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1 INTRODUCTION 38
1.1 OBJECTIVES OF THE STUDY 38
1.2 MARKET DEFINITION 38
1.2.1 MARKETS COVERED 39
1.2.2 REGIONAL SCOPE 39
1.2.3 YEARS CONSIDERED FOR THE STUDY 40
1.3 CURRENCY & PRICING 40
TABLE 1 USD EXCHANGE RATES, 2017–2019 40
1.4 LIMITATIONS 41
1.5 INCLUSIONS & EXCLUSIONS 41
1.6 MARKET STAKEHOLDERS 42
2 RESEARCH METHODOLOGY 43
2.1 INTRODUCTION 43
FIGURE 1 REPORT PROCESS FLOW 43
FIGURE 2 ELECTRIC SHIPS MARKET: RESEARCH DESIGN 44
2.1.1 SECONDARY DATA 44
2.1.1.1 Key data from secondary sources 45
2.1.2 PRIMARY DATA 46
2.1.2.1 Key data from primary sources 46
2.1.2.2 Breakdown of primaries 47
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION 47
2.2 FACTOR ANALYSIS 47
2.2.1 INTRODUCTION 47
2.2.2 DEMAND-SIDE INDICATORS 48
2.2.2.1 Growing maritime tourism industry 48
2.2.3 SUPPLY-SIDE ANALYSIS 48
2.2.3.1 Advanced batteries for electric ships 48
2.3 MARKET DEFINITION & SCOPE 49
2.3.1 SEGMENT DEFINITIONS 49
2.3.1.1 Electric ships market, by system 49
2.3.1.2 Electric ships market, by end-use 49
2.3.1.3 Electric ships market, by type 49
2.3.1.4 Electric ships market, by mode of operation 49
2.3.1.5 Electric ships market, by range (KM) 49
2.3.1.6 Electric ships market, by power (kW) 49
2.3.1.7 Electric ships market, by ship type 50
2.3.2 KEY INDUSTRY INSIGHTS 50
TABLE 2 PRIMARIES INTERVIES DETAILS 50
2.4 MARKET SIZE ESTIMATION & METHODOLOGY 51
2.4.1 BOTTOM-UP APPROACH 51
2.4.1.1 Regional electric ship 51
2.4.1.2 Electric ships, by demand-side 51
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 52
2.4.2 TOP-DOWN APPROACH 53
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 53
2.5 PRICING ANALYSIS 53
2.6 MARKET SIZING & FORECASTING 54
TABLE 3 RESEARCH ASSUMPTIONS 54
2.7 LIMITATIONS 54
2.7.1 LIST OF SOURCES 55
TABLE 4 LIST OF PUBLICATION & ORDERBOOK OF SHIPYARD/COMPONENT SUPPLIER /REGULATORY PUBLICATION CONSIDERED FOR THE MARKET STUDY 55
TABLE 5 LIST OF MAGAZINES/PRESS RELEASES/NEWSLETTERS CONSIDERED FOR THE MARKET STUDY 57
3 EXECUTIVE SUMMARY 60
FIGURE 6 BY TYPE, FULLY ELECTRIC SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET FROM 2021 TO 2030 60
FIGURE 7 BY MODE OF OPERATION, MANNED SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET FROM 2021 TO 2030 61
FIGURE 8 BY END-USE, NEWBUILD & LINE FIT SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 61
FIGURE 9 BY SYSTEM, ENERGY STORAGE SYSTEMS SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 62
FIGURE 10 EUROPE IS ESTIMATED TO LEAD ELECTRIC SHIPS MARKET IN 2021 63
4 PREMIUM INSIGHTS 64
4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC SHIPS MARKET, 2021–2030 64
4.2 ELECTRIC SHIPS MARKET, BY SHIP TYPE 64
FIGURE 11 FERRIES SUBSEGMENT WILL LEAD THE MARKET FROM 2025 ONWARD 64
4.3 ELECTRIC SHIPS MARKET, BY END-USE 65
FIGURE 12 NEW BUILD & LINEFIT WILL LEAD THE MARKET 65
4.4 ELECTRIC SHIPS MARKET, BY POWER 65
FIGURE 13 75-150 KW SEGMENT EXPECTED TO LEAD THE MARKET DURING FORECAST PERIOD 65
4.5 ELECTRIC SHIPS MARKET, BY COUNTRY 66
FIGURE 14 THE MARKET IN FINLAND PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 66
5 MARKET OVERVIEW 67
5.1 INTRODUCTION 67
5.1.1 ROADMAP OF MARINE ELECTRIFICATION 67
TABLE 6 MILESTONES OF THE IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025-2035-2050) 67
5.2 MARKET DYNAMICS 69
FIGURE 15 ELECTRIC SHIPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR 69
5.2.1 DRIVERS 69
5.2.1.1 Implementation of sulfur 2020 regulation 69
TABLE 7 SULFUR CONTENT REGULATIONS IN BUNKER FUEL 70
5.2.1.2 Rise in adoption of hybrid and electric propulsion for retrofitting ships 70
5.2.1.3 Increase in seaborne trade across the globe 71
FIGURE 16 GLOBAL SEABORNE TRADE, BY QUANTITY TRADED, 2015–2019 71
5.2.1.4 Growing maritime tourism industry 72
FIGURE 17 INCREASE IN NUMBER OF CRUISE PASSENGERS IN EUROPE, 2015—2020 72
FIGURE 18 GLOBAL CRUISE INDUSTRY SHARE, BY REGION, 2021 73
5.2.1.5 Development of lithium-ion batteries 73
FIGURE 19 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES 73
TABLE 8 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SHIPS 74
5.2.2 RESTRAINTS 74
5.2.2.1 Long downtime in retrofitting ships 74
5.2.2.2 Limited range and capacity of fully electric ships 74
5.2.3 OPPORTUNITIES 75
5.2.3.1 Potential of high-powered batteries 75
FIGURE 20 RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES 76
5.2.3.2 Potential for battery charging via renewable sources of energy 76
5.2.3.3 Hybrid propulsion technology for large ships 77
5.2.4 CHALLENGES 77
5.2.4.1 Inadequate charging infrastructure 77
5.2.4.2 COVID-19 impact 77
5.2.4.3 High initial capital expenditure 77
5.3 COVID-19 IMPACT ON ELECTRIC SHIPS MARKET 78
5.4 RANGE/SCENARIOS 79
FIGURE 21 PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF ELECTRIC SHIPS MARKET WITH REGARDS TO COVID-19 PANDEMIC 79
5.5 PRICING ANALYSIS 80
TABLE 9 CASE1: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 80
TABLE 10 CASE 2: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 80
TABLE 11 CASE 3: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 80
FIGURE 22 PRICING ANALYSIS, BY SHIP TYPE, 2020 81
TABLE 12 AVERAGE SELLING PRICE OF ELECTRIC SHIPPING HARDWARE
(IN USD MILLION) 81
5.6 SUPPLY CHAIN ANALYSIS 82
FIGURE 23 VALUE CHAIN ANALYSIS: ELECTRIC SHIPS MARKET 82
5.7 MARKET ECOSYSTEM MAP 83
FIGURE 24 ECOSYSTEM MAP FOR ELECTRIC SHIPS MARKET 83
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 84
5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR ELECTRIC SHIPS MARKET 84
FIGURE 25 REVENUE SHIFT IN ELECTRIC SHIPS MARKET 84
5.9 PORTER’S FIVE FORCES ANALYSIS 85
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS OF ELECTRIC SHIPS MARKET 85
TABLE 13 PORTER’S FIVE FORCES ANALYSIS 85
5.9.1 THREAT OF NEW ENTRANTS 86
5.9.2 THREAT OF SUBSTITUTES 86
5.9.3 BARGAINING POWERS OF SUPPLIERS 86
5.9.4 BARGAINING POWERS OF BUYERS 86
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 86
5.10 TRADE ANALYSIS: IMPORT/EXPORT DATA 86
5.10.1 INTERNATIONAL MARITIME TRADE DATA, 2010-2019 86
FIGURE 27 DEVELOPMENT OF INTERNATIONAL MARITIME TRADE, (2010–2019) 86
5.10.2 WORLD SEABORNE TRADE, 2015-2019 87
TABLE 14 WORLD SEABORNE TRADE, 2015-2019 87
5.10.3 TARIFF AND REGULATORY LANDSCAPE 87
5.11 CASE STUDIES 88
5.11.1 AURIGA LEADER 88
5.11.2 E SHIP 1 89
5.11.3 YARA BIRKELAND 89
5.11.4 CHANGJIANG SAN XIA 1 89
5.11.5 ELLEN 89
5.11.6 FUTURE OF THE FJORDS 89
6 ELECTRIC SHIPS MARKET, BY SHIP TYPE 90
6.1 INTRODUCTION 91
FIGURE 28 COMMERCIAL SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 91
TABLE 15 ELECTRIC SHIPS MARKET SIZE,BY SHIP TYPE, 2017–2020 (USD MILLION) 91
TABLE 16 ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 91
6.2 COMMERCIAL 92
TABLE 17 COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 92
TABLE 18 COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 92
6.2.1 PASSENGER VESSELS 92
TABLE 19 ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 92
TABLE 20 ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 93
6.2.1.1 Yachts 93
6.2.1.1.1 Fully electric yachts have the ability to use solar power to charge batteries 93
6.2.1.2 Ferries 93
6.2.1.2.1 Adoption of electric ferries is high in North America and Europe due to the changing environmental regulations 93
6.2.1.3 Cruise ships 94
6.2.1.3.1 Adoption of hybrid-electric propulsion technologies for cruise ships will increase in the coming years 94
6.2.1.4 Motorboats 94
6.2.1.4.1 Rising demand for electric motorboats in European region 94
6.2.2 CARGO VESSELS 94
TABLE 21 ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2017–2020 (USD MILLION) 94
TABLE 22 ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2021–2030 (USD MILLION) 95
6.2.2.1 Container vessels 95
6.2.2.1.1 Container ships were the first to adopt a full electric setup due to their smaller size and distance traveled. 95
6.2.2.2 Bulk carriers 95
6.2.2.2.1 The demand for retrofitting existing bulk carriers is expected to increase in the coming years 95
6.2.2.3 Tankers 96
6.2.2.3.1 Japanese company designed a domestic fully electric shipping tanker using lithium-ion batteries. 96
6.2.2.4 General cargo ships 96
6.2.2.4.1 The potential of the retrofit market for general cargo ships is high 96
6.2.3 OTHERS 96
TABLE 23 OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 96
TABLE 24 OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 97
6.2.3.1 Fishing vessels 97
6.2.3.1.1 Rising adoption of electric propulsion in fishing vessel 97
6.2.3.2 Dredgers 97
6.2.3.2.1 Dredgers have been using a diesel-electric propulsion system 97
6.2.3.3 Tugs & workboats 97
6.2.3.3.1 Tugs & workboats account for a major share of the world’s ships fleet 97
6.2.3.4 Research vessels 98
6.2.3.4.1 Market for retrofitting research vessels is larger than that for newbuilds at present 98
6.2.3.5 Submarines 98
6.2.3.5.1 Fully electric submarines are useful for underwater exploration as there is minimal vibration from the motor 98
6.3 DEFENSE 98
TABLE 25 DEFENSE ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 98
TABLE 26 DEFENSE ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 99
6.3.1 DESTROYERS 99
6.3.1.1 Defense forces of countries like the US, the UK, and India are focusing on integrating electric propulsive destroyers to their fleet 99
6.3.2 FRIGATES 99
6.3.2.1 Electric and hybrid propulsion has been used in frigates either directly or along with a diesel engine 99
6.3.3 CORVETTES 100
6.3.3.1 South Korea ordered corvettes with all-electric propulsion 100
6.3.4 OFFSHORE SUPPORT VESSELS (OSV) 100
6.3.4.1 The adoption of hybrid propulsion technology for offshore support vessels is estimated to increase during the forecast period 100
6.3.5 AIRCRAFT CARRIERS 100
6.3.5.1 Indian Navy, there is a possibility of using an aircraft carrier with hybrid propulsion 100
6.3.6 SUBMARINES 100
6.3.6.1 US, France, and India are currently using or developing electric propulsion systems 100
7 ELECTRIC SHIPS MARKET, BY SYSTEM 101
7.1 INTRODUCTION 102
FIGURE 29 POWER CONVERSION SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 27 ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2017–2020 (USD MILLION) 103
TABLE 28 ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2021–2030 (USD MILLION) 103
7.2 ENERGY STORAGE SYSTEMS 103
FIGURE 30 TYPES OF ENERGY STORAGE SYSTEMS 104
FIGURE 31 FLYWHEEL, SMES, AND ULTRA-CAPACITORS ARE HIGHLY EFFICIENT MATERIALS TO BE USED IN THE SHIPPING INDUSTRY 104
TABLE 29 COMPARISON BETWEEN PRINCIPLE ENERGY STORAGE SYSTEMS (ESS) 105
7.2.1 <1,000 KW 105
7.2.1.1 <1,000 kW energy storage systems are majorly required by small ships 105
7.2.2 1,001–5,000 KW 105
7.2.2.1 Medium-sized ships with medium sailing speed require
1,001-5,000 kW 105
7.2.3 >5,000 KW 105
7.2.3.1 Large ships use >5,000 kW power 105
7.3 POWER CONVERSION 106
7.4 POWER GENERATION 106
TABLE 30 ELECTRIC PROPULSION SHIP (8,444G/T, CEMENT CARRYING VESSEL) AND EXISTING SHIP: COMPARISON 106
7.4.1 GENERATORS 107
7.4.1.1 Rise in demand for electric propulsion is driving the demand for generators 107
7.4.2 ENGINES 107
7.4.2.1 Rise in demand for hybrid driven propulsion is driving the demand for engines 107
7.4.3 PROPULSION MOTORS 108
7.4.3.1 Power for propulsion motor is supplied by the ship’s generator and prime mover assembly 108
7.5 POWER DISTRIBUTION 108
8 ELECTRIC SHIPS MARKET, BY END-USE 109
8.1 INTRODUCTION 110
FIGURE 32 NEWBUILD & LINE FIT SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD 110
TABLE 31 ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION) 111
TABLE 32 ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION) 111
8.2 NEWBUILD & LINE FIT 112
8.2.1 HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE IS EXPECTED TO DRIVE THE MARKET 112
8.3 RETROFIT 112
8.3.1 SHIPOWNERS UPDATE OR RETROFIT EQUIPMENT INSTALLED ON EXISTING VESSELS TO INCREASE THEIR EFFICIENCY AND EXTEND THEIR DURABILITY 112
9 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION 113
9.1 INTRODUCTION 114
FIGURE 33 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION,
2021 & 2030 (USD MILLION) 114
TABLE 33 ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 114
TABLE 34 ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2021–2030 (USD MILLION) 114
9.2 MANNED 115
9.2.1 RETROFITTING DIESEL-DRIVEN SHIPS WITH ELECTRIC AND HYBRID PROPULSION WILL DRIVE THIS SEGMENT 115
9.3 REMOTELY-OPERATED 115
9.3.1 INCREASING INVESTMENTS IN REMOTELY-OPERATED SHIPS WILL DRIVE THE MARKET 115
9.4 AUTONOMOUS 115
9.4.1 INCREASING INVESTMENTS IS DRIVING THE MARKET FOR AUTONOMOUS ELECTRIC SHIPS 115
FIGURE 34 VIEWS ON AUTONOMY IN ELECTRIC SHIPS BY INDUSTRY EXPERTS 116
10 ELECTRIC SHIPS MARKET, BY RANGE 117
10.1 INTRODUCTION 118
FIGURE 35 50-100 KM SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 118
TABLE 35 ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION) 118
TABLE 36 ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION) 119
10.2 <50 KM 119
10.2.1 ADOPTION OF FULLY ELECTRIC PASSENGER FERRIES AND TUGS EXPECTED TO DRIVE THIS SEGMENT 119
10.3 50–100 KM 119
10.3.1 DEMAND FOR FULLY ELECTRIC INLAND CONTAINER SHIPS WILL DRIVE THE MARKET 119
10.4 100–1,000 KM 120
10.4.1 INCREASED DEMAND FOR RETROFITTING CARGO VESSELS FUEL THIS SEGMENT 120
10.5 >1,000 KM 120
10.5.1 INCREASING DEMAND FOR LONG-DISTANCE CARGO VESSELS WILL DRIVE THE MARKET 120
11 ELECTRIC SHIPS MARKET, BY POWER 121
11.1 INTRODUCTION 122
FIGURE 36 75-150 KW SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 122
TABLE 37 ELECTRIC SHIPS MARKET SIZE, BY POWER, 2017–2020 (USD MILLION) 122
TABLE 38 ELECTRIC SHIPS MARKET SIZE, BY POWER, 2021–2030 (USD MILLION) 123
11.2 <75 KW 123
11.2.1 DEMAND FOR FULLY ELECTRIC YACHTS IN THE EUROPEAN REGION TO DRIVE THE MARKET 123
11.3 75–150 KW 123
11.3.1 USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT WILL DRIVE THE MARKET 123
11.4 150–745 KW 124
11.4.1 CARGO VESSELS WITH A POWER RANGE FROM 151–745 KW IS EXPECTED TO BE A LARGE RETROFIT MARKET IN THE COMING YEARS 124
11.5 746–7,560 KW 124
11.5.1 INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS DRIVE THE MARKET 124
11.6 >7,560 KW 124
11.6.1 ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS IS CHALLENGING TO BE INCORPORATED IN SHIPS WITH HIGH POWER CAPACITY 124
12 ELECTRIC SHIPS MARKET, BY TONNAGE 125
12.1 INTRODUCTION 126
FIGURE 37 <500 DWT SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 126
TABLE 39 ELECTRIC SHIPS MARKET SIZE, BY TONNAGE, 2017–2020 (USD MILLION) 126
TABLE 40 ELECTRIC SHIPS MARKET SIZE, BY TONNAGE, 2021–2030 (USD MILLION) 127
12.2 <500 DWT 127
12.2.1 RISE IN DEMAND FOR PUBLIC TRANSPORT VESSELS WILL DRIVE THE MARKET 127
12.3 500-5,000 DWT 127
12.3.1 INCREASING MARINE TRADE FOR VARIOUS INDUSTRIES WILL DRIVE THE MARKET 127
12.4 5,001-15,000 DWT 128
12.4.1 INCREASING CROSS COUNTRY TRADE ALONG WITH INCREASING DEMAND FOR CARGO VESSELS WILL DRIVE THE DEMAND 128
12.5 >15,000 DWT 128
12.5.1 RISING DEFENSE MARINE INDUSTRY WILL DRIVE THE MARKET 128
13 REGIONAL ANALYSIS 129
13.1 INTRODUCTION 130
FIGURE 38 EUROPE ESTIMATED TO HOLD LARGEST SHARE OF ELECTRIC SHIPS MARKET IN 2021 130
TABLE 41 DEMAND SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 131
TABLE 42 DEMAND SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2021–2030 (USD MILLION) 131
TABLE 43 SUPPLY SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 131
TABLE 44 SUPPLY SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2021–2030 (USD MILLION) 131
13.2 NORTH AMERICA 132
13.2.1 PESTLE ANALYSIS: NORTH AMERICA 132
FIGURE 39 NORTH AMERICA ELECTRIC SHIPS MARKET SNAPSHOT 133
13.2.2 BY SUPPLY SIDE 134
TABLE 45 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 134
TABLE 46 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 134
TABLE 47 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 134
TABLE 48 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 134
TABLE 49 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 135
TABLE 50 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 135
TABLE 51 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 135
TABLE 52 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 135
TABLE 53 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 136
TABLE 54 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 136
TABLE 55 NORTH AMERICA: ELECTRIC COMMERCIAL SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 136
TABLE 56 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 136
TABLE 57 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 137
TABLE 58 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 137
TABLE 59 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 137
TABLE 60 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 138
TABLE 61 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 138
TABLE 62 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 138
TABLE 63 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 139
TABLE 64 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION) 139
TABLE 65 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 139
TABLE 66 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 139
TABLE 67 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 140
TABLE 68 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 140
TABLE 69 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2017–2020 (USD MILLION) 140
TABLE 70 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2021–2030 (USD MILLION) 140
13.2.3 BY DEMAND SIDE 141
TABLE 71 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 141
TABLE 72 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 141
TABLE 73 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 141
TABLE 74 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 141
TABLE 75 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 142
TABLE 76 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 142
TABLE 77 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 142
TABLE 78 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 142
TABLE 79 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2017–2020 (USD MILLION) 143
TABLE 80 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2021–2030 (USD MILLION) 143
TABLE 81 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 143
TABLE 82 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 143
TABLE 83 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 144
TABLE 84 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 144
TABLE 85 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 144
TABLE 86 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 145
TABLE 87 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 145
TABLE 88 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 145
TABLE 89 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 146
TABLE 90 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION) 146
TABLE 91 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 146
TABLE 92 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 146
TABLE 93 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 147
TABLE 94 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 147
TABLE 95 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2017–2020 (USD MILLION) 147
TABLE 96 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2021–2030 (USD MILLION) 148
13.2.4 US 148
13.2.4.1 Increasing demand for luxury sailing will raise the adoption of electric boats 148
13.2.4.2 By supply side 148
TABLE 97 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 148
TABLE 98 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 149
TABLE 99 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 149
TABLE 100 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 149
TABLE 101 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION) 149
