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Hygienic Pumps and Valves Market with COVID-19 Impact, by Valve Type (Single-seat Valves, Double-seat Valves, Butterfly Valves, Diaphragm Valves, Cont...

Publisher:        MarketsandMarkets

# of Pages:        252

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Publication Date:  October, 2021

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1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 MARKET DEFINITION AND SCOPE 31
1.2.1 INCLUSIONS AND EXCLUSIONS 32
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 HYGIENIC PUMPS AND VALVES MARKET SEGMENTATION 32
FIGURE 2 HYGIENIC PUMPS AND VALVES MARKET, BY REGION 33
1.3.2 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 LIMITATIONS 34
1.6 STAKEHOLDERS 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 3 HYGIENIC PUMPS AND VALVES MARKET: RESEARCH DESIGN 36
2.1.1 PRIMARIES 36
2.1.2 SECONDARY AND PRIMARY RESEARCH 37
2.1.3 SECONDARY DATA 37
2.1.3.1 List of major secondary sources 37
2.1.4 PRIMARY DATA 38
2.1.4.1 Primary interviews with experts 39
2.1.4.2 Key data from primary sources 39
2.1.4.3 Key industry insights 40
2.1.4.4 Breakdown of primaries 40
2.2 MARKET SIZE ESTIMATION 41
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE)—REVENUE GENERATED FROM SALES OF HYGIENIC PUMPS AND VALVES 41
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for arriving at market size by bottom-up analysis
(demand side) 42
FIGURE 5 HYGIENIC PUMPS AND VALVES MARKET: BOTTOM-UP APPROACH 42
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach for arriving at market size by top-down analysis
(supply side) 43
FIGURE 6 HYGIENIC PUMPS AND VALVES MARKET: TOP-DOWN APPROACH 43
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 44
FIGURE 7 DATA TRIANGULATION 44
 
2.4 RESEARCH ASSUMPTIONS 45
2.5 RISK ASSESSMENT 46
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS 46
3 EXECUTIVE SUMMARY 47
FIGURE 8 COVID-19 IMPACT ANALYSIS FOR HYGIENIC PUMPS AND VALVES MARKET 48
3.1 REALISTIC SCENARIO 48
3.2 PESSIMISTIC SCENARIO 48
3.3 OPTIMISTIC SCENARIO 48
FIGURE 9 SINGLE-SEAT VALVES TO HOLD LARGER SIZE OF HYGIENIC PUMPS AND VALVES MARKET IN 2021 49
FIGURE 10 AIR-ACTUATED HYGIENIC PUMPS AND VALVES ARE EXPECTED TO BE ADOPTED MORE THROUGHOUT FORECAST PERIOD 50
FIGURE 11 PROCESSED FOOD INDUSTRY TO HOLD LARGEST SHARE OF HYGIENIC PUMPS AND VALVES MARKET IN 2021 50
FIGURE 12 NORTH AMERICA TO HOLD LARGEST SHARE OF HYGIENIC PUMPS AND VALVES MARKET IN 2021 51
4 PREMIUM INSIGHTS 52
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR HYGIENIC PUMPS AND VALVES MARKET 52
FIGURE 13 EXPANSION OF PROCESS INDUSTRIES IS LIKELY TO CREATE LUCRATIVE OPPORTUNITIES FOR HYGIENIC PUMPS AND VALVES MARKET 52
4.2 HYGIENIC PUMPS AND VALVES MARKET, BY VALVE TYPE 52
FIGURE 14 CONTROL VALVES TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 52
4.3 HYGIENIC PUMPS AND VALVES MARKET, BY END-USER INDUSTRY 53
FIGURE 15 PROCESSED FOOD TO HOLD LARGEST SHARE OF HYGIENIC PUMPS AND VALVES MARKET THROUGHOUT THE FORECAST PERIOD 53
4.4 HYGIENIC PUMPS AND VALVES MARKET, BY REGION 53
FIGURE 16 NORTH AMERICA TO HOLD LARGEST SHARE OF HYGIENIC PUMPS AND VALVES MARKET IN 2021 53
5 MARKET OVERVIEW 54
5.1 INTRODUCTION 54
5.2 MARKET DYNAMICS 54
FIGURE 17 GLOBAL HYGIENIC PUMPS AND VALVES MARKET DYNAMICS 54
5.2.1 DRIVERS 55
5.2.1.1 Stringent government regulations for maintaining optimal hygiene level 55
5.2.1.2 Expansion of processing industries globally 55
FIGURE 18 PRODUCTION OF PHARMACEUTICALS AND MILK & MILK PRODUCTS IN EUROPE DURING 2019–2020 56
FIGURE 19 DRIVERS FOR HYGIENIC AND SANITARY PUMPS AND VALVES MARKET AND THEIR IMPACT 57
 
