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UV Disinfection Equipment Market with COVID-19 Impact Analysis by Component (UV Lamps, Reactor Chambers), Power Rating (High, medium, low), Applicatio...

by Component (UV Lamps, Reactor Chambers), Power Rating (High, medium, low), Application (Water and Wastewater, Surface), End-user (Municipal, Residential), Geography - Global Forecast to 2026

Publisher:        MarketsandMarkets

# of Pages:        227

Rating: 

1 User License $4,950

Publication Date:  January, 2021

Price:       $4,950 / User License




TABLE OF CONTENTS         

 

1             INTRODUCTION    33

1.1          STUDY OBJECTIVES             33

1.2          MARKET DEFINITION AND SCOPE    33

1.2.1      INCLUSIONS AND EXCLUSIONS        34

1.3          SCOPE    35

FIGURE 1               UV DISINFECTANT EQUIPMENT MARKET SEGMENTATION         35

1.3.1      YEARS CONSIDERED           35

1.4          CURRENCY           36

1.5          MARKET STAKEHOLDERS  36

1.6          SUMMARY OF CHANGES   36

2             RESEARCH METHODOLOGY               38

2.1          RESEARCH DATA  38

FIGURE 2               UV DISINFECTION EQUIPMENT MARKET: RESEARCH DESIGN   38

2.1.1      SECONDARY DATA               39

2.1.1.1  List of key secondary sources           39

2.1.1.2  Secondary sources              40

2.1.2      PRIMARY DATA     40

2.1.2.1  Breakdown of primaries    40

2.1.2.2  Key data from primary sources        41

2.1.2.3  Key industry insights           42

2.2          FACTOR ANALYSIS               43

FIGURE 3               MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1–TOP-DOWN (SUPPLY SIDE)—REVENUE GENERATED BY COMPANIES FROM SALES OF

UV DISINFECTION EQUIPMENT         43

FIGURE 4               MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1–TOP-DOWN (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATIONS FOR ONE COMPANY IN UV DISINFECTION EQUIPMENT MARKET    44

FIGURE 5               MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2—BOTTOM-UP (DEMAND SIDE)– DEMAND FOR UV DISINFECTION EQUIPMENT COMPONENTS   45

2.3          MARKET SIZE ESTIMATION                46

2.3.1      BOTTOM-UP APPROACH     46

2.3.1.1  Approach for capturing market share using bottom-up analysis (demand side)   46

FIGURE 6               MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH      46

2.3.2      TOP-DOWN APPROACH       46

2.3.2.1  Approach for capturing market share using top-down analysis

(supply side)         47

FIGURE 7               MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH        47

2.4          MARKET BREAKDOWN AND DATA TRIANGULATION     48

FIGURE 8               DATA TRIANGULATION        48

2.5          RESEARCH ASSUMPTIONS AND LIMITATIONS               49

2.5.1      ASSUMPTIONS     49

2.5.2      LIMITATIONS         49

3             EXECUTIVE SUMMARY       50

3.1          IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT MARKET          51

FIGURE 9               GLOBAL PROPAGATION OF COVID-19              51

FIGURE 10            RECOVERY SCENARIOS OF GLOBAL ECONOMY            52

3.2          REALISTIC SCENARIO          52

3.3          OPTIMISTIC SCENARIO       53

3.4          PESSIMISTIC SCENARIO     53

FIGURE 11            GROWTH PROJECTIONS OF UV DISINFECTION EQUIPMENT MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS           53

FIGURE 12            PRE- AND POST-COVID-19 SCENARIOS OF UV DISINFECTION

EQUIPMENT MARKET         54

FIGURE 13            MARKET FOR UV LAMPS IS PROJECTED TO GROW AT HIGHEST CAGR

FROM 2021 TO 2026        55

FIGURE 14            WATER AND WASTEWATER DISINFECTION SEGMENT IS PROJECTED TO

GROW AT HIGHEST CAGR FROM 2021 TO 2026          55

FIGURE 15            MUNICIPAL SEGMENT OF UV DISINFECTION EQUIPMENT MARKET PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD              56

FIGURE 16            UV DISINFECTION EQUIPMENT MARKET IN APAC IS PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 57

4             PREMIUM INSIGHTS            58

4.1          ATTRACTIVE GROWTH OPPORTUNITIES IN UV DISINFECTION EQUIPMENT MARKET             58

FIGURE 17            INCREASING DEMAND FOR UV DISINFECTION EQUIPMENT DUE TO THREATS OF INFECTIOUS DISEASES IS EXPECTED TO FUEL MARKET GROWTH     58

4.2          UV DISINFECTION EQUIPMENT MARKET, BY COMPONENT AND POWER RATING  59

FIGURE 18            UV LAMPS AND HIGH-POWER UV DISINFECTION EQUIPMENT SEGMENTS PROJECTED TO ACCOUNT FOR LARGEST SHARE OF UV DISINFECTION EQUIPMENT MARKET IN 2026  59

4.3          UV DISINFECTION EQUIPMENT MARKET, BY APPLICATION         59

FIGURE 19            WATER AND WASTEWATER DISINFECTION APPLICATION IS

PROJECTED TO ACCOUNT FOR LARGEST SHARE OF UV DISINFECTION EQUIPMENT MARKET IN 2026           59

4.4          UV DISINFECTION EQUIPMENT MARKET, BY END USER             60

FIGURE 20            MUNICIPAL SEGMENT IS ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF UV DISINFECTION EQUIPMENT MARKET IN 2026     60

4.5          UV DISINFECTION EQUIPMENT MARKET, BY REGION  60

FIGURE 21            APAC ESTIMATED TO CONTINUE TO ACCOUNT FOR LARGEST SHARE OF

UV DISINFECTION EQUIPMENT MARKET DURING FORECAST PERIOD      60

 

