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Underfloor Heating Market with COVID-19 Impact Analysis by Offering (Hardware, Services), Product Type and Component (Hydronic, Electric), Installatio...

Publisher:        MarketsandMarkets

# of Pages:        215

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1 User License $4,950

Publication Date:  March, 2022

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1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 DEFINITION 22
1.2.1 INCLUSIONS AND EXCLUSIONS 23
1.3 STUDY SCOPE 23
1.3.1 MARKETS COVERED 23
FIGURE 1 UNDERFLOOR HEATING MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 24
FIGURE 2 UNDERFLOOR HEATING MARKET: GEOGRAPHIC SEGMENTATION 24
1.3.3 YEARS CONSIDERED 24
1.4 CURRENCY 25
1.5 LIMITATIONS 25
1.6 STAKEHOLDERS 25
1.7 SUMMARY OF CHANGES 25
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 3 UNDERFLOOR HEATING MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY AND PRIMARY RESEARCH 29
2.1.2 SECONDARY DATA 30
2.1.2.1 Major secondary sources 30
2.1.2.2 Key data from secondary sources 30
2.1.3 PRIMARY DATA 31
2.1.3.1 Breakdown of primaries 31
2.1.3.2 Key data from primary sources 31
2.1.3.3 Key industry insights 32
2.2 MARKET SIZE ESTIMATION 32
2.2.1 BOTTOM-UP APPROACH 33
2.2.1.1 Approach for arriving at market size through bottom-up analysis (demand side) 33
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 33
2.2.2 TOP-DOWN APPROACH 33
2.2.2.1 Approach for arriving at market size through top-down analysis (supply side) 34
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 34
FIGURE 6 UNDERFLOOR HEATING MARKET: SUPPLY-SIDE APPROACH 35
 
