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Leak Detection Market for Oil & Gas with COVID-19 Impact by Technology (Acoustic, E-RTTM, Fiber Optic, Mass/Volume Balance, Laser Absorption and LiDAR...

by Technology (Acoustic, E-RTTM, Fiber Optic, Mass/Volume Balance, Laser Absorption and LiDAR, Thermal Imaging), Medium (Oil and Condensate, Natural Gas), and Region

Publisher:        MarketsandMarkets

# of Pages:        260

Rating: 

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Publication Date:  December, 2020

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TABLE OF CONTENTS

 

1              INTRODUCTION                35

1.1          STUDY OBJECTIVES          35

1.2          DEFINITION        35

1.3          STUDY SCOPE    36

1.3.1      MARKETS COVERED        36

1.3.2      GEOGRAPHIC SCOPE      36

1.4          INCLUSIONS AND EXCLUSIONS  37

1.5          YEARS CONSIDERED        37

1.6          CURRENCY          38

1.7          STAKEHOLDERS 38

1.8          SUMMARY OF CHANGES              38

2              RESEARCH METHODOLOGY         40

2.1          RESEARCH DATA               40

FIGURE 1             LEAK DETECTION MARKET FOR OIL & GAS: PROCESS FLOW OF MARKET SIZE ESTIMATION              40

FIGURE 2             LEAK DETECTION MARKET FOR OIL & GAS: RESEARCH DESIGN     41

2.1.1      SECONDARY DATA           41

2.1.1.1   Key data from secondary sources             42

2.1.2      PRIMARY DATA 42

2.1.2.1   Key industry insights      43

2.1.2.2   Breakdown of primaries               43

2.1.2.3   Key data from primary sources  44

2.2          MARKET SIZE ESTIMATION          44

FIGURE 3             MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS        45

FIGURE 4             MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE) – IDENTIFICATION OF REVENUES GENERATED BY COMPANIES FROM LEAK DETECTION SYSTEM OFFERINGS             45

2.2.1      BOTTOM-UP APPROACH              46

2.2.1.1   Approach for arriving at market size using bottom-up analysis (demand side)      46

FIGURE 5             LEAK DETECTION MARKET FOR OIL & GAS: BOTTOM-UP APPROACH        47

FIGURE 6             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FOR ESTIMATING SIZE OF LEAK DETECTION MARKET FOR OIL & GAS        47

2.2.2      TOP-DOWN APPROACH                48

2.2.2.1   Approach for arriving at market size using top-down analysis

(supply side)      48

FIGURE 7             LEAK DETECTION MARKET FOR OIL & GAS: TOP-DOWN APPROACH          49

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        49

FIGURE 8             DATA TRIANGULATION 49

2.4          RESEARCH ASSUMPTIONS           50

FIGURE 9             ASSUMPTIONS FOR RESEARCH STUDY    50

3              EXECUTIVE SUMMARY  51

FIGURE 10           E-RTTM SEGMENT OF LEAK DETECTION MARKET FOR OIL & GAS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025                52

FIGURE 11           NATURAL GAS SEGMENT TO LEAD LEAK DETECTION MARKET FOR OIL & GAS FROM 2020 TO 2025              53

FIGURE 12           LEAK DETECTION MARKET FOR OIL & GAS IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025       54

4              PREMIUM INSIGHTS       56

4.1          ATTRACTIVE OPPORTUNITIES IN LEAK DETECTION MARKET FOR OIL & GAS           56

FIGURE 13           EVOLVING GOVERNMENT REGULATIONS TO IMPLEMENT LEAK DETECTION SOLUTIONS AND SYSTEMS IN OIL AND GAS INDUSTRY TO DRIVE MARKET GROWTH     56

4.2          LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY MEDIUM AND COUNTRY         57

FIGURE 14           NATURAL GAS SEGMENT AND US TO HOLD LARGEST SHARES OF LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA IN 2020       57

4.3          LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY TECHNOLOGY      57

FIGURE 15           E-RTTM SEGMENT TO LEAD OF LEAK DETECTION MARKET FOR OIL & GAS

BY 2025 57

4.4          LEAK DETECTION MARKET FOR OIL & GAS, BY COUNTRY                58

FIGURE 16           LEAK DETECTION MARKET FOR OIL & GAS IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025     58

5              MARKET OVERVIEW       59

5.1          INTRODUCTION                59

5.2          MARKET DYNAMICS       59

FIGURE 17           EVOLVING GOVERNMENT REGULATIONS PERTAINING TO IMPLEMENTATION OF LEAK DETECTION SYSTEMS                59

FIGURE 18           LEAK DETECTION MARKET FOR OIL & GAS: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IMPACT ANALYSIS           60

5.2.1      DRIVERS               62

5.2.1.1   Increasing incidents of oil and gas leakages in pipelines and storage tanks at production facilities               62

TABLE 1                OIL AND GAS LEAK INCIDENTS, JANUARY 2019–JUNE 2020            63

5.2.1.2   Ongoing construction of new pipelines and expansion of existing ones  64

5.2.1.3   Evolving government regulations pertaining to implementation of leak detection systems            65

5.2.2      RESTRAINTS       66

5.2.2.1   Retrofitting complications related to some leak detection systems           66

5.2.3      OPPORTUNITIES               66

5.2.3.1   Rising oil and gas exploration and production activities worldwide             66

5.2.3.2   Increasing global oil and natural gas consumption             67

FIGURE 19           GLOBAL OIL CONSUMPTION, 2011–2019 (THOUSAND BARRELS DAILY)    68

TABLE 2                OIL CONSUMPTION, BY REGION, 2011–2019 (THOUSAND BARRELS DAILY)            68

FIGURE 20           NATURAL GAS CONSUMPTION, BY REGION, 2011–2019

(BILLION CUBIC METERS)              68

TABLE 3                NATURAL GAS CONSUMPTION, BY REGION, 2011–2019

(BILLION CUBIC METERS)              69

5.2.3.3   Ongoing technological advancements related to leak detection systems                69

5.2.4      CHALLENGES      70

5.2.4.1   Lack of technological advancements in offshore leak detection systems                70

5.2.4.2   Decrease in global oil prices         70

TABLE 4                ASP ANALYSIS OF DIFFERENT OIL TYPES, 2018–2021         70

5.3          VALUE CHAIN ANALYSIS               71

FIGURE 21           VALUE CHAIN ANALYSIS OF LEAK DETECTION MARKET FOR OIL & GAS    71

5.4          GOVERNMENT REGULATIONS AND STANDARDS RELATED TO LEAK DETECTION SYSTEMS               72

5.5          TECHNOLOGY ANALYSIS               73

5.6          PATENT ANALYSIS           75

5.7          USE CASES FOR LEAK DETECTION MARKET FOR OIL & GAS             79

5.8          ASP ANALYSIS OF LEAK DETECTION SYSTEMS BASED ON DIFFERENT TECHNOLOGIES         80

TABLE 5                ASP ANALYSIS OF LEAK DETECTION SYSTEMS BASED ON DIFFERENT TECHNOLOGIES, 2020–2025 (USD)    81

5.9          TRADE ANALYSIS FOR OIL & GAS               82

FIGURE 22           OIL IMPORT DATA OF GEOGRAPHIES IN TERMS OF THOUSAND BARRELS DAILY FROM 2010 TO 2019          82

TABLE 6                OIL IMPORT DATA, BY GEOGRAPHY, 2010–2019

(THOUSAND BARRELS DAILY)      82

FIGURE 23           OIL EXPORT DATA OF GEOGRAPHIES IN TERMS OF THOUSAND BARRELS DAILY FROM 2010 TO 2019          83

TABLE 7                OIL EXPORT DATA, BY GEOGRAPHY, 2010–2019

(THOUSAND BARRELS DAILY)      83

FIGURE 24           NATURAL GAS IMPORTS, BY REGION, 2019 (BILLION CUBIC METERS)       84

TABLE 8                NATURAL GAS IMPORTS, BY REGION, 2019 (BILLION CUBIC METERS)       84

FIGURE 25           NATURAL GAS EXPORTS, BY REGION, 2019 (BILLION CUBIC METERS)        84

TABLE 9                NATURAL GAS EXPORTS, BY REGION, 2019 (BILLION CUBIC METERS)        85

5.10        OIL AND GAS INDUSTRY ECOSYSTEM      86

6              LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM  87

6.1          INTRODUCTION                88

FIGURE 26           NATURAL GAS SEGMENT TO LEAD LEAK DETECTION MARKET FOR OIL & GAS FROM 2020 TO 2025              88

TABLE 10              LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM,

2017–2019 (USD MILLION)           88

TABLE 11              LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM,

2020–2025 (USD MILLION)           88

6.2          OIL AND CONDENSATE  89

6.2.1      TRANSPORTATION OF CRUDE OIL THROUGH PIPELINES REQUIRE EFFICIENT LEAK DETECTION SYSTEMS FOR MINIMAL ECOLOGICAL IMPACT AND FINANCIAL LOSSES               89

TABLE 12              LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY TECHNOLOGY, 2017–2019 (USD MILLION)        90

TABLE 13              LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY TECHNOLOGY, 2020–2025 (USD MILLION)        90

TABLE 14              LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION,

2017–2019 (USD MILLION)           91

TABLE 15              LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION,

2020–2025 (USD MILLION)           91

6.3          NATURAL GAS   91

6.3.1      INCREASED EXPLORATION, PRODUCTION, AND CONSUMPTION OF NATURAL GAS TO FUEL MARKET GROWTH   91

FIGURE 27           E-RTTM SEGMENT OF LEAK DETECTION MARKET FOR NATURAL GAS TO GROW AT HIGHEST CAGR FROM 2020 TO 2025      92

TABLE 16              LEAK DETECTION MARKET FOR NATURAL GAS, BY TECHNOLOGY,

2017–2019 (USD MILLION)           92

TABLE 17              LEAK DETECTION MARKET FOR NATURAL GAS, BY TECHNOLOGY,

2020–2025 (USD MILLION)           93

TABLE 18              LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION,

2017–2019 (USD MILLION)           93

TABLE 19              LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION,

2020–2025 (USD MILLION)           93

6.4          IMPACT OF COVID-19    94

7              LEAK DETECTION MARKET FOR OIL & GAS, BY TECHNOLOGY        95

7.1          INTRODUCTION                96

FIGURE 28           E-RTTM SEGMENT TO ACCOUNT FOR LARGEST SIZE OF LEAK DETECTION MARKET FOR OIL & GAS IN 2025                96

