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Automated Material Handling Equipment Market by Product (Robots, ASRS, Conveyors and Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bul...

by Product (Robots, ASRS, Conveyors and Sortation Systems, Cranes, WMS, AGV), System Type (Unit Load, Bulk Load), Industry (Automotive, Metals & Heavy Machinery, E-commerce), and Region - Global Forecast to 2026

Publisher:        MarketsandMarkets

# of Pages:        282

Rating: 

1 User License $4,950

Publication Date:  February, 2021

Price:       $4,950 / User License




TABLE OF CONTENTS

 

1              INTRODUCTION                35

1.1          STUDY OBJECTIVES          35

1.2          MARKET DEFINITION AND SCOPE             35

1.3          INCLUSIONS AND EXCLUSIONS  36

1.4          STUDY SCOPE    36

1.4.1      MARKETS COVERED        36

1.4.2      YEARS CONSIDERED        37

1.5          CURRENCY          37

1.6          LIMITATIONS     37

1.7          MARKET STAKEHOLDERS              37

2              RESEARCH METHODOLOGY         38

2.1          INTRODUCTION                38

FIGURE 1             AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: RESEARCH DESIGN   38

2.1.1      SECONDARY DATA           39

2.1.1.1   List of major secondary sources                39

2.1.1.2   Key data from secondary sources             39

2.1.2      PRIMARY DATA 40

2.1.2.1   Breakdown of primaries               40

2.1.2.2   Key data from primary sources  40

2.1.3      SECONDARY AND PRIMARY RESEARCH   41

2.1.3.1   Key industry insights      41

2.2          MARKET SIZE ESTIMATION          42

FIGURE 2             MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM PRODUCTS/SOLUTIONS/SERVICES OF AGV MARKET        42

2.2.1      BOTTOM-UP APPROACH              43

2.2.1.1   Approach for arriving at market size using bottom-up approach 43

FIGURE 3             MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH    44

2.2.2      TOP-DOWN APPROACH                44

2.2.2.1   Approach for arriving at market size using bottom-up approach 44

FIGURE 4             MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH      45

2.3          MARKET BREAKDOWN AND DATA TRIANGULATION        45

FIGURE 5             MARKET BREAKDOWN AND DATA TRIANGULATION        45

2.4          RESEARCH ASSUMPTIONS           46

FIGURE 6             ASSUMPTIONS FOR THE RESEARCH STUDY           46

 

3              EXECUTIVE SUMMARY  47

FIGURE 7             COVID-19 IMPACT ANALYSIS ON AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET         47

3.1          REALISTIC SCENARIO      47

3.2          PESSIMISTIC SCENARIO 48

3.3          OPTIMISTIC SCENARIO  48

FIGURE 8             ROBOTS PRODUCT SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2020             48

FIGURE 9             UNIT LOAD MATERIAL HANDLING SYSTEMS SEGMENT ACCOUNTED FOR A LARGER MARKET SHARE IN 2020                49

FIGURE 10           3PL INDUSTRY SEGMENT TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD         50

FIGURE 11           AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET TO WITNESS HIGHEST GROWTH IN APAC DURING FORECAST PERIOD         51

4              PREMIUM INSIGHTS       53

4.1          ATTRACTIVE OPPORTUNITIES IN AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET         53

FIGURE 12           INCREASING POPULARITY AMONG LEADING INDUSTRIES IS DRIVING DEMAND FOR AMH EQUIPMENT  53

4.2          AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT               54

FIGURE 13           ROBOTS TO ACCOUNT FOR LARGEST SIZE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FROM 2021 TO 2026        54

4.3          AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE        54

FIGURE 14           UNIT LOAD MATERIAL HANDLING SYSTEMS TO ACCOUNT FOR LARGER SIZE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FROM

2021 TO 2026      54

4.4          AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY AND REGION  55

FIGURE 15           AUTOMOTIVE AND APAC ACCOUNTED FOR LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET IN 2020    55

4.5          AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY GEOGRAPHY         56

FIGURE 16           CHINA IS ESTIMATED TO HOLD LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET IN 2020               56

5              MARKET OVERVIEW       57

5.1          INTRODUCTION                57

5.2          MARKET DYNAMICS       57

FIGURE 17           AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES      57

5.2.1      DRIVERS               58

5.2.1.1   Growing demand for automated storage and retrieval

systems (ASRS) in e-commerce due to COVID-19              58

5.2.1.2   Increasing presence of startup companies offering robotic solutions for warehouse automation                58

5.2.1.3   Rising popularity of AMH equipment among leading industries   58

5.2.1.4   Surging labor costs and safety concerns 59

FIGURE 18           DRIVERS OF AUTOMATED MATERIAL HANDLING EQUIPMENT

MARKET AND THEIR IMPACT      59

5.2.2      RESTRAINTS       60

5.2.2.1   High upfront cost of AMH equipment for SMEs  60

5.2.2.2   High integration and switching costs        60

5.2.2.3   Unavailability of skilled workforce to handle system operations due to COVID-19              60

FIGURE 19           RESTRAINTS FOR AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET AND THEIR IMPACT                61

5.2.3      OPPORTUNITIES               61

5.2.3.1   Increasing level of order customization and personalization         61

5.2.3.2   Digitization of supply chain processes with integration of IoT and AMH equipment           61

5.2.3.3   Industrial growth in emerging economies             62

5.2.3.4   Presence of huge intralogistics sector in Southeast Asia 62

FIGURE 20           OPPORTUNITIES FOR AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET AND THEIR IMPACT       62

5.2.4      CHALLENGES      63

5.2.4.1   Production and revenue losses due to unwanted equipment downtime               63

5.2.4.2   Technical challenges related to sensing elements             63

FIGURE 21           CHALLENGES FOR AUTOMATED MATERIAL HANDLING SYSTEM MARKET AND THEIR IMPACT       63

5.3          VALUE CHAIN ANALYSIS               63

FIGURE 22           VALUE CHAIN ANALYSIS               64

5.4          ECOSYSTEM        66

FIGURE 23           AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET: ECOSYSTEM                66