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 36
FIGURE 7 DATA TRIANGULATION 36
2.4 RESEARCH ASSUMPTIONS 37
2.5 RISK ASSESSMENT 37
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 UNDERFLOOR HEATING MARKET SIZE, 2018–2027 (USD MILLION) 38
FIGURE 9 HYDRONIC UNDERFLOOR HEATING TO HOLD LARGER MARKET SHARE IN 2027 39
FIGURE 10 HARDWARE TO HOLD LARGEST SHARE OF UNDERFLOOR HEATING MARKET, BY OFFERING, IN 2027 39
FIGURE 11 NEW INSTALLATIONS TO ACCOUNT FOR LARGEST SHARE OF UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, IN 2027 40
FIGURE 12 RESIDENTIAL TO BE FASTEST-GROWING APPLICATION DURING FORECAST PERIOD 41
FIGURE 13 EUROPE HELD LARGEST SHARE OF UNDERFLOOR HEATING MARKET IN 2022 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN UNDERFLOOR HEATING MARKET 43
FIGURE 14 GROWING DEMAND FOR COST-EFFECTIVE HEATING SYSTEMS TO DRIVE MARKET FOR UNDERFLOOR HEATING 43
4.2 UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE 43
FIGURE 15 HYDRONIC UNDERFLOOR HEATING TO HOLD LARGER MARKET SHARE IN 2027 43
4.3 UNDERFLOOR HEATING MARKET, BY OFFERING 44
FIGURE 16 HARDWARE TO HOLD LARGER MARKET SHARE IN 2027 44
4.4 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE 44
FIGURE 17 NEW INSTALLATIONS TO HAVE HIGHER OPPORTUNITIES DURING FORECAST PERIOD 44
4.5 UNDERFLOOR HEATING IN EUROPE, BY COUNTRY AND APPLICATION 45
FIGURE 18 UK AND RESIDENTIAL APPLICATIONS TO ACCOUNT FOR LARGEST MARKET SHARE IN EUROPE IN 2027 45
4.6 UNDERFLOOR HEATING MARKET, BY COUNTRY 45
FIGURE 19 US TO ACCOUNT FOR LARGEST SHARE OF GLOBAL UNDERFLOOR HEATING MARKET IN 2027 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 20 UNDERFLOOR HEATING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 46
5.2.1 DRIVERS 47
5.2.1.1 Rising demand for cost-effective heating solutions 47
5.2.1.2 Government support and incentives for adoption of underfloor heating solutions 47
5.2.1.3 Stringent building codes 48
5.2.1.4 High level of comfort and flexibility 48
FIGURE 21 UNDERFLOOR HEATING MARKET: IMPACT ANALYSIS OF DRIVERS 48
5.2.2 RESTRAINTS 49
5.2.2.1 Speed and responsiveness issues 49
FIGURE 22 UNDERFLOOR HEATING MARKET: IMPACT ANALYSIS OF RESTRAINTS 49
5.2.3 OPPORTUNITIES 49
5.2.3.1 Technological advancements and digitalization in underfloor heating 49
5.2.3.2 Growing environmental concerns and increasing number of efficiency standards 50
5.2.3.3 IoT-enabled underfloor heating systems 50
FIGURE 23 UNDERFLOOR HEATING MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 51
5.2.4 CHALLENGES 51
5.2.4.1 Floor and setup issues during installation 51
FIGURE 24 UNDERFLOOR HEATING MARKET: IMPACT ANALYSIS OF CHALLENGES 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 25 RAW MATERIALS AND COMPONENTS SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS COLLECTIVELY ADD MAJOR VALUE TO FINAL PRODUCT 53
5.4 TECHNOLOGY ANALYSIS 54
5.4.1 DIGITALIZATION AND INTEGRATION OF ADVANCED TECHNOLOGIES SUCH AS ARTIFICIAL INTELLIGENCE INTO UNDERFLOOR HEATING 54
5.4.2 IMPACT OF IOT ON UNDERFLOOR HEATING MARKET 54
5.5 ECOSYSTEM ANALYSIS 55
FIGURE 26 UNDERFLOOR HEATING MARKET: ECOSYSTEM 55
TABLE 2 UNDERFLOOR HEATING MARKET: ECOSYSTEM 55
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS 56
FIGURE 27 REVENUE SHIFT FOR UNDERFLOOR HEATING MARKET 56
5.7 CASE STUDIES 57
5.7.1 NDC PLUMBING AND HEATING INSTALL NU-HEAT SOLUTION FOR NEWLY BUILT LUXURY HOMES 57
5.7.2 WARMUP INSTALLED ELECTRIC UNDERFLOOR HEATING AT SEVENOAKS BOARDING SCHOOL 57
5.7.3 WARMUP PROVIDED HYBRID UNDERFLOOR HEATING SYSTEM FOR RESIDENTIAL REDEVELOPMENT PROJECT 57
5.8 PRICING ANALYSIS 57
TABLE 3 AVERAGE SELLING PRICES OF COMPONENTS OF UNDERFLOOR HEATING SYSTEMS OFFERED BY TOP COMPANIES, 2021 57
TABLE 4 INDICATIVE PRICES OF COMPONENTS OF UNDERFLOOR HEATING SYSTEMS 58
5.8.1 AVERAGE SELLING PRICES OF KEY PLAYERS, BY COMPONENTS 58
FIGURE 28 AVERAGE SELLING PRICES OF KEY PLAYERS FOR COMPONENTS 58
TABLE 5 AVERAGE SELLING PRICES OF KEY PLAYERS FOR COMPONENTS (USD) 59
5.9 PORTER’S FIVE FORCES ANALYSIS 59
TABLE 6 IMPACT OF PORTER’S FIVE FORCES ON UNDERFLOOR HEATING SYSTEM MARKET, 2021 60
5.10 TRADE ANALYSIS 60
FIGURE 29 IMPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION) 60
FIGURE 30 EXPORTS DATA, BY COUNTRY, 2016–2020 (USD MILLION) 61
5.11 PATENTS ANALYSIS 62
FIGURE 31 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021 62
FIGURE 32 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 62
TABLE 7 TOP 20 PATENT OWNERS IN LAST 10 YEARS 62
TABLE 8 LIST OF FEW PATENTS IN UNDERFLOOR HEATING MARKET, 2020–2021 63
5.12 KEY CONFERENCES & EVENTS IN 2022–2023 64
TABLE 9 UNDERFLOOR HEATING MARKET: DETAILED LIST OF CONFERENCES & EVENTS 64
5.12.1 REGULATIONS AND STANDARDS 65
TABLE 10 REGULATIONS AND STANDARDS FOR UNDERFLOOR HEATING 65
5.12.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
TABLE 11 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 65
TABLE 12 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 13 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
TABLE 14 REST OF WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 66
6 TYPES OF FLOOR COVERINGS 67
6.1 INTRODUCTION 67
TABLE 15 COMPARISON OF TYPES OF FLOOR COVERINGS 67
FIGURE 33 FLOOR TEMPERATURE REQUIRED FOR HIGHER OUTPUT FROM DIFFERENT FLOOR COVERINGS 68
6.2 TILES AND STONES 68
TABLE 16 ADVANTAGES OF DIFFERENT TYPES OF FLOOR COVERINGS 68
6.3 WOOD FLOORING 69
TABLE 17 ADVANTAGES OF WOODEN FLOORING 69
6.4 LAMINATE FLOORING 69
6.5 VINYL FLOORING 69
6.6 RUBBER AND CARPET FLOORING 70
7 UNDERFLOOR HEATING MARKET, BY OFFERING 71
7.1 INTRODUCTION 72
FIGURE 34 HARDWARE SEGMENT TO HOLD LARGER SIZE OF UNDERFLOOR HEATING MARKET, BY OFFERING, IN 2027 72
TABLE 18 UNDERFLOOR HEATING MARKET, BY OFFERING, 2018–2021 (USD MILLION) 72
TABLE 19 UNDERFLOOR HEATING MARKET, BY OFFERING, 2022–2027 (USD MILLION) 72
 
