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.
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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.
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).
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.
Geographically, the smart elevator is segmented into four different regions namely North America, Asia Pacific, Europe, and the Rest of the World.
North America and Europe are presumed to have steady growth in the smart elevator market. This is due to the region is already equipped with the advanced infrastructure and surging need for energy efficient solution for replacing the prevailing elevators with the sophisticated technology. Asia Pacific is also anticipated to be the fastest growing region in the smart elevator market over the forecast period. India, Japan, and China are the leading countries in the smart elevator market. This is attributed to rapid increase transforming the infrastructure with smart solutions. Additionally, India is considered to be the fastest growing economy due to a review of regulation policies of foreign direct investment in real estate and commercial sector.
- 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
LIST OF TABLES
Table1 World Population By Major Regions (2017 To 2023)
Table2 Global Smart Elevator Market: By Region, 2017-2023
Table3 North America Smart Elevator Market: By Country, 2017-2023
Table4 Europe Smart Elevator Market: By Country, 2017-2023
LIST OF FIGURES
FIGURE 1 Global Smart Elevator Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Smart Elevator Market
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