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Microgrid Market with COVID-19 Impact Analysis by Connectivity (Grid Connected, Off-grid Connected), Offering (Hardware, Software, Services), End Use ...

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Publication Date:  August, 2021

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1 INTRODUCTION 28
1.1 STUDY OBJECTIVES 28
1.2 DEFINITION AND SCOPE 28
1.2.1 INCLUSIONS AND EXCLUSIONS: OFFERING SEGMENT 29
1.2.2 INCLUSIONS AND EXCLUSIONS: OTHER SEGMENTS 29
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
FIGURE 1 MARKET SEGMENTATION 30
1.3.2 REGIONAL SCOPE 30
1.3.3 YEARS CONSIDERED 31
1.4 CURRENCY 31
1.5 LIMITATIONS 31
1.6 SUMMARY OF CHANGES 31
1.7 STAKEHOLDERS 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 2 MICROGRID MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Major secondary sources 34
2.1.1.2 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Primary interviews with experts 35
2.1.2.2 List of key primary interview participants 36
2.1.2.3 Breakdown of primaries 36
2.1.2.4 Key data from primary sources 37
2.1.3 SECONDARY AND PRIMARY RESEARCH 38
2.1.3.1 Key industry insights 39
2.2 MARKET SIZE ESTIMATION 39
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach used to arrive at market size using bottom-up analysis 39
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 40
2.2.1.2 Approach for obtaining company-specific information in microgrid value chain 40
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach used to arrive at market size using top-down analysis 40
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 41
2.2.3 MICROGRID MARKET: SUPPLY-SIDE ANALYSIS 41
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF MICROGRIDS 41
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE): REVENUE FROM MICROGRID HARDWARE, SOFTWARE & SERVICES 42
2.2.4 MICROGRID MARKET: DEMAND-SIDE ANALYSIS 43
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 (DEMAND SIDE) – BOTTOM-UP APPROACH FOR ESTIMATION OF SIZE OF MICROGRID MARKET BASED ON REGION 43
2.2.5 GROWTH FORECAST ASSUMPTIONS 43
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 44
FIGURE 8 DATA TRIANGULATION METHODOLOGY 44
2.4 RESEARCH ASSUMPTIONS 45
3 EXECUTIVE SUMMARY 46
FIGURE 9 MICROGRID MARKET: PRE- AND POST-COVID-19 SCENARIO ANALYSIS, 2017–2026 (USD BILLION) 46
3.1 REALISTIC SCENARIO (POST-COVID-19) 47
3.2 OPTIMISTIC SCENARIO (POST-COVID-19) 47
3.3 PESSIMISTIC SCENARIO (POST-COVID-19) 47
FIGURE 10 MICROGRID MARKET FOR GRID CONNECTED SEGMENT TO RECORD HIGHEST CAGR FROM 2021 TO 2026 48
FIGURE 11 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID MARKET FROM 2021 TO 2026 48
FIGURE 12 CONTROLLERS SEGMENT TO RECORD HIGHEST CAGR IN MICROGRID HARDWARE MARKET FROM 2021 TO 2026 49
FIGURE 13 REMOTE END USE SEGMENT TO HOLD LARGEST SHARE OF MICROGRID MARKET FROM 2021 TO 2026 49
FIGURE 14 MICROGRID MARKET IN APAC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD 50
4 PREMIUM INSIGHT 51
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN MICROGRID MARKET 51
FIGURE 15 INCREASING DEMAND FOR UNINTERRUPTED AND RELIABLE POWER SUPPLY DRIVING GROWTH OF MICROGRID MARKET 51
4.2 MICROGRID MARKET IN APAC, BY END USE AND COUNTRY 52
FIGURE 16 REMOTE SEGMENT AND AUSTRALIA TO ACCOUNT FOR LARGEST SHARES OF MICROGRID MARKET IN APAC IN 2020 52
4.3 MICROGRID MARKET, BY OFFERING 52
FIGURE 17 HARDWARE SEGMENT TO HOLD LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD 52
4.4 MICROGRID MARKET, BY HARDWARE TYPE 53
