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Gas Sensors Market with COVID-19 Impact Analysis by Gas Type(Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydr...

by Gas Type(Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Technology, Output Type, Product Type, Application, and Geography

Publisher:        MarketsandMarkets

# of Pages:        267

Rating: 

1 User License $4,950

Publication Date:  February, 2021

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                29

1.1          STUDY OBJECTIVES          29

1.2          MARKET DEFINITION AND SCOPE             29

1.2.1      INCLUSIONS AND EXCLUSIONS  30

1.3          STUDY SCOPE    31

FIGURE 1             GAS SENSOR MARKET: SEGMENTATION                31

1.3.1      GEOGRAPHIC SCOPE      32

1.3.2      YEARS CONSIDERED        32

1.4          CURRENCY          33

1.5          VOLUME UNIT CONSIDERED       33

1.6          LIMITATIONS     33

1.7          STAKEHOLDERS 33

1.8          SUMMARY OF CHANGES              34

2              RESEARCH METHODOLOGY         35

2.1          RESEARCH DATA               35

FIGURE 2             GAS SENSOR MARKET: RESEARCH DESIGN            36

2.1.1      SECONDARY DATA           36

2.1.1.1   Major secondary sources             37

2.1.1.2   Secondary sources          37

2.1.2      PRIMARY DATA 38

2.1.2.1   Primary interviews with experts               38

2.1.2.2   Key data from primary sources  39

2.1.2.3   Key industry insights      40

2.1.2.4   Breakdown of primaries               41

2.1.3      SECONDARY AND PRIMARY RESEARCH   42

2.2          MARKET SIZE ESTIMATION          42

FIGURE 3             RESEARCH FLOW OF MARKET SIZE ESTIMATION 43

2.2.1      BOTTOM-UP APPROACH              43

FIGURE 4             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (DEMAND SIDE) – DEMAND FOR GAS SENSORS    44

2.2.1.1   Estimating market size by bottom-up approach (demand side)   44

FIGURE 5             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    45

2.2.2      TOP-DOWN APPROACH                45

2.2.2.1   Estimating market size by top-down approach (supply side)        45

FIGURE 6             MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH      46

FIGURE 7             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM GAS SENSORS    46

FIGURE 8             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE OF COMPANIES IN GAS SENSOR MARKET               47

2.2.3      MARKET PROJECTIONS  47

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        48

FIGURE 9             DATA TRIANGULATION 48

2.4          RESEARCH ASSUMPTIONS           49

FIGURE 10           ASSUMPTION FOR THE STUDY   49

2.5          RISK ASSESSMENT           50

TABLE 1                LIMITATIONS & ASSOCIATED RISKS          50

3              EXECUTIVE SUMMARY  51

FIGURE 11           SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY        52

3.1          REALISTIC SCENARIO      53

3.2          OPTIMISTIC SCENARIO  53

3.3          PESSIMISTIC SCENARIO 53

FIGURE 12           GAS SENSOR MARKET: GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS         53

FIGURE 13           OXYGEN GAS SENSOR SEGMENT, BY GAS TYPE, TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 54

FIGURE 14           GAS SENSOR MARKET, BY CONNECTIVITY, 2021 VS. 2026               55

FIGURE 15           GAS SENSOR MARKET FOR SMART CITIES & BUILDING AUTOMATION APPLICATION TO REGISTER HIGHEST CAGR FROM 2021 TO 2026           55

FIGURE 16           APAC TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD   56

4              PREMIUM INSIGHTS       58

4.1          ATTRACTIVE OPPORTUNITIES IN GAS SENSOR MARKET  58

FIGURE 17           INCREASING NEED FOR MONITORING AIR QUALITY TO BOOST GROWTH OF GAS SENSOR MARKET           58

4.2          GAS SENSOR MARKET, BY OUTPUT TYPE               58

FIGURE 18           DIGITAL SEGMENT TO REGISTER HIGHER CAGR FROM 2021 TO 2026         58

4.3          GAS SENSOR MARKET, BY TECHNOLOGY               59

FIGURE 19           ELECTROCHEMICAL SEGMENT TO HOLD LARGEST SHARE OF GAS SENSOR MARKET BY 2026           59

4.4          GAS SENSOR MARKET IN APAC, BY APPLICATION AND COUNTRY              59

FIGURE 20           AUTOMOTIVE & TRANSPORTATION APPLICATION SEGMENT AND CHINA HELD LARGEST MARKET SHARES OF ASIA PACIFIC GAS SENSOR MARKET IN 2020 59