TABLE 102 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION) 149
13.2.4.3 By demand side 150
TABLE 103 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 150
TABLE 104 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 150
TABLE 105 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 150
TABLE 106 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 150
TABLE 107 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION) 150
TABLE 108 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION) 151
13.2.5 CANADA 151
13.2.5.1 Strategic decision of the government to develop its indigenous marine industry expected to fuel the market 151
13.2.5.2 By supply side 151
TABLE 109 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 151
TABLE 110 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 152
TABLE 111 CANADA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 152
TABLE 112 CANADA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 152
TABLE 113 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 152
TABLE 114 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 152
13.2.5.3 By demand side 153
TABLE 115 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 153
TABLE 116 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 153
TABLE 117 CANADA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2017–2020 (USD MILLION) 153
TABLE 118 CANADA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2021–2030 (USD MILLION) 153
TABLE 119 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 153
TABLE 120 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 154
13.3 EUROPE 154
13.3.1 PESTLE ANALYSIS: EUROPE 154
FIGURE 40 EUROPE ELECTRIC SHIPS MARKET SNAPSHOT 155
13.3.2 BY SUPPLY SIDE 156
TABLE 121 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 156
TABLE 122 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 156
TABLE 123 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 156
TABLE 124 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 157
TABLE 125 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 157
TABLE 126 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 157
TABLE 127 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 157
TABLE 128 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 158
TABLE 129 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 158
TABLE 130 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 158
TABLE 131 EUROPE: ELECTRIC COMMERCIAL SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 158
TABLE 132 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, TYPE,
2021–2030 (USD MILLION) 159
TABLE 133 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 159
TABLE 134 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 159
TABLE 135 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 160
TABLE 136 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 160
TABLE 137 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 160
TABLE 138 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 161
TABLE 139 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 161
TABLE 140 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2021–2030 (USD MILLION) 161
TABLE 141 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 161
TABLE 142 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 162
TABLE 143 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 162
TABLE 144 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 162
TABLE 145 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 162
TABLE 146 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 163
13.3.3 BY DEMAND SIDE 163
TABLE 148 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 163
TABLE 149 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 164
TABLE 150 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 164
TABLE 151 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 164
TABLE 152 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 164
TABLE 153 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 165
TABLE 154 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 165
TABLE 155 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 165
TABLE 156 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 165
TABLE 157 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 166
TABLE 158 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 166
TABLE 159 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 166
TABLE 160 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 167
TABLE 161 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 167
TABLE 162 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 167
TABLE 163 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 168
TABLE 164 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 168
TABLE 165 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 168
TABLE 166 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2021–2030 (USD MILLION) 169
TABLE 167 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 169
TABLE 168 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 169
TABLE 169 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 169
TABLE 170 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 170
TABLE 171 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2017–2020 (USD MILLION) 170
TABLE 172 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 170
13.3.4 NORWAY 170
13.3.4.1 Implementation of the IMO rule is a major factor driving the adoption of hybrid or electric driven propulsion in Norway 170
FIGURE 41 CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY 171
13.3.4.2 By demand side 171
TABLE 173 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 171
TABLE 174 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 172
TABLE 175 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 172
TABLE 176 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 172
TABLE 177 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 172
TABLE 178 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 172
13.3.4.3 By supply side 173
TABLE 179 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 173
TABLE 180 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 173
TABLE 181 NORWAY: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2017–2020 (USD MILLION) 173
TABLE 182 NORWAY: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2021–2030 (USD MILLION) 173
TABLE 183 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 173
TABLE 184 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 174
13.3.5 GREECE 174
13.3.5.1 Stringent IMO 2020 rule is driving the demand for electric ships in Greece 174
13.3.5.2 By supply side 174
TABLE 185 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 174
TABLE 186 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 174
TABLE 187 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 174
TABLE 188 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 175
TABLE 189 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 175
TABLE 190 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 175
13.3.5.3 By demand side 175
TABLE 191 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 175
TABLE 192 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 175
TABLE 193 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 176
TABLE 194 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 176
TABLE 195 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 176
TABLE 196 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 176
13.3.6 NETHERLANDS 177
13.3.6.1 Push toward using zero-emission ships are driving the electric ships market in the Netherlands 177
13.3.6.2 By Demand side 177
TABLE 197 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 177
TABLE 198 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 177
TABLE 199 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 177
TABLE 200 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 178
TABLE 201 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 178
TABLE 202 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 178
13.3.6.3 By supply side 178
TABLE 203 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 178
TABLE 204 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 179
TABLE 205 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 179
TABLE 206 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 179
TABLE 207 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 179
TABLE 208 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 179
13.3.7 FINLAND 180
13.3.7.1 Major focus on green marine technologies is anticipated to drive the growth of the market in Finland 180
13.3.7.2 By supply side 180
TABLE 209 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 180
TABLE 210 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 180
TABLE 211 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 180
TABLE 212 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 181
TABLE 213 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 181
TABLE 214 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 181
1 INTRODUCTION 38
1.1 OBJECTIVES OF THE STUDY 38
1.2 MARKET DEFINITION 38
1.2.1 MARKETS COVERED 39
1.2.2 REGIONAL SCOPE 39
1.2.3 YEARS CONSIDERED FOR THE STUDY 40
1.3 CURRENCY & PRICING 40
TABLE 1 USD EXCHANGE RATES, 2017–2019 40
1.4 LIMITATIONS 41
1.5 INCLUSIONS & EXCLUSIONS 41
1.6 MARKET STAKEHOLDERS 42
2 RESEARCH METHODOLOGY 43
2.1 INTRODUCTION 43
FIGURE 1 REPORT PROCESS FLOW 43
FIGURE 2 ELECTRIC SHIPS MARKET: RESEARCH DESIGN 44
2.1.1 SECONDARY DATA 44
2.1.1.1 Key data from secondary sources 45
2.1.2 PRIMARY DATA 46
2.1.2.1 Key data from primary sources 46
2.1.2.2 Breakdown of primaries 47
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION & REGION 47
2.2 FACTOR ANALYSIS 47
2.2.1 INTRODUCTION 47
2.2.2 DEMAND-SIDE INDICATORS 48
2.2.2.1 Growing maritime tourism industry 48
2.2.3 SUPPLY-SIDE ANALYSIS 48
2.2.3.1 Advanced batteries for electric ships 48
2.3 MARKET DEFINITION & SCOPE 49
2.3.1 SEGMENT DEFINITIONS 49
2.3.1.1 Electric ships market, by system 49
2.3.1.2 Electric ships market, by end-use 49
2.3.1.3 Electric ships market, by type 49
2.3.1.4 Electric ships market, by mode of operation 49
2.3.1.5 Electric ships market, by range (KM) 49
2.3.1.6 Electric ships market, by power (kW) 49
2.3.1.7 Electric ships market, by ship type 50
2.3.2 KEY INDUSTRY INSIGHTS 50
TABLE 2 PRIMARIES INTERVIES DETAILS 50
2.4 MARKET SIZE ESTIMATION & METHODOLOGY 51
2.4.1 BOTTOM-UP APPROACH 51
2.4.1.1 Regional electric ship 51
2.4.1.2 Electric ships, by demand-side 51
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 52
2.4.2 TOP-DOWN APPROACH 53
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 53
2.5 PRICING ANALYSIS 53
2.6 MARKET SIZING & FORECASTING 54
TABLE 3 RESEARCH ASSUMPTIONS 54
2.7 LIMITATIONS 54
2.7.1 LIST OF SOURCES 55
TABLE 4 LIST OF PUBLICATION & ORDERBOOK OF SHIPYARD/COMPONENT SUPPLIER /REGULATORY PUBLICATION CONSIDERED FOR THE MARKET STUDY 55
TABLE 5 LIST OF MAGAZINES/PRESS RELEASES/NEWSLETTERS CONSIDERED FOR THE MARKET STUDY 57
3 EXECUTIVE SUMMARY 60
FIGURE 6 BY TYPE, FULLY ELECTRIC SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET FROM 2021 TO 2030 60
FIGURE 7 BY MODE OF OPERATION, MANNED SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET FROM 2021 TO 2030 61
FIGURE 8 BY END-USE, NEWBUILD & LINE FIT SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 61
FIGURE 9 BY SYSTEM, ENERGY STORAGE SYSTEMS SEGMENT PROJECTED TO LEAD ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 62
FIGURE 10 EUROPE IS ESTIMATED TO LEAD ELECTRIC SHIPS MARKET IN 2021 63
4 PREMIUM INSIGHTS 64
4.1 ATTRACTIVE OPPORTUNITIES IN ELECTRIC SHIPS MARKET, 2021–2030 64
4.2 ELECTRIC SHIPS MARKET, BY SHIP TYPE 64
FIGURE 11 FERRIES SUBSEGMENT WILL LEAD THE MARKET FROM 2025 ONWARD 64
4.3 ELECTRIC SHIPS MARKET, BY END-USE 65
FIGURE 12 NEW BUILD & LINEFIT WILL LEAD THE MARKET 65
4.4 ELECTRIC SHIPS MARKET, BY POWER 65
FIGURE 13 75-150 KW SEGMENT EXPECTED TO LEAD THE MARKET DURING FORECAST PERIOD 65
4.5 ELECTRIC SHIPS MARKET, BY COUNTRY 66
FIGURE 14 THE MARKET IN FINLAND PROJECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 66
5 MARKET OVERVIEW 67
5.1 INTRODUCTION 67
5.1.1 ROADMAP OF MARINE ELECTRIFICATION 67
TABLE 6 MILESTONES OF THE IMPLEMENTATION PLAN FOR ELECTRIFICATION IN MARINE TRANSPORT (2025-2035-2050) 67
5.2 MARKET DYNAMICS 69
FIGURE 15 ELECTRIC SHIPS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES FOR 69
5.2.1 DRIVERS 69
5.2.1.1 Implementation of sulfur 2020 regulation 69
TABLE 7 SULFUR CONTENT REGULATIONS IN BUNKER FUEL 70
5.2.1.2 Rise in adoption of hybrid and electric propulsion for retrofitting ships 70
5.2.1.3 Increase in seaborne trade across the globe 71
FIGURE 16 GLOBAL SEABORNE TRADE, BY QUANTITY TRADED, 2015–2019 71
5.2.1.4 Growing maritime tourism industry 72
FIGURE 17 INCREASE IN NUMBER OF CRUISE PASSENGERS IN EUROPE, 2015—2020 72
FIGURE 18 GLOBAL CRUISE INDUSTRY SHARE, BY REGION, 2021 73
5.2.1.5 Development of lithium-ion batteries 73
FIGURE 19 MOST COMMON LITHIUM-ION BATTERIES WITH KEY FEATURES 73
TABLE 8 CURRENT BATTERY CAPACITY AND REQUIREMENTS OF SHIPS 74
5.2.2 RESTRAINTS 74
5.2.2.1 Long downtime in retrofitting ships 74
5.2.2.2 Limited range and capacity of fully electric ships 74
5.2.3 OPPORTUNITIES 75
5.2.3.1 Potential of high-powered batteries 75
FIGURE 20 RELATIVE FEASIBILITY OF DIFFERENT ENERGY STORAGE TECHNOLOGIES 76
5.2.3.2 Potential for battery charging via renewable sources of energy 76
5.2.3.3 Hybrid propulsion technology for large ships 77
5.2.4 CHALLENGES 77
5.2.4.1 Inadequate charging infrastructure 77
5.2.4.2 COVID-19 impact 77
5.2.4.3 High initial capital expenditure 77
5.3 COVID-19 IMPACT ON ELECTRIC SHIPS MARKET 78
5.4 RANGE/SCENARIOS 79
FIGURE 21 PESSIMISTIC, REALISTIC, AND OPTIMISTIC SCENARIOS OF ELECTRIC SHIPS MARKET WITH REGARDS TO COVID-19 PANDEMIC 79
5.5 PRICING ANALYSIS 80
TABLE 9 CASE1: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 80
TABLE 10 CASE 2: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 80
TABLE 11 CASE 3: CAPITAL EXPENDITURE, SAVINGS, AND PAYBACK 80
FIGURE 22 PRICING ANALYSIS, BY SHIP TYPE, 2020 81
TABLE 12 AVERAGE SELLING PRICE OF ELECTRIC SHIPPING HARDWARE
(IN USD MILLION) 81
5.6 SUPPLY CHAIN ANALYSIS 82
FIGURE 23 VALUE CHAIN ANALYSIS: ELECTRIC SHIPS MARKET 82
5.7 MARKET ECOSYSTEM MAP 83
FIGURE 24 ECOSYSTEM MAP FOR ELECTRIC SHIPS MARKET 83
5.8 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 84
5.8.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR ELECTRIC SHIPS MARKET 84
FIGURE 25 REVENUE SHIFT IN ELECTRIC SHIPS MARKET 84
5.9 PORTER’S FIVE FORCES ANALYSIS 85
FIGURE 26 PORTER’S FIVE FORCES ANALYSIS OF ELECTRIC SHIPS MARKET 85
TABLE 13 PORTER’S FIVE FORCES ANALYSIS 85
5.9.1 THREAT OF NEW ENTRANTS 86
5.9.2 THREAT OF SUBSTITUTES 86
5.9.3 BARGAINING POWERS OF SUPPLIERS 86
5.9.4 BARGAINING POWERS OF BUYERS 86
5.9.5 INTENSITY OF COMPETITIVE RIVALRY 86
5.10 TRADE ANALYSIS: IMPORT/EXPORT DATA 86
5.10.1 INTERNATIONAL MARITIME TRADE DATA, 2010-2019 86
FIGURE 27 DEVELOPMENT OF INTERNATIONAL MARITIME TRADE, (2010–2019) 86
5.10.2 WORLD SEABORNE TRADE, 2015-2019 87
TABLE 14 WORLD SEABORNE TRADE, 2015-2019 87
5.10.3 TARIFF AND REGULATORY LANDSCAPE 87
5.11 CASE STUDIES 88
5.11.1 AURIGA LEADER 88
5.11.2 E SHIP 1 89
5.11.3 YARA BIRKELAND 89
5.11.4 CHANGJIANG SAN XIA 1 89
5.11.5 ELLEN 89
5.11.6 FUTURE OF THE FJORDS 89
6 ELECTRIC SHIPS MARKET, BY SHIP TYPE 90
6.1 INTRODUCTION 91
FIGURE 28 COMMERCIAL SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 91
TABLE 15 ELECTRIC SHIPS MARKET SIZE,BY SHIP TYPE, 2017–2020 (USD MILLION) 91
TABLE 16 ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE, 2021–2030 (USD MILLION) 91
6.2 COMMERCIAL 92
TABLE 17 COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 92
TABLE 18 COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 92
6.2.1 PASSENGER VESSELS 92
TABLE 19 ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 92
TABLE 20 ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 93
6.2.1.1 Yachts 93
6.2.1.1.1 Fully electric yachts have the ability to use solar power to charge batteries 93
6.2.1.2 Ferries 93
6.2.1.2.1 Adoption of electric ferries is high in North America and Europe due to the changing environmental regulations 93
6.2.1.3 Cruise ships 94
6.2.1.3.1 Adoption of hybrid-electric propulsion technologies for cruise ships will increase in the coming years 94
6.2.1.4 Motorboats 94
6.2.1.4.1 Rising demand for electric motorboats in European region 94
6.2.2 CARGO VESSELS 94
TABLE 21 ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2017–2020 (USD MILLION) 94
TABLE 22 ELECTRIC CARGO VESSELS MARKET, BY TYPE, 2021–2030 (USD MILLION) 95
6.2.2.1 Container vessels 95
6.2.2.1.1 Container ships were the first to adopt a full electric setup due to their smaller size and distance traveled. 95
6.2.2.2 Bulk carriers 95
6.2.2.2.1 The demand for retrofitting existing bulk carriers is expected to increase in the coming years 95
6.2.2.3 Tankers 96
6.2.2.3.1 Japanese company designed a domestic fully electric shipping tanker using lithium-ion batteries. 96
6.2.2.4 General cargo ships 96
6.2.2.4.1 The potential of the retrofit market for general cargo ships is high 96
6.2.3 OTHERS 96
TABLE 23 OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 96
TABLE 24 OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 97
6.2.3.1 Fishing vessels 97
6.2.3.1.1 Rising adoption of electric propulsion in fishing vessel 97
6.2.3.2 Dredgers 97
6.2.3.2.1 Dredgers have been using a diesel-electric propulsion system 97
6.2.3.3 Tugs & workboats 97
6.2.3.3.1 Tugs & workboats account for a major share of the world’s ships fleet 97
6.2.3.4 Research vessels 98
6.2.3.4.1 Market for retrofitting research vessels is larger than that for newbuilds at present 98
6.2.3.5 Submarines 98
6.2.3.5.1 Fully electric submarines are useful for underwater exploration as there is minimal vibration from the motor 98
6.3 DEFENSE 98
TABLE 25 DEFENSE ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 98
TABLE 26 DEFENSE ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 99
6.3.1 DESTROYERS 99
6.3.1.1 Defense forces of countries like the US, the UK, and India are focusing on integrating electric propulsive destroyers to their fleet 99
6.3.2 FRIGATES 99
6.3.2.1 Electric and hybrid propulsion has been used in frigates either directly or along with a diesel engine 99
6.3.3 CORVETTES 100
6.3.3.1 South Korea ordered corvettes with all-electric propulsion 100
6.3.4 OFFSHORE SUPPORT VESSELS (OSV) 100
6.3.4.1 The adoption of hybrid propulsion technology for offshore support vessels is estimated to increase during the forecast period 100
6.3.5 AIRCRAFT CARRIERS 100
6.3.5.1 Indian Navy, there is a possibility of using an aircraft carrier with hybrid propulsion 100
6.3.6 SUBMARINES 100
6.3.6.1 US, France, and India are currently using or developing electric propulsion systems 100
7 ELECTRIC SHIPS MARKET, BY SYSTEM 101
7.1 INTRODUCTION 102
FIGURE 29 POWER CONVERSION SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 27 ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2017–2020 (USD MILLION) 103
TABLE 28 ELECTRIC SHIPS MARKET SIZE, BY SYSTEM, 2021–2030 (USD MILLION) 103
7.2 ENERGY STORAGE SYSTEMS 103
FIGURE 30 TYPES OF ENERGY STORAGE SYSTEMS 104
FIGURE 31 FLYWHEEL, SMES, AND ULTRA-CAPACITORS ARE HIGHLY EFFICIENT MATERIALS TO BE USED IN THE SHIPPING INDUSTRY 104
TABLE 29 COMPARISON BETWEEN PRINCIPLE ENERGY STORAGE SYSTEMS (ESS) 105
7.2.1 <1,000 KW 105
7.2.1.1 <1,000 kW energy storage systems are majorly required by small ships 105
7.2.2 1,001–5,000 KW 105
7.2.2.1 Medium-sized ships with medium sailing speed require