5.5          PORTER’S FIVE FORCES ANALYSIS             67

TABLE 1                IMPACT OF EACH FORCE ON THE MARKET            67

5.6          CASE STUDY       68

5.6.1      USE CASE 1: JUNGHEINRICH        68

5.6.2      USE CASE 2: DEMATIC    68

5.6.3      USE CASE 3: VANDERLANDE        69

5.6.4      USE CASE 3: SWISSLOG  69

5.7          TECHNOLOGY ANALYSIS               70

5.7.1      WEARABLE TECHNOLOGY             70

5.7.2      PREDICTIVE ANALYTICS 70

5.7.3      MACHINE LEARNING PLATFORMS            70

5.7.4      DIGITAL TWIN MODEL BUILDERS               70

5.7.5      VOICE RECOGNITION TECHNOLOGY        71

5.7.6      5G          71

5.8          PRICING ANALYSIS          71

TABLE 2                AVERAGE SELLING PRICE OF AGV             71

TABLE 3                STARTING COST PRICE OF ASRS 72

TABLE 4                AVERAGE SELLING PRICE OF ROBOTS      72

TABLE 5                AVERAGE SELLING PRICE OF SORTATION SYSTEMS           72

TABLE 6                AVERAGE SELLING PRICE OF CONVEYOR SYSTEMS            73

TABLE 7                AVERAGE SELLING PRICE OF CRANES      73

5.9          TRADE ANALYSIS              74

TABLE 8                IMPORT DATA FOR AUTOMATED GUIDED VEHICLES,

2015–2019 (USD MILLION)           74

TABLE 9                EXPORT DATA FOR AUTOMATED GUIDED VEHICLES,

2015–2019 (USD MILLION)           74

TABLE 10              IMPORT DATA FOR ASRS, 2015–2019 (USD MILLION)       75

TABLE 11              EXPORT DATA FOR ASRS, 2015–2019 (USD MILLION)        75

TABLE 12              IMPORT DATA FOR INDUSTRIAL ROBOTS, 2015–2019 (USD MILLION)       76

TABLE 13              EXPORT DATA FOR INDUSTRIAL ROBOTS, 2015–2019 (USD MILLION)        76

TABLE 14              IMPORT DATA FOR PNEUMATIC ELEVATORS AND CONVEYORS,

2015–2019 (USD MILLION)           77

5.10        PATENT ANALYSIS           78

TABLE 15              PATENTS RELATED TO AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET              78

5.11        REGULATORY LANDSCAPE           80

6              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT               82

6.1          INTRODUCTION                83

FIGURE 24           ROBOTS SEGMENT TO HOLD LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET DURING FORECAST PERIOD         83

TABLE 16              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2017–2020 (USD BILLION)         83

TABLE 17              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY PRODUCT, 2021–2026 (USD BILLION)         84

6.2          ROBOTS               85

6.2.1      TRADITIONAL ROBOTS   85

6.2.1.1   Articulated robots           85

FIGURE 25           ILLUSTRATION OF A 6-AXIS ARTICULATED ROBOT             86

TABLE 18              ADVANTAGES, DISADVANTAGES, AND APPLICATIONS OF ARTICULATED ROBOTS              86

6.2.1.2   Cylindrical robots             86

6.2.1.3   SCARA robots    87

FIGURE 26           ILLUSTRATION OF A 4-AXIS SCARA ROBOT            87

TABLE 19              ADVANTAGES, DISADVANTAGES, AND APPLICATIONS OF SCARA ROBOTS            87

6.2.1.4   Parallel robots   88

FIGURE 27           ILLUSTRATION OF A PARALLEL ROBOT    88

TABLE 20              PARALLEL ROBOTS: SUMMARY TABLE     88

6.2.1.5   Cartesian robots               89

FIGURE 28           ILLUSTRATION OF A CARTESIAN ROBOT 89

TABLE 21              ADVANTAGES, DISADVANTAGES, AND APPLICATIONS OF CARTESIAN ROBOTS   89

6.2.2      COLLABORATIVE ROBOTS             90

6.2.3      AUTONOMOUS MOBILE ROBOTS             90

TABLE 22              ROBOTS MARKET, BY TYPE, 2017–2020 (USD BILLION)     90

TABLE 23              ROBOTS MARKET, BY TYPE, 2021–2026 (USD BILLION)     90

TABLE 24              ROBOTS MARKET, BY INDUSTRY, 2017–2020 (USD BILLION)          91

FIGURE 29           AUTOMOTIVE SEGMENT TO HOLD LARGEST SIZE ROBOTS MARKET DURING FORECAST PERIOD  91

TABLE 25              ROBOTS MARKET, BY INDUSTRY, 2021–2026 (USD BILLION)          92

TABLE 26              ROBOTS MARKET, BY REGION, 2017–2020 (USD BILLION)               92

TABLE 27              ROBOTS MARKET, BY REGION, 2021–2026 (USD BILLION)               92

6.3          AUTOMATED STORAGE AND RETRIEVAL SYSTEM               93

6.3.1      UNIT-LOAD         93

6.3.1.1   Unit-load ASRS to hold largest market size during forecast period             93

6.3.2      MINI-LOAD         94

6.3.2.1   Increasing demand from retail industry is fueling mini-load

ASRS segment   94

6.3.3      VERTICAL LIFT MODULE (VLM)   94

6.3.3.1   VLM saves up to 85% of floor space         94

6.3.4      CAROUSEL          95

6.3.4.1   Vertical carousel               95

6.3.4.1.1               Optimized floor space offered by vertical carousels drives their demand               95

6.3.4.2   Horizontal carousel         95

6.3.4.2.1               Fast ROI encourages implementation of horizontal carousels      95

6.3.5      MID-LOAD          95

TABLE 28              ASRS MARKET, BY TYPE, 2017–2020 (USD BILLION)            96

FIGURE 30           UNIT-LOAD ASRS TO HOLD LARGEST SIZE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR ASRS DURING FORECAST PERIOD             96

TABLE 29              ASRS MARKET, BY TYPE, 2021–2026 (USD BILLION)            96

TABLE 30              ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)               97

TABLE 31              ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)               97

TABLE 32              UNIT-LOAD ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)       98

TABLE 33              UNIT-LOAD ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)       98

FIGURE 31           E-COMMERCE TO HOLD LARGEST SIZE OF MINI-LOAD ASRS MARKET DURING FORECAST PERIOD               99

TABLE 34              MINI-LOAD ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)       99

TABLE 35              MINI-LOAD ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)       100

TABLE 36              VERTICAL LIFT MODULE MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)          100

TABLE 37              VERTICAL LIFT MODULE MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)          101

FIGURE 32           E-COMMERCE SEGMENT TO HOLD LARGEST SIZE OF CAROUSEL MARKET DURING FORECAST PERIOD       102

TABLE 38              CAROUSEL MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)    102

