Smart Elevator Market Development Strategy and Future Prospects 2023

Market Highlights

The conventional elevator system requires frequent repairs and maintenance, which eventually increases the operational cost and causes inconvenience by increasing the waiting time. In such cases, smart elevators are developed with advanced solutions and equipped with security controls such as access control systems, destination dispatching, biometric and touchscreen.  In the light of these factors, the smart elevators solutions are presumed to gaining popularity over the forecast period.

The Smart Elevator market is segmented type, component, services, speed and application.

By type, the smart elevator market is sub-segmented into passenger elevator, freight elevator and fireproof elevators. The component segment comprised maintenance, control system and communication system. The control sub-segment is further segregated into access, elevator, sensors and security. On the basis speed of elevators, the market is categorized as low-speed, fast-speed, high-speed and super-speed.

The application based smart elevator is categorized as industrial, commercial, institutional and infrastructure, residential, and others.

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Segmentation

The smart elevator market is differentiated by type, component, services, speed and application.

By type, the smart elevator market is sub-segmented into passenger elevator, freight elevator and fireproof elevators. The component segment consists of maintenance, control system and communication system. The control sub-segment is further divided into access, elevator, sensors and security. Depending on the speed, smart elevator market is categorized as low-speed, fast-speed, high-speed and super-speed.

The application based smart elevator is segmented as industrial, commercial, institutional and infrastructure, residential, and others.

Key Players:

Some of the key players of Smart Elevator Market include ThyssenKrupp AG (Germany), Otis Elevator Company (U.S.), Schindler Group (Switzerland), KONE Corporation (Finland), Johnson Controls Inc. (U.S.), Motion Control Engineering (U.S.), Mitsubishi Electric (Japan), Hyundai Elevator (South Korea), Hitachi (Japan), Fujitec (Japan) and Hyundai Elevator Co. Ltd (Iran).

Regional Analysis

Geographically, the smart elevator market is categorized into four different regions such as North America, Asia Pacific, Europe and the Rest of the World.

Asia Pacific region is expected to be the fastest growing region in smart elevator market which is attributed to increased investment by their economies to modernize their infrastructure and develop as smart cities are expected to gain the popularity over the forecast period. India, particularly, is anticipated to be a fastest growing economy, regarding GDP, which is presumed to be the brightest spot for investment associated with regulation policies such as FDI in commercial sectors.

North America and Europe expected to have a gradual growth the smart elevator market over forecast period owing to highly advanced commercial infrastructure which requires made them early adopters of technology.

Target Audience

  • Research Firms.
  • Government Agencies
  • Smart Elevator Service Providers
  • Associations, organizations, forums and alliances related to Smart Elevator
  • Government bodies such as regulating authorities and policy makers
  • Building owners
  • Private construction/elevator consultants
  • Government bodies involved in infrastructure modernization
  • Software vendors
  • Elevator associations

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Business Function

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Smart Elevator Market

5 Industry Overview Of Global Smart Elevator Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

  1. Global Smart Elevator Market By Type

7.1 Introduction

7.2 Passenger Elevator

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast By Region, 2017-2023

7.3 Freight Elevator

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast By Region, 2017-2023

7.4 Fireproof Elevators

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast By Region, 2017-2023

Continued…

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