1,001-5,000 kW 105
7.2.3 >5,000 KW 105
7.2.3.1 Large ships use >5,000 kW power 105
7.3 POWER CONVERSION 106
7.4 POWER GENERATION 106
TABLE 30 ELECTRIC PROPULSION SHIP (8,444G/T, CEMENT CARRYING VESSEL) AND EXISTING SHIP: COMPARISON 106
7.4.1 GENERATORS 107
7.4.1.1 Rise in demand for electric propulsion is driving the demand for generators 107
7.4.2 ENGINES 107
7.4.2.1 Rise in demand for hybrid driven propulsion is driving the demand for engines 107
7.4.3 PROPULSION MOTORS 108
7.4.3.1 Power for propulsion motor is supplied by the ship’s generator and prime mover assembly 108
7.5 POWER DISTRIBUTION 108
8 ELECTRIC SHIPS MARKET, BY END-USE 109
8.1 INTRODUCTION 110
FIGURE 32 NEWBUILD & LINE FIT SEGMENT EXPECTED TO LEAD MARKET DURING FORECAST PERIOD 110
TABLE 31 ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION) 111
TABLE 32 ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION) 111
8.2 NEWBUILD & LINE FIT 112
8.2.1 HIGH DEMAND FOR FULLY ELECTRIC FERRIES IN EUROPE IS EXPECTED TO DRIVE THE MARKET 112
8.3 RETROFIT 112
8.3.1 SHIPOWNERS UPDATE OR RETROFIT EQUIPMENT INSTALLED ON EXISTING VESSELS TO INCREASE THEIR EFFICIENCY AND EXTEND THEIR DURABILITY 112
9 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION 113
9.1 INTRODUCTION 114
FIGURE 33 ELECTRIC SHIPS MARKET, BY MODE OF OPERATION,
2021 & 2030 (USD MILLION) 114
TABLE 33 ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 114
TABLE 34 ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2021–2030 (USD MILLION) 114
9.2 MANNED 115
9.2.1 RETROFITTING DIESEL-DRIVEN SHIPS WITH ELECTRIC AND HYBRID PROPULSION WILL DRIVE THIS SEGMENT 115
9.3 REMOTELY-OPERATED 115
9.3.1 INCREASING INVESTMENTS IN REMOTELY-OPERATED SHIPS WILL DRIVE THE MARKET 115
9.4 AUTONOMOUS 115
9.4.1 INCREASING INVESTMENTS IS DRIVING THE MARKET FOR AUTONOMOUS ELECTRIC SHIPS 115
FIGURE 34 VIEWS ON AUTONOMY IN ELECTRIC SHIPS BY INDUSTRY EXPERTS 116
10 ELECTRIC SHIPS MARKET, BY RANGE 117
10.1 INTRODUCTION 118
FIGURE 35 50-100 KM SEGMENT PROJECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 118
TABLE 35 ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2017–2020 (USD MILLION) 118
TABLE 36 ELECTRIC SHIPS MARKET SIZE, BY RANGE, 2021–2030 (USD MILLION) 119
10.2 <50 KM 119
10.2.1 ADOPTION OF FULLY ELECTRIC PASSENGER FERRIES AND TUGS EXPECTED TO DRIVE THIS SEGMENT 119
10.3 50–100 KM 119
10.3.1 DEMAND FOR FULLY ELECTRIC INLAND CONTAINER SHIPS WILL DRIVE THE MARKET 119
10.4 100–1,000 KM 120
10.4.1 INCREASED DEMAND FOR RETROFITTING CARGO VESSELS FUEL THIS SEGMENT 120
10.5 >1,000 KM 120
10.5.1 INCREASING DEMAND FOR LONG-DISTANCE CARGO VESSELS WILL DRIVE THE MARKET 120
11 ELECTRIC SHIPS MARKET, BY POWER 121
11.1 INTRODUCTION 122
FIGURE 36 75-150 KW SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 122
TABLE 37 ELECTRIC SHIPS MARKET SIZE, BY POWER, 2017–2020 (USD MILLION) 122
TABLE 38 ELECTRIC SHIPS MARKET SIZE, BY POWER, 2021–2030 (USD MILLION) 123
11.2 <75 KW 123
11.2.1 DEMAND FOR FULLY ELECTRIC YACHTS IN THE EUROPEAN REGION TO DRIVE THE MARKET 123
11.3 75–150 KW 123
11.3.1 USE OF FULLY ELECTRIC FERRIES FOR TRANSPORT WILL DRIVE THE MARKET 123
11.4 150–745 KW 124
11.4.1 CARGO VESSELS WITH A POWER RANGE FROM 151–745 KW IS EXPECTED TO BE A LARGE RETROFIT MARKET IN THE COMING YEARS 124
11.5 746–7,560 KW 124
11.5.1 INCREASED INVESTMENT IN HYBRID-ELECTRIC PROPULSION SYSTEMS DRIVE THE MARKET 124
11.6 >7,560 KW 124
11.6.1 ADOPTION OF HYBRID-ELECTRIC PROPULSION SYSTEMS IS CHALLENGING TO BE INCORPORATED IN SHIPS WITH HIGH POWER CAPACITY 124
12 ELECTRIC SHIPS MARKET, BY TONNAGE 125
12.1 INTRODUCTION 126
FIGURE 37 <500 DWT SEGMENT PROJECTED TO DOMINATE ELECTRIC SHIPS MARKET DURING FORECAST PERIOD 126
TABLE 39 ELECTRIC SHIPS MARKET SIZE, BY TONNAGE, 2017–2020 (USD MILLION) 126
TABLE 40 ELECTRIC SHIPS MARKET SIZE, BY TONNAGE, 2021–2030 (USD MILLION) 127
12.2 <500 DWT 127
12.2.1 RISE IN DEMAND FOR PUBLIC TRANSPORT VESSELS WILL DRIVE THE MARKET 127
12.3 500-5,000 DWT 127
12.3.1 INCREASING MARINE TRADE FOR VARIOUS INDUSTRIES WILL DRIVE THE MARKET 127
12.4 5,001-15,000 DWT 128
12.4.1 INCREASING CROSS COUNTRY TRADE ALONG WITH INCREASING DEMAND FOR CARGO VESSELS WILL DRIVE THE DEMAND 128
12.5 >15,000 DWT 128
12.5.1 RISING DEFENSE MARINE INDUSTRY WILL DRIVE THE MARKET 128
13 REGIONAL ANALYSIS 129
13.1 INTRODUCTION 130
FIGURE 38 EUROPE ESTIMATED TO HOLD LARGEST SHARE OF ELECTRIC SHIPS MARKET IN 2021 130
TABLE 41 DEMAND SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 131
TABLE 42 DEMAND SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2021–2030 (USD MILLION) 131
TABLE 43 SUPPLY SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2017–2020 (USD MILLION) 131
TABLE 44 SUPPLY SIDE: ELECTRIC SHIPS MARKET SIZE, BY REGION,
2021–2030 (USD MILLION) 131
13.2 NORTH AMERICA 132
13.2.1 PESTLE ANALYSIS: NORTH AMERICA 132
FIGURE 39 NORTH AMERICA ELECTRIC SHIPS MARKET SNAPSHOT 133
13.2.2 BY SUPPLY SIDE 134
TABLE 45 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 134
TABLE 46 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 134
TABLE 47 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 134
TABLE 48 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 134
TABLE 49 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 135
TABLE 50 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 135
TABLE 51 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 135
TABLE 52 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 135
TABLE 53 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 136
TABLE 54 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 136
TABLE 55 NORTH AMERICA: ELECTRIC COMMERCIAL SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 136
TABLE 56 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 136
TABLE 57 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 137
TABLE 58 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 137
TABLE 59 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 137
TABLE 60 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 138
TABLE 61 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 138
TABLE 62 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 138
TABLE 63 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 139
TABLE 64 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION) 139
TABLE 65 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 139
TABLE 66 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 139
TABLE 67 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 140
TABLE 68 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 140
TABLE 69 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2017–2020 (USD MILLION) 140
TABLE 70 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2021–2030 (USD MILLION) 140
13.2.3 BY DEMAND SIDE 141
TABLE 71 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 141
TABLE 72 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 141
TABLE 73 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 141
TABLE 74 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 141
TABLE 75 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 142
TABLE 76 NORTH AMERICA: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 142
TABLE 77 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 142
TABLE 78 NORTH AMERICA: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 142
TABLE 79 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2017–2020 (USD MILLION) 143
TABLE 80 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2021–2030 (USD MILLION) 143
TABLE 81 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 143
TABLE 82 NORTH AMERICA: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 143
TABLE 83 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 144
TABLE 84 NORTH AMERICA: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 144
TABLE 85 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 144
TABLE 86 NORTH AMERICA: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 145
TABLE 87 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 145
TABLE 88 NORTH AMERICA: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 145
TABLE 89 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 146
TABLE 90 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION, 2021–2030 (USD MILLION) 146
TABLE 91 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 146
TABLE 92 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 146
TABLE 93 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 147
TABLE 94 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 147
TABLE 95 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2017–2020 (USD MILLION) 147
TABLE 96 NORTH AMERICA: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2021–2030 (USD MILLION) 148
13.2.4 US 148
13.2.4.1 Increasing demand for luxury sailing will raise the adoption of electric boats 148
13.2.4.2 By supply side 148
TABLE 97 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 148
TABLE 98 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 149
TABLE 99 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 149
TABLE 100 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 149
TABLE 101 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION) 149
TABLE 102 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION) 149
13.2.4.3 By demand side 150
TABLE 103 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2017–2020 (USD MILLION) 150
TABLE 104 US: ELECTRIC SHIPS MARKET SIZE, BY TYPE, 2021–2030 (USD MILLION) 150
TABLE 105 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 150
TABLE 106 US: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 150
TABLE 107 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2017–2020 (USD MILLION) 150
TABLE 108 US: ELECTRIC SHIPS MARKET SIZE, BY END-USE, 2021–2030 (USD MILLION) 151
13.2.5 CANADA 151
13.2.5.1 Strategic decision of the government to develop its indigenous marine industry expected to fuel the market 151
13.2.5.2 By supply side 151
TABLE 109 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 151
TABLE 110 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 152
TABLE 111 CANADA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 152
TABLE 112 CANADA: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 152
TABLE 113 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 152
TABLE 114 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 152
13.2.5.3 By demand side 153
TABLE 115 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 153
TABLE 116 CANADA: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 153
TABLE 117 CANADA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2017–2020 (USD MILLION) 153
TABLE 118 CANADA: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2021–2030 (USD MILLION) 153
TABLE 119 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 153
TABLE 120 CANADA: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 154
13.3 EUROPE 154
13.3.1 PESTLE ANALYSIS: EUROPE 154
FIGURE 40 EUROPE ELECTRIC SHIPS MARKET SNAPSHOT 155
13.3.2 BY SUPPLY SIDE 156
TABLE 121 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2017–2020 (USD MILLION) 156
TABLE 122 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 156
TABLE 123 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 156
TABLE 124 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 157
TABLE 125 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 157
TABLE 126 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 157
TABLE 127 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 157
TABLE 128 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 158
TABLE 129 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 158
TABLE 130 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 158
TABLE 131 EUROPE: ELECTRIC COMMERCIAL SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 158
TABLE 132 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, TYPE,
2021–2030 (USD MILLION) 159
TABLE 133 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 159
TABLE 134 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 159
TABLE 135 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 160
TABLE 136 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 160
TABLE 137 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 160
TABLE 138 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 161
TABLE 139 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 161
TABLE 140 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2021–2030 (USD MILLION) 161
TABLE 141 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 161
TABLE 142 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 162
TABLE 143 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 162
TABLE 144 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 162
TABLE 145 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 162
TABLE 146 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 163
13.3.3 BY DEMAND SIDE 163
TABLE 148 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY COUNTRY,
2021–2030 (USD MILLION) 163
TABLE 149 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 164
TABLE 150 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 164
TABLE 151 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 164
TABLE 152 EUROPE: FULLY ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 164
TABLE 153 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 165
TABLE 154 EUROPE: HYBRID ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 165
TABLE 155 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 165
TABLE 156 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 165
TABLE 157 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 166
TABLE 158 EUROPE: COMMERCIAL ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 166
TABLE 159 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 166
TABLE 160 EUROPE: ELECTRIC PASSENGER VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 167
TABLE 161 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 167
TABLE 162 EUROPE: ELECTRIC CARGO VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 167
TABLE 163 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 168
TABLE 164 EUROPE: OTHER COMMERCIAL VESSELS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 168
TABLE 165 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 168
TABLE 166 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY MODE OF OPERATION,
2021–2030 (USD MILLION) 169
TABLE 167 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 169
TABLE 168 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 169
TABLE 169 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2017–2020 (USD MILLION) 169
TABLE 170 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 170
TABLE 171 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY POWER,
2017–2020 (USD MILLION) 170
TABLE 172 EUROPE: ELECTRIC SHIPS MARKET SIZE, BY RANGE,
2021–2030 (USD MILLION) 170
13.3.4 NORWAY 170
13.3.4.1 Implementation of the IMO rule is a major factor driving the adoption of hybrid or electric driven propulsion in Norway 170
FIGURE 41 CO2 EMISSIONS FROM DOMESTIC SHIPPING IN NORWAY 171
13.3.4.2 By demand side 171
TABLE 173 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 171
TABLE 174 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 172
TABLE 175 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 172
TABLE 176 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 172
TABLE 177 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 172
TABLE 178 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 172
13.3.4.3 By supply side 173
TABLE 179 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 173
TABLE 180 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 173
TABLE 181 NORWAY: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2017–2020 (USD MILLION) 173
TABLE 182 NORWAY: ELECTRIC SHIPS MARKET SIZE, SHIP TYPE,
2021–2030 (USD MILLION) 173
TABLE 183 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 173
TABLE 184 NORWAY: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 174
13.3.5 GREECE 174
13.3.5.1 Stringent IMO 2020 rule is driving the demand for electric ships in Greece 174
13.3.5.2 By supply side 174
TABLE 185 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 174
TABLE 186 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 174
TABLE 187 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 174
TABLE 188 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 175
TABLE 189 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 175
TABLE 190 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 175
13.3.5.3 By demand side 175
TABLE 191 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 175
TABLE 192 GREECE: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 175
TABLE 193 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 176
TABLE 194 GREECE: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 176
TABLE 195 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 176
TABLE 196 GREECE: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 176
13.3.6 NETHERLANDS 177
13.3.6.1 Push toward using zero-emission ships are driving the electric ships market in the Netherlands 177
13.3.6.2 By Demand side 177
TABLE 197 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 177
TABLE 198 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 177
TABLE 199 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 177
TABLE 200 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 178
TABLE 201 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 178
TABLE 202 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 178
13.3.6.3 By supply side 178
TABLE 203 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 178
TABLE 204 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 179
TABLE 205 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 179
TABLE 206 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 179
TABLE 207 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 179
TABLE 208 NETHERLANDS: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 179
13.3.7 FINLAND 180
13.3.7.1 Major focus on green marine technologies is anticipated to drive the growth of the market in Finland 180
13.3.7.2 By supply side 180
TABLE 209 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2017–2020 (USD MILLION) 180
TABLE 210 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY TYPE,
2021–2030 (USD MILLION) 180
TABLE 211 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2017–2020 (USD MILLION) 180
TABLE 212 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY SHIP TYPE,
2021–2030 (USD MILLION) 181
TABLE 213 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2017–2020 (USD MILLION) 181
TABLE 214 FINLAND: ELECTRIC SHIPS MARKET SIZE, BY END-USE,
2021–2030 (USD MILLION) 181
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1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS & EXCLUSIONS 27
1.3 MARKET SCOPE 27
1.3.1 MARKETS COVERED 27
1.3.1.1 Regions covered 28
1.3.2 YEARS CONSIDERED FOR THE STUDY 28
1.4 CURRENCY USED FOR THE STUDY 29
1.5 STAKEHOLDERS 29
1.6 SUMMARY OF CHANGES 29
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Indicative list of secondary sources 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Breakdown of primaries 34
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 34
2.2 MARKET ESTIMATION METHODOLOGY 34
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 35
2.2.1 REVENUE MAPPING-BASED MARKET ESTIMATION 35
2.2.2 PRODUCT-BASED MARKET ESTIMATION 36
FIGURE 4 PARTICLE SIZE ANALYSIS MARKET: REVENUE MAPPING-BASED ESTIMATION 36
2.2.3 END USER-BASED MARKET SIZE ESTIMATION 36
