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Power Tools Market with COVID-19 Impact by Tool Type (Drilling & Fastening Tools, Demolition Tools, Sawing and Cutting Tools, Material Removal Tools, ...

Publisher:        MarketsandMarkets

# of Pages:        233

Rating: 

1 User License $4,950

Publication Date:  December, 2021

Price:       $4,950 / User License




1 INTRODUCTION 31
1.1 STUDY OBJECTIVES 31
1.2 DEFINITION 31
1.2.1 INCLUSIONS AND EXCLUSIONS 32
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 POWER TOOLS MARKET SEGMENTATION 32
1.3.2 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 LIMITATIONS 33
1.6 STAKEHOLDERS 33
1.7 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 POWER TOOLS MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY & PRIMARY RESEARCH 36
2.1.2 SECONDARY DATA 37
2.1.2.1 List of major secondary sources 37
2.1.2.2 Key data from secondary sources 38
2.1.3 PRIMARY DATA 38
2.1.3.1 Primary interviews with experts 39
2.1.3.2 Key data from primary sources 39
2.1.3.3 Key industry insights 40
2.1.3.4 Breakdown of primaries 40
2.2 MARKET SIZE ESTIMATION 41
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH (SUPPLY SIDE): REVENUE OF PRODUCTS/SOLUTIONS/SERVICES OF POWER TOOLS
MARKET SIZE 41
2.2.1 BOTTOM-UP APPROACH 42
2.2.1.1 Approach for arriving at market share by bottom-up analysis
(demand side) 42
FIGURE 4 POWER TOOLS MARKET: BOTTOM-UP APPROACH 43
2.2.2 TOP-DOWN APPROACH 43
2.2.2.1 Approach for capturing market share by top-down analysis
(supply side) 43
FIGURE 5 POWER TOOLS MARKET: TOP-DOWN APPROACH 44
2.3 MARKET BREAKDOWN & DATA TRIANGULATION 44
FIGURE 6 DATA TRIANGULATION 44
2.4 RESEARCH ASSUMPTIONS 45
2.5 RISK ASSESSMENT 45
TABLE 1 LIMITATIONS & ASSOCIATED RESULTS 45
3 EXECUTIVE SUMMARY 47
FIGURE 7 COVID-19 IMPACT ANALYSIS ON POWER TOOLS MARKET 47
3.1 REALISTIC SCENARIO 48
3.2 PESSIMISTIC SCENARIO 48
3.3 OPTIMISTIC SCENARIO 48
TABLE 2 POWER TOOLS MARKET, IN TERMS OF VALUE AND VOLUME, 2017–2020 48
TABLE 3 POWER TOOLS MARKET, IN TERMS OF VALUE AND VOLUME, 2021–2026 49
FIGURE 8 DRILLING & FASTENING TOOLS TO HOLD LARGEST SIZE OF POWER TOOLS MARKET FROM 2021 TO 2026 50
FIGURE 9 ELECTRIC TOOLS TO DOMINATE POWER TOOLS MARKET DURING FORECAST PERIOD 50
FIGURE 10 CONSTRUCTION SEGMENT TO HOLD LARGEST MARKET SHARE FROM
2021 TO 2026 51
FIGURE 11 POWER TOOLS MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR POWER TOOLS MARKET 53
FIGURE 12 INCREASING NUMBER OF CONSTRUCTION ACTIVITIES IS LIKELY TO CREATE LUCRATIVE OPPORTUNITIES FOR APAC POWER TOOLS MARKET 53
4.2 POWER TOOLS MARKET, BY TOOL TYPE 53
FIGURE 13 DRILLING & FASTENING TOOLS SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 53
4.3 POWER TOOLS MARKET, BY APPLICATION 54
FIGURE 14 INDUSTRIAL/PROFESSIONAL APPLICATION TO HOLD LARGER SHARE OF POWER TOOLS MARKET IN 2021 54
4.4 POWER TOOLS MARKET, BY REGION 54
FIGURE 15 NORTH AMERICA HOLD LARGEST SIZE OF POWER TOOLS MARKET IN 2021 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
FIGURE 16 GLOBAL POWER TOOLS MARKET DYNAMICS 55
5.2.1 DRIVERS 56
5.2.1.1 Growing construction industry in emerging economies 56
FIGURE 17 CONSTRUCTION SPENDING IN US, JUNE 2021–OCTOBER 2021 56
5.2.1.2 Surging demand for power tools from automotive industry 57
5.2.1.3 Rising adoption of battery-powered power tools globally 57
5.2.1.4 Surging demand for electric fastening tools in industrial environments 57
FIGURE 18 DRIVERS FOR POWER TOOLS MARKET AND THEIR IMPACT 58
 