4.5          GAS SENSOR MARKET, BY REGION           60

FIGURE 21           APAC GAS SENSOR MARKET TO EXHIBIT HIGHEST CAGR FROM 2021 TO 2026        60

5              MARKET OVERVIEW       61

5.1          INTRODUCTION                61

5.2          MARKET DYNAMICS       62

FIGURE 22           IMPACT OF DRIVERS AND OPPORTUNITIES ON GAS SENSOR MARKET     62

FIGURE 23           IMPACT OF CHALLENGES AND RESTRAINTS ON GAS SENSOR MARKET     63

5.2.1      DRIVERS               63

5.2.1.1   High demand for gas sensors in critical industries              63

5.2.1.2   Formulation and implementation of various health and safety regulations globally            64

FIGURE 24           MAJOR SOURCES OF AIR POLLUTION, 2019          64

TABLE 2                LIST OF GOVERNMENT REGULATIONS/ACTS FOR AIR QUALITY MONITORING      65

5.2.1.3   Increasing integration of gas sensors in HVAC systems and air quality monitors   65

5.2.1.4   Increasing air pollution level and need for air quality monitoring in smart cities    66

TABLE 3                MOST POLLUTED CITIES IN WORLD BY MID-YEAR 2020    66

5.2.1.5   Increased demand for gas sensors in healthcare industry during COVID-19 pandemic      67

5.2.2      RESTRAINTS       68

5.2.2.1   Intense pricing pressure resulting in decline in average selling prices (ASPs)         68

5.2.2.2   Development of new and innovative gas sensors is time consuming        68

TABLE 4                RECENT INNOVATION IN GAS SENSORS 69

5.2.3      OPPORTUNITIES               69

5.2.3.1   Deployment of IoT, cloud computing, and big data with gas sensors         69

5.2.3.2   Growing adoption of gas sensors in consumer electronics             70

5.2.3.3   Increasing demand for miniaturized wireless gas sensors              70

5.2.4      CHALLENGES      71

5.2.4.1   Technical issue and cost & time factor    71

5.2.4.2   Decline in demand from oil and gas industry due to COVID-19     71

5.3          VALUE CHAIN ANALYSIS               72

FIGURE 25           VALUE CHAIN ANALYSIS: MOST VALUE ADDED BY SENSOR AND SENSOR MODULE MANUFACTURERS      72

5.4          PORTER’S FIVE FORCES ANALYSIS             74

TABLE 5                IMPACT OF EACH FORCE ON GAS SENSOR MARKET          74

5.5          AVERAGE SELLING PRICE ANALYSIS         75

TABLE 6                FEW GAS SENSOR SOLUTIONS AND ITS COST      75

TABLE 7                AVERAGE SELLING PRICE OF GAS SENSORS, BY APPLICATION      75

TABLE 8                AVERAGE SELLING PRICE OF GAS SENSORS, BY OUTPUT TYPE      76

FIGURE 26           ASP TREND FOR GAS SENSORS ADOPTED IN AUTOMOTIVE AND HEALTHCARE INDUSTRIES            76

5.6          TRADE ANALYSIS              77

5.6.1      IMPORT SCENARIO OF GAS OR SMOKE ANALYSIS APPARATUS   77

TABLE 9                IMPORT DATA OF GAS OR SMOKE ANALYSIS APPARATUS, BY COUNTRY, 2015–2019 (USD MILLION)         77

5.6.2      EXPORT SCENARIO OF GAS OR SMOKE ANALYSIS APPARATUS    78

TABLE 10              EXPORT DATA OF GAS OR SMOKE ANALYSIS APPARATUS, BY COUNTRY, 2015–2019 (USD MILLION)          78

5.7          REVENUE SHIFT & NEW REVENUE POCKETS FOR GAS SENSOR MARKET   79

FIGURE 27           REVENUE SHIFT IN THE GAS SENSOR MARKET     79

5.8          GAS SENSOR ECOSYSTEM             80

FIGURE 28           GAS SENSOR ECOSYSTEM             80

5.9          CASE STUDY ANALYSIS   80

5.9.1      ION SCIENCE PARTNERS WITH BLACKLINE SAFETY             80

5.9.2      CO2METER INC.(US) USES GAS SENSING SOLUTIONS’ (GSS) (US) SENSORS AS ITS CO2 ALARMS  81

5.9.3      PORTABLE GAS ANALYZER FOR STORAGE CONTROL SYSTEMS LTD. (UK)

BY GAS SENSING SOLUTIONS (US)           81

5.9.4      AN INNOVATIVE GAS SENSOR NETWORK MONITORS USING ALPHASENSE’S (UK) SO2 SENSORS IN HAWAII          82

5.10        PATENT ANALYSIS           82

5.10.1    PATENT REGISTRATIONS, 2017–2020       82

TABLE 11              SOME PATENT REGISTRATIONS, 2017–2020         82

5.10.2    GAS SENSOR: PATENT ANALYSIS               83

5.10.2.1                Methodology    83

5.10.2.2                Document Type                83

TABLE 12              PATENTS FILED  83

FIGURE 29           PATENTS FILED BETWEEN 2017 & 2020    83

FIGURE 30           PUBLICATION TRENDS, 2017–2020           84

5.10.2.3                Insight  84

5.10.2.4                Sensirion AG      84

TABLE 13              LIST OF PATENTS BY SENSIRION AG         84

5.11        ECHNOLOGY TRENDS     85

5.11.1    KEY TECHNOLOGIES        85

5.11.1.1                MEMS gas sensors          85

5.11.2    ADJACENT TECHNOLOGIES          85

5.11.2.1                Electronic nose (E-nose)               85

5.11.2.2                Printed gas sensors         85

5.11.2.3                Zeolites                85

5.12        TARIFF AND REGULATIONS         86

5.12.1    TARIFFS                86

TABLE 14              MFN TARIFFS FOR GAS OR SMOKE ANALYSIS APPARATUS EXPORTED BY US         86

TABLE 15              MFN TARIFFS FOR GAS OR SMOKE ANALYSIS APPARATUS IMPORTS

BY CHINA             87

5.12.2    NEGATIVE IMPACT OF TARIFFS ON GAS SENSOR MARKET             87

5.12.3    POSITIVE IMPACT OF TARIFFS ON GAS SENSOR MARKET               87

5.13        GOVERNMENT REGULATIONS AND STANDARDS               88

5.13.1    GOVERNMENT REGULATIONS   88

5.13.2    STANDARDS       89

5.13.2.1                International Electrotechnical Commission (IEC)                89

5.13.2.2                AS4641 89

5.13.2.3                ISO 19891-1        89

5.13.2.4                Restriction of Hazardous Substances Directive (RoHS)     89

5.13.2.5                ATmosphere EXplosible (ATEX) 89

5.13.2.6                Edison Testing Laboratories (ETL)              89

5.13.2.7                Safety Integrity Level 1 (SIL 1)    90

5.13.2.8                Material Safety Data Sheet (MSDS)         90

6              GAS SENSOR MARKET, BY PRODUCT TYPE             91

6.1          INTRODUCTION                92

FIGURE 31           GAS DETECTORS SEGMENT TO ACCOUNT FOR LARGEST MARKET

SHARE BY 2026  92

TABLE 16              GAS SENSOR MARKET, BY PRODUCT TYPE, 2018–2020 (USD MILLION)     92

TABLE 17              GAS SENSOR MARKET, BY PRODUCT TYPE, 2021–2026 (USD MILLION)     93

6.2          GAS ANALYZERS & MONITORS   93

6.2.1      VITAL ROLE OF GAS ANALYZERS IN INCREASING SAFETY LEVEL AT WORKPLACES TO BOOST DEMAND FOR GAS SENSORS             93