5.2.2 RESTRAINTS 57
5.2.2.1 Variations in raw material prices 57
FIGURE 20 RESTRAINTS FOR HYGIENIC AND SANITARY PUMPS AND VALVES MARKET AND THEIR IMPACT 57
5.2.3 OPPORTUNITIES 58
5.2.3.1 Increasing focus on R&D for hygienic pumps and valves is expected to generate more demand from end-user industries 58
5.2.3.2 Utilization of IIoT and Industry 4.0 in industrial plants expected to boost demand for hygienic valves and pumps in coming years 58
FIGURE 21 OPPORTUNITIES FOR HYGIENIC PUMPS AND VALVES MARKET AND THEIR IMPACT 59
5.2.4 CHALLENGES 59
5.2.4.1 Increased competition from gray market players and unorganized sector 59
5.2.4.2 Failures or malfunctioning could lead to unplanned machine downtime 60
FIGURE 22 CHALLENGES FOR HYGIENIC PUMPS AND VALVES MARKET AND THEIR IMPACT 60
5.3 VALUE CHAIN ANALYSIS 60
FIGURE 23 HYGIENIC PUMPS AND VALVES MARKET: VALUE CHAIN ANALYSIS 61
5.3.1 RAW MATERIAL SUPPLIERS 61
5.3.2 ORIGINAL EQUIPMENT MANUFACTURERS 61
5.3.3 DISTRIBUTORS 62
5.3.4 END-USER INDUSTRIES 62
5.4 ECOSYSTEM 62
FIGURE 24 GLOBAL HYGIENIC PUMPS AND VALVES MARKET: ECOSYSTEM 62
TABLE 2 HYGIENIC PUMPS AND VALVES MARKET: ECOSYSTEM 63
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 64
FIGURE 25 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 64
5.6 PORTER’S FIVE FORCE ANALYSIS 65
TABLE 3 IMPACT OF PORTER’S FIVE FORCES ON HYGIENIC AND SANITARY PUMPS AND VALVES MARKET 65
5.6.1 THREAT OF NEW ENTRANTS 65
5.6.2 THREAT OF SUBSTITUTES 65
5.6.3 BARGAINING POWER OF SUPPLIERS 66
5.6.4 BARGAINING POWER OF BUYERS 66
5.6.5 DEGREE OF COMPETITION 66
5.7 CASE STUDIES 66
5.7.1 GEA GROUP AKTIENGESELLSCHAFT PROVIDES VALVES TO G. SCHNEIDER & SOHN 66
5.7.2 INOXPA S.A.U. PROVIDES NEW PROCESSING EQUIPMENT AND VALVE MANIFOLDS TO CALIDAD PASCUAL S.A. 67
5.7.3 BEAR REPUBLIC BREWERY USED GEA HILGE HYGIA PUMPS TO FOCUS ON EFFICIENCY AND STAY COMPETITIVE IN A MATURE MARKET 67
5.7.4 A LARGE SWEETS MANUFACTURER USED SLH TWIN SCREW PUMP BY ITT BORNEMANN TO SOLVE ITS WEAR ISSUE 67
5.8 TECHNOLOGY TRENDS 67
5.8.1 PREDICTIVE MAINTENANCE 68
5.8.2 IIOT 68
5.8.3 TWIN SCREW PUMP TECHNOLOGY 68
5.8.4 SMART VALVE POSITIONERS 69
5.9 PRICING ANALYSIS 69
TABLE 4 AVERAGE SELLING PRICE OF HYGIENIC PUMPS AND VALVES 70
5.10 TRADE ANALYSIS 70
5.10.1 TRADE ANALYSIS FOR VALVES 70
FIGURE 26 IMPORTS DATA FOR HS CODE 8481, BY KEY COUNTRY,
2016–2020 (USD MILLION) 70
FIGURE 27 EXPORT DATA FOR HS CODE 8481, BY KEY COUNTRY,
2016–2020 (USD MILLION) 71
5.10.2 TRADE ANALYSIS FOR PUMPS 72
FIGURE 28 IMPORT DATA FOR HS CODE 8413, BY KEY COUNTRY,
2016–2020 (USD MILLION) 72
FIGURE 29 EXPORT DATA FOR HS CODE 8413, BY KEY COUNTRY,
2016–2020 (USD MILLION) 73
5.11 PATENTS ANALYSIS 74
FIGURE 30 TOP COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS 74
FIGURE 31 PATENT ANALYSIS RELATED TO HYGIENIC PUMPS AND VALVES MARKET 74
5.11.1 LIST OF MAJOR PATENTS 75
5.12 REGULATORY LANDSCAPE 78
5.12.1 MARKET STANDARDS 78
5.12.1.1 3-A Sanitary Standard 78
5.12.1.2 European Hygienic Engineering and Design Group (EHEDG) 78
5.12.1.3 Food and Drug Administration (FDA) 79
5.12.1.4 ATEX (ATmosphere EXplosible) 79
5.12.1.5 API Standards 79
5.12.1.6 Bio-Processing Equipment (BPE) 79
6 HYGIENIC PUMPS AND VALVES MARKET, BY PUMP TYPE 80
6.1 INTRODUCTION 80
FIGURE 32 HYGIENIC PUMPS AND VALVES MARKET, BY PUMP TYPE 80
6.2 CENTRIFUGAL PUMPS 81
6.2.1 CENTRIFUGAL PUMPS BEST CHOICE FOR LOW VISCOUS FLUIDS DUE TO EASY MAINTENANCE AND NUMEROUS OTHER ADVANTAGES 81
6.3 POSITIVE DISPLACEMENT PUMPS 81
6.3.1 DIAPHRAGM PUMPS 82
6.3.1.1 Diaphragm pumps are most widely adopted positive displacement pumps due to air-powered operations, safe design, and high efficiency 82
 