5.2.2 RESTRAINTS 58
5.2.2.1 High repair and replacement parts cost of power tools 58
5.2.2.2 Fluctuations in raw material prices 59
FIGURE 19 RESTRAINTS FOR POWER TOOLS MARKET AND THEIR IMPACT 59
5.2.3 OPPORTUNITIES 59
5.2.3.1 Rising demand for fastening tools in wind energy industry 59
FIGURE 20 TOTAL CUMULATIVE INSTALLED WIND POWER CAPACITY, 2015–2020 60
5.2.3.2 Development of smart and connected power tools 60
5.2.3.3 Growing demand for power tools for household applications 61
FIGURE 21 OPPORTUNITIES FOR POWER TOOLS MARKET AND THEIR IMPACT 61
5.2.4 CHALLENGES 62
5.2.4.1 Designing ergonomic and lightweight power tools 62
5.2.4.2 Stringent regulatory compliance and safety standards 62
FIGURE 22 CHALLENGES FOR POWER TOOLS MARKET AND THEIR IMPACT 63
5.3 VALUE CHAIN ANALYSIS 63
FIGURE 23 VALUE CHAIN ANALYSIS: GLOBAL POWER TOOLS MARKET 64
5.3.1 RESEARCH & DEVELOPMENT CENTERS 64
5.3.2 COMPONENT SUPPLIERS 64
5.3.3 TOOL MANUFACTURERS 65
5.3.4 DISTRIBUTORS AND RETAILERS 65
5.3.5 END USERS 65
5.4 ECOSYSTEM 66
FIGURE 24 GLOBAL POWER TOOLS MARKET: ECOSYSTEM 66
TABLE 4 POWER TOOLS MARKET: ECOSYSTEM 66
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 68
5.6 PORTER’S FIVE FORCE ANALYSIS 68
TABLE 5 PORTERS 5 FORCES IMPACT ON POWER TOOLS MARKET 69
5.6.1 THREAT OF NEW ENTRANTS 69
5.6.2 THREAT OF SUBSTITUTES 69
5.6.3 BARGAINING POWER OF SUPPLIERS 69
5.6.4 BARGAINING POWER OF BUYERS 70
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 70
5.7 CASE STUDY ANALYSIS 70
5.7.1 NEW RIVER ELECTRICAL CORPORATION USED PORTABLE ELECTRIC BAND SAW FROM CS UNITEC, INC. FOR CUTTING OF LARGE CABLES 70
5.7.2 LOWE OFFSHORE INTERNATIONAL, LTD USED PNEUMATIC MAGNETIC DRILL FROM CS UNITEC, INC. FOR CONSTRUCTION OF DEVILS TOWER 70
5.8 TECHNOLOGY TRENDS 71
5.8.1 CONNECTED ASSEMBLY POWER TOOLS 71
5.8.2 BRUSHLESS DC MOTORS 71
5.8.3 WIRELESS CHARGING 71
5.8.4 EASY START SYSTEM 72
 
5.9 PRICING ANALYSIS 72
TABLE 6 AVERAGE SELLING PRICE OF POWER TOOLS 72
5.9.1 PRICES OF SOME POWER TOOLS AVAILABLE IN THE MARKET ARE MENTIONED BELOW: 72
5.10 TRADE ANALYSIS 73
5.10.1 TRADE ANALYSIS FOR HS CODE 8207 73
FIGURE 25 IMPORT DATA FOR HS CODE 8207, BY KEY COUNTRY,
2016–2020 (USD MILLION) 73
FIGURE 26 EXPORT DATA FOR HS CODE 8207, BY KEY COUNTRY,
2016–2020 (USD MILLION) 74
5.10.2 TRADE ANALYSIS FOR HS CODE 8467 75
FIGURE 27 IMPORT DATA FOR HS CODE 8467, BY KEY COUNTRY,
2016–2020 (USD MILLION) 75
FIGURE 28 EXPORT DATA FOR HS CODE 8467, BY KEY COUNTRY,
2016–2020 (USD MILLION) 76
5.11 PATENT ANALYSIS 77
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 77
FIGURE 30 PATENT ANALYSIS RELATED TO POWER TOOLS MARKET 77
5.11.1 LIST OF MAJOR PATENTS 78
5.12 MARKET STANDARDS 80
5.12.1 ANSI/ASA S12.15-1992 (R2020) 80
5.12.2 ANSI B165.1-2019 80
5.12.3 ISO 28927-12:2012 80
5.12.4 ISO/TS 21108:2005 80
6 POWER TOOLS MARKET, BY DISTRIBUTION CHANNEL 81
6.1 INTRODUCTION 81
FIGURE 31 POWER TOOLS MARKET, BY DISTRIBUTION CHANNEL 81
FIGURE 32 POWER TOOLS ARE LARGELY SOLD THROUGH OFFLINE DISTRIBUTION CHANNEL 81
6.2 ONLINE 82
6.3 OFFLINE 82
7 POWER TOOLS MARKET, BY TOOL TYPE 83
7.1 INTRODUCTION 84
FIGURE 33 POWER TOOLS MARKET, BY TOOL TYPE 84
FIGURE 34 DRILLING AND FASTENING TOOLS TO HOLD LARGEST SIZE OF POWER TOOLS MARKET IN 2021 85
TABLE 7 POWER TOOLS MARKET, BY TOOL TYPE, 2017–2020 (USD MILLION) 85
TABLE 8 POWER TOOLS MARKET, BY TOOL TYPE, 2021–2026 (USD MILLION) 85
TABLE 9 POWER TOOLS MARKET SHIPMENT, 2017–2020 (USD MILLION) 86
TABLE 10 POWER TOOLS MARKET SHIPMENT, 2021–2026 (MILLION UNITS) 86
 