4.6          UV DISINFECTION EQUIPMENT MARKET, BY COUNTRY              61

FIGURE 22            UV DISINFECTION EQUIPMENT MARKET IN INDIA IS PROJECTED TO

GROW AT HIGHEST CAGR FROM 2021 TO 2026          61

5             MARKET OVERVIEW            62

5.1          INTRODUCTION    62

5.2          MARKET DYNAMICS           63

FIGURE 23            UV DISINFECTION EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES           63

5.2.1      DRIVERS                63

5.2.1.1  Extensive use of UV disinfection equipment in healthcare facilities for disinfecting hospital environment   63

FIGURE 24            PERCENTAGE OF HAI PATIENTS IN EUROPE   64

5.2.1.2  Increasing demand for UV disinfection equipment to combat

COVID-19 pandemic           64

5.2.1.3  Growing concern regarding safe drinking water in emerging countries   65

5.2.1.4  Long life and low power consumption of UVC LED-based

UV disinfection equipment                65

FIGURE 25            UV DISINFECTION EQUIPMENT MARKET: DRIVERS AND THEIR IMPACT   66

5.2.2      RESTRAINTS         66

5.2.2.1  Lower cost of conventional disinfectants compared to UV lights             66

5.2.2.2  Lack of residual ability of UV disinfection equipment 67

FIGURE 26            UV DISINFECTION EQUIPMENT MARKET: RESTRAINTS AND THEIR IMPACT            67

5.2.3      OPPORTUNITIES   67

5.2.3.1  Increasing demand for ultrapure water          67

5.2.3.2  Growing adoption of UV disinfection equipment for water and wastewater treatment worldwide   68

FIGURE 27            UV DISINFECTION EQUIPMENT MARKET: OPPORTUNITIES AND THEIR IMPACT      68

5.2.4      CHALLENGES        68

5.2.4.1  Misconceptions regarding UV disinfection systems     68

5.2.4.2  Expansion of UV disinfection equipment manufacturing facilities in short period of time  69

FIGURE 28            UV DISINFECTION EQUIPMENT MARKET: CHALLENGES AND THEIR IMPACT          69

5.3          SUPPLY CHAIN ANALYSIS   70

FIGURE 29            UV DISINFECTION EQUIPMENT VALUE CHAIN: MAJOR VALUE IS ADDED

BY COMPONENT SUPPLIERS, AND MANUFACTURERS AND ASSEMBLERS             70

5.4          TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS    71

5.4.1      REVENUE SHIFT AND NEW REVENUE POCKETS FOR UV DISINFECTION EQUIPMENT MARKET          71

FIGURE 30            REVENUE SHIFT IN UV DISINFECTION EQUIPMENT MARKET     71

5.5          UV DISINFECTION EQUIPMENT ECOSYSTEM 72

FIGURE 31            UV DISINFECTION EQUIPMENT ECOSYSTEM 72

TABLE 1 LIST OF OEMS, SUPPLIERS, AND DISTRIBUTORS OF

UV DISINFECTION EQUIPMENT         72

 

5.6          PORTER’S FIVE FORCES MODEL       73

TABLE 2 UV DISINFECTION EQUIPMENT MARKET: PORTER’S FIVE FORCES ANALYSIS         73

5.7          CASE STUDY         74

5.7.1      ST. FRANCIS WAS ABLE TO ACHIEVE ITS GOAL OF MEETING NEW REGULATORY LIMITS BY USING XYLEM’S UV DISINFECTION SYSTEM 74

5.7.2      WEDECO UV SYSTEMS HELPED FRENCH CREEK WASTEWATER TREATMENT PLANT (WWTP) TO SAVE ENERGY AND REDUCE MAINTENANCE    74

5.7.3      WHITE TANKS REGIONAL WATER TREATMENT FACILITY MET LT2 RULE USING UV DISINEFCTION SOLUTION FROM TROJAN TECHNOLOGIES    75

5.7.4      METHODIST HEALTHCARE SYSTEMS CHOSE UVC GERMICIDAL FIXTURES FROM AMERICAN ULTRAVIOLET    75

5.8          TECHNOLOGY ANALYSIS    75

5.8.1      KEY TECHNOLOGIES           75

5.8.1.1  Ultraviolet (UV) light technology       75

5.8.2      ADJACENT TECHNOLOGIES                76

5.8.2.1  UVA technology    76

5.9          AVERAGE SELLING PRICE ANALYSIS                76

TABLE 3 AVERAGE SELLING PRICE OF UV DISINFECTION EQUIPMENT COMPONENTS         76

TABLE 4 AVERAGE SELLING PRICE OF COMPONENTS, IN NORTH AMERICA           77

5.10       TRADE ANALYSIS 78

5.10.1   IMPORT SCENARIO              78

TABLE 5 IMPORT DATA, BY COUNTRY, 2015–2019 (USD THOUSAND)   78

5.10.2   EXPORT SCENARIO              78

TABLE 6 EXPORT DATA, BY COUNTRY, 2015–2019 (USD THOUSAND)   79

5.11       PATENT ANALYSIS, 2015–2020     79

5.12       TARIFFS AND REGULATIONS RELATED TO UV LAMPS   81

5.12.1   TARIFFS 81

5.12.2   REGULATORY COMPLIANCE              81

5.12.3   STANDARDS          82

6             DIFFERENT DEPLOYMENT MODES USED FOR UV DISINFECTION EQUIPMENT       83

6.1          INTRODUCTION    83

FIGURE 32            DIFFERENT DEPLOYMENT MODES USED FOR UV DISINFECTION EQUIPMENT       83

6.2          MOBILE  83

6.3          WALL MOUNTED  83

6.4          OTHERS 83

7             UV DISINFECTION EQUIPMENT MARKET, BY COMPONENT        84

7.1          INTRODUCTION    85

FIGURE 33            UV DISINFECTION EQUIPMENT MARKET, BY COMPONENT        85

FIGURE 34            UV LAMPS PROJECTED TO REGISTER HIGHEST CAGR IN UV DISINFECTION EQUIPMENT MARKET FROM 2021 TO 2026                85