6.3          GAS DETECTORS               94

6.3.1      GAS DETECTORS SEGMENT HELD LARGEST SHARE OF GAS SENSOR MARKET IN 2020         94

6.4          AIR QUALITY MONITORS              94

6.4.1      GROWING AWARENESS REGARDING AIR QUALITY MONITORING TO BOOST DEMAND FOR GAS SENSORS             94

6.5          AIR PURIFIERS/AIR CLEANERS    94

6.5.1      GROWING USE OF AIR PURIFIERS TO DETECT VOC POLLUTANTS TO PROPEL DEMAND FOR GAS SENSORS              94

6.6          HVAC    95

6.6.1      INCREASING DEMAND FOR HVAC SYSTEMS TO BOOST GROWTH OF GAS SENSOR MARKET           95

6.7          MEDICAL EQUIPMENT   95

6.7.1      GROWING DEMAND FOR VENTILATORS DURING COVID-19 PANDEMIC HAS INCREASED ADOPTION OF OXYGEN SENSORS IN MEDICAL DEVICES  95

6.8          CONSUMER DEVICES      96

6.8.1      GROWING ADOPTION OF WEARABLE DEVICES TO PROPEL GROWTH OF GAS SENSOR MARKET FOR CONSUMER DEVICES               96

7              GAS SENSOR MARKET, BY TECHNOLOGY               97

7.1          INTRODUCTION                98

FIGURE 32           ELECTROCHEMICAL TECHNOLOGY SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 2026  98

TABLE 18              GAS SENSOR MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION)        98

TABLE 19              GAS SENSOR MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)        99

7.2          ELECTROCHEMICAL         99

7.2.1      GROWING USE OF ELECTROCHEMICAL TECHNOLOGY DUE TO ITS ABILITY TO BE USED IN LOW CONCENTRATION RANGES               99

FIGURE 33           SCHEMATIC OF ELECTROCHEMICAL GAS SENSORS IN CLEAN AIR                100

 

7.3          PHOTOIONIZATION DETECTORS (PID)     100

7.3.1      PHOTOIONIZATION TECHNOLOGY IS WIDELY USED IN GAS CHROMATOGRAPHY                100

7.4          SOLID-STATE/METAL-OXIDE-SEMICONDUCTOR (MOS)   101

7.4.1      MOS-BASED GAS SENSORS ARE LIGHTWEIGHT AND OFFER HIGH SENSITIVITY AND FAST RESPONSE TIME               101

7.5          CATALYTIC          101

7.5.1      GROWING ADOPTION OF CATALYTIC TECHNOLOGY IN AMMONIA AND METHANE GAS SENSORS              101

FIGURE 34           OPERATING PRINCIPLE OF CATALYTIC GAS SENSORS IN CLEAN AIR           101

7.6          INFRARED           102

7.6.1      GROWING USE OF INFRARED TECHNOLOGY GAS SENSORS IN INDUSTRIAL, HVAC, AND IQM APPLICATIONS         102

FIGURE 35           OPERATING PRINCIPLE OF INFRARED GAS SENSORS        102

7.7          LASER    103

7.7.1      LASER GAS SENSORS ENABLE LONG-RANGE DETECTION OF GASES           103

7.8          ZIRCONIA            103

7.8.1      ZIRCONIA TECHNOLOGY MAINLY USED FOR OXYGEN GAS SENSORS         103

7.9          HOLOGRAPHIC  104

7.9.1      GAS DETECTION USES HOLOGRAPHIC TECHNOLOGY TO MEASURE REFLECTION PROPERTIES        104

7.10        OTHERS                104

7.10.1    GROWING DEMAND FOR VENTILATORS DURING COVID-19 PANDEMIC HAS INCREASED ADOPTION OF OXYGEN SENSORS             104

8              GAS SENSOR MARKET, BY CONNECTIVITY             105

8.1          INTRODUCTION                106

FIGURE 36           WIRELESS GAS SENSOR SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD            106

TABLE 20              GAS SENSOR MARKET, BY CONNECTIVITY, 2018–2020 (USD MILLION)      106

TABLE 21              GAS SENSOR MARKET, BY CONNECTIVITY, 2021–2026 (USD MILLION)      106

8.2          WIRED GAS SENSOR       107

8.2.1      HIGH ADOPTION OF WIRED SENSORS IN INDUSTRIAL APPLICATIONS       107

8.3          WIRELESS GAS SENSOR 107

8.3.1      GROWING USE OF PORTABLE AND CONSUMER DEVICES               107

9              GAS SENSOR MARKET, BY OUTPUT TYPE               109

9.1          INTRODUCTION                110

FIGURE 37           DIGITAL GAS SENSOR SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD               110

TABLE 22              GAS SENSOR MARKET, BY OUTPUT TYPE, 2018–2020 (USD MILLION)        110

TABLE 23              GAS SENSOR MARKET, BY OUTPUT TYPE, 2021–2026 (USD MILLION)        110

9.2          ANALOG              111

9.2.1      INCREASING DEMAND FOR ANALOG OUTPUT GAS SENSORS TO ANALYZE VARIATIONS IN CURRENT MEASUREMENTS             111

9.3          DIGITAL                111

9.3.1      DIGITAL OUTPUT SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD        111

10           GAS SENSOR MARKET, BY TYPE  113

10.1        INTRODUCTION                114

FIGURE 38           OXYGEN GAS SENSOR SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2026     114

