABLE 76              SOLID STATE RELAY (SSR) MARKET FOR BUILDING EQUIPMENT, BY REGION,  2020–2025 (USD MILLION) 122

 

9.5          INDUSTRIAL OEMS          122

9.5.1      ELECTRONICS EQUIPMENT          122

9.5.1.1   SSR protects electronic equipment from overcurrent, undercurrent, and reverse currents           122

9.5.2      PACKAGING DEVICES     122

9.5.2.1   Increasing automation in packaging lines is fueling demand for SSRs in packaging devices              122

9.5.3      PLASTIC AND PRINTING DEVICES              123

9.5.3.1   High-frequency switching is fueling demand for SSRs      123

9.5.4      OTHERS                123

TABLE 77              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY TYPE, 

2016–2019 (USD MILLION)           123

FIGURE 45           ELECTRONICS EQUIPMENT SEGMENT TO HOLD LARGEST SIZE OF SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEM DURING FORECAST PERIOD    124

TABLE 78              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY TYPE, 

2020–2025 (USD MILLION)           124

TABLE 79              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY MOUNTING TYPE,  2016–2019 (USD MILLION)                124

TABLE 80              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY MOUNTING TYPE,  2020–2025 (USD MILLION)                125

TABLE 81              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY CURRENT RATING,  2016–2019 (USD MILLION)             125

TABLE 82              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY CURRENT RATING,  2020–2025 (USD MILLION)             125

TABLE 83              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY REGION,  2016–2019 (USD MILLION)          126

FIGURE 46           APAC TO LEAD SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEM DURING FORECAST PERIOD       126

TABLE 84              SOLID STATE RELAY (SSR) MARKET FOR INDUSTRIAL OEMS, BY REGION,  2020–2025 (USD MILLION)          126

9.6          ENERGY AND INFRASTRUCTURE                127

9.6.1      POWER DISTRIBUTION  127

9.6.1.1   SSR acts as a protective device in power distribution       127

9.6.2      SOLAR TRACKING SYSTEMS         127

9.6.2.1   SSRs are implemented in rotary motors control movement of solar panels           127

9.6.3      WIND TURBINES               127

9.6.3.1   SSR delivers surplus DC power from wind turbine             127

9.6.4      OTHERS                128

TABLE 85              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE,

BY TYPE,  2016–2019 (USD MILLION)        128

TABLE 86              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE,

BY TYPE,  2020–2025 (USD MILLION)        128

TABLE 87              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE, 

BY MOUNTING TYPE, 2016–2019 (USD MILLION)               128

TABLE 88              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE, 

BY MOUNTING TYPE, 2020–2025 (USD MILLION)               129

TABLE 89              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE, 

BY CURRENT RATING, 2016–2019 (USD MILLION)              129

FIGURE 47           HIGH CURRENT RATING SEGMENT TO HOLD LARGEST SIZE OF SOLID STATE RELAY (SSR) MARKET FOR ENERGY & INFRASTRUCTURE DURING FORECAST PERIOD             129

TABLE 90              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE, 

BY CURRENT RATING, 2020–2025 (USD MILLION)              130

TABLE 91              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE,

BY REGION,  2016–2019 (USD MILLION) 130

TABLE 92              SOLID STATE RELAY (SSR) MARKET FOR ENERGY AND INFRASTRUCTURE,

BY REGION,  2020–2025 (USD MILLION) 130

9.7          AUTOMOTIVE & TRANSPORTATION        131

9.7.1      TRAIN CONTROL SYSTEMS           131

9.7.1.1   Train control system to hold largest share of solid state relay (SSR) market for automotive & transportation         131

9.7.2      ELECTRIC VEHICLES          131

9.7.2.1   Solid state relay (SSR) market for electric vehicles to grow at highest rate during forecast period                131

9.7.3      OTHERS                131

TABLE 93              SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE,  2016–2019 (USD MILLION)             132

TABLE 94              SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY TYPE,  2020–2025 (USD MILLION)             132

TABLE 95              SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION,  BY MOUNTING TYPE, 2016–2019 (USD MILLION)       132