TABLE 39              CAROUSEL MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)    103

TABLE 40              MID-LOAD ASRS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)        103

TABLE 41              MID-LOAD ASRS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)        104

FIGURE 33           EUROPE TO HOLD LARGEST SIZE OF MID-LOAD ASRS MARKET DURING FORECAST PERIOD             104

TABLE 42              MID-LOAD ASRS MARKET, BY REGION, 2017–2020 (USD BILLION)              105

TABLE 43              MID-LOAD ASRS MARKET, BY REGION, 2021–2026 (USD BILLION)              105

6.4          CONVEYOR & SORTATION SYSTEMS        106

6.4.1      BELT CONVEYER                106

6.4.2      ROLLER CONVEYER          106

6.4.3      OVERHEAD CONVEYER  106

6.4.4      SCREW CONVEYER           106

TABLE 44              CONVEYORS AND SORTATION SYSTEMS MARKET, BY INDUSTRY,

2017–2020 (USD MILLION)           107

FIGURE 34           AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF CONVEYORS & SORTATION SYSTEMS MARKET DURING FORECAST PERIOD           107

TABLE 45              CONVEYORS AND SORTATION SYSTEMS MARKET, BY INDUSTRY,

2021–2026 (USD MILLION)           108

TABLE 46              CONVEYORS AND SORTATION SYSTEMS MARKET, BY REGION,

2017–2020 (USD BILLION)             108

TABLE 47              CONVEYORS AND SORTATION SYSTEMS MARKET, BY REGION,

2021–2026 (USD BILLION)             108

6.5          CRANES                109

6.5.1      JIB CRANE           109

6.5.2      BRIDGE 109

6.5.3      GANTRY               109

6.5.4      STACKER              109

FIGURE 35           AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF CRANES MARKET DURING FORECAST PERIOD            110

TABLE 48              CRANES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)         110

TABLE 49              CRANES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)         111

TABLE 50              CRANES MARKETS, BY REGION, 2017–2020 (USD BILLION)             111

TABLE 51              CRANES MARKET, BY REGION, 2021–2026 (USD BILLION)               111

6.6          WAREHOUSE MANAGEMENT SYSTEM    112

6.6.1      ON-PREMISE      112

6.6.1.1   On-premise deployment to dominate overall WMS market during forecast period           112

6.6.2      ON-CLOUD         112

6.6.2.1   On-cloud deployment to grow at a higher rate during forecast period     112

FIGURE 36           ON-CLOUD IMPLEMENTATION SEGMENT TO HOLD LARGER SIZE OF WMS MARKET DURING FORECAST PERIOD 113

TABLE 52              WMS MARKET, BY IMPLEMENTATION TYPE, 2017–2020 (USD MILLION)  113

TABLE 53              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR WMS,

BY IMPLEMENTATION TYPE, 2021–2026 (USD MILLION)  113

TABLE 54              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR WMS,

BY INDUSTRY, 2017–2020 (USD MILLION)              114

TABLE 55              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR WMS,

BY INDUSTRY, 2021–2026 (USD MILLION)              114

TABLE 56              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR WMS,

BY REGION, 2017–2020 (USD MILLION)  115

TABLE 57              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR WMS,

BY REGION, 2021–2026 (USD MILLION)  115

FIGURE 37           NORTH AMERICA TO HOLD LARGEST SIZE OF ON-PREMISE WMS MARKET DURING FORECAST PERIOD     116

TABLE 58              ON-PREMISE WMS MARKET, BY REGION, 2017–2020 (USD MILLION)       116

TABLE 59              ON-PREMISE WMS MARKET, BY REGION, 2021–2026 (USD MILLION)       116

TABLE 60              ON-CLOUD WMS MARKET, BY REGION, 2017–2020 (USD MILLION)           117

TABLE 61              ON-CLOUD WMS MARKET, BY REGION, 2021–2026 (USD MILLION)           117

6.7          AUTOMATED GUIDED VEHICLE (AGV)    117

FIGURE 38           RATIO OF COMPANIES & FUNDING IN AGV MARKET, BY REGION              118

6.7.1      AGV MARKET, BY TYPE  118

6.7.1.1   Tow vehicles      118

6.7.1.1.1               Tow vehicles to hold largest size of global AGV market in 2020    118

6.7.1.2   Unit load carriers              118

6.7.1.2.1               Automotive industry to account for highest demand for unit load carriers             118

6.7.1.3   Pallet trucks       119

6.7.1.3.1               Vision-guided pallet trucks to register highest growth during forecast period       119

6.7.1.4   Assembly line vehicles   119

6.7.1.4.1               Assembly line vehicles are majorly used for transportation of subassemblies      119

6.7.1.5   Forklift trucks    119

6.7.1.5.1               AGV market for forklift trucks to grow at highest CAGR in e-commerce industry during forecast period  119

6.7.1.6   Others  120

FIGURE 39           TOW VEHICLES TO HOLD LARGEST SIZE OF AGV MARKET DURING FORECAST PERIOD       120

TABLE 62              AGV MARKET, BY TYPE, 2017–2020 (USD MILLION)           120

TABLE 63              AGV MARKET, BY TYPE, 2021–2026 (USD MILLION)           121

TABLE 64              TOW VEHICLES MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)           121

TABLE 65              TOW VEHICLES MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)           122

FIGURE 40           AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF UNIT LOAD CARRIERS MARKET DURING FORECAST PERIOD 122

TABLE 66              UNIT LOAD CARRIERS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)              123

TABLE 67              UNIT LOAD CARRIERS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)              123

TABLE 68              PALLET TRUCKS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)          124

TABLE 69              PALLET TRUCKS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)          124

FIGURE 41           AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF ASSEMBLY LINE VEHICLES MARKET DURING FORECAST PERIOD 125

TABLE 70              ASSEMBLY LINE VEHICLES MARKET, BY INDUSTRY,

2017–2020 (USD MILLION)           125

TABLE 71              ASSEMBLY LINE VEHICLES MARKET, BY INDUSTRY,

2021–2026 (USD MILLION)           126

TABLE 72              FORKLIFT TRUCKS MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)     126

TABLE 73              FORKLIFT TRUCKS MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)     127

FIGURE 42           AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF OTHER AUTOMATED GUIDED VEHICLES MARKET FROM 2021 TO 2026      127