TABLE 24              GAS SENSOR MARKET, BY GAS TYPE, 2018–2020 (USD MILLION) 114

TABLE 25              GAS SENSOR MARKET, BY GAS TYPE, 2021–2026 (USD MILLION) 115

FIGURE 39           OVERALL SHIPMENTS FOR GAS SENSOR MARKET (MILLION UNITS)          116

TABLE 26              GAS SENSOR MARKET, BY GAS TYPE, 2018–2020 (THOUSAND UNITS)       116

TABLE 27              GAS SENSOR MARKET, BY GAS TYPE, 2021–2026 (THOUSAND UNITS)       117

10.2        OXYGEN               117

10.2.1    GROWING NEED FOR OXYGEN SENSORS FOR MEDICAL EQUIPMENT AND WEARABLE DEVICES TO FUEL MARKET GROWTH             117

FIGURE 40           OXYGEN SENSORS SEGMENT TO LEAD GAS SENSOR MARKET FOR AUTOMOTIVE & TRANSPORTATION APPLICATION DURING FORECAST PERIOD            118

TABLE 28              OXYGEN GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD MILLION)           118

TABLE 29              OXYGEN GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD MILLION)           119

10.3        CARBON MONOOXIDE (CO)        119

10.3.1    SERIOUS EFFECTS OF CO ON HEALTH AND GOVERNMENT REGULATIONS FOR MONITORING CO LEVELS TO DRIVE GROWTH OF MARKET    119

TABLE 30              PERMISSIBLE/EXPOSURE LIMITS FOR CARBON MONOXIDE           120

TABLE 31              CARBON MONOOXIDE GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD MILLION)           120

TABLE 32              CARBON MONOOXIDE GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD MILLION)           121

10.4        CARBON DIOXIDE (CO2)                121

10.4.1    GROWTH OF CO2 GAS SENSORS SEGMENT IS ATTRIBUTED TO INCREASING LEVEL OF GREENHOUSE GAS EMISSIONS                121

TABLE 33              PERMISSIBLE/EXPOSURE LIMITS FOR CARBON DIOXIDE 122

TABLE 34              CARBON DIOXIDE GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD MILLION)           122

TABLE 35              CARBON DIOXIDE GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD MILLION)           123

10.5        AMMONIA (NH3)            123

10.5.1    GROWING USAGE OF AMMONIA SENSORS IN SMART CITIES & INDUSTRIAL APPLICATIONS TO CREATE LUCRATIVE OPPORTUNITIES FOR MARKET   123

TABLE 36              PERMISSIBLE/EXPOSURE LIMITS FOR AMMONIA              124

TABLE 37              AMMONIA GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD MILLION)           124

TABLE 38              AMMONIA GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD MILLION)           125

 

10.6        CHLORINE (CL)  125

10.6.1    GROWING DEMAND FOR CHLORINE DETECTORS IN WATER & WASTEWATER TREATMENT APPLICATION TO DRIVE GROWTH OF MARKET    125

TABLE 39              PERMISSIBLE/EXPOSURE LIMITS FOR AMMONIA              126

TABLE 40              CHLORINE GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD THOUSAND)     126

TABLE 41              CHLORINE GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD THOUSAND)     127

10.7        HYDROGEN SULFIDE (H2S)           127

10.7.1    INCREASED APPLICATIONS OF H2S GAS SENSORS IN OIL & GAS INDUSTRY, SMART CITIES, AND WATER & WASTEWATER TREATMENT TO BOOST MARKET GROWTH             127

TABLE 42              HYDROGEN SULFIDE– PERMISSIBLE/EXPOSURE LIMITS   128

TABLE 43              HYDROGEN SULFIDE GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD THOUSAND)     128

TABLE 44              HYDROGEN SULFIDE GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD THOUSAND)     129

10.8        NITROGEN OXIDE (NOX)               129

10.8.1    NEED TO DETECT TOXIC NITROGEN SOLUTIONS IN OUTDOOR AIR TO FUEL DEMAND FOR NOX SENSORS                129

TABLE 45              NITROGEN OXIDE GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD MILLION)           130

TABLE 46              NITROGEN OXIDE GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD MILLION)           130

10.9        VOLATILE ORGANIC COMPOUNDS (VOCS)           131

10.9.1    10.9.1 RISING POLLUTION LEVELS AND NEED FOR AIR QUALITY MONITORING TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR MARKET   131

FIGURE 41           VOC SENSORS TO LEAD GAS SENSOR MARKET FOR CONSUMER ELECTRONICS INDUSTRY DURING FORECAST PERIOD 131

TABLE 47              VOC GAS SENSOR MARKET, BY APPLICATION, 2018–2020 (USD MILLION)              132

TABLE 48              VOC GAS SENSOR MARKET, BY APPLICATION, 2021–2026 (USD MILLION)              132

10.10     METHANE (CH4)               133

10.10.1  NEED FOR HIGH-PERFORMANCE AND PORTABLE GAS SENSORS TO DETECT TOXIC GASES IN MINES TO BOOST DEMAND FOR METHANE GAS SENSORS 133

TABLE 49              PERMISSIBLE/EXPOSURE LIMITS FOR METHANE                133

TABLE 50              METHANE GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD MILLION)           134

TABLE 51              METHANE GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD MILLION)           134

10.11     HYDROCARBONS              135

10.11.1  INCREASING USE OF HYDROCARBON GAS SENSORS TO DETECT HIGHLY COMBUSTIBLE GASES TO PROPEL MARKET GROWTH             135

TABLE 52              HYDROCARBON GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD THOUSAND)     136

TABLE 53              GAS SENSOR MARKET, BY APPLICATION, 2021–2026 (USD THOUSAND)  136

 

10.12     HYDROGEN (H2)               137

10.12.1  HIGH DEMAND FOR HYDROGEN SENSOR IN INDUSTRIAL APPLICATION DUE TO ITS HYDROGEN GAS CHARACTERISTICS TO FUEL MARKET GROWTH   137