6.3.2 TWIN SCREW PUMPS 83
6.3.2.1 Twin screw pumps are widely adopted due to their versatility, flexibility, and ability to run dry 83
6.3.3 PERISTALTIC PUMPS 83
6.3.3.1 These pumps are good for gentle transfer of sterile, shear-sensitive fluid and thick slurries 83
6.3.4 ROTARY LOBE PUMPS 84
6.3.4.1 Rotary lobe pumps are positive displacement pumps known for accurate, consistent output with great CIP/SIP characteristics 84
6.3.5 PROGRESSIVE CAVITY PUMPS 84
6.3.5.1 Progressive cavity pumps are suitable for dosing applications owing to high accuracy required in hygienic environments 84
6.3.6 ECCENTRIC DISC PUMPS 85
6.3.6.1 Eccentric disc pumps with unique pumping design can gently and effectively handle low as well as high viscous fluids 85
6.4 OTHERS 85
7 COMPONENTS OF HYGIENIC VALVES 86
7.1 INTRODUCTION 86
FIGURE 33 HYGIENIC PUMPS AND VALVES MARKET, BY COMPONENT 86
7.2 VALVE BODY 87
7.3 ACTUATORS 87
7.4 CONTROL TOPS 87
7.5 POSITIONERS 87
7.6 OTHERS 88
8 HYGIENIC PUMPS AND VALVES MARKET, BY MATERIAL TYPE 89
8.1 INTRODUCTION 89
FIGURE 34 HYGIENIC PUMPS AND VALVES MARKET, BY MATERIAL TYPE 89
8.2 STAINLESS STEEL 90
8.2.1 SURGING DEMAND FOR STAINLESS STEEL PUMPS DURING FORECAST PERIOD 90
8.3 BRONZE 90
8.3.1 INCREASING USAGE OF HIGH CORROSION-RESISTANT AND LOW WEAR BRONZE PUMPS IN PROCESS INDUSTRIES 90
8.4 COPPER 91
8.4.1 GROWING DEMAND FOR COPPER PUMPS WITH UNIQUE ANTIMICROBIAL PROPERTIES IN HYGIENIC DRINKING WATER INDUSTRY 91
9 HYGIENIC PUMPS AND VALVES MARKET, BY VALVE TYPE 92
9.1 INTRODUCTION 93
FIGURE 35 HYGIENIC PUMPS AND VALVES MARKET, BY VALVE TYPE 93
FIGURE 36 SINGLE-SEAT VALVES TO HOLD LARGEST SHARE OF HYGIENIC PUMPS AND VALVES MARKET IN 2021 94
TABLE 5 HYGIENIC VALVES AND PUMPS MARKET, BY VALVE TYPE,
2017–2020 (USD MILLION) 94
TABLE 6 HYGIENIC VALVES AND PUMPS MARKET, BY VALVE TYPE,
2021–2026 (USD MILLION) 94
9.2 SINGLE-SEAT VALVES 95
9.2.1 INCREASING USE OF SINGLE-SEAT VALVES FOR SMALL FLOW RATES 95
TABLE 7 HYGIENIC PUMPS AND VALVES MARKET FOR SINGLE-SEAT VALVES,
BY OPERATION, 2017–2020 (USD MILLION) 95
TABLE 8 HYGIENIC PUMPS AND VALVES MARKET FOR SINGLE-SEAT VALVES,
BY OPERATION, 2021–2026 (USD MILLION) 95
TABLE 9 HYGIENIC PUMPS AND VALVES MARKET FOR SINGLE-SEAT VALVES,
BY REGION, 2017–2020 (USD MILLION) 96
TABLE 10 HYGIENIC PUMPS AND VALVES MARKET FOR SINGLE-SEAT VALVES,
BY REGION, 2021–2026 (USD MILLION) 96
9.3 DOUBLE-SEAT VALVES 97
9.3.1 RISING ADOPTION OF DOUBLE-SEAT VALVES FOR HYGIENE REQUIREMENTS OF INDUSTRIAL PROCESSES 97
TABLE 11 HYGIENIC PUMPS AND VALVES MARKET FOR DOUBLE-SEAT VALVES,
BY OPERATION, 2017–2020 (USD MILLION) 97
TABLE 12 HYGIENIC PUMPS AND VALVES MARKET FOR DOUBLE-SEAT VALVES,
BY OPERATION, 2021–2026 (USD MILLION) 97
TABLE 13 HYGIENIC PUMPS AND VALVES MARKET FOR DOUBLE-SEAT VALVES,
BY REGION, 2017–2020 (USD MILLION) 98
TABLE 14 HYGIENIC PUMPS AND VALVES MARKET FOR DOUBLE-SEAT VALVES,
BY REGION, 2021–2026 (USD MILLION) 98
9.4 BUTTERFLY VALVES 98
9.4.1 INCREASING USE OF LOW-COST ALTERNATIVE VALVES IN PROCESS INDUSTRIES DRIVES DEMAND FOR BUTTERFLY VALVES 98
TABLE 15 HYGIENIC PUMPS AND VALVES MARKET FOR BUTTERFLY VALVES,
BY OPERATION, 2017–2020 (USD MILLION) 99
TABLE 16 HYGIENIC PUMPS AND VALVES MARKET FOR BUTTERFLY VALVES,
BY OPERATION, 2021–2026 (USD MILLION) 99
TABLE 17 HYGIENIC PUMPS AND VALVES MARKET FOR BUTTERFLY VALVES, BY REGION, 2017–2020 (USD MILLION) 99
TABLE 18 HYGIENIC PUMPS AND VALVES MARKET FOR BUTTERFLY VALVES, BY REGION, 2021–2026 (USD MILLION) 100
9.5 DIAPHRAGM VALVES 100
9.5.1 RISING ADOPTION OF DIAPHRAGM VALVES IN PHARMACEUTICAL INDUSTRIES DRIVES THEIR DEMAND 100
TABLE 19 HYGIENIC PUMPS AND VALVES MARKET FOR DIAPHRAGM VALVES,
BY OPERATION, 2017–2020 (USD MILLION) 100
TABLE 20 HYGIENIC PUMPS AND VALVES MARKET FOR DIAPHRAGM VALVES,
BY OPERATION, 2021–2026 (USD MILLION) 101
TABLE 21 HYGIENIC PUMPS AND VALVES MARKET FOR DIAPHRAGM VALVES,
BY REGION, 2017–2020 (USD MILLION) 101
TABLE 22 HYGIENIC PUMPS AND VALVES MARKET FOR DIAPHRAGM VALVES,
BY REGION, 2021–2026 (USD MILLION) 101
 