7.2 DRILLING AND FASTENING TOOLS 86
7.2.1 DRILLS 87
7.2.1.1 Electric drills to hold major market share of drilling and fastening tools by 2026 87
7.2.2 IMPACT DRIVERS 87
7.2.2.1 Rising adoption of impact drivers by professionals for various applications to drive market growth 87
7.2.3 IMPACT WRENCHES 87
7.2.3.1 Rising adoption of impact wrenches in automotive industry to augment market growth 87
7.2.4 SCREWDRIVERS AND NUTRUNNERS 88
7.2.4.1 Increasing use of nutrunners in aerospace and automotive assembly operations to underpin market growth 88
TABLE 11 POWER TOOLS MARKET FOR DRILLING & FASTENING TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 88
TABLE 12 POWER TOOLS MARKET FOR DRILLING & FASTENING TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 88
7.3 DEMOLITION TOOLS 89
7.3.1 ROTARY HAMMERS/HAMMER DRILLS/DEMOLITION HAMMERS 89
7.3.1.1 Construction industry to drive demand for demolition tools 89
TABLE 13 POWER TOOLS MARKET FOR DEMOLITION TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 89
TABLE 14 POWER TOOLS MARKET FOR DEMOLITION TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 89
7.4 SAWING AND CUTTING TOOLS 90
7.4.1 JIGSAWS 90
7.4.1.1 Jigsaws are mainly used in wood and metal cutting applications 90
7.4.2 RECIPROCATING SAWS 90
7.4.2.1 Reciprocating saws can be for wide range of applications 90
7.4.3 CIRCULAR SAWS 90
7.4.3.1 Table saws and chop saws are common forms of circular saws 90
7.4.4 BAND SAWS 91
7.4.4.1 Band saws are preferred for stationary cutting applications 91
7.4.5 SHEARS AND NIBBLERS 91
7.4.5.1 Shears and nibblers are suitable for shape-complex cutting applications 91
TABLE 15 POWER TOOLS MARKET FOR SAWING & CUTTING TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 91
TABLE 16 POWER TOOLS MARKET FOR SAWING & CUTTING TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 91
7.5 MATERIAL REMOVAL TOOLS 92
7.5.1 SANDERS/POLISHERS/BUFFERS 92
7.5.1.1 Sanders, buffers, and polishers are used for removing surface imperfections 92
 
7.5.2 AIR SCALERS 92
7.5.2.1 Air scalers are useful tools for removing old paint, rust, and dirt from metal surfaces 92
7.5.3 GRINDERS 93
7.5.3.1 Angle grinders 93
7.5.3.1.1 Angle grinders are used for abrasive cutting and polishing applications 93
7.5.3.2 Die and straight grinders 93
7.5.3.2.1 Die and straight grinders are mostly used in construction sites, automobile repair shops, and metalworking shops 93
TABLE 17 POWER TOOLS MARKET FOR MATERIAL REMOVAL TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 93
TABLE 18 POWER TOOLS MARKET FOR MATERIAL REMOVAL TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 94
7.6 ROUTING TOOLS 94
7.6.1 ROUTERS/PLANERS/JOINERS 94
7.6.1.1 Palm routers and laminate trimmers 94
7.6.1.1.1 Rising demand for palm routers and laminate trimmers from woodworking professionals to fuel market growth 94
TABLE 19 POWER TOOLS MARKET FOR ROUTING TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 95
TABLE 20 POWER TOOLS MARKET FOR ROUTING TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 95
7.7 OTHERS 95
TABLE 21 POWER TOOLS MARKET FOR OTHER TOOLS, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 96
TABLE 22 POWER TOOLS MARKET FOR OTHER TOOLS, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 96
8 POWER TOOLS MARKET, BY MODE OF OPERATION 97
8.1 INTRODUCTION 98
FIGURE 35 POWER TOOLS MARKET, BY MODE OF OPERATION 98
FIGURE 36 ELECTRIC SEGMENT TO DOMINATE POWER TOOLS MARKET IN 2021 99
TABLE 23 POWER TOOLS MARKET, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 99
TABLE 24 POWER TOOLS MARKET, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 99
8.2 ELECTRIC 100
TABLE 25 ELECTRIC POWER TOOLS MARKET, BY TOOL TYPE,
2017–2020 (USD MILLION) 100
TABLE 26 ELECTRIC POWER TOOLS MARKET, BY TOOL TYPE,
2021–2026 (USD MILLION) 101
TABLE 27 ELECTRIC POWER TOOLS MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 101
TABLE 28 ELECTRIC POWER TOOLS MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 101
TABLE 29 ELECTRIC POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 102
TABLE 30 ELECTRIC POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 102
TABLE 31 ELECTRIC POWER TOOLS MARKET, BY REGION, 2017–2020 (USD MILLION) 102
TABLE 32 ELECTRIC POWER TOOLS MARKET, BY REGION, 2021–2026 (USD MILLION) 103
TABLE 33 ELECTRIC POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION,
2017–2020 (USD MILLION) 103
TABLE 34 ELECTRIC POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION,
2021–2026 (USD MILLION) 103
TABLE 35 ELECTRIC POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2017–2020 (USD MILLION) 104
TABLE 36 ELECTRIC POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION) 104
TABLE 37 ELECTRIC POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2017–2020 (USD MILLION) 104
TABLE 38 ELECTRIC POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2021–2026 (USD MILLION) 105
TABLE 39 ELECTRIC POWER TOOLS MARKET FOR ENERGY, BY REGION,
2017–2020 (USD MILLION) 105
TABLE 40 ELECTRIC POWER TOOLS MARKET FOR ENERGY, BY REGION,
2021–2026 (USD MILLION) 105
TABLE 41 ELECTRIC POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2017–2020 (USD MILLION) 106
TABLE 42 ELECTRIC POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2021–2026 (USD MILLION) 106
TABLE 43 ELECTRIC POWER TOOLS MARKET FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 106
TABLE 44 ELECTRIC POWER TOOLS MARKET FOR OTHERS, BY REGION,
2021–2026 (USD MILLION) 107
TABLE 45 ELECTRIC POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATIONS,
BY REGION, 2017–2020 (USD MILLION) 107
TABLE 46 ELECTRIC POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATIONS,
BY REGION, 2021–2026 (USD MILLION) 107
TABLE 47 ELECTRIC POWER TOOLS MARKET, BY TYPE, 2017–2020 (USD MILLION) 108
TABLE 48 ELECTRIC POWER TOOLS MARKET, BY TYPE, 2021–2026 (USD MILLION) 108
TABLE 49 CORDLESS ELECTRIC POWER TOOLS MARKET, BY REGION,
2017–2020 (USD MILLION) 108
TABLE 50 CORDLESS ELECTRIC POWER TOOLS MARKET, BY REGION,
2021–2026 (USD MILLION) 108
TABLE 51 CORDED ELECTRIC POWER TOOLS MARKET, BY REGION,
2017–2020 (USD MILLION) 109
TABLE 52 CORDED ELECTRIC POWER TOOLS MARKET, BY REGION,
2021–2026 (USD MILLION) 109
8.2.1 CORDED TOOLS 109
8.2.1.1 Corded electric tools held larger share of power tools market in 2020 109
 