TABLE 54              PERMISSIBLE/EXPOSURE LIMITS FOR HYDROGEN              137

TABLE 55              HYDROGEN GAS SENSOR MARKET, BY APPLICATION,

2018–2020 (USD THOUSAND)     137

TABLE 56              HYDROGEN GAS SENSOR MARKET, BY APPLICATION,

2021–2026 (USD THOUSAND)     138

11           GAS SENSOR MARKET, BY APPLICATION                139

11.1        INTRODUCTION                140

FIGURE 42           SMART CITIES & BUILDING AUTOMATION SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 2026  140

TABLE 57              GAS SENSOR MARKET, BY APPLICATION, 2018–2020 (USD MILLION)        140

TABLE 58              GAS SENSOR MARKET, BY APPLICATION, 2021–2026 (USD MILLION)        141

11.2        AUTOMOTIVE & TRANSPORTATION        141

11.2.1    DECLINE IN GLOBAL DEMAND FOR AUTOMOBILES DUE TO COVID-19 PANDEMIC TO IMPACT GROWTH OF SEGMENT                141

FIGURE 43           OXYGEN SENSORS SEGMENT TO LEAD GAS SENSOR MARKET FOR AUTOMOTIVE & TRANSPORTATION APPLICATION DURING FORECAST PERIOD            142

TABLE 59              GAS SENSOR MARKET FOR AUTOMOTIVE & TRANSPORTATION APPLICATION, BY GAS TYPE, 2018–2020 (USD MILLION) 143

TABLE 60              GAS SENSOR MARKET FOR AUTOMOTIVE & TRANSPORTATION APPLICATION, BY GAS TYPE, 2021–2026 (USD MILLION) 143

TABLE 61              GAS SENSOR MARKET FOR AUTOMOTIVE & TRANSPORTATION APPLICATION, BY REGION, 2018–2020 (USD MILLION)             144

TABLE 62              GAS SENSOR MARKET FOR AUTOMOTIVE & TRANSPORTATION APPLICATION, BY REGION, 2021–2026 (USD MILLION)             144

11.3        SMART CITIES & BUILDING AUTOMATION            145

11.3.1    GROWING ADOPTION OF AIR QUALITY MONITORS TO CREATE LUCRATIVE OPPORTUNITIES FOR GAS SENSOR MARKET               145

TABLE 63              GAS SENSOR MARKET FOR SMART CITIES & BUILDING AUTOMATION APPLICATION, BY GAS TYPE, 2018–2020 (USD MILLION)       146

TABLE 64              GAS SENSOR MARKET FOR SMART CITIES & BUILDING AUTOMATION APPLICATION, BY GAS TYPE, 2021–2026 (USD MILLION)       146

TABLE 65              GAS SENSOR MARKET FOR SMART CITIES & BUILDING AUTOMATION APPLICATION, BY REGION, 2018–2020 (USD MILLION) 147

TABLE 66              GAS SENSOR MARKET FOR SMART CITIES & BUILDING AUTOMATION APPLICATION, BY REGION, 2021–2026 (USD MILLION) 147

11.4        OIL & GAS INDUSTRY      147

11.4.1    GROWING NEED TO MONITOR FLAMMABLE AND TOXIC GASES IN EXPLORATION AND REFINING PROCESSES TO BOOST MARKET GROWTH            147

TABLE 67              GAS SENSOR MARKET FOR OIL & GAS INDUSTRY, BY GAS TYPE,

2018–2020 (USD MILLION)           148

TABLE 68              GAS SENSOR MARKET FOR OIL & GAS INDUSTRY, BY GAS TYPE,

2021–2026 (USD MILLION)           149

TABLE 69              GAS SENSOR MARKET FOR OIL & GAS INDUSTRY, BY REGION,

2018–2020 (USD MILLION)           149

TABLE 70              GAS SENSOR MARKET FOR OIL & GAS INDUSTRY, BY REGION,

2021–2026 (USD MILLION)           150

11.5        WATER & WASTEWATER TREATMENT     150

11.5.1    STRICT GOVERNMENT REGULATIONS TO BOOST ADOPTION OF TOXIC GAS MONITORS IN WASTEWATER TREATMENT       150

TABLE 71              GAS SENSOR MARKET FOR WATER & WASTEWATER TREATMENT APPLICATION, BY GAS TYPE, 2018–2020 (USD MILLION) 151

TABLE 72              GAS SENSOR MARKET FOR WATER & WASTEWATER TREATMENT APPLICATION, BY GAS TYPE, 2021–2026 (USD MILLION) 151

TABLE 73              GAS SENSOR MARKET FOR WATER & WASTEWATER TREATMENT APPLICATION, BY REGION, 2018–2020 (USD THOUSAND)           152

TABLE 74              GAS SENSOR MARKET FOR WATER & WASTEWATER TREATMENT APPLICATION, BY REGION, 2021–2026 (USD THOUSAND)           152

11.6        FOOD & BEVERAGE INDUSTRY   153

11.6.1    NEED FOR MONITORING CO2, VOC, AND CH4 IN FOOD PROCESSING AND STORAGE TO DRIVE GROWTH OF MARKET                153

TABLE 75              GAS SENSOR MARKET FOR FOOD & BEVERAGE INDUSTRY, BY GAS TYPE, 2018–2020 (USD THOUSAND)    153

TABLE 76              GAS SENSOR MARKET FOR FOOD & BEVERAGE INDUSTRY, BY GAS TYPE, 2021–2026 (USD THOUSAND)    154

TABLE 77              GAS SENSOR MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2018–2020 (USD THOUSAND)       154

TABLE 78              GAS SENSOR MARKET FOR FOOD & BEVERAGE INDUSTRY, BY REGION, 2021–2026 (USD THOUSAND)       154

11.7        POWER STATIONS           155

11.7.1    NEED FOR CONTINUOUS MONITORING OF TOXIC AND COMBUSTIBLE GASES IN POWER PLANTS TO DRIVE GROWTH OF GAS SENSOR MARKET             155