TABLE 7 UV DISINFECTION EQUIPMENT MARKET, BY COMPONENT,

2017–2020 (USD MILLION)            86

TABLE 8 UV DISINFECTION EQUIPMENT MARKET, BY COMPONENT,

2021–2026 (USD MILLION)            86

TABLE 9 UV DISINFECTION EQUIPMENT MARKET, BY COMPONENT,

2017–2020 (MILLION UNITS)         87

TABLE 10              UV DISINFECTION EQUIPMENT MARKET, BY COMPONENT,

2021–2026 (MILLION UNITS)         87

7.2          UV LAMPS             88

TABLE 11              COMPARISON OF MERCURY UV LAMPS AND UVC LEDS             88

TABLE 12              UV DISINFECTION EQUIPMENT MARKET FOR UV LAMPS, BY TYPE,

2017–2020 (USD MILLION)            88

TABLE 13              UV DISINFECTION EQUIPMENT MARKET FOR UV LAMPS, BY TYPE,

2021–2026 (USD MILLION)            89

FIGURE 35            UV DISINFECTION EQUIPMENT MARKET FOR UV LAMPS IN APAC IS PROJECTED TO WITNESS HIGHEST CAGR FROM 2021 TO 2026    89

TABLE 14              UV DISINFECTION EQUIPMENT MARKET FOR UV LAMPS, BY REGION,

2017–2020 (USD MILLION)            90

TABLE 15              UV DISINFECTION EQUIPMENT MARKET FOR UV LAMPS, BY REGION,

2021–2026 (USD MILLION)            90

7.2.1      MERCURY UV LAMPS         91

7.2.1.1  Mercury UV lamps emit varied wavelengths 91

FIGURE 36            AMALGAM UV MERCURY LAMPS PROJECTED TO WITNESS HIGHEST

CAGR FROM 2021 TO 2026            91

TABLE 16              MERCURY UV LAMP MARKET, BY TYPE, 2017–2020 (USD MILLION)    91

TABLE 17              MERCURY UV LAMP MARKET, BY TYPE, 2021–2026 (USD MILLION)    92

7.2.1.2  Low-pressure mercury UV lamps      92

7.2.1.2.1               Low-pressure mercury UV lamps offer 12,000 hours of life and convert up to 40% of electricity into UVC    92

7.2.1.3  Medium-pressure mercury UV lamps              92

7.2.1.3.1               Medium-pressure mercury UV lamps are extensively used in food & beverages and pharmaceuticals industries       92

7.2.1.4  Amalgam mercury UV lamps             93

7.2.1.4.1               Amalgam mercury UV lamps are able to produce three times more UV output than standard low-pressure lamps of same wavelength                93

7.2.2      UVC LEDS              93

7.2.2.1  Shift towards mercury-free UV lamps will accelerate demand

for UVC LEDs        93

7.2.3      IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT MARKET

FOR COMPONENTS             94

FIGURE 37            IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT MARKET

FOR UV LAMPS     94

7.3          REACTOR CHAMBERS        94

7.3.1      REACTOR CHAMBERS HOUSE UV LAMPS AND SLEEVES IN

UV DISINFECTION EQUIPMENT         94

TABLE 18              UV DISINFECTION EQUIPMENT MARKET FOR REACTOR CHAMBERS,

BY REGION, 2017–2020 (USD MILLION)      95

TABLE 19              UV DISINFECTION EQUIPMENT MARKET FOR REACTOR CHAMBERS,

BY REGION, 2021–2026 (USD MILLION)      95

7.4          QUARTZ SLEEVES                95

7.4.1      QUARTZ SLEEVES PROTECT UV LAMPS FROM EXTERNAL ENVIRONMENT              95

TABLE 20              UV DISINFECTION EQUIPMENT MARKET FOR QUARTZ SLEEVES, BY REGION, 2017–2020 (USD MILLION)   96

TABLE 21              UV DISINFECTION EQUIPMENT MARKET FOR QUARTZ SLEEVES, BY REGION, 2021–2026 (USD MILLION)   96

7.5          CONTROLLER UNITS           96

7.5.1      CONTROLLER UNITS CONTROL ELECTRICAL OUTPUT IN

UV DISINFECTION EQUIPMENT         96

TABLE 22              UV DISINFECTION EQUIPMENT MARKET FOR CONTROLLER UNITS,

BY REGION, 2017–2020 (USD MILLION)      97

TABLE 23              UV DISINFECTION EQUIPMENT MARKET FOR CONTROLLER UNITS,

BY REGION, 2021–2026 (USD MILLION)      97

7.6          OTHERS 97

TABLE 24              UV DISINFECTION EQUIPMENT MARKET FOR OTHERS, BY REGION,

2017–2020 (USD MILLION)            98

TABLE 25              UV DISINFECTION EQUIPMENT MARKET FOR OTHERS, BY REGION,

2021–2026 (USD MILLION)            98

8             UV DISINFECTION EQUIPMENT MARKET, BY POWER RATING    99

8.1          INTRODUCTION    100

FIGURE 38            UV DISINFECTION EQUIPMENT MARKET, BY POWER RATING    100

FIGURE 39            MEDIUM-POWER UV DISINFECTION EQUIPMENT MARKET PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026     100

TABLE 26              UV DISINFECTION EQUIPMENT MARKET, BY POWER RATING,

2017–2020 (USD MILLION)            100

TABLE 27              UV DISINFECTION EQUIPMENT MARKET, BY POWER RATING,

2021–2026 (USD MILLION)            101

8.2          LOW        101

8.2.1      LOW-POWER UV DISINFECTION EQUIPMENT ARE SUITABLE FOR RESIDENTIAL AND COMMERCIAL APPLICATIONS      101

8.3          MEDIUM                101

8.3.1      MEDIUM-POWER UV DISINFECTION EQUIPMENT ARE DEPLOYED FOR INDUSTRIAL AND COMMERCIAL APPLICATIONS               101

