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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

Rating: 

1 User License $4,950

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

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

Operational Technology Market with COVID-19 Impact, by Components (Field Devices, Control Systems, & Services), Networking Technology, Industry (Proce...

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Publication Date:  March, 2022

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1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION 34
1.3 INCLUSIONS AND EXCLUSIONS 35
1.4 STUDY SCOPE 36
1.4.1 MARKETS COVERED 36
FIGURE 1 OPERATIONAL TECHNOLOGY MARKET SEGMENTATION 36
1.4.2 GEOGRAPHIC SCOPE 36
1.5 YEARS CONSIDERED 37
1.6 CURRENCY & PRICING 37
1.7 LIMITATIONS 37
1.8 STAKEHOLDERS 37
1.9 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 2 OPERATIONAL TECHNOLOGY MARKET: RESEARCH DESIGN 39
2.1.1 SECONDARY AND PRIMARY RESEARCH 40
2.1.2 SECONDARY DATA 41
2.1.2.1 List of major secondary sources 41
2.1.2.2 Key data from secondary sources 41
2.1.3 PRIMARY DATA 42
2.1.3.1 Primary interviews with experts 42
2.1.3.2 Key data from primary sources 42
2.1.3.3 Key industry insights 43
2.1.3.4 Breakdown of primaries 43
2.2 MARKET SIZE ESTIMATION 44
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE FROM SCADA IN OPERATIONAL TECHNOLOGY MARKET 44
2.2.1 BOTTOM-UP APPROACH 45
2.2.1.1 Approach for arriving at market size by bottom-up analysis
(demand side) 45
FIGURE 4 OPERATIONAL TECHNOLOGY MARKET: BOTTOM-UP APPROACH 45
2.2.2 TOP-DOWN APPROACH 46
2.2.2.1 Approach for arriving at market size using top-down analysis
(supply side) 46
FIGURE 5 OPERATIONAL TECHNOLOGY MARKET: TOP-DOWN APPROACH 46
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 47
FIGURE 6 DATA TRIANGULATION 47
2.4 RESEARCH ASSUMPTIONS AND RISK ASSESSMENT 48
3 EXECUTIVE SUMMARY 49
FIGURE 7 ANALYSIS OF IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET 49
3.1 REALISTIC SCENARIO 50
3.2 PESSIMISTIC SCENARIO 50
3.3 OPTIMISTIC SCENARIO 50
FIGURE 8 MARKET FOR INDUSTRIAL SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 51
FIGURE 9 DCS SEGMENT TO HOLD LARGEST SHARE THROUGHOUT FORECAST PERIOD 51
FIGURE 10 MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 52
FIGURE 11 MARKET FOR MACHINE MANUFACTURING TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 53
FIGURE 12 OPERATIONAL TECHNOLOGY MARKET, BY REGION 54
4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR OPERATIONAL TECHNOLOGY MARKET 55
FIGURE 13 OPERATIONAL TECHNOLOGY MARKET TO HAVE HUGE GROWTH OPPORTUNITIES IN APAC 55
4.2 OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS 55
FIGURE 14 INDUSTRIAL SENSORS SEGMENT TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 55
4.3 OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS 56
FIGURE 15 DCS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 56
4.4 OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY 56
FIGURE 16 MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 56
4.5 OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY 57
FIGURE 17 MACHINE MANUFACTURING TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 57
4.6 OPERATIONAL TECHNOLOGY MARKET, BY GEOGRAPHY 57
FIGURE 18 APAC TO HOLD LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET THROUGHOUT FORECAST PERIOD 57
5 MARKET OVERVIEW 58
5.1 INTRODUCTION 58
5.2 MARKET DYNAMICS 58
FIGURE 19 GLOBAL OPERATIONAL TECHNOLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 58
5.2.1 DRIVERS 59
5.2.1.1 Increasing emphasis on real-time data analysis and predictive maintenance 59
5.2.1.2 Emergence of connected enterprises 59
5.2.1.3 Strategic initiatives by governments to promote adoption of operational technologies 59
5.2.1.4 Emphasis on optimum utilization of resources 60
FIGURE 20 DRIVERS FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT 61