8.2.2 CORDLESS TOOLS 110
8.2.2.1 Increasing adoption of cordless tools for residential/DIY applications is likely to drive market growth 110
8.3 PNEUMATIC 110
8.3.1 INCREASING DEMAND FOR PNEUMATIC POWER TOOLS IN HEAVY-DUTY APPLICATIONS TO SUPPORT MARKET GROWTH 110
TABLE 53 PNEUMATIC POWER TOOLS MARKET, BY TOOL TYPE,
2017–2020 (USD MILLION) 111
TABLE 54 PNEUMATIC POWER TOOLS MARKET, BY TOOL TYPE,
2021–2026 (USD MILLION) 111
TABLE 55 PNEUMATIC POWER TOOLS MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 111
TABLE 56 PNEUMATIC POWER TOOLS MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 112
TABLE 57 PNEUMATIC POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 112
TABLE 58 PNEUMATIC POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 112
TABLE 59 PNEUMATIC POWER TOOLS MARKET, BY REGION,
2017–2020 (USD MILLION) 113
TABLE 60 PNEUMATIC POWER TOOLS MARKET, BY REGION,
2021–2026 (USD MILLION) 113
TABLE 61 PNEUMATIC POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION, 2017–2020 (USD MILLION) 113
TABLE 62 PNEUMATIC POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION, 2021–2026 (USD MILLION) 114
TABLE 63 PNEUMATIC POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2017–2020 (USD MILLION) 114
TABLE 64 PNEUMATIC POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION) 114
TABLE 65 PNEUMATIC POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2017–2020 (USD MILLION) 115
TABLE 66 PNEUMATIC POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2021–2026 (USD MILLION) 115
TABLE 67 PNEUMATIC POWER TOOLS MARKET FOR ENERGY, BY REGION,
2017–2020 (USD MILLION) 115
TABLE 68 PNEUMATIC POWER TOOLS MARKET FOR ENERGY, BY REGION,
2021–2026 (USD MILLION) 116
TABLE 69 PNEUMATIC POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2017–2020 (USD MILLION) 116
TABLE 70 PNEUMATIC POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2021–2026 (USD MILLION) 116
TABLE 71 PNEUMATIC POWER TOOLS MARKET FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION,
2017–2020 (USD MILLION) 117
TABLE 72 PNEUMATIC POWER TOOLS MARKET FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 117
 