FIGURE 5 PARTICLE SIZE ANALYSIS MARKET: END USER-BASED ESTIMATION 37
2.2.4 PRIMARY RESEARCH VALIDATION 37
2.3 COVID-19 HEALTH ASSESSMENT 38
2.4 COVID-19 ECONOMIC ASSESSMENT 38
2.5 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 38
FIGURE 6 CRITERIA IMPACTING THE GLOBAL ECONOMY 39
FIGURE 7 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 40
2.6 DATA TRIANGULATION 41
FIGURE 8 DATA TRIANGULATION 41
2.7 RESEARCH ASSUMPTIONS 42
2.8 RESEARCH LIMITATIONS 42
3 EXECUTIVE SUMMARY 43
FIGURE 9 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2021 VS. 2026 (USD MILLION) 43
FIGURE 10 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2021 VS. 2026 (USD MILLION) 44
FIGURE 11 PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 45
FIGURE 12 PARTICLE SIZE ANALYSIS MARKET SHARE FOR HEALTHCARE INDUSTRY,
BY END USER (2021 VS. 2026) 45
FIGURE 13 PARTICLE SIZE ANALYSIS MARKET: GEOGRAPHIC SNAPSHOT 46
4 PREMIUM INSIGHTS 48
4.1 PARTICLE SIZE ANALYSIS MARKET OVERVIEW 48
FIGURE 14 INCREASING RESEARCH ACTIVITIES IN NANOTECHNOLOGY TO DRIVE MARKET GROWTH 48
4.2 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY 49
FIGURE 15 LASER DIFFRACTION SEGMENT TO DOMINATE THE MARKET DURING
2021–2026 49
4.3 PARTICLE SIZE ANALYSIS MARKET, BY END USER (2020) 49
FIGURE 16 NORTH AMERICA WAS A KEY MARKET FOR ALL END USER SEGMENTS IN 2020 49
4.4 GEOGRAPHIC SNAPSHOT OF THE PARTICLE SIZE ANALYSIS MARKET 50
FIGURE 17 CHINA AND INDIA TO BE THE FASTEST-GROWING MARKETS FOR PARTICLE SIZE ANALYSIS PRODUCTS DURING THE FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 18 PARTICLE SIZE ANALYSIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
5.2.1.1 Increasing research activities in the field of nanotechnology 52
5.2.1.2 Increasing investments in pharmaceutical R&D 53
5.2.1.3 Development of technologically advanced nanoparticle instruments 53
5.2.1.4 Stringent regulatory guidelines for product quality across industries 53
5.2.1.5 Increasing funding activities to drive the purchasing power of research institutions 54
5.2.2 RESTRAINTS 54
5.2.2.1 High cost of particle size analyzers 54
5.2.2.2 Limitations in particle characterization range 54
5.2.3 OPPORTUNITIES 55
5.2.3.1 Increasing number of conferences and events 55
5.2.3.2 Emerging markets 55
5.2.4 CHALLENGES 56
5.2.4.1 Lack of well-established distribution networks among SMEs 56
5.2.4.2 Limitations of laser diffraction technology 56
5.3 PORTER’S FIVE FORCES ANALYSIS 57
5.3.1 OVERVIEW 57
TABLE 1 PARTICLE SIZE ANALYSIS MARKET: PORTER’S FIVE FORCES ANALYSIS 57
5.3.2 THREAT OF NEW ENTRANTS 57
5.3.3 THREAT OF SUBSTITUTES 57
5.3.4 BARGAINING POWER OF SUPPLIERS 58
5.3.5 BARGAINING POWER OF BUYERS 58
5.3.6 DEGREE OF COMPETITION 58
5.4 REGULATORY ANALYSIS 58
5.5 ECOSYSTEM MAPPING 62
5.6 VALUE CHAIN ANALYSIS 62
5.6.1 RESEARCH AND DEVELOPMENT (R&D) 62
5.6.2 MANUFACTURING AND ASSEMBLY 62
5.6.3 DISTRIBUTION, MARKETING & SALES, AND POST-SALES SERVICES 62
FIGURE 19 VALUE CHAIN ANALYSIS 63
5.7 SUPPLY CHAIN ANALYSIS 63
5.7.1 PROMINENT COMPANIES 63
5.7.2 SMALL & MEDIUM-SIZED ENTERPRISES (SMES) 63
5.7.3 END USERS 64
FIGURE 20 SUPPLY CHAIN ANALYSIS 64
5.8 IMPACT OF COVID-19 ON THE PARTICLE SIZE ANALYSIS MARKET 64
5.9 PRICING ANALYSIS 65
5.10 PATENT ANALYSIS 65
FIGURE 21 TOP 10 PATENT OWNERS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 65
FIGURE 22 TOP 10 INVENTORS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 66
FIGURE 23 TOP 10 PATENT APPLICANTS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 66
FIGURE 24 PATENT DOCUMENTS BY JURISDICTION FOR PARTICLE SIZE ANALYSIS (JANUARY 2011 AND OCTOBER 2021) 67
FIGURE 25 PATENT DOCUMENTS BY LEGAL STATUS FOR PARTICLE SIZE ANALYSIS (JANUARY 2011 AND OCTOBER 2021) 67
6 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY 68
6.1 INTRODUCTION 69
TABLE 2 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 69
6.2 LASER DIFFRACTION 69
6.2.1 TECHNOLOGICAL ADVANTAGES OF THIS METHOD TO RESULT IN HIGHER ADOPTION AMONGST END USERS 69
TABLE 3 PARTICLE SIZE ANALYSIS MARKET FOR LASER DIFFRACTION, BY REGION, 2019–2026 (USD MILLION) 71
TABLE 4 PARTICLE SIZE ANALYSIS MARKET FOR LASER DIFFRACTION, BY END USER, 2019–2026 (USD MILLION) 71
6.3 DYNAMIC LIGHT SCATTERING 72
6.3.1 NANOTECHNOLOGICAL APPLICATIONS OF DLS TECHNOLOGIES TO DRIVE MARKET GROWTH 72
TABLE 5 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC LIGHT SCATTERING,
BY REGION, 2019–2026 (USD MILLION) 73
TABLE 6 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC LIGHT SCATTERING,
BY END USER, 2019–2026 (USD MILLION) 73
6.4 IMAGING 74
TABLE 7 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 74
TABLE 8 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY REGION,
2019–2026 (USD MILLION) 75
TABLE 9 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY END USER,
2019–2026 (USD MILLION) 75
6.4.1 DYNAMIC IMAGING 76
6.4.1.1 User-friendliness and high-speed analysis to drive market growth 76
TABLE 10 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC IMAGING, BY REGION, 2019–2026 (USD MILLION) 77
6.4.2 STATIC IMAGING 77
6.4.2.1 High-resolution particle size and shape information output to push the market growth 77
TABLE 11 PARTICLE SIZE ANALYSIS MARKET FOR STATIC IMAGING, BY REGION,
2019–2026 (USD MILLION) 78
6.5 NANOPARTICLE TRACKING ANALYSIS (NTA) 78
6.5.1 ADVANCED TECHNOLOGY FOR NANO-PARTICLE SIZE ANALYSIS TO DRIVE MARKET 78
TABLE 12 PARTICLE SIZE ANALYSIS MARKET FOR NANOPARTICLE TRACKING ANALYSIS, BY REGION, 2019–2026 (USD MILLION) 79
TABLE 13 PARTICLE SIZE ANALYSIS MARKET FOR NANOPARTICLE TRACKING ANALYSIS, BY END USER, 2019–2026 (USD MILLION) 80
6.6 COULTER PRINCIPLE 80
6.6.1 HIGH ADOPTION IN THE HEALTHCARE INDUSTRY TO DRIVE CELLULAR SIZE ANALYSIS 80
TABLE 14 PARTICLE SIZE ANALYSIS MARKET FOR THE COULTER PRINCIPLE, BY REGION, 2019–2026 (USD MILLION) 81
TABLE 15 PARTICLE SIZE ANALYSIS MARKET FOR THE COULTER PRINCIPLE,
BY END USER, 2019–2026 (USD MILLION) 81
6.7 SIEVE ANALYSIS 82
6.7.1 DEVELOPMENT OF OTHER ADVANCED AND ACCURATE TECHNIQUES FOR PARTICLE SIZING TO DISRUPT THE SEGMENT GROWTH 82
TABLE 16 PARTICLE SIZE ANALYSIS MARKET FOR SIEVE ANALYSIS, BY REGION,
2019–2026 (USD MILLION) 82
TABLE 17 PARTICLE SIZE ANALYSIS MARKET FOR SIEVE ANALYSIS, BY END USER, 2019–2026 (USD MILLION) 83
6.8 OTHER TECHNOLOGIES 83
TABLE 18 PARTICLE SIZE ANALYSIS MARKET FOR OTHER TECHNOLOGIES, BY REGION, 2019–2026 (USD MILLION) 84
TABLE 19 PARTICLE SIZE ANALYSIS MARKET FOR OTHER TECHNOLOGIES,
BY END USER, 2019–2026 (USD MILLION) 84
7 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE 85
7.1 INTRODUCTION 86
TABLE 20 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2019–2026 (USD MILLION) 86
7.2 WET DISPERSION 86
7.2.1 HIGH ADOPTION AMONGST END USERS, ESPECIALLY FOR TOUGH SAMPLES/MATERIALS, TO SUPPORT MARKET GROWTH 86
TABLE 21 PARTICLE SIZE ANALYSIS MARKET FOR WET DISPERSION, BY REGION,
2019–2026 (USD MILLION) 87
7.3 DRY DISPERSION 87
7.3.1 EASE OF USE COMPARED TO WET DISPERSION METHODS TO DRIVE MARKET GROWTH 87
TABLE 22 PARTICLE SIZE ANALYSIS MARKET FOR DRY DISPERSION, BY REGION,
2019–2026 (USD MILLION) 88
7.4 SPRAY DISPERSION 89
7.4.1 INCREASED USE OF SPRAY-BASED MEDICINES IN THE PHARMACEUTICAL INDUSTRY TO DRIVE MARKET GROWTH 89
TABLE 23 PARTICLE SIZE ANALYSIS MARKET FOR SPRAY DISPERSION, BY REGION, 2019–2026 (USD MILLION) 89
8 PARTICLE SIZE ANALYSIS MARKET, BY END USER 90
8.1 INTRODUCTION 91
TABLE 24 PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 91
8.2 HEALTHCARE INDUSTRY 91
TABLE 25 PARTICLE SIZE ANALYSIS MARKET FOR HEALTHCARE INDUSTRY,
BY END USER, 2019–2026 (USD MILLION) 92
TABLE 26 PARTICLE SIZE ANALYSIS MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 93
8.2.1 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES 93
8.2.1.1 Particle size analysis plays a crucial step in raw material assessment and quality control 93
TABLE 27 PARTICLE SIZE ANALYSIS MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY REGION, 2019–2026 (USD MILLION) 94
8.2.2 PUBLIC & PRIVATE RESEARCH INSTITUTIONS 94
8.2.2.1 Active government investment to support nanotechnology research to drive the market demand 94
TABLE 28 PARTICLE SIZE ANALYSIS MARKET FOR PUBLIC & PRIVATE RESEARCH INSTITUTIONS, BY REGION, 2019–2026 (USD MILLION) 95
8.2.3 ACADEMIC INSTITUTIONS 95
8.2.3.1 Increasing focus on nanotechnology-related research and studies to expand the utilization of particle size analyzers 95
TABLE 29 PARTICLE SIZE ANALYSIS MARKET FOR ACADEMIC INSTITUTIONS,
BY REGION, 2019–2026 (USD MILLION) 96
8.3 COSMETIC INDUSTRY 96
8.3.1 WIDESPREAD APPLICATION IN MANUFACTURING AND QUALITY CONTROL OF THE FINAL PRODUCT TO SUPPORT MARKET GROWTH 96
TABLE 30 PARTICLE SIZE ANALYSIS MARKET FOR COSMETIC INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 97
8.4 CHEMICALS & PETROLEUM INDUSTRY 97
8.4.1 EXPANDING CHEMICALS & PETROLEUM INDUSTRY TO REFLECT
THE INCREASING DEMAND FOR PARTICLE SIZE ANALYZERS 97
TABLE 31 PARTICLE SIZE ANALYSIS MARKET FOR CHEMICALS & PETROLEUM INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 98
8.5 MINING, MINERALS, AND CEMENT INDUSTRY 98
8.5.1 WIDESPREAD APPLICATION OF PARTICLE SIZE ANALYSIS TO SUPPORT MARKET GROWTH 98
TABLE 32 PARTICLE SIZE ANALYSIS MARKET FOR MINING, MINERALS, AND CEMENT INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 99
8.6 FOOD & BEVERAGE INDUSTRY 99
8.6.1 GROWING CONCERN OVER FOOD QUALITY AND SAFETY COMPLIANCE IN EMERGING COUNTRIES TO DRIVE THE MARKET 99
TABLE 33 PARTICLE SIZE ANALYSIS MARKET FOR FOOD & BEVERAGE INDUSTRY,
BY REGION, 2019–2026 (USD MILLION) 100
8.7 OTHER INDUSTRIES 100
TABLE 34 PARTICLE SIZE ANALYSIS MARKET FOR OTHER INDUSTRIES, BY REGION, 2019–2026 (USD MILLION) 101
9 PARTICLE SIZE ANALYSIS MARKET, BY REGION 102
9.1 INTRODUCTION 103
TABLE 35 PARTICLE SIZE ANALYSIS MARKET, BY REGION, 2019–2026 (USD MILLION) 103
9.2 NORTH AMERICA 104
FIGURE 26 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET SNAPSHOT 105
TABLE 36 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 106
TABLE 37 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 106
TABLE 38 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 106
TABLE 39 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 107
TABLE 40 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 107
TABLE 41 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 108
9.2.1 US 108
9.2.1.1 Presence of a large number of pharmaceutical & biotechnological companies to support the market growth 108
TABLE 42 US: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 109
TABLE 43 US: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 109
9.2.2 CANADA 110
9.2.2.1 Increasing number of conferences on nanotechnology to drive the market growth 110
TABLE 44 CANADA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 110
TABLE 45 CANADA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 111
9.3 EUROPE 111
TABLE 46 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 112
TABLE 47 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 112
TABLE 48 EUROPE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 113
TABLE 49 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2019–2026 (USD MILLION) 113
TABLE 50 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 113
TABLE 51 EUROPE: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 114
9.3.1 GERMANY 114
9.3.1.1 Increasing number of conferences and workshops to push the adoption of particle size analyzers 114
TABLE 52 GERMANY: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 115
TABLE 53 GERMANY: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 115
9.3.2 UK 115
9.3.2.1 Academic and research institutions to drive the demand for particle size analyzers 115
TABLE 54 UK: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 116
TABLE 55 UK: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 116
9.3.3 FRANCE 117
9.3.3.1 Public-private investments for biotechnology to support the adoption of particle size analyzers 117
TABLE 56 FRANCE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 117
TABLE 57 FRANCE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 118
9.3.4 ITALY 118
9.3.4.1 Well established manufacturing and research infrastructure to push the utilization of particle size analyzers 118
TABLE 58 ITALY: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 119
TABLE 59 ITALY: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 119
9.3.5 SPAIN 119
9.3.5.1 Favorable environment for pharma and biotech companies and SMEs to support the demand for particle size analysis products 119
TABLE 60 SPAIN: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 120
TABLE 61 SPAIN: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 120
9.3.6 REST OF EUROPE 121
TABLE 62 ROE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 121
TABLE 63 ROE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 122
9.4 ASIA PACIFIC 122
FIGURE 27 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET SNAPSHOT 123
TABLE 64 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 124
TABLE 65 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 124
TABLE 66 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 67 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 125
TABLE 68 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 126
TABLE 69 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 126
9.4.1 CHINA 127
9.4.1.1 Growing end user base to push the demand for particle size analyzers in China 127
TABLE 70 CHINA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 127
TABLE 71 CHINA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 128
9.4.2 JAPAN 128
9.4.2.1 Rising R&D expenditure to drive the Japanese market 128
TABLE 72 JAPAN: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 129
TABLE 73 JAPAN: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 129
9.4.3 INDIA 129
9.4.3.1 Growing pharmaceutical manufacturing base to boost the demand for particle size analyzers 129
TABLE 74 INDIA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 130
TABLE 75 INDIA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 131
9.4.4 AUSTRALIA 131
9.4.4.1 Strong focus on biotechnology-based manufacturing and research to fuel market growth 131
TABLE 76 AUSTRALIA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 132
TABLE 77 AUSTRALIA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 132
9.4.5 SOUTH KOREA 132
9.4.5.1 Strong focus on R&D activities to drive the market growth 132
TABLE 78 SOUTH KOREA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 133
TABLE 79 SOUTH KOREA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 133
9.4.6 REST OF ASIA PACIFIC 134
TABLE 80 ROAPAC: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 134
TABLE 81 ROAPAC: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 134
9.5 LATIN AMERICA 135
TABLE 82 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 135
TABLE 83 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 136
TABLE 84 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 136
TABLE 85 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 136
TABLE 86 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 137
TABLE 87 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 137
9.5.1 BRAZIL 138
9.5.1.1 Lack of stringent government guidelines to hinder the market growth 138
TABLE 88 BRAZIL: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 138
TABLE 89 BRAZIL: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 139
9.5.2 MEXICO 139
9.5.2.1 Well established mining and petroleum industry base to boost the market growth 139
TABLE 90 MEXICO: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 140
TABLE 91 MEXICO: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 140
9.5.3 REST OF LATIN AMERICA 140
TABLE 92 ROLA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 141
TABLE 93 ROLA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 141
9.6 MIDDLE EAST & AFRICA 142
9.6.1 MULTIPLE CONFERENCES AND EXHIBITIONS TO PROMOTE THE UTILIZATION OF PARTICLE SIZE ANALYZERS 142
TABLE 94 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 142
TABLE 95 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING,
BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 96 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 143
TABLE 97 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER, 2019–2026 (USD MILLION) 144
TABLE 98 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 144
10 COMPETITIVE LANDSCAPE 145
10.1 OVERVIEW 145
10.2 KEY PLAYER STRATEGIES 145
FIGURE 28 KEY DEVELOPMENTS IN THE PARTICLE SIZE ANALYSIS MARKET
(2018 TO 2021) 146
10.3 REVENUE SHARE ANALYSIS OF KEY MARKET PLAYERS 147
FIGURE 29 REVENUE SHARE ANALYSIS OF THE TOP THREE PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 147
10.4 MARKET SHARE ANALYSIS 148
FIGURE 30 PARTICLE SIZE ANALYSIS MARKET SHARE, BY KEY PLAYER, 2020 148
10.5 COMPETITIVE LEADERSHIP MAPPING: COMPANY EVALUATION MATRIX FOR 25 MAJOR PLAYERS 149
10.5.1 TERMINOLOGY/NOMENCLATURE 150
10.5.1.1 Stars 150
10.5.1.2 Emerging leaders 150
10.5.1.3 Pervasive players 150
10.5.1.4 Participants 150
FIGURE 31 PARTICLE SIZE ANALYSIS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020 151
10.6 COMPETITIVE LEADERSHIP MAPPING-START-UP/ SME EVALUATION QUADRANT 152
10.6.1 PROGRESSIVE COMPANIES 152
10.6.2 RESPONSIVE COMPANIES 152
10.6.3 DYNAMIC COMPANIES 152
10.6.4 STARTING BLOCKS 152
FIGURE 32 DIGITAL X-RAY MARKET: COMPETITIVE LEADERSHIP MAPPING (SMES/START-UPS) 153
10.7 COMPETITIVE BENCHMARKING 154
TABLE 99 TECHNOLOGY AND REGIONAL FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 154
TABLE 100 TECHNOLOGY FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 155
TABLE 101 REGIONAL FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 156
10.8 COMPETITIVE SCENARIO (2018–2021) 157
10.8.1 NEW PRODUCT LAUNCHES & APPROVALS 157
10.8.2 DEALS 158
10.8.3 OTHER DEVELOPMENTS 159
11 COMPANY PROFILES 160
11.1 KEY PLAYERS 160
(Business overview, Products offered, Recent developments, MNM view)*
11.1.1 AIMSIZER (DANDONG HMKTEST INSTRUMENT CO., LTD.) 160
TABLE 102 DANDONG HMKTEST INSTRUMENT CO., LTD.: BUSINESS OVERVIEW 160
11.1.2 ANTON PAAR GMBH 162
TABLE 103 ANTON PAAR GMBH: BUSINESS OVERVIEW 162
11.1.3 BECKMAN COULTER, INC. (A SUBSIDIARY OF DANAHER) 164
TABLE 104 DANAHER: BUSINESS OVERVIEW 164
FIGURE 33 DANAHER: COMPANY SNAPSHOT (2020) 165
11.1.4 BETTERSIZE INSTRUMENTS LTD. 167
TABLE 105 BETTERSIZE INSTRUMENTS LTD.: BUSINESS OVERVIEW 167
11.1.5 BROOKHAVEN INSTRUMENTS (A PART OF NOVA INSTRUMENTS CORPORATION) 169
TABLE 106 BROOKHAVEN INSTRUMENTS: BUSINESS OVERVIEW 169
11.1.6 FRITSCH GMBH 171
TABLE 107 FRITSCH GMBH: BUSINESS OVERVIEW 171
11.1.7 HORIBA 172
TABLE 108 HORIBA: BUSINESS OVERVIEW 172
FIGURE 34 HORIBA: COMPANY SNAPSHOT (2020) 173
11.1.8 LS INSTRUMENTS 176
TABLE 109 LS INSTRUMENTS: BUSINESS OVERVIEW 176
11.1.9 MALVERN PANALYTICAL LTD. (A SUBSIDIARY OF SPECTRIS) 177
TABLE 110 SPECTRIS: BUSINESS OVERVIEW 177
FIGURE 35 SPECTRIS: COMPANY SNAPSHOT (2020) 178
11.1.10 METTLER TOLEDO 182
TABLE 111 METTLER TOLEDO: BUSINESS OVERVIEW 182
FIGURE 36 METTLER TOLEDO: COMPANY SNAPSHOT (2020) 183
11.1.11 MICROMERITICS INSTRUMENT CORPORATION 184
TABLE 112 MICROMERITICS INSTRUMENT CORPORATION: BUSINESS OVERVIEW 184
11.1.12 MICROTRAC RETSCH GMBH (A PART OF VERDER SCIENTIFIC GMBH & CO. KG) 187
TABLE 113 VERDER SCIENTIFIC GMBH & CO. KG: BUSINESS OVERVIEW 187
11.1.13 SHIMADZU CORPORATION 189
TABLE 114 SHIMADZU CORPORATION: BUSINESS OVERVIEW 189
FIGURE 37 SHIMADZU CORPORATION: COMPANY SNAPSHOT (2020) 190
11.1.14 SYMPATEC GMBH 193
TABLE 115 SYMPATEC GMBH: BUSINESS OVERVIEW 193
11.1.15 TSI 195
TABLE 116 TSI: BUSINESS OVERVIEW 195
*Business overview, Products offered, Recent developments, MNM view might not be captured in case of unlisted companies.