5.2.2 RESTRAINTS 61
5.2.2.1 High installation and maintenance costs 61
5.2.2.2 Requirement of maintenance and frequent software upgrades 62
5.2.2.3 Lack of skilled professionals 62
FIGURE 21 RESTRAINTS FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT 63
5.2.3 OPPORTUNITIES 63
5.2.3.1 Increased demand for safety compliance automation solutions 63
5.2.3.2 Adoption of emerging technologies such as IIoT and cloud computing in industrial environments 64
5.2.3.3 Development of machine learning and big data analytics 64
5.2.3.4 Rapid industrial growth in emerging economies 65
FIGURE 22 OPPORTUNITIES FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET AND THEIR IMPACT 65
5.2.4 CHALLENGES 66
5.2.4.1 Lack of standardization in industrial communication protocols and interfaces 66
5.2.4.2 Rise in instances of automated cyber attacks 66
FIGURE 23 CHALLENGES FOR GLOBAL OPERATIONAL TECHNOLOGY MARKET
AND THEIR IMPACT 67
5.3 VALUE CHAIN ANALYSIS 67
FIGURE 24 OPERATIONAL TECHNOLOGY MARKET: VALUE CHAIN ANALYSIS 67
5.4 ECOSYSTEM 68
FIGURE 25 OPERATIONAL TECHNOLOGY MARKET: ECOSYSTEM 68
TABLE 1 COMPANIES AND THEIR ROLE IN OPERATIONAL TECHNOLOGY
MARKET ECOSYSTEM 69
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 70
FIGURE 26 OPERATIONAL TECHNOLOGY MARKET: TRENDS/DISRUPTIONS
IMPACTING CUSTOMER’S BUSINESS 70
5.6 PORTER’S FIVE FORCES ANALYSIS 70
TABLE 2 OPERATIONAL TECHNOLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS 71
5.6.1 THREAT OF NEW ENTRANTS 71
5.6.2 THREAT OF SUBSTITUTES 71
5.6.3 BARGAINING POWER OF SUPPLIERS 72
5.6.4 BARGAINING POWER OF BUYERS 72
5.6.5 INTENSITY OF COMPETITIVE RIVALRY 72
5.7 CASE STUDY 72
5.7.1 USE CASE 1: ARB MIDSTREAM 72
5.7.2 USE CASE 2: CANADIAN CRUDE OIL PRODUCER 73
5.7.3 USE CASE 3: BARCELONA 73
5.7.4 USE CASE 4: HIETA 74
 
5.8 PRICING ANALYSIS 74
5.8.1 LEVEL TRANSMITTERS 74
5.8.2 INDUSTRIAL SENSORS 74
TABLE 3 PRICE RANGE OF INDUSTRIAL SENSORS 75
5.8.3 AVERAGE SELLING PRICES OF MARKET PLAYERS, BY FIELD DEVICES 75
FIGURE 27 AVERAGE SELLING PRICES OF KEY PLAYERS, BY FIELD DEVICES 75
TABLE 4 AVERAGE SELLING PRICES OF KEY PLAYERS, BY FIELD DEVICES (USD) 76
5.9 KEY CONFERENCES & EVENTS IN 2022–2023 76
TABLE 5 OPERATIONAL TECHNOLOGY MARKET: DETAILED LIST OF
CONFERENCES & EVENTS 76
5.10 TRADE ANALYSIS 78
5.10.1 VALVES 78
FIGURE 28 IMPORTS DATA FOR VALVES, 2016–2020 (USD MILLION) 78
FIGURE 29 EXPORTS DATA FOR VALVES, 2016–2020 (USD MILLION) 79
5.11 PATENTS ANALYSIS 79
FIGURE 30 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2021 79
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT
APPLICATIONS IN LAST 10 YEARS 80
TABLE 6 LIST OF TOP PATENT OWNERS IN LAST 10 YEARS 80
5.11.1 LIST OF MAJOR PATENTS 81
5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 84
5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS 84
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 INDUSTRIES 84
TABLE 7 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR
TOP 3 INDUSTRIES (%) 84
5.12.2 BUYING CRITERIA 85
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 85
TABLE 8 KEY BUYING CRITERIA FOR TOP 3 INDUSTRIES 85
5.13 TECHNOLOGY TRENDS 86
5.13.1 INDUSTRY 4.0 86
5.13.2 ARTIFICIAL INTELLIGENCE (AI) 86
5.13.3 INTERNET OF THINGS (IOT) 87
5.13.4 BLOCKCHAIN 87
5.13.5 AUGMENTED REALITY (AR) & VIRTUAL REALITY (VR) 87
5.13.6 PREDICTIVE MAINTENANCE 88
5.13.7 DIGITAL TWIN 88
5.14 STANDARDS & REGULATORY LANDSCAPE 88
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 9 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT
AGENCIES, AND OTHER ORGANIZATIONS 88
TABLE 10 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 89
TABLE 11 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,
AND OTHER ORGANIZATIONS 90
TABLE 12 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 91
5.14.2 REGULATORY STANDARDS 91
5.14.2.1 IEC TS 62832-1: 2020 91
5.14.2.2 ISO/IEC TR 63306-1:2020 91
5.14.2.3 ISO 55001: 2014 91