8.4          HIGH       102

8.4.1      HIGH-POWER UV DISINFECTION EQUIPMENT ARE MAINLY USED FOR

LARGE-SCALE APPLICATIONS            102

8.5          IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT, BY POWER RATING      102

FIGURE 40            HIGH-POWER UV DISINFECTION EQUIPMENT SEGMENT HIGHLY IMPACTED

BY COVID-19        102

9             UV DISINFECTION EQUIPMENT MARKET, BY APPLICATION         103

9.1          INTRODUCTION    104

FIGURE 41            UV DISINFECTION EQUIPMENT MARKET, BY APPLICATION         104

FIGURE 42            WATER AND WASTEWATER DISINFECTION SEGMENT TO

RECORD HIGHEST CAGR FROM 2021 TO 2026           104

TABLE 28              UV DISINFECTION EQUIPMENT MARKET, BY APPLICATION,

2017–2020 (USD MILLION)            105

TABLE 29              UV DISINFECTION EQUIPMENT MARKET, BY APPLICATION,

2021–2026 (USD MILLION)            105

9.2          WATER AND WASTEWATER DISINFECTION    106

9.2.1      WATER AND WASTEWATER DISINFECTION SEGMENT TO LEAD UV DISINFECTION EQUIPMENT MARKET DURING FORECAST PERIOD  106

9.3          PROCESS WATER DISINFECTION      107

9.3.1      HIGH DEMAND FOR PURE WATER IN PHARMACEUTICAL, COSMETICS, AND FOOD & BEVERAGES INDUSTRIES TO DRIVE GROWTH OF PROCESS WATER DISINFECTION SEGMENT            107

9.4          AIR DISINFECTION               107

9.4.1      AIR DISINFECTION SEGMENT TO SIGNIFICANTLY CONTRIBUTE TO GROWTH OF UV DISINFECTION EQUIPMENT MARKET           107

9.5          SURFACE DISINFECTION    108

9.5.1      DEPLOYMENT OF OVERHEAD UV SYSTEMS FOR SURGICAL SUITES TO

PROPEL GROWTH OF SURFACE DISINFECTION SEGMENT          108

9.6          IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT MARKET, BY APPLICATION          108

FIGURE 43            IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT MARKET FOR SURFACE UV DISINFECTION EQUIPMENT       108

10           UV DISINFECTION EQUIPMENT MARKET, BY END USER             110

10.1       INTRODUCTION    111

FIGURE 44            UV DISINFECTION EQUIPMENT MARKET, BY END USER             111

FIGURE 45            MUNICIPAL SEGMENT TO REGISTER HIGHEST CAGR FROM 2021 TO 2026          111

TABLE 30              UV DISINFECTION EQUIPMENT MARKET, BY END USER,

2017–2020 (USD MILLION)            112

TABLE 31              UV DISINFECTION EQUIPMENT MARKET, BY END USER,

2021–2026 (USD MILLION)            112

10.2       RESIDENTIAL        113

10.2.1   GROWING CONCERNS REGARDING SAFETY AND HYGIENE TO DRIVE GROWTH OF RESIDENTIAL SEGMENT  113

TABLE 32              RESIDENTIAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2017–2020 (USD MILLION)            113

TABLE 33              RESIDENTIAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2021–2026 (USD MILLION)            114

10.3       COMMERCIAL      114

10.3.1   UV DISINFECTION SYSTEMS ARE USED IN COMMERCIAL SEGMENT MAINLY TO TREAT POTABLE WATER AND WASTEWATER   114

TABLE 34              COMMERCIAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2017–2020 (USD MILLION)            115

TABLE 35              COMMERCIAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2021–2026 (USD MILLION)            115

10.4       INDUSTRIAL          116

10.4.1   HIGH DEMAND IN PHARMACEUTICALS AND FOOD & BEVERAGES INDUSTRIES TO BOOST GROWTH OF UV DISINFECTION EQUIPMENT MARKET         116

TABLE 36              INDUSTRIAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2017–2020 (USD MILLION)            117

TABLE 37              INDUSTRIAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2021–2026 (USD MILLION)            117

10.5       MUNICIPAL           117

10.5.1   MUNICIPAL SEGMENT TO PLAY MAJOR ROLE IN GROWTH OF UV DISINFECTION EQUIPMENT MARKET DURING FORECAST PERIOD                117

FIGURE 46            MUNICIPAL UV DISINFECTION EQUIPMENT MARKET IN APAC TO

EXHIBIT HIGHEST CAGR FROM 2021 TO 2026             118

TABLE 38              MUNICIPAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2017–2020 (USD MILLION)            118

TABLE 39              MUNICIPAL UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2021–2026 (USD MILLION)            119

10.6       IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT, BY END USER                119

FIGURE 47            IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT MARKET FOR MUNICIPAL END USER        119

11           GEOGRAPHIC ANALYSIS     121

11.1       INTRODUCTION    122

FIGURE 48            UV DISINFECTION EQUIPMENT MARKET IN APAC PROJECTED TO

GROW AT HIGHEST CAGR FROM 2021 TO 2026          122

TABLE 40              UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2017–2020 (USD MILLION)            122

TABLE 41              UV DISINFECTION EQUIPMENT MARKET, BY REGION,

2021–2026 (USD MILLION)            123

11.2       NORTH AMERICA 124

FIGURE 49            SNAPSHOT OF UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA         124

TABLE 42              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA,

BY COMPONENT, 2017–2020 (USD MILLION)            125

TABLE 43              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA,

BY COMPONENT, 2021–2026 (USD MILLION)            125

TABLE 44              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA FOR UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)                125

TABLE 45              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA FOR UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)                126

TABLE 46              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA FOR MERCURY UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)               126

TABLE 47              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA FOR MERCURY UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)               126

FIGURE 50            WATER AND WASTEWATER DISINFECTION SEGMENT OF UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026              127

TABLE 48              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA,

BY APPLICATION, 2017–2020 (USD MILLION)             127

TABLE 49              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA,

BY APPLICATION, 2021–2026 (USD MILLION)             127

TABLE 50              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA, BY END USER, 2017–2020 (USD MILLION)   128

TABLE 51              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA, BY END USER, 2021–2026 (USD MILLION)   128

