Market Overview:
The global electromagnetic locks market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for security and safety solutions across various applications, such as residential, commercial, and industrial sectors. Additionally, the growing awareness about safety and security among consumers is also propelling the growth of this market. Based on type, the global electromagnetic locks market can be segmented into outdoor electromagnetic locks, indoor electromagnetic locks, and ground electromagnets lock. Among these segments, indoor electromagnets lock held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to their increasing adoption in various end-use applications owing to their features such as easy installation process and low maintenance cost. Based on application, the global electromagnetic locks market can be segmented into residential sector; commercial sector; industrial sector; government & defense sector; education sector; healthcare sector; banking & financial services (BFSI)sector ;and others (transportation & logistics etc.).
Product Definition:
An electromagnetic lock, or EM lock, is a type of locking device that uses an electromagnet to hold a door closed.
Outdoor Electromagnetic Lock:
Outdoor electromagnetic lock, also referred to as an electromagnetic latch or electromechanical lock, is a type of locking mechanism that uses the principle of magneticism. It is widely used in applications such as parking meters and automatic sliding doors among others. The working principle behind these devices involves a sensor that generates an electrical signal when proximity to the door jamb is detected; this signal energizes a solenoid which operates the locking mechanism.
Indoor Electromagnetic Lock:
The indoor electromagnetic lock is a safety device used to secure an area by creating an electromagnetic field around the protected area. The magnetic fields generated by the coil in this device interact with each other and cannot be entered without providing the correct password. This type of lock can be used for commercial as well as residential purposes and are available in various types such as card-based, key-based or proximity sensors based.
Application Insights:
The global demand for the product is expected to be driven by a rise in the adoption of safety and security systems at residential, commercial and industrial sites. The growing need for protection against intruders, theft, fire hazards and cyber-attacks is projected to drive the demand over the forecast period.
Electromagnetic locks are used in doors that lead into electrical or mechanical rooms where expensive equipment is located. These rooms usually have single access point from outside which makes it easy for intruders to enter without being detected. The electromagnetic lock ensures only authorized users can enter these areas thus preventing unauthorised accesses or thefts which has led to increased market penetration across various applications globally.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position over the forecast period. This can be attributed to increasing demand for technologically advanced products coupled with stringent government regulations regarding security systems in commercial and residential buildings. Europe accounted for a significant share of revenue generated by the global market in 2017 owing to high demand from various application segments, such as retail, healthcare, and transportation sectors.
Growth Factors:
- Increasing demand for electromagnetic locks from the commercial sector
- Growing popularity of electromagnetic locks among homeowners
- Rising demand for electromagnetic locks in the transportation sector
- Proliferation of smart homes and buildings, which are increasingly using electromagnetic locks as a security measure
- Technological advancements in the field of electromagnetism that are resulting in more efficient and reliable magnetic locking systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Electromagnetic Locks Market Research Report
By Type
Outdoor Electromagnetic Lock, Indoor Electromagnetic Lock, Ground Electromagnetic Lock
By Application
Residential, Commercial, Industrial
By Companies
Securitron, Assa Abloy, BSI, Dynaloc, Nordson, Security Door Controls, Faradays, Styrax Instruments, FSH Fire & Security Hardware, Oubao Security Technology, Securitron, Guangdong Be-Tech Security Systems, Dorma, YLI Electronic, Ebelco, Vsionis, Donggang Shen High Electric Appliance, Hengchieh
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Electromagnetic Locks Market Report Segments:
The global Electromagnetic Locks market is segmented on the basis of:
Types
Outdoor Electromagnetic Lock, Indoor Electromagnetic Lock, Ground Electromagnetic Lock
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Securitron
- Assa Abloy
- BSI
- Dynaloc
- Nordson
- Security Door Controls
- Faradays
- Styrax Instruments
- FSH Fire & Security Hardware
- Oubao Security Technology
- Securitron
- Guangdong Be-Tech Security Systems
- Dorma
- YLI Electronic
- Ebelco
- Vsionis
- Donggang Shen High Electric Appliance
- Hengchieh
Highlights of The Electromagnetic Locks Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Outdoor Electromagnetic Lock
- Indoor Electromagnetic Lock
- Ground Electromagnetic Lock
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electromagnetic Locks Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Electromagnetic locks are a type of security system that uses an electromagnetic field to secure objects. The field is created by a device called a lock, which is placed between the object being locked and the person trying to open it. When someone tries to open the lock, they will experience interference from the field, which will prevent them from opening it.
Some of the key players operating in the electromagnetic locks market are Securitron, Assa Abloy, BSI, Dynaloc, Nordson, Security Door Controls, Faradays, Styrax Instruments, FSH Fire & Security Hardware, Oubao Security Technology, Securitron, Guangdong Be-Tech Security Systems, Dorma, YLI Electronic, Ebelco, Vsionis, Donggang Shen High Electric Appliance, Hengchieh.
The electromagnetic locks market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electromagnetic Locks Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electromagnetic Locks Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electromagnetic Locks Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electromagnetic Locks Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electromagnetic Locks Market Size & Forecast, 2020-2028
4.5.1 Electromagnetic Locks Market Size and Y-o-Y Growth
4.5.2 Electromagnetic Locks Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Outdoor Electromagnetic Lock
5.2.2 Indoor Electromagnetic Lock
5.2.3 Ground Electromagnetic Lock
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electromagnetic Locks Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electromagnetic Locks Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Outdoor Electromagnetic Lock
9.6.2 Indoor Electromagnetic Lock
9.6.3 Ground Electromagnetic Lock
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Outdoor Electromagnetic Lock
10.6.2 Indoor Electromagnetic Lock
10.6.3 Ground Electromagnetic Lock
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Outdoor Electromagnetic Lock
11.6.2 Indoor Electromagnetic Lock
11.6.3 Ground Electromagnetic Lock
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Outdoor Electromagnetic Lock
12.6.2 Indoor Electromagnetic Lock
12.6.3 Ground Electromagnetic Lock
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Outdoor Electromagnetic Lock
13.6.2 Indoor Electromagnetic Lock
13.6.3 Ground Electromagnetic Lock
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electromagnetic Locks Market: Competitive Dashboard
14.2 Global Electromagnetic Locks Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Securitron
14.3.2 Assa Abloy
14.3.3 BSI
14.3.4 Dynaloc
14.3.5 Nordson
14.3.6 Security Door Controls
14.3.7 Faradays
14.3.8 Styrax Instruments
14.3.9 FSH Fire & Security Hardware
14.3.10 Oubao Security Technology
14.3.11 Securitron
14.3.12 Guangdong Be-Tech Security Systems
14.3.13 Dorma
14.3.14 YLI Electronic
14.3.15 Ebelco
14.3.16 Vsionis
14.3.17 Donggang Shen High Electric Appliance
14.3.18 Hengchieh