TABLE 13 MAJOR COMMUNICATION STANDARDS FOR SCADA SYSTEMS 92
TABLE 14 INDUSTRIAL SAFETY STANDARDS 92
6 OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT 93
6.1 INTRODUCTION 94
FIGURE 34 OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT 94
TABLE 15 OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 94
TABLE 16 OPERATIONAL TECHNOLOGY MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 95
6.2 FIELD INSTRUMENTS 95
FIGURE 35 MARKET FOR INDUSTRIAL SENSORS TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 96
TABLE 17 OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS,
2018–2021 (USD MILLION) 96
TABLE 18 OPERATIONAL TECHNOLOGY MARKET, BY FIELD INSTRUMENTS,
2022–2027 (USD MILLION) 96
TABLE 19 OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS, BY REGION, 2018–2021 (USD MILLION) 97
TABLE 20 OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS, BY REGION, 2022–2027 (USD MILLION) 97
TABLE 21 OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 97
TABLE 22 OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 98
TABLE 23 OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 98
TABLE 24 OPERATIONAL TECHNOLOGY MARKET FOR FIELD INSTRUMENTS,
BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 98
6.2.1 INDUSTRIAL VALVES 99
6.2.1.1 Growth of process and discrete industries leads to growing demand for industrial valves 99
TABLE 25 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY REGION, 2018–2021 (USD MILLION) 99
TABLE 26 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY REGION, 2022–2027 (USD MILLION) 99
TABLE 27 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 100
TABLE 28 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL VALVES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 100
6.2.2 TRANSMITTERS 101
TABLE 29 TYPES OF TRANSMITTERS USED IN FIELD INSTRUMENTS 101
6.2.2.1 Pressure transmitters 102
6.2.2.1.1 Pressure transmitters can determine pressure of liquid, gas, and steam in different industries 102
6.2.2.2 Temperature transmitters 102
6.2.2.2.1 Temperature transmitters are used for determining temperature of fluids in various industries 102
6.2.2.3 Level transmitters 102
6.2.2.3.1 Level transmitters determine the level of given liquid or solid bulk in process industries 102
TABLE 30 OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY REGION, 2018–2021 (USD MILLION) 103
TABLE 31 OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY REGION, 2022–2027 (USD MILLION) 103
TABLE 32 OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 103
TABLE 33 OPERATIONAL TECHNOLOGY MARKET FOR TRANSMITTERS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 104
6.2.3 INDUSTRIAL SENSORS 104
6.2.3.1 Rise in use of industrial sensors to ensure connectivity in manufacturing plants to boost market growth 104
6.2.3.2 Wired industrial sensors 105
6.2.3.3 Wireless industrial sensors 105
TABLE 34 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY REGION, 2018–2021 (USD MILLION) 105
TABLE 35 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY REGION, 2022–2027 (USD MILLION) 105
TABLE 36 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 106
TABLE 37 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 106
TABLE 38 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 106
TABLE 39 OPERATIONAL TECHNOLOGY MARKET FOR INDUSTRIAL SENSORS,
BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 106
6.2.4 ACTUATORS 107
6.2.4.1 Growing requirement for improved control over movement of equipment in manufacturing facilities to boost market growth 107
6.2.4.2 Linear actuators 107
6.2.4.2.1 Rod type linear actuators 107
6.2.4.2.1.1 Increasing use of rod-less type linear actuators in aircraft structures to drive demand 107
6.2.4.2.2 Screw type linear actuators 108
6.2.4.2.2.1 Growing use with servomotors in drive and control hardware to fuel demand 108
6.2.4.2.3 Belt type linear actuators 108
