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              # of Pages:           192
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               Publication Date:  January, 2018 
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            RPT40215
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			       CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.2.3.1. Competitive intelligence and strategies of companies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. KEY PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Growing disposable income
3.5.1.2. Technological advancements
3.5.2. Restraints
3.5.2.1. Complex design of the device
3.5.3. Opportunities
3.5.3.1. Encouragement in digitization of work processes by government in emerging economies
3.5.3.2. Continuous pressure for high performance & enhanced efficiency of the device
CHAPTER 4 ANALOG-TO-DIGITAL CONVERTERS MARKET, BY PRODUCT TYPE
4.1. OVERVIEW
4.2. PIPELINED ADC
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by region
4.2.4. Market analysis by country
4.3. INTEGRATING ADC
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by region
4.3.4. Market analysis by country
4.4. SUCCESSIVE APPROXIMATION ADC
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast, by region
4.4.4. Market analysis by country
4.5. DELTA-SIGMA ADC
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast, by region
4.5.4. Market analysis by country
4.6. OTHERS (RAMP ADC, FLASH ADC/PARALLEL COMPARATOR)
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast, by region
4.6.4. Market analysis by country
CHAPTER 5 ANALOG-TO-DIGITAL CONVERTERS MARKET, BY APPLICATION
5.1. OVERVIEW
5.2. CONSUMER ELECTRONICS
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by region
5.2.4. Market analysis by country
5.3. INDUSTRIAL
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by region
5.3.4. Market analysis by country
CHAPTER 6 ANALOG-TO-DIGITAL CONVERTERS MARKET, BY REGION
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by product type
6.2.4. Market size and forecast, by application
6.2.5. Market size and forecast, by country
6.2.6. U.S.
6.2.6.1. Market size and forecast, by product type
6.2.6.2. Market size and forecast, by application
6.2.7. Canada
6.2.7.1. Market size and forecast, by product type
6.2.7.2. Market size and forecast, by application
6.2.8. Mexico
6.2.8.1. Market size and forecast, by product type
6.2.8.2. Market size and forecast, by application
6.3. EUROPE
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by product type
6.3.4. Market size and forecast, by application
6.3.5. Market size and forecast, by country
6.3.6. UK
6.3.6.1. Market size and forecast, by product type
6.3.6.2. Market size and forecast, by application
6.3.7. Germany
6.3.7.1. Market size and forecast, by product type
6.3.7.2. Market size and forecast, by application
6.3.8. France
6.3.8.1. Market size and forecast, by product type
6.3.8.2. Market size and forecast, by application
6.3.9. Rest of Europe
6.3.9.1. Market size and forecast, by product type
6.3.9.2. Market size and forecast, by application
6.4. ASIA-PACIFIC
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by product type
6.4.4. Market size and forecast, by application
6.4.5. Market size and forecast, by country
6.4.6. China
6.4.6.1. Market size and forecast, by product type
6.4.6.2. Market size and forecast, by application
6.4.7. Japan
6.4.7.1. Market size and forecast, by product type
6.4.7.2. Market size and forecast, by application
6.4.8. India
6.4.8.1. Market size and forecast, by product type
6.4.8.2. Market size and forecast, by application
6.4.9. Australia
6.4.9.1. Market size and forecast, by product type
6.4.9.2. Market size and forecast, by application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast, by product type
6.4.10.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast, by product type
6.5.4. Market size and forecast, by application
6.5.5. Market size and forecast, by region
6.5.6. Latin America
6.5.6.1. Market size and forecast, by product type
6.5.6.2. Market size and forecast, by application
6.5.7. The Middle East
6.5.7.1. Market size and forecast, by product type
6.5.7.2. Market size and forecast, by application
6.5.8. Africa
6.5.8.1. Market size and forecast, by product type
6.5.8.2. Market size and forecast, by application
CHAPTER 7 COMPANY PROFILES
7.1. ANALOG DEVICES, INC.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. ASAHI KASEI CORPORATION
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Key strategic moves and developments
7.3. DILIGENT CORPORATION
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Key strategic moves and developments
7.4. RENESAS ELECTRONICS CORPORATION
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Business performance
7.4.4. Key strategic moves and developments
7.5. MAXIM INTEGRATED
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.5.5. Key strategic moves and developments
7.6. MICROCHIP TECHNOLOGY INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.7. NATIONAL INSTRUMENTS
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Business performance
7.7.4. Key strategic moves and developments
7.8. SONY CORPORATION
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Business performance
7.8.4. Operating business segments
7.8.5. Key strategic moves and developments
7.9. TEXAS INSTRUMENTS INC.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.10. XILINX INC.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Key strategic moves and developments
			       CHAPTER 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.2.3. Top winning strategies
3.2.3.1. Competitive intelligence and strategies of companies
3.3. PORTERS FIVE FORCES ANALYSIS
3.3.1. Moderate bargaining power of suppliers
3.3.2. Moderate threat of new entrants
3.3.3. Moderate threat of substitutes
3.3.4. High-to-moderate intensity of rivalry
3.3.5. Moderate bargaining power of buyers
3.4. KEY PLAYER POSITIONING, 2016
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.1.1. Growing disposable income
3.5.1.2. Technological advancements
3.5.2. Restraints
3.5.2.1. Complex design of the device
3.5.3. Opportunities