11.2 OTHER COMPANIES 197
11.2.1 PAMAS PARTIKELMESS - UND ANALYSESYTEME GMBH 197
11.2.2 JINAN WINNER PARTICLE SIZE INSTRUMENT STOCK CO., LTD 198
11.2.3 3P INSTRUMENTS 199
11.2.4 IZON SCIENCE LTD. 200
11.2.5 CSC SCIENTIFIC COMPANY, INC. 200
12 APPENDIX 201
12.1 DISCUSSION GUIDE 201
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 206
12.3 AVAILABLE CUSTOMIZATIONS 208
12.4 RELATED REPORTS 208
12.5 AUTHOR DETAILS 209
1 INTRODUCTION 26
1.1 OBJECTIVES OF THE STUDY 26
1.2 MARKET DEFINITION 26
1.2.1 INCLUSIONS & EXCLUSIONS 27
1.3 MARKET SCOPE 27
1.3.1 MARKETS COVERED 27
1.3.1.1 Regions covered 28
1.3.2 YEARS CONSIDERED FOR THE STUDY 28
1.4 CURRENCY USED FOR THE STUDY 29
1.5 STAKEHOLDERS 29
1.6 SUMMARY OF CHANGES 29
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 Indicative list of secondary sources 33
2.1.2 PRIMARY DATA 33
2.1.2.1 Breakdown of primaries 34
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION 34
2.2 MARKET ESTIMATION METHODOLOGY 34
FIGURE 3 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING 35
2.2.1 REVENUE MAPPING-BASED MARKET ESTIMATION 35
2.2.2 PRODUCT-BASED MARKET ESTIMATION 36
FIGURE 4 PARTICLE SIZE ANALYSIS MARKET: REVENUE MAPPING-BASED ESTIMATION 36
2.2.3 END USER-BASED MARKET SIZE ESTIMATION 36
FIGURE 5 PARTICLE SIZE ANALYSIS MARKET: END USER-BASED ESTIMATION 37
2.2.4 PRIMARY RESEARCH VALIDATION 37
2.3 COVID-19 HEALTH ASSESSMENT 38
2.4 COVID-19 ECONOMIC ASSESSMENT 38
2.5 ASSESSMENT OF THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO 38
FIGURE 6 CRITERIA IMPACTING THE GLOBAL ECONOMY 39
FIGURE 7 RECOVERY SCENARIO OF THE GLOBAL ECONOMY 40
2.6 DATA TRIANGULATION 41
FIGURE 8 DATA TRIANGULATION 41
2.7 RESEARCH ASSUMPTIONS 42
2.8 RESEARCH LIMITATIONS 42
3 EXECUTIVE SUMMARY 43
FIGURE 9 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2021 VS. 2026 (USD MILLION) 43
FIGURE 10 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2021 VS. 2026 (USD MILLION) 44
FIGURE 11 PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2021 VS. 2026 (USD MILLION) 45
FIGURE 12 PARTICLE SIZE ANALYSIS MARKET SHARE FOR HEALTHCARE INDUSTRY,
BY END USER (2021 VS. 2026) 45
FIGURE 13 PARTICLE SIZE ANALYSIS MARKET: GEOGRAPHIC SNAPSHOT 46
4 PREMIUM INSIGHTS 48
4.1 PARTICLE SIZE ANALYSIS MARKET OVERVIEW 48
FIGURE 14 INCREASING RESEARCH ACTIVITIES IN NANOTECHNOLOGY TO DRIVE MARKET GROWTH 48
4.2 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY 49
FIGURE 15 LASER DIFFRACTION SEGMENT TO DOMINATE THE MARKET DURING
2021–2026 49
4.3 PARTICLE SIZE ANALYSIS MARKET, BY END USER (2020) 49
FIGURE 16 NORTH AMERICA WAS A KEY MARKET FOR ALL END USER SEGMENTS IN 2020 49
4.4 GEOGRAPHIC SNAPSHOT OF THE PARTICLE SIZE ANALYSIS MARKET 50
FIGURE 17 CHINA AND INDIA TO BE THE FASTEST-GROWING MARKETS FOR PARTICLE SIZE ANALYSIS PRODUCTS DURING THE FORECAST PERIOD 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 18 PARTICLE SIZE ANALYSIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
5.2.1.1 Increasing research activities in the field of nanotechnology 52
5.2.1.2 Increasing investments in pharmaceutical R&D 53
5.2.1.3 Development of technologically advanced nanoparticle instruments 53
5.2.1.4 Stringent regulatory guidelines for product quality across industries 53
5.2.1.5 Increasing funding activities to drive the purchasing power of research institutions 54
5.2.2 RESTRAINTS 54
5.2.2.1 High cost of particle size analyzers 54
5.2.2.2 Limitations in particle characterization range 54
5.2.3 OPPORTUNITIES 55
5.2.3.1 Increasing number of conferences and events 55
5.2.3.2 Emerging markets 55
5.2.4 CHALLENGES 56
5.2.4.1 Lack of well-established distribution networks among SMEs 56
5.2.4.2 Limitations of laser diffraction technology 56
5.3 PORTER’S FIVE FORCES ANALYSIS 57
5.3.1 OVERVIEW 57
TABLE 1 PARTICLE SIZE ANALYSIS MARKET: PORTER’S FIVE FORCES ANALYSIS 57
5.3.2 THREAT OF NEW ENTRANTS 57
5.3.3 THREAT OF SUBSTITUTES 57
5.3.4 BARGAINING POWER OF SUPPLIERS 58
5.3.5 BARGAINING POWER OF BUYERS 58
5.3.6 DEGREE OF COMPETITION 58
5.4 REGULATORY ANALYSIS 58
5.5 ECOSYSTEM MAPPING 62
5.6 VALUE CHAIN ANALYSIS 62
5.6.1 RESEARCH AND DEVELOPMENT (R&D) 62
5.6.2 MANUFACTURING AND ASSEMBLY 62
5.6.3 DISTRIBUTION, MARKETING & SALES, AND POST-SALES SERVICES 62
FIGURE 19 VALUE CHAIN ANALYSIS 63
5.7 SUPPLY CHAIN ANALYSIS 63
5.7.1 PROMINENT COMPANIES 63
5.7.2 SMALL & MEDIUM-SIZED ENTERPRISES (SMES) 63
5.7.3 END USERS 64
FIGURE 20 SUPPLY CHAIN ANALYSIS 64
5.8 IMPACT OF COVID-19 ON THE PARTICLE SIZE ANALYSIS MARKET 64
5.9 PRICING ANALYSIS 65
5.10 PATENT ANALYSIS 65
FIGURE 21 TOP 10 PATENT OWNERS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 65
FIGURE 22 TOP 10 INVENTORS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 66
FIGURE 23 TOP 10 PATENT APPLICANTS FOR PARTICLE SIZE ANALYSIS
(JANUARY 2011 AND OCTOBER 2021) 66
FIGURE 24 PATENT DOCUMENTS BY JURISDICTION FOR PARTICLE SIZE ANALYSIS (JANUARY 2011 AND OCTOBER 2021) 67
FIGURE 25 PATENT DOCUMENTS BY LEGAL STATUS FOR PARTICLE SIZE ANALYSIS (JANUARY 2011 AND OCTOBER 2021) 67
6 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY 68
6.1 INTRODUCTION 69
TABLE 2 PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 69
6.2 LASER DIFFRACTION 69
6.2.1 TECHNOLOGICAL ADVANTAGES OF THIS METHOD TO RESULT IN HIGHER ADOPTION AMONGST END USERS 69
TABLE 3 PARTICLE SIZE ANALYSIS MARKET FOR LASER DIFFRACTION, BY REGION, 2019–2026 (USD MILLION) 71
TABLE 4 PARTICLE SIZE ANALYSIS MARKET FOR LASER DIFFRACTION, BY END USER, 2019–2026 (USD MILLION) 71
6.3 DYNAMIC LIGHT SCATTERING 72
6.3.1 NANOTECHNOLOGICAL APPLICATIONS OF DLS TECHNOLOGIES TO DRIVE MARKET GROWTH 72
TABLE 5 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC LIGHT SCATTERING,
BY REGION, 2019–2026 (USD MILLION) 73
TABLE 6 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC LIGHT SCATTERING,
BY END USER, 2019–2026 (USD MILLION) 73
6.4 IMAGING 74
TABLE 7 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 74
TABLE 8 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY REGION,
2019–2026 (USD MILLION) 75
TABLE 9 PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY END USER,
2019–2026 (USD MILLION) 75
6.4.1 DYNAMIC IMAGING 76
6.4.1.1 User-friendliness and high-speed analysis to drive market growth 76
TABLE 10 PARTICLE SIZE ANALYSIS MARKET FOR DYNAMIC IMAGING, BY REGION, 2019–2026 (USD MILLION) 77
6.4.2 STATIC IMAGING 77
6.4.2.1 High-resolution particle size and shape information output to push the market growth 77
TABLE 11 PARTICLE SIZE ANALYSIS MARKET FOR STATIC IMAGING, BY REGION,
2019–2026 (USD MILLION) 78
6.5 NANOPARTICLE TRACKING ANALYSIS (NTA) 78
6.5.1 ADVANCED TECHNOLOGY FOR NANO-PARTICLE SIZE ANALYSIS TO DRIVE MARKET 78
TABLE 12 PARTICLE SIZE ANALYSIS MARKET FOR NANOPARTICLE TRACKING ANALYSIS, BY REGION, 2019–2026 (USD MILLION) 79
TABLE 13 PARTICLE SIZE ANALYSIS MARKET FOR NANOPARTICLE TRACKING ANALYSIS, BY END USER, 2019–2026 (USD MILLION) 80
6.6 COULTER PRINCIPLE 80
6.6.1 HIGH ADOPTION IN THE HEALTHCARE INDUSTRY TO DRIVE CELLULAR SIZE ANALYSIS 80
TABLE 14 PARTICLE SIZE ANALYSIS MARKET FOR THE COULTER PRINCIPLE, BY REGION, 2019–2026 (USD MILLION) 81
TABLE 15 PARTICLE SIZE ANALYSIS MARKET FOR THE COULTER PRINCIPLE,
BY END USER, 2019–2026 (USD MILLION) 81
6.7 SIEVE ANALYSIS 82
6.7.1 DEVELOPMENT OF OTHER ADVANCED AND ACCURATE TECHNIQUES FOR PARTICLE SIZING TO DISRUPT THE SEGMENT GROWTH 82
TABLE 16 PARTICLE SIZE ANALYSIS MARKET FOR SIEVE ANALYSIS, BY REGION,
2019–2026 (USD MILLION) 82
TABLE 17 PARTICLE SIZE ANALYSIS MARKET FOR SIEVE ANALYSIS, BY END USER, 2019–2026 (USD MILLION) 83
6.8 OTHER TECHNOLOGIES 83
TABLE 18 PARTICLE SIZE ANALYSIS MARKET FOR OTHER TECHNOLOGIES, BY REGION, 2019–2026 (USD MILLION) 84
TABLE 19 PARTICLE SIZE ANALYSIS MARKET FOR OTHER TECHNOLOGIES,
BY END USER, 2019–2026 (USD MILLION) 84
7 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE 85
7.1 INTRODUCTION 86
TABLE 20 PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2019–2026 (USD MILLION) 86
7.2 WET DISPERSION 86
7.2.1 HIGH ADOPTION AMONGST END USERS, ESPECIALLY FOR TOUGH SAMPLES/MATERIALS, TO SUPPORT MARKET GROWTH 86
TABLE 21 PARTICLE SIZE ANALYSIS MARKET FOR WET DISPERSION, BY REGION,
2019–2026 (USD MILLION) 87
7.3 DRY DISPERSION 87
7.3.1 EASE OF USE COMPARED TO WET DISPERSION METHODS TO DRIVE MARKET GROWTH 87
TABLE 22 PARTICLE SIZE ANALYSIS MARKET FOR DRY DISPERSION, BY REGION,
2019–2026 (USD MILLION) 88
7.4 SPRAY DISPERSION 89
7.4.1 INCREASED USE OF SPRAY-BASED MEDICINES IN THE PHARMACEUTICAL INDUSTRY TO DRIVE MARKET GROWTH 89
TABLE 23 PARTICLE SIZE ANALYSIS MARKET FOR SPRAY DISPERSION, BY REGION, 2019–2026 (USD MILLION) 89
8 PARTICLE SIZE ANALYSIS MARKET, BY END USER 90
8.1 INTRODUCTION 91
TABLE 24 PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 91
8.2 HEALTHCARE INDUSTRY 91
TABLE 25 PARTICLE SIZE ANALYSIS MARKET FOR HEALTHCARE INDUSTRY,
BY END USER, 2019–2026 (USD MILLION) 92
TABLE 26 PARTICLE SIZE ANALYSIS MARKET FOR HEALTHCARE INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 93
8.2.1 PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES 93
8.2.1.1 Particle size analysis plays a crucial step in raw material assessment and quality control 93
TABLE 27 PARTICLE SIZE ANALYSIS MARKET FOR PHARMACEUTICAL & BIOTECHNOLOGY COMPANIES, BY REGION, 2019–2026 (USD MILLION) 94
8.2.2 PUBLIC & PRIVATE RESEARCH INSTITUTIONS 94
8.2.2.1 Active government investment to support nanotechnology research to drive the market demand 94
TABLE 28 PARTICLE SIZE ANALYSIS MARKET FOR PUBLIC & PRIVATE RESEARCH INSTITUTIONS, BY REGION, 2019–2026 (USD MILLION) 95
8.2.3 ACADEMIC INSTITUTIONS 95
8.2.3.1 Increasing focus on nanotechnology-related research and studies to expand the utilization of particle size analyzers 95
TABLE 29 PARTICLE SIZE ANALYSIS MARKET FOR ACADEMIC INSTITUTIONS,
BY REGION, 2019–2026 (USD MILLION) 96
8.3 COSMETIC INDUSTRY 96
8.3.1 WIDESPREAD APPLICATION IN MANUFACTURING AND QUALITY CONTROL OF THE FINAL PRODUCT TO SUPPORT MARKET GROWTH 96
TABLE 30 PARTICLE SIZE ANALYSIS MARKET FOR COSMETIC INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 97
8.4 CHEMICALS & PETROLEUM INDUSTRY 97
8.4.1 EXPANDING CHEMICALS & PETROLEUM INDUSTRY TO REFLECT
THE INCREASING DEMAND FOR PARTICLE SIZE ANALYZERS 97
TABLE 31 PARTICLE SIZE ANALYSIS MARKET FOR CHEMICALS & PETROLEUM INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 98
8.5 MINING, MINERALS, AND CEMENT INDUSTRY 98
8.5.1 WIDESPREAD APPLICATION OF PARTICLE SIZE ANALYSIS TO SUPPORT MARKET GROWTH 98
TABLE 32 PARTICLE SIZE ANALYSIS MARKET FOR MINING, MINERALS, AND CEMENT INDUSTRY, BY REGION, 2019–2026 (USD MILLION) 99
8.6 FOOD & BEVERAGE INDUSTRY 99
8.6.1 GROWING CONCERN OVER FOOD QUALITY AND SAFETY COMPLIANCE IN EMERGING COUNTRIES TO DRIVE THE MARKET 99
TABLE 33 PARTICLE SIZE ANALYSIS MARKET FOR FOOD & BEVERAGE INDUSTRY,
BY REGION, 2019–2026 (USD MILLION) 100
8.7 OTHER INDUSTRIES 100
TABLE 34 PARTICLE SIZE ANALYSIS MARKET FOR OTHER INDUSTRIES, BY REGION, 2019–2026 (USD MILLION) 101
9 PARTICLE SIZE ANALYSIS MARKET, BY REGION 102
9.1 INTRODUCTION 103
TABLE 35 PARTICLE SIZE ANALYSIS MARKET, BY REGION, 2019–2026 (USD MILLION) 103
9.2 NORTH AMERICA 104
FIGURE 26 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET SNAPSHOT 105
TABLE 36 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 106
TABLE 37 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY, 2019–2026 (USD MILLION) 106
TABLE 38 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 106
TABLE 39 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 107
TABLE 40 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 107
TABLE 41 NORTH AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 108
9.2.1 US 108
9.2.1.1 Presence of a large number of pharmaceutical & biotechnological companies to support the market growth 108
TABLE 42 US: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 109
TABLE 43 US: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 109
9.2.2 CANADA 110
9.2.2.1 Increasing number of conferences on nanotechnology to drive the market growth 110
TABLE 44 CANADA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 110
TABLE 45 CANADA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 111
9.3 EUROPE 111
TABLE 46 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 112
TABLE 47 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 112
TABLE 48 EUROPE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 113
TABLE 49 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE,
2019–2026 (USD MILLION) 113
TABLE 50 EUROPE: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 113
TABLE 51 EUROPE: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 114
9.3.1 GERMANY 114
9.3.1.1 Increasing number of conferences and workshops to push the adoption of particle size analyzers 114
TABLE 52 GERMANY: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 115
TABLE 53 GERMANY: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 115
9.3.2 UK 115
9.3.2.1 Academic and research institutions to drive the demand for particle size analyzers 115
TABLE 54 UK: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 116
TABLE 55 UK: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 116
9.3.3 FRANCE 117
9.3.3.1 Public-private investments for biotechnology to support the adoption of particle size analyzers 117
TABLE 56 FRANCE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 117
TABLE 57 FRANCE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 118
9.3.4 ITALY 118
9.3.4.1 Well established manufacturing and research infrastructure to push the utilization of particle size analyzers 118
TABLE 58 ITALY: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 119
TABLE 59 ITALY: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 119
9.3.5 SPAIN 119
9.3.5.1 Favorable environment for pharma and biotech companies and SMEs to support the demand for particle size analysis products 119
TABLE 60 SPAIN: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 120
TABLE 61 SPAIN: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 120
9.3.6 REST OF EUROPE 121
TABLE 62 ROE: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 121
TABLE 63 ROE: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 122
9.4 ASIA PACIFIC 122
FIGURE 27 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET SNAPSHOT 123
TABLE 64 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 124
TABLE 65 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 124
TABLE 66 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 125
TABLE 67 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 125
TABLE 68 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 126
TABLE 69 ASIA PACIFIC: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 126
9.4.1 CHINA 127
9.4.1.1 Growing end user base to push the demand for particle size analyzers in China 127
TABLE 70 CHINA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 127
TABLE 71 CHINA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 128
9.4.2 JAPAN 128
9.4.2.1 Rising R&D expenditure to drive the Japanese market 128
TABLE 72 JAPAN: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 129
TABLE 73 JAPAN: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 129
9.4.3 INDIA 129
9.4.3.1 Growing pharmaceutical manufacturing base to boost the demand for particle size analyzers 129
TABLE 74 INDIA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 130
TABLE 75 INDIA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 131
9.4.4 AUSTRALIA 131
9.4.4.1 Strong focus on biotechnology-based manufacturing and research to fuel market growth 131
TABLE 76 AUSTRALIA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 132
TABLE 77 AUSTRALIA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 132
9.4.5 SOUTH KOREA 132
9.4.5.1 Strong focus on R&D activities to drive the market growth 132
TABLE 78 SOUTH KOREA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 133
TABLE 79 SOUTH KOREA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 133
9.4.6 REST OF ASIA PACIFIC 134
TABLE 80 ROAPAC: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 134
TABLE 81 ROAPAC: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 134
9.5 LATIN AMERICA 135
TABLE 82 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY COUNTRY,
2019–2026 (USD MILLION) 135
TABLE 83 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 136
TABLE 84 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE, 2019–2026 (USD MILLION) 136
TABLE 85 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 136
TABLE 86 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER,
2019–2026 (USD MILLION) 137
TABLE 87 LATIN AMERICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 137
9.5.1 BRAZIL 138
9.5.1.1 Lack of stringent government guidelines to hinder the market growth 138
TABLE 88 BRAZIL: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 138
TABLE 89 BRAZIL: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 139
9.5.2 MEXICO 139
9.5.2.1 Well established mining and petroleum industry base to boost the market growth 139
TABLE 90 MEXICO: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 140
TABLE 91 MEXICO: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 140
9.5.3 REST OF LATIN AMERICA 140
TABLE 92 ROLA: PARTICLE SIZE ANALYSIS MARKET, BY TECHNOLOGY,
2019–2026 (USD MILLION) 141
TABLE 93 ROLA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING, BY TYPE,
2019–2026 (USD MILLION) 141
9.6 MIDDLE EAST & AFRICA 142
9.6.1 MULTIPLE CONFERENCES AND EXHIBITIONS TO PROMOTE THE UTILIZATION OF PARTICLE SIZE ANALYZERS 142
TABLE 94 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET,
BY TECHNOLOGY, 2019–2026 (USD MILLION) 142
TABLE 95 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET FOR IMAGING,
BY TYPE, 2019–2026 (USD MILLION) 143
TABLE 96 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET, BY DISPERSION TYPE, 2019–2026 (USD MILLION) 143
TABLE 97 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET, BY END USER, 2019–2026 (USD MILLION) 144
TABLE 98 MIDDLE EAST & AFRICA: PARTICLE SIZE ANALYSIS MARKET FOR THE HEALTHCARE INDUSTRY, BY END USER, 2019–2026 (USD MILLION) 144
10 COMPETITIVE LANDSCAPE 145
10.1 OVERVIEW 145
10.2 KEY PLAYER STRATEGIES 145
FIGURE 28 KEY DEVELOPMENTS IN THE PARTICLE SIZE ANALYSIS MARKET
(2018 TO 2021) 146
10.3 REVENUE SHARE ANALYSIS OF KEY MARKET PLAYERS 147
FIGURE 29 REVENUE SHARE ANALYSIS OF THE TOP THREE PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 147
10.4 MARKET SHARE ANALYSIS 148
FIGURE 30 PARTICLE SIZE ANALYSIS MARKET SHARE, BY KEY PLAYER, 2020 148
10.5 COMPETITIVE LEADERSHIP MAPPING: COMPANY EVALUATION MATRIX FOR 25 MAJOR PLAYERS 149
10.5.1 TERMINOLOGY/NOMENCLATURE 150
10.5.1.1 Stars 150
10.5.1.2 Emerging leaders 150
10.5.1.3 Pervasive players 150
10.5.1.4 Participants 150
FIGURE 31 PARTICLE SIZE ANALYSIS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2020 151
10.6 COMPETITIVE LEADERSHIP MAPPING-START-UP/ SME EVALUATION QUADRANT 152
10.6.1 PROGRESSIVE COMPANIES 152
10.6.2 RESPONSIVE COMPANIES 152
10.6.3 DYNAMIC COMPANIES 152
10.6.4 STARTING BLOCKS 152
FIGURE 32 DIGITAL X-RAY MARKET: COMPETITIVE LEADERSHIP MAPPING (SMES/START-UPS) 153