7.2 HARDWARE 73
7.2.1 HARDWARE FOR WET/HYDRONIC SYSTEMS TO DRIVE MARKET GROWTH 73
TABLE 20 UNDERFLOOR HEATING MARKET, FOR HARDWARE, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 73
TABLE 21 UNDERFLOOR HEATING MARKET FOR HARDWARE, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 73
7.3 SERVICES 74
7.3.1 PRODUCT-CENTRIC SERVICE SOLUTIONS OFFERED BY SERVICE PROVIDERS TO DRIVE MARKET GROWTH 74
TABLE 22 UNDERFLOOR HEATING MARKET, FOR SERVICES, BY PRODUCT TYPE 2018–2021 (USD MILLION) 74
TABLE 23 UNDERFLOOR HEATING MARKET, FOR SERVICES, BY PRODUCT TYPE 2022–2027 (USD MILLION) 74
8 UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE AND COMPONENT 75
8.1 INTRODUCTION 76
FIGURE 35 MARKET FOR HYDRONIC UNDERFLOOR HEATING TO LEAD THROUGHOUT FORECAST PERIOD 76
TABLE 24 UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 76
TABLE 25 UNDERFLOOR HEATING MARKET, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 77
8.2 HYDRONIC UNDERFLOOR HEATING (WET SYSTEM) 77
FIGURE 36 MANIFOLDS AND VALVES TO HOLD LARGEST SHARE OF HYDRONIC UNDERFLOOR HEATING HARDWARE MARKET IN 2022 77
TABLE 26 HYDRONIC UNDERFLOOR HEATING MARKET FOR HARDWARE, BY COMPONENTS, 2018–2021 (USD MILLION) 78
TABLE 27 HYDRONIC UNDERFLOOR HEATING MARKET FOR HARDWARE, BY COMPONENTS, 2022–2027 (USD MILLION) 78
TABLE 28 HYDRONIC UNDERFLOOR HEATING MARKET, BY INSTALLATION, 2018–2021 (USD MILLION) 78
TABLE 29 HYDRONIC UNDERFLOOR HEATING MARKET, BY INSTALLATION, 2022–2027 (USD MILLION) 79
TABLE 30 HYDRONIC UNDERFLOOR HEATING MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 79
TABLE 31 HYDRONIC UNDERFLOOR HEATING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 79
TABLE 32 HYDRONIC UNDERFLOOR HEATING MARKET, BY REGION, 2018–2021 (USD MILLION) 80
TABLE 33 HYDRONIC UNDERFLOOR HEATING MARKET, BY REGION, 2022–2027 (USD MILLION) 80
TABLE 34 HYDRONIC UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 80
TABLE 35 HYDRONIC UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 81
TABLE 36 HYDRONIC UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 37 HYDRONIC UNDERFLOOR HEATING MARKET, FOR COMMERCIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 81
TABLE 38 HYDRONIC UNDERFLOOR HEATING MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 82
TABLE 39 HYDRONIC UNDERFLOOR HEATING MARKET, FOR INDUSTRIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 40 HYDRONIC UNDERFLOOR HEATING MARKET, FOR HEALTHCARE APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 82
TABLE 41 HYDRONIC UNDERFLOOR HEATING MARKET, FOR HEALTHCARE APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 83
TABLE 42 HYDRONIC UNDERFLOOR HEATING MARKET, FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 83
TABLE 43 HYDRONIC UNDERFLOOR HEATING MARKET, FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 83
TABLE 44 HYDRONIC UNDERFLOOR HEATING MARKET, FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 84
TABLE 45 HYDRONIC UNDERFLOOR HEATING MARKET, FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 84
8.2.1 HEATING PIPES 84
8.2.1.1 Heating pipes are installed within floor structure 84
8.2.2 THERMOSTATS AND SENSORS 85
8.2.2.1 Sensors and thermostats measure temperature to control flow of heating medium 85
8.2.3 THERMAL ACTUATORS 85
8.2.3.1 Thermal actuators are used to sense temperature 85
8.2.4 ZONE VALVES 85
8.2.4.1 Zone valves are used to control heating operations of different zones of buildings 85
8.2.5 WIRING CENTRES 85
8.2.5.1 Wiring centers operate as hubs to control heating systems and thermostats 85
8.2.6 MANIFOLDS AND VALVES 85
8.2.6.1 Manifolds help control temperature in different rooms by opening and closing valves according to requirement 85
8.3 ELECTRIC UNDERFLOOR HEATING (DRY SYSTEM) 86
FIGURE 37 HEATING MATS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 86
TABLE 46 ELECTRIC UNDERFLOOR HEATING MARKET FOR HARDWARE, BY COMPONENT, 2018–2021 (USD MILLION) 86
TABLE 47 ELECTRIC UNDERFLOOR HEATING MARKET FOR HARDWARE, BY COMPONENT, 2022–2027 (USD MILLION) 87
TABLE 48 ELECTRIC UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION) 87
TABLE 49 ELECTRIC UNDERFLOOR HEATING MARKET, BY INSTALLATION, 2022–2027 (USD MILLION) 87
TABLE 50 ELECTRIC UNDERFLOOR HEATING MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 87
TABLE 51 ELECTRIC UNDERFLOOR HEATING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 88
TABLE 52 ELECTRIC UNDERFLOOR HEATING MARKET, BY REGION, 2018–2021 (USD MILLION) 88
TABLE 53 ELECTRIC UNDERFLOOR HEATING MARKET, BY REGION, 2022–2027 (USD MILLION) 88
TABLE 54 ELECTRIC UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 89
TABLE 55 ELECTRIC UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 89
TABLE 56 ELECTRIC UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 89
TABLE 57 ELECTRIC UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 90
TABLE 58 ELECTRIC UNDERFLOOR HEATING MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 90
TABLE 59 ELECTRIC UNDERFLOOR HEATING MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 90
TABLE 60 ELECTRIC UNDERFLOOR HEATING MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 91
TABLE 61 ELECTRIC UNDERFLOOR HEATING MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 91
TABLE 62 ELECTRIC UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 91
TABLE 63 ELECTRIC UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 64 ELECTRIC UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 65 ELECTRIC UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 92
8.3.1 HEATING CABLE 93
8.3.1.1 Heating cables are either laid in screed or beneath tiled floors 93
8.3.2 HEATING MATS 93
8.3.2.1 Heating mats find importance in DIY-based underfloor heating systems 93
8.3.3 THERMOSTATS AND SENSORS 93
8.3.3.1 Sensors and thermostats are used to monitor and maintain floor temperature at highest efficiency 93
9 UNDERFLOOR HEATING MARKET, BY SUBSYSTEM 94
9.1 INTRODUCTION 94
FIGURE 38 UNDERFLOOR HEATING MARKET FOR HEATING SYSTEMS HELD LARGEST SHARE IN 2021 94
9.2 HEATING SYSTEMS 94
9.2.1 PIPES AND CABLES 94
9.2.1.1 Pipes and cables required to transfer heat to floor 94
 