9.6 CONTROL VALVES 102
9.6.1 CONTROL VALVES ARE EXPECTED TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 102
TABLE 23 HYGIENIC PUMPS AND VALVES MARKET FOR CONTROL VALVES,
BY OPERATION, 2017–2020 (USD MILLION) 102
TABLE 24 HYGIENIC PUMPS AND VALVES MARKET FOR CONTROL VALVES,
BY OPERATION, 2021–2026 (USD MILLION) 102
TABLE 25 HYGIENIC PUMPS AND VALVES MARKET FOR CONTROL VALVES, BY REGION, 2017–2020 (USD MILLION) 103
TABLE 26 HYGIENIC PUMPS AND VALVES MARKET FOR CONTROL VALVES, BY REGION, 2021–2026 (USD MILLION) 103
9.7 OTHERS 103
TABLE 27 HYGIENIC PUMPS AND VALVES MARKET FOR OTHERS, BY OPERATION, 2017–2020 (USD MILLION) 104
TABLE 28 HYGIENIC PUMPS AND VALVES MARKET FOR OTHERS, BY OPERATION, 2021–2026 (USD MILLION) 104
TABLE 29 HYGIENIC PUMPS AND VALVES MARKET FOR OTHERS, BY REGION,
2017–2020 (USD MILLION) 104
TABLE 30 HYGIENIC PUMPS AND VALVES MARKET FOR OTHERS, BY REGION,
2021–2026 (USD MILLION) 105
10 HYGIENIC PUMPS AND VALVES MARKET, BY HYGIENE CLASS 106
10.1 INTRODUCTION 106
FIGURE 37 HYGIENIC PUMPS AND VALVE MARKET, BY HYGIENE CLASS 106
10.2 STANDARD 106
10.3 ASEPTIC 106
10.4 ULTRACLEAN 107
11 HYGIENIC PUMPS AND VALVES MARKET, BY FUNCTION 108
11.1 INTRODUCTION 108
FIGURE 38 HYGIENIC PUMPS AND VALVES MARKET, BY FUNCTION 108
11.2 SHUT OFF/ISOLATION 108
11.3 DIVERT 108
11.4 SAMPLING 109
11.5 OTHERS 109
12 HYGIENIC PUMPS AND VALVES MARKET, BY OPERATION 110
12.1 INTRODUCTION 111
FIGURE 39 HYGIENIC PUMPS AND VALVES MARKET, BY OPERATION 111
FIGURE 40 AIR-ACTUATED SEGMENT TO HOLD LARGER SHARE OF HYGIENIC PUMPS AND VALVES MARKET IN 2021 111
TABLE 31 HYGIENIC PUMPS AND VALVES MARKET, BY OPERATION,
2017–2020 (USD MILLION) 112
TABLE 32 HYGIENIC PUMPS AND VALVES MARKET, BY OPERATION,
2021–2026 (USD MILLION) 112
 
