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Global Smart Elevator Market with COVID-19 Impact Analysis by Component (Control System, Maintenance System, Communication System), Application (Residential, Commercial, Institutional), Services, and Region - Forecast to 2026

  • ID: 5310696
  • Report
  • March 2021
  • Region: Global
  • Markets and Markets
Global Smart Elevator Market is Valued at USD 9.7 Billion in 2021 and is Projected to Reach USD 12.6 Billion by 2026, Growing at a CAGR of 5.4%

FEATURED COMPANIES

  • Brivo
  • Hitachi Ltd.
  • Kintronics, Inc.
  • Liftinsight
  • Pepperl+Fuchs
  • Robustel

The global smart elevator market size was valued at USD 9.7 billion in 2021 and is projected to reach USD 12.6 billion by 2026; it is expected to grow at a CAGR of 5.4% from 2021 to 2026. The growth of the smart elevator market is majorly driven growing need for reducing energy consumption in buildings, increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization, smart cities development among others.

COVID-19 has emerged as a global pandemic that has spread in several countries worldwide and disrupted various industries around the world. The prominent players across industries have been affected by this pandemic. The foreseeable decline in the growth of applications may have a considerable direct impact on the smart elevator market.

Commercial segment expected to hold the largest market share during the forecast period

The commercial segment held the largest size of the market in 2020 and is likely to exhibit a similar growth pattern during the forecast period on account of the increasing deployment of solutions in the commercial sector. Furthermore, the consolidating trend of developing energy-saving infrastructure in airports, malls, and other commercial facilities will push the growth of the segment. On the other hand, the construction of high-rise buildings to accommodate the increasing urban population will lead the residential segment to register the highest growth rate during the forecast period.

New Installation is expected to contribute largest share of market for smart elevator during the forecast period

New installations are done in ongoing construction activities across the world. Therefore, emerging economies, such as India, China, Indonesia, and Africa, are expected to lead the market for new installation services. Additionally, emerging economies and untapped markets in India and other Asian countries are responsible for the high growth of new installations in the APAC market.

APAC is projected to grow at the highest CAGR during the forecast period

APAC is anticipated to remain dominant throughout the forecast period as emerging countries such as Indonesia, Vietnam, and Bangladesh are steadily improving living standards that will lead to more urbanization and construction of building with smart technologies. Further, the presence of the most populous countries such as India and China make APAC a prominent region for smart elevators as rapid urbanization and infrastructure in this region would pave new growth avenues for companies.

Report Coverage

The smart elevator market has been segmented into offering, component, application, services and region. The smart elevator market has been studied for North America, Europe, Asia-Pacific (APAC), and the Rest of the World (RoW).

Otis Elevator, Schindler Group, KONE Corporation, Thyssenkrupp AG, Hitachi and Mitsubishi Electric, among others, are some of the key players offering smart elevator.

Break-up of the profiles of primary participants:

  • By Company Type - Tier 1 - 40%, Tier 2 - 45%, and Tier 3 - 15%
  • By Designation - C-level Executives - 45%, Directors - 30%, and Others - 25%
  • By Region - North America - 40%, Europe - 30%, APAC - 25%, and RoW - 5%

Reasons to buy the report:

  • Illustrative segmentation, analysis, and forecast of the market based on offering, component, end-user, and region have been conducted to give an overall view of the smart elevator market.
  • A value chain analysis