FIGURE 51            UV DISINFECTION EQUIPMENT MARKET IN US PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026          129

TABLE 52              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)    129

TABLE 53              UV DISINFECTION EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)    129

11.2.1   US           130

11.2.1.1                US to continue leading UV disinfection equipment market in

North America from 2021 to 2026                130

TABLE 54              UV DISINFECTION EQUIPMENT MARKET IN US, BY APPLICATION,

2017–2020 (USD MILLION)            130

TABLE 55              UV DISINFECTION EQUIPMENT MARKET IN US, BY APPLICATION,

2021–2026 (USD MILLION)            131

TABLE 56              UV DISINFECTION EQUIPMENT MARKET IN US, BY END USER,

2017–2020 (USD MILLION)            131

TABLE 57              UV DISINFECTION EQUIPMENT MARKET IN US, BY END USER,

2021–2026 (USD MILLION)            131

11.2.2   CANADA 132

11.2.2.1                Presence of leading UV disinfection equipment manufacturers favors market growth in Canada   132

TABLE 58              UV DISINFECTION EQUIPMENT MARKET IN CANADA, BY APPLICATION,

2017–2020 (USD MILLION)            132

TABLE 59              UV DISINFECTION EQUIPMENT MARKET IN CANADA, BY APPLICATION,

2021–2026 (USD MILLION)            132

TABLE 60              UV DISINFECTION EQUIPMENT MARKET IN CANADA, BY END USER,

2017–2020 (USD MILLION)            133

TABLE 61              UV DISINFECTION EQUIPMENT MARKET IN CANADA, BY END USER,

2021–2026 (USD MILLION)            133

11.2.3   MEXICO 133

11.2.3.1                Increased adoption of UV disinfection equipment by municipal corporations to contribute to market growth in Mexico                133

TABLE 62              UV DISINFECTION EQUIPMENT MARKET IN MEXICO, BY APPLICATION,

2017–2020 (USD MILLION)            134

TABLE 63              UV DISINFECTION EQUIPMENT MARKET IN MEXICO, BY APPLICATION,

2021–2026 (USD MILLION)            134

TABLE 64              UV DISINFECTION EQUIPMENT MARKET IN MEXICO, BY END USER,

2017–2020 (USD MILLION)            134

TABLE 65              UV DISINFECTION EQUIPMENT MARKET IN MEXICO, BY END USER,

2021–2026 (USD MILLION)            135

11.3       EUROPE 135

FIGURE 52            SNAPSHOT OF UV DISINFECTION EQUIPMENT MARKET IN EUROPE         136

TABLE 66              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY COMPONENT,

2017–2020 (USD MILLION)            136

TABLE 67              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY COMPONENT,

2021–2026 (USD MILLION)            137

TABLE 68              UV DISINFECTION EQUIPMENT MARKET IN EUROPE FOR UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)                137

TABLE 69              UV DISINFECTION EQUIPMENT MARKET IN EUROPE FOR UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)                137

TABLE 70              UV DISINFECTION EQUIPMENT MARKET IN EUROPE FOR MERCURY

UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)       138

TABLE 71              UV DISINFECTION EQUIPMENT MARKET IN EUROPE FOR MERCURY

UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)       138

TABLE 72              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY APPLICATION,

2017–2020 (USD MILLION)            138

TABLE 73              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY APPLICATION,

2021–2026 (USD MILLION)            139

TABLE 74              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY END USER,

2017–2020 (USD MILLION)            139

TABLE 75              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY END USER,

2021–2026 (USD MILLION)            139

FIGURE 53            UV DISINFECTION EQUIPMENT MARKET IN NETHERLANDS PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026     140

TABLE 76              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY COUNTRY,

2017–2020 (USD MILLION)            140

TABLE 77              UV DISINFECTION EQUIPMENT MARKET IN EUROPE, BY COUNTRY,

2021–2026 (USD MILLION)            140

11.3.1   UK           141

11.3.1.1                Surged deployment of UV disinfection equipment in commercial applications to contribute to growth of UV disinfection equipment market in UK   141

TABLE 78              UV DISINFECTION EQUIPMENT MARKET IN UK, BY APPLICATION,

2017–2020 (USD MILLION)            141

TABLE 79              UV DISINFECTION EQUIPMENT MARKET IN UK, BY APPLICATION,

2021–2026 (USD MILLION)            142

TABLE 80              UV DISINFECTION EQUIPMENT MARKET IN UK, BY END USER,

2017–2020 (USD MILLION)            142

TABLE 81              UV DISINFECTION EQUIPMENT MARKET IN UK, BY END USER,

2021–2026 (USD MILLION)            142

11.3.2   GERMANY             143

11.3.2.1                Requirement of highly reliable and sustainable solutions for

water treatment to fuel growth of UV disinfection equipment market in Germany              143

TABLE 82              UV DISINFECTION EQUIPMENT MARKET IN GERMANY, BY APPLICATION, 2017–2020 (USD MILLION)          143

TABLE 83              UV DISINFECTION EQUIPMENT MARKET IN GERMANY, BY APPLICATION, 2021–2026 (USD MILLION)          144

TABLE 84              UV DISINFECTION EQUIPMENT MARKET IN GERMANY, BY END USER,

2017–2020 (USD MILLION)            144

TABLE 85              UV DISINFECTION EQUIPMENT MARKET IN GERMANY, BY END USER,

2021–2026 (USD MILLION)            144

11.3.3   NETHERLANDS     145

11.3.3.1                Initiatives undertaken by Government of Netherlands to reduce use of chlorine in country to support market growth                145

TABLE 86              UV DISINFECTION EQUIPMENT MARKET IN NETHERLANDS, BY APPLICATION, 2017–2020 (USD MILLION)  145

TABLE 87              UV DISINFECTION EQUIPMENT MARKET IN NETHERLANDS, BY APPLICATION, 2021–2026 (USD MILLION)  145

TABLE 88              UV DISINFECTION EQUIPMENT MARKET IN NETHERLANDS, BY END USER, 2017–2020 (USD MILLION)      146

TABLE 89              UV DISINFECTION EQUIPMENT MARKET IN NETHERLANDS, BY END USER, 2021–2026 (USD MILLION)      146

11.3.4   FRANCE 146

11.3.4.1                Increased application of UV technology to disinfect surfaces, air, and water in France to propel demand for UV disinfection equipment      146