9.2.2 DISTRIBUTION UNITS 95
9.2.2.1 Distribution units are responsible for displacing hot working fluid from heating system to heat exchangers and back 95
9.3 CONTROL SYSTEMS 95
9.3.1 SENSORS 95
9.3.1.1 Sensors are used to measure temperature of underfloor heating 95
9.3.2 CONTROL INTERFACE 95
9.3.2.1 Control interfaces are centrally located panels that control thermostats in the heating system 95
10 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE 96
10.1 INTRODUCTION 97
FIGURE 39 NEW INSTALLATIONS TO DOMINATE UNDERFLOOR HEATING MARKET FROM 2022 TO 2027 97
TABLE 66 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, 2018–2021 (USD MILLION) 97
TABLE 67 UNDERFLOOR HEATING MARKET, BY INSTALLATION TYPE, 2022–2027 (USD MILLION) 97
10.2 NEW INSTALLATIONS/NEW BUILDING 98
10.2.1 HIGHER ADOPTION OF UNDERFLOOR HEATING SYSTEMS IN NEW INFRASTRUCTURES DUE TO ENERGY EFFICIENCY STANDARDS LAID BY GOVERNMENT 98
TABLE 68 UNDERFLOOR HEATING MARKET FOR NEW INSTALLATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 98
TABLE 69 UNDERFLOOR HEATING MARKET FOR NEW INSTALLATION, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 99
10.3 RETROFIT INSTALLATIONS/EXISTING BUILDING 99
10.3.1 HIGH ADOPTION OF HYDRONIC UNDERFLOOR HEATING SYSTEMS IN COMPLETE RENOVATION PROJECTS 99
TABLE 70 UNDERFLOOR HEATING MARKET FOR RETROFIT INSTALLATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 99
TABLE 71 UNDERFLOOR HEATING MARKET FOR RETROFIT INSTALLATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 100
11 CONNECTION TYPES OF UNDERFLOOR HEATING 101
11.1 INTRODUCTION 101
11.2 CONNECTED 101
11.2.1 NEW TECHNOLOGY INTEGRATION HAVE IMPROVED FUNCTIONALITY OF UNDERFLOOR HEATING SYSTEMS 101
11.3 NON-CONNECTED 101
11.3.1 MOST UNDERFLOOR HEATING SYSTEMS ARE NON-CONNECTED AND MAJORLY PREFERRED IN VARIOUS APPLICATIONS 101
 