FIGURE 48           PANEL MOUNT SEGMENT TO HOLD LARGEST SIZE OF SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION DURING

FORECAST PERIOD           133

TABLE 96              SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION,  BY MOUNTING TYPE, 2020–2025 (USD MILLION)       133

TABLE 97              SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION,  BY CURRENT RATING, 2016–2019 (USD MILLION)       133

TABLE 98              SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION,  BY CURRENT RATING, 2020–2025 (USD MILLION)       134

TABLE 99              SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION,  2016–2019 (USD MILLION)             134

TABLE 100            SOLID STATE RELAY (SSR) MARKET FOR AUTOMOTIVE & TRANSPORTATION, BY REGION,  2020–2025 (USD MILLION)             134

9.8          MEDICAL             135

9.8.1      DIALYSIS MACHINES       135

9.8.1.1   Increasing demand for portable dialysis machines to fuel demand for SSR             135

9.8.2      MEDICAL STERILIZERS    135

9.8.2.1   SSR helps medical sterilizers to protect against irregularities in temperature and pressure             135

 

9.8.3      INCUBATORS     135

9.8.3.1   Solid state relay (SSR) market for incubators to grow at highest rate for medical application          135

9.8.4      OTHERS                135

TABLE 101            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY TYPE,

2016–2019 (USD MILLION)           136

TABLE 102            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY TYPE,

2020–2025 (USD MILLION)           136

TABLE 103            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY MOUNTING TYPE,  2016–2019 (USD MILLION)          136

FIGURE 49           PCB-MOUNT SEGMENT TO DOMINATE SOLID STATE RELAY (SSR) MARKET FOR MEDICAL DURING FORECAST PERIOD 137

TABLE 104            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY MOUNTING TYPE,  2020–2025 (USD MILLION)          137

TABLE 105            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY CURRENT RATING,  2016–2019 (USD MILLION)         137

TABLE 106            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY CURRENT RATING,  2020–2025 (USD MILLION)         138

TABLE 107            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY REGION, 

2016–2019 (USD MILLION)           138

TABLE 108            SOLID STATE RELAY (SSR) MARKET FOR MEDICAL, BY REGION, 

2020–2025 (USD MILLION)           138

9.9          FOOD & BEVERAGE         139

FIGURE 50           PERCENTAGE CONTRIBUTION OF SSRS, BY TYPE OF EQUIPMENT, 2019    139

9.9.1      OVENS  139

9.9.1.1   SSR provides protection to ovens against uncontrolled transients and overvoltage           139

9.9.2      COFFEE MAKERS & VENDING MACHINES              139

9.9.2.1   SSR provides protection against voltage fluctuation         139

9.9.3      OTHERS                140

TABLE 109            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY TYPE, 

2016–2019 (USD MILLION)           140

TABLE 110            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY TYPE, 

2020–2025 (USD MILLION)           140

TABLE 111            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY MOUNTING TYPE,  2016–2019 (USD MILLION)             140

TABLE 112            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY MOUNTING TYPE,  2020–2025 (USD MILLION)             141

TABLE 113            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY CURRENT RATING,  2016–2019 (USD MILLION)             141

FIGURE 51           MEDIUM CURRENT RATING SEGMENT TO HOLD LARGEST SIZE OF SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE DURING FORECAST PERIOD 141

TABLE 114            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY CURRENT RATING,  2020–2025 (USD MILLION)             142

 

TABLE 115            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY REGION,  2016–2019 (USD MILLION)         142

TABLE 116            SOLID STATE RELAY (SSR) MARKET FOR FOOD & BEVERAGE, BY REGION,  2020–2025 (USD MILLION)         142

10           GEOGRAPHIC ANALYSIS                143

10.1        INTRODUCTION                144

FIGURE 52           SOLID STATE RELAY (SSR) MARKET IN CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD     144