TABLE 90              UV DISINFECTION EQUIPMENT MARKET IN FRANCE, BY APPLICATION,

2017–2020 (USD MILLION)            147

TABLE 91              UV DISINFECTION EQUIPMENT MARKET IN FRANCE, BY APPLICATION,

2021–2026 (USD MILLION)            147

TABLE 92              UV DISINFECTION EQUIPMENT MARKET IN FRANCE, BY END USER,

2017–2020 (USD MILLION)            147

TABLE 93              UV DISINFECTION EQUIPMENT MARKET IN FRANCE, BY END USER,

2021–2026 (USD MILLION)            148

11.3.5   ITALY      148

11.3.5.1                Heightened adoption of UV disinfection equipment in

healthcare facilities to contribute to growth of UV disinfection equipment market in Italy 148

TABLE 94              UV DISINFECTION EQUIPMENT MARKET IN ITALY, BY APPLICATION,

2017–2020 (USD MILLION)            148

TABLE 95              UV DISINFECTION EQUIPMENT MARKET IN ITALY, BY APPLICATION,

2021–2026 (USD MILLION)            149

TABLE 96              UV DISINFECTION EQUIPMENT MARKET IN ITALY, BY END USER,

2017–2020 (USD MILLION)            149

TABLE 97              UV DISINFECTION EQUIPMENT MARKET IN ITALY, BY END USER,

2021–2026 (USD MILLION)            149

11.3.6   REST OF EUROPE 150

TABLE 98              UV DISINFECTION EQUIPMENT MARKET IN REST OF EUROPE,

BY APPLICATION, 2017–2020 (USD MILLION)             150

TABLE 99              UV DISINFECTION EQUIPMENT MARKET IN REST OF EUROPE,

BY APPLICATION, 2021–2026 (USD MILLION)             150

TABLE 100            UV DISINFECTION EQUIPMENT MARKET IN REST OF EUROPE, BY END USER, 2017–2020 (USD MILLION)  151

TABLE 101            UV DISINFECTION EQUIPMENT MARKET IN REST OF EUROPE, BY END USER, 2021–2026 (USD MILLION)  151

11.4       APAC      151

FIGURE 54            SNAPSHOT OF UV DISINFECTION EQUIPMENT MARKET IN APAC              152

TABLE 102            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY COMPONENT,

2017–2020 (USD MILLION)            152

TABLE 103            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY COMPONENT,

2021–2026 (USD MILLION)            153

TABLE 104            UV DISINFECTION EQUIPMENT MARKET IN APAC FOR UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)      153

TABLE 105            UV DISINFECTION EQUIPMENT MARKET IN APAC FOR UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)      153

TABLE 106            UV DISINFECTION EQUIPMENT MARKET IN APAC FOR MERCURY UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)  153

TABLE 107            UV DISINFECTION EQUIPMENT MARKET IN APAC FOR MERCURY UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)  154

TABLE 108            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY APPLICATION,

2017–2020 (USD MILLION)            154

TABLE 109            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY APPLICATION,

2021–2026 (USD MILLION)            154

TABLE 110            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY END USER,

2017–2020 (USD MILLION)            155

TABLE 111            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY END USER,

2021–2026 (USD MILLION)            155

FIGURE 55            UV DISINFECTION EQUIPMENT MARKET IN INDIA PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026     155

TABLE 112            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY COUNTRY,

2017–2020 (USD MILLION)            156

TABLE 113            UV DISINFECTION EQUIPMENT MARKET IN APAC, BY COUNTRY,

2021–2026 (USD MILLION)            156

11.4.1   CHINA    157

11.4.1.1                Favorable regulations and government support drive growth of

UV disinfection equipment market in China 157

TABLE 114            UV DISINFECTION EQUIPMENT MARKET IN CHINA, BY APPLICATION,

2017–2020 (USD MILLION)            157

TABLE 115            UV DISINFECTION EQUIPMENT MARKET IN CHINA, BY APPLICATION,

2021–2026 (USD MILLION)            158

TABLE 116            UV DISINFECTION EQUIPMENT MARKET IN CHINA, BY END USER,

2017–2020 (USD MILLION)            158

TABLE 117            UV DISINFECTION EQUIPMENT MARKET IN CHINA, BY END USER,

2021–2026 (USD MILLION)            158

11.4.2   JAPAN    159

11.4.2.1                Presence of key UV disinfection equipment manufacturers in Japan to fuel market growth in country          159

TABLE 118            UV DISINFECTION EQUIPMENT MARKET IN JAPAN, BY APPLICATION,

2017–2020 (USD MILLION)            159

TABLE 119            UV DISINFECTION EQUIPMENT MARKET IN JAPAN, BY APPLICATION,

2021–2026 (USD MILLION)            159

TABLE 120            UV DISINFECTION EQUIPMENT MARKET IN JAPAN, BY END USER,

2017–2020 (USD MILLION)            160

TABLE 121            UV DISINFECTION EQUIPMENT MARKET IN JAPAN, BY END USER,

2021–2026 (USD MILLION)            160

11.4.3   INDIA      160

11.4.3.1                Projects such as Clean Ganga to drive demand for UV disinfection equipment in India     160

TABLE 122            UV DISINFECTION EQUIPMENT MARKET IN INDIA, BY APPLICATION,

2017–2020 (USD MILLION)            161

TABLE 123            UV DISINFECTION EQUIPMENT MARKET IN INDIA, BY APPLICATION,

2021–2026 (USD MILLION)            161

TABLE 124            UV DISINFECTION EQUIPMENT MARKET IN INDIA, BY END USER,

2017–2020 (USD MILLION)            162

TABLE 125            UV DISINFECTION EQUIPMENT MARKET IN INDIA, BY END USER,

2021–2026 (USD MILLION)            162

11.4.4   AUSTRALIA            162

11.4.4.1                Increased number of projects and plans to disinfect air, surfaces, and water using UV technology in Australia            162