8.4 OTHERS 117
TABLE 73 OTHERS POWER TOOLS MARKET, BY TOOL TYPE, 2017–2020 (USD MILLION) 118
TABLE 74 OTHERS POWER TOOLS MARKET, BY TOOL TYPE, 2021–2026 (USD MILLION) 118
TABLE 75 OTHERS POWER TOOLS MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 118
TABLE 76 OTHERS POWER TOOLS MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 119
TABLE 77 OTHERS POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 119
TABLE 78 OTHERS POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 119
TABLE 79 OTHER POWER TOOLS MARKET, BY REGION, 2017–2020 (USD MILLION) 120
TABLE 80 OTHER POWER TOOLS MARKET, BY REGION, 2021–2026 (USD MILLION) 120
TABLE 81 OTHERS POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION,
2017–2020 (USD MILLION) 120
TABLE 82 OTHERS POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION,
2021–2026 (USD MILLION) 121
TABLE 83 OTHERS POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2017–2020 (USD MILLION) 121
TABLE 84 OTHERS POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION) 121
TABLE 85 OTHERS POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2017–2020 (USD MILLION) 122
TABLE 86 OTHERS POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2021–2026 (USD MILLION) 122
TABLE 87 OTHERS POWER TOOLS MARKET FOR ENERGY, BY REGION,
2017–2020 (USD MILLION) 122
TABLE 88 OTHERS POWER TOOLS MARKET FOR ENERGY, BY REGION,
2021–2026 (USD MILLION) 123
TABLE 89 OTHERS POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2017–2020 (USD MILLION) 123
TABLE 90 OTHERS POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2021–2026 (USD MILLION) 123
TABLE 91 OTHERS POWER TOOLS MARKET FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 124
TABLE 92 OTHERS POWER TOOLS MARKET FOR OTHER INDUSTRIAL/PROFESSIONAL APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 124
TABLE 93 OTHERS POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATIONS,
BY REGION, 2017–2020 (USD MILLION) 124
TABLE 94 OTHERS POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATIONS,
BY REGION, 2021–2026 (USD MILLION) 125
9 POWER TOOLS MARKET, BY APPLICATION 126
9.1 INTRODUCTION 127
FIGURE 37 POWER TOOLS MARKET, BY APPLICATION 127
FIGURE 38 RESIDENTIAL/DIY APPLICATION IS EXPECTED TO GROW AT HIGHER CAGR DURING FORECAST PERIOD 127
TABLE 95 POWER TOOLS MARKET, BY APPLICATION, 2017–2020 (USD MILLION) 128
TABLE 96 POWER TOOLS MARKET, BY APPLICATION, 2021–2026 (USD MILLION) 128
9.2 INDUSTRIAL/PROFESSIONAL 128
FIGURE 39 CONSTRUCTION APPLICATION SEGMENT TO HOLD LARGEST SIZE OF POWER TOOLS MARKET IN 2026 129
TABLE 97 POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 129
TABLE 98 POWER TOOLS MARKET, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 130
TABLE 99 POWER TOOLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION,
2017–2020 (USD MILLION) 130
TABLE 100 POWER TOOLS MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION,
2021–2026 (USD MILLION) 130
9.2.1 CONSTRUCTION 131
9.2.1.1 Construction applications held largest share of power tools market
in 2020 131
TABLE 101 POWER TOOLS MARKET FOR CONSTRUCTION, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 131
TABLE 102 POWER TOOLS MARKET FOR CONSTRUCTION, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 131
TABLE 103 POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION,
2017–2020 (USD MILLION) 132
TABLE 104 POWER TOOLS MARKET FOR CONSTRUCTION, BY REGION,
2021–2026 (USD MILLION) 132
9.2.2 AUTOMOTIVE 132
9.2.2.1 Increasing adoption of fastening tools in automotive industry to favor market growth 132
TABLE 105 POWER TOOLS MARKET FOR AUTOMOTIVE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 133
TABLE 106 POWER TOOLS MARKET FOR AUTOMOTIVE, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 133
TABLE 107 POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2017–2020 (USD MILLION) 133
TABLE 108 POWER TOOLS MARKET FOR AUTOMOTIVE, BY REGION,
2021–2026 (USD MILLION) 134
9.2.3 AEROSPACE 134
9.2.3.1 Rising adoption of material removal tools in aerospace industry to favor market growth 134
TABLE 109 POWER TOOLS MARKET FOR AEROSPACE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 135
TABLE 110 POWER TOOLS MARKET FOR AEROSPACE, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 135
TABLE 111 POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2017–2020 (USD MILLION) 135
TABLE 112 POWER TOOLS MARKET FOR AEROSPACE, BY REGION,
2021–2026 (USD MILLION) 135
9.2.4 ENERGY 136
9.2.4.1 Rise in number of wind energy projects to offer significant growth opportunities for market in coming years 136
TABLE 113 POWER TOOLS MARKET FOR ENERGY, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 136
TABLE 114 POWER TOOLS MARKET FOR ENERGY, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 137
TABLE 115 POWER TOOLS MARKET FOR ENERGY, BY REGION,
2017–2020 (USD MILLION) 137
TABLE 116 POWER TOOLS MARKET FOR ENERGY, BY REGION,
2021–2026 (USD MILLION) 137
9.2.5 SHIPBUILDING 138
9.2.5.1 APAC held largest size of power tools market for shipbuilding
in 2020 138
TABLE 117 POWER TOOLS MARKET FOR SHIPBUILDING, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 138
TABLE 118 POWER TOOLS MARKET FOR SHIPBUILDING, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 138
TABLE 119 POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2017–2020 (USD MILLION) 139
TABLE 120 POWER TOOLS MARKET FOR SHIPBUILDING, BY REGION,
2021–2026 (USD MILLION) 139
9.2.6 OTHERS 139
TABLE 121 POWER TOOLS MARKET FOR OTHERS, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 140
TABLE 122 POWER TOOLS MARKET FOR OTHERS, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 140
TABLE 123 POWER TOOLS MARKET FOR OTHERS, BY REGION,
2017–2020 (USD MILLION) 141
TABLE 124 POWER TOOLS MARKET FOR OTHERS, BY REGION,
2021–2026 (USD MILLION) 141
9.3 RESIDENTIAL/DIY 141
9.3.1 RISING ADOPTION OF CORDLESS POWER TOOLS FROM HOMEOWNERS IS DRIVING MARKET GROWTH 141
TABLE 125 POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2017–2020 (USD MILLION) 142
TABLE 126 POWER TOOLS MARKET FOR RESIDENTIAL/DIY APPLICATIONS, BY REGION, 2021–2026 (USD MILLION) 142
10 POWER TOOLS MARKET, BY GEOGRAPHY 143
10.1 INTRODUCTION 144
FIGURE 40 POWER TOOLS MARKET, BY REGION 144
FIGURE 41 GEOGRAPHIC SNAPSHOT: POWER TOOLS MARKET 145
TABLE 127 POWER TOOLS MARKET, BY REGION, 2017–2020 (USD MILLION) 145
TABLE 128 POWER TOOLS MARKET, BY REGION, 2021–2026 (USD MILLION) 145
10.2 NORTH AMERICA 146
10.2.1 IMPACT OF COVID-19 ON NORTH AMERICAN MARKET 146
FIGURE 42 SNAPSHOT: NORTH AMERICAN POWER TOOLS MARKET 147
FIGURE 43 US TO HOLD LARGEST SHARE OF NORTH AMERICAN POWER TOOLS
MARKET IN 2021 148
TABLE 129 POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION, 2017–2020 (USD MILLION) 148
TABLE 130 POWER TOOLS MARKET IN NORTH AMERICA, BY MODE OF OPERATION, 2021–2026 (USD MILLION) 148
TABLE 131 POWER TOOLS MARKET IN NORTH AMERICA, BY APPLICATION,
2017–2020 (USD MILLION) 149
TABLE 132 POWER TOOLS MARKET IN NORTH AMERICA, BY APPLICATION,
2021–2026 (USD MILLION) 149
TABLE 133 POWER TOOLS MARKET IN NORTH AMERICA,
BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 149
TABLE 134 POWER TOOLS MARKET IN NORTH AMERICA,
BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 150
TABLE 135 POWER TOOLS MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD MILLION) 150
TABLE 136 POWER TOOLS MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD MILLION) 150
10.2.2 US 151
10.2.2.1 US held largest share of power tools market in 2020 151
10.2.3 CANADA 151
10.2.3.1 Growing adoption of cordless power tools 151
10.2.4 MEXICO 151
10.2.4.1 Rapid adoption of power tools in construction industry 151
10.3 EUROPE 152
10.3.1 IMPACT OF COVID-19 ON EUROPEAN MARKET 152
FIGURE 44 SNAPSHOT: EUROPEAN POWER TOOLS MARKET 153
FIGURE 45 GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 154
TABLE 137 POWER TOOLS MARKET IN EUROPE, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 154
TABLE 138 POWER TOOLS MARKET IN EUROPE, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 154
TABLE 139 POWER TOOLS MARKET IN EUROPE, BY APPLICATION,
2017–2020 (USD MILLION) 155
TABLE 140 POWER TOOLS MARKET IN EUROPE, BY APPLICATION,
2021–2026 (USD MILLION) 155
TABLE 141 POWER TOOLS MARKET IN EUROPE, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 155
TABLE 142 POWER TOOLS MARKET IN EUROPE, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 156
TABLE 143 POWER TOOLS MARKET IN EUROPE, BY COUNTRY,
2017–2020 (USD MILLION) 156
TABLE 144 POWER TOOLS MARKET IN EUROPE, BY COUNTRY,
2021–2026 (USD MILLION) 156
10.3.2 GERMANY 157
10.3.2.1 Germany to hold largest share of European power tool market 157
10.3.3 FRANCE 157
10.3.3.1 Presence of leading aircraft manufacturing companies 157
 