6.2.4.2.3.1 Rising use to increase operational efficiency of process automation to drive demand 108
6.2.4.3 Rotary actuators 108
6.2.4.3.1 Motors 108
6.2.4.3.1.1 Surging sales of industrial robots to drive demand 108
6.2.4.3.2 Bladder & vane 108
6.2.4.3.2.1 Increasing use in gates and valves deployed in process industries to drive demand 108
6.2.4.3.3 Piston type 109
6.2.4.3.3.1 Growing use for precision control applications in electronics industry to drive demand 109
6.3 CONTROL SYSTEMS 109
FIGURE 36 DCS TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 109
TABLE 40 OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS,
2018–2021 (USD MILLION) 110
TABLE 41 OPERATIONAL TECHNOLOGY MARKET, BY CONTROL SYSTEMS,
2022–2027 (USD MILLION) 110
TABLE 42 OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY REGION, 2018–2021 (USD MILLION) 110
TABLE 43 OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY REGION, 2022–2027 (USD MILLION) 111
TABLE 44 OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 111
TABLE 45 OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 112
TABLE 46 OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 112
TABLE 47 OPERATIONAL TECHNOLOGY MARKET FOR CONTROL SYSTEMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 113
6.3.1 SUPERVISORY CONTROL AND DATA ACQUISITION (SCADA) 113
6.3.1.1 Surge in adoption of SCADA for collecting real-time data from remote locations and controlling different devices to fuel market growth 113
FIGURE 37 SCOPE OF SCADA IN OPERATIONAL TECHNOLOGY MARKET 114
TABLE 48 OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY REGION,
2018–2021 (USD MILLION) 114
TABLE 49 OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY REGION,
2022–2027 (USD MILLION) 115
TABLE 50 OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 115
TABLE 51 OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 116
TABLE 52 OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 116
TABLE 53 OPERATIONAL TECHNOLOGY MARKET FOR SCADA, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 117
6.3.2 PLANT ASSET MANAGEMENT 117
6.3.2.1 Surging adoption of PAM systems to reduce downtime and wastage in manufacturing plants to fuel market growth 117
6.3.2.2 By offering 118
6.3.2.2.1 PAM solutions help improve operational efficiency of business processes 118
6.3.2.3 By deployment 118
6.3.2.3.1 Cloud (online) deployment mode is gaining popularity due to growing demand for advanced technologies 118
6.3.2.4 By asset type 119
6.3.2.4.1 PAM solutions are in demand for production assets such as monitoring, rotating, and reciprocating equipment 119
TABLE 54 OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY REGION,
2018–2021 (USD MILLION) 119
TABLE 55 OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY REGION,
2022–2027 (USD MILLION) 120
TABLE 56 OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 120
TABLE 57 OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 120
TABLE 58 OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 121
TABLE 59 OPERATIONAL TECHNOLOGY MARKET FOR PAM, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 121
6.3.3 DISTRIBUTED CONTROL SYSTEM (DCS) 121
6.3.3.1 Rise in demand for process automation and control in industrial manufacturing plants to drive growth of DCS segment 121
FIGURE 38 BENEFITS OF DCS IN INDUSTRIAL PLANTS 122
TABLE 60 SOME MODELS OF DCS OFFERED BY DIFFERENT COMPANIES 122
FIGURE 39 DCS TYPE 123
TABLE 61 OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY REGION,
2018–2021 (USD MILLION) 124
TABLE 62 OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY REGION,
2022–2027 (USD MILLION) 124
TABLE 63 OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 124
TABLE 64 OPERATIONAL TECHNOLOGY MARKET FOR DCS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 125
FIGURE 40 BENCHMARKING OF TOP 3 COMPANIES IN DCS MARKET 126
6.3.4 HUMAN–MACHINE INTERFACE (HMI) 127