TABLE 79              GAS SENSOR MARKET FOR POWER STATIONS, BY GAS TYPE,

2018–2020 (USD THOUSAND)     155

TABLE 80              GAS SENSOR MARKET FOR POWER STATIONS, BY GAS TYPE,

2021–2026 (USD THOUSAND)     156

TABLE 81              GAS SENSOR MARKET FOR POWER STATIONS, BY REGION,

2018–2020 (USD THOUSAND)     156

TABLE 82              GAS SENSOR MARKET FOR POWER STATIONS, BY REGION,

2021–2026 (USD THOUSAND)     156

11.8        MEDICAL INDUSTRY        157

11.8.1    INCREASED ADOPTION OF O2 AND CO2 SENSORS IN MEDICAL INDUSTRY DURING COVID-19 PANDEMIC TO BOOST MARKET GROWTH           157

TABLE 83              GAS SENSOR MARKET FOR MEDICAL INDUSTRY, BY GAS TYPE,

2018–2020 (USD MILLION)           158

TABLE 84              GAS SENSOR MARKET FOR MEDICAL INDUSTRY, BY GAS TYPE,

2021–2026 (USD MILLION)           158

TABLE 85              GAS SENSOR MARKET FOR MEDICAL INDUSTRY, BY REGION,

2018–2020 (USD MILLION)           159

TABLE 86              GAS SENSOR MARKET FOR MEDICAL INDUSTRY, BY REGION,

2021–2026 (USD MILLION)           159

 

11.9        METAL & CHEMICAL INDUSTRY  159

11.9.1    REGULATIONS TO REDUCE HARMFUL GAS EMISSIONS TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR MARKET               159

TABLE 87              GAS SENSOR MARKET FOR METAL & CHEMICAL INDUSTRY, BY GAS TYPE, 2018–2020 (USD THOUSAND)  160

TABLE 88              GAS SENSOR MARKET FOR METAL & CHEMICAL INDUSTRY, BY GAS TYPE, 2021–2026 (USD THOUSAND)  161

TABLE 89              GAS SENSOR MARKET FOR METAL & CHEMICAL INDUSTRY, BY REGION, 2018–2020 (USD MILLION)           161

TABLE 90              GAS SENSOR MARKET FOR METAL & CHEMICAL INDUSTRY, BY REGION, 2021–2026 (USD MILLION)           162

11.10     MINING INDUSTRY         162

11.10.1  GROWING NEED FOR HIGH-PERFORMANCE AND PORTABLE GAS SENSORS TO DETECT TOXIC GASES IN MINES TO FUEL MARKET GROWTH                162

TABLE 91              GAS SENSOR MARKET FOR MINING INDUSTRY, BY GAS TYPE,

2018–2020 (USD THOUSAND)     163

TABLE 92              GAS SENSOR MARKET FOR MINING INDUSTRY, BY GAS TYPE,

2021–2026 (USD THOUSAND)     163

TABLE 93              GAS SENSOR MARKET FOR MINING INDUSTRY, BY REGION,

2018–2020 (USD MILLION)           164

TABLE 94              GAS SENSOR MARKET FOR MINING INDUSTRY, BY REGION,

2021–2026 (USD MILLION)           164

11.11     CONSUMER ELECTRONICS INDUSTRY      164

11.11.1  GROWING INTEGRATION OF GAS SENSORS INTO CONSUMER DEVICES SUCH AS SMARTPHONES AND WEARABLES TO DRIVE GROWTH OF MARKET                164

TABLE 95              GAS SENSOR MARKET FOR CONSUMER ELECTRONICS INDUSTRY,

BY GAS TYPE, 2018–2020 (USD MILLION)               165

TABLE 96              GAS SENSOR MARKET FOR CONSUMER ELECTRONICS INDUSTRY,

BY GAS TYPE, 2021–2026 (USD MILLION)               165

FIGURE 44           APAC TO LEAD GAS SENSOR MARKET FOR CONSUMER ELECTRONICS INDUSTRY DURING FORECAST PERIOD                165

TABLE 97              GAS SENSOR MARKET FOR CONSUMER ELECTRONICS INDUSTRY,

BY REGION, 2018–2020 (USD MILLION)  166

TABLE 98              GAS SENSOR MARKET FOR CONSUMER ELECTRONICS INDUSTRY,

BY REGION, 2021–2026 (USD MILLION)  166

12           GAS SENSOR MARKET, BY REGION           167

12.1        INTRODUCTION                168

FIGURE 45           GEOGRAPHIC SNAPSHOT: APAC TO WITNESS HIGHEST GROWTH

FROM 2021 TO 2026        168

FIGURE 46           APAC TO DOMINATE GAS SENSOR MARKET DURING FORECAST PERIOD                169

TABLE 99              GAS SENSOR MARKET, BY REGION, 2018–2020 (USD MILLION)    169

TABLE 100            GAS SENSOR MARKET, BY REGION, 2021–2026 (USD MILLION)    169

12.2        NORTH AMERICA             170

FIGURE 47           NORTH AMERICA: GAS SENSOR MARKET SNAPSHOT       171

TABLE 101            GAS SENSOR MARKET IN NORTH AMERICA, BY APPLICATION,

2018–2020 (USD MILLION)           172

TABLE 102            GAS SENSOR MARKET IN NORTH AMERICA, BY APPLICATION,

2021–2026 (USD MILLION)           172

TABLE 103            GAS SENSOR MARKET IN NORTH AMERICA, BY COUNTRY,

2018–2020 (USD MILLION)           173

TABLE 104            GAS SENSOR MARKET IN NORTH AMERICA, BY COUNTRY,

2021–2026 (USD MILLION)           173

12.2.1    US          173

12.2.1.1                US to be largest market for gas sensors during forecast period   173

TABLE 105            GAS SENSOR MARKET IN US, BY APPLICATION, 2018–2020 (USD MILLION)            174

TABLE 106            GAS SENSOR MARKET IN US, BY APPLICATION, 2021–2026 (USD MILLION)            174

12.2.2    CANADA              175

12.2.2.1                Implementation of stringent rules and regulations to control pollution level to boost growth of Canadian market 175