10.7 COMPETITIVE BENCHMARKING 154
TABLE 99 TECHNOLOGY AND REGIONAL FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 154
TABLE 100 TECHNOLOGY FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 155
TABLE 101 REGIONAL FOOTPRINT ANALYSIS OF THE TOP PLAYERS IN THE PARTICLE SIZE ANALYSIS MARKET 156
10.8 COMPETITIVE SCENARIO (2018–2021) 157
10.8.1 NEW PRODUCT LAUNCHES & APPROVALS 157
10.8.2 DEALS 158
10.8.3 OTHER DEVELOPMENTS 159
11 COMPANY PROFILES 160
11.1 KEY PLAYERS 160
(Business overview, Products offered, Recent developments, MNM view)*
11.1.1 AIMSIZER (DANDONG HMKTEST INSTRUMENT CO., LTD.) 160
TABLE 102 DANDONG HMKTEST INSTRUMENT CO., LTD.: BUSINESS OVERVIEW 160
11.1.2 ANTON PAAR GMBH 162
TABLE 103 ANTON PAAR GMBH: BUSINESS OVERVIEW 162
11.1.3 BECKMAN COULTER, INC. (A SUBSIDIARY OF DANAHER) 164
TABLE 104 DANAHER: BUSINESS OVERVIEW 164
FIGURE 33 DANAHER: COMPANY SNAPSHOT (2020) 165
11.1.4 BETTERSIZE INSTRUMENTS LTD. 167
TABLE 105 BETTERSIZE INSTRUMENTS LTD.: BUSINESS OVERVIEW 167
11.1.5 BROOKHAVEN INSTRUMENTS (A PART OF NOVA INSTRUMENTS CORPORATION) 169
TABLE 106 BROOKHAVEN INSTRUMENTS: BUSINESS OVERVIEW 169
11.1.6 FRITSCH GMBH 171
TABLE 107 FRITSCH GMBH: BUSINESS OVERVIEW 171
11.1.7 HORIBA 172
TABLE 108 HORIBA: BUSINESS OVERVIEW 172
FIGURE 34 HORIBA: COMPANY SNAPSHOT (2020) 173
11.1.8 LS INSTRUMENTS 176
TABLE 109 LS INSTRUMENTS: BUSINESS OVERVIEW 176
11.1.9 MALVERN PANALYTICAL LTD. (A SUBSIDIARY OF SPECTRIS) 177
TABLE 110 SPECTRIS: BUSINESS OVERVIEW 177
FIGURE 35 SPECTRIS: COMPANY SNAPSHOT (2020) 178
11.1.10 METTLER TOLEDO 182
TABLE 111 METTLER TOLEDO: BUSINESS OVERVIEW 182
FIGURE 36 METTLER TOLEDO: COMPANY SNAPSHOT (2020) 183
11.1.11 MICROMERITICS INSTRUMENT CORPORATION 184
TABLE 112 MICROMERITICS INSTRUMENT CORPORATION: BUSINESS OVERVIEW 184
11.1.12 MICROTRAC RETSCH GMBH (A PART OF VERDER SCIENTIFIC GMBH & CO. KG) 187
TABLE 113 VERDER SCIENTIFIC GMBH & CO. KG: BUSINESS OVERVIEW 187
11.1.13 SHIMADZU CORPORATION 189
TABLE 114 SHIMADZU CORPORATION: BUSINESS OVERVIEW 189
FIGURE 37 SHIMADZU CORPORATION: COMPANY SNAPSHOT (2020) 190
11.1.14 SYMPATEC GMBH 193
TABLE 115 SYMPATEC GMBH: BUSINESS OVERVIEW 193
11.1.15 TSI 195
TABLE 116 TSI: BUSINESS OVERVIEW 195
*Business overview, Products offered, Recent developments, MNM view might not be captured in case of unlisted companies.
11.2 OTHER COMPANIES 197
11.2.1 PAMAS PARTIKELMESS - UND ANALYSESYTEME GMBH 197
11.2.2 JINAN WINNER PARTICLE SIZE INSTRUMENT STOCK CO., LTD 198
11.2.3 3P INSTRUMENTS 199
11.2.4 IZON SCIENCE LTD. 200
11.2.5 CSC SCIENTIFIC COMPANY, INC. 200
12 APPENDIX 201
12.1 DISCUSSION GUIDE 201
12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 206
12.3 AVAILABLE CUSTOMIZATIONS 208
12.4 RELATED REPORTS 208
12.5 AUTHOR DETAILS 209
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1 INTRODUCTION 56
1.1 INTRODUCTION TO COVID-19 56
1.2 COVID-19 HEALTH ASSESSMENT 56
FIGURE 1 COVID-19: GLOBAL PROPAGATION 56
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 57
1.3 COVID-19 ECONOMIC ASSESSMENT 58
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 58
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 59
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY 59
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 60
1.4 OBJECTIVES OF THE STUDY 61
1.5 MARKET DEFINITION 61
1.5.1 INCLUSIONS AND EXCLUSIONS 62
1.6 MARKET SCOPE 62
1.6.1 MARKET SEGMENTATION 63
1.6.2 REGIONS COVERED 63
1.6.3 YEARS CONSIDERED FOR THE STUDY 64
1.7 CURRENCY CONSIDERED 64
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2021 64
1.8 STAKEHOLDERS 65
1.9 SUMMARY OF CHANGES 65
2 RESEARCH METHODOLOGY 66
2.1 RESEARCH DATA 66
FIGURE 6 GLOBAL IOT IN MANUFACTURING MARKET: RESEARCH DESIGN 66
2.1.1 SECONDARY DATA 67
2.1.2 PRIMARY DATA 67
TABLE 2 PRIMARY INTERVIEWS 68
2.1.2.1 Breakup of primary profiles 68
2.1.2.2 Key industry insights 69
2.2 MARKET BREAKUP AND DATA TRIANGULATION 70
FIGURE 7 DATA TRIANGULATION 70
2.3 MARKET SIZE ESTIMATION 70
2.3.1 BOTTOM–UP APPROACH 71
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES OF THE IOT IN MANUFACTURING MARKET 71
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (BOTTOM-UP) (SUPPLY-SIDE): COLLECTIVE REVENUE OF SOLUTIONS AND SERVICES OF THE IOT IN MANUFACTURING MARKET 71
2.3.2 TOP-DOWN APPROACH 72
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE): IOT IN MANUFACTURING MARKET 72
2.4 MARKET FORECAST 73
TABLE 3 FACTOR ANALYSIS 73
2.5 ASSUMPTIONS FOR THE STUDY 74
2.6 LIMITATIONS OF THE STUDY 75
3 EXECUTIVE SUMMARY 76
FIGURE 11 IOT IN MANUFACTURING MARKET SIZE, 2019–2026 77
FIGURE 12 LARGEST SEGMENTS IN THE IOT IN MANUFACTURING MARKET, 2021 78
FIGURE 13 IOT IN MANUFACTURING MARKET ANALYSIS 80
FIGURE 14 ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING THE FORECAST PERIOD 81
4 PREMIUM INSIGHTS 82
4.1 ATTRACTIVE OPPORTUNITIES IN THE IOT IN MANUFACTURING MARKET 82
FIGURE 15 RISING DEMAND FOR INDUSTRIAL AUTOMATION IN MANUFACTURING TO DRIVE MARKET GROWTH 82
4.2 NORTH AMERICAN IOT IN MANUFACTURING MARKET, 2021 82
FIGURE 16 SOLUTIONS SEGMENT AND UNITED STATES TO ACCOUNT FOR LARGE MARKET SHARES IN NORTH AMERICA IN 2021 82
4.3 ASIA PACIFIC IOT IN MANUFACTURING MARKET, 2021 83
FIGURE 17 SOLUTIONS SEGMENT AND CHINA TO ACCOUNT FOR LARGE MARKET SHARES IN ASIA PACIFIC IN 2021 83
4.4 IOT IN MANUFACTURING MARKET, BY COUNTRY 83
FIGURE 18 INDIA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 83
5 MARKET OVERVIEW AND INDUSTRY TRENDS 84
5.1 INTRODUCTION 84
5.2 MARKET DYNAMICS 84
FIGURE 19 IOT IN MANUFACTURING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 84
5.2.1 DRIVERS 85
5.2.1.1 Growing demand for industrial automation in the manufacturing industry 85
FIGURE 20 GROWTH OF ROBOT INTENSITY IN INDUSTRIES: UNITED STATES 85
5.2.1.2 Rising need for centralized monitoring and predictive maintenance of assets 85
5.2.1.3 Rise in the number of cost-effective and intelligent connected devices and sensors 86
5.2.1.4 Increasing need for reliable, secure, and high-speed network connectivity 86
FIGURE 21 GLOBAL IOT CONNECTIONS (BILLION) 86
5.2.1.5 Increased adoption of cloud computing platforms 87
5.2.2 RESTRAINTS 87
5.2.2.1 Issues related to data security and privacy in IoT 87
FIGURE 22 PRIVACY ISSUES IN IOT-PAST DATA (BILLION) 88
5.2.2.2 Absence of standardization in IoT protocols 88
5.2.2.3 Integration with the traditional systems and the lack of a technically skilled workforce 89
5.2.3 OPPORTUNITIES 89
5.2.3.1 Rising number of data centers 89
FIGURE 23 GLOBAL RISE IN DATA CENTERS, 2016–2019 90
5.2.3.2 Emerging 5G technology to help IoT adoption globally 90
5.2.3.3 Increase in smart manufacturing initiatives worldwide 90
5.2.3.4 Rising demand for IoT-enabled digital transformation of businesses 90
5.2.3.5 Growing demand for system integrators 91
5.2.4 CHALLENGES 91
5.2.4.1 Lack of skilled workforce for operating IoT-based equipment 91
5.2.4.2 Huge initial investments required for implementing IoT in smart manufacturing 91
5.2.4.3 Interoperability issues of legacy infrastructure and communication networks 92
5.3 INDUSTRY TRENDS 92
5.3.1 VALUE CHAIN ANALYSIS 92
FIGURE 24 IOT IN MANUFACTURING MARKET: VALUE CHAIN 93
5.3.2 ECOSYSTEM 94
TABLE 4 IOT IN MANUFACTURING MARKET: ECOSYSTEM 94
5.3.3 PORTER’S FIVE FORCES MODEL 95
TABLE 5 IMPACT OF EACH FORCE ON THE IOT IN MANUFACTURING MARKET 95
5.3.3.1 Threat of new entrants 95
5.3.3.2 Threat of substitutes 96
5.3.3.3 Bargaining power of suppliers 96
5.3.3.4 Bargaining power of buyers 96
5.3.3.5 Degree of competition 96
5.3.4 TECHNOLOGY ANALYSIS 96
5.3.4.1 Machine learning and artificial intelligence 96
5.3.4.2 Internet of things 97
5.3.4.3 Analytics 97
5.3.4.4 Cloud 97
5.3.4.5 Digital twin 98
5.3.4.6 Edge computing 98
5.3.4.7 MQTT protocol 98
5.3.4.8 Augmented reality 99
5.3.5 PATENT ANALYSIS 99
FIGURE 25 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS 99
TABLE 6 TOP TWENTY PATENT OWNERS 100
FIGURE 26 NUMBER OF PATENTS GRANTED IN A YEAR OVER THE LAST TEN YEARS 100
5.3.6 AVERAGE SELLING PRICE ANALYSIS 101
TABLE 7 AVERAGE SELLING PRICE RANGES OF SUBSCRIPTION BASED IOT IN MANUFACTURING SYSTEMS 101
5.3.7 USE CASE ANALYSIS 102
TABLE 8 USE CASE 1: CISCO 102
TABLE 9 USE CASE 2: IBM 102
TABLE 10 USE CASE 3: MICROSOFT 103
TABLE 11 USE CASE 4: PTC 103
TABLE 12 USE CASE 5: BOSCH.IO 104
5.3.8 KEY CONFERENCES AND EVENTS IN 2022–2023 105
TABLE 13 IOT IN MANUFACTURING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 105
5.4 COVID-19 PANDEMIC- DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS 107
5.4.1 OVERVIEW 107
5.4.2 DRIVERS AND OPPORTUNITIES 107
5.4.3 RESTRAINTS AND CHALLENGES 107
5.4.4 CUMULATIVE GROWTH ANALYSIS 108
TABLE 14 IOT IN MANUFACTURING MARKET: CUMULATIVE GROWTH ANALYSIS 108
6 IOT IN MANUFACTURING MARKET, BY COMPONENT 109
6.1 INTRODUCTION 110
FIGURE 27 SOLUTIONS SEGMENT TO LEAD IOT IN MANUFACTURING DURING THE FORECAST PERIOD 111
TABLE 15 IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 111
TABLE 16 IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT
2021–2026 (USD MILLION) 111
6.2 SOLUTIONS 112
6.2.1 SOLUTIONS: IOT IN MANUFACTURING MARKET DRIVERS 113
6.2.2 SOLUTIONS: COVID-19 IMPACT 113
TABLE 17 SOLUTIONS: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 114
TABLE 18 SOLUTIONS: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 114
6.3 SERVICES 114
6.3.1 SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 115
6.3.2 SERVICES: COVID-19 IMPACT 115
TABLE 19 SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 116
TABLE 20 SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 116
7 IOT IN MANUFACTURING MARKET, BY SOLUTION 117
7.1 INTRODUCTION 118
FIGURE 28 DATA MANAGEMENT SEGMENT TO LEAD IOT IN MANUFACTURING DURING THE FORECAST PERIOD 118
TABLE 21 IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2016–2020 (USD MILLION) 119
TABLE 22 IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2021–2026 (USD MILLION) 119
7.2 NETWORK MANAGEMENT 119
7.2.1 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 120
TABLE 23 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 120
TABLE 24 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 120
7.2.2 NETWORK BANDWIDTH MANAGEMENT 121
7.2.3 NETWORK SECURITY MANAGEMENT 121
7.2.4 NETWORK PERFORMANCE MONITORING AND MANAGEMENT 122
7.2.5 NETWORK CONFIGURATION MANAGEMENT 122
7.3 DATA MANAGEMENT 123
7.3.1 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 123
TABLE 25 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 123
TABLE 26 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 124
7.3.2 DATA INTEGRATION 124
7.3.3 DATA SECURITY 124
7.3.4 DATA MIGRATION 124
7.3.5 DATA ANALYTICS AND VISUALIZATION 124
7.3.6 METADATA MANAGEMENT 125
7.3.7 DATA GOVERNANCE 125
7.3.8 DATA ORCHESTRATION 125
7.4 DEVICE MANAGEMENT 125
7.4.1 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 126
TABLE 27 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 126
TABLE 28 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 127
7.4.2 DEVICE PROVISIONING AND AUTHENTICATION 127
7.4.3 DEVICE CONFIGURATION MANAGEMENT 127
7.4.4 MONITORING AND TROUBLESHOOTING 128
7.5 APPLICATION MANAGEMENT 128
7.5.1 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 129
TABLE 29 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 129
TABLE 30 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 129
7.6 SMART SURVEILLANCE 130
7.6.1 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET DRIVERS 130
TABLE 31 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 131
TABLE 32 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 131
7.6.2 CENTRAL MONITORING SYSTEM 131
7.6.3 VIDEO ANALYTICS AND EVENTS 131
8 IOT IN MANUFACTURING MARKET, BY SERVICE 132
8.1 INTRODUCTION 133
FIGURE 29 MANAGED SERVICES SEGMENT TO GROW AT A HIGHER RATE DURING FORECAST PERIOD 133
TABLE 33 IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 133
TABLE 34 IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 134
8.2 MANAGED SERVICES 134
8.2.1 MANAGED SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 135
TABLE 35 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 135
TABLE 36 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 136
FIGURE 30 SECURITY MANAGEMENT SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 136
TABLE 37 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 136
TABLE 38 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 137
8.2.2 INFRASTRUCTURE MANAGEMENT SERVICES 137
8.2.2.1 Infrastructure management services: IoT in manufacturing market drivers 137
TABLE 39 INFRASTRUCTURE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 138
TABLE 40 INFRASTRUCTURE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 138
8.2.3 SECURITY MANAGEMENT SERVICES 138
8.2.3.1 Security management services: IoT in manufacturing market drivers 139
TABLE 41 SECURITY MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 139
TABLE 42 SECURITY MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 139
8.2.4 NETWORK MANAGEMENT SERVICES 139
8.2.4.1 Network management services: IoT in manufacturing market drivers 140
TABLE 43 NETWORK MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 140
TABLE 44 NETWORK MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 140
8.2.5 DATA MANAGEMENT SERVICES 141
8.2.5.1 Data management services: IoT in manufacturing market drivers 141
TABLE 45 DATA MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 141
TABLE 46 DATA MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 142
8.2.6 DEVICE MANAGEMENT SERVICES 142
8.2.6.1 Device management services: IoT in manufacturing market drivers 142
TABLE 47 DEVICE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 142
TABLE 48 DEVICE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 143
8.3 PROFESSIONAL SERVICES 143
8.3.1 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 143
TABLE 49 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 144
TABLE 50 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 144
FIGURE 31 SYSTEM DESIGNING AND INTEGRATION SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 144
TABLE 51 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 145
TABLE 52 PR-OFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 145
8.3.2 IOT CONSULTING SERVICES 145
8.3.2.1 IoT consulting services: IoT in manufacturing market drivers 145
TABLE 53 IOT CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 146
TABLE 54 IOT CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 146
FIGURE 32 TECHNOLOGY CONSULTING SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 146
TABLE 55 IOT CONSULTING SERVICES MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 147
TABLE 56 IOT CONSULTING SERVICES MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 147
8.3.2.2 Technology consulting services 147
TABLE 57 TECHNOLOGY CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 147
TABLE 58 TECHNOLOGY CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 148
8.3.2.3 Business consulting services 148
TABLE 59 BUSINESS CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 148
TABLE 60 BUSINESS CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 149
8.3.2.4 Operational consulting services 149
TABLE 61 OPERATIONAL CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 149
TABLE 62 OPERATIONAL CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 149
8.3.3 IOT INFRASTRUCTURE SERVICES 150
8.3.3.1 IoT infrastructure services: IoT in manufacturing market drivers 150
TABLE 63 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 150
TABLE 64 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 150
FIGURE 33 CLOUD SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 151
TABLE 65 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 151
TABLE 66 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 151
8.3.3.2 Network services 151
TABLE 67 NETWORK SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 152
TABLE 68 NETWORK SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 152
8.3.3.3 Deployment services 152
TABLE 69 DEPLOYMENT SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 152
TABLE 70 DEPLOYMENT SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 153
8.3.3.4 Cloud services 153
TABLE 71 CLOUD SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 153
TABLE 72 CLOUD SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 153
8.3.4 SYSTEM DESIGNING AND INTEGRATION SERVICES 154
8.3.4.1 System designing and integration services: IoT in manufacturing market drivers 154
TABLE 73 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 154
TABLE 74 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 154
FIGURE 34 PLATFORM DEVELOPMENT AND INTEGRATION SEGMENT TO GROW A HIGHER CAGR DURING THE FORECAST PERIOD 155
TABLE 75 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 155
TABLE 76 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 155
8.3.4.2 Platform development and integration services 155
TABLE 77 PLATFORM DEPLOYMENT AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 156
TABLE 78 PLATFORM DEPLOYMENT AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 156
8.3.4.3 Mobile and web application development services 156
TABLE 79 MOBILE AND WEB APPLICATION DEVELOPMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 157
TABLE 80 MOBILE AND WEB APPLICATION DEVELOPMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 157
8.3.5 SUPPORT AND MAINTENANCE SERVICES 157
8.3.5.1 Support and maintenance services: IoT in manufacturing market drivers 158
TABLE 81 SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 158
TABLE 82 SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 158
8.3.6 EDUCATION AND TRAINING SERVICES 158
8.3.6.1 Education and training services: IoT in manufacturing market drivers 159
TABLE 83 EDUCATION AND TRAINING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 159
TABLE 84 EDUCATION AND TRAINING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 159
9 IOT IN MANUFACTURING MARKET, BY DEPLOYMENT MODE 160
9.1 INTRODUCTION 161
FIGURE 35 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 161
TABLE 85 IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE,
2016–2020 (USD MILLION) 161
TABLE 86 IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE,
2021–2026 (USD MILLION) 162
9.2 ON-PREMISES 162
9.2.1 ON-PREMISES: IOT IN MANUFACTURING MARKET DRIVERS 162
9.2.2 ON-PREMISES: COVID-19 IMPACT 162
TABLE 87 ON-PREMISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 163
TABLE 88 ON-PREMISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 163
9.3 CLOUD 163
9.3.1 CLOUD: IOT IN MANUFACTURING MARKET DRIVERS 164
9.3.2 CLOUD: COVID-19 IMPACT 164
TABLE 89 CLOUD: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 164
TABLE 90 CLOUD: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 164
10 IOT IN MANUFACTURING MARKET, BY ORGANIZATION SIZE 165
10.1 INTRODUCTION 166
FIGURE 36 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 166
TABLE 91 IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE,
2016–2020 (USD MILLION) 166
TABLE 92 IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE,
2021–2026 (USD MILLION) 167