6.3.4.1 Improvements in data visualization offered by HMI to fuel its adoption rate 127
TABLE 65 OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY REGION,
2018–2021 (USD MILLION) 127
TABLE 66 OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY REGION,
2022–2027 (USD MILLION) 127
TABLE 67 OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 128
TABLE 68 OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 128
TABLE 69 OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 129
TABLE 70 OPERATIONAL TECHNOLOGY MARKET FOR HMI, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 129
6.3.5 MANUFACTURING EXECUTION SYSTEM (MES) 130
6.3.5.1 Cost-saving and operation optimization benefits of MES to drive their demand 130
TABLE 71 OPERATIONAL TECHNOLOGY MARKET FOR MES, BY REGION,
2018–2021 (USD MILLION) 130
TABLE 72 OPERATIONAL TECHNOLOGY MARKET FOR MES, BY REGION,
2022–2027 (USD MILLION) 131
TABLE 73 OPERATIONAL TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 131
TABLE 74 OPERATIONAL TECHNOLOGY MARKET FOR MES, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 131
TABLE 75 OPERATIONAL TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 132
TABLE 76 OPERATIONAL TECHNOLOGY MARKET FOR MES, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 132
6.3.6 WAREHOUSE MANAGEMENT SYSTEM (WMS) 132
6.3.6.1 By offering 133
6.3.6.1.1 Digitization of supply chain management propels growth of warehouse management system market 133
6.3.6.2 Implementation type 133
6.3.6.2.1 Increasing adoption of on-cloud WMS solutions 133
6.3.6.3 By tier type 134
6.3.6.3.1 Rising demand for WMS from several industries 134
TABLE 77 OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY REGION,
2018–2021 (USD MILLION) 134
TABLE 78 OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY REGION,
2022–2027 (USD MILLION) 134
TABLE 79 OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 135
TABLE 80 OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 135
TABLE 81 OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2018–2021 (USD MILLION) 135
TABLE 82 OPERATIONAL TECHNOLOGY MARKET FOR WMS, BY DISCRETE INDUSTRY, 2022–2027 (USD MILLION) 136
6.3.7 FUNCTIONAL SAFETY 136
6.3.7.1 Growing adoption of functional safety systems in different industries to boost market growth 136
TABLE 83 OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2018–2021 (USD MILLION) 137
TABLE 84 OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY REGION, 2022–2027 (USD MILLION) 137
TABLE 85 OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY PROCESS INDUSTRY, 2018–2021 (USD MILLION) 137
TABLE 86 OPERATIONAL TECHNOLOGY MARKET FOR FUNCTIONAL SAFETY, BY PROCESS INDUSTRY, 2022–2027 (USD MILLION) 138
6.4 SERVICES 138
6.4.1 PREDICTIVE MAINTENANCE SERVICES 138
6.4.1.1 Increasing adoption of predictive maintenance services to reduce risk and failure of machine 138
6.4.1.2 Professional services 139
6.4.1.3 Managed services 139
6.4.2 OTHERS 139
6.4.2.1 OEM services 139
6.4.2.2 Remote diagnostics and maintenance services 139
7 OPERATIONAL TECHNOLOGY MARKET, BY NETWORKING TECHNOLOGY 141
7.1 INTRODUCTION 141
FIGURE 41 OPERATIONAL TECHNOLOGY MARKET, BY NETWORKING TECHNOLOGY 141
7.2 WIRED NETWORKING TECHNOLOGY 142
7.2.1 PROFIBUS 142
7.2.1.1 PROFIBUS links automation systems and controllers with decentralized field devices 142
7.2.2 MODBUS 142
7.2.2.1 Modbus can run over almost all communication media such as wired media, wireless media, optical networks, and others 142
7.2.3 PROFINET 143
7.2.3.1 PROFINET supplements existing PROFIBUS technologies by providing faster data communication 143
7.2.4 ETHERNET/IP 143
7.2.4.1 Ethernet/IP is among leading industrial protocols and is widely used in hybrid and process industries 143
7.2.5 OTHERS 143
7.3 WIRELESS NETWORKING TECHNOLOGY 144
7.3.1 WLAN 144
7.3.1.1 WLAN provides wide area coverage and faster communication 144
7.3.2 ISA100.11A 144