FIGURE 18 POWER GENERATORS SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID HARDWARE MARKET FROM 2021 TO 2026 53
4.5 MICROGRID MARKET, BY CONNECTIVITY 53
FIGURE 19 GRID CONNECTED SEGMENT TO ACCOUNT FOR LARGER SIZE OF MICROGRID MARKET FROM 2021 TO 2026 53
 
4.6 MICROGRID MARKET, BY END USE 54
FIGURE 20 COMMERCIAL & INDUSTRIAL SEGMENT TO HOLD LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD 54
4.7 REGIONAL ANALYSIS OF MICROGRID MARKET 54
FIGURE 21 AMERICAS TO HOLD LARGEST SHARE OF MICROGRID MARKET
FROM 2021 TO 2026 54
5 MARKET OVERVIEW 55
5.1 INTRODUCTION 55
5.2 MARKET DYNAMICS 55
FIGURE 22 MICROGRID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 55
5.2.1 DRIVERS 56
5.2.1.1 Rising focus on decarbonization by various end users and governments 56
FIGURE 23 NUMBER OF MICROGRID PROJECTS, BY SIZE /CAPACITY (MW), 2017–2026 57
5.2.1.2 Increasing demand for uninterrupted and reliable power supply 57
FIGURE 24 ABB MICROGRID PROJECTS, 2000–2019 58
5.2.1.3 Growing adoption of microgrids for rural electrification 58
5.2.1.4 Rising instances of cyberattacks on energy infrastructures 58
FIGURE 25 DRIVERS AND THEIR IMPACT ON MICROGRID MARKET 59
5.2.2 RESTRAINTS 59
5.2.2.1 Huge installation and maintenance costs of microgrids 59
FIGURE 26 RESTRAINTS AND THEIR IMPACT ON MICROGRID MARKET 60
5.2.3 OPPORTUNITIES 60
5.2.3.1 Growing number of microgrid projects for different verticals 60
TABLE 1 MICROGRID PROJECTS IN VARIOUS VERTICALS WORLDWIDE 61
FIGURE 27 MICROGRID PROJECT COUNT, BY REGION, 2017–2026 62
5.2.3.2 Increasing energy demand and need for expansion of renewable energy in APAC 62
5.2.3.3 Rising investor interest in EaaS business model to minimize costs 63
TABLE 2 BUSINESS MODEL OF COMPANIES IN MICROGRID ECOSYSTEM 63
5.2.3.4 Government support to encourage development of microgrids 64
FIGURE 28 MICROGRID INSTALLED BASE, BY REGION, 2017–2026 (MW) 64
FIGURE 29 OPPORTUNITIES AND THEIR IMPACT ON MICROGRID MARKET 65
5.2.4 CHALLENGES 65
5.2.4.1 Lack of standard and regulatory frameworks related to microgrid operations 65
5.2.4.2 Technical challenges of island mode microgrids 66
FIGURE 30 CHALLENGES AND THEIR IMPACT ON MICROGRID MARKET 66
 
6 INDUSTRY TRENDS 67
6.1 INTRODUCTION 67
6.2 VALUE CHAIN ANALYSIS 67
FIGURE 31 MICROGRID MARKET: VALUE CHAIN ANALYSIS 67
6.3 ECOSYSTEM/MARKET MAP 69
TABLE 3 MICROGRID MARKET: SUPPLY CHAIN 69
6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 70
6.4.1 EMERGING AREAS AND REVENUE POCKETS FOR MICROGRID MARKET 70
FIGURE 32 REVENUE SHIFT FOR MICROGRID MARKET 70
6.5 KEY TECHNOLOGY TRENDS 71
6.5.1 BLOCKCHAIN BASED MICROGRIDS/ BLOCKCHAIN MICROGRID 71
6.5.2 SMART MICROGRIDS 71
6.5.3 ADVENT OF AI BASED MICROGRIDS 71
6.6 PRICING ANALYSIS 72
FIGURE 33 MICROGRID PRICING TREND FOR GRID STORAGE AND GRID GENERATION (USD MILLION/MW) 72
TABLE 4 MICROGRID SOFTWARE & SERVICE COST PER MONTH FOR DIFFERENT END USERS IN 2020 72
TABLE 5 AUTOMATION CONTROLLER PRICE FOR MICROGRIDS IN 2020 72
6.7 LIST OF KEY PATENTS AND INNOVATIONS 73
FIGURE 34 NUMBER OF PATENTS/DOCUMENTS FILED BY TOP APPLICANTS FOR MICROGRIDS WORLDWIDE, 2017–2020 73
FIGURE 35 COUNTRY-WISE ANALYSIS OF PATENTS FILED BY PLAYERS IN MICROGRID MARKET, 2017–2020 73
TABLE 6 KEY PATENTS AND INNOVATIONS IN MICROGRID MARKET, 2017–2021 74
6.8 TRADE DATA 77
TABLE 7 EXPORT DATA FOR ELECTRIC MOTORS AND GENERATORS,
HS CODE: 8501 (USD MILLION) 77
FIGURE 36 ELECTRIC MOTORS AND GENERATORS - EXPORT VALUE FOR MAJOR COUNTRIES, 2016–2020 77
TABLE 8 IMPORT DATA FOR ELECTRIC MOTORS AND GENERATORS,
HS CODE: 8501 (USD MILLION) 78