TABLE 117            SOLID STATE RELAY (SSR) MARKET, BY REGION, 2016–2019 (USD MILLION)           144

FIGURE 53           APAC TO HOLD LARGEST SHARE OF SOLID STATE RELAY (SSR) MARKET DURING FORECAST PERIOD            145

TABLE 118            SOLID STATE RELAY (SSR) MARKET, BY REGION, 2020–2025 (USD MILLION)           145

10.2        NORTH AMERICA             146

FIGURE 54           NORTH AMERICA: SNAPSHOT OF SOLID STATE RELAY (SSR) MARKET        146

FIGURE 55           SOLID STATE RELAY (SSR) MARKET: PRE- AND POST-COVID-19 SCENARIOS  IN NORTH AMERICA 147

TABLE 119            SOLID STATE RELAY (SSR) MARKET: PRE- AND POST-COVID-19 SCENARIOS IN NORTH AMERICA, 2016–2025 (USD MILLION) 147

TABLE 120            SOLID STATE RELAY (SSR) MARKET IN NORTH AMERICA, BY COUNTRY,  2016–2019 (USD MILLION)             148

FIGURE 56           US TO LEAD NORTH AMERICAN SOLID STATE RELAY (SSR) MARKET DURING FORECAST PERIOD   148

TABLE 121            SOLID STATE RELAY (SSR) MARKET IN NORTH AMERICA, BY COUNTRY,  2020–2025 (USD MILLION)             148

TABLE 122            SOLID STATE RELAY (SSR) MARKET IN NORTH AMERICA, BY APPLICATION,  2016–2019 (USD MILLION)     149

TABLE 123            SOLID STATE RELAY (SSR) MARKET IN NORTH AMERICA, BY APPLICATION,  2020–2025 (USD MILLION)     149

10.2.1    US          150

10.2.1.1                US to lead North American solid state relay (SSR) market during forecast period                150

10.2.2    CANADA              150

10.2.2.1                Expanding automotive industry in Canada to aid solid state relay (SSR) market growth    150

10.2.3    MEXICO               150

10.2.3.1                Mexico to grow at highest rate in North America market               150

10.3        EUROPE               151

FIGURE 57           EUROPE: SNAPSHOT OF SOLID STATE RELAY (SSR) MARKET          151

TABLE 124            SOLID STATE RELAY (SSR) MARKET IN EUROPE, BY COUNTRY, 

2016–2019 (USD MILLION)           152

TABLE 125            SOLID STATE RELAY (SSR) MARKET IN EUROPE, BY COUNTRY,

2020–2025 (USD MILLION)           152

TABLE 126            SOLID STATE RELAY (SSR) MARKET IN EUROPE, BY APPLICATION, 

2016–2019 (USD MILLION)           152

TABLE 127            SOLID STATE RELAY (SSR) MARKET IN EUROPE, BY APPLICATION, 

2020–2025 (USD MILLION)           153

10.3.1    GERMANY           153

10.3.1.1                Increasing application in industrial robotics to fuel market growth in Germany    153

10.3.2    UK          153

10.3.2.1                Increasing industrial automation in UK to fuel market growth      153

10.3.3    FRANCE                154

10.3.3.1                Energy & infrastructure segment in France to play major role in market growth  154

FIGURE 58           RENEWABLE ENERGY PLANNED CAPACITY IN FRANCE, BY SOURCE, 2023                154

10.3.4    REST OF EUROPE              154

10.4        APAC     155

FIGURE 59           APAC: SNAPSHOT OF SOLID STATE RELAY (SSR) MARKET                155

FIGURE 60           SOLID STATE RELAY (SSR) MARKET: PRE- AND POST-COVID-19 SCENARIOS  IN APAC         156

TABLE 128            SOLID STATE RELAY (SSR) MARKET: PRE- AND POST-COVID-19 SCENARIOS IN APAC,  2020–2025 (USD MILLION)             156