TABLE 20              LEAK DETECTION MARKET FOR OIL & GAS, BY TECHNOLOGY,

2017–2019 (USD MILLION)           96

TABLE 21              LEAK DETECTION MARKET FOR OIL & GAS, BY TECHNOLOGY,

2020–2025 (USD MILLION)           97

TABLE 22              LEAK DETECTION MARKET FOR OIL & GAS, BY TECHNOLOGY,

2020–2025 (THOUSAND UNITS) 98

7.2          ACOUSTIC/ULTRASOUND            98

7.2.1      RISEN USE OF ACOUSTIC/ULTRASOUND TECHNOLOGY-BASED LEAK DETECTION SYSTEMS IN BOTH SINGLE-PHASE AND MULTI-PHASE FLOW PIPELINES       98

TABLE 23              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2017–2019 (USD MILLION)           99

TABLE 24              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2020–2025 (USD MILLION)           99

TABLE 25              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2017–2019 (USD MILLION)        99

TABLE 26              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2020–2025 (USD MILLION)        100

TABLE 27              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2017–2019 (USD MILLION)           100

TABLE 28              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2020–2025 (USD MILLION)           101

TABLE 29              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2017–2019 (USD MILLION)       101

FIGURE 29           ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025  102

TABLE 30              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)       102

7.3          EXTENDED REAL-TIME TRANSIENT MODEL (E-RTTM)        103

7.3.1      INCREASED DEMAND FOR E-RTTM TECHNOLOGY-BASED LEAK DETECTION SYSTEMS TO MEET EXISTING AND NEW LEAK DETECTION REGULATORY REQUIREMENTS                103

TABLE 31              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS,

BY MEDIUM, 2017–2019 (USD MILLION)                103

TABLE 32              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS,

BY MEDIUM, 2020–2025 (USD MILLION)                104

TABLE 33              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2017–2019 (USD MILLION)       104

TABLE 34              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2020–2025 (USD MILLION)       104

TABLE 35              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2017–2019 (USD MILLION)             105

TABLE 36              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2020–2025 (USD MILLION)             105

FIGURE 30           NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS FROM 2020 TO 2025       106

TABLE 37              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS,

BY REGION, 2017–2019 (USD MILLION)  106

TABLE 38              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS,

BY REGION, 2020–2025 (USD MILLION)  107

7.4          FIBER OPTIC       107

7.4.1      LOWER OVERALL COSTS OF DISTRIBUTED FIBER-OPTIC SENSORS THAN TRADITIONAL SENSORS LEAD TO THEIR INCREASED USE                107

TABLE 39              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2017–2019 (USD MILLION)             108

TABLE 40              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2020–2025 (USD MILLION)             108

TABLE 41              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2017–2019 (USD MILLION)           108

TABLE 42              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2020–2025 (USD MILLION)           109

TABLE 43              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2017–2019 (USD MILLION) 109

TABLE 44              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2020–2025 (USD MILLION) 110

TABLE 45              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET OIL & GAS,

BY REGION, 2017–2019 (USD MILLION)  110

TABLE 46              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET OIL & GAS,

BY REGION, 2020–2025 (USD MILLION)  111

7.5          MASS/VOLUME BALANCE            111

7.5.1      DISCREPANCY BETWEEN MEASURED MASS-VOLUME FLOWS AT DIFFERENT ENDS OF PIPELINE INDICATE PRESENCE OF LEAKAGES    111

TABLE 47              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2017–2019 (USD MILLION)           111

TABLE 48              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2020–2025 (USD MILLION)           112

TABLE 49              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2017–2019 (USD MILLION)        112

TABLE 50              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2020–2025 (USD MILLION)        112

TABLE 51              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2017–2019 (USD MILLION)           113

TABLE 52              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2020–2025 (USD MILLION)           113

FIGURE 31           MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025    114

TABLE 53              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2017–2019 (USD MILLION)           114

TABLE 54              MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)           115

7.6          THERMAL IMAGING       115

7.6.1      INCREASED USE OF THERMAL IMAGERS MOUNTED ON VEHICLES, UAV, AND PORTABLE SYSTEMS TO INSPECT PIPELINES FOR DETECTION OF LEAKAGES              115

TABLE 55              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2017–2019 (USD MILLION)       116

TABLE 56              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2020–2025 (USD MILLION)       116

TABLE 57              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2017–2019 (USD MILLION)        116

TABLE 58              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2020–2025 (USD MILLION)        117

TABLE 59              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2017–2019 (USD MILLION)       117

TABLE 60              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2020–2025 (USD MILLION)       118

TABLE 61              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2017–2019 (USD MILLION) 118

TABLE 62              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION) 119

7.7          LASER ABSORPTION AND LIDAR                119

7.7.1      HIGH SENSITIVITY OF LASER TECHNOLOGY-BASED LEAK DETECTION SYSTEMS DRIVE MARKET GROWTH  119

TABLE 63              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2017–2019 (USD MILLION)      119

TABLE 64              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2020–2025 (USD MILLION)      120

TABLE 65              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION,

2017–2019 (USD MILLION)           120

TABLE 66              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION,

2020–2025 (USD MILLION)           120

TABLE 67              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2017–2019 (USD MILLION)        121

TABLE 68              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2020–2025 (USD MILLION)        121

TABLE 69              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2017–2019 (USD MILLION)        122

TABLE 70              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION)        122

7.8          VAPOR SENSING              122

7.8.1      LEAK DETECTION SYSTEMS BASED ON VAPOR SENSING TECHNOLOGY CAN DETECT SMALL LEAKAGES IN PIPELINES                122

TABLE 71              VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2017–2019 (USD MILLION) 123

TABLE 72              VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY MEDIUM, 2020–2025 (USD MILLION) 123

TABLE 73              VAPOR SENSING TECHNOLOGY–BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2017–2019 (USD MILLION)           123

TABLE 74              VAPOR SENSING TECHNOLOGY–BASED LEAK DETECTION MARKET FOR OIL AND CONDENSATE, BY REGION, 2020–2025 (USD MILLION)           124

TABLE 75              VAPOR SENSING TECHNOLOGY–BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2017–2019 (USD MILLION)       124

TABLE 76              VAPOR SENSING TECHNOLOGY–BASED LEAK DETECTION MARKET FOR NATURAL GAS, BY REGION, 2020–2025 (USD MILLION)       125

TABLE 77              VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2017–2019 (USD MILLION) 125

TABLE 78              VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS, BY REGION, 2020–2025 (USD MILLION) 126

7.9          IMPACT OF COVID-19    126

8              LEAK DETECTION MARKET FOR OIL & GAS, BY LOCATION               127

8.1          INTRODUCTION                128

FIGURE 32           ONSHORE SEGMENT TO LEAD LEAK DETECTION MARKET FOR OIL & GAS FROM 2020 TO 2025       128

TABLE 79              LEAK DETECTION MARKET FOR OIL & GAS, BY LOCATION,

2017–2019 (USD MILLION)           128

TABLE 80              LEAK DETECTION MARKET FOR OIL & GAS, BY LOCATION,

2020–2025 (USD MILLION)           128

8.2          ONSHORE            129

8.2.1      RISEN ONSHORE PRODUCTION OF OIL AND GAS TO DRIVE MARKET GROWTH     129

8.3          OFFSHORE          129

8.3.1      DEGRADATION OF OCEAN WATERS DUE TO OIL AND GAS LEAKAGES EXPECTED TO DRIVE DEMAND FOR LEAK DETECTION SYSTEMS AND TECHNOLOGIES IN OFFSHORE FACILITIES        129

9              DIFFERENT PROCESS STAGES FOR OIL AND GAS LEAK DETECTION              131

9.1          INTRODUCTION                131

9.2          UPSTREAM         131

9.3          MIDSTREAM      131

9.4          DOWNSTREAM 131

10           GEOGRAPHIC ANALYSIS                132

10.1        INTRODUCTION                133

FIGURE 33           NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF LEAK DETECTION MARKET FOR OIL & GAS FROM 2020 TO 2025                133

TABLE 81              LEAK DETECTION MARKET FOR OIL & GAS, BY REGION,

2017–2019 (USD MILLION)           133

TABLE 82              LEAK DETECTION MARKET FOR OIL & GAS, BY REGION,

2020–2025 (USD MILLION)           134

10.2        NORTH AMERICA             135

FIGURE 34           SNAPSHOT: LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA          135

FIGURE 35           NATURAL GAS SEGMENT TO LEAD LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA FROM 2020 TO 2025      136

TABLE 83              LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY MEDIUM, 2017–2019 (USD MILLION) 136

TABLE 84              LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY MEDIUM, 2020–2025 (USD MILLION) 136

TABLE 85              LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA,

BY TECHNOLOGY, 2017–2019 (USD MILLION)       137

TABLE 86              LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA,

BY TECHNOLOGY, 2020–2025 (USD MILLION)       137

FIGURE 36           US TO LEAD LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA FROM 2020 TO 2025 138

TABLE 87              LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)                138

TABLE 88              LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)                138

TABLE 89              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           139

TABLE 90              ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           139

TABLE 91              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)           139

TABLE 92              E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)           140

TABLE 93              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)     140

TABLE 94              FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)     140

TABLE 95              MASS/VOLUME TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)     141

TABLE 96              MASS/VOLUME TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)     141

TABLE 97              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)               141

TABLE 98              THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)               142

TABLE 99              LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           142

TABLE 100            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           142

TABLE 101            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)     143

TABLE 102            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)     143

10.2.1    US          143

10.2.1.1                Ongoing development and expansion of existing pipelines and construction of new ones to drive market growth in US      143

10.2.2    CANADA              144

10.2.2.1                Increasing adoption of government regulations in Canada to provide guidance for best management practices related to leak detection in pipelines   144

10.2.3    MEXICO               144

10.2.3.1                Ongoing development of leak detection infrastructures in Mexico to drive market growth           144