FIGURE 37 ELECTRIC MOTORS AND GENERATORS - IMPORT VALUE FOR MAJOR COUNTRIES, 2016–2020 78
6.9 CASE STUDIES: MICROGRID MARKET 79
6.9.1 GE: UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY (CANADA) 79
TABLE 9 GE: BATTERY ENERGY STORAGE SYSTEM (BESS) FOR CAMPUS 79
6.9.2 GE: NAVY SHIPYARD PROJECT IN PHILADELPHIA (US) 79
TABLE 10 GE: MICROGRID ENERGY MANAGEMENT SYSTEM 79
6.9.3 HOMER ENERGY: ACE NATURAL, NEW YORK (US) 79
TABLE 11 HOMER ENERGY: HOMER GRID 79
6.9.4 S&C ELECTRIC: HALF MOON VENTURES, MINSTER, OHIO (US) 80
TABLE 12 S&C ELECTRIC: ENERGY STORAGE FOR MICROGRIDS 80
6.9.5 S&C ELECTRIC: ERGON ENERGY, QUEENSLAND (AUSTRALIA) 81
TABLE 13 S&C ELECTRIC: ENERGY STORAGE SYSTEM FOR MICROGRIDS 81
6.10 TARIFF AND REGULATORY LANDSCAPE 82
6.10.1 CARBON-REDUCTION POLICY TRENDS IN ENERGY 82
6.10.2 CLIMATE SOLUTIONS ACT 82
6.10.3 TARRIF AND REGULATIONS IN PRECISION FARMING AND SMART GREENHOUSES 82
TABLE 14 TARIFF REGULATIONS: PRECISION FARMING AND SMART GREENHOUSES 82
6.11 PORTER’S FIVE FORCES ANALYSIS 84
FIGURE 38 MICROGRID MARKET: PORTER’S FIVE FORCES ANALYSIS 84
TABLE 15 MICROGRID MARKET: PORTER’S FIVE FORCES ANALYSIS, 2020 84
6.11.1 THREAT OF NEW ENTRANTS 84
6.11.2 THREAT OF SUBSTITUTES 85
6.11.3 BARGAINING POWER OF SUPPLIERS 85
6.11.4 BARGAINING POWER OF BUYERS 85
6.11.5 INTENSITY OF COMPETITIVE RIVALRY 85
7 MICROGRID MARKET, BY CONNECTIVITY 86
7.1 INTRODUCTION 87
TABLE 16 MICROGRID MARKET, BY CONNECTIVITY, 2017–2020 (USD BILLION) 87
FIGURE 39 GRID CONNECTED MICROGRIDS TO ACCOUNT FOR LARGER SIZE OF MICROGRID MARKET DURING FORECAST PERIOD 87
TABLE 17 MICROGRID MARKET, BY CONNECTIVITY, 2021–2026 (USD BILLION) 87
7.2 OFF-GRID CONNECTED 88
7.2.1 GROWING OFF-GRID SOLAR PROJECTS TO CREATE NEW MARKET OPPORTUNITIES 88
TABLE 18 OFF-GRID CONNECTED MARKET, BY REGION, 2017–2020 (USD BILLION) 88
FIGURE 40 AMERICAS TO HOLD LARGEST SIZE OF OFF-GRID CONNECTED MICROGRID MARKET DURING FORECAST PERIOD 89
TABLE 19 OFF-GRID CONNECTED MARKET, BY REGION, 2021–2026 (USD BILLION) 89
TABLE 20 OFF-GRID CONNECTED MARKET, BY END USER, 2017–2020 (USD BILLION) 90
TABLE 21 OFF-GRID CONNECTED MARKET, BY END USER, 2021–2026 (USD BILLION) 90
7.3 GRID CONNECTED 90
7.3.1 GRID CONNECTED SEGMENT ACCOUNTED FOR LARGER SIZE OF MICROGRID MARKET IN 2020 90
TABLE 22 GRID CONNECTED MARKET, BY REGION, 2017–2020 (USD BILLION) 91
TABLE 23 GRID CONNECTED MARKET, BY REGION, 2021–2026 (USD BILLION) 91
TABLE 24 GRID CONNECTED MARKET, BY END USER, 2017–2020 (USD BILLION) 92
TABLE 25 GRID CONNECTED MARKET, BY END USER, 2021–2026 (USD BILLION) 92
8 MICROGRID MARKET, BY OFFERING 93
8.1 INTRODUCTION 94
TABLE 26 MICROGRID MARKET, BY OFFERING, 2017–2020 (USD BILLION) 94
FIGURE 41 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD 94
TABLE 27 MICROGRID MARKET, BY OFFERING, 2021–2026 (USD BILLION) 95
TABLE 28 MICROGRID HARDWARE MARKET, BY TYPE, 2017–2020 (USD BILLION) 95
TABLE 29 MICROGRID HARDWARE MARKET, BY TYPE, 2021–2026 (USD BILLION) 95
8.2 HARDWARE 96
TABLE 30 MICROGRID HARDWARE MARKET, BY REGION, 2017–2020 (USD BILLION) 96
FIGURE 42 MICROGRID MARKET IN APAC TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 96
TABLE 31 MICROGRID HARDWARE MARKET, BY REGION, 2021–2026 (USD BILLION) 97
8.2.1 POWER GENERATORS 97
8.2.1.1 Power generators segment to account for largest size of microgrid hardware market from 2021 to 2026 97
TABLE 32 MICROGRID HARDWARE MARKET FOR POWER GENERATORS, BY REGION, 2017–2020 (USD BILLION) 98
TABLE 33 MICROGRID HARDWARE MARKET FOR POWER GENERATORS, BY REGION, 2021–2026 (USD BILLION) 98
8.2.2 ENERGY STORAGE & DISTRIBUTION SYSTEMS 98
