Smart Elevators (Lifts) Market 2021-2027

New Study Reports " Smart elevators (lifts) Market 2021, Analysis, Growth, Size, Trends Forecasts 2027" has been Added on MarketResearchFuture.

Report Overview

Starting with the overview of the Smart Elevators (Lifts) Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027. 

The Smart Elevators (Lifts) Market is expected to reach approximately USD 30 billion by 2023 growing at a 15% CAGR over the forecast period 2017-2023.

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.

Rapid increase in urbanization has created a positive impact on the development of smart projects such as smart cities in the emerging economies. As a greater number of people living in the cities has encouraged the builders and contractors to build taller buildings in the urban areas which eventually increases the demand for the elevators.

Populated cities have tall buildings, generally used for offices as well as residential purposes, which can cause inconvenience for the public to wait for a longer time in lifts which increases the waiting time and operating costs of elevators. Rising need for energy efficient solutions such as smart elevators is required to allow better convenience for the people.

Key Players

The report has profiled some of the Important players prevalent in the global like – 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) and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Smart Elevator.

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The Smart Elevators (Lifts) Market is segmented type, component, services, speed and application.

By type, the Smart Elevators (Lifts) 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.

Regional Analysis

Geographically, the Smart Elevators (Lifts) 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 Elevators (Lifts) 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 Elevators (Lifts) Market over forecast period owing to highly advanced commercial infrastructure which requires made them early adopters of technology.

Key Stakeholders 
Smart Elevators (Lifts) Market Manufacturers 
Smart Elevators (Lifts) Market Distributors/Traders/Wholesalers 
Smart Elevators (Lifts) Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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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 Elevators (Lifts) Market

….

13. Company Profiles

13.1 ThyssenKrupp AG (Germany)

13.1.1 Company Overview

13 1.2 Product/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 Otis Elevator Company (U.S.)

13.2.1 Company Overview

13.2.2 Product/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 Schindler Group (Switzerland)

13.3.1 Company Overview

13.3.2 Product/Business Segment Overview

13.3 3 Financial Updates

13.3.4 Key Developments

13.4 KONE Corporation (Finland)

13.4.1 Company Overview

13.4.2 Product/Business Segment Overview

13.4 3 Financial Updates

13.4.4 Key Developments

And more

Continued...

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