10.3        EUROPE               145

FIGURE 37           SNAPSHOT: LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE             146

TABLE 103            LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY MEDIUM,

2017–2019 (USD MILLION)           147

TABLE 104            LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY MEDIUM,

2020–2025 (USD MILLION)           147

TABLE 105            LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY TECHNOLOGY, 2017–2019 (USD MILLION)          147

TABLE 106            LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY TECHNOLOGY, 2020–2025 (USD MILLION)          148

TABLE 107            LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,

2017–2019 (USD MILLION)           148

TABLE 108            LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,

2020–2025 (USD MILLION)           149

TABLE 109            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)     149

TABLE 110            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)     150

TABLE 111            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)       150

TABLE 112            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)       151

TABLE 113            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)           151

TABLE 114            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)           152

TABLE 115            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)     152

TABLE 116            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)     153

TABLE 117            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)     153

TABLE 118            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)     154

TABLE 119            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,

2017–2019 (USD MILLION)           154

TABLE 120            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY,

2020–2025 (USD MILLION)           155

TABLE 121            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)           155

TABLE 122            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)           156

10.3.1    RUSSIA 156

10.3.1.1                Surging requirement of leak detection technologies and systems in Russia as it is second-largest producer of oil and gas in world    156

10.3.2    UKRAINE             156

10.3.2.1                Rising demand for leak detection technologies and systems for use in dense network of primary and secondary pipelines of Ukraine 156

10.3.3    GERMANY           157

10.3.3.1                Importing of petroleum and other liquids through several pipelines and seaports to contribute to demand for leak detection technologies and systems in Germany              157

10.3.4    UK          157

10.3.4.1                Launching of new oil and gas projects in UK to fuel demand for leak detection technologies and systems                157

10.3.5    FRANCE                158

10.3.5.1                Increasing focus on stringent implementation of government regulations pertaining to deployment of leak detection systems to fuel market growth in France          158

10.3.6    ITALY     158

10.3.6.1                Emerging of Italy as major transit country for crude oil increases requirement of leak detection technologies and systems            158

10.3.7    REST OF EUROPE              158

10.4        APAC     159

FIGURE 38           SNAPSHOT: LEAK DETECTION MARKET FOR OIL & GAS IN APAC  160

TABLE 123            LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY MEDIUM,

2017–2019 (USD MILLION)           161

TABLE 124            LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY MEDIUM,

2020–2025 (USD MILLION)           161

FIGURE 39           E-RTTM SEGMENT OF LEAK DETECTION MARKET FOR OIL & GAS IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025        161

TABLE 125            LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY TECHNOLOGY,

2017–2019 (USD MILLION)           162

TABLE 126            LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY TECHNOLOGY,

2020–2025 (USD MILLION)           162

FIGURE 40           LEAK DETECTION MARKET FOR OIL & GAS IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025     163

TABLE 127            LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY,

2017–2019 (USD MILLION)           163

TABLE 128            LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY,

2020–2025 (USD MILLION)           164

TABLE 129            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)     164

TABLE 130            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)     165

TABLE 131            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION) 165

TABLE 132            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION) 166

TABLE 133            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)       166

TABLE 134            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)       167

TABLE 135            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)     167

TABLE 136            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)     168

TABLE 137            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)           168

TABLE 138            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)           169

TABLE 139            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)     169

TABLE 140            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)     170

TABLE 141            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)           170

TABLE 142            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)           171

10.4.1    CHINA   171

10.4.1.1                Increasing demand for electricity and natural gas-fired power to contribute to growth of leak detection market for oil & gas in China        171

10.4.2    AUSTRALIA         172

10.4.2.1                Flourishing oil and gas industry to drive the market for leak detection technologies and systems in Australia                172



10.4.3    KAZAKHSTAN    172

10.4.3.1                Growing interest of Kazakhstan for development of its oil and natural gas industry to fuel demand for leak detection technologies and systems       172

10.4.4    INDIA    172

10.4.4.1                Increasing government support to promote production and consumption of natural gas in India                172

10.4.5    INDONESIA         173

10.4.5.1                Ongoing oil and gas exploration activities in Indonesia to contribute to demand for leak detection technologies and systems            173

10.4.6    JAPAN  173

10.4.6.1                Growing demand for leak detection systems in Japan as it is largest importer of oil           173

10.4.7    REST OF APAC (ROAPAC)              173

10.5        SOUTH AND CENTRAL AMERICA                174

TABLE 143            LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY MEDIUM, 2017–2019 (USD MILLION)             174

TABLE 144            LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY MEDIUM, 2020–2025 (USD MILLION)             174

TABLE 145            LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY TECHNOLOGY, 2017–2019 (USD MILLION) 175

TABLE 146            LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY TECHNOLOGY, 2020–2025 (USD MILLION) 175

TABLE 147            LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY, 2017–2019 (USD MILLION) 176

TABLE 148            LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY, 2020–2025 (USD MILLION) 176

TABLE 149            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           176

TABLE 150            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           177

TABLE 151            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)               177

TABLE 152            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)               178

TABLE 153            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           178

TABLE 154            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           179

TABLE 155            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           179

TABLE 156            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           180

TABLE 157            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           180

TABLE 158            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           181

TABLE 159            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)           181

TABLE 160            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)           182

TABLE 161            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2017–2019 (USD MILLION)           182

TABLE 162            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN SOUTH AND CENTRAL AMERICA, BY COUNTRY,

2020–2025 (USD MILLION)           183

10.5.1    ARGENTINA       183

10.5.1.1                Increasing investments in Argentina to harness natural gas resources contribute to growth of leak detection market for oil & gas    183

10.5.2    BRAZIL  184

10.5.2.1                Rising upstream, midstream, and downstream activities in Brazil to attract increased investments for leak detection technologies and systems       184

10.5.3    COLOMBIA         184

10.5.3.1                Growing natural gas and oil production in Colombia to contribute to demand for leak detection technologies and systems used in pipelines         184

10.5.4    VENEZUELA        185

10.5.4.1                Increasing incidents of leakages in oil and gas pipelines and storage tanks of production facilities to fuel demand for leak detection technologies and systems in Venezuela         185

10.5.5    REST OF SOUTH AND CENTRAL AMERICA              185

10.6        MIDDLE EAST     185

TABLE 163            LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY MEDIUM, 2017–2019 (USD MILLION)         185

TABLE 164            LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY MEDIUM, 2020–2025 (USD MILLION)         186

TABLE 165            LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY TECHNOLOGY, 2017–2019 (USD MILLION)                186

TABLE 166            LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY TECHNOLOGY, 2020–2025 (USD MILLION)                186

TABLE 167            LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)       187

TABLE 168            LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)       187

TABLE 169            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)               188

TABLE 170            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)               188

TABLE 171            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)           189

TABLE 172            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)           189

TABLE 173            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)           190

TABLE 174            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)           190

TABLE 175            MASS/VOLUME TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)     191

TABLE 176            MASS/VOLUME TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)     191

TABLE 177            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)     192

TABLE 178            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)     192

TABLE 179            LASER ABSORPTION AND LIDAR LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)           193

TABLE 180            LASER ABSORPTION AND LIDAR LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)           193

TABLE 181            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2017–2019 (USD MILLION)     194

TABLE 182            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN MIDDLE EAST, BY COUNTRY, 2020–2025 (USD MILLION)     194

10.6.1    IRAN      194

10.6.1.1                Ongoing developments in oil and gas pipeline infrastructures in Iran to drive demand for leak detection technologies and systems            194

10.6.2    SAUDI ARABIA  195

10.6.2.1                Rising number of oil and gas production projects in Saudi Arabia to fuel market growth  195

10.6.3    IRAQ      195

10.6.3.1                Upcoming oil and gas production projects in Iraq to contribute to demand for leak detection technologies and systems       195

10.6.4    OMAN  196

10.6.4.1                Rising demand for natural gas to fuel growth of leak detection market for oil & gas in Oman as it is recognized as one of its leading producers           196

10.6.5    UAE       196

10.6.5.1                Increasing natural gas imports by UAE to meet its domestic demand and support upcoming natural gas projects               196

10.6.6    REST OF MIDDLE EAST    196

10.7        AFRICA 197

TABLE 183            LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY MEDIUM,

2017–2019 (USD MILLION)           197

TABLE 184            LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY MEDIUM,

2020–2025 (USD MILLION)           197

TABLE 185            LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY TECHNOLOGY, 2017–2019 (USD MILLION)           198

TABLE 186            LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY TECHNOLOGY, 2020–2025 (USD MILLION)           198

TABLE 187            LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY,

2017–2019 (USD MILLION)           199

TABLE 188            LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY,

2020–2025 (USD MILLION)           199

TABLE 189            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2017–2019 (USD MILLION)     200

TABLE 190            ACOUSTIC/ULTRASONIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2020–2025 (USD MILLION)     200

TABLE 191            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2017–2019 (USD MILLION)       200

TABLE 192            E-RTTM TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2020–2025 (USD MILLION)       201

TABLE 193            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2017–2019 (USD MILLION)           201

TABLE 194            FIBER-OPTIC TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2020–2025 (USD MILLION)           202

TABLE 195            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2017–2019 (USD MILLION)     202

TABLE 196            MASS/VOLUME BALANCE TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2020–2025 (USD MILLION)     202

TABLE 197            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2017–2019 (USD MILLION)     203

TABLE 198            THERMAL IMAGING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2020–2025 (USD MILLION)     203

TABLE 199            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2017–2019 (USD MILLION)               203

TABLE 200            LASER ABSORPTION AND LIDAR TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2020–2025 (USD MILLION)               204

TABLE 201            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2017–2019 (USD MILLION)           204

TABLE 202            VAPOR SENSING TECHNOLOGY-BASED LEAK DETECTION MARKET FOR OIL & GAS IN AFRICA, BY COUNTRY, 2020–2025 (USD MILLION)           205

10.7.1    ALGERIA              205

10.7.1.1                Ongoing pipeline projects in Algeria to lead to market growth     205

10.7.2    EGYPT   205

10.7.2.1                Increasing investments in oil and gas industry of Egypt to fuel market growth     205

10.7.3    NIGERIA               206

10.7.3.1                Evolving government regulations regarding gas transportation to encourage private investments in pipeline projects in Nigeria           206