12 UNDERFLOOR HEATING MARKET, BY APPLICATION 102
12.1 INTRODUCTION 103
FIGURE 40 RESIDENTIAL APPLICATIONS TO DOMINATE UNDERFLOOR HEATING MARKET DURING FORECAST PERIOD 103
TABLE 72 UNDERFLOOR HEATING MARKET, BY APPLICATION, 2018–2021 (USD MILLION) 103
TABLE 73 UNDERFLOOR HEATING MARKET, BY APPLICATION, 2022–2027 (USD MILLION) 104
12.2 RESIDENTIAL 104
12.2.1 SINGLE-FAMILY HOUSE 105
12.2.1.1 Water-based underfloor heating and cooling systems are preferred for single-family houses 105
12.2.2 APARTMENT 105
12.2.2.1 Underfloor heating is increasingly being used in new buildings 105
TABLE 74 UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 105
TABLE 75 UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 105
TABLE 76 UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 106
TABLE 77 UNDERFLOOR HEATING MARKET FOR RESIDENTIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 106
12.3 COMMERICAL 107
TABLE 78 UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 107
TABLE 79 UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 107
TABLE 80 UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 81 UNDERFLOOR HEATING MARKET FOR COMMERCIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 108
12.3.1 RETAIL 108
12.3.1.1 Rising adoption of smart thermostats in retail would fuel market growth 108
12.3.2 TRANSPORTATION AND LOGISTICS 109
12.3.2.1 Growing implementation of underfloor heating in commercial areas such as airports and train stations 109
12.3.3 HOSPITALITY 109
12.3.3.1 Rising adoption of underfloor heating systems in hotels 109
12.4 HEALTHCARE 109
12.4.1 UNDERFLOOR HEATING SYSTEMS ARE SIMPLE, SAFE, ENERGY-EFFICIENT, LOW MAINTENANCE, AND HYGIENIC SOLUTIONS SUITABLE FOR HEALTHCARE SECTOR 109
TABLE 82 UNDERFLOOR HEATING MARKET FOR HEALTHCARE APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 110
TABLE 83 UNDERFLOOR HEATING MARKET FOR HEALTHCARE APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 110
TABLE 84 UNDERFLOOR HEATING MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 110
TABLE 85 UNDERFLOOR HEATING MARKET FOR HEALTHCARE APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 111
12.5 SPORTS & ENTERTAINMENT 111
12.5.1 UNDERFLOOR HEATING SYSTEMS ARE USED IN SPORTS FIELDS FOR BEING WARMER THAN ANY OTHER HEATING SOURCE 111
TABLE 86 UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 111
TABLE 87 UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 112
TABLE 88 UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 89 UNDERFLOOR HEATING MARKET FOR SPORTS & ENTERTAINMENT APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 112
12.6 INDUSTRIAL 113
12.6.1 UNDERFLOOR HEATING SYSTEMS ARE USED IN FACTORIES, AIRCRAFT HANGARS, HIGH-SPEED TRAIN DEPOTS, SPARE PARTS DEPOTS, GAS STATIONS, CAR WASH CENTRES, AND CALL CENTERS 113
TABLE 90 UNDERFLOOR HEATING MARKET FOR INDUSTRIAL APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 113
TABLE 91 UNDERFLOOR HEATING MARKET FOR INDUSTRIAL APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 113
TABLE 92 UNDERFLOOR HEATING MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 114
TABLE 93 UNDERFLOOR HEATING MARKET FOR INDUSTRIAL APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 114
12.7 OTHERS 114
12.7.1 WIDE ADOPTION OF UNDERFLOOR HEATING SYSTEMS IN EDUCATION SECTOR TO DRIVE GROWTH OF MARKET 114
TABLE 94 UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY PRODUCT TYPE, 2018–2021 (USD MILLION) 115
TABLE 95 UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY PRODUCT TYPE, 2022–2027 (USD MILLION) 115
TABLE 96 UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY REGION, 2018–2021 (USD MILLION) 115
TABLE 97 UNDERFLOOR HEATING MARKET FOR OTHER APPLICATIONS, BY REGION, 2022–2027 (USD MILLION) 116
13 GEOGRAPHIC ANALYSIS 117
13.1 INTRODUCTION 118
FIGURE 41 UNDERFLOOR HEATING MARKET: GEOGRAPHIC SNAPSHOT 118
TABLE 98 UNDERFLOOR HEATING MARKET, BY REGION, 2018–2021 (USD MILLION) 118
TABLE 99 UNDERFLOOR HEATING MARKET, BY REGION, 2022–2027 (USD MILLION) 119
13.2 NORTH AMERICA 119
FIGURE 42 NORTH AMERICA: UNDERFLOOR HEATING MARKET SNAPSHOT 120
TABLE 100 UNDERFLOOR HEATING MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 101 UNDERFLOOR HEATING MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 102 UNDERFLOOR HEATING MARKET IN NORTH AMERICA, BY APPLICATION, 2018–2021 (USD MILLION) 121
TABLE 103 UNDERFLOOR HEATING MARKET IN NORTH AMERICA, BY APPLICATION, 2022–2027 (USD MILLION) 121
13.2.1 US 122
13.2.1.1 Efficient use of energy to play crucial role in increasing deployment of underfloor heating systems 122
13.2.2 CANADA 123
13.2.2.1 Increasing awareness among public regarding underfloor heating 123
13.2.3 MEXICO 123
13.2.3.1 Rising inclination toward sustainable buildings 123
13.3 EUROPE 123
FIGURE 43 EUROPE: UNDERFLOOR HEATING MARKET SNAPSHOT 124
TABLE 104 UNDERFLOOR HEATING MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 105 UNDERFLOOR HEATING MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 125
TABLE 106 UNDERFLOOR HEATING MARKET IN EUROPE, BY APPLICATION, 2018–2021 (USD MILLION) 126
TABLE 107 UNDERFLOOR HEATING MARKET IN EUROPE, BY APPLICATION, 2022–2027 (USD MILLION) 126
13.3.1 UK 127
13.3.1.1 Increased adoption of underfloor heating systems in UK due to regulations imposed by government to reduce carbon emissions 127
13.3.2 GERMANY 127
13.3.2.1 High deployment of underfloor heating systems in residential buildings 127
13.3.3 FRANCE 127
13.3.3.1 Supportive government initiatives to reduce carbon footprints 127
13.3.4 BELGIUM 128
13.3.4.1 Growth in residential sector to drive demand for heating systems in Belgium 128
13.3.5 NETHERLANDS 128
13.3.5.1 Economic growth is driving growth of underfloor heating in Netherlands 128
13.3.6 SPAIN 128
13.3.6.1 Growth of large-scale infrastructural developments to drive demand for heating systems in Spain 128
13.3.7 ITALY 128
13.3.7.1 Energy-efficient underfloor heating systems are fostering market growth 128
13.3.8 DENMARK 128
13.3.8.1 District heating expected to play important role in underfloor heating systems in Denmark 128
 