10.2 LARGE ENTERPRISES 167
10.2.1 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET DRIVERS 167
10.2.2 LARGE ENTERPRISES: COVID-19 IMPACT 168
TABLE 93 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 168
TABLE 94 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 168
10.3 SMALL AND MEDIUM-SIZED ENTERPRISES 169
10.3.1 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET DRIVERS 169
10.3.2 SMALL AND MEDIUM-SIZED ENTERPRISES: COVID-19 IMPACT 169
TABLE 95 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 169
TABLE 96 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 170
11 IOT IN MANUFACTURING MARKET, BY APPLICATION 171
11.1 INTRODUCTION 172
FIGURE 37 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 172
TABLE 97 IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 172
TABLE 98 IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 173
11.1.1 APPLICATIONS: COVID-19 IMPACT 173
11.2 PREDICTIVE MAINTENANCE 174
11.2.1 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET DRIVERS 174
TABLE 99 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 174
TABLE 100 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 175
11.3 BUSINESS PROCESS OPTIMIZATION 175
11.3.1 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET DRIVERS 175
TABLE 101 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 176
TABLE 102 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 176
11.4 ASSET TRACKING AND MANAGEMENT 176
11.4.1 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 177
TABLE 103 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 177
TABLE 104 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 177
11.5 LOGISTICS AND SUPPLY CHAIN MANAGEMENT 178
11.5.1 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 178
TABLE 105 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 178
TABLE 106 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 179
11.6 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT 179
11.6.1 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 179
TABLE 107 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 180
TABLE 108 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 180
11.7 AUTOMATION CONTROL AND MANAGEMENT 180
11.7.1 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 181
TABLE 109 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 181
TABLE 110 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 181
11.8 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION 182
11.8.1 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET DRIVERS 182
TABLE 111 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 182
TABLE 112 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 183
12 IOT IN MANUFACTURING MARKET, BY VERTICAL 184
12.1 INTRODUCTION 185
FIGURE 38 DISCRETE MANUFACTURING SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 185
TABLE 113 IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 185
TABLE 114 IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 185
12.1.1 VERTICALS: COVID-19 IMPACT 186
12.2 PROCESS MANUFACTURING 186
12.2.1 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET DRIVERS 186
12.2.2 PROCESS MANUFACTURING: COVID-19 IMPACT 187
TABLE 115 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 187
TABLE 116 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 188
12.2.3 ENERGY AND UTILITIES 188
12.2.4 CHEMICALS AND MATERIALS 188
12.2.5 FOOD AND BEVERAGE 189
12.2.6 WATER AND WASTE MANAGEMENT 189
12.2.7 OTHER VERTICALS 189
12.3 DISCRETE MANUFACTURING 190
12.3.1 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET DRIVERS 190
12.3.2 DISCRETE MANUFACTURING: COVID-19 IMPACT 190
TABLE 117 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 190
TABLE 118 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 191
12.3.3 AUTOMOTIVE 191
12.3.4 MACHINE MANUFACTURING 191
12.3.5 SEMICONDUCTOR AND ELECTRONICS 191
12.3.6 MEDICAL DEVICES 192
12.3.7 LOGISTICS AND TRANSPORTATION 192
13 IOT IN MANUFACTURING MARKET, BY REGION 193
13.1 INTRODUCTION 194
FIGURE 39 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 194
TABLE 119 IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 194
TABLE 120 IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 195
13.2 NORTH AMERICA 195
13.2.1 NORTH AMERICA: IOT IN MANUFACTURING MARKET REGULATORY IMPLICATIONS 195
13.2.2 NORTH AMERICA: COVID-19 IMPACT 196
FIGURE 40 NORTH AMERICA: MARKET SNAPSHOT 196
TABLE 121 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 197
TABLE 122 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 197
TABLE 123 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2016–2020 (USD MILLION) 197
TABLE 124 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION) 197
TABLE 125 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE, 2016–2020 (USD MILLION) 198
TABLE 126 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 198
TABLE 127 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 198
TABLE 128 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 198
TABLE 129 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 199
TABLE 130 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 199
TABLE 131 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 199
TABLE 132 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 199
TABLE 133 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 200
TABLE 134 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 200
TABLE 135 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 200
TABLE 136 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 200
TABLE 137 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 201
TABLE 138 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 201
TABLE 139 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 201
TABLE 140 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 201
TABLE 141 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 202
TABLE 142 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 202
TABLE 143 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 202
TABLE 144 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 203
TABLE 145 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 203
TABLE 146 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 203
13.2.3 UNITED STATES 203
13.2.3.1 Presence of major IoT solutions providers and significant government support will drive the growth of IoT in manufacturing solutions 203
13.2.3.2 United States: IoT in manufacturing market drivers 204
TABLE 147 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 204
TABLE 148 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 204
TABLE 149 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2016–2020 (USD MILLION) 204
TABLE 150 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION) 205
TABLE 151 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 205
TABLE 152 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 205
TABLE 153 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 205
TABLE 154 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 206
TABLE 155 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 206
TABLE 156 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 206
TABLE 157 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 206
TABLE 158 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 207
TABLE 159 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 207
TABLE 160 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 207
TABLE 161 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 207
TABLE 162 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 208
TABLE 163 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 208
TABLE 164 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 208
TABLE 165 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 208
TABLE 166 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 209
TABLE 167 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 209
TABLE 168 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 209
TABLE 169 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 210
TABLE 170 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 210
13.2.4 CANADA 210
13.2.4.1 Increasing investments for development and exponential rise in adoption of IoT in critical applications 210
13.2.4.2 Canada: IoT in manufacturing market drivers 210
TABLE 171 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 211
TABLE 172 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 211
TABLE 173 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2016–2020 (USD MILLION) 211
TABLE 174 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2021–2026 (USD MILLION) 211
TABLE 175 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 212
TABLE 176 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 212
TABLE 177 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 212
TABLE 178 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 212
TABLE 179 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 213
TABLE 180 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 213
TABLE 181 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 213
TABLE 182 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 213
TABLE 183 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 214
TABLE 184 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 214
TABLE 185 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 214
TABLE 186 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 214
TABLE 187 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 215
TABLE 188 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 215
TABLE 189 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 215
TABLE 190 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 215
TABLE 191 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 216
TABLE 192 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 216
TABLE 193 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 216
TABLE 194 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 217
1 INTRODUCTION 56
1.1 INTRODUCTION TO COVID-19 56
1.2 COVID-19 HEALTH ASSESSMENT 56
FIGURE 1 COVID-19: GLOBAL PROPAGATION 56
FIGURE 2 COVID-19 PROPAGATION: SELECT COUNTRIES 57
1.3 COVID-19 ECONOMIC ASSESSMENT 58
FIGURE 3 REVISED GROSS DOMESTIC PRODUCT FORECASTS FOR SELECT G20 COUNTRIES IN 2020 58
1.3.1 COVID-19 ECONOMIC IMPACT—SCENARIO ASSESSMENT 59
FIGURE 4 CRITERIA IMPACTING GLOBAL ECONOMY 59
FIGURE 5 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 60
1.4 OBJECTIVES OF THE STUDY 61
1.5 MARKET DEFINITION 61
1.5.1 INCLUSIONS AND EXCLUSIONS 62
1.6 MARKET SCOPE 62
1.6.1 MARKET SEGMENTATION 63
1.6.2 REGIONS COVERED 63
1.6.3 YEARS CONSIDERED FOR THE STUDY 64
1.7 CURRENCY CONSIDERED 64
TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2021 64
1.8 STAKEHOLDERS 65
1.9 SUMMARY OF CHANGES 65
2 RESEARCH METHODOLOGY 66
2.1 RESEARCH DATA 66
FIGURE 6 GLOBAL IOT IN MANUFACTURING MARKET: RESEARCH DESIGN 66
2.1.1 SECONDARY DATA 67
2.1.2 PRIMARY DATA 67
TABLE 2 PRIMARY INTERVIEWS 68
2.1.2.1 Breakup of primary profiles 68
2.1.2.2 Key industry insights 69
2.2 MARKET BREAKUP AND DATA TRIANGULATION 70
FIGURE 7 DATA TRIANGULATION 70
2.3 MARKET SIZE ESTIMATION 70
2.3.1 BOTTOM–UP APPROACH 71
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF SOLUTIONS AND SERVICES OF THE IOT IN MANUFACTURING MARKET 71
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (BOTTOM-UP) (SUPPLY-SIDE): COLLECTIVE REVENUE OF SOLUTIONS AND SERVICES OF THE IOT IN MANUFACTURING MARKET 71
2.3.2 TOP-DOWN APPROACH 72
FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE): IOT IN MANUFACTURING MARKET 72
2.4 MARKET FORECAST 73
TABLE 3 FACTOR ANALYSIS 73
2.5 ASSUMPTIONS FOR THE STUDY 74
2.6 LIMITATIONS OF THE STUDY 75
3 EXECUTIVE SUMMARY 76
FIGURE 11 IOT IN MANUFACTURING MARKET SIZE, 2019–2026 77
FIGURE 12 LARGEST SEGMENTS IN THE IOT IN MANUFACTURING MARKET, 2021 78
FIGURE 13 IOT IN MANUFACTURING MARKET ANALYSIS 80
FIGURE 14 ASIA PACIFIC TO BE BEST MARKET FOR INVESTMENTS DURING THE FORECAST PERIOD 81
4 PREMIUM INSIGHTS 82
4.1 ATTRACTIVE OPPORTUNITIES IN THE IOT IN MANUFACTURING MARKET 82
FIGURE 15 RISING DEMAND FOR INDUSTRIAL AUTOMATION IN MANUFACTURING TO DRIVE MARKET GROWTH 82
4.2 NORTH AMERICAN IOT IN MANUFACTURING MARKET, 2021 82
FIGURE 16 SOLUTIONS SEGMENT AND UNITED STATES TO ACCOUNT FOR LARGE MARKET SHARES IN NORTH AMERICA IN 2021 82
4.3 ASIA PACIFIC IOT IN MANUFACTURING MARKET, 2021 83
FIGURE 17 SOLUTIONS SEGMENT AND CHINA TO ACCOUNT FOR LARGE MARKET SHARES IN ASIA PACIFIC IN 2021 83
4.4 IOT IN MANUFACTURING MARKET, BY COUNTRY 83
FIGURE 18 INDIA TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 83
5 MARKET OVERVIEW AND INDUSTRY TRENDS 84
5.1 INTRODUCTION 84
5.2 MARKET DYNAMICS 84
FIGURE 19 IOT IN MANUFACTURING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 84
5.2.1 DRIVERS 85
5.2.1.1 Growing demand for industrial automation in the manufacturing industry 85
FIGURE 20 GROWTH OF ROBOT INTENSITY IN INDUSTRIES: UNITED STATES 85
5.2.1.2 Rising need for centralized monitoring and predictive maintenance of assets 85
5.2.1.3 Rise in the number of cost-effective and intelligent connected devices and sensors 86
5.2.1.4 Increasing need for reliable, secure, and high-speed network connectivity 86
FIGURE 21 GLOBAL IOT CONNECTIONS (BILLION) 86
5.2.1.5 Increased adoption of cloud computing platforms 87
5.2.2 RESTRAINTS 87
5.2.2.1 Issues related to data security and privacy in IoT 87
FIGURE 22 PRIVACY ISSUES IN IOT-PAST DATA (BILLION) 88
5.2.2.2 Absence of standardization in IoT protocols 88
5.2.2.3 Integration with the traditional systems and the lack of a technically skilled workforce 89
5.2.3 OPPORTUNITIES 89
5.2.3.1 Rising number of data centers 89
FIGURE 23 GLOBAL RISE IN DATA CENTERS, 2016–2019 90
5.2.3.2 Emerging 5G technology to help IoT adoption globally 90
5.2.3.3 Increase in smart manufacturing initiatives worldwide 90
5.2.3.4 Rising demand for IoT-enabled digital transformation of businesses 90
5.2.3.5 Growing demand for system integrators 91
5.2.4 CHALLENGES 91
5.2.4.1 Lack of skilled workforce for operating IoT-based equipment 91
5.2.4.2 Huge initial investments required for implementing IoT in smart manufacturing 91
5.2.4.3 Interoperability issues of legacy infrastructure and communication networks 92
5.3 INDUSTRY TRENDS 92
5.3.1 VALUE CHAIN ANALYSIS 92
FIGURE 24 IOT IN MANUFACTURING MARKET: VALUE CHAIN 93
5.3.2 ECOSYSTEM 94
TABLE 4 IOT IN MANUFACTURING MARKET: ECOSYSTEM 94
5.3.3 PORTER’S FIVE FORCES MODEL 95
TABLE 5 IMPACT OF EACH FORCE ON THE IOT IN MANUFACTURING MARKET 95
5.3.3.1 Threat of new entrants 95
5.3.3.2 Threat of substitutes 96
5.3.3.3 Bargaining power of suppliers 96
5.3.3.4 Bargaining power of buyers 96
5.3.3.5 Degree of competition 96
5.3.4 TECHNOLOGY ANALYSIS 96
5.3.4.1 Machine learning and artificial intelligence 96
5.3.4.2 Internet of things 97
5.3.4.3 Analytics 97
5.3.4.4 Cloud 97
5.3.4.5 Digital twin 98
5.3.4.6 Edge computing 98
5.3.4.7 MQTT protocol 98
5.3.4.8 Augmented reality 99
5.3.5 PATENT ANALYSIS 99
FIGURE 25 TOP TEN COMPANIES WITH THE HIGHEST NUMBER OF PATENT APPLICATIONS 99
TABLE 6 TOP TWENTY PATENT OWNERS 100
FIGURE 26 NUMBER OF PATENTS GRANTED IN A YEAR OVER THE LAST TEN YEARS 100
5.3.6 AVERAGE SELLING PRICE ANALYSIS 101
TABLE 7 AVERAGE SELLING PRICE RANGES OF SUBSCRIPTION BASED IOT IN MANUFACTURING SYSTEMS 101
5.3.7 USE CASE ANALYSIS 102
TABLE 8 USE CASE 1: CISCO 102
TABLE 9 USE CASE 2: IBM 102
TABLE 10 USE CASE 3: MICROSOFT 103
TABLE 11 USE CASE 4: PTC 103
TABLE 12 USE CASE 5: BOSCH.IO 104
5.3.8 KEY CONFERENCES AND EVENTS IN 2022–2023 105
TABLE 13 IOT IN MANUFACTURING MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 105
5.4 COVID-19 PANDEMIC- DRIVEN MARKET DYNAMICS AND FACTOR ANALYSIS 107
5.4.1 OVERVIEW 107
5.4.2 DRIVERS AND OPPORTUNITIES 107
5.4.3 RESTRAINTS AND CHALLENGES 107
5.4.4 CUMULATIVE GROWTH ANALYSIS 108
TABLE 14 IOT IN MANUFACTURING MARKET: CUMULATIVE GROWTH ANALYSIS 108
6 IOT IN MANUFACTURING MARKET, BY COMPONENT 109
6.1 INTRODUCTION 110
FIGURE 27 SOLUTIONS SEGMENT TO LEAD IOT IN MANUFACTURING DURING THE FORECAST PERIOD 111
TABLE 15 IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 111
TABLE 16 IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT
2021–2026 (USD MILLION) 111
6.2 SOLUTIONS 112
6.2.1 SOLUTIONS: IOT IN MANUFACTURING MARKET DRIVERS 113
6.2.2 SOLUTIONS: COVID-19 IMPACT 113
TABLE 17 SOLUTIONS: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 114
TABLE 18 SOLUTIONS: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 114
6.3 SERVICES 114
6.3.1 SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 115
6.3.2 SERVICES: COVID-19 IMPACT 115
TABLE 19 SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 116
TABLE 20 SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 116
7 IOT IN MANUFACTURING MARKET, BY SOLUTION 117
7.1 INTRODUCTION 118
FIGURE 28 DATA MANAGEMENT SEGMENT TO LEAD IOT IN MANUFACTURING DURING THE FORECAST PERIOD 118
TABLE 21 IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2016–2020 (USD MILLION) 119
TABLE 22 IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2021–2026 (USD MILLION) 119
7.2 NETWORK MANAGEMENT 119
7.2.1 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 120
TABLE 23 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 120
TABLE 24 NETWORK MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 120
7.2.2 NETWORK BANDWIDTH MANAGEMENT 121
7.2.3 NETWORK SECURITY MANAGEMENT 121
7.2.4 NETWORK PERFORMANCE MONITORING AND MANAGEMENT 122
7.2.5 NETWORK CONFIGURATION MANAGEMENT 122
7.3 DATA MANAGEMENT 123
7.3.1 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 123
TABLE 25 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 123
TABLE 26 DATA MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 124
7.3.2 DATA INTEGRATION 124
7.3.3 DATA SECURITY 124
7.3.4 DATA MIGRATION 124
7.3.5 DATA ANALYTICS AND VISUALIZATION 124
7.3.6 METADATA MANAGEMENT 125
7.3.7 DATA GOVERNANCE 125
7.3.8 DATA ORCHESTRATION 125
7.4 DEVICE MANAGEMENT 125
7.4.1 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 126
TABLE 27 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 126
TABLE 28 DEVICE MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 127
7.4.2 DEVICE PROVISIONING AND AUTHENTICATION 127
7.4.3 DEVICE CONFIGURATION MANAGEMENT 127
7.4.4 MONITORING AND TROUBLESHOOTING 128
7.5 APPLICATION MANAGEMENT 128
7.5.1 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 129
TABLE 29 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 129
TABLE 30 APPLICATION MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 129
7.6 SMART SURVEILLANCE 130
7.6.1 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET DRIVERS 130
TABLE 31 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 131
TABLE 32 SMART SURVEILLANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 131
7.6.2 CENTRAL MONITORING SYSTEM 131
7.6.3 VIDEO ANALYTICS AND EVENTS 131
8 IOT IN MANUFACTURING MARKET, BY SERVICE 132
8.1 INTRODUCTION 133
FIGURE 29 MANAGED SERVICES SEGMENT TO GROW AT A HIGHER RATE DURING FORECAST PERIOD 133