10.7.4    LIBYA     206

10.7.4.1                Increasing focus on new and advanced oil and gas projects to fuel growth of leak detection market for oil & gas in Libya         206

10.7.5    REST OF AFRICA                206

10.8        IMPACT OF COVID-19    207

11           COMPETITIVE LANDSCAPE           208

11.1        OVERVIEW          208

11.2        MARKET EVALUATION FRAMEWORK      208

TABLE 203            OVERVIEW OF STRATEGIES DEPLOYED BY KEY LEAK DETECTION OEMS     208

11.2.1    PRODUCT PORTFOLIO    209

11.2.2    REGIONAL FOCUS            209

11.2.3    MANUFACTURING FOOTPRINT 209

11.2.4    ORGANIC/INORGANIC GROWTH STRATEGIES     209

11.3        HISTORICAL REVENUE ANALYSIS OF LEADING PLAYERS (2015–2019)         209

FIGURE 41           HISTORICAL REVENUE ANALYSIS OF LEADING PLAYERS (2015–2019)         210

11.4        MARKET RANKING ANALYSIS: LEAK DETECTION MARKET FOR OIL & GAS, 2019    211

TABLE 204            RANKING ANALYSIS OF LEAK DETECTION MARKET FOR OIL & GAS, 2019 211

11.5        MARKET SHARE ANALYSIS: LEAK DETECTION MARKET FOR OIL & GAS, 2019          211

FIGURE 42           SHARE OF TOP 5 PLAYERS IN LEAK DETECTION MARKET FOR OIL & GAS IN 2019   212

11.6        COMPANY EVALUATION MATRIX             214

11.6.1    STAR      214

11.6.2    EMERGING LEADER         214

11.6.3    PERVASIVE         214

11.6.4    PARTICIPANT     214

FIGURE 43           COMPANY EVALUATION MATRIX, 2019 215

FIGURE 44           PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS            216

11.7        START-UP EVALUATION MATRIX              217

11.7.1    PROGRESSIVE COMPANY             217

11.7.2    RESPONSIVE COMPANY                217

11.7.3    DYNAMIC COMPANY     217

11.7.4    STARTING BLOCK             217

FIGURE 45           START-UP (SME) EVALUATION MATRIX, 2019     218

11.8        KEY MARKET DEVELOPMENTS    219

11.8.1    PRODUCT LAUNCHES     219

TABLE 205            PRODUCT LAUNCHES, JANUARY 2019– OCTOBER 2020    219

11.8.2    PARTNERSHIPS AND CONTRACTS             220

TABLE 206            PARTNERSHIPS AND CONTRACTS, JANUARY 2019– OCTOBER 2020            220

11.8.3    MERGERS AND ACQUISITIONS   221

TABLE 207            MERGERS AND ACQUISITIONS, JANUARY 2018– OCTOBER 2020 221

11.8.4    EXPANSIONS     222

TABLE 208            EXPANSIONS, 2018          222



12           COMPANY PROFILES      223

12.1        INTRODUCTION                223

(Business Overview, Products/solutions/services Offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View (Key strengths/Right to win, Strategic choices made, Weakness and threats))*

12.2        KEY PLAYERS      223

12.2.1    HONEYWELL INTERNATIONAL INC.           223

FIGURE 46           HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT           224

12.2.2    EMERSON ELECTRIC CO.                228

FIGURE 47           EMERSON ELECTRIC CO.: COMPANY SNAPSHOT                229

12.2.3    ABB        232

FIGURE 48           ABB: COMPANY SNAPSHOT        232

12.2.4    KROHNE GROUP              235

12.2.5    PSI SOFTWARE AG           237

FIGURE 49           PSI SOFTWARE AG: COMPANY SNAPSHOT           238

12.2.6    ATMOS 241

12.2.7    AVEVA  243

FIGURE 50           AVEVA: COMPANY SNAPSHOT  243

12.2.8    FLIR SYSTEMS INC.           245

FIGURE 51           FLIR SYSTEMS INC.: COMPANY SNAPSHOT           245

12.2.9    HIMA    248

12.2.10  YOKOGAWA ELECTRIC CORPORATION    250

FIGURE 52           YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT    251

12.3        OTHER KEY PLAYERS        253

12.3.1    ASEL-TECH          253

12.3.2    BRIDGER PHOTONICS     254

12.3.3    FLYSCAN SYSTEMS           255

12.3.4    FOTECH GROUP                256

12.3.5    HAWK MEASUREMENT SYSTEMS              257

12.3.6    MAGNUM          258

12.3.7    MSA SAFETY       259

12.3.8    OPTASENSE LTD.              260

12.3.9    SIMULATION SOFTWARE LTD.    261

12.3.10  TTK         262

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, COVID-19-related developments, SWOT Analysis, and MnM View (Key strengths/Right to win, Strategic choices made, Weakness and threats) might not be captured in case of unlisted companies.



13           APPENDIX           263

13.1        DISCUSSION GUIDE        263

13.2        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   266

13.3        AVAILABLE CUSTOMIZATIONS   268

13.4        RELATED REPORTS           268

13.5        AUTHOR DETAILS             269

 





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

Publisher:        MarketsandMarkets

# of Pages:        230

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1 User License $4,950

Publication Date:  March, 2022

Price:       $4,950 / User License




1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKET SEGMENTATION 23
FIGURE 1 TELECOM POWER SYSTEM MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 25
1.5 STAKEHOLDERS 25
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 TELECOM POWER SYSTEM MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Primary interviews with experts 29
2.1.2.2 Breakdown of primary interviews 29
2.1.2.3 Key data from primary sources 30
2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 3 TELECOM POWER SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 TOP-DOWN APPROACH 31
2.2.1.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 33
2.2.2 BOTTOM-UP APPROACH 34
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35

2.4 RESEARCH ASSUMPTIONS 36
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 36
2.5 LIMITATIONS 37
2.6 RISK FACTORS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 TELECOM POWER SYSTEM MARKET, 2018–2027 (USD BILLION) 39
3.1 TELECOM POWER SYSTEM MARKET SCENARIO 39
FIGURE 9 GROWTH PROJECTIONS FOR TELECOM POWER SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 39
3.1.1 REALISTIC SCENARIO 40
3.1.2 PESSIMISTIC SCENARIO 40
3.1.3 OPTIMISTIC SCENARIO 40
FIGURE 10 BAD GRID SEGMENT TO HOLD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET, BY GRID TYPE, DURING FORECAST PERIOD 40
FIGURE 11 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 12 DIESEL-BATTERY SEGMENT HELD LARGEST SHARE, BY POWER SOURCE,
OF TELECOM POWER SYSTEM MARKET IN 2021 41
FIGURE 13 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN TELECOM POWER SYSTEM MARKET 43
FIGURE 14 INCREASING NUMBER OF TELECOM INFRASTRUCTURES IN REMOTE AREAS TO CREATE GROWTH OPPORTUNITIES FOR MARKET 43
4.2 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 44
FIGURE 15 DIESEL-SOLAR POWER SOURCE TO WITNESS HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 44
4.3 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 44
FIGURE 16 BAD-GRID SEGMENT HELD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET IN 2021 44
4.4 TELECOM POWER SYSTEM MARKET, BY COMPONENT 45
FIGURE 17 INVERTER COMPONENT SEGMENT TO EXPERIENCE HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 45
4.5 COUNTRY-WISE TELECOM POWER SYSTEM MARKET GROWTH 46
FIGURE 18 TELECOM POWER SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
FIGURE 20 TELECOM POWER SYSTEM MARKET DRIVERS AND THEIR IMPACT 48
5.2.1.1 Increasing number of telecom infrastructures in remote areas 48
TABLE 2 4G TECHNOLOGY PENETRATION IN URBAN VS RURAL AREAS 49
5.2.1.2 Growing adoption of telecom services and high data traffic 49
FIGURE 21 MOBILE DATA TRAFFIC 2018–2022 49
TABLE 3 PENETRATION OF INDIVIDUALS USING INTERNET 50
5.2.1.3 Rising awareness about reducing carbon footprint from telecom power systems 50
5.2.2 RESTRAINTS 51
FIGURE 22 TELECOM POWER SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 51
5.2.2.1 High deployment and operational costs 51
5.2.2.2 Environmental concerns due to usage of diesel 51
5.2.3 OPPORTUNITY 52
FIGURE 23 TELECOM POWER SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Growing adoption of hybrid power systems 52
5.2.3.2 Increasing technological advancements in cellular networks
(5G, LTE services, etc.) 53
TABLE 4 4G TECHNOLOGY PENETRATION 53
5.2.3.3 Surging requirements for advanced telecom infrastructure and
M2M connections 53
FIGURE 24 CELLULAR IOT CONNECTIONS, 2019 VS. 2025 54
5.2.3.4 Rising use of GaN-based power devices with evolution of 5G technology 54
5.2.4 CHALLENGES 55
FIGURE 25 TELECOM POWER SYSTEM MARKET CHALLENGES AND THEIR IMPACT 55
5.2.4.1 Lack of infrastructure development for energy management 55
5.2.4.2 Design challenges for telecom power systems 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO TELECOM POWER SYSTEM MARKET 56
5.4 ECOSYSTEM/MARKET MAP 57
TABLE 5 TELECOM POWER SYSTEM MARKET: ECOSYSTEM 57
FIGURE 27 KEY PLAYERS IN TELECOM POWER SYSTEM ECOSYSTEM 58
5.4.1 TELECOM POWER SYSTEM MANUFACTURERS 58
5.4.2 TELECOM NETWORK SOLUTION PROVIDERS 58
5.4.3 SYSTEM INTEGRATORS 58
5.4.4 NETWORK OPERATORS 59
5.5 TECHNOLOGY ANALYSIS 59
5.5.1 5G NETWORK 59
5.5.2 SMART MANUFACTURING 59
5.5.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 60
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 28 VALUE CHAIN: TELECOM POWER SYSTEM MARKET 60