8.2.2.1 Growing need for energy storage systems to optimize delivery of power 98
TABLE 34 MICROGRID HARDWARE MARKET FOR ENERGY STORAGE & DISTRIBUTION SYSTEMS, BY REGION, 2017–2020 (USD BILLION) 99
TABLE 35 MICROGRID HARDWARE MARKET FOR ENERGY STORAGE & DISTRIBUTION SYSTEMS, BY REGION, 2021–2026 (USD BILLION) 99
8.2.3 CONTROLLERS 99
8.2.3.1 Required to monitor and optimally carry out different functions of microgrids 99
TABLE 36 MICROGRID HARDWARE MARKET FOR CONTROLLERS, BY REGION,
2017–2020 (USD BILLION) 100
TABLE 37 MICROGRID HARDWARE MARKET FOR CONTROLLERS, BY REGION,
2021–2026 (USD BILLION) 100
8.3 SOFTWARE 101
8.3.1 SOFTWARE SEGMENT OF MICROGRID MARKET PROJECTED TO RECORD HIGHEST CAGR FROM 2021 TO 2026 101
TABLE 38 MICROGRID SOFTWARE MARKET, BY REGION, 2017–2020 (USD BILLION) 101
TABLE 39 MICROGRID SOFTWARE MARKET, BY REGION, 2021–2026 (USD BILLION) 101
8.4 SERVICES 102
8.4.1 RISING NUMBER OF MICROGRID INSTALLATIONS TO CREATE NEW OPPORTUNITIES FOR SERVICES SEGMENT 102
TABLE 40 MICROGRID SERVICES MARKET, BY REGION, 2017–2020 (USD BILLION) 103
TABLE 41 MICROGRID SERVICES MARKET, BY REGION, 2021–2026 (USD BILLION) 103
9 TYPES OF MICROGRIDS 104
9.1 INTRODUCTION 104
9.2 AC MICROGRIDS 104
9.2.1 ELIMINATE REQUIREMENT FOR INVERTERS TO SUPPLY POWER TO AC LOADS 104
9.3 DC MICROGRIDS 104
9.3.1 OFFER HIGHER EFFICIENCY, RELIABILITY, AND STABILITY 104
9.4 HYBRID 105
9.4.1 USE OF DIFFERENT ENERGY SOURCES FOR POWER GENERATION REDUCES DEPENDENCE ON FOSSIL FUEL 105
10 PATTERNS OF MICROGRIDS 106
10.1 INTRODUCTION 106
10.2 URBAN/METROPOLITAN 106
10.2.1 INCREASING DEVELOPMENT OF MICROGRIDS IN URBAN AREAS LEADING TO GROWTH OF MICROGRID MARKET 106
FIGURE 43 DRIVERS OF MICROGRID MARKET IN URBAN/METROPOLITAN SEGMENT 107
10.3 SEMIURBAN 107
10.3.1 GROWING INITIATIVES TO DEVELOP MICROGRIDS FOR SEMIURBAN AREAS IN VARIOUS COUNTRIES 107
10.4 RURAL/ISLAND 108
10.4.1 LARGE NUMBER OF ELECTRIFICATION PROJECTS LEADING TO GROWTH OF MICROGRID MARKET 108
11 MICROGRID MARKET, BY END USE 109
11.1 INTRODUCTION 110
TABLE 42 MICROGRID MARKET, BY END USE, 2017–2020 (USD BILLION) 110
FIGURE 44 REMOTE END USE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF MICROGRID MARKET DURING FORECAST PERIOD 110
TABLE 43 MICROGRID MARKET, BY END USE, 2021–2026 (USD BILLION) 111
11.2 COMMERCIAL & INDUSTRIAL 111
11.2.1 COMMERCIAL & INDUSTRIAL SEGMENT TO RECORD HIGHEST CAGR FROM 2021 TO 2026 111
TABLE 44 MICROGRID MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION,
2017–2020 (USD BILLION) 112
TABLE 45 MICROGRID MARKET FOR COMMERCIAL & INDUSTRIAL, BY REGION,
2021–2026 (USD BILLION) 112
11.3 REMOTE 112
11.3.1 MICROGRID MARKET IN APAC FOR REMOTE SEGMENT TO RECORD HIGHEST CAGR FROM 2021 TO 2026 112
TABLE 46 MICROGRID MARKET FOR REMOTE, BY REGION, 2017–2020 (USD BILLION) 113
FIGURE 45 APAC TO WITNESS HIGHEST CAGR IN REMOTE END USE SEGMENT FROM 2021 TO 2026 113
TABLE 47 MICROGRID MARKET FOR REMOTE, BY REGION, 2021–2026 (USD BILLION) 114
11.4 INSTITUTES & CAMPUSES 114
11.4.1 INCREASED ADOPTION OF MICROGRIDS TO ENSURE UNINTERRUPTED POWER SUPPLY 114
TABLE 48 MICROGRID MARKET FOR INSTITUTES & CAMPUSES, BY REGION,
2017–2020 (USD BILLION) 115
TABLE 49 MICROGRID MARKET FOR INSTITUTES & CAMPUSES, BY REGION,
2021–2026 (USD BILLION) 115
 
11.5 GOVERNMENT 115
11.5.1 DECLINE IN PRICES OF ELECTRICITY GENERATED FROM RENEWABLE ENERGY SOURCES LEADING TO RISING ADOPTION OF MICROGRIDS 115
TABLE 50 MICROGRID MARKET FOR GOVERNMENT, BY REGION,
2017–2020 (USD BILLION) 116
TABLE 51 MICROGRID MARKET FOR GOVERNMENT, BY REGION,
2021–2026 (USD BILLION) 116
11.6 UTILITIES 116