TABLE 129            SOLID STATE RELAY (SSR) MARKET IN APAC, BY COUNTRY,

2016–2019 (USD MILLION)           157

FIGURE 61           CHINA TO REGISTER HIGHEST CAGR FROM 2020 TO 2025               157

TABLE 130            SOLID STATE RELAY (SSR) MARKET IN APAC, BY COUNTRY,

2020–2025 (USD MILLION)           157

TABLE 131            SOLID STATE RELAY (SSR) MARKET IN APAC, BY APPLICATION, 

2016–2019 (USD MILLION)           158

TABLE 132            SOLID STATE RELAY (SSR) MARKET IN APAC, BY APPLICATION, 

2020–2025 (USD MILLION)           158

10.4.1    CHINA   159

10.4.1.1                Increasing demand for SSRs for industrial automation     159

10.4.2    JAPAN  159

10.4.2.1                Robotics in Japan to support solid state relay (SSR) market growth           159

10.4.3    REST OF APAC   159

10.5        ROW      160

TABLE 133            SOLID STATE RELAY (SSR) MARKET IN ROW, BY REGION,

2016–2019 (USD MILLION)           160

TABLE 134            SOLID STATE RELAY (SSR) MARKET IN ROW, BY REGION,

2020–2025 (USD MILLION)           160

TABLE 135            SOLID STATE RELAY (SSR) MARKET IN ROW, BY APPLICATION,

2016–2019 (USD MILLION)           160

TABLE 136            SOLID STATE RELAY (SSR) MARKET IN ROW, BY APPLICATION,

2020–2025 (USD MILLION)           161

10.5.1    SOUTH AMERICA             161

10.5.1.1                South America to lead solid state relay (SSR) market in RoW        161

10.5.2    MIDDLE EAST     161

10.5.2.1                Expanding building equipment market to support market growth             161

 