TABLE 126            UV DISINFECTION EQUIPMENT MARKET IN AUSTRALIA, BY APPLICATION, 2017–2020 (USD MILLION)         163

TABLE 127            UV DISINFECTION EQUIPMENT MARKET IN AUSTRALIA, BY APPLICATION, 2021–2026 (USD MILLION)         163

TABLE 128            UV DISINFECTION EQUIPMENT MARKET IN AUSTRALIA, BY END USER,

2017–2020 (USD MILLION)            163

TABLE 129            UV DISINFECTION EQUIPMENT MARKET IN AUSTRALIA, BY END USER,

2021–2026 (USD MILLION)            164

11.4.5   SOUTH KOREA      164

11.4.5.1                Initiatives undertaken in South Korea to clean 4 major rivers to promote use of UV disinfection equipment               164

TABLE 130            UV DISINFECTION EQUIPMENT MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2020 (USD MILLION)   165

TABLE 131            UV DISINFECTION EQUIPMENT MARKET IN SOUTH KOREA, BY APPLICATION, 2021–2026 (USD MILLION)   165

TABLE 132            UV DISINFECTION EQUIPMENT MARKET IN SOUTH KOREA, BY END USER, 2017–2020 (USD MILLION)        165

TABLE 133            UV DISINFECTION EQUIPMENT MARKET IN SOUTH KOREA, BY END USER, 2021–2026 (USD MILLION)        166

11.4.6   REST OF APAC      166

TABLE 134            UV DISINFECTION EQUIPMENT MARKET IN REST OF APAC, BY APPLICATION, 2017–2020 (USD MILLION)   166

TABLE 135            UV DISINFECTION EQUIPMENT MARKET IN REST OF APAC, BY APPLICATION, 2021–2026 (USD MILLION)   167

TABLE 136            UV DISINFECTION EQUIPMENT MARKET IN REST OF APAC, BY END USER, 2017–2020 (USD MILLION)        167

TABLE 137            UV DISINFECTION EQUIPMENT MARKET IN REST OF APAC, BY END USER, 2021–2026 (USD MILLION)        167

11.4.7   IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT, BY REGION    168

FIGURE 56            IMPACT OF COVID-19 ON UV DISINFECTION EQUIPMENT MARKET IN APAC          168

11.5       REST OF THE WORLD (ROW)             169

TABLE 138            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY COMPONENT,

2017–2020 (USD MILLION)            169

TABLE 139            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY COMPONENT,

2021–2026 (USD MILLION)            169

TABLE 140            UV DISINFECTION EQUIPMENT MARKET IN ROW FOR UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)      170

TABLE 141            UV DISINFECTION EQUIPMENT MARKET IN ROW FOR UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)      170

TABLE 142            UV DISINFECTION EQUIPMENT MARKET IN ROW FOR MERCURY UV LAMPS, BY TYPE, 2017–2020 (USD MILLION)  170

TABLE 143            UV DISINFECTION EQUIPMENT MARKET IN ROW FOR MERCURY UV LAMPS, BY TYPE, 2021–2026 (USD MILLION)  170

TABLE 144            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY APPLICATION,

2017–2020 (USD MILLION)            171

TABLE 145            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY APPLICATION,

2021–2026 (USD MILLION)            171

TABLE 146            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY END USER,

2017–2020 (USD MILLION)            171

TABLE 147            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY END USER,

2021–2026 (USD MILLION)            172

FIGURE 57            UV DISINFECTION EQUIPMENT MARKET IN SOUTH AMERICA PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2026     172

TABLE 148            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY REGION,

2017–2020 (USD MILLION)            172

TABLE 149            UV DISINFECTION EQUIPMENT MARKET IN ROW, BY REGION,

2021–2026 (USD MILLION)            173

11.5.1   SOUTH AMERICA  173

11.5.1.1                Significant investments from UV disinfection equipment manufacturers to drive market growth in South America    173

TABLE 150            UV DISINFECTION EQUIPMENT MARKET IN SOUTH AMERICA,

BY APPLICATION, 2017–2020 (USD MILLION)             173

TABLE 151            UV DISINFECTION EQUIPMENT MARKET IN SOUTH AMERICA,

BY APPLICATION, 2021–2026 (USD MILLION)             174

TABLE 152            UV DISINFECTION EQUIPMENT MARKET IN SOUTH AMERICA, BY END USER, 2017–2020 (USD MILLION)   174

TABLE 153            UV DISINFECTION EQUIPMENT MARKET IN SOUTH AMERICA, BY END USER, 2021–2026 (USD MILLION)   174

11.5.2   MIDDLE EAST        175

11.5.2.1                Risen requirement of reusing wastewater to spur demand for

UV disinfection equipment in Middle East     175

TABLE 154            UV DISINFECTION EQUIPMENT MARKET IN MIDDLE EAST, BY APPLICATION, 2017–2020 (USD MILLION)     175

TABLE 155            UV DISINFECTION EQUIPMENT MARKET IN MIDDLE EAST, BY APPLICATION, 2021–2026 (USD MILLION)     175

TABLE 156            UV DISINFECTION EQUIPMENT MARKET IN MIDDLE EAST, BY END USER, 2017–2020 (USD MILLION)         176

TABLE 157            UV DISINFECTION EQUIPMENT MARKET IN MIDDLE EAST, BY END USER, 2021–2026 (USD MILLION)         176

11.5.3   AFRICA   176

11.5.3.1                Scarcity of clean water in Africa to fuel growth of UV disinfection equipment market in region        176