TABLE 74              OTHER AUTOMATED GUIDED VEHICLES MARKET, BY INDUSTRY,

2017–2020 (USD MILLION)           128

TABLE 75              OTHER AUTOMATED GUIDED VEHICLES MARKET, BY INDUSTRY,

2021–2026 (USD MILLION)           128

FIGURE 43           LIST OF MAJOR AGV VENDORS  129

6.7.2      AGV MARKET, BY NAVIGATION TECHNOLOGY    130

FIGURE 44           NAVIGATION TECHNOLOGIES USED IN AUTOMATED GUIDED VEHICLES 130

6.7.2.1   Laser guidance  130

6.7.2.1.1               Laser guidance technology segment to hold largest size of AGV market during forecast period   130

6.7.2.2   Magnetic guidance          131

6.7.2.2.1               Magnetic guidance AGVs are chiefly used in

food & beverages and automotive industries     131

6.7.2.3   Inductive guidance          131

6.7.2.3.1               Inductive guidance is among the most common types of guidance systems          131

6.7.2.4   Optical tape guidance    131

6.7.2.4.1               Tow vehicles to hold largest size of optical tape-guided AGVs during forecast period       131

6.7.2.5   Vision guidance                132

6.7.2.5.1               Vision guidance AGVs to register highest CAGR during forecast period   132

6.7.2.6   Others  132

FIGURE 45           LASER GUIDANCE TO HOLD LARGEST SIZE OF AGV MARKET DURING FORECAST PERIOD 132

TABLE 76              AGV MARKET, BY NAVIGATION TECHNOLOGY, 2017–2020 (USD MILLION)            133

TABLE 77              AGV MARKET, BY NAVIGATION TECHNOLOGY, 2021–2026 (USD MILLION)            133

TABLE 78              AGV MARKET, BY INDUSTRY, 2017–2020 (USD MILLION)                134

TABLE 79              AGV MARKET, BY INDUSTRY, 2021–2026 (USD MILLION)                134

TABLE 80              AGV MARKET, BY REGION, 2017–2020 (USD MILLION)    135

TABLE 81              AGV MARKET, BY REGION, 2021–2026 (USD MILLION)    135

7              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE        136

7.1          INTRODUCTION                137

FIGURE 46           UNIT LOAD MATERIAL HANDLING SYSTEMS SEGMENT TO HOLD LARGER SIZE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET DURING FORECAST PERIOD     137

TABLE 82              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY SYSTEM TYPE, 2017–2020 (USD BILLION)  137

TABLE 83              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET,

BY SYSTEM TYPE, 2021–2026 (USD BILLION)          137

7.2          UNIT LOAD MATERIAL HANDLING SYSTEMS         138

7.2.1      ADVANTAGES OF UNIT LOAD MATERIAL HANDLING SYSTEMS    138

7.2.2      DISADVANTAGES OF UNIT LOAD MATERIAL HANDLING SYSTEMS              138

7.3          BULK LOAD MATERIAL HANDLING SYSTEMS        138

7.3.1      ADVANTAGES OF BULK LOAD MATERIAL HANDLING SYSTEMS    139

7.3.2      DISADVANTAGES OF BULK LOAD MATERIAL HANDLING SYSTEMS             139

8              OUTDOOR MATERIAL HANDLING EQUIPMENT MARKET 140

8.1          INTRODUCTION                140

8.2          FORKLIFT             140

8.3          AGV       140

8.3.1      TOW VEHICLES  141

8.3.2      UNIT LOAD CARRIERS     141

9              SOFTWARE AND SERVICES USED IN AMH EQUIPMENT    142

9.1          INTRODUCTION                142

9.2          SOFTWARE         142

FIGURE 47           WES INTEGRATES KEY FUNCTIONALITIES OF WMS AND WES        143

9.3          SERVICES             143

9.3.1      MAINTENANCE & REPAIR             143

9.3.2      TRAINING           144

9.3.3      SOFTWARE UPGRADES  144

10           AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY              145

10.1        INTRODUCTION                146

FIGURE 48           AUTOMOTIVE INDUSTRY TO HOLD LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FROM 2021 TO 2026      146

TABLE 84              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2017–2020 (USD BILLION)        146

TABLE 85              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET, BY INDUSTRY, 2021–2026 (USD BILLION)        147

10.2        AUTOMOTIVE   149

10.2.1    AUTOMATED MATERIAL HANDLING EQUIPMENT PLAY A MAJOR ROLE IN

FOR EFFICIENT INVENTORY MANAGEMENT IN AUTOMOTIVE INDUSTRY                149

TABLE 86              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AUTOMOTIVE, BY PRODUCT, 2017–2020 (USD MILLION) 149

FIGURE 49           ROBOTS TO LEAD AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AUTOMOTIVE INDUSTRY DURING FORECAST PERIOD         150

TABLE 87              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AUTOMOTIVE, BY PRODUCT, 2021–2026 (USD BILLION)   150

TABLE 88              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD BILLION)              151

TABLE 89              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD BILLION)              151

10.3        SEMICONDUCTOR & ELECTRONICS          152

10.3.1    INCREASED DEMAND FOR AUTOMATED MATERIAL HANDLING EQUIPMENT IN CLEANROOM APPLICATIONS OF SEMICONDUCTOR & ELECTRONICS INDUSTRY     152

TABLE 90              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY PRODUCT,

2017–2020 (USD MILLION)           152

TABLE 91              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY PRODUCT,

2021–2026 (USD MILLION)           153

TABLE 92              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2017–2020 (USD BILLION)          153

FIGURE 50           AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR SEMICONDUCTOR AND ELECTRONICS INDUSTRY TO GROW AT HIGHEST CAGR IN APAC FROM 2021 TO 2026     154

TABLE 93              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR SEMICONDUCTOR & ELECTRONICS, BY REGION, 2021–2026 (USD BILLION)          154

10.4        METALS & HEAVY MACHINERY   155

10.4.1    USE OF AUTOMATED MATERIAL HANDLING EQUIPMENT IN METALS & MACHINERY INDUSTRY ENABLES EFFICIENT AND COST-EFFECTIVE OPERATIONS         155

TABLE 94              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR METALS & HEAVY MACHINERY, BY PRODUCT, 2017–2020 (USD MILLION)     155

TABLE 95              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR METALS & HEAVY MACHINERY, BY PRODUCT, 2021–2026 (USD MILLION)     156

TABLE 96              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR METALS & HEAVY MACHINERY, BY REGION, 2017–2020 (USD MILLION)           156