11           COMPETITIVE LANDSCAPE           162

11.1        OVERVIEW          162

11.2        TOP 5 COMPANY REVENUE ANALYSIS     162

FIGURE 62           SOLID STATE RELAY (SSR) MARKET: REVENUE ANALYSIS (2019)   162

11.3        MARKET SHARE ANALYSIS, 2019                163

TABLE 137            SOLID STATE RELAY (SSR) MARKET: MARKET SHARE ANALYSIS (2019)       163

11.4        COMPANY EVALUATION QUADRANT, 2019          164

11.4.1    STAR      164

11.4.2    PERVASIVE         164

11.4.3    EMERGING LEADER         164

11.4.4    PARTICIPANT     164

FIGURE 63           SOLID STATE RELAY (SSR) MARKET (GLOBAL): COMPANY EVALUATION  QUADRANT, 2019             165

11.5        SMALL AND MEDIUM ENTERPRISES (SME) EVALUATION QUADRANT, 2019           166

11.5.1    PROGRESSIVE COMPANIES         166

11.5.2    RESPONSIVE COMPANIES            166

11.5.3    DYNAMIC COMPANIES  166

11.5.4    STARTING BLOCKS           166

FIGURE 64           SOLID STATE RELAY (SSR) MARKET (GLOBAL): SME EVALUATION 

QUADRANT, 2019            167

11.6        SOLID STATE RELAY (SSR) MARKET: PRODUCT FOOTPRINT            168

TABLE 138            PRODUCT FOOTPRINT OF COMPANIES  168

TABLE 139            APPLICATION FOOTPRINT OF COMPANIES           168

TABLE 140            REGIONAL FOOTPRINT OF COMPANIES 169

11.7        COMPETITIVE SCENARIO              170

TABLE 141            SOLID STATE RELAY (SSR) MARKET: PRODUCT LAUNCHES              170

TABLE 142            SOLID STATE RELAY (SSR) MARKET: DEALS            171

12           COMPANY PROFILES      172

12.1        INTRODUCTION                172

12.2        IMPACT OF COVID-19 ON PORTFOLIO OF COMPANIES IN SOLID STATE RELAY (SSR) MARKET        172

12.3        KEY PLAYERS      173

(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*

12.3.1    CARLO GAVAZZI               173

FIGURE 65           CARLO GAVAZZI: COMPANY SNAPSHOT                173

12.3.2    OMRON CORPORATION               176

FIGURE 66           OMRON CORPORATION: COMPANY SNAPSHOT                176

12.3.3    VISHAY INTERTECHNOLOGY, INC.             179

FIGURE 67           VISHAY INTERTECHNOLOGY, INC.: COMPANY SNAPSHOT              179

12.3.4    CRYDOM              183

12.3.5    OMEGA ENGINEERING  186

FIGURE 68           OMEGA ENGINEERING: COMPANY SNAPSHOT  186

12.3.6    BROADCOM       189

FIGURE 69           BROADCOM INC.: COMPANY SNAPSHOT              189

12.3.7    FUJITSU               191

FIGURE 70           FUJITSU: COMPANY SNAPSHOT                191

12.3.8    ROCKWELL AUTOMATION           193

FIGURE 71           ROCKWELL AUTOMATION: COMPANY SNAPSHOT            193

12.3.9    ANACON ELECTRONIC SALES      195

12.3.10  CELDUC RELAIS 196

12.3.11  IXYS INTEGRATED CIRCUITS DIVISION     197

12.3.12  TELEDYNE DEFENCE ELECTRONICS            199

12.4        RIGHT TO WIN   200

12.5        OTHER KEY PLAYERS        201

12.5.1    AMETEK               201

12.5.2    ARICO TECHNOLOGY      201

12.5.3    CONNECTWELL INDUSTRIES        202

12.5.4    EATON  202

12.5.5    EMTECH SOLUTION         203

12.5.6    PANASONIC       204

12.5.7    PHOENIX CONTACT         205

12.5.8    TE CONNECTIVITY            205

12.5.9    INFINEON TECHNOLOGIES AG   206

12.5.10  SIEMENS AG      207

12.5.11  TEXAS INSTRUMENTS INC.           207

12.5.12  GENERAL ELECTRIC          208

12.5.13  COMUS INTERNATIONAL             209

*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies

13           RELATED REPORT             210

13.1        INDUSTRIAL SAFETY MARKET     210

13.1.1    INDUSTRIAL SAFETY MARKET, BY INDUSTRY        210

FIGURE 72           INDUSTRIAL SAFETY MARKET, BY INDUSTRY        210

TABLE 143            INDUSTRIAL SAFETY MARKET, BY INDUSTRY, 2016–2019 (USD MILLION) 210

TABLE 144            INDUSTRIAL SAFETY MARKET, BY INDUSTRY, 2020–2025 (USD MILLION) 211

TABLE 145            INDUSTRIAL SAFETY MARKET FOR MACHINE SAFETY, BY INDUSTRY,

2016–2019 (USD MILLION)           211

TABLE 146            INDUSTRIAL SAFETY MARKET FOR MACHINE SAFETY, BY INDUSTRY, 

2020–2025 (USD MILLION)           212

13.1.2    OIL & GAS           212

13.1.2.1                Industrial safety equipment in oil & gas industry reduces risk of emergency shutdowns 212

TABLE 147            INDUSTRIAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM,