5.7 PATENT ANALYSIS 62
TABLE 6 NOTABLE PATENTS PERTAINING TO TELECOM POWER SYSTEM MARKET 62
TABLE 7 NUMBER OF PATENTS REGISTERED RELATED TO TELECOM POWER SYSTEM MARKET IN LAST 10 YEARS 66
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS 67
FIGURE 30 NO. OF PATENTS GRANTED PER YEAR, 2012–2021 67
5.8 REGULATORY LANDSCAPE 68
5.8.1 NORTH AMERICA 68
5.8.2 EUROPE 68
5.8.3 APAC 69
5.8.4 GLOBAL 69
5.9 TRADE DATA 69
5.9.1 IMPORT DATA 70
TABLE 8 IMPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.9.2 EXPORT DATA 70
TABLE 9 EXPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 POWERING OF LARGE TELECOM AND SEASONAL AIR CONDITIONING 71
5.10.2 ADVANCED REMOTE TELECOM SITE AUTOMATION 71
5.10.3 OFF-GRID LTE WIRELESS NETWORKS 72
5.10.4 HYBRID OFF-GRID TELECOM SITES 72
5.10.5 HD-PLC FOR A FASTER, CHEAPER SMART METERING 73
5.11 KEY CONFERENCES & EVENTS DURING 2022–2023 73
TABLE 10 TELECOM POWER SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS 73
5.12 PORTER’S FIVE FORCE ANALYSIS 77
TABLE 11 IMPACT OF PORTER’S FIVE FORCES ON TELECOM POWER SYSTEM MARKET 77
FIGURE 31 TELECOM POWER SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.12.2 THREAT OF SUBSTITUTES 78
5.12.3 BARGAINING POWER OF BUYERS 78
5.12.4 BARGAINING POWER OF SUPPLIERS 78
5.12.5 THREAT OF NEW ENTRANTS 78
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 79
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES 79
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES (%) 79
5.13.2 BUYING CRITERIA 80
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
5.14 AVERAGE SELLING PRICE (ASP) ANALYSIS 81
FIGURE 34 GLOBAL ASP OF TELECOM POEWR SYSTEMS, 2021 81
6 TELECOM POWER SYSTEM MARKET, BY COMPONENT 82
6.1 INTRODUCTION 83
FIGURE 35 INVERTERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 83
TABLE 14 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 83
TABLE 15 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 84
6.2 RECTIFIERS 84
6.2.1 RECTIFIERS CONVERT ALTERNATING CURRENT TO DIRECT CURRENT AND PROVIDE POWER TO CHARGE BATTERIES 84
6.3 INVERTERS 85
6.3.1 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 85
6.4 CONVERTERS 85
6.4.1 MAJOR FUNCTION OF CONVERTERS IS TO CONVERT UNREGULATED VOLTAGE INTO REGULATED VOLTAGE 85
6.5 CONTROLLERS 86
6.5.1 CONTROLLERS PROVIDE INTELLIGENT CONTROL AND MONITOR OPERATIONAL PARAMETERS OF TEMECOM POEWR SYSTEMS 86
6.6 HEAT MANAGEMENT SYSTEMS 86
6.6.1 HEAT MANAGEMENT SYSTEMS OFFER INCLUDE HEAT EXCHANGE, DIRECT VENTILATION, THERMOELECTRIC COOLING, AND DC-POWERED AIR CONDITIONING 86
6.7 GENERATORS 87
6.7.1 GENERATORS PROVIDE RELIABILITY AND LONG HOURS OF USE IN REMOTE LOCATIONS WITHOUT COMPROMISING PERFORMANCE 87
6.8 OTHERS 87
6.8.1 POWER DISTRIBUTION UNITS 87
6.8.2 BATTERIES 88
6.8.3 SOLAR OR PV CELLS 88
6.8.4 WIND TURBINES 88
6.8.5 SURGE PROTECTION DEVICES 89
6.8.6 CIRCUIT BREAKERS 89
7 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 91
7.1 INTRODUCTION 92
FIGURE 36 TELECOM POWER SYSTEM FOR OFF-GRID TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 16 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2018–2021 (USD MILLION) 92
TABLE 17 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2022–2027 (USD MILLION) 92

7.2 ON-GRID 93
7.2.1 ON-GRID-CONNECTED TELECOM POWER SYSTEMS HAVE LOWER ENVIRONMENTAL IMPACT 93
TABLE 18 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2018–2021 (USD MILLION) 93
TABLE 19 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2022–2027 (USD MILLION) 93
7.3 OFF-GRID 94
7.3.1 OFF-GRID-CONNECTED TELECOM POWER SYSTEMS ARE EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 94
TABLE 20 TELECOM POWER SYSTEM MARKET FOR OFF-GRID, BY REGION,
2018–2021 (USD MILLION) 94
TABLE 21 TELECOM POWER SYSTEM MARKET FOR OFF-GRID BY REGION,
2022–2027 (USD MILLION) 95
7.4 BAD GRID 95
7.4.1 BAD GRID-CONNECTED TELECOM POWER SYSTEMS ARE MAINLY USED IN DEVELOPING ECONOMIES SUCH AS INDIA, BRAZIL, AND AFRICAN COUNTRIES 95
TABLE 22 TELECOM POWER SYSTEM MARKET FOR BAD GRID, BY REGION,
2018–2021 (USD MILLION) 96
TABLE 23 TELECOM POWER SYSTEM MARKET FOR BAD GRID BY REGION,
2022–2027 (USD MILLION) 96
8 TELECOM POWER SYSTEM MARKET, BY POWER RATING 97
8.1 INTRODUCTION 98
FIGURE 37 TELECOM POWER SYSTEMS WITH BELOW 10 KW POWER RATING TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 24 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (USD MILLION) 98
TABLE 25 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (USD MILLION) 99
TABLE 26 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (THOUSAND UNITS) 99
TABLE 27 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (THOUSAND UNITS) 99
8.2 BELOW 10 KW 100
8.2.1 TELECOM POWER SYSTEMS BELOW 10 KW ARE MAINLY USED IN CELL TOWERS, BTS, AND BASE STATIONS FOR TELECOM TOWERS 100
8.3 10–20 KW 100
8.3.1 POWER SYSTEMS OF 10–20 KW RATING ARE PRIMARILY USED IN
5G TOWERS AND RECTIFIER MODULES 100
8.4 ABOVE 20 KW 100
8.4.1 POWER SYSTEMS ABOVE 20 KW ARE MAINLY USED IN ACCESS NETWORKS, DATA CENTERS, AND INDOOR POWER SYSTEMS 100

9 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 101
9.1 INTRODUCTION 102
FIGURE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL-SOLAR POWER SOURCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 28 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2018–2021 (USD MILLION) 102
TABLE 29 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2022–2027 (USD MILLION) 103
9.2 DIESEL–BATTERY POWER SOURCE 103
9.2.1 DIESEL–BATTERY POWER SOURCE IS MOST COMMON POWER SOURCE USED FOR TELECOM POWER SYSTEMS 103
TABLE 30 ADVANTAGES OF DIESEL–BATTERY POWER SOURCE 103
TABLE 31 DISADVANTAGES OF DIESEL–BATTERY POWER SOURCE 104
TABLE 32 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE BY REGION, 2022–2027 (USD MILLION) 105
TABLE 34 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 105
TABLE 35 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 105
TABLE 36 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 37 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 39 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 40 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 41 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 107
9.3 DIESEL–SOLAR POWER SOURCE 108
9.3.1 DIESEL–SOLAR POWER SOURCE IS DESIGNED TO USE IN MORE REMOTE CELLULAR BASE STATIONS 108
TABLE 42 ADVANTAGES OF DIESEL–SOLAR POWER SOURCE 108
TABLE 43 DISADVANTAGES OF DIESEL–SOLAR POWER SOURCE 109
TABLE 44 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 45 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 110
TABLE 46 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 47 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 48 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 49 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 50 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 51 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 52 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 53 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 112
9.4 DIESEL–WIND POWER SOURCE 113
9.4.1 DIESEL–WIND POWER SYSTEMS ARE WELL SUITED IN BAD-GRID AND OFF-GRID AREAS 113
TABLE 54 ADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 55 DISADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 56 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 114
TABLE 57 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 114
TABLE 58 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 114
TABLE 59 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 60 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 61 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 62 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 63 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 64 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 65 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 117
9.5 MULTIPLE POWER SOURCES (DIESEL/SOLAR/WIND/BATTERY/BIOMASS) 117
9.5.1 MULTIPLE POWER SOURCES ENABLE COST-EFFECTIVE WAY OF GENERATING ELECTRICITY 117
TABLE 66 ADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 67 DISADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 68 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 69 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2022–2027 (USD MILLION) 119
TABLE 70 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 71 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 72 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 73 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 74 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 75 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 76 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 77 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2022–2027 (USD MILLION) 121
10 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY 122
10.1 INTRODUCTION 123
FIGURE 39 DC POWER SYSTEMS TO HOLD LARGER SHARE OF TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 123
TABLE 78 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION) 123
TABLE 79 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION) 123
10.2 AC POWER SYSTEMS 124
10.2.1 AC POWER SYSTEMS ARE MAINLY USED FOR TESTING RF AMPLIFIERS, SATELLITES, AND DATA CENTERS 124
10.3 DC POWER SYSTEMS 124
10.3.1 DC POWER SYSTEMS ARE MAINLY USED IN TELECOM POWER SYSTEMS 124
11 GEOGRAPHIC ANALYSIS 125
11.1 INTRODUCTION 126
FIGURE 40 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 80 TELECOM POWER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION) 126
TABLE 81 TELECOM POWER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION) 127
11.2 NORTH AMERICA 127
FIGURE 41 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN NORTH AMERICA 128
TABLE 82 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 128
TABLE 83 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 84 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 129
TABLE 85 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 129