12.2 MANUAL 112
12.2.1 INCREASING PREFERENCE FOR RELIABLE AND COST-EFFECTIVE VALVE OPERATION LEADS TO ADOPTION OF MANUALLY OPERATED VALVES 112
TABLE 33 MANUAL HYGIENIC PUMPS AND VALVES MARKET, BY VALVE TYPE,
2017–2020 (USD MILLION) 113
TABLE 34 MANUAL HYGIENIC PUMPS AND VALVES MARKET, BY VALVE TYPE,
2021–2026 (USD MILLION) 113
TABLE 35 MANUAL HYGIENIC PUMPS AND VALVES MARKET, BY REGION,
2017–2020 (USD MILLION) 113
TABLE 36 MANUAL HYGIENIC PUMPS AND VALVES MARKET, BY REGION,
2021–2026 (USD MILLION) 114
12.3 AIR-ACTUATED 114
12.3.1 RISING FOCUS OF MANUFACTURERS TOWARD AUTOMATION IS DRIVING GROWTH OF AIR-ACTUATED VALVES 114
TABLE 37 AIR-ACTUATED HYGIENIC PUMPS AND VALVES MARKET, BY VALVE TYPE, 2017–2020 (USD MILLION) 115
TABLE 38 AIR-ACTUATED HYGIENIC PUMPS AND VALVES MARKET, BY VALVE TYPE, 2021–2026 (USD MILLION) 115
TABLE 39 AIR-ACTUATED HYGIENIC PUMPS AND VALVES MARKET, BY REGION,
2017–2020 (USD MILLION) 115
TABLE 40 AIR-ACTUATED HYGIENIC PUMPS AND VALVES MARKET, BY REGION,
2021–2026 (USD MILLION) 116
13 HYGIENIC PUMPS AND VALVES MARKET, BY END-USER INDUSTRY 117
13.1 INTRODUCTION 118
FIGURE 41 HYGIENIC PUMPS AND VALVES MARKET, BY END-USER INDUSTRY 118
FIGURE 42 PHARMACEUTICALS INDUSTRY IS ESTIMATED TO EXPERIENCE HIGHEST GROWTH RATE DURING FORECAST PERIOD 118
TABLE 41 HYGIENIC PUMPS AND VALVES MARKET, BY END-USER INDUSTRY,
2017–2020 (USD MILLION) 119
TABLE 42 HYGIENIC PUMPS AND VALVES MARKET, BY END-USER INDUSTRY,
2021–2026 (USD MILLION) 119
13.2 PROCESSED FOOD 120
13.2.1 PROCESSED FOOD INDUSTRY TO HOLD LARGEST SHARE OF GLOBAL HYGIENIC PUMPS AND VALVES MARKET IN 2021 120
13.2.2 IMPACT OF COVID-19 120
TABLE 43 HYGIENIC PUMPS AND VALVES MARKET FOR PROCESSED FOOD, BY REGION, 2017–2020 (USD MILLION) 120
TABLE 44 HYGIENIC PUMPS AND VALVES MARKET FOR PROCESSED FOOD, BY REGION, 2021–2026 (USD MILLION) 121
13.3 DAIRY 121
13.3.1 INCREASING DEMAND FOR DAIRY PRODUCTS DRIVES DEMAND FOR HYGIENIC PUMPS AND VALVES 121
13.3.2 IMPACT OF COVID-19 122
TABLE 45 HYGIENIC PUMPS AND VALVES MARKET FOR DAIRY, BY REGION,
2017–2020 (USD MILLION) 122
TABLE 46 DAIRY HYGIENIC PUMPS AND VALVES MARKET FOR DAIRY, BY REGION, 2021–2026 (USD MILLION) 122
13.4 NONALCOHOLIC BEVERAGES 123
13.4.1 DEMAND FOR HIGH LEVEL OF SAFETY AND HYGIENE LEADS TO ADOPTION OF HYGIENIC EQUIPMENT IN NONALCOHOLIC BEVERAGES INDUSTRY 123
13.4.2 IMPACT OF COVID-19 123
TABLE 47 HYGIENIC PUMPS AND VALVES MARKET FOR NONALCOHOLIC BEVERAGES, BY REGION, 2017–2020 (USD MILLION) 123
TABLE 48 HYGIENIC PUMPS AND VALVES MARKET FOR NONALCOHOLIC BEVERAGES, BY REGION, 2021–2026 (USD MILLION) 124
13.5 ALCOHOLIC BEVERAGES 124
13.5.1 INCREASING AWARENESS REGARDING HYGIENE IN ALCOHOLIC BEVERAGES INDUSTRY BOOSTS ADOPTION OF HYGIENIC PUMPS AND VALVES 124
13.5.2 IMPACT OF COVID-19 125
TABLE 49 HYGIENIC PUMPS AND VALVES MARKET FOR ALCOHOLIC BEVERAGES,
BY REGION, 2017–2020 (USD MILLION) 125
TABLE 50 HYGIENIC PUMPS AND VALVES MARKET FOR ALCOHOLIC BEVERAGES,
BY REGION, 2021–2026 (USD MILLION) 125
13.6 PHARMACEUTICALS 126
13.6.1 CRITICAL QUALITY AND SAFETY STANDARDS IN PHARMACEUTICALS INDUSTRY ARE DRIVING ADOPTION OF HYGIENIC PUMPS AND VALVES 126
13.6.2 IMPACT OF COVID-19 126
TABLE 51 HYGIENIC PUMPS AND VALVES MARKET FOR PHARMACEUTICAL, BY REGION, 2017–2020 (USD MILLION) 127
TABLE 52 HYGIENIC PUMPS AND VALVES MARKET FOR PHARMACEUTICAL, BY REGION, 2021–2026 (USD MILLION) 127
13.7 OTHERS 128
13.7.1 IMPACT OF COVID-19 128
TABLE 53 HYGIENIC PUMPS AND VALVES MARKET FOR OTHER INDUSTRIES,
BY REGION, 2017–2020 (USD MILLION) 129
TABLE 54 HYGIENIC PUMPS AND VALVES MARKET FOR OTHER INDUSTRIES,
BY REGION, 2021–2026 (USD MILLION) 129
14 HYGIENIC PUMPS AND VALVES MARKET, BY GEOGRAPHY 130
14.1 INTRODUCTION 131
TABLE 55 HYGIENIC PUMPS AND VALVES MARKET, BY REGION,
2017–2020 (USD MILLION) 131
TABLE 56 HYGIENIC PUMPS AND VALVES MARKET, BY REGION,
2021–2026 (USD MILLION) 131
FIGURE 43 GEOGRAPHIC SNAPSHOT: HYGIENIC PUMPS AND VALVES MARKET 132
14.2 NORTH AMERICA 132
14.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET 132
FIGURE 44 SNAPSHOT OF HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA 133
FIGURE 45 US ESTIMATED TO ACCOUNT FOR LARGEST SIZE OF HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA THROUGHOUT FORECAST PERIOD 134
TABLE 57 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 134
TABLE 58 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 134
TABLE 59 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY VALVE TYPE, 2017–2020 (USD MILLION) 135
TABLE 60 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY VALVE TYPE, 2021–2026 (USD MILLION) 135
TABLE 61 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY OPERATION, 2017–2020 (USD MILLION) 135
TABLE 62 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY OPERATION, 2021–2026 (USD MILLION) 136
TABLE 63 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 136
TABLE 64 HYGIENIC PUMPS AND VALVES MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 136
14.2.2 US 137
14.2.2.1 US to continue holding largest share of North American market due to rapid industrial development 137
14.2.3 CANADA 137
14.2.3.1 High growth in processed food industry to create opportunities for market growth in Canada 137
14.2.4 MEXICO 138
14.2.4.1 Attractive manufacturing opportunities and industrial development to drive market growth in Mexico 138
14.3 EUROPE 138
FIGURE 46 SNAPSHOT OF HYGIENIC PUMPS AND VALVES MARKET IN EUROPE 139
FIGURE 47 GERMANY TO ACCOUNT FOR LARGEST SIZE OF HYGIENIC PUMPS AND VALVES MARKET IN EUROPE THROUGHOUT FORECAST PERIOD 140
TABLE 65 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION) 140
TABLE 66 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION) 141
TABLE 67 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY VALVE TYPE,
2017–2020 (USD MILLION) 141
TABLE 68 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY VALVE TYPE,
2021–2026 (USD MILLION) 141
TABLE 69 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY OPERATION,
2017–2020 (USD MILLION) 142
TABLE 70 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY OPERATION,
2021–2026 (USD MILLION) 142
TABLE 71 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 142
TABLE 72 HYGIENIC PUMPS AND VALVES MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 143
14.3.1 IMPACT OF COVID-19 ON EUROPEAN MARKET 143
14.3.2 GERMANY 143
14.3.2.1 Germany to hold largest share in European hygienic pumps and valves market 143
14.3.3 UK 144
14.3.3.1 Processed food and nonalcoholic beverages industries to drive demand for hygienic pumps and valves in UK 144
14.3.4 FRANCE 144
14.3.4.1 Rapidly developing cosmetics and processed food industries to drive demand for hygienic pumps and valves in France 144
14.3.5 ITALY 144
14.3.5.1 Highly fragmented Italian processed food industry is driving demand for hygienic pumps and valves in Italy 144
14.3.6 BENELUX 145
14.3.6.1 Benelux to register highest growth rate in European market during forecast period 145
14.3.7 REST OF EUROPE 145
14.4 APAC 146
14.4.1 IMPACT OF COVID-19 ON APAC MARKET 146
FIGURE 48 SNAPSHOT OF HYGIENIC PUMPS AND VALVES MARKET IN APAC 147
FIGURE 49 HYGIENIC PUMPS AND VALVES MARKET IN CHINA TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD 148
TABLE 73 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY COUNTRY,
2017–2020 (USD MILLION) 148
TABLE 74 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 148
TABLE 75 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY VALVE TYPE,
2017–2020 (USD MILLION) 149
TABLE 76 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY VALVE TYPE,
2021–2026 (USD MILLION) 149
TABLE 77 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY OPERATION,
2017–2020 (USD MILLION) 149
TABLE 78 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY OPERATION,
2021–2026 (USD MILLION) 150
TABLE 79 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 150
TABLE 80 HYGIENIC PUMPS AND VALVES MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 150
14.4.2 CHINA 151
14.4.2.1 China held largest share of hygienic pumps and valves market in APAC in 2020 151
14.4.3 JAPAN 151
14.4.3.1 Growing process industries in Japan is driving market growth 151
14.4.4 INDIA 152
14.4.4.1 Increasing dairy production in India to fuel market growth 152
14.4.5 SOUTH KOREA 152
14.4.5.1 Increasing use of hygienic pumps and valves in chemicals industry to drive market growth 152
14.4.6 AUSTRALIA 152
14.4.6.1 Growing processed food industry to drive demand for hygienic pumps and valves 152
14.4.7 REST OF APAC 152
 