10.3.4 UK 157
10.3.4.1 Growing adoption of cordless power tools by residential and non-residential users 157
10.3.5 ITALY 158
10.3.5.1 Increasing demand for power tools in automotive industry 158
10.3.6 REST OF EUROPE 158
10.4 APAC 159
10.4.1 IMPACT OF COVID-19 ON APAC MARKET 159
FIGURE 46 SNAPSHOT: APAC POWER TOOLS MARKET 160
FIGURE 47 CHINA TO DOMINATE APAC POWER TOOLS MARKET IN 2021 161
TABLE 145 POWER TOOLS MARKET IN APAC, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 161
TABLE 146 POWER TOOLS MARKET IN APAC, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 161
TABLE 147 POWER TOOLS MARKET IN APAC, BY APPLICATION,
2017–2020 (USD MILLION) 162
TABLE 148 POWER TOOLS MARKET IN APAC, BY APPLICATION,
2021–2026 (USD MILLION) 162
TABLE 149 POWER TOOLS MARKET IN APAC, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 162
TABLE 150 POWER TOOLS MARKET IN APAC, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 163
TABLE 151 POWER TOOLS MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION) 163
TABLE 152 POWER TOOLS MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION) 163
10.4.2 CHINA 164
10.4.2.1 China to hold largest share of APAC market 164
10.4.3 JAPAN 164
10.4.3.1 Growing adoption of battery-powered power tools 164
10.4.4 INDIA 164
10.4.4.1 Indian power tools market to grow at highest CAGR 164
10.4.5 SOUTH KOREA 165
10.4.5.1 Growing adoption of power tools in shipbuilding industry 165
10.4.6 REST OF APAC 165
10.5 ROW 165
10.5.1 IMPACT OF COVID-19 ON ROW 166
FIGURE 48 SOUTH AMERICA TO DOMINATE POWER TOOLS MARKET DURING FORECAST PERIOD 166
TABLE 153 POWER TOOLS MARKET IN ROW, BY MODE OF OPERATION,
2017–2020 (USD MILLION) 166
TABLE 154 POWER TOOLS MARKET IN ROW, BY MODE OF OPERATION,
2021–2026 (USD MILLION) 167
TABLE 155 POWER TOOLS MARKET IN ROW, BY APPLICATION,
2017–2020 (USD MILLION) 167
TABLE 156 POWER TOOLS MARKET IN ROW, BY APPLICATION,
2021–2026 (USD MILLION) 167
TABLE 157 POWER TOOLS MARKET IN ROW, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2017–2020 (USD MILLION) 167
TABLE 158 POWER TOOLS MARKET IN ROW, BY INDUSTRIAL/PROFESSIONAL APPLICATION, 2021–2026 (USD MILLION) 168
TABLE 159 POWER TOOLS MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION) 168
TABLE 160 POWER TOOLS MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION) 168
TABLE 161 POWER TOOLS MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY,
2017–2020 (USD MILLION) 169
TABLE 162 POWER TOOLS MARKET IN MIDDLE EAST & AFRICA, BY COUNTRY,
2021–2026 (USD MILLION) 169
10.5.2 SOUTH AMERICA 170
10.5.2.1 Brazil and Argentina are major markets in South America 170
10.5.3 MIDDLE EAST AND AFRICA 170
10.5.3.1 UAE, Saudi Arabia, and South Africa to be key markets in South America 170
11 COMPETITIVE LANDSCAPE 171
11.1 INTRODUCTION 171
TABLE 163 KEY DEVELOPMENTS IN POWER TOOLS MARKET (2020–2021) 171
11.2 REVENUE ANALYSIS OF TOP FIVE COMPANIES 173
FIGURE 49 POWER TOOLS MARKET: REVENUE ANALYSIS (2020) 173
11.3 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2020 173
TABLE 164 POWER TOOLS MARKET: DEGREE OF COMPETITION 174
11.4 COMPANY EVALUATION QUADRANT, 2020 176
11.4.1 STAR 176
11.4.2 EMERGING LEADER 176
11.4.3 PERVASIVE 176
11.4.4 PARTICIPANT 176
FIGURE 50 POWER TOOLS MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2020 177
11.5 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020 177
11.5.1 PROGRESSIVE COMPANY 177
11.5.2 RESPONSIVE COMPANY 177
11.5.3 DYNAMIC COMPANY 178
11.5.4 STARTING BLOCK 178
FIGURE 51 POWER TOOLS MARKET (GLOBAL): SME EVALUATION QUADRANT, 2020 178
11.5.5 POWER TOOLS MARKET: COMPANY FOOTPRINT 179
TABLE 165 COMPANY TOOL TYPE FOOTPRINT 179
TABLE 166 COMPANY APPLICATION FOOTPRINT 180
TABLE 167 COMPANY REGION FOOTPRINT 181
TABLE 168 COMPANY FOOTPRINT 182
11.6 COMPETITIVE SCENARIO AND TRENDS 183
11.6.1 PRODUCT LAUNCHES 183
TABLE 169 POWER TOOLS MARKET: PRODUCT LAUNCHES, JANUARY 2020–