13.3.9 FINLAND 129
13.3.9.1 Presence of global players in Finland driving underfloor heating market 129
13.3.10 NORWAY 129
13.3.10.1 Underfloor heating is highly efficient under negative temperature of Norway 129
13.3.11 SWEDEN 129
13.3.11.1 Renewable energy sources are being used in underfloor heating systems 129
13.3.12 POLAND 130
13.3.12.1 Regional Operational Programmes of EU are driving growth of underfloor heating in Poland 130
13.3.13 RUSSIA 130
13.3.13.1 Strong need to employ energy-efficient solutions to support energy savings in Russia 130
13.3.14 REST OF EUROPE 130
13.4 ASIA PACIFIC 130
FIGURE 44 ASIA PACIFIC: UNDERFLOOR HEATING MARKET SNAPSHOT 131
TABLE 108 UNDERFLOOR HEATING MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 132
TABLE 109 UNDERFLOOR HEATING MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 132
TABLE 110 UNDERFLOOR HEATING MARKET IN APAC, BY APPLICATION, 2018–2021 (USD MILLION) 132
TABLE 111 UNDERFLOOR HEATING MARKET IN APAC, BY APPLICATION, 2022–2027 (USD MILLION) 133
13.4.1 CHINA 133
13.4.1.1 Real estate sector to drive demand for underfloor heating systems 133
13.4.2 JAPAN 133
13.4.2.1 Residential and commercial buildings to foster market growth 133
13.4.3 SOUTH KOREA 134
13.4.3.1 Deployment of underfloor heating systems in new dwellings to propel market growth 134
13.4.4 REST OF APAC 134
13.5 REST OF THE WORLD (ROW) 134
TABLE 112 UNDERFLOOR HEATING MARKET IN ROW, BY REGION, 2018–2021 (USD BILLION) 134
TABLE 113 UNDERFLOOR HEATING MARKET IN ROW, BY REGION, 2022–2027 (USD BILLION) 134
TABLE 114 UNDERFLOOR HEATING MARKET IN ROW, BY APPLICATION, 2018–2021 (USD MILLION) 135
TABLE 115 UNDERFLOOR HEATING MARKET IN ROW, BY APPLICATION, 2022–2027 (USD MILLION) 135
13.5.1 MIDDLE EAST & AFRICA 136
13.5.1.1 Market growth in Middle East is driven by premium real estate properties 136
13.5.2 SOUTH AMERICA 136
13.5.2.1 Awareness about benefits offered by underfloor heating solutions stimulate their demand 136
14 COMPETITIVE LANDSCAPE 137
14.1 OVERVIEW 137
14.2 REVENUE ANALYSIS OF TOP FIVE COMPANIES 137
FIGURE 45 UNDERFLOOR HEATING MARKET: REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2017–2021 137
14.3 KEY PLAYER STRATEGIES/RIGHT TO WIN 138
TABLE 116 OVERVIEW OF STRATEGIES ADOPTED BY VENDORS OF UNDERFLOOR HEATING MARKET 138
14.4 MARKET SHARE ANALYSIS, 2021 138
TABLE 117 UNDERFLOOR HEATING MARKET: MARKET SHARE ANALYSIS (2021) 139
14.5 COMPANY EVALUATION QUADRANT 140
14.5.1 STAR 140
14.5.2 EMERGING LEADER 140
14.5.3 PERVASIVE 140
14.5.4 PARTICIPANT 140
FIGURE 46 UNDERFLOOR HEATING MARKET: COMPANY EVALUATION QUADRANT, 2021 141
14.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2021 142
14.6.1 PROGRESSIVE COMPANY 142
14.6.2 RESPONSIVE COMPANY 142
14.6.3 DYNAMIC COMPANY 142
14.6.4 STARTING BLOCK 142
FIGURE 47 UNDERFLOOR HEATING MARKET: SME EVALUATION QUADRANT, 2021 143
14.7 UNDERFLOOR HEATING MARKET: COMPANY FOOTPRINT 144
TABLE 118 COMPANY FOOTPRINT 144
TABLE 119 APPLICATION FOOTPRINT OF COMPANIES 145
TABLE 120 PRODUCT FOOTPRINT OF COMPANIES 146
TABLE 121 REGIONAL FOOTPRINT OF COMPANIES 147
14.8 STARTUP EVALUATION MATRIX 148
TABLE 122 UNDERFLOOR HEATING MARKET: DETAILED LIST OF KEY STARTUPS/SMES 148
TABLE 123 UNDERFLOOR HEATING MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 148
14.9 COMPETITIVE SITUATIONS AND TRENDS 149
14.9.1 UNDERFLOOR HEATING MARKET: PRODUCT LAUNCHES, APRIL 2019–DECEMBER 2021 149
14.9.2 UNDERFLOOR HEATING MARKET: DEALS, APRIL 2019–DECEMBER 2021 150
 