14.5 ROW 153
14.5.1 IMPACT OF COVID-19 ON ROW MARKET 153
FIGURE 50 MIDDLE EAST & AFRICA TO ACCOUNT FOR LARGER SIZE OF HYGIENIC VALVES AND PUMPS MARKET IN ROW DURING FORECAST PERIOD 154
TABLE 81 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY REGION,
2017–2020 (USD MILLION) 154
TABLE 82 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION) 154
TABLE 83 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY VALVE TYPE,
2017–2020 (USD MILLION) 155
TABLE 84 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY VALVE TYPE,
2021–2026 (USD MILLION) 155
TABLE 85 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY OPERATION,
2017–2020 (USD MILLION) 155
TABLE 86 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY OPERATION,
2021–2026 (USD MILLION) 156
TABLE 87 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD MILLION) 156
TABLE 88 HYGIENIC PUMPS AND VALVES MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD MILLION) 156
14.5.2 MIDDLE EAST & AFRICA 157
14.5.2.1 Middle East & Africa dominated hygienic pumps and valves market in RoW in 2020 157
14.5.3 SOUTH AMERICA 157
14.5.3.1 Growing processed food industry in South America to fuel
market growth 157
15 COMPETITIVE LANDSCAPE 158
15.1 INTRODUCTION 158
FIGURE 51 KEY DEVELOPMENTS IN HYGIENIC PUMPS AND VALVES MARKET (2018–2021) 158
15.1.1 REVENUE ANALYSIS OF TOP THREE COMPANIES 159
FIGURE 52 REVENUE GENERATED BY TOP THREE MARKET PLAYERS (2016–2020) 159
15.2 MARKET SHARE ANALYSIS OF TOP 3 PLAYERS, 2020 160
TABLE 89 HYGIENIC PUMPS AND VALVES MARKET: DEGREE OF COMPETITION 160
15.3 COMPETITIVE EVALUATION QUADRANT, 2020 162
15.3.1 STAR 162
15.3.2 EMERGING LEADER 162
15.3.3 PERVASIVE 162
15.3.4 PARTICIPANT 162
FIGURE 53 HYGIENIC PUMPS AND VALVES MARKET (GLOBAL) COMPANY EVALUATION QUADRANT, 2020 163
15.4 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020 164
15.4.1 PROGRESSIVE COMPANY 164
15.4.2 RESPONSIVE COMPANY 164
 
