Global Smart Elevator Market 2017-2021

  • ID: 4435054
  • Report
  • Region: Global
  • 76 pages
  • TechNavio
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FEATURED COMPANIES

  • Fujitec
  • Hitachi
  • Hyundai Elevator Company
  • KONE
  • Otis Elevator
  • Schindler Group
  • MORE
About Smart Elevator

An elevator, which is also known as a lift in many countries, is a vertical transportation equipment that moves people or goods between the various floors of a building, shipping vessel, or any other multi-story structure. Smart elevators obtain the destination floor from the user and direct them to the elevator that will make them reach their floor with the minimum number of stops. This reduces the number of stops, makes rides more comfortable, and reduces energy consumption significantly.

The analysts forecast the global smart elevator market to grow at a CAGR of 14.56% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global smart elevator market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Smart Elevator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Fujitec
  • KONE
  • Otis Elevator
  • Schindler Group
  • thyssenKrupp
Other prominent vendors
  • Hitachi
  • Hyundai Elevator Company
  • Mitsubishi Electric Corporation
  • Motion Control Engineering
  • Toshiba Elevators and Building Systems Corporation
Market drivers
  • Focus on reducing the impact of energy costs on business
  • For a full, detailed list, view the full report
Market challenges
  • Capital-intensive nature of the market
  • For a full, detailed list, view the full report
Market trends
  • Increasing need for energy efficiency
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Fujitec
  • Hitachi
  • Hyundai Elevator Company
  • KONE
  • Otis Elevator
  • Schindler Group
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: MARKET SEGMENTATION BY SERVICES
  • Market segmentation by services
  • Market shares
  • Modernization
  • New deployment
  • Maintenance
PART 07: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas - market size & forecast
  • EMEA - market size & forecast
  • APAC - market size & forecast
  • Key leading countries
  • Market opportunity
PART 08: DECISION FRAMEWORK

PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Increasing need for energy efficiency
  • Elevator maintenance using IoT platform
PART 11: VENDOR LANDSCAPE
  • Competitive scenario
  • Other prominent vendors
PART 12: KEY VENDOR ANALYSIS
  • Fujitec
  • KONE
  • Otis Elevator
  • Schindler Group
  • thyssenKrupp
PART 13: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Types of elevators
Exhibit 02: Current market scenario and future projections of each service
Exhibit 03: Current market scenario and future projections of each region
Exhibit 04: Global smart elevator market
Exhibit 05: Global smart elevator market 2016-2021 ($ billions)
Exhibit 06: Five forces analysis
Exhibit 07: Market share 2016 (%)
Exhibit 08: Market share 2021 (%)
Exhibit 09: Market share change (%)
Exhibit 10: Global smart elevator market by modernization 2016-2021 ($ billions)
Exhibit 11: Global smart elevator market by new deployment 2016-2021 ($ billions)
Exhibit 12: Major skyscraper projects in progress across the globe
Exhibit 13: Global smart elevator market by maintenance 2016-2021 ($ billions)
Exhibit 14: Regional landscape - market size & forecast
Exhibit 15: Regional comparison
Exhibit 16: Americas - market size & forecast ($ billions)
Exhibit 17: Skyscrapers under construction in Canada
Exhibit 18: Americas - Year-over-year growth (%)
Exhibit 19: EMEA - market size & forecast ($ billions)
Exhibit 20: EMEA - Year-over-year growth (%)
Exhibit 21: APAC - market size & forecast ($ billions)
Exhibit 22: APAC - Year-over-year growth (%)
Exhibit 23: Key leading countries
Exhibit 24: Global smart home market 2016-2021 ($ billions)
Exhibit 25: Smart home penetration regional share 2016-2021 (%)
Exhibit 26: Cumulative energy efficiency investments by region 2014-2035 (%)
Exhibit 27: Predictive vs. prescriptive maintenance
Exhibit 28: Fujitec: Smart elevator product portfolio
Exhibit 29: KONE: Smart elevator product portfolio
Exhibit 30: Otis Elevator: Smart elevator product portfolio
Exhibit 31: Schindler Group: Smart elevator product portfolio
Exhibit 32: thyssenKrupp: Smart elevator product portfolio
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FEATURED COMPANIES

  • Fujitec
  • Hitachi
  • Hyundai Elevator Company
  • KONE
  • Otis Elevator
  • Schindler Group
  • MORE
New Report Released: - Global Smart Elevator Market 2017-2021

The author of the report recognizes the following companies as the key players in the global smart elevator market: Fujitec, KONE, Otis Elevator, Schindler Group, and thyssenKrupp.

Other Prominent Vendors in the market are: Hitachi, Hyundai Elevator Company, Mitsubishi Electric Corporation, Motion Control Engineering, and Toshiba Elevators and Building Systems Corporation.

Commenting on the report, an analyst from the research team said: “One trend in the market is increasing need for energy efficiency. Global economic growth has led to a rise in energy demand, and global demand for energy is likely to increase by 75% by 2030. Energy shortages are a challenge for organizations, which, therefore, are striving to solve the energy shortage crisis. Energy efficiency is the most effective way of reducing energy consumption, as it is much more economical than buying additional power from reserve plants.”

According to the report, one driver in the market is focus on reducing the impact of energy costs on business. There is a continuous surge in electricity generation worldwide due to the growth in population and urbanization, due to which, utilities are running their plants at full capacity to generate more power from the existing infrastructure. Power companies are working on making power generation more efficient by adding new technological innovations like substation automation and demand response systems for power supply and energy management systems to conserve energy in conventional power plants. The addition of these technologies is enabling them to have a greater visibility of the functioning of the grid, thus enabling them to uncover the areas of inefficiencies and correct them for more efficient power production.

Further, the report states that one challenge in the market is capital-intensive nature of the market. The installation of smart elevators is highly expensive as they have many components like automated access control systems and security systems, which are integrated with the smart elevators and increase the total cost of smart elevators when compared with conventional elevators. Moreover, smart elevator manufacturers spend huge sums of money in acquiring the necessary certifications. For instance, for the licensing of elevators, the contractor has to pay registration charges, insurance charges, and inspection fees. In addition, for retrofitting an older technology with a new one, contractors must pay appeal fees for new technology. Therefore, retrofitting also becomes more expensive. This results in the high cost of smart elevators.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Fujitec
  • KONE
  • Otis Elevator
  • Schindler Group
  • thyssenKrupp
  • Hitachi
  • Hyundai Elevator Company
  • Mitsubishi Electric Corporation
  • Motion Control Engineering
  • Toshiba Elevators and Building Systems Corporation
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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