3.5.3.1. Encouragement in digitization of work processes by government in emerging economies
3.5.3.2. Continuous pressure for high performance & enhanced efficiency of the device
CHAPTER 4 ANALOG-TO-DIGITAL CONVERTERS MARKET, BY PRODUCT TYPE
4.1. OVERVIEW
4.2. PIPELINED ADC
4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast, by region
4.2.4. Market analysis by country
4.3. INTEGRATING ADC
4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast, by region
4.3.4. Market analysis by country
4.4. SUCCESSIVE APPROXIMATION ADC
4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast, by region
4.4.4. Market analysis by country
4.5. DELTA-SIGMA ADC
4.5.1. Key market trends
4.5.2. Key growth factors and opportunities
4.5.3. Market size and forecast, by region
4.5.4. Market analysis by country
4.6. OTHERS (RAMP ADC, FLASH ADC/PARALLEL COMPARATOR)
4.6.1. Key market trends
4.6.2. Key growth factors and opportunities
4.6.3. Market size and forecast, by region
4.6.4. Market analysis by country
CHAPTER 5 ANALOG-TO-DIGITAL CONVERTERS MARKET, BY APPLICATION
5.1. OVERVIEW
5.2. CONSUMER ELECTRONICS
5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast, by region
5.2.4. Market analysis by country
5.3. INDUSTRIAL
5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast, by region
5.3.4. Market analysis by country
CHAPTER 6 ANALOG-TO-DIGITAL CONVERTERS MARKET, BY REGION
6.1. OVERVIEW
6.2. NORTH AMERICA
6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast, by product type
6.2.4. Market size and forecast, by application
6.2.5. Market size and forecast, by country
6.2.6. U.S.
6.2.6.1. Market size and forecast, by product type
6.2.6.2. Market size and forecast, by application
6.2.7. Canada
6.2.7.1. Market size and forecast, by product type
6.2.7.2. Market size and forecast, by application
6.2.8. Mexico
6.2.8.1. Market size and forecast, by product type
6.2.8.2. Market size and forecast, by application
6.3. EUROPE
6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast, by product type
6.3.4. Market size and forecast, by application
6.3.5. Market size and forecast, by country
6.3.6. UK
6.3.6.1. Market size and forecast, by product type
6.3.6.2. Market size and forecast, by application
6.3.7. Germany
6.3.7.1. Market size and forecast, by product type
6.3.7.2. Market size and forecast, by application
6.3.8. France
6.3.8.1. Market size and forecast, by product type
6.3.8.2. Market size and forecast, by application
6.3.9. Rest of Europe
6.3.9.1. Market size and forecast, by product type
6.3.9.2. Market size and forecast, by application
6.4. ASIA-PACIFIC
6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast, by product type
6.4.4. Market size and forecast, by application
6.4.5. Market size and forecast, by country
6.4.6. China
6.4.6.1. Market size and forecast, by product type
6.4.6.2. Market size and forecast, by application
6.4.7. Japan
6.4.7.1. Market size and forecast, by product type
6.4.7.2. Market size and forecast, by application
6.4.8. India
6.4.8.1. Market size and forecast, by product type
6.4.8.2. Market size and forecast, by application
6.4.9. Australia
6.4.9.1. Market size and forecast, by product type
6.4.9.2. Market size and forecast, by application
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast, by product type
6.4.10.2. Market size and forecast, by application
6.5. LAMEA
6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast, by product type
6.5.4. Market size and forecast, by application
6.5.5. Market size and forecast, by region
6.5.6. Latin America
6.5.6.1. Market size and forecast, by product type
6.5.6.2. Market size and forecast, by application
6.5.7. The Middle East
6.5.7.1. Market size and forecast, by product type
6.5.7.2. Market size and forecast, by application
6.5.8. Africa
6.5.8.1. Market size and forecast, by product type
6.5.8.2. Market size and forecast, by application
CHAPTER 7 COMPANY PROFILES
7.1. ANALOG DEVICES, INC.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Business performance
7.1.6. Key strategic moves and developments
7.2. ASAHI KASEI CORPORATION
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Key strategic moves and developments
7.3. DILIGENT CORPORATION
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Key strategic moves and developments
7.4. RENESAS ELECTRONICS CORPORATION
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Business performance
7.4.4. Key strategic moves and developments
7.5. MAXIM INTEGRATED
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Business performance
7.5.5. Key strategic moves and developments
7.6. MICROCHIP TECHNOLOGY INC.
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Business performance
7.6.5. Key strategic moves and developments
7.7. NATIONAL INSTRUMENTS
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Business performance
7.7.4. Key strategic moves and developments
7.8. SONY CORPORATION
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Business performance
7.8.4. Operating business segments
7.8.5. Key strategic moves and developments
7.9. TEXAS INSTRUMENTS INC.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.9.6. Key strategic moves and developments
7.10. XILINX INC.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Key strategic moves and developments
			        Allied Market Research
			  
               
                 
    
        
            
          
              
               
                        
                        
          
               Publisher:             MarketsandMarkets
              # of Pages:           230
              Rating: 
              
1 User License $4,950
               Publication Date:  March, 2022 
              Price:       $4,950  / User License
             
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            RPT50603
            LIC503
             1 User $4,950
            
            
            
               
			   
			  
			  
		 
			       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
			       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
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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
			       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
			        MarketsandMarkets