11.6.1 MICROGRIDS PROVIDE UTILITIES WITH LESS EXPENSIVE ALTERNATIVE 116
TABLE 52 MICROGRID MARKET FOR UTILITIES, BY REGION, 2017–2020 (USD BILLION) 117
FIGURE 46 AMERICAS TO DOMINATE MICROGRID MARKET FOR MILITARY USE SEGMENT FROM 2021 TO 2026 117
TABLE 53 MICROGRID MARKET FOR UTILITIES, BY REGION, 2021–2026 (USD BILLION) 118
11.7 MILITARY 118
11.7.1 WIDE USE OF MICROGRIDS FOR ENERGY SECURITY AND RESILIENCY 118
TABLE 54 MICROGRID MARKET FOR MILITARY, BY REGION, 2017–2020 (USD BILLION) 119
TABLE 55 MICROGRID MARKET FOR MILITARY, BY REGION, 2021–2026 (USD BILLION) 119
11.8 HEALTHCARE 119
11.8.1 RISING ADOPTION OF MICROGRIDS IN HOSPITALS DURING COVID-19 PANDEMIC 119
TABLE 56 MICROGRID MARKET FOR HEALTHCARE, BY REGION,
2017–2020 (USD BILLION) 120
TABLE 57 MICROGRID MARKET FOR HEALTHCARE, BY REGION,
2021–2026 (USD BILLION) 120
12 GEOGRAPHIC ANALYSIS 121
12.1 INTRODUCTION 122
FIGURE 47 MICROGRID MARKET IN SOUTH KOREA TO RECORD HIGHEST CAGR FROM 2021 TO 2026 122
TABLE 58 MICROGRID MARKET, BY REGION, 2017–2020 (USD BILLION) 122
TABLE 59 MICROGRID MARKET, BY REGION, 2021–2026 (USD BILLION) 123
TABLE 60 MICROGRID INSTALLED CAPACITY, BY REGION, 2017–2020 (MW) 123
TABLE 61 MICROGRID INSTALLED CAPACITY, BY REGION, 2021–2026 (MW) 123
12.2 AMERICAS 124
FIGURE 48 AMERICAS: MICROGRID MARKET SNAPSHOT 124
TABLE 62 MICROGRID MARKET IN AMERICAS, BY REGION, 2017–2020 (USD BILLION) 125
TABLE 63 MICROGRID MARKET IN AMERICAS, BY REGION, 2021–2026 (USD BILLION) 125
TABLE 64 MICROGRID MARKET IN AMERICAS, BY CONNECTIVITY,
2017–2020 (USD BILLION) 125
TABLE 65 MICROGRID MARKET IN AMERICAS, BY CONNECTIVITY,
2021–2026 (USD BILLION) 125
TABLE 66 MICROGRID MARKET IN AMERICAS, BY OFFERING,
2017–2020 (USD BILLION) 126
TABLE 67 MICROGRID MARKET IN AMERICAS, BY OFFERING,
2021–2026 (USD BILLION) 126
TABLE 68 MICROGRID HARDWARE MARKET IN AMERICAS, BY TYPE,
2017–2020 (USD BILLION) 126
TABLE 69 MICROGRID HARDWARE MARKET IN AMERICAS, BY TYPE,
2021–2026 (USD BILLION) 126
TABLE 70 MICROGRID MARKET IN AMERICAS, BY END USE, 2017–2020 (USD BILLION) 127
TABLE 71 MICROGRID MARKET IN AMERICAS, BY END USE, 2021–2026 (USD BILLION) 127
12.2.1 NORTH AMERICA 127
TABLE 72 MICROGRID MARKET IN NORTH AMERICA, BY COUNTRY,
2017–2020 (USD BILLION) 128
TABLE 73 MICROGRID MARKET IN NORTH AMERICA, BY COUNTRY,
2021–2026 (USD BILLION) 128
TABLE 74 MICROGRID MARKET IN NORTH AMERICA, BY CONNECTIVITY,
2017–2020 (USD BILLION) 128
TABLE 75 MICROGRID MARKET IN NORTH AMERICA, BY CONNECTIVITY,
2021–2026 (USD BILLION) 128
TABLE 76 MICROGRID MARKET IN NORTH AMERICA, BY OFFERING,
2017–2020 (USD BILLION) 129
TABLE 77 MICROGRID MARKET IN NORTH AMERICA, BY OFFERING,
2021–2026 (USD BILLION) 129
TABLE 78 MICROGRID HARDWARE MARKET IN NORTH AMERICA, BY TYPE,
2017–2020 (USD BILLION) 129
TABLE 79 MICROGRID HARDWARE MARKET IN NORTH AMERICA, BY TYPE,
2021–2026 (USD BILLION) 130
TABLE 80 MICROGRID MARKET IN NORTH AMERICA, BY END USE,
2017–2020 (USD BILLION) 130
TABLE 81 MICROGRID MARKET IN NORTH AMERICA, BY END USER,
2021–2026 (USD BILLION) 130
12.2.1.1 US 131
12.2.1.1.1 Growing use of renewable energy sources in microgrids and presence of key players to drive market from 2021 to 2026 131
TABLE 82 MICROGRID PROJECTS IN THE US FROM 2017 TO 2020 132
12.2.1.2 Canada 132
12.2.1.2.1 Remote communities to create opportunities for microgrid developers 132
TABLE 83 MICROGRID PROJECTS IN CANADA FROM 2017 TO 2019 133
12.2.1.3 Mexico 133
12.2.1.3.1 Mexican market to record highest CAGR in
North America from 2021 to 2026 133
12.2.2 SOUTH AMERICA 133
TABLE 84 MICROGRID MARKET IN SOUTH AMERICA, BY COUNTRY,