15 COMPANY PROFILES 152
15.1 KEY PLAYERS 152
(Business Overview, Products, Recent Developments, MnM View)*
15.1.1 UPONOR CORPORATION 152
TABLE 124 UPONOR: BUSINESS OVERVIEW 152
FIGURE 48 UPONOR CORPORATION: COMPANY SNAPSHOT 153
TABLE 125 UPONOR CORPORATION: PRODUCTS OFFERED 153
15.1.2 RESIDEO TECHNOLOGIES INC 156
TABLE 126 RESIDEO TECHNOLOGIES INC: BUSINESS OVERVIEW 156
FIGURE 49 RESIDEO TECHNOLOGIES INC: COMPANY SNAPSHOT 157
TABLE 127 RESIDEO TECHNOLOGIES INC: PRODUCT OFFERINGS 157
15.1.3 NVENT ELECTRIC PLC 160
TABLE 128 NVENT ELECTRIC PLC: BUSINESS OVERVIEW 160
FIGURE 50 NVENT ELECTRIC PLC: COMPANY SNAPSHOT 161
TABLE 129 NVENT ELECTRIC PLC: PRODUCT OFFERINGS 162
15.1.4 WARMUP 164
TABLE 130 WARMUP: BUSINESS OVERVIEW 164
TABLE 131 WARMUP: PRODUCT OFFERINGS 164
15.1.5 REHAU 167
TABLE 132 REHAU: BUSINESS OVERVIEW 167
FIGURE 51 REHAU: COMPANY SNAPSHOT 168
TABLE 133 REHAU: PRODUCT OFFERINGS 168
15.1.6 EMERSON ELECTRIC CO. 170
TABLE 134 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW 170
FIGURE 52 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 171
TABLE 135 EMERSON ELECTRIC CO.: PRODUCT OFFERINGS 171
15.1.7 ROBERT BOSCH GMBH 173
TABLE 136 ROBERT BOSCH GMBH: BUSINESS OVERVIEW 173
FIGURE 53 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 174
TABLE 137 ROBERT BOSCH GMBH: PRODUCT OFFERINGS 174
15.1.8 DANFOSS 176
TABLE 138 DANFOSS: BUSINESS OVERVIEW 176
FIGURE 54 DANFOSS: COMPANY SNAPSHOT 177
TABLE 139 DANFOSS: PRODUCT OFFERINGS 177
15.1.9 MITSUBISHI ELECTRIC 178
TABLE 140 MITSUBISHI ELECTRIC: BUSINESS OVERVIEW 178
FIGURE 55 MITSUBISHI ELECTRIC: COMPANY SNAPSHOT 179
TABLE 141 MITSUBISHI ELECTRIC: PRODUCT OFFERINGS 179
15.1.10 SIEMENS AG 181
TABLE 142 SIEMENS AG: BUSINESS OVERVIEW 181
FIGURE 56 SIEMENS AG: COMPANY SNAPSHOT 182
TABLE 143 SIEMENS AG: PRODUCT OFFERINGS 183
15.1.11 SCHNEIDER ELECTRIC 184
TABLE 144 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 184
FIGURE 57 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 185
TABLE 145 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS 186
15.1.12 INCOGNITO HEAT CO. 187
TABLE 146 INCOGNITO HEAT CO.: BUSINESS OVERVIEW 187
TABLE 147 INCOGNITO HEAT CO.: PRODUCT OFFERINGS 187
15.2 OTHER PLAYERS 188
15.2.1 MYSON 188
TABLE 148 MYSON: BUSINESS OVERVIEW 188
15.2.2 THERMOSOFT INTERNATIONAL CORPORATION 188
TABLE 149 THERMOSOFT INTERNATIONAL CORPORATION: BUSINESS OVERVIEW 188
15.2.3 FLEXEL INTERNATIONAL 189
TABLE 150 FLEXEL INTERNATIONAL: BUSINESS OVERVIEW 189
15.2.4 NEXANS 189
TABLE 151 NEXANS: BUSINESS OVERVIEW 189
15.2.5 AMUHEAT 190
TABLE 152 AMUHEAT: BUSINESS OVERVIEW 190
15.2.6 ESI HEATING AND COOLING 190
TABLE 153 ESI HEATING AND COOLING: BUSINESS OVERVIEW 190
15.2.7 JANES RADIANT 191
TABLE 154 JANES RADIANT: BUSINESS OVERVIEW 191
15.2.8 WARMAFLOOR 191
TABLE 155 WARMAFLOOR: BUSINESS OVERVIEW 191
15.2.9 RAYOTEC LTD 192
TABLE 156 RAYOTEC LTD: BUSINESS OVERVIEW 192
15.2.10 RBT UNDERFLOOR LTD 192
TABLE 157 RBT UNDERFLOOR LTD: BUSINESS OVERVIEW 192
15.2.11 UHEAT 193
TABLE 158 UHEAT: BUSINESS OVERVIEW 193
15.2.12 SOLFEX LTD 194
TABLE 159 SOLFEX LTD: BUSINESS OVERVIEW 194
15.2.13 SCHLUTER-SYSTEMS 195
TABLE 160 SCHLÜTER-SYSTEMS: BUSINESS OVERVIEW 195
*Details on Business Overview, Products, Recent Developments, MnM View might not be captured in case of unlisted companies.
16 ADJACENT & RELATED MARKETS 196
16.1 INTRODUCTION 196
16.2 LIMITATIONS 196