TABLE 158            UV DISINFECTION EQUIPMENT MARKET IN AFRICA, BY APPLICATION,

2017–2020 (USD MILLION)            177

TABLE 159            UV DISINFECTION EQUIPMENT MARKET IN AFRICA, BY APPLICATION,

2021–2026 (USD MILLION)            177

TABLE 160            UV DISINFECTION EQUIPMENT MARKET IN AFRICA, BY END USER,

2017–2020 (USD MILLION)            177

TABLE 161            UV DISINFECTION EQUIPMENT MARKET IN AFRICA, BY END USER,

2021–2026 (USD MILLION)            178

 

12           COMPETITIVE LANDSCAPE 179

12.1       INTRODUCTION    179

12.2       KEY PLAYER STRATEGIES/RIGHT TO WIN       179

TABLE 162            OVERVIEW OF STRATEGIES DEPLOYED BY KEY UV DISINFECTION

EQUIPMENT OEMS              179

12.2.1   PRODUCT PORTFOLIO         180

12.2.2   REGIONAL FOCUS                180

12.2.3   MANUFACTURING FOOTPRINT         180

12.2.4   ORGANIC/INORGANIC GROWTH STRATEGIES                180

12.3       FIVE-YEAR COMPANY REVENUE ANALYSIS    180

FIGURE 58            FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN UV DISINFECTION EQUIPMENT MARKET  180

12.4       MARKET SHARE ANALYSIS: UV DISINFECTION EQUIPMENT MARKET, 2020          181

TABLE 163            UV DISINFECTION EQUIPMENT MARKET: MARKET SHARE ANALYSIS (2020)        181

12.5       MARKET EVALUATION MATRIX          182

12.5.1   STAR       182

12.5.2   PERVASIVE            182

12.5.3   EMERGING LEADERS          182

12.5.4   PARTICIPANTS      183

FIGURE 59            UV DISINFECTION EQUIPMENT MARKET COMPANY EVALUATION

QUADRANT, 2020               183

12.5.5   COMPANY FOOTPRINT       184

TABLE 164            COMPANY INDUSTRY FOOTPRINT    184

TABLE 165            COMPANY APPLICATION FOOTPRINT               185

TABLE 166            COMPANY REGION FOOTPRINT        186

12.6       START-UP/ SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX             187

TABLE 167            LIST OF START-UP COMPANIES IN UV DISINFECTION EQUIPMENT MARKET           187

12.6.1   PROGRESSIVE COMPANIES               188

12.6.2   RESPONSIVE COMPANIES 188

12.6.3   DYNAMIC COMPANIES       188

12.6.4   STARTING BLOCKS              188

FIGURE 60            UV DISINFECTION EQUIPMENT MARKET, START-UP/SME EVALUATION MATRIX, 2020       189

12.7       COMPETITIVE SITUATIONS AND TRENDS        190

FIGURE 61            KEY COMPANIES MAINLY FOCUSED ON ACQUISITIONS FROM

JANUARY 2018 TO DECEMBER 2020            190

12.7.1   PRODUCT LAUNCHES AND EXPANSIONS        191

TABLE 168            PRODUCT LAUNCHES AND EXPANSIONS (JANUARY 2018 TO

DECEMBER 2020)              191

12.7.2   CONTRACTS          192

TABLE 169            CONTRACTS (JANUARY 2018 TO DECEMBER 2020)  192

12.7.3   ACQUISITIONS      192

TABLE 170            ACQUISITIONS (JANUARY 2018 TO DECEMBER 2020)              192

12.7.4   PARTNERSHIPS    193

TABLE 171            PARTNERSHIPS (JANUARY 2018 TO DECEMBER 2020)            193

13           COMPANY PROFILES          194

13.1       KEY PLAYERS       194

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

13.1.1   XYLEM INC.           194

FIGURE 62            XYLEM INC.: COMPANY SNAPSHOT 194

13.1.2   TROJAN TECHNOLOGIES    197

13.1.3   HALMA GROUP     199

FIGURE 63            HALMA GROUP: COMPANY SNAPSHOT           199

13.1.4   KURARAY CO., LTD              203

FIGURE 64            KURARAY CO., LTD.: COMPANY SNAPSHOT    203

13.1.5   ATLANTIC ULTRAVIOLET CORPORATION          206

13.1.6   EVOQUA WATER TECHNOLOGIES LLC              208

FIGURE 65            EVOQUA WATER TECHNOLOGIES LLC: COMPANY SNAPSHOT    208

13.1.7   ATLANTIUM TECHNOLOGIES LTD.     211

13.1.8   AMERICAN ULTRAVIOLET   212

13.1.9   HOENLE AG           214

FIGURE 66            HOENLE AG: COMPANY SNAPSHOT 214

13.1.10 ADVANCED UV, INC.            217

13.1.11 LUMALIER CORPORATION  218

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

13.2       OTHER KEY PLAYERS          220

13.2.1   SEOUL VIOSYS CO., LTD.     220

13.2.2   HITECH ULTRAVIOLET PVT. LTD.        220

13.2.3   UVO3 LTD.             221

13.2.4   SUEZ WATER TECHNOLOGIES & SOLUTIONS 221

13.2.5   UV PURE TECHNOLOGIES   222

13.2.6   LIT COMPANY       222

13.2.7   ALFAA UV               223

13.2.8   ULTRAAQUA          224

13.2.9   AUSTRALIAN ULTRA VIOLET SERVICES PTY. LTD. (AUVS)              224

13.2.10 S.I.T.A. SRL            225

13.3       STARTUP ECOSYSTEM        226

13.3.1   TYPHON TREATMENT SYSTEMS LTD.               226

13.3.2   AQUATIC SOLUTIONS           226

13.3.3   INTEGRATED AQUA SYSTEMS, INC.  227

13.3.4   AQUANETTO GROUP GMBH               227

13.3.5   NECTAR SOLUTIONS           228

14           APPENDIX              229

14.1       DISCUSSION GUIDE             229

14.2       KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 232

14.3       AVAILABLE CUSTOMIZATIONS           234

14.4       RELATED REPORTS              234

14.5       AUTHOR DETAILS 235

 

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

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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

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

Publisher:        MarketsandMarkets

# of Pages:        184

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Publication Date:  March, 2022

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