FIGURE 51           APAC TO HOLD LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR METALS & HEAVY MACHINERY DURING FORECAST PERIOD            157

TABLE 97              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR METALS & HEAVY MACHINERY, BY REGION, 2021–2026 (USD BILLION)             157

10.5        CHEMICALS        158

10.5.1    AUTOMATED MATERIAL HANDLING EQUIPMENT HELP ENSURE SAFETY OF EMPLOYEES AND MANAGE WORKFLOW EFFECTIVELY IN CHEMICALS SECTOR        158

TABLE 98              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR CHEMICALS,

BY PRODUCT, 2017–2020 (USD MILLION)               158

TABLE 99              AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR CHEMICALS,

BY PRODUCT, 2021–2026 (USD MILLION)               158

TABLE 100            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR CHEMICALS,

BY REGION, 2017–2020 (USD MILLION)  159

TABLE 101            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR CHEMICALS,

BY REGION, 2021–2026 (USD BILLION)    159

10.6        FOOD & BEVERAGES       159

10.6.1    INCREASED GLOBAL DEMAND FOR FOOD & BEVERAGES IS DRIVING ADOPTION OF AUTOMATED MATERIAL HANDLING EQUIPMENT IN THIS INDUSTRY          159

FIGURE 52           ROBOTS TO LEAD AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR FOOD & BEVERAGES INDUSTRY DURING FORECAST PERIOD   160

TABLE 102            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR FOOD & BEVERAGES, BY PRODUCT, 2017–2020 (USD MILLION)       160

TABLE 103            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR FOOD & BEVERAGES, BY PRODUCT, 2021–2026 (USD MILLION)       161

TABLE 104            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR FOOD & BEVERAGES, BY REGION, 2017–2020 (USD MILLION) 161

TABLE 105            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR FOOD & BEVERAGES, BY REGION, 2021–2026 (USD BILLION)   161

10.7        E-COMMERCE   162

10.7.1    AUTOMATED MATERIAL HANDLING EQUIPMENT SMOOTHEN WAREHOUSING OPERATIONS OF E-COMMERCE INDUSTRY           162

TABLE 106            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR E-COMMERCE, BY PRODUCT, 2017–2020 (USD MILLION) 162

FIGURE 53           ROBOTS TO LEAD AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR E-COMMERCE INDUSTRY DURING FORECAST PERIOD         163

TABLE 107            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR E-COMMERCE, BY PRODUCT, 2021–2026 (USD MILLION) 163

TABLE 108            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR E-COMMERCE, BY REGION, 2017–2020 (USD BILLION)              164

TABLE 109            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR E-COMMERCE, BY REGION, 2021–2026 (USD BILLION)              164

10.8        HEALTHCARE      165

10.8.1    RISING TREND OF AUTOMATED WAREHOUSES IS BOOSTING ADOPTION OF AMH EQUIPMENT IN HEALTHCARE INDUSTRY           165

10.8.1.1                Pharmaceuticals               165

10.8.1.2                Medical devices                165

TABLE 110            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR HEALTHCARE, BY TYPE, 2017–2020 (USD MILLION)             165

FIGURE 54           PHARMACEUTICALS TO HOLD LARGER SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR HEALTHCARE INDUSTRY DURING FORECAST PERIOD              166

TABLE 111            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR HEALTHCARE, BY TYPE, 2021–2026 (USD MILLION)             166

TABLE 112            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR HEALTHCARE, BY PRODUCT, 2017–2020 (USD MILLION)             166

TABLE 113            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR HEALTHCARE, BY PRODUCT, 2021–2026 (USD MILLION)             167

TABLE 114            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR HEALTHCARE, BY REGION, 2017–2020 (USD MILLION)             167

TABLE 115            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR HEALTHCARE, BY REGION, 2021–2026 (USD BILLION)              167

10.9        AVIATION           168

10.9.1    AUTOMATED MATERIAL HANDLING EQUIPMENT FACILITATE MANUFACTURING AND ASSEMBLY OPERATIONS IN AVIATION INDUSTRY      168

FIGURE 55           ROBOTS TO LEAD AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AVIATION INDUSTRY DURING FORECAST PERIOD         169

TABLE 116            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AVIATION,

BY PRODUCT, 2017–2020 (USD MILLION)               169

TABLE 117            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AVIATION,

BY PRODUCT, 2021–2026 (USD MILLION)               170

TABLE 118            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AVIATION,

BY REGION, 2017–2020 (USD MILLION)  170

TABLE 119            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR AVIATION,

BY REGION, 2021–2026 (USD BILLION)    170

10.10     THIRD-PARTY LOGISTICS (3PL)    171

10.10.1  INCREASED ONLINE RETAILING ACTIVITIES ARE DRIVING DEMAND FOR AUTOMATED MATERIAL HANDLING EQUIPMENT TO CARRY OUT LOGISTICS OPERATIONS      171

TABLE 120            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR 3PL,

BY PRODUCT, 2017–2020 (USD MILLION)               171

FIGURE 56           WMS TO HOLD LARGER SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR 3PL INDUSTRY DURING FORECAST PERIOD   172

TABLE 121            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR 3PL,

BY PRODUCT, 2021–2026 (USD MILLION)               172

TABLE 122            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR 3PL,

BY REGION, 2017–2020 (USD MILLION)  172

TABLE 123            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR 3PL,

BY REGION, 2021–2026 (USD MILLION)  173

10.11     OTHERS                173

TABLE 124            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR OTHER INDUSTRIES, BY PRODUCT, 2017–2020 (USD MILLION)       174

FIGURE 57           ROBOTS TO HOLD LARGEST SHARE OF AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR OTHER INDUSTRIES DURING FORECAST PERIOD 174

TABLE 125            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR OTHER INDUSTRIES, BY PRODUCT, 2021–2026 (USD MILLION)       175

TABLE 126            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR OTHER INDUSTRIES, BY REGION, 2017–2020 (USD MILLION) 175

TABLE 127            AUTOMATED MATERIAL HANDLING EQUIPMENT MARKET FOR OTHER INDUSTRIES, BY REGION, 2021–2026 (USD MILLION) 175

11           GEOGRAPHIC ANALYSIS                177

11.1        INTRODUCTION                178

FIGURE 58           AMH EQUIPMENT MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2021 TO 2026 178