11.2.1 US 129
11.2.1.1 US held largest size of North American market in 2021 129
TABLE 86 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2018–2021 (USD MILLION) 130
TABLE 87 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2022–2027 (USD MILLION) 130
11.2.2 CANADA 131
11.2.2.1 Demand for telecom power systems in Canada is primarily driven by development of telecom infrastructure in rural areas 131
TABLE 88 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2018–2021 (USD MILLION) 131
TABLE 89 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2022–2027 (USD MILLION) 131
11.2.3 MEXICO 132
11.2.3.1 Mexico is estimated to be fastest-growing market in North America during forecast period 132
TABLE 90 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2018–2021 (USD MILLION) 132
TABLE 91 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2022–2027 (USD MILLION) 132
11.3 EUROPE 133
FIGURE 42 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN EUROPE 134
TABLE 92 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 134
TABLE 93 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 135
TABLE 94 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2018–2021 (USD MILLION) 135
TABLE 95 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2022–2027 (USD MILLION) 135
11.3.1 UK 136
11.3.1.1 UK is expected to be fastest-growing market in Europe during forecast period 136
TABLE 96 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2018–2021 (USD MILLION) 136
TABLE 97 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2022–2027 (USD MILLION) 136
11.3.2 GERMANY 137
11.3.2.1 Germany held largest share of telecom power system market in Europe in 2021 137
TABLE 98 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2018–2021 (USD MILLION) 137
TABLE 99 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2022–2027 (USD MILLION) 137

11.3.3 FRANCE 138
11.3.3.1 Expected introduction of upcoming 5G technology provides significant investment opportunities for leading telecom power system providers in France 138
TABLE 100 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2018–2021 (USD MILLION) 138
TABLE 101 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2022–2027 (USD MILLION) 138
11.3.4 SPAIN 139
11.3.4.1 Spain has developed telecommunication services with various new technologies and innovation trends 139
TABLE 102 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2018–2021 (USD MILLION) 139
TABLE 103 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2022–2027 (USD MILLION) 139
11.3.5 REST OF EUROPE 140
TABLE 104 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2018–2021 (USD MILLION) 140
TABLE 105 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2022–2027 (USD MILLION) 140
11.4 APAC 140
FIGURE 43 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN APAC 141
TABLE 106 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 142
TABLE 107 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 142
TABLE 108 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2018–2021 (USD MILLION) 142
TABLE 109 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2022–2027 (USD MILLION) 143
11.4.1 CHINA 143
11.4.1.1 China held largest share of telecom power system market in APAC
in 2021 143
TABLE 110 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2018–2021 (USD MILLION) 144
TABLE 111 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2022–2027 (USD MILLION) 144
11.4.2 JAPAN 144
11.4.2.1 Development and deployment of advanced telecom network infrastructures present opportunities for telecom power system providers in Japan 144
TABLE 112 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2018–2021 (USD MILLION) 145
TABLE 113 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2022–2027 (USD MILLION) 145

11.4.3 SOUTH KOREA 145
11.4.3.1 South Korea is among leaders in terms of development of telecom networks 145
TABLE 114 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2018–2021 (USD MILLION) 146
TABLE 115 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2022–2027 (USD MILLION) 146
11.4.4 INDIA 146
11.4.4.1 India is expected to be fastest-growing market during forecast period 146
TABLE 116 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2018–2021 (USD MILLION) 147
TABLE 117 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2022–2027 (USD MILLION) 147
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Technological advancements and telecom infrastructure developments propel growth of telecom power system market 148
TABLE 118 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2018–2021 (USD MILLION) 148
TABLE 119 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2022–2027 (USD MILLION) 148
11.4.6 REST OF APAC 149
TABLE 120 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2018–2021 (USD MILLION) 149
TABLE 121 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2022–2027 (USD MILLION) 149
11.5 ROW 150
TABLE 122 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 150
TABLE 123 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 150
TABLE 124 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2018–2021 (USD MILLION) 150
TABLE 125 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2022–2027 (USD MILLION) 151
11.5.1 MIDDLE EAST AND AFRICA 151
11.5.1.1 Middle East and Africa are expected to witness higher growth of market in RoW during forecast period 151
TABLE 126 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2018–2021 (USD MILLION) 152
TABLE 127 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2022–2027 (USD MILLION) 152
11.5.2 SOUTH AMERICA 152
11.5.2.1 Deployment of telecom infrastructures in rural areas propels growth of market in South America 152
TABLE 128 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 153
TABLE 129 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 153
12 COMPETITIVE LANDSCAPE 154
12.1 OVERVIEW 154
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 154
TABLE 130 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 154
12.2.1 PRODUCT PORTFOLIO 156
12.2.2 REGIONAL FOCUS 156
12.2.3 MANUFACTURING FOOTPRINT 156
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 156
12.3 MARKET SHARE ANALYSIS: TELECOM POWER SYSTEM MARKET, 2021 157
TABLE 131 TELECOM POWER SYSTEM MARKET: DEGREE OF COMPETITION, 2021 157
12.4 5-YEAR COMPANY REVENUE ANALYSIS 158
FIGURE 44 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN TELECOM POWER SYSTEM MARKET 158
12.5 COMPANY EVALUATION QUADRANT 158
12.5.1 STAR 158
12.5.2 EMERGING LEADER 158
12.5.3 PERVASIVE 159
12.5.4 PARTICIPANT 159
FIGURE 45 TELECOM POWER SYSTEM COMPANY EVALUATION QUADRANT, 2021 159
12.5.5 COMPANY FOOTPRINT 160
TABLE 132 OVERALL COMPANY FOOTPRINT 160
TABLE 133 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS POWER SOURCES 161
TABLE 134 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS COMPONENTS 162
TABLE 135 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS 163
12.6 START-UP/SME EVALUATION MATRIX 164
TABLE 136 LIST OF START-UPS IN TELECOM POWER SYSTEM MARKET 164
12.6.1 PROGRESSIVE COMPANIES 165
12.6.2 RESPONSIVE COMPANIES 165
12.6.3 DYNAMIC COMPANIES 165
12.6.4 STARTING BLOCKS 165
FIGURE 46 TELECOM POWER SYSTEM MARKET, STARTUP/SME EVALUATION MATRIX, 2021 166
12.7 COMPETITIVE SITUATIONS AND TRENDS 167
12.7.1 PRODUCT LAUNCHES 167
TABLE 137 PRODUCT LAUNCHES, 2020–2022 167
12.7.2 DEALS 173
TABLE 138 DEALS, 2020–2022 173

13 COMPANY PROFILES 175
13.1 INTRODUCTION 175
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
13.2 KEY PLAYERS 175
13.2.1 EATON 175
TABLE 139 EATON: COMPANY SNAPSHOT 176
FIGURE 47 EATON: COMPANY SNAPSHOT 176
13.2.2 HUAWEI TECHNOLOGIES 182
TABLE 140 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 182
FIGURE 48 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 183
13.2.3 CUMMINS 188
TABLE 141 CUMMINS: COMPANY SNAPSHOT 188
FIGURE 49 CUMMINS: COMPANY SNAPSHOT 189
13.2.4 ZTE CORPORATION 192
TABLE 142 ZTE CORPORATION: COMPANY SNAPSHOT 192
FIGURE 50 ZTE CORPORATION: COMPANY SNAPSHOT 193
13.2.5 GENERAL ELECTRIC 197
TABLE 143 GENERAL ELECTRIC: COMPANY SNAPSHOT 197
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 198
13.2.6 SCHNEIDER ELECTRIC 201
TABLE 144 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 201
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
13.2.7 ALPHA TECHNOLOGIES 205
TABLE 145 ALPHA TECHNOLOGIES: COMPANY SNAPSHOT 205
13.2.8 DELTA ELECTRONICS 207
TABLE 146 DELTA ELECTRONICS: COMPANY SNAPSHOT 207
FIGURE 53 DELTA ELECTRONICS: COMPANY SNAPSHOT 208
13.2.9 ABB 210
TABLE 147 ABB: COMPANY SNAPSHOT 210
FIGURE 54 ABB: COMPANY SNAPSHOT 211
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 214
13.3.1 ASCOT INDUSTRIAL 214
TABLE 148 ASCOT INDUSTRIAL: COMPANY SNAPSHOT 214
13.3.2 UNIPOWER 215
TABLE 149 UNIPOWER: COMPANY SNAPSHOT 215
13.3.3 DYNAMIC POWER GROUP 216
TABLE 150 DYNAMIC POWER GROUP: COMPANY SNAPSHOT 216
13.3.4 EFORE 217
TABLE 151 EFORE: COMPANY SNAPSHOT 217
13.3.5 HANGZHOU ZHONGHENG POWER ENERGY 217
TABLE 152 HANGZHOU ZHONHENG POWER ENERGY: COMPANY SNAPSHOT 217
13.3.6 MYERS POWER PRODUCTS 218
TABLE 153 MYERS POWER PRODUCTS: COMPANY SNAPSHOT 218
13.3.7 STATICON 219
TABLE 154 STATICON: COMPANY SNAPSHOT 219
13.3.8 VERTIV GROUP 220
TABLE 155 VERTIV GROUP: COMPANY SNAPSHOT 220
13.3.9 VOLTSERVER 221
TABLE 156 VOLTSERVER: COMPANY SNAPSHOT 221
13.3.10 JMA WIRELESS 221
TABLE 157 JMA WIRELESS: COMPANY SNAPSHOT 221
13.3.11 CORNING INCORPORATED 222
TABLE 158 CORNING INCORPORATED: COMPANY SNAPSHOT 222
14 APPENDIX 223
14.1 DISCUSSION GUIDE 223
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 226
14.3 AVAILABLE CUSTOMIZATION 228
14.4 RELATED REPORTS 228
14.5 AUTHOR DETAILS 229

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

Publisher:        MarketsandMarkets

# of Pages:        184

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Publication Date:  March, 2022