TABLE 107            GAS SENSOR MARKET IN CANADA, BY APPLICATION,

2018–2020 (USD THOUSAND)     175

TABLE 108            GAS SENSOR MARKET IN CANADA, BY APPLICATION,

2021–2026 (USD THOUSAND)     176

12.2.3    MEXICO               176

12.2.3.1                Increasing industrialization in Mexico to drive growth of gas sensor market          176

TABLE 109            GAS SENSOR MARKET IN MEXICO, BY APPLICATION,

2018–2020 (USD THOUSAND)     177

TABLE 110            GAS SENSOR MARKET IN MEXICO, BY APPLICATION,

2021–2026 (USD THOUSAND)     177

12.3        EUROPE               178

FIGURE 48           EUROPE: GAS SENSOR MARKET SNAPSHOT         179

TABLE 111            GAS SENSOR MARKET IN EUROPE, BY APPLICATION,

2018–2020 (USD MILLION)           180

TABLE 112            GAS SENSOR MARKET IN EUROPE, BY APPLICATION,

2021–2026 (USD MILLION)           180

TABLE 113            GAS SENSOR MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)         181

TABLE 114            GAS SENSOR MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)         181

12.3.1    GERMANY           182

12.3.1.1                Germany to lead European gas sensor market during forecast period for automotive industry    182

TABLE 115            GAS SENSOR MARKET IN GERMANY, BY APPLICATION,

2018–2020 (USD THOUSAND)     183

TABLE 116            GAS SENSOR MARKET IN GERMANY, BY APPLICATION,

2021–2026 (USD THOUSAND)     183

12.3.2    UK          184

12.3.2.1                UK to witness high growth rate in European gas sensor market during forecast period    184

TABLE 117            GAS SENSOR MARKET IN UK, BY APPLICATION,

2018–2020 (USD THOUSAND)     184

TABLE 118            GAS SENSOR MARKET IN UK, BY APPLICATION,

2021–2026 (USD THOUSAND)     185

 

12.3.3    FRANCE                185

12.3.3.1                Growing use of gas sensors in automotive industry and power stations to drive market growth  185

TABLE 119            GAS SENSOR MARKET IN FRANCE, BY APPLICATION,

2018–2020 (USD THOUSAND)     186

TABLE 120            GAS SENSOR MARKET IN FRANCE, BY APPLICATION,

2021–2026 (USD THOUSAND)     186

12.3.4    ITALY     187

12.3.4.1                Italy to witness an increase in demand for gas sensors in automotive and food & beverage industries during forecast period 187

TABLE 121            GAS SENSOR MARKET IN ITALY, BY APPLICATION,

2018–2020 (USD THOUSAND)     187

TABLE 122            GAS SENSOR MARKET IN ITALY, BY APPLICATION,

2021–2026 (USD THOUSAND)     188

12.3.5    REST OF EUROPE              188

TABLE 123            GAS SENSOR MARKET IN REST OF EUROPE, BY APPLICATION,

2018–2020 (USD THOUSAND)     189

TABLE 124            GAS SENSOR MARKET IN REST OF EUROPE, BY APPLICATION,

2021–2026 (USD THOUSAND)     189

12.4        ASIA PACIFIC     190

FIGURE 49           APAC: GAS SENSOR MARKET SNAPSHOT               191

TABLE 125            GAS SENSOR MARKET IN APAC, BY APPLICATION,

2018–2020 (USD MILLION)           192

TABLE 126            GAS SENSOR MARKET IN APAC, BY APPLICATION,

2021–2026 (USD MILLION)           192

TABLE 127            GAS SENSOR MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)              193

TABLE 128            GAS SENSOR MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)              193

12.4.1    CHINA   193

12.4.1.1                China to witness rapid growth in global gas sensor market            193

TABLE 129            GAS SENSOR MARKET IN CHINA, BY APPLICATION,

2018–2020 (USD MILLION)           194

TABLE 130            GAS SENSOR MARKET IN CHINA, BY APPLICATION,

2021–2026 (USD MILLION)           195

12.4.2    JAPAN  195

12.4.2.1                High demand for gas sensors due to increasing government initiatives to curb air pollution to boost market growth 195

TABLE 131            GAS SENSOR MARKET IN JAPAN, BY APPLICATION,

2018–2020 (USD THOUSAND)     196

TABLE 132            GAS SENSOR MARKET IN JAPAN, BY APPLICATION,

2021–2026 (USD THOUSAND)     196

12.4.3    INDIA    197

12.4.3.1                Expanding manufacturing industries and government initiatives for smart cities development to drive market growth  197

TABLE 133            GAS SENSOR MARKET IN INDIA, BY APPLICATION,

2018–2020 (USD THOUSAND)     197

TABLE 134            GAS SENSOR MARKET IN INDIA, BY APPLICATION,

2021–2026 (USD THOUSAND)     198

12.4.4    SOUTH KOREA   198

12.4.4.1                Consumer electronics and automobile manufacturing companies are playing a vital role in growth of market                198

TABLE 135            GAS SENSOR MARKET IN SOUTH KOREA, BY APPLICATION,

2018–2020 (USD THOUSAND)     199

TABLE 136            GAS SENSOR MARKET IN SOUTH KOREA, BY APPLICATION,

2021–2026 (USD THOUSAND)     199

12.4.5    REST OF APAC   200

TABLE 137            GAS SENSOR MARKET IN REST OF APAC, BY APPLICATION,

2018–2020 (USD THOUSAND)     200

TABLE 138            GAS SENSOR MARKET IN REST OF APAC, BY APPLICATION,

2021–2026 (USD THOUSAND)     200

12.5        REST OF THE WORLD       201

TABLE 139            GAS SENSOR MARKET IN ROW, BY APPLICATION,

2018–2020 (USD THOUSAND)     201

TABLE 140            GAS SENSOR MARKET IN ROW, BY APPLICATION,

2021–2026 (USD THOUSAND)     201

TABLE 141            GAS SENSOR MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION)   202