16.3 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT 196
TABLE 161 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2017–2020 (USD BILLION) 196
TABLE 162 HVAC SYSTEM MARKET, BY HEATING EQUIPMENT, 2021–2026 (USD BILLION) 197
TABLE 163 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION, 2017–2020 (USD BILLION) 197
TABLE 164 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY APPLICATION, 2021–2026 (USD BILLION) 198
TABLE 165 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION, 2017–2020 (USD BILLION) 198
TABLE 166 HVAC SYSTEM MARKET FOR HEATING EQUIPMENT, BY REGION, 2021–2026 (USD BILLION) 198
16.4 HEAT PUMPS 199
16.4.1 GOVERNMENT SUPPORT TO BOOST GROWTH OF HEAT PUMPS MARKET 199
16.4.1.1 Air-to-air heat pumps 199
16.4.1.2 Air-to-water heat pumps 199
16.4.1.3 Water-to-water heat pumps 199
TABLE 167 HVAC SYSTEM MARKET, FOR HEAT PUMP, BY APPLICATION, 2017–2020 (USD BILLION) 200
TABLE 168 HVAC SYSTEM MARKET FOR HEAT PUMP, BY APPLICATION, 2021–2026 (USD BILLION) 200
TABLE 169 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION, 2017–2020 (USD BILLION) 200
TABLE 170 HVAC SYSTEM MARKET FOR HEAT PUMP, BY REGION, 2021–2026 (USD BILLION) 200
16.5 FURNACES 201
16.5.1 LOW COST AND HIGH EFFICIENCY TO FUEL DEMAND FOR ELECTRIC FURNACES 201
16.5.1.1 Oil furnaces 201
16.5.1.2 Gas furnaces 201
16.5.1.3 Electric furnaces 201
TABLE 171 HVAC SYSTEM MARKET FOR FURNACE, BY APPLICATION, 2017–2020 (USD BILLION) 201
TABLE 172 HVAC SYSTEM MARKET FOR FURNACE, BY APPLICATION, 2021–2026 (USD BILLION) 202
TABLE 173 HVAC SYSTEM MARKET FOR FURNACE, BY REGION, 2017–2020 (USD BILLION) 202
TABLE 174 HVAC SYSTEM MARKET FOR FURNACE, BY REGION, 2021–2026 (USD BILLION) 202
16.6 UNITARY HEATERS 203
16.6.1 HIGH EFFICIENCY OF UNITARY HEATERS TO BOOST MARKET GROWTH 203
16.6.1.1 Gas unit heaters 203
16.6.1.2 Oil-fired unit heaters 203
16.6.1.3 Electric unit heaters 203
TABLE 175 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY APPLICATION, 2017–2020 (USD BILLION) 203
TABLE 176 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY APPLICATION, 2021–2026 (USD BILLION) 204
TABLE 177 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION, 2017–2020 (USD MILLION) 204
TABLE 178 HVAC SYSTEM MARKET FOR UNITARY HEATER, BY REGION, 2021–2026 (USD MILLION) 204
16.7 BOILERS 205
16.7.1 RESIDENTIAL SEGMENT TO HOLD LARGEST SHARE OF HVAC SYSTEM MARKET FOR BOILERS 205
16.7.1.1 Steam boilers 205
16.7.1.2 Hot water boilers 205
TABLE 179 HVAC SYSTEM MARKET FOR BOILER, BY APPLICATION, 2017–2020 (USD BILLION) 205
TABLE 180 HVAC SYSTEM MARKET FOR BOILER, BY APPLICATION, 2021–2026 (USD BILLION) 205
TABLE 181 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 2017–2020 (USD MILLION) 206
TABLE 182 HVAC SYSTEM MARKET FOR BOILER, BY REGION, 2021–2026 (USD MILLION) 206
17 APPENDIX 207
17.1 DISCUSSION GUIDE 207
17.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 211
17.3 AVAILABLE CUSTOMIZATIONS 213
17.4 RELATED REPORTS 213
17.5 AUTHOR DETAILS 214

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

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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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# of Pages:        184

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Publication Date:  March, 2022

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