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION AND SCOPE 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY 27
1.5 MARKET STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMART LOCK MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 30
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Primary Expert Interviews 31
2.1.2.2 Key data from primary sources 32
2.1.2.3 Key industry insights 32
2.1.2.4 Breakdown of primaries 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 2 PROCESS FLOW 35
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach for calculating market share through bottom-up analysis (demand side) 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach for calculating market share through top-down analysis (supply side) 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3 MARKET RANKING ESTIMATION 37
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 RESEARCH ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
FIGURE 6 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 7 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 8 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 42
FIGURE 9 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 10 SMART LOCK MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN
2022 AND 2027 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN SMART LOCK MARKET 44
FIGURE 11 RISING DEMAND FOR INTERNET-BASED SECURITY SOLUTIONS TO DRIVE GROWTH OF SMART LOCK MARKET 44
4.2 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 44
FIGURE 12 US AND RESIDENTIAL VERTICAL TO DOMINATE NORTH AMERICAN SMART LOCK MARKET DURING FORECAST PERIOD 44
4.3 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE 45
FIGURE 13 SMART LOCK MARKET FOR DEADBOLT LOCKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 45
4.4 SMART LOCK MARKET, BY COUNTRY 45
FIGURE 14 CHINA TO ACCOUNT FOR HIGHEST GROWTH RATE IN GLOBAL SMART LOCK MARKET IN 2022 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 15 SMART LOCK MARKET DYNAMICS 46
FIGURE 16 DRIVERS AND THEIR IMPACT ON SMART LOCK MARKET 47
FIGURE 17 OPPORTUNITIES AND THEIR IMPACT ON SMART LOCK MARKET 48
FIGURE 18 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON SMART LOCK MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Growing security concerns 49
5.2.1.2 Enhanced features compared with traditional lock systems 50
5.2.1.3 Rising adoption of smartphones and other connected devices 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost and perception of unreliability 50
5.2.2.2 Lack of awareness among customers 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Increasing adoption of IoT-based security systems 51
5.2.3.2 Rapid urbanization in emerging nations 51
5.2.3.3 Global proliferation of smart cities 52
5.2.4 CHALLENGES 52
5.2.4.1 Risk of cyberattacks through smart devices and IoT-enabled devices 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY RAW MATERIAL SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS 53
5.4 SMART LOCK MARKET ECOSYSTEM 54
FIGURE 20 SMART LOCK MARKET ECOSYSTEM 54
6 SMART LOCK MARKET, BY LOCK TYPE 55
6.1 INTRODUCTION 56
FIGURE 21 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
TABLE 1 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (USD MILLION) 56
TABLE 2 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (USD MILLION) 57
TABLE 3 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (MILLION UNITS) 57
TABLE 4 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (MILLION UNITS) 58
6.2 DEADBOLT LOCKS 58
6.2.1 INCREASING DEPLOYMENT OF DEADBOLT LOCKS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 58
FIGURE 22 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART LOCK MARKET FOR DEADBOLTS DURING FORECAST PERIOD 59
TABLE 5 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 59
TABLE 6 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 59
6.3 LEVER HANDLES 60
6.3.1 CONVENIENT STRUCTURE AND THEIR COMPLIANCE WITH US DISABILITIES ACT 1990 TO FUEL DEMAND FOR LEVER HANDLES 60
TABLE 7 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2018–2021 (USD MILLION) 60
TABLE 8 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2022–2027 (USD MILLION) 60
6.4 SERVER LOCKS AND LATCHES 61
6.4.1 RISING CONCERNS REGARDING CYBERATTACKS TO FUEL DEMAND FOR SERVER LOCKS AND LATCHES 61
TABLE 9 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2018–2021 (USD MILLION) 61
TABLE 10 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2022–2027 (USD MILLION) 61
6.5 KNOB LOCKS 62
6.5.1 GROWING USE OF KNOB LOCKS WITH DEADBOLTS ON EXTERIOR DOORS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 62
TABLE 11 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 62
TABLE 12 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 62
6.6 OTHERS 63
TABLE 13 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2018–2021 (USD MILLION) 63
TABLE 14 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2022–2027 (USD MILLION) 63
7 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL 64
7.1 INTRODUCTION 65
FIGURE 23 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 65
TABLE 15 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2018–2021 (USD MILLION) 65
TABLE 16 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2022–2027 (USD MILLION) 66
7.2 WI-FI 66
7.2.1 CONNECTIVITY BENEFITS OFFERED BY WI-FI TO DRIVE MARKET GROWTH 66
7.3 BLUETOOTH 67
7.3.1 WIDE RANGE, LOW POWER CONSUMPTION, AND HIGH RELIABILITY AND BANDWIDTH FEATURES TO FUEL MARKET GROWTH 67
7.4 Z-WAVE 67
7.4.1 GROWING POPULARITY OF RELIABILITY AND HIGH-SPEED FEATURES OF Z-WAVE TO DRIVE MARKET GROWTH 67
7.5 OTHERS 67
7.5.1 ZIGBEE 67
7.5.2 THREAD 67
7.5.3 NFC 67
8 SMART LOCK MARKET, BY UNLOCKING MECHANISM 68
8.1 INTRODUCTION 69
FIGURE 24 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 69
TABLE 17 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2018–2021 (USD MILLION) 69
TABLE 18 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2022–2027 (USD MILLION) 70
8.2 KEYPAD 70
8.2.1 INTEGRATION OF KEYPADS WITH ACCESS CONTROL SYSTEMS TO DRIVE MARKET GROWTH 70
8.3 CARD KEY 71
8.3.1 GROWING USE OF RADIO FREQUENCY IDENTIFICATION (RFID) MAGNETIC DOOR LOCKS IN COMMERCIAL OFFICE BUILDINGS TO DRIVE MARKET GROWTH 71
8.3.1.1 Low frequency 71
8.3.1.2 High frequency 71
8.3.1.3 Ultra-high frequency 71