TABLE 142            GAS SENSOR MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)   202

12.5.1    MIDDLE EAST & AFRICA 202

12.5.1.1                Middle East & Africa to witness increasing demand for gas sensors during forecast period             202

TABLE 143            GAS SENSOR MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION,

2018–2020 (USD THOUSAND)     203

TABLE 144            GAS SENSOR MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION,

2021–2026 (USD THOUSAND)     203

12.5.2    SOUTH AMERICA             204

12.5.2.1                Implementation of gas sensors in automotive, infrastructure,

oil & gas, chemicals, and mining industries to drives market growth          204

TABLE 145            GAS SENSOR MARKET IN SOUTH AMERICA, BY APPLICATION,

2018–2020 (USD THOUSAND)     204

TABLE 146            GAS SENSOR MARKET IN SOUTH AMERICA, BY APPLICATION,

2021–2026 (USD THOUSAND)     205

12.6        IMPACT OF COVID-19 ON DIFFERENT REGIONS  205

12.6.1    NORTH AMERICA             205

12.6.2    EUROPE               206

12.6.3    APAC     207

13           COMPETITIVE LANDSCAPE           208

13.1        INTRODUCTION                208

FIGURE 50           COMPANIES ADOPTED PRODUCT LAUNCHES & DEVELOPMENTS AS

KEY GROWTH STRATEGY FROM 2017 TO 2020      209

13.2        MARKET EVALUATION FRAMEWORK      210

TABLE 147            OVERVIEW OF STRATEGIES DEPLOYED BY KEY GAS SENSOR OEMS             210

13.2.1    PRODUCT PORTFOLIO    210

13.2.2    REGIONAL FOCUS            210

13.2.3    MANUFACTURING FOOTPRINT 211

13.2.4    ORGANIC/INORGANIC GROWTH STRATEGIES     211

13.3        MARKET PLAYER RANKING AND SHARE ANALYSIS             211

FIGURE 51           HONEYWELL ANALYTICS LED GAS SENSOR MARKET IN 2020          211

13.3.1    MARKET SHARE ANALYSIS, 2020                211

FIGURE 52           GAS SENSOR MARKET: MARKET SHARE ANALYSIS (2020)               212

13.4        REVENUE ANALYSIS OF TOP MARKET PLAYERS   213

FIGURE 53           REVENUE ANALYSIS OF TOP MARKET PLAYERS IN LAST 5 YEARS  213

13.5        COMPANY EVALUATION MATRIX             214

13.5.1    STAR      214

13.5.2    PERVASIVE         214

13.5.3    EMERGING LEADER         214

13.5.4    PARTICIPANT     215

FIGURE 54           GAS SENSOR MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020               215

13.6        STRENGTH OF PRODUCT PORTFOLIO (25 COMPANIES)   216

13.7        START-UP/SME EVALUATION MATRIX, 2019        217

13.7.1    PROGRESSIVE COMPANIES         217

13.7.2    RESPONSIVE COMPANIES            217

13.7.3    DYNAMIC COMPANIES  217

13.7.4    STARTING BLOCKS           217

FIGURE 55           GAS SENSOR MARKET (GLOBAL), SME EVALUATION MATRIX, 2020           218

13.8        COMPETITIVE SITUATIONS & TRENDS     219

13.8.1    PRODUCT LAUNCHES & DEVELOPMENTS              219

TABLE 148            PRODUCT LAUNCHES & DEVELOPMENTS (2017–2020)     219

13.8.2    ACQUISITIONS AND PARTNERSHIPS        223

TABLE 149            ACQUISITIONS AND PARTNERSHIPS (2017–2020)              223

13.8.3    EXPANSION        224

TABLE 150            EXPANSION (2017–2020)              224

14           COMPANY PROFILES      225

(Business Overview, Products Offered, COVID-19-related developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

14.1        KEY PLAYERS      225

14.1.1    HONEYWELL ANALYTICS                225

14.1.2    MSA      228

FIGURE 56           MSA: COMPANY SNAPSHOT       228

14.1.3    AMPHENOL        231

FIGURE 57           AMPHENOL: COMPANY SNAPSHOT         232

14.1.4    FIGARO ENGINEERING INC.        235

14.1.5    ALPHASENSE      238

14.1.6    SENSIRION AG  241

FIGURE 58           SENSIRION AG: COMPANY SNAPSHOT   242

14.1.7    DYNAMENT LTD.              245

14.1.8    AMS AG               247

FIGURE 59           AMS AG: COMPANY SNAPSHOT                248

14.1.9    MEMBRAPOR AG             250

14.1.10  SENSEAIR AB (ASAHI KASEI MICRODEVICES)        252

14.2        RIGHT TO WIN   254

14.3        OTHER COMPANIES        255

14.3.1    NISSHA CO., LTD.             255

14.3.2    RENESAS ELECTRONICS CORPORATION (RENESAS)           256

14.3.3    BREEZE TECHNOLOGIES 257

14.3.4    ELICHENS             258

14.3.5    BOSCH SENSORTEC GMBH           259

14.3.6    DANFOSS            259

14.3.7    EDINBURGH SENSORS   260

14.3.8    GASTEC CORPORATION                261

14.3.9    NEMOTO SENSOR ENGINEERING COMPANY LIMITED     262

14.3.10  SPEC SENSORS  262

14.3.11  MIPEX TECHNOLOGY      263

*Details on Business Overview, Products Offered, COVID-19-related developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

15           APPENDIX           264

15.1        DISCUSSION GUIDE        264

15.2        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   269

15.3        AVAILABLE CUSTOMIZATIONS   271

15.4        RELATED REPORTS           271

15.5        AUTHOR DETAILS             272

 

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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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