2016–2019 (USD MILLION)           213

TABLE 148            INDUSTRIAL SAFETY MARKET FOR OIL & GAS, BY SYSTEM,

2020–2025 (USD MILLION)           213

13.1.2.2                Impact of COVID-19 on oil & gas industry              213

13.1.3    ENERGY & POWER           214

13.1.3.1                Power industry uses industrial safety to protect plants from hazards       214

TABLE 149            INDUSTRIAL SAFETY MARKET FOR ENERGY & POWER, BY SYSTEM, 

2016–2019 (USD MILLION)           214

TABLE 150            INDUSTRIAL SAFETY MARKET FOR ENERGY & POWER, BY SYSTEM, 

2020–2025 (USD MILLION)           214

13.1.3.2                Impact of COVID-19 on energy & power industry              215

13.1.4    CHEMICAL           216

13.1.4.1                Demand for safety and reliability in chemical industry propel

market growth  216

TABLE 151            INDUSTRIAL SAFETY MARKET FOR CHEMICAL, BY SYSTEM,

2016–2019 (USD MILLION)           216

TABLE 152            INDUSTRIAL SAFETY MARKET FOR CHEMICAL, BY SYSTEM,

2020–2025 (USD MILLION)           217

13.1.4.2                Impact of COVID-19 on chemical industry             217

13.1.5    FOOD & BEVERAGES       218

13.1.5.1                Food & beverage industry employs industrial safety due to

regulatory issues              218

TABLE 153            INDUSTRIAL SAFETY MARKET FOR FOOD & BEVERAGES, BY SYSTEM, 

2016–2019 (USD MILLION)           218

TABLE 154            INDUSTRIAL SAFETY MARKET FOR FOOD & BEVERAGES, BY SYSTEM, 

2020–2025 (USD MILLION)           218

13.1.5.2                Impact of COVID-19 on food & beverage industry             219

13.1.6    AEROSPACE & DEFENSE                220

13.1.6.1                Aerospace & defense industry adopted industrial safety to

increase production        220

TABLE 155            INDUSTRIAL SAFETY MARKET FOR AEROSPACE & DEFENSE, BY SYSTEM,  2016–2019 (USD MILLION)           220

TABLE 156            INDUSTRIAL SAFETY MARKET FOR AEROSPACE & DEFENSE, BY SYSTEM,  2020–2025 (USD MILLION)           220

13.1.6.2                Impact of COVID-19 on aerospace & defense industry    221

13.1.7    AUTOMOTIVE   222

13.1.7.1                Automotive industry employs industrial safety due to

regulatory issues              222

TABLE 157            INDUSTRIAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM,

2016–2019 (USD MILLION)           222

TABLE 158            INDUSTRIAL SAFETY MARKET FOR AUTOMOTIVE, BY SYSTEM,

2020–2025 (USD MILLION)           222

13.1.7.2                Impact of COVID-19 on automotive industry       223

13.1.8    SEMICONDUCTOR           224

13.1.8.1                Semiconductor industry uses industrial safety equipment to ensure worker and asset protection             224

TABLE 159            INDUSTRIAL SAFETY MARKET FOR SEMICONDUCTOR, BY SYSTEM, 

2016–2019 (USD MILLION)           224

TABLE 160            INDUSTRIAL SAFETY MARKET FOR SEMICONDUCTOR, BY SYSTEM, 

2020–2025 (USD MILLION)           224

13.1.8.2                Impact of COVID-19 on semiconductor industry 225

13.1.9    HEALTHCARE & PHARMACEUTICAL          226

13.1.9.1                Pharmaceutical companies implement Industrial safety to prevent potential hazards      226

TABLE 161            INDUSTRIAL SAFETY MARKET FOR HEALTHCARE & PHARMACEUTICAL,

BY SYSTEM,  2016–2019 (USD MILLION)  226

TABLE 162            INDUSTRIAL SAFETY MARKET FOR HEALTHCARE & PHARMACEUTICAL,

BY SYSTEM,  2020–2025 (USD MILLION)  227

13.1.9.2                Impact of COVID-19 on healthcare & pharmaceutical industry     227

13.1.10  METAL & MINING            228

13.1.10.1              Industrial safety systems help ensure efficient and safe production in metal & mining industry   228

TABLE 163            INDUSTRIAL SAFETY MARKET FOR METAL & MINING, BY SYSTEM, 

2016–2019 (USD MILLION)           228

TABLE 164            INDUSTRIAL SAFETY MARKET FOR METAL & MINING, BY SYSTEM, 

2020–2025 (USD MILLION)           229

13.1.10.2              Impact of COVID-19 on metal & mining industry                229

13.1.11  OTHERS                230

TABLE 165            INDUSTRIAL SAFETY MARKET FOR OTHERS, BY SYSTEM,

2016–2019 (USD MILLION)           230

TABLE 166            INDUSTRIAL SAFETY MARKET FOR OTHERS, BY SYSTEM,

2020–2025 (USD MILLION)           231

13.1.11.1              Impact of COVID-19 on others   231

14           APPENDIX           232

14.1        INSIGHTS OF INDUSTRY EXPERTS              232

14.2        DISCUSSION GUIDE        233

14.3        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   235

14.4        AVAILABLE CUSTOMIZATIONS   237

14.5        RELATED REPORTS           237

14.6        AUTHOR DETAILS             238

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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...

Publisher:        MarketsandMarkets

# of Pages:        184

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Publication Date:  March, 2022

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