TABLE 128            AMH EQUIPMENT MARKET, BY REGION, 2017–2020 (USD BILLION)           178

TABLE 129            AMH EQUIPMENT MARKET, BY REGION, 2021–2026 (USD BILLION)           179

11.2        NORTH AMERICA             180

FIGURE 59           NORTH AMERICA: AMH EQUIPMENT MARKET SNAPSHOT            180

11.2.1    US          181

11.2.1.1                US to hold largest market share in North America             181

11.2.2    CANADA              181

11.2.2.1                Automotive industry in Canada to fuel market growth    181

 

11.2.3    MEXICO               181

11.2.3.1                Mexican companies and associations are constantly striving to boost manufacturing sector          181

TABLE 130            AMH EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY,

2017–2020 (USD BILLION)             182

TABLE 131            AMH EQUIPMENT MARKET IN NORTH AMERICA, BY COUNTRY,

2021–2026 (USD BILLION)             182

TABLE 132            AMH EQUIPMENT MARKET IN NORTH AMERICA, BY PRODUCT,

2017–2020 (USD BILLION)             182

TABLE 133            AMH EQUIPMENT MARKET IN NORTH AMERICA, BY PRODUCT,

2021–2026 (USD BILLION)             183

TABLE 134            AMH EQUIPMENT MARKET IN NORTH AMERICA, BY INDUSTRY,

2017–2020 (USD MILLION)           183

TABLE 135            AMH EQUIPMENT MARKET IN NORTH AMERICA, BY INDUSTRY,

2021–2026 (USD BILLION)             184

11.3        EUROPE               185

FIGURE 60           EUROPE: AMH EQUIPMENT MARKET SNAPSHOT               186

11.3.1    GERMANY           186

11.3.1.1                Germany to hold largest size of AMH equipment market in Europe          186

11.3.2    UK          187

11.3.2.1                Automotive industry in UK is expected to fuel market growth    187

11.3.3    FRANCE                187

11.3.3.1                Growing French e-commerce industry to aid market growth       187

11.3.4    REST OF EUROPE (ROE) 187

TABLE 136            AMH EQUIPMENT MARKET IN EUROPE, BY COUNTRY,

2017–2020 (USD BILLION)             188

TABLE 137            AMH EQUIPMENT MARKET IN EUROPE, BY COUNTRY,

2021–2026 (USD BILLION)             188

TABLE 138            AMH EQUIPMENT MARKET IN EUROPE, BY PRODUCT,

2017–2020 (USD BILLION)             188

TABLE 139            AMH EQUIPMENT MARKET IN EUROPE, BY PRODUCT,

2021–2026 (USD BILLION)             189

TABLE 140            AMH EQUIPMENT MARKET IN EUROPE, BY INDUSTRY,

2017–2020 (USD MILLION)           189

TABLE 141            AMH EQUIPMENT MARKET IN EUROPE, BY INDUSTRY,

2021–2026 (USD BILLION)             190

11.4        APAC     191

FIGURE 61           APAC: AMH EQUIPMENT MARKET SNAPSHOT    192

11.4.1    CHINA   192

11.4.1.1                China to hold largest share in APAC market          192

11.4.2    JAPAN  193

11.4.2.1                Growing Japanese e-commerce industry to support market growth        193

11.4.3    AUSTRALIA         193

11.4.3.1                Australian manufacturing industry to fuel market growth              193

 

11.4.4    REST OF APAC (ROAPAC)              193

TABLE 142            AMH EQUIPMENT MARKET IN APAC, BY COUNTRY,

2017–2020 (USD BILLION)             194

TABLE 143            AMH EQUIPMENT MARKET IN APAC, BY COUNTRY,

2021–2026 (USD BILLION)             194

TABLE 144            AMH EQUIPMENT MARKET IN APAC, BY PRODUCT,

2017–2020 (USD BILLION)             195

TABLE 145            AMH EQUIPMENT MARKET IN APAC, BY PRODUCT,

2021–2026 (USD BILLION)             195

TABLE 146            AMH EQUIPMENT MARKET IN APAC, BY INDUSTRY,

2017–2020 (USD BILLION)             196

TABLE 147            AMH EQUIPMENT MARKET IN APAC, BY INDUSTRY,

2021–2026 (USD BILLION)             196

11.5        REST OF THE WORLD (ROW)        197

FIGURE 62           ROW: AMH EQUIPMENT MARKET SNAPSHOT     197

11.5.1    MIDDLE EAST & AFRICA 198

11.5.1.1                Market to grow at significant rate             198

11.5.2    SOUTH AMERICA             198

11.5.2.1                Growing South American retail industry to fuel market  198

TABLE 148            AMH EQUIPMENT MARKET IN ROW, BY REGION, 2017–2020 (USD BILLION)          198

TABLE 149            AMH EQUIPMENT MARKET IN ROW, BY REGION, 2021–2026 (USD BILLION)          198

TABLE 150            AMH EQUIPMENT MARKET IN ROW, BY PRODUCT,

2017–2020 (USD MILLION)           199

TABLE 151            AMH EQUIPMENT MARKET IN ROW, BY PRODUCT,

2021–2026 (USD MILLION)           199

TABLE 152            AMH EQUIPMENT MARKET IN ROW, BY INDUSTRY,

2017–2020 (USD MILLION)           200

TABLE 153            AMH EQUIPMENT MARKET IN ROW, BY INDUSTRY,

2021–2026 (USD MILLION)           200

12           COMPETITIVE LANDSCAPE           202

12.1        INTRODUCTION                202

12.1.1    TOP 5 COMPANY REVENUE ANALYSIS     202

FIGURE 63           TOP PLAYERS DOMINATING THE MARKET IN 5 YEARS      202

12.2        MARKET SHARE ANALYSIS OF PLAYERS, 2019       203

TABLE 154            MARKET SHARE OF TOP 5 PLAYERS IN AMH EQUIPMENT MARKET IN 2019             203

12.3        COMPETITIVE EVALUATION QUADRANT               204

12.3.1    STAR      204

12.3.2    EMERGING LEADER         205

12.3.3    PERVASIVE         205

12.3.4    PARTICIPANT     205

FIGURE 64           AMH EQUIPMENT MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019            206