OCTOBER 2021 183
11.6.2 DEALS 186
TABLE 170 POWER TOOLS MARKET: DEALS, FEBRUARY 2020 – OCTOBER 2021 186
12 COMPANY PROFILES 187
(Business overview, Products offered, Recent Developments, MNM view)*
12.1 KEY PLAYERS 187
12.1.1 ANDREAS STIHL AG & CO. KG 187
TABLE 171 ANDREAS STIHL AG & CO. KG: BUSINESS OVERVIEW 187
FIGURE 52 ANDREAS STIHL AG & CO. KG: COMPANY SNAPSHOT 187
TABLE 172 ANDREAS STIHL AG & CO. KG: PRODUCT OFFERING 188
12.1.2 APEX TOOL GROUP, LLC 189
TABLE 173 APEX TOOL GROUP, LLC: BUSINESS OVERVIEW 189
TABLE 174 APEX TOOL GROUP, LLC: PRODUCT OFFERING 189
12.1.3 ATLAS COPCO AB 191
TABLE 175 ATLAS COPCO AB: BUSINESS OVERVIEW 191
FIGURE 53 ATLAS COPCO AB: COMPANY SNAPSHOT 192
TABLE 176 ATLAS COPCO AB: PRODUCT OFFERING 192
TABLE 177 ATLAS COPCO AB: PRODUCT LAUNCHES AND DEVELOPMENTS 193
12.1.4 ROBERT BOSCH GMBH 194
TABLE 178 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 194
FIGURE 54 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 195
TABLE 179 ROBERT BOSCH GMBH: PRODUCT OFFERING 195
TABLE 180 ROBERT BOSCH GMBH: PRODUCT LAUNCHES AND DEVELOPMENTS 196
12.1.5 HILTI CORPORATION 198
TABLE 181 HILTI CORPORATION: BUSINESS OVERVIEW 198
FIGURE 55 HILTI CORPORATION: COMPANY SNAPSHOT 199
TABLE 182 HILTI CORPORATION: PRODUCT OFFERING 199
TABLE 183 HILTI CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 200
12.1.6 STANLEY BLACK & DECKER, INC. 201
TABLE 184 STANLEY BLACK & DECKER, INC.: BUSINESS OVERVIEW 201
FIGURE 56 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT 202
TABLE 185 STANLEY BLACK & DECKER, INC.: PRODUCT OFFERING 202
TABLE 186 STANLEY BLACK & DECKER, INC.: DEALS 203
TABLE 187 STANLEY BLACK & DECKER, INC.: PRODUCT LAUNCHES AND DEVELOPMENTS 204
12.1.7 TECHTRONIC INDUSTRIES CO. LTD. 205
TABLE 188 TECHTRONIC INDUSTRIES CO. LTD.: BUSINESS OVERVIEW 205
FIGURE 57 TECHTRONIC INDUSTRIES CO. LTD.: COMPANY SNAPSHOT 206
TABLE 189 TECHTRONIC INDUSTRIES CO. LTD.: PRODUCT OFFERING 206
12.1.8 MAKITA CORPORATION 208
TABLE 190 MAKITA CORPORATION: BUSINESS OVERVIEW 208
FIGURE 58 MAKITA CORPORATION: COMPANY SNAPSHOT 209
TABLE 191 MAKITA CORPORATION: PRODUCT OFFERING 209
TABLE 192 MAKITA CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 210
12.1.9 INGERSOLL RAND 212
TABLE 193 INGERSOLL RAND: BUSINESS OVERVIEW 212
FIGURE 59 INGERSOLL RAND: COMPANY SNAPSHOT 213
TABLE 194 INGERSOLL RAND: PRODUCT OFFERING 213
TABLE 195 INGERSOLL RAND: DEALS 214
12.1.10 SNAP-ON INCORPORATED 215
TABLE 196 SNAP-ON INCORPORATED: BUSINESS OVERVIEW 215
FIGURE 60 SNAP-ON INCORPORATED: COMPANY SNAPSHOT 216
TABLE 197 SNAP-ON INCORPORATED.: PRODUCT OFFERING 216
TABLE 198 SNAP-ON INCORPORATED: PRODUCT LAUNCHES AND DEVELOPMENTS 217
12.1.11 KOKI HOLDING CO., LTD. 218
TABLE 199 KOKI HOLDING CO., LTD.: BUSINESS OVERVIEW 218
TABLE 200 KOKI HOLDING CO., LTD.: PRODUCT OFFERING 218
12.1.12 YAMABIKO CORPORATION 219
TABLE 201 YAMABIKO CORPORATION: BUSINESS OVERVIEW 219
FIGURE 61 YAMABIKO CORPORATION: COMPANY SNAPSHOT 220
TABLE 202 YAMABIKO CORPORATION: PRODUCT OFFERING 220
12.1.13 PANASONIC ELECTRIC WORKS EUROPE AG 221
TABLE 203 PANASONIC ELECTRIC WORKS EUROPE AG: BUSINESS OVERVIEW 221
TABLE 204 PANASONIC ELECTRIC WORKS EUROPE AG: PRODUCT OFFERING 221
12.1.14 KEN HOLDING CO., LTD. 222
TABLE 205 KEN HOLDING CO., LTD.: BUSINESS OVERVIEW 222
TABLE 206 KEN HOLDING CO., LTD: PRODUCT OFFERING 222
12.1.15 DYNABRADE 223
TABLE 207 DYNABRADE POWER TOOLS: BUSINESS OVERVIEW 223
TABLE 208 DYNABRADE POWER TOOLS: PRODUCT OFFERING 223
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
12.2 OTHER PLAYERS 224
12.2.1 AIMCO 224
12.2.2 C. & E. FEIN GMBH 224
12.2.3 CHERVON (CHINA) TRADING CO. LTD. 225
12.2.4 CS UNITEC 225
12.2.5 FERM INTERNATIONAL B.V. 226
12.2.6 INTERSKOL 226
12.2.7 POSITEC TOOL CORPORATION 227
12.2.8 RIDIGID, INC. 228
12.2.9 FESTOOL GROUP GMBH & CO. KG 228
12.2.10 URYU SEISAKU, LTD. 229
 