2017–2020 (USD BILLION) 134
TABLE 85 MICROGRID MARKET IN SOUTH AMERICA, BY COUNTRY,
2021–2026 (USD BILLION) 134
TABLE 86 MICROGRID MARKET IN SOUTH AMERICA, BY CONNECTIVITY,
2017–2020 (USD BILLION) 134
TABLE 87 MICROGRID MARKET IN SOUTH AMERICA, BY CONNECTIVITY,
2021–2026 (USD BILLION) 134
TABLE 88 MICROGRID MARKET IN SOUTH AMERICA, BY OFFERING,
2017–2020 (USD BILLION) 135
TABLE 89 MICROGRID MARKET IN SOUTH AMERICA, BY OFFERING,
2021–2026 (USD BILLION) 135
TABLE 90 MICROGRID HARDWARE MARKET IN SOUTH AMERICA, BY TYPE,
2017–2020 (USD BILLION) 135
TABLE 91 MICROGRID HARDWARE MARKET IN SOUTH AMERICA, BY TYPE,
2021–2026(USD BILLION) 136
TABLE 92 MICROGRID MARKET IN SOUTH AMERICA, BY END USE,
2017–2020 (USD BILLION) 136
TABLE 93 MICROGRID MARKET IN SOUTH AMERICA, BY END USE,
2021–2026 (USD BILLION) 136
12.2.2.1 Brazil 137
12.2.2.1.1 Brazil to dominate microgrid market in South America from 2021 to 2026 137
12.2.2.2 Argentina 137
12.2.2.2.1 Focus on renewable energy sources and development of smart grids 137
12.2.2.3 Rest of South America 137
12.3 EUROPE 138
FIGURE 49 EUROPE: MICROGRID MARKET SNAPSHOT 139
TABLE 94 MICROGRID MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD BILLION) 140
TABLE 95 MICROGRID MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD BILLION) 140
TABLE 96 MICROGRID MARKET IN EUROPE, BY CONNECTIVITY,
2017–2020 (USD BILLION) 140
TABLE 97 MICROGRID MARKET IN EUROPE, BY CONNECTIVITY,
2021–2026 (USD BILLION) 141
TABLE 98 MICROGRID MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD BILLION) 141
TABLE 99 MICROGRID MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD BILLION) 141
TABLE 100 MICROGRID HARDWARE MARKET IN EUROPE, BY TYPE,
2017–2020 (USD BILLION) 141
TABLE 101 MICROGRID HARDWARE MARKET IN EUROPE, BY TYPE,
2021–2026 (USD BILLION) 142
TABLE 102 MICROGRID MARKET IN EUROPE, BY END USE, 2017–2020 (USD MILLION) 142
TABLE 103 MICROGRID MARKET IN EUROPE, BY END USE, 2021–2026 (USD MILLION) 142
TABLE 104 MICROGRID PROJECTS IN EUROPE FROM 2017 TO 2021 143
12.3.1 UK 143
12.3.1.1 Rising use of microgrids to reduce waste heat generated by traditional systems 143
TABLE 105 MICROGRID PROJECTS IN THE UK FROM 2017 TO 2021 144
12.3.2 GERMANY 144
12.3.2.1 Growing adoption of microgrids due to government initiatives 144
12.3.3 FRANCE 144
12.3.3.1 Increase in government investments to promote adoption of microgrids 144
 
12.3.4 ITALY 145
12.3.4.1 Rising installations of PV systems to boost demand for microgrids 145
12.3.5 REST OF EUROPE 145
TABLE 106 MICROGRID PROJECTS IN REST OF EUROPE FROM 2017 TO 2019 145
12.4 APAC 145
FIGURE 50 APAC: MICROGRID MARKET SNAPSHOT 146
TABLE 107 MICROGRID MARKET IN APAC, BY COUNTRY, 2017–2020 (USD BILLION) 147
TABLE 108 MICROGRID MARKET IN APAC, BY COUNTRY, 2021–2026 (USD BILLION) 147
TABLE 109 MICROGRID MARKET IN APAC, BY CONNECTIVITY,
2017–2020 (USD BILLION) 147
TABLE 110 MICROGRID MARKET IN APAC, BY CONNECTIVITY,
2021–2026 (USD BILLION) 148
TABLE 111 MICROGRID MARKET IN APAC, BY OFFERING, 2017–2020 (USD BILLION) 148
TABLE 112 MICROGRID MARKET IN APAC, BY OFFERING, 2021–2026 (USD BILLION) 148
TABLE 113 MICROGRID HARDWARE MARKET IN APAC, BY TYPE,
2017–2020 (USD BILLION) 148
TABLE 114 MICROGRID HARDWARE MARKET IN APAC, BY TYPE,
2021–2026 (USD BILLION) 149
TABLE 115 MICROGRID MARKET IN APAC, BY END USE, 2017–2020 (USD BILLION) 149
TABLE 116 MICROGRID MARKET IN APAC, BY END USE, 2021–2026 (USD BILLION) 149
12.4.1 AUSTRALIA 150
12.4.1.1 Australia to lead microgrid market in APAC from 2021 to 2026 150