TABLE 155            COMPANY PRODUCT FOOTPRINT             206

TABLE 156            COMPANY INDUSTRY FOOTPRINT            207

TABLE 157            COMPANY REGION FOOTPRINT                208

12.4        STARTUP/SME EVALUATION QUADRANT             209

12.4.1    PROGRESSIVE COMPANY             209

12.4.2    RESPONSIVE COMPANY                209

12.4.3    DYNAMIC COMPANY     209

12.4.4    STARTING BLOCK             209

FIGURE 65           STARTUP/SME EVALUATION MATRIX     210

12.5        COMPETITIVE SITUATIONS AND TRENDS               211

12.5.1    AGREEMENTS, PARTNERSHIPS, EXPANSIONS, CONTRACTS, AND ACQUISITIONS                211

TABLE 158            AGREEMENTS, PARTNERSHIPS, EXPANSIONS, CONTRACTS, ACQUISITIONS, 2020               211

12.5.2    PRODUCT LAUNCHES AND DEVELOPMENTS        212

TABLE 159            PRODUCT LAUNCHES AND DEVELOPMENTS, 2020             212

13           COMPANY PROFILES      213

13.1        INTRODUCTION                213

(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*

13.2        KEY PLAYERS      214

13.2.1    DAIFUKU             214

FIGURE 66           DAIFUKU: COMPANY SNAPSHOT              214

13.2.2    KION     217

FIGURE 67           KION: COMPANY SNAPSHOT      217

13.2.3    SSI SCHAEFER    221

13.2.4    TOYOTA INDUSTRIES      224

FIGURE 68           TOYOTA INDUSTRIES: COMPANY SNAPSHOT       224

13.2.5    HONEYWELL INTERNATIONAL    227

FIGURE 69           HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT     227

13.2.6    HYSTER-YALE MATERIAL HANDLING        230

FIGURE 70           HYSTER-YALE MATERIAL HANDLING: COMPANY SNAPSHOT         230

13.2.7    JUNGHEINRICH 233

FIGURE 71           JUNGHEINRICH: COMPANY SNAPSHOT 233

13.2.8    HANWHA            237

FIGURE 72           HANWHA: COMPANY SNAPSHOT             237

13.2.9    JOHN BEAN TECHNOLOGIES        239

FIGURE 73           JOHN BEAN TECHNOLOGIES: COMPANY SNAPSHOT        239

13.2.10  KUKA    241

FIGURE 74           KUKA: COMPANY SNAPSHOT     241

13.2.11  BEUMER              244

13.2.12  KNAPP  246

13.2.13  MURATA MACHINERY   247

FIGURE 75           MURATA MACHINERY: COMPANY SNAPSHOT    247

13.2.14  TGW LOGISTICS                249

FIGURE 76           TGW LOGISTICS: COMPANY SNAPSHOT 249

13.2.15  VIASTORE            251

13.3        OTHER KEY PLAYERS        253

13.3.1    MOBILE INDUSTRIAL ROBOTS     253

13.3.2    INVIA ROBOTICS              253

13.3.3    GRABIT 254

13.3.4    AVANCON          254

13.3.5    LOCUS ROBOTICS             255

13.3.6    ADDVERB TECHNOLOGIES            255

13.3.7    MEIDEN AMERICA           256

13.3.8    AUTOMATION LOGISTIC               256

13.3.9    INVATA INTRALOGISTICS             257

13.3.10  WESTFALIA TECHNOLOGIES        257

13.3.11  AUTOCRIB           258

13.3.12  FERRETTO            258

13.3.13  HAENEL STORAGE SYSTEM           259

13.3.14  MIAS     259

13.3.15  SENCORPWHITE               260

13.3.16  3PL CENTRAL      260

*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14           ADJACENT & RELATED MARKET 261

14.1        INTRODUCTION                261

14.2        LIMITATIONS     261

14.3        COLD CHAIN MONITORING MARKET       261

14.3.1    DEFINITION        261

14.3.2    MARKET OVERVIEW       261

14.3.3    COLD CHAIN MONITORING MARKET, BY APPLICATION   261

TABLE 160            COLD CHAIN MONITORING MARKET, BY APPLICATION,

2017–2025 (USD MILLION)           262

14.3.3.1                Pharmaceuticals and healthcare                262

TABLE 161            COLD CHAIN MONITORING MARKET FOR PHARMACEUTICALS AND HEALTHCARE APPLICATION, BY TYPE, 2017–2025 (USD MILLION)           262

TABLE 162            COLD CHAIN MONITORING MARKET FOR PHARMACEUTICALS AND HEALTHCARE APPLICATION, BY OFFERING, 2017–2025 (USD MILLION)    263

TABLE 163            COLD CHAIN MONITORING MARKET FOR PHARMACEUTICALS AND HEALTHCARE APPLICATION, BY HARDWARE, 2017–2025 (USD MILLION) 263

TABLE 164            COLD CHAIN MONITORING MARKET FOR PHARMACEUTICALS AND HEALTHCARE APPLICATION, BY REGION, 2017–2025 (USD MILLION)           263

TABLE 165            COLD CHAIN MONITORING MARKET FOR VACCINES, BY OFFERING,

2017–2025 (USD MILLION)           264

TABLE 166            COLD CHAIN MONITORING MARKET FOR VACCINES, BY HARDWARE,

2017–2025 (USD MILLION)           264

TABLE 167            COLD CHAIN MONITORING MARKET FOR BIOBANKS, BY OFFERING,

2017–2025 (USD MILLION)           265

TABLE 168            COLD CHAIN MONITORING MARKET FOR BIOBANKS, BY HARDWARE,

2017–2025 (USD MILLION)           265

TABLE 169            COLD CHAIN MONITORING MARKET FOR MEDICINES AND DRUGS,

BY OFFERING, 2017–2025 (USD MILLION)              266

TABLE 170            COLD CHAIN MONITORING MARKET FOR MEDICINES AND DRUGS,

BY HARDWARE, 2017–2025 (USD MILLION)           266

14.3.3.2                Food & Beverages           267

TABLE 171            COLD CHAIN MONITORING MARKET FOR FOOD & BEVERAGES APPLICATION, BY TYPE, 2017–2025 (USD MILLION)             267

TABLE 172            COLD CHAIN MONITORING MARKET FOR FOOD & BEVERAGES APPLICATION, BY OFFERING, 2017–2025 (USD MILLION) 267

TABLE 173            COLD CHAIN MONITORING MARKET FOR FOOD & BEVERAGES APPLICATION, BY HARDWARE, 2017–2025 (USD MILLION) 267

TABLE 174            COLD CHAIN MONITORING MARKET FOR FOOD & BEVERAGES APPLICATION, BY REGION, 2017–2025 (USD MILLION)             268