7.3.2.1 ISA 100 operates in 2.4 MHz frequency range and can support up to 15 channels 144
7.3.3 CELLULAR 145
7.3.3.1 Cellular networks can be ideal for IIoT applications that require operations over long distances 145
7.3.4 ZIGBEE 145
7.3.4.1 ZIGBEE offers easy network expansion, low power consumption, good coverage area, and reliable network structure 145
7.3.5 WHART 145
7.3.5.1 WHART is open industry standard specifically designed for particular requirements of wireless networking technology 145
7.3.6 OTHERS 146
8 OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY 147
8.1 INTRODUCTION 148
FIGURE 42 GLOBAL OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY 148
TABLE 87 OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY,
2018–2021 (USD MILLION) 148
TABLE 88 OPERATIONAL TECHNOLOGY MARKET, BY INDUSTRY,
2022–2027 (USD MILLION) 149
8.2 PROCESS INDUSTRY 149
FIGURE 43 MARKET FOR ENERGY & POWER INDUSTRY TO GROW AT HIGHEST CAGR BETWEEN 2022 AND 2027 150
TABLE 89 OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY,
2018–2021 (USD MILLION) 150
TABLE 90 OPERATIONAL TECHNOLOGY MARKET, BY PROCESS INDUSTRY,
2022–2027 (USD MILLION) 151
8.2.1 OIL & GAS 151
8.2.1.1 Opportunity to increase process efficiency and gain competitive edge is driving operational technology market in oil & gas industry 151
8.2.2 CHEMICALS 152
8.2.2.1 Control systems provide operational solutions to chemicals industry 152
8.2.3 PHARMACEUTICALS 153
8.2.3.1 Automated machine solutions are required for smooth functioning of pharmaceuticals industry 153
8.2.4 METALS & MINING 154
8.2.4.1 Growing adoption of MES to integrate workflow of mining operations to fuel market growth 154
8.2.5 FOOD & BEVERAGES 154
8.2.5.1 Operational technologies used in food & beverages industry offer flexibility, safety solutions, and software tools to control operations of machines 154
8.2.6 ENERGY & POWER 155
8.2.6.1 Fastest growing process industry for operational technology market 155
8.2.7 PULP & PAPER 156
8.2.7.1 Growing digitalization in paper industry to increase implementation of operational process 156
8.2.8 OTHERS 156
8.3 DISCRETE INDUSTRY 157
FIGURE 44 MACHINE MANUFACTURING TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 157
TABLE 91 OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY,
2018–2021 (USD MILLION) 158
TABLE 92 OPERATIONAL TECHNOLOGY MARKET, BY DISCRETE INDUSTRY,
2022–2027 (USD MILLION) 158
8.3.1 AUTOMOTIVE 159
8.3.1.1 Adoption of PLM systems and technological innovations in automotive industry drive operational technology market growth 159
 
8.3.2 AEROSPACE & DEFENSE 159
8.3.2.1 Demand for MES system solutions in aerospace & defense industry to drive operational technology market 159
8.3.3 SEMICONDUCTOR & ELECTRONICS 160
8.3.3.1 Technological advancements and adoption of control systems in semiconductor & electronics industry to drive demand for operational technologies 160
8.3.4 MEDICAL DEVICES 161
8.3.4.1 Increasing demand for control systems for higher efficiency in medical devices industry 161
8.3.5 MACHINE MANUFACTURING 161
8.3.5.1 Surging demand for predictive maintenance to propel operational technology market growth for machine manufacturing 161
8.3.6 OTHERS 162
9 GEOGRAPHIC ANALYSIS 163
9.1 INTRODUCTION 164
FIGURE 45 GEOGRAPHIC SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET 164
FIGURE 46 APAC TO HOLD LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET DURING FORECAST PERIOD 165
TABLE 93 OPERATIONAL TECHNOLOGY MARKET, BY REGION,
2018–2021 (USD MILLION) 165
TABLE 94 OPERATIONAL TECHNOLOGY MARKET, BY REGION,
2022–2027 (USD MILLION) 165
9.2 NORTH AMERICA 166
9.2.1 IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY
MARKET IN NORTH AMERICA 167
FIGURE 47 SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA 167
FIGURE 48 US TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA IN 2027 168