15.4.3 DYNAMIC COMPANY 164
15.4.4 STARTING BLOCK 164
FIGURE 54 HYGIENIC PUMPS AND VALVES MARKET (GLOBAL) SME EVALUATION QUADRANT, 2020 165
15.4.5 HYGIENIC PUMPS AND VALVES MARKET: COMPANY FOOTPRINT 166
TABLE 90 COMPANY VALVE TYPE FOOTPRINT 166
TABLE 91 COMPANY END-USER INDUSTRY FOOTPRINT 167
TABLE 92 COMPANY REGION FOOTPRINT 168
TABLE 93 COMPANY FOOTPRINT 169
15.5 COMPETITIVE SITUATIONS AND TRENDS 170
15.5.1 PRODUCT LAUNCHES 170
TABLE 94 HYGIENIC PUMPS AND VALVES MARKET: PRODUCT LAUNCHES,
FEBRUARY 2019–JUNE 2021 170
15.5.2 DEALS 172
TABLE 95 HYGIENIC PUMPS AND VALVES MARKET: DEALS, NOVEMBER 2018-
MAY 2021 172
16 COMPANY PROFILES 176
(Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view)*
16.1 KEY PLAYERS 176
16.1.1 ALFA LAVAL 176
TABLE 96 ALFA LAVAL: BUSINESS OVERVIEW 176
FIGURE 55 ALFA LAVAL: COMPANY SNAPSHOT 177
TABLE 97 ALFA LAVAL: PRODUCT OFFERING 177
TABLE 98 ALFA LAVAL: PRODUCT LAUNCHES AND DEVELOPMENTS 179
16.1.2 ADAMANT VALVES 181
TABLE 99 ADAMANT VALVES: BUSINESS OVERVIEW 181
TABLE 100 ADAMANT VALVES: PRODUCTS OFFERED 181
16.1.3 BARDIANI VALVOLE SPA 183
TABLE 101 BARDIANI VALVOLE SPA: BUSINESS OVERVIEW 183
TABLE 102 BARDIANI VALVOLE SPA: PRODUCT OFFERING 183
16.1.4 CHRISTIAN BÜRKERT GMBH & CO. KG 184
TABLE 103 CHRISTIAN BÜRKERT GMBH & CO. KG: BUSINESS OVERVIEW 184
TABLE 104 CHRISTIAN BÜRKERT GMBH & CO. KG: PRODUCT OFFERING 184
16.1.5 EMERSON ELECTRIC CO. 185
TABLE 105 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW 185
FIGURE 56 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 186
TABLE 106 EMERSON ELECTRIC CO.: PRODUCT OFFERING 186
TABLE 107 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES AND DEVELOPMENTS 187
TABLE 108 EMERSON ELECTRIC CO.: DEALS 188
16.1.6 EVOGUARD GMBH 189
TABLE 109 EVOGUARD GMBH: BUSINESS OVERVIEW 189
TABLE 110 EVOGUARD GMBH: PRODUCT OFFERING 189
16.1.7 FLOWSERVE CORPORATION 191
TABLE 111 FLOWSERVE CORPORATION: BUSINESS OVERVIEW 191
FIGURE 57 FLOWSERVE CORPORATION: COMPANY SNAPSHOT 192
TABLE 112 FLOWSERVE CORPORATION: PRODUCT OFFERING 192
TABLE 113 FLOWSERVE CORPORATION: DEALS 194
16.1.8 GEA GROUP AKTIENGESELLSCHAFT 195
TABLE 114 GEA GROUP AKTIENGESELLSCHAFT: BUSINESS OVERVIEW 195
FIGURE 58 GEA GROUP AKTIENGESELLSCHAFT: COMPANY SNAPSHOT 196
TABLE 115 GEA GROUP AKTIENGESELLSCHAFT: PRODUCTS OFFERED 197
TABLE 116 GEA GROUP AKTIENGESELLSCHAFT: PRODUCT LAUNCHES 198
16.1.9 GEMÜ GROUP 200
TABLE 117 GEMÜ GROUP: BUSINESS OVERVIEW 200
TABLE 118 GEMÜ GROUP: PRODUCT OFFERING 200
TABLE 119 GEMÜ GROUP: PRODUCT LAUNCHES AND DEVELOPMENTS 201
16.1.10 GEBR. RIEGER GMBH + CO. KG 202
TABLE 120 GEBR. RIEGER GMBH + CO. KG: BUSINESS OVERVIEW 202
TABLE 121 GEBR. RIEGER GMBH + CO. KG: PRODUCT OFFERING 202
16.1.11 ITT INC. 204
TABLE 122 ITT INC.: BUSINESS OVERVIEW 204
FIGURE 59 ITT INC.: COMPANY SNAPSHOT 205
TABLE 123 ITT INC.: PRODUCTS OFFERED 206
TABLE 124 ITT INC.: DEALS 206
16.1.12 INOXPA S.A.U. 207
TABLE 125 INOXPA S.A.U.: BUSINESS OVERVIEW 207
TABLE 126 INOXPA S.A.U.: PRODUCT OFFERING 207
TABLE 127 INOXPA S.A.U.: PRODUCT LAUNCHES AND DEVELOPMENTS 209
16.1.13 KIESELMANN GMBH 210
TABLE 128 KIESELMANN GMBH: BUSINESS OVERVIEW 210
TABLE 129 KIESELMANN GMBH: PRODUCT OFFERING 210
16.1.14 SPX FLOW, INC. 213
TABLE 130 SPX FLOW, INC.: BUSINESS OVERVIEW 213
FIGURE 60 SPX FLOW, INC.: COMPANY SNAPSHOT 214
TABLE 131 SPX FLOW, INC.: PRODUCT OFFERING 214
TABLE 132 SPX FLOW, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS 216
TABLE 133 SPX FLOW, INC.: DEALS 217
16.1.15 SAMSON AKTIENGESELLSCHAFT 219
TABLE 134 SAMSON AKTIENGESELLSCHAFT: BUSINESS OVERVIEW 219
TABLE 135 SAMSON AKTIENGESELLSCHAFT: PRODUCT OFFERING 219
TABLE 136 SAMSON AKTIENGESELLSCHAFT: DEALS 220
16.2 OTHER PLAYERS 221
16.2.1 CIPRANI HARRISON VALVES CORP. 221
16.2.2 DFT INC. 222
16.2.3 DIXON VALVE & COUPLING COMPANY, LLC. 223
16.2.4 DONJOY TECHNOLOGY CO., LTD. 224
16.2.5 HAITIMA CORPORATION 225
16.2.6 HANNINGFIELD 226
16.2.7 KSB SE & CO. KGAA 227
16.2.8 SPIRAX SARCO LIMITED 228
16.2.9 STERIFLOW VALVE 229
16.2.10 TAPFLO 229
*Details on Business overview, Products offered, Recent Developments, SWOT Analysis, MNM view might not be captured in case of unlisted companies.
17 ADJACENT & RELATED MARKETS 230
17.1 INTRODUCTION 230
17.2 LIMITATIONS 230
17.3 HYDRAULICS MARKET, BY END USER 231
17.3.1 INTRODUCTION 231
TABLE 137 HYDRAULICS MARKET, BY REGION, 2016–2019 (USD MILLION) 231
TABLE 138 HYDRAULICS MARKET, BY REGION, 2020–2025 (USD MILLION) 231
17.3.2 NORTH AMERICA 231
17.3.3 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET 232
17.3.3.1 US 232
17.3.3.1.1 US to hold largest size of North American market during forecast period 232
17.3.3.2 CANADA 232
17.3.3.2.1 Growth of Canadian market to be driven by expanding mining industry 232
17.3.3.3 MEXICO 233
17.3.3.3.1 Growth of Mexican market to be driven by growing oil &
gas industry 233
TABLE 139 HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2016–2019 (USD MILLION) 233
TABLE 140 HYDRAULICS MARKET IN NORTH AMERICA, BY COUNTRY,
2020–2025 (USD MILLION) 234
TABLE 141 HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2016–2019 (USD MILLION) 234
TABLE 142 HYDRAULICS MARKET IN NORTH AMERICA, BY COMPONENT,
2020–2025 (USD MILLION) 234
TABLE 143 HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2016–2019 (USD MILLION) 235
TABLE 144 HYDRAULICS MARKET IN NORTH AMERICA, BY END USER,
2020–2025 (USD MILLION) 235
TABLE 145 HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2016–2019 (USD MILLION) 236
TABLE 146 HYDRAULICS MARKET IN NORTH AMERICA, BY TYPE,
2020–2025 (USD MILLION) 236
 