13 ADJACENT & RELATED MARKETS 230
13.1 INTRODUCTION 230
13.2 LIMITATIONS 230
13.3 PRESSURE WASHER MARKET, BY WATER OPERATION 231
13.3.1 INTRODUCTION 231
FIGURE 62 PRESSURE WASHER MARKET, BY WATER OPERATION 231
TABLE 209 PRESSURE WASHER MARKET, BY WATER OPERATION,
2017–2020 (USD MILLION) 231
TABLE 210 PRESSURE WASHER MARKET, BY WATER OPERATION,
2021–2026 (USD MILLION) 231
13.3.2 HOT WATER 232
13.3.2.1 Hot water segment holds larger share of pressure washer market and is estimated to continue to do so during forecast period 232
TABLE 211 HOT WATER PRESSURE WASHER MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 232
TABLE 212 HOT WATER PRESSURE WASHER MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 232
13.3.3 COLD WATER 233
13.3.3.1 Rising adoption of cold water pressure washers in residential applications 233
TABLE 213 COLD WATER PRESSURE WASHER MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 233
TABLE 214 COLD WATER PRESSURE WASHER MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 233
14 APPENDIX 234
14.1 INSIGHTS OF INDUSTRY EXPERTS 234
14.2 DISCUSSION GUIDE 235
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 238
14.4 AVAILABLE CUSTOMIZATIONS 240
14.5 RELATED REPORTS 240
14.6 AUTHOR DETAILS 241

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

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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