TABLE 95 OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 168
TABLE 96 OPERATIONAL TECHNOLOGY MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 168
9.2.2 US 169
9.2.2.1 Increasing adoption of control system solutions by leading industrial players and startups to drive market growth 169
9.2.3 CANADA 170
9.2.3.1 Growth of process and discrete industries to contribute to operational technology market growth in Canada 170
9.2.4 MEXICO 170
9.2.4.1 Rapidly developing aerospace industry to create lucrative growth opportunities for market in Mexico 170
9.3 EUROPE 171
9.3.1 IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN EUROPE 172
FIGURE 49 SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN EUROPE 172
FIGURE 50 GERMANY TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN EUROPE IN 2027 173
TABLE 97 OPERATIONAL TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 173
TABLE 98 OPERATIONAL TECHNOLOGY MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 173
9.3.2 UK 174
9.3.2.1 Need to improve safety and quality of operations to boost demand for control systems in UK 174
9.3.3 GERMANY 175
9.3.3.1 Chemicals and pharmaceuticals industries will drive operational technology market growth in Germany 175
9.3.4 FRANCE 175
9.3.4.1 Medical devices industry to favor growth of operational technology market in France 175
9.3.5 REST OF EUROPE 176
9.4 APAC 177
9.4.1 IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN APAC 177
FIGURE 51 SNAPSHOT: OPERATIONAL TECHNOLOGY MARKET IN ASIA PACIFIC 178
FIGURE 52 CHINA TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN APAC IN 2027 179
TABLE 99 OPERATIONAL TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 179
TABLE 100 OPERATIONAL TECHNOLOGY MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 179
9.4.2 CHINA 180
9.4.2.1 Increasing government initiatives for development of automotive industry to drive operational technology market in China 180
9.4.3 JAPAN 181
9.4.3.1 Semiconductor & electronics industries would create growth opportunities for operational technology market in Japan 181
9.4.4 INDIA 181
9.4.4.1 Make in India initiative to support growth of operational technology market 181
9.4.5 REST OF APAC 182
9.5 ROW 183
9.5.1 IMPACT OF COVID-19 ON OPERATIONAL TECHNOLOGY MARKET IN ROW 183
FIGURE 53 MIDDLE EAST TO ACCOUNT FOR LARGEST SHARE OF OPERATIONAL TECHNOLOGY MARKET IN ROW IN 2027 183
TABLE 101 OPERATIONAL TECHNOLOGY MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 184
TABLE 102 OPERATIONAL TECHNOLOGY MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 184
9.5.2 SOUTH AMERICA 184
9.5.2.1 Rising adoption of IoT technologies in different industries to drive growth of operation technology market 184
9.5.3 MIDDLE EAST & AFRICA 185
9.5.3.1 Rising adoption of advanced operational technologies in oil & gas and mining industries to propel market growth 185
10 COMPETITIVE LANDSCAPE 186
10.1 INTRODUCTION 186
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 186
TABLE 103 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN OPERATIONAL TECHNOLOGY MARKET 186
10.3 REVENUE ANALYSIS OF TOP 5 COMPANIES 187
FIGURE 54 TOP 5 PLAYERS IN OPERATIONAL TECHNOLOGY MARKET, 2016–2020 188
10.4 MARKET SHARE ANALYSIS OF TOP PLAYERS, 2020-2021 190
TABLE 104 GLOBAL SCADA MARKET: MARKET SHARE ANALYSIS 190
10.5 COMPETITIVE EVALUATION QUADRANT, 2020 191
10.5.1 STAR 191
10.5.2 EMERGING LEADER 191
10.5.3 PERVASIVE 191
10.5.4 PARTICIPANT 191
FIGURE 55 SCADA MARKET (GLOBAL): COMPANY EVALUATION QUADRANT, 2021 192
10.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION QUADRANT, 2020 193
10.6.1 PROGRESSIVE COMPANY 193
10.6.2 RESPONSIVE COMPANY 193
10.6.3 DYNAMIC COMPANY 193
10.6.4 STARTING BLOCK 193
FIGURE 56 SCADA MARKET (GLOBAL): SME EVALUATION QUADRANT, 2021 194
10.6.5 OPERATIONAL TECHNOLOGY MARKET: COMPANY FOOTPRINT 195
TABLE 105 COMPANY COMPONENT FOOTPRINT 195
TABLE 106 COMPANY INDUSTRY FOOTPRINT 196