TABLE 117 MICROGRID PROJECTS IN AUSTRALIA FROM 2017 TO 2020 150
12.4.2 CHINA 150
12.4.2.1 Increasing government initiatives to promote use of clean energy 150
TABLE 118 MICROGRID PROJECTS IN CHINA FROM 2017 TO 2018 151
12.4.3 JAPAN 151
12.4.3.1 Growing need for reliable power supply fueling growth of microgrid market 151
12.4.4 SOUTH KOREA 151
12.4.4.1 South Korea to record highest CAGR from 2021 to 2026 151
12.4.5 REST OF APAC 152
TABLE 119 MICROGRID PROJECTS IN REST OF APAC FROM 2017 TO 2021 152
12.5 ROW 153
TABLE 120 MICROGRID MARKET IN ROW, BY REGION, 2017–2020 (USD BILLION) 153
TABLE 121 MICROGRID MARKET IN ROW, BY REGION, 2021–2026 (USD BILLION) 153
TABLE 122 MICROGRID MARKET IN ROW, BY CONNECTIVITY, 2017–2020 (USD BILLION) 153
TABLE 123 MICROGRID MARKET IN ROW, BY CONNECTIVITY, 2021–2026 (USD BILLION) 154
TABLE 124 MICROGRID MARKET IN ROW, BY OFFERING, 2017–2020 (USD BILLION) 154
TABLE 125 MICROGRID MARKET IN ROW, BY OFFERING, 2021–2026 (USD BILLION) 154
TABLE 126 MICROGRID HARDWARE MARKET IN ROW, BY TYPE,
2017–2020 (USD BILLION) 154
TABLE 127 MICROGRID HARDWARE MARKET IN ROW, BY TYPE,
2021–2026 (USD BILLION) 155
TABLE 128 MICROGRID MARKET IN ROW, BY END USE, 2017–2020 (USD BILLION) 155
TABLE 129 MICROGRID MARKET IN ROW, BY END USE, 2021–2026 (USD BILLION) 155
12.5.1 MIDDLE EAST 156
12.5.1.1 Growth of healthcare sector and rising demand for reliable power supply contribute to growth of microgrid market 156
TABLE 130 MICROGRID PROJECTS IN THE MIDDLE EAST IN 2018 156
12.5.2 AFRICA 156
12.5.2.1 Africa to account for large share of RoW microgrid market
from 2021 to 2026 156
TABLE 131 MICROGRID PROJECTS IN AFRICA FROM 2017 TO 2020 157
13 COMPETITIVE LANDSCAPE 158
13.1 INTRODUCTION 158
TABLE 132 OVERVIEW OF STRATEGIES ADOPTED BY KEY MICROGRID PROVIDERS 158
FIGURE 51 PRODUCT LAUNCHES AND ACQUISITIONS STRATEGIES ADOPTED
BY KEY PLAYERS FROM FEBRUARY 2017 TO MAY 2021 161
13.2 MARKET SHARE ANALYSIS, 2020 162
TABLE 133 MICROGRID MARKET: DEGREE OF COMPETITION 162
13.3 REVENUE ANALYSIS 164
FIGURE 52 REVENUE ANALYSIS: TOP 5 PLAYERS 164
13.4 COMPANY EVALUATION QUADRANT 164
13.4.1 STARS 164
13.4.2 PERVASIVE 164
13.4.3 EMERGING LEADERS 164
13.4.4 PARTICIPANTS 164
FIGURE 53 MICROGRID MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2020 165
13.5 SME EVALUATION MATRIX FOR MICROGRID MARKET, 2020 166
13.5.1 PROGRESSIVE COMPANIES 166
13.5.2 RESPONSIVE COMPANIES 166
13.5.3 DYNAMIC COMPANIES 166
13.5.4 STARTING BLOCKS 166
FIGURE 54 MICROGRID MARKET (GLOBAL) COMPETITIVE LEADERSHIP
MAPPING, SME ECOSYSTEM, 2020 167
13.6 COMPETITIVE BENCHMARKING 168
TABLE 134 COMPANY PRODUCT FOOTPRINT (25 COMPANIES) 168
TABLE 135 COMPANY OFFERINGS FOOTPRINT 169
TABLE 136 COMPANY END USE FOOTPRINT (25 COMPANIES) 170
TABLE 137 COMPANY REGION FOOTPRINT (25 COMPANIES) 171
13.7 COMPETITIVE SITUATION AND TRENDS 172
13.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS 172
TABLE 138 MICROGRID MARKET: PRODUCT LAUNCHES, JANUARY 2017–MAY 2021 172
13.7.2 DEALS 176
TABLE 139 MICROGRID MARKET: DEALS, MARCH 2017–MAY 2021 176
14 COMPANY PROFILE 181
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
14.1 KEY PLAYERS 181
14.1.1 ABB (HITACHI ABB POWER GRIDS) 181
TABLE 140 ABB: BUSINESS OVERVIEW 181
FIGURE 55 ABB: COMPANY SNAPSHOT 182
TABLE 141 ABB: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 182
TABLE 142 ABB: PRODUCT LAUNCHES 184
TABLE 143 ABB: DEALS 185
14.1.2 GENERAL ELECTRIC (GE) 190
TABLE 144 GENERAL ELECTRIC: BUSINESS OVERVIEW 190
FIGURE 56 GENERAL ELECTRIC: COMPANY SNAPSHOT 191
TABLE 145 GENERAL ELECTRIC: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 191