TABLE 175            COLD CHAIN MONITORING MARKET FOR FRUITS & VEGETABLES APPLICATION, BY OFFERING, 2017–2025 (USD MILLION) 268

TABLE 176            COLD CHAIN MONITORING MARKET FOR FRUITS & VEGETABLES APPLICATION, BY HARDWARE, 2017–2025 (USD MILLION) 269

TABLE 177            COLD CHAIN MONITORING MARKET FOR MEAT & SEAFOOD APPLICATION,

BY OFFERING, 2017–2025 (USD MILLION)              269

TABLE 178            COLD CHAIN MONITORING MARKET FOR MEAT & SEAFOOD APPLICATION,

BY HARDWARE, 2017–2025 (USD MILLION)           270

TABLE 179            COLD CHAIN MONITORING MARKET FOR POULTRY & DAIRY APPLICATION,

BY OFFERING, 2017–2025 (USD MILLION)              270

TABLE 180            COLD CHAIN MONITORING MARKET FOR POULTRY & DAIRY APPLICATION,

BY HARDWARE, 2017–2025 (USD MILLION)           271

TABLE 181            COLD CHAIN MONITORING MARKET FOR PROCESSED FOOD APPLICATION,

BY OFFERING, 2017–2025 (USD MILLION)              271

TABLE 182            COLD CHAIN MONITORING MARKET FOR PROCESSED FOOD APPLICATION,

BY HARDWARE, 2017–2025 (USD MILLION)           272

14.3.3.3                Chemicals            272

TABLE 183            COLD CHAIN MONITORING MARKET FOR CHEMICALS, BY OFFERING,

2017–2025 (USD MILLION)           272

TABLE 184            COLD CHAIN MONITORING MARKET FOR CHEMICALS, BY REGION,

2017–2025 (USD MILLION)           273

14.3.3.4                Others  273

TABLE 185            COLD CHAIN MONITORING MARKET OTHER APPLICATIONS, BY OFFERING, 2017–2025 (USD MILLION)    273

TABLE 186            COLD CHAIN MONITORING MARKET FOR OTHERS APPLICATION, BY REGION, 2017–2025 (USD MILLION)                274

14.3.4    COLD CHAIN MONITORING MARKET, BY REGION              274

TABLE 187            GLOBAL COLD CHAIN MONITORING MARKET, BY REGION,

2017–2025 (USD MILLION)           274

 

14.3.4.1                Americas             275

TABLE 188            COLD CHAIN MONITORING MARKET IN AMERICAS, BY REGION,

2017–2025 (USD MILLION)           275

TABLE 189            COLD CHAIN MONITORING MARKET IN AMERICAS, BY APPLICATION,

2017–2025 (USD MILLION)           275

TABLE 190            COLD CHAIN MONITORING MARKET IN NORTH AMERICA, BY OFFERING, 2017–2025 (USD MILLION)        275

TABLE 191            COLD CHAIN MONITORING MARKET IN SOUTH AMERICA, BY OFFERING, 2017–2025 (USD MILLION)         276

TABLE 192            COLD CHAIN MONITORING MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)         276

TABLE 193            COLD CHAIN MONITORING MARKET IN US, BY OFFERING,

2017–2025 (USD MILLION)           276

TABLE 194            COLD CHAIN MONITORING MARKET IN CANADA, BY OFFERING,

2017–2025 (USD MILLION)           277

TABLE 195            COLD CHAIN MONITORING MARKET IN MEXICO, BY OFFERING,

2017–2025 (USD MILLION)           277

14.3.4.2                Europe 277

TABLE 196            COLD CHAIN MONITORING MARKET IN EUROPE, BY COUNTRY,

2017–2025 (USD MILLION)           278

TABLE 197            COLD CHAIN MONITORING MARKET IN EUROPE, BY APPLICATION,

2017–2025 (USD MILLION)           278

TABLE 198            COLD CHAIN MONITORING MARKET IN GERMANY, BY OFFERING,

2017–2025 (USD MILLION)           279

TABLE 199            COLD CHAIN MONITORING MARKET IN FRANCE, BY OFFERING,

2017–2025 (USD MILLION)           279

TABLE 200            COLD CHAIN MONITORING MARKET IN UK, BY OFFERING,

2017–2025 (USD MILLION)           279

TABLE 201            COLD CHAIN MONITORING MARKET IN NETHERLANDS, BY OFFERING,

2017–2025 (USD MILLION)           279

TABLE 202            COLD CHAIN MONITORING MARKET IN REST OF EUROPE, BY OFFERING, 2017–2025 (USD MILLION)         280

14.3.4.3                APAC     280

TABLE 203            COLD CHAIN MONITORING MARKET IN APAC, BY COUNTRY,

2017–2025 (USD MILLION)           281

TABLE 204            COLD CHAIN MONITORING MARKET IN APAC, BY APPLICATION,

2017–2025 (USD MILLION)           281

TABLE 205            COLD CHAIN MONITORING MARKET IN CHINA, BY OFFERING,

2017–2025 (USD MILLION)           281

TABLE 206            COLD CHAIN MONITORING MARKET IN JAPAN, BY OFFERING,

2017–2025 (USD MILLION)           281

TABLE 207            COLD CHAIN MONITORING MARKET IN INDIA, BY OFFERING,

2017–2025 (USD MILLION)           282

TABLE 208            COLD CHAIN MONITORING MARKET IN REST OF APAC, BY OFFERING,

2017–2025 (USD MILLION)           282

14.3.4.4                ROW      283

TABLE 209            COLD CHAIN MONITORING MARKET IN ROW, BY REGION,

2017–2025 (USD MILLION)           283

TABLE 210            COLD CHAIN MONITORING MARKET IN ROW, BY APPLICATION,

2017–2025 (USD MILLION)           283

TABLE 211            COLD CHAIN MONITORING MARKET IN MIDDLE EAST, BY OFFERING,

2017–2025 (USD MILLION)           283

TABLE 212            COLD CHAIN MONITORING MARKET IN AFRICA, BY OFFERING,

2017–2025 (USD MILLION)           284

15           APPENDIX           285

15.1        INSIGHTS OF INDUSTRY EXPERTS              285

15.2        DISCUSSION GUIDE        286

15.3        KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL   288

15.4        AVAILABLE CUSTOMIZATIONS   290

15.5        RELATED REPORTS           290

15.6        AUTHOR DETAILS             291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

Rating: 

1 User License $4,950

Publication Date:  March, 2022

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

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

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