TABLE 33 IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 133
TABLE 34 IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 134
8.2 MANAGED SERVICES 134
8.2.1 MANAGED SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 135
TABLE 35 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 135
TABLE 36 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 136
FIGURE 30 SECURITY MANAGEMENT SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD 136
TABLE 37 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 136
TABLE 38 MANAGED SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 137
8.2.2 INFRASTRUCTURE MANAGEMENT SERVICES 137
8.2.2.1 Infrastructure management services: IoT in manufacturing market drivers 137
TABLE 39 INFRASTRUCTURE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 138
TABLE 40 INFRASTRUCTURE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 138
8.2.3 SECURITY MANAGEMENT SERVICES 138
8.2.3.1 Security management services: IoT in manufacturing market drivers 139
TABLE 41 SECURITY MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 139
TABLE 42 SECURITY MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 139
8.2.4 NETWORK MANAGEMENT SERVICES 139
8.2.4.1 Network management services: IoT in manufacturing market drivers 140
TABLE 43 NETWORK MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 140
TABLE 44 NETWORK MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 140
8.2.5 DATA MANAGEMENT SERVICES 141
8.2.5.1 Data management services: IoT in manufacturing market drivers 141
TABLE 45 DATA MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 141
TABLE 46 DATA MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 142
8.2.6 DEVICE MANAGEMENT SERVICES 142
8.2.6.1 Device management services: IoT in manufacturing market drivers 142
TABLE 47 DEVICE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 142
TABLE 48 DEVICE MANAGEMENT SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 143
8.3 PROFESSIONAL SERVICES 143
8.3.1 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET DRIVERS 143
TABLE 49 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 144
TABLE 50 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 144
FIGURE 31 SYSTEM DESIGNING AND INTEGRATION SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 144
TABLE 51 PROFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 145
TABLE 52 PR-OFESSIONAL SERVICES: IOT IN MANUFACTURING MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 145
8.3.2 IOT CONSULTING SERVICES 145
8.3.2.1 IoT consulting services: IoT in manufacturing market drivers 145
TABLE 53 IOT CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 146
TABLE 54 IOT CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 146
FIGURE 32 TECHNOLOGY CONSULTING SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 146
TABLE 55 IOT CONSULTING SERVICES MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 147
TABLE 56 IOT CONSULTING SERVICES MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 147
8.3.2.2 Technology consulting services 147
TABLE 57 TECHNOLOGY CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 147
TABLE 58 TECHNOLOGY CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 148
8.3.2.3 Business consulting services 148
TABLE 59 BUSINESS CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 148
TABLE 60 BUSINESS CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 149
8.3.2.4 Operational consulting services 149
TABLE 61 OPERATIONAL CONSULTING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 149
TABLE 62 OPERATIONAL CONSULTING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 149
8.3.3 IOT INFRASTRUCTURE SERVICES 150
8.3.3.1 IoT infrastructure services: IoT in manufacturing market drivers 150
TABLE 63 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 150
TABLE 64 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 150
FIGURE 33 CLOUD SERVICES SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 151
TABLE 65 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE,
2016–2020 (USD MILLION) 151
TABLE 66 IOT INFRASTRUCTURE SERVICES MARKET SIZE, BY TYPE,
2021–2026 (USD MILLION) 151
8.3.3.2 Network services 151
TABLE 67 NETWORK SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 152
TABLE 68 NETWORK SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 152
8.3.3.3 Deployment services 152
TABLE 69 DEPLOYMENT SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 152
TABLE 70 DEPLOYMENT SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 153
8.3.3.4 Cloud services 153
TABLE 71 CLOUD SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 153
TABLE 72 CLOUD SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 153
8.3.4 SYSTEM DESIGNING AND INTEGRATION SERVICES 154
8.3.4.1 System designing and integration services: IoT in manufacturing market drivers 154
TABLE 73 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 154
TABLE 74 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 154
FIGURE 34 PLATFORM DEVELOPMENT AND INTEGRATION SEGMENT TO GROW A HIGHER CAGR DURING THE FORECAST PERIOD 155
TABLE 75 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2016–2020 (USD MILLION) 155
TABLE 76 SYSTEM DESIGNING AND INTEGRATION SERVICES MARKET SIZE, BY TYPE, 2021–2026 (USD MILLION) 155
8.3.4.2 Platform development and integration services 155
TABLE 77 PLATFORM DEPLOYMENT AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 156
TABLE 78 PLATFORM DEPLOYMENT AND INTEGRATION SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 156
8.3.4.3 Mobile and web application development services 156
TABLE 79 MOBILE AND WEB APPLICATION DEVELOPMENT SERVICES MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 157
TABLE 80 MOBILE AND WEB APPLICATION DEVELOPMENT SERVICES MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 157
8.3.5 SUPPORT AND MAINTENANCE SERVICES 157
8.3.5.1 Support and maintenance services: IoT in manufacturing market drivers 158
TABLE 81 SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 158
TABLE 82 SUPPORT AND MAINTENANCE SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 158
8.3.6 EDUCATION AND TRAINING SERVICES 158
8.3.6.1 Education and training services: IoT in manufacturing market drivers 159
TABLE 83 EDUCATION AND TRAINING SERVICES MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 159
TABLE 84 EDUCATION AND TRAINING SERVICES MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 159
9 IOT IN MANUFACTURING MARKET, BY DEPLOYMENT MODE 160
9.1 INTRODUCTION 161
FIGURE 35 CLOUD SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 161
TABLE 85 IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE,
2016–2020 (USD MILLION) 161
TABLE 86 IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE,
2021–2026 (USD MILLION) 162
9.2 ON-PREMISES 162
9.2.1 ON-PREMISES: IOT IN MANUFACTURING MARKET DRIVERS 162
9.2.2 ON-PREMISES: COVID-19 IMPACT 162
TABLE 87 ON-PREMISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 163
TABLE 88 ON-PREMISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 163
9.3 CLOUD 163
9.3.1 CLOUD: IOT IN MANUFACTURING MARKET DRIVERS 164
9.3.2 CLOUD: COVID-19 IMPACT 164
TABLE 89 CLOUD: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 164
TABLE 90 CLOUD: IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 164
10 IOT IN MANUFACTURING MARKET, BY ORGANIZATION SIZE 165
10.1 INTRODUCTION 166
FIGURE 36 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 166
TABLE 91 IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE,
2016–2020 (USD MILLION) 166
TABLE 92 IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE,
2021–2026 (USD MILLION) 167
10.2 LARGE ENTERPRISES 167
10.2.1 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET DRIVERS 167
10.2.2 LARGE ENTERPRISES: COVID-19 IMPACT 168
TABLE 93 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 168
TABLE 94 LARGE ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 168
10.3 SMALL AND MEDIUM-SIZED ENTERPRISES 169
10.3.1 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET DRIVERS 169
10.3.2 SMALL AND MEDIUM-SIZED ENTERPRISES: COVID-19 IMPACT 169
TABLE 95 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 169
TABLE 96 SMALL AND MEDIUM-SIZED ENTERPRISES: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 170
11 IOT IN MANUFACTURING MARKET, BY APPLICATION 171
11.1 INTRODUCTION 172
FIGURE 37 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT SEGMENT TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 172
TABLE 97 IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 172
TABLE 98 IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 173
11.1.1 APPLICATIONS: COVID-19 IMPACT 173
11.2 PREDICTIVE MAINTENANCE 174
11.2.1 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET DRIVERS 174
TABLE 99 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 174
TABLE 100 PREDICTIVE MAINTENANCE: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 175
11.3 BUSINESS PROCESS OPTIMIZATION 175
11.3.1 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET DRIVERS 175
TABLE 101 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 176
TABLE 102 BUSINESS PROCESS OPTIMIZATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 176
11.4 ASSET TRACKING AND MANAGEMENT 176
11.4.1 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 177
TABLE 103 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 177
TABLE 104 ASSET TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 177
11.5 LOGISTICS AND SUPPLY CHAIN MANAGEMENT 178
11.5.1 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 178
TABLE 105 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 178
TABLE 106 LOGISTICS AND SUPPLY CHAIN MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 179
11.6 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT 179
11.6.1 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 179
TABLE 107 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 180
TABLE 108 REAL-TIME WORKFORCE TRACKING AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 180
11.7 AUTOMATION CONTROL AND MANAGEMENT 180
11.7.1 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET DRIVERS 181
TABLE 109 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 181
TABLE 110 AUTOMATION CONTROL AND MANAGEMENT: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 181
11.8 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION 182
11.8.1 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET DRIVERS 182
TABLE 111 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 182
TABLE 112 EMERGENCY AND INCIDENT MANAGEMENT, AND BUSINESS COMMUNICATION: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 183
12 IOT IN MANUFACTURING MARKET, BY VERTICAL 184
12.1 INTRODUCTION 185
FIGURE 38 DISCRETE MANUFACTURING SEGMENT TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD 185
TABLE 113 IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 185
TABLE 114 IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 185
12.1.1 VERTICALS: COVID-19 IMPACT 186
12.2 PROCESS MANUFACTURING 186
12.2.1 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET DRIVERS 186
12.2.2 PROCESS MANUFACTURING: COVID-19 IMPACT 187
TABLE 115 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 187
TABLE 116 PROCESS MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 188
12.2.3 ENERGY AND UTILITIES 188
12.2.4 CHEMICALS AND MATERIALS 188
12.2.5 FOOD AND BEVERAGE 189
12.2.6 WATER AND WASTE MANAGEMENT 189
12.2.7 OTHER VERTICALS 189
12.3 DISCRETE MANUFACTURING 190
12.3.1 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET DRIVERS 190
12.3.2 DISCRETE MANUFACTURING: COVID-19 IMPACT 190
TABLE 117 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2016–2020 (USD MILLION) 190
TABLE 118 DISCRETE MANUFACTURING: IOT IN MANUFACTURING MARKET SIZE, BY REGION, 2021–2026 (USD MILLION) 191
12.3.3 AUTOMOTIVE 191
12.3.4 MACHINE MANUFACTURING 191
12.3.5 SEMICONDUCTOR AND ELECTRONICS 191
12.3.6 MEDICAL DEVICES 192
12.3.7 LOGISTICS AND TRANSPORTATION 192
13 IOT IN MANUFACTURING MARKET, BY REGION 193
13.1 INTRODUCTION 194
FIGURE 39 ASIA PACIFIC TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 194
TABLE 119 IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2016–2020 (USD MILLION) 194
TABLE 120 IOT IN MANUFACTURING MARKET SIZE, BY REGION,
2021–2026 (USD MILLION) 195
13.2 NORTH AMERICA 195
13.2.1 NORTH AMERICA: IOT IN MANUFACTURING MARKET REGULATORY IMPLICATIONS 195
13.2.2 NORTH AMERICA: COVID-19 IMPACT 196
FIGURE 40 NORTH AMERICA: MARKET SNAPSHOT 196
TABLE 121 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 197
TABLE 122 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 197
TABLE 123 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2016–2020 (USD MILLION) 197
TABLE 124 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION) 197
TABLE 125 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE, 2016–2020 (USD MILLION) 198
TABLE 126 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE, 2021–2026 (USD MILLION) 198
TABLE 127 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 198
TABLE 128 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 198
TABLE 129 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 199
TABLE 130 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 199
TABLE 131 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 199
TABLE 132 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 199
TABLE 133 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 200
TABLE 134 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 200
TABLE 135 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 200
TABLE 136 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 200
TABLE 137 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 201
TABLE 138 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 201
TABLE 139 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 201
TABLE 140 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 201
TABLE 141 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 202
TABLE 142 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 202
TABLE 143 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 202
TABLE 144 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 203
TABLE 145 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COUNTRY, 2016–2020 (USD MILLION) 203
TABLE 146 NORTH AMERICA: IOT IN MANUFACTURING MARKET SIZE, BY COUNTRY, 2021–2026 (USD MILLION) 203
13.2.3 UNITED STATES 203
13.2.3.1 Presence of major IoT solutions providers and significant government support will drive the growth of IoT in manufacturing solutions 203
13.2.3.2 United States: IoT in manufacturing market drivers 204
TABLE 147 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2016–2020 (USD MILLION) 204
TABLE 148 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT, 2021–2026 (USD MILLION) 204
TABLE 149 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2016–2020 (USD MILLION) 204
TABLE 150 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION, 2021–2026 (USD MILLION) 205
TABLE 151 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 205
TABLE 152 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 205
TABLE 153 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 205
TABLE 154 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 206
TABLE 155 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 206
TABLE 156 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 206
TABLE 157 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 206
TABLE 158 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 207
TABLE 159 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 207
TABLE 160 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 207
TABLE 161 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 207
TABLE 162 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 208
TABLE 163 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 208
TABLE 164 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 208
TABLE 165 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 208
TABLE 166 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 209
TABLE 167 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2016–2020 (USD MILLION) 209
TABLE 168 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION, 2021–2026 (USD MILLION) 209
TABLE 169 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2016–2020 (USD MILLION) 210
TABLE 170 UNITED STATES: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL, 2021–2026 (USD MILLION) 210
13.2.4 CANADA 210
13.2.4.1 Increasing investments for development and exponential rise in adoption of IoT in critical applications 210
13.2.4.2 Canada: IoT in manufacturing market drivers 210
TABLE 171 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2016–2020 (USD MILLION) 211
TABLE 172 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY COMPONENT,
2021–2026 (USD MILLION) 211
TABLE 173 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2016–2020 (USD MILLION) 211
TABLE 174 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SOLUTION,
2021–2026 (USD MILLION) 211
TABLE 175 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2016–2020 (USD MILLION) 212
TABLE 176 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SERVICE,
2021–2026 (USD MILLION) 212
TABLE 177 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2016–2020 (USD MILLION) 212
TABLE 178 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY PROFESSIONAL SERVICE, 2021–2026 (USD MILLION) 212
TABLE 179 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2016–2020 (USD MILLION) 213
TABLE 180 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT CONSULTING SERVICE, 2021–2026 (USD MILLION) 213
TABLE 181 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2016–2020 (USD MILLION) 213
TABLE 182 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY IOT INFRASTRUCTURE SERVICE, 2021–2026 (USD MILLION) 213
TABLE 183 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2016–2020 (USD MILLION) 214
TABLE 184 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY SYSTEM DESIGNING AND INTEGRATION SERVICE, 2021–2026 (USD MILLION) 214
TABLE 185 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2016–2020 (USD MILLION) 214
TABLE 186 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY MANAGED SERVICE, 2021–2026 (USD MILLION) 214
TABLE 187 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2016–2020 (USD MILLION) 215
TABLE 188 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION) 215
TABLE 189 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2016–2020 (USD MILLION) 215
TABLE 190 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY ORGANIZATION SIZE, 2021–2026 (USD MILLION) 215
TABLE 191 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2016–2020 (USD MILLION) 216
TABLE 192 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY APPLICATION,
2021–2026 (USD MILLION) 216
TABLE 193 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2016–2020 (USD MILLION) 216
TABLE 194 CANADA: IOT IN MANUFACTURING MARKET SIZE, BY VERTICAL,
2021–2026 (USD MILLION) 217
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