TABLE 146 GENERAL ELECTRIC: PRODUCT LAUNCHES 193
TABLE 147 GENERAL ELECTRIC: DEALS 193
14.1.3 SIEMENS 198
TABLE 148 SIEMENS: BUSINESS OVERVIEW 198
FIGURE 57 SIEMENS: COMPANY SNAPSHOT 199
TABLE 149 SIEMENS: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 199
TABLE 150 SIEMENS: PRODUCT LAUNCHES 200
TABLE 151 SIEMENS: DEALS 202
14.1.4 EATON CORPORATION 205
TABLE 152 EATON CORPORATION: BUSINESS OVERVIEW 205
FIGURE 58 EATON CORPORATION: COMPANY SNAPSHOT 206
TABLE 153 EATON CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 206
TABLE 154 EATON CORPORATION: PRODUCT LAUNCHES 208
TABLE 155 EATON CORPORATION: DEALS 209
TABLE 156 EATON CORPORATION: OTHERS 211
14.1.5 SCHNEIDER ELECTRIC 213
TABLE 157 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 213
FIGURE 59 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 214
TABLE 158 SCHNEIDER ELECTRIC: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 214
TABLE 159 SCHNEIDER ELECTRIC: PRODUCT LAUNCHES 215
TABLE 160 SCHNEIDER ELECTRIC: DEALS 216
TABLE 161 SCHNEIDER ELECTRIC: OTHERS 217
14.1.6 HONEYWELL 218
TABLE 162 HONEYWELL: BUSINESS OVERVIEW 218
FIGURE 60 HONEYWELL: COMPANY SNAPSHOT 219
TABLE 163 HONEYWELL: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 219
TABLE 164 HONEYWELL: PRODUCT LAUNCHES 220
TABLE 165 HONEYWELL: DEALS 221
14.1.7 HOMER ENERGY 222
TABLE 166 HOMER ENERGY: BUSINESS OVERVIEW 222
TABLE 167 HOMER ENERGY: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 222
TABLE 168 HOMER ENERGY: PRODUCT LAUNCHES 223
TABLE 169 HOMER ENERGY: DEALS 225
14.1.8 S&C ELECTRIC 226
TABLE 170 S&C ELECTRIC: BUSINESS OVERVIEW 226
TABLE 171 S&C ELECTRIC: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 226
TABLE 172 S&C ELECTRIC: PRODUCT LAUNCHES 227
TABLE 173 S&C ELECTRIC: DEALS 228
TABLE 174 S&C ELECTRIC: OTHERS 228
14.1.9 POWER ANALYTICS 229
TABLE 175 POWER ANALYTICS: BUSINESS OVERVIEW 229
TABLE 176 POWER ANALYTICS: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 230
TABLE 177 POWER ANALYTICS: PRODUCT LAUNCHES 231
TABLE 178 POWER ANALYTICS: DEALS 232
14.1.10 EXELON CORPORATION 233
TABLE 179 EXELON CORPORATION: BUSINESS OVERVIEW 233
FIGURE 61 EXELON CORPORATION: COMPANY SNAPSHOT 233
TABLE 180 EXELON CORPORATION: PRODUCT/SOLUTIONS/SERVICES OFFERINGS 234
TABLE 181 EXELON CORPORATION: DEALS 234
14.2 OTHER PLAYERS 235
14.2.1 PARETO ENERGY 235
14.2.2 ANBARIC TRANSMISSION 235
14.2.3 TESLA 236
14.2.4 SPIRAE 236
14.2.5 GENERAL MICROGRIDS 237
14.2.6 GRAM POWER 237
14.2.7 POWERHIVE 238
14.2.8 ADVANCED MICROGRID SOLUTIONS (AMS) 238
14.2.9 GO ELECTRIC 239
14.2.10 DAJIE 239
14.2.11 CANOPY POWER 240
14.2.12 GREEN ENERGY CORP 240
14.2.13 POWERSECURE, INC, A SUBSIDIARY OF SOUTHERN COMPANY 241
14.2.14 VIRIDITY ENERGY BY ORMAT TECHNOLOGIE 241
14.2.15 FERROAMP 242
*Details on Business Overview, Products 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.
 
15 APPENDIX 243
15.1 INSIGHTS FROM INDUSTRY EXPERTS 243
15.2 DISCUSSION GUIDE 243
15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 246
15.4 AVAILABLE CUSTOMIZATIONS 248
15.5 RELATED REPORTS 248
15.6 AUTHOR DETAILS 249

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

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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

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

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# of Pages:        184

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Publication Date:  March, 2022

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