8.4 TOUCH BASED 72
8.4.1 GROWING ADOPTION OF AUTOMATED FINGERPRINT IDENTIFICATION SYSTEMS (AFISS) TO FUEL DEMAND FOR FINGERPRINT RECOGNITION SOLUTIONS USED IN SMART LOCK MECHANISM 72
8.5 KEY FOBS 73
8.5.1 RISE IN REPLACEMENT OF OLD METAL KEY SYSTEMS WITH ELECTRONIC FOB SYSTEMS TO DRIVE MARKET GROWTH 73
8.6 SMARTPHONE BASED 73
8.6.1 GROWING ADOPTION OF SMART HOMES TO INCREASE DEMAND FOR SMARTPHONE-BASED DOOR LOCKING SYSTEMS 73
9 SMART LOCK MARKET, BY VERTICAL 74
9.1 INTRODUCTION 75
FIGURE 25 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 75
TABLE 19 SMART LOCK MARKET, BY VERTICAL, 2018–2021 (USD MILLION) 75
TABLE 20 SMART LOCK MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 76
9.2 COMMERCIAL 76
9.2.1 HOSPITALITY 76
9.2.1.1 Increasing adoption of smart locks in hotels, vacation rental properties, resorts, casinos, and cruise ships to boost market growth 76
9.2.2 RETAIL STORES AND MALLS 77
9.2.2.1 Retail stores and malls segment to witness healthy growth in smart lock market 77
9.2.3 HEALTHCARE 77
9.2.3.1 Growing use of smart locks in healthcare sector to ensure access only to authorized users to boost market growth 77
9.2.4 BANKS AND FINANCIAL CENTRES 77
9.2.4.1 Increasing trend of biometric and multifactor authentication in banking and financial institutions to drive market growth 77
9.2.5 ENTERPRISES AND DATA CENTRES 78
9.2.5.1 Rising demand for security smart cards and biometric access systems to prevent minor security risks in enterprises to drive market growth 78
TABLE 21 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2018–2021 (USD MILLION) 78
TABLE 22 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2022–2027 (USD MILLION) 78
TABLE 23 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 79
TABLE 24 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 79
TABLE 25 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 79
TABLE 26 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 27 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 80
TABLE 28 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 29 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 81
TABLE 30 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 81
TABLE 31 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 32 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 33 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 82
TABLE 34 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 82
9.3 RESIDENTIAL 83
9.3.1 CONDOMINIUM 83
9.3.1.1 Growing use of smart locks in condominiums or multi-family apartments to prevent invasion, unauthorized access, theft, and burglary to drive market growth 83
9.3.2 INDIVIDUAL HOUSES 83
9.3.2.1 Rising adoption of smart locks by individual house owners to ensure security and safety to drive market growth 83
FIGURE 26 CONDOMINIUM SEGMENT TO HOLD LARGER SHARE OF SMART LOCK MARKET FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 83
TABLE 35 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2018–2021 (USD MILLION) 84
TABLE 36 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2022–2027 (USD MILLION) 84
FIGURE 27 APAC TO REGISTER HIGHEST CAGR IN SMART LOCK FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 84
TABLE 37 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 85
TABLE 38 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 85
TABLE 39 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 85
TABLE 40 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 41 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 86
TABLE 42 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 43 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 87
TABLE 44 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 87
TABLE 45 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 87
TABLE 46 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 88
TABLE 47 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 88
TABLE 48 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 88
9.4 INSTITUTIONAL & GOVERNMENT 89
9.4.1 INCREASING DEMAND FOR SMART LOCKS IN GOVERNMENT VERTICAL TO RESTRICT UNAUTHORIZED ENTRIES TO DRIVE MARKET GROWTH 89
TABLE 49 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 89
TABLE 50 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 89
TABLE 51 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 52 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 90
TABLE 53 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 54 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 55 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 56 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 57 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 58 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 59 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 92
TABLE 60 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 93
9.5 TRANSPORTATION & LOGISTICS 93
9.5.1 RISING ADOPTION OF BIOMETRICS-BASED ACCESS CONTROL USING SMART LOCKS BY AIRPORT OPERATORS TO DRIVE MARKET GROWTH 93
TABLE 61 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 93
TABLE 62 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 94
TABLE 63 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 64 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 94
TABLE 65 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 66 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 67 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 68 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 69 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 96
TABLE 70 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 96
TABLE 71 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 97
TABLE 72 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 97
9.6 INDUSTRIAL 98
9.6.1 MANUFACTURING 98
9.6.1.1 Increased need for protecting people and properties across manufacturing sites to create growth opportunities for market players 98
9.6.2 OIL & GAS 98
9.6.2.1 Ability of smart locks to provide suitable and enhanced security to fuel their demand in oil & gas vertical 98
9.6.3 ENERGY & POWER 98
9.6.3.1 Rising demand for smart locks in energy and power vertical to prevent unauthorized access to drive market growth 98
TABLE 73 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2018–2021 (USD MILLION) 98
TABLE 74 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2022–2027 (USD MILLION) 99
TABLE 75 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 99
TABLE 76 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 99
TABLE 77 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 78 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 79 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 80 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 81 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 101
TABLE 82 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 83 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 102
TABLE 84 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 102
TABLE 85 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 102
TABLE 86 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 103
10 SMART LOCK MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 28 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 87 SMART LOCK MARKET, BY REGION, 2018–2021 (USD MILLION) 105
TABLE 88 SMART LOCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106
10.2 NORTH AMERICA 106
FIGURE 29 NORTH AMERICA MARKET SNAPSHOT 107
TABLE 89 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 107
TABLE 90 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 108
TABLE 91 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 108
TABLE 92 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 108
TABLE 93 SMART LOCK MARKET IN US, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 94 SMART LOCK MARKET IN US, BY VERTICAL, 2022–2027 (USD MILLION) 109
TABLE 95 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 96 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2022–2027 (USD MILLION) 110
TABLE 97 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2018–2021 (USD MILLION) 110
TABLE 98 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2022–2027 (USD MILLION) 110
10.2.1 US 111
10.2.1.1 US to hold largest share of North American smart lock market 111
10.2.2 CANADA 111
10.2.2.1 Growing awareness regarding internet-based safety and security to drive growth of smart lock market in Canada 111
10.2.3 MEXICO 111
10.2.3.1 Mexico to be lucrative market for smart locks 111
10.3 EUROPE 111
FIGURE 30 EUROPE MARKET SNAPSHOT 112
TABLE 99 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 112
TABLE 100 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 113
TABLE 101 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION) 113
TABLE 102 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION) 113
TABLE 103 SMART LOCK MARKET IN UK, BY VERTICAL, 2018–2021 (USD MILLION) 114
TABLE 104 SMART LOCK MARKET IN UK, BY VERTICAL, 2022–2027 (USD MILLION) 114
TABLE 105 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2018–2021 (USD MILLION) 114
TABLE 106 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2022–2027 (USD MILLION) 115
TABLE 107 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 108 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2022–2027 (USD MILLION) 115
TABLE 109 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 116
TABLE 110 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 116
10.3.1 UK 116
10.3.1.1 Decline in cost of mobile broadband connection and increasing adoption of cloud infrastructure to boost demand for smart locks in UK 116
10.3.2 GERMANY 117
10.3.2.1 Growing adoption of internet-based security systems in various applications to drive market growth in Germany 117
10.3.3 FRANCE 117
10.3.3.1 Growing awareness regarding internet-based home security solutions and rising adoption of wireless portable consumer electronics to drive market growth in France 117
10.3.4 REST OF EUROPE 117
10.4 APAC 117
FIGURE 31 APAC MARKET SNAPSHOT 118
FIGURE 32 CHINA TO HOLD LARGEST SHARE OF APAC SMART LOCK MARKET DURING FORECAST PERIOD 119
TABLE 111 SMART LOCK MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 112 SMART LOCK MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 113 SMART LOCK MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 114 SMART LOCK MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION) 120
TABLE 115 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 116 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 117 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2018–2021 (USD MILLION) 121
TABLE 118 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 119 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2018–2021 (USD MILLION) 122
TABLE 120 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2022–2027 (USD MILLION) 122
TABLE 121 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2018–2021 (USD MILLION) 122
TABLE 122 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 123 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2018–2021 (USD MILLION) 123
TABLE 124 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2022–2027 (USD MILLION) 123
10.4.1 CHINA 124
10.4.1.1 Increasing industrialization to fuel demand for smart lock systems in China 124
10.4.2 JAPAN 124
10.4.2.1 Rapid industrialization and modernization to create lucrative opportunities for market players in Japan 124
10.4.3 SOUTH KOREA 124
10.4.3.1 Rising demand for remotely managed and connected security devices to drive market growth in South Korea 124
10.4.4 INDIA 125
10.4.4.1 Rise in terrorist activities, crime rate, and data and security breaches to fuel demand for security and safety systems 125
10.4.5 REST OF APAC 125
10.5 ROW 125
TABLE 125 SMART LOCK MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 126 SMART LOCK MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION) 126
TABLE 127 SMART LOCK MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION) 126
TABLE 128 SMART LOCK MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION) 126
TABLE 129 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 130 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2022–2027 (USD MILLION) 127
TABLE 131 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 132 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 128
10.5.1 MIDDLE EAST & AFRICA 128
10.5.1.1 Rising urbanization and increased adoption of IoT-based solutions to boost market growth 128
10.5.2 SOUTH AMERICA 128
10.5.2.1 Growing industrialization to create lucrative opportunities for players in South American market 128
11 COMPETITIVE LANDSCAPE 129
11.1 OVERVIEW 129
11.2 MARKET EVALUATION FRAMEWORK 129
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SMART LOCK PROVIDERS 129
11.2.1 PRODUCT PORTFOLIO 130
11.2.2 REGIONAL FOCUS 130
11.2.3 MANUFACTURING FOOTPRINT 130
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 130
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2017–2021) 130
FIGURE 33 5-YEAR REVENUE ANALYSIS OF LEADING PLAYERS IN SMART LOCK MARKET 130
11.4 MARKET SHARE ANALYSIS: SMART LOCK MARKET, 2021 131
TABLE 134 DEGREE OF COMPETITION 131
11.5 COMPANY EVALUATION MATRIX 132
11.5.1 STAR 132
11.5.2 EMERGING LEADER 132
11.5.3 PERVASIVE 132
11.5.4 PARTICIPANT 132
FIGURE 34 COMPANY EVALUATION MATRIX, 2021 133
11.6 COMPETITIVE SITUATIONS AND TRENDS 134
11.6.1 PRODUCT LAUNCHES 134
TABLE 135 PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2021 134
11.6.2 DEALS 135
TABLE 136 DEALS, JANUARY 2020–FEBRUARY 2022 135
12 COMPANY PROFILES 139
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 139
12.2 KEY PLAYERS 139
12.2.1 ASSA ABLOY 139
TABLE 137 ASSA ABLOY: BUSINESS OVERVIEW 139
FIGURE 35 ASSA ABLOY: COMPANY SNAPSHOT 140
TABLE 138 ASSA ABLOY: PRODUCT/SOLUTION/SERVICE OFFERINGS 141
TABLE 139 ASSA ABLOY: DEALS 141
12.2.2 DORMAKABA 144
TABLE 140 DORMAKBA: BUSINESS OVERVIEW 144
FIGURE 36 DORMAKABA: COMPANY SNAPSHOT 145
TABLE 141 DORMAKABA: PRODUCT/SOLUTION/SERVICE OFFERINGS 145
TABLE 142 DORMAKABA: DEALS 146
TABLE 143 DORMAKABA: OTHERS 147
12.2.3 SPECTRUM BRANDS 148
TABLE 144 SPECTRUM BRANDS: BUSINESS OVERVIEW 148
FIGURE 37 SPECTRUM BRANDS: COMPANY SNAPSHOT 149
TABLE 145 SPECTRUM BRANDS: PRODUCT/SOLUTION/SERVICE OFFERINGS 149
TABLE 146 SPECTRUM BRANDS: PRODUCT LAUNCHES 150
12.2.4 SALTO SYSTEMS 152
TABLE 147 SALTO SYSTEMS: BUSINESS OVERVIEW 152
TABLE 148 SALTO SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 152
TABLE 149 SALTO SYSTEMS: PRODUCT LAUNCHES 153
TABLE 150 SALTO SYSTEMS: DEALS 153
TABLE 151 SALTO SYSTEMS: OTHERS 154
12.2.5 ALLEGION 155
TABLE 152 ALLEGION: BUSINESS OVERVIEW 155
FIGURE 38 ALLEGION: COMPANY SNAPSHOT 155
TABLE 153 ALLEGION: PRODUCT/SOLUTION/SERVICE OFFERINGS 156
TABLE 154 ALLEGION: PRODUCT LAUNCHES 156
TABLE 155 ALLEGION: DEALS 157
12.2.6 HONEYWELL 159
TABLE 156 HONEYWELL: BUSINESS OVERVIEW 159
FIGURE 39 HONEYWELL: COMPANY SNAPSHOT 160
TABLE 157 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 160
12.2.7 DAHUA TECHNOLOGY 161
TABLE 158 DAHUA TECHNOLOGY: BUSINESS OVERVIEW 161
FIGURE 40 DAHUA TECHNOLOGY: COMPANY SNAPSHOT 162
TABLE 159 DAHUA TECHNOLOGY: PRODUCT/SOLUTION/SERVICE OFFERINGS 163
TABLE 160 DAHUA TECHNOLOGY: PRODUCT LAUNCHES 163
12.2.8 SAMSUNG 164
TABLE 161 SAMSUNG: BUSINESS OVERVIEW 164
FIGURE 41 SAMSUNG: COMPANY SNAPSHOT 165
TABLE 162 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 165
TABLE 163 SAMSUNG: OTHERS 166
12.2.9 VIVINT 167
TABLE 164 VIVINT: BUSINESS OVERVIEW 167
FIGURE 42 VIVINT: COMPANY SNAPSHOT 167
TABLE 165 VIVINT: PRODUCT/SOLUTION/SERVICE OFFERINGS 168
TABLE 166 VIVINT: DEALS 168
12.2.10 ZKTECO 169
TABLE 167 ZKTECO: BUSINESS OVERVIEW 169
TABLE 168 ZKTECO: PRODUCT/SOLUTION/SERVICE OFFERINGS 169
TABLE 169 ZKTECO: DEALS 170
12.3 OTHER KEY PLAYERS 171
12.3.1 IGLOOCOMPANY 171
12.3.2 REMOTELOCK 172
12.3.3 ONITY 172
12.3.4 MASTER LOCK 173
12.3.5 MIWA LOCK 174
12.3.6 SENTRILOCK 175
12.3.7 AVENT SECURITY 175
12.3.8 HAVENLOCK 177
12.3.9 SHENZHEN VIANS ELECTRONIC LOCK 178
12.3.10 ANVIZ GLOBAL 178
12.3.11 CANDY HOUSE 179
12.3.12 AMADAS 179
12.3.13 KEYWE 180
12.3.14 GATE LABS 180
12.3.15 DESSMANN SCHLIESSANLAGEN 181
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.

13 APPENDIX 182
13.1 DISCUSSION GUIDE 182
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
13.3 AVAILABLE CUSTOMIZATIONS 187
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188