TABLE 107 COMPANY REGION FOOTPRINT 197
TABLE 108 COMPANY FOOTPRINT 198
10.6.6 OPERATIONAL TECHNOLOGY MARKET: STARTUP MATRIX 199
TABLE 109 OPERATIONAL TECHNOLOGY MARKET: DETAILED LIST OF KEY STARTUP/SMES 199
TABLE 110 OPERATIONAL TECHNOLOGY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUP/SMES 200
10.7 COMPETITIVE SITUATIONS AND TRENDS 201
10.7.1 PRODUCT LAUNCHES 202
TABLE 111 OPERATIONAL TECHNOLOGY MARKET: PRODUCT LAUNCHES 202
10.7.2 DEALS 207
10.7.2.1 Operational technology market: Deals 207
 
11 COMPANY PROFILES 212
11.1 KEY PLAYERS 212
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1.1 ABB 212
TABLE 112 ABB: BUSINESS OVERVIEW 212
FIGURE 57 ABB: COMPANY SNAPSHOT 213
TABLE 113 ABB: PRODUCT OFFERINGS 214
11.1.2 SIEMENS 217
TABLE 114 SIEMENS: BUSINESS OVERVIEW 217
FIGURE 58 SIEMENS: COMPANY SNAPSHOT 218
TABLE 115 SIEMENS: PRODUCT OFFERINGS 219
11.1.3 HONEYWELL INTERNATIONAL INC 223
TABLE 116 HONEYWELL INTERNATIONAL INC.: BUSINESS OVERVIEW 223
FIGURE 59 HONEYWELL: COMPANY SNAPSHOT 224
TABLE 117 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS 225
11.1.4 GENERAL ELECTRIC 227
TABLE 118 GENERAL ELECTRIC: BUSINESS OVERVIEW 227
FIGURE 60 GENERAL ELECTRIC: COMPANY SNAPSHOT 228
TABLE 119 GENERAL ELECTRIC: PRODUCT OFFERINGS 229
11.1.5 SCHNEIDER ELECTRIC 232
TABLE 120 SCHNEIDER ELECTRIC: BUSINESS OVERVIEW 232
FIGURE 61 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 233
TABLE 121 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS 234
11.1.6 ROCKWELL AUTOMATION INC 236
TABLE 122 ROCKWELL AUTOMATION INC: BUSINESS OVERVIEW 236
FIGURE 62 ROCKWELL AUTOMATION INC.: COMPANY SNAPSHOT 237
TABLE 123 ROCKWELL AUTOMATION INC: PRODUCT OFFERINGS 238
11.1.7 EMERSON ELECTRIC CO. 240
TABLE 124 EMERSON ELECTRIC CO.: BUSINESS OVERVIEW 240
FIGURE 63 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT 241
TABLE 125 EMERSON ELECTRIC CO.: PRODUCT OFFERINGS 242
TABLE 126 EMERSON ELECTRIC CO.: PRODUCT LAUNCHES AND DEVELOPMENTS 244
11.1.8 ORACLE 246
TABLE 127 ORACLE: BUSINESS OVERVIEW 246
FIGURE 64 ORACLE: COMPANY SNAPSHOT 247
TABLE 128 ORACLE: PRODUCT OFFERINGS 248
11.1.9 IBM 250
TABLE 129 IBM: BUSINESS OVERVIEW 250
FIGURE 65 IBM: COMPANY SNAPSHOT 251
TABLE 130 IBM: PRODUCT OFFERINGS 251
11.1.10 YOKOGAWA ELECTRIC CORPORATION 254
TABLE 131 YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW 254
FIGURE 66 YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT 255
TABLE 132 YOKOGAWA ELECTRIC CORPORATION: PRODUCT OFFERINGS 256
TABLE 133 YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES AND DEVELOPMENTS 258
11.1.11 FUJI ELECTRIC CO., LTD. 260
TABLE 134 FUJI ELECTRIC CO., LTD.: BUSINESS OVERVIEW 260
FIGURE 67 FUJI ELECTRIC CO., LTD.: COMPANY SNAPSHOT 261
TABLE 135 FUJI ELECTRIC CO., LTD.: PRODUCT OFFERINGS 262
11.1.12 MITSUBISHI ELECTRIC CORPORATION 264
TABLE 136 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW 264
FIGURE 68 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT 265
TABLE 137 MITSUBISHI ELECTRIC CORPORATION: PRODUCT OFFERINGS 266
11.1.13 OMRON CORPORATION 268
TABLE 138 OMRON CORPORATION: BUSINESS OVERVIEW 268
FIGURE 69 OMRON CORPORATION: COMPANY SNAPSHOT 269
TABLE 139 OMRON CORPORATION: PRODUCT OFFERINGS 270
11.1.14 HITACHI, LTD. 272
TABLE 140 HITACHI, LTD.: BUSINESS OVERVIEW 272
FIGURE 70 HITACHI, LTD.: COMPANY SNAPSHOT 273
TABLE 141 HITACHI, LTD.: PRODUCT OFFERINGS 274
11.1.15 HOLLYSYS 276
TABLE 142 HOLLYSYS: BUSINESS OVERVIEW 276
FIGURE 71 HOLLYSYS: COMPANY SNAPSHOT 277
TABLE 143 HOLLYSYS: PRODUCT OFFERINGS 278
11.2 OTHER KEY PLAYERS 279
11.2.1 KROHNE MESSTECHNIK GMBH 279
11.2.2 GRAYMATTER 279
11.2.3 WUNDERLICH-MALEC ENGINEERING, INC. 280
11.2.4 SCADAFENCE LTD. 280
11.2.5 SAP SE 281
11.2.6 TESCO CONTROLS, INC. 282
11.2.7 ADVANTECH CO., LTD. 283
11.2.8 NEC CORPORATION 284
11.2.9 AZBIL CORPORATION 284
11.2.10 ENDRESS+HAUSER GROUP SERVICES AG 285
*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.