17.3.4 EUROPE 236
17.3.5 IMPACT OF COVID-19 ON EUROPEAN MARKET 236
17.3.5.1 Germany 237
17.3.5.1.1 Significant presence of leading manufacturers of hydraulic equipment in Germany to drive market growth 237
17.3.5.2 France 237
17.3.5.2.1 Rising demand for material handling equipment to drive market growth in France 237
17.3.5.3 UK 237
17.3.5.3.1 Expanding marine industry to boost demand for hydraulics in UK 237
17.3.5.4 Rest of Europe 238
TABLE 147 HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2016–2019 (USD MILLION) 238
TABLE 148 HYDRAULICS MARKET IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION) 238
TABLE 149 HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2016–2019 (USD MILLION) 239
TABLE 150 HYDRAULICS MARKET IN EUROPE, BY COMPONENT,
2020–2025 (USD MILLION) 239
TABLE 151 HYDRAULICS MARKET IN EUROPE, BY END USER,
2016–2019 (USD MILLION) 240
TABLE 152 HYDRAULICS MARKET IN EUROPE, BY END USER,
2020–2025 (USD MILLION) 240
TABLE 153 HYDRAULICS MARKET IN EUROPE, BY TYPE, 2016–2019 (USD MILLION) 240
TABLE 154 HYDRAULICS MARKET IN EUROPE, BY TYPE, 2020–2025 (USD MILLION) 241
17.3.6 APAC 241
17.3.7 IMPACT OF COVID-19 ON APAC MARKET 241
17.3.7.1 Japan 241
17.3.7.1.1 Presence of large number of hydraulic equipment suppliers to fuel market growth 241
17.3.7.2 China 242
17.3.7.2.1 Growing industrialization and urbanization in China to fuel demand for hydraulic equipment 242
17.3.7.3 India 242
17.3.7.3.1 Rising demand for hydraulics in construction industry to boost market growth in India 242
17.3.7.4 South Korea 243
17.3.7.4.1 Growth of shipbuilding industry in South Korea to boost demand for hydraulic-based components 243
17.3.7.5 Rest of APAC 243
TABLE 155 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2016–2019 (USD MILLION) 243
TABLE 156 HYDRAULICS MARKET IN APAC, BY COUNTRY, 2020–2025 (USD MILLION) 244
TABLE 157 HYDRAULICS MARKET IN APAC, BY COMPONENT,
2016–2019 (USD MILLION) 244
TABLE 158 HYDRAULICS MARKET IN APAC, BY COMPONENT,
2020–2025 (USD MILLION) 245
TABLE 159 HYDRAULICS MARKET IN APAC, BY END USER, 2016–2019 (USD MILLION) 245
TABLE 160 HYDRAULICS MARKET IN APAC, BY END USER, 2020–2025 (USD MILLION) 246
TABLE 161 HYDRAULICS MARKET IN APAC, BY TYPE, 2016–2019 (USD MILLION) 246
TABLE 162 HYDRAULICS MARKET IN APAC, BY TYPE, 2020–2025 (USD MILLION) 246
17.3.8 ROW 247
17.3.9 IMPACT OF COVID-19 ON ROW MARKET 247
17.3.9.1 South America 247
17.3.9.2 Middle East 247
17.3.9.2.1 Rising investments in oil & gas industry to drive market growth in Middle East 247
17.3.9.3 Africa 248
17.3.9.3.1 Growing demand for mining equipment to create demand for hydraulics in Africa 248
TABLE 163 HYDRAULICS MARKET IN ROW, BY REGION, 2016–2019 (USD MILLION) 248
TABLE 164 HYDRAULICS MARKET IN ROW, BY REGION, 2020–2025 (USD MILLION) 248
TABLE 165 HYDRAULICS MARKET IN ROW, BY COMPONENT, 2016–2019 (USD MILLION) 248
TABLE 166 HYDRAULICS MARKET IN ROW, BY COMPONENT, 2020–2025 (USD MILLION) 249
TABLE 167 HYDRAULICS MARKET IN ROW, BY END USER, 2016–2019 (USD MILLION) 249
TABLE 168 HYDRAULICS MARKET IN ROW, BY END USER, 2020–2025 (USD MILLION) 250
TABLE 169 HYDRAULICS MARKET IN ROW, BY TYPE, 2016–2019 (USD MILLION) 250
TABLE 170 HYDRAULICS MARKET IN ROW, BY TYPE, 2020–2025 (USD MILLION) 250
18 APPENDIX 251
18.1 INSIGHTS OF INDUSTRY EXPERTS 251
18.2 DISCUSSION GUIDE 252
18.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 255
18.4 AVAILABLE CUSTOMIZATIONS 257
18.5 RELATED REPORTS 257
18.6 AUTHOR DETAILS 258

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

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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

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

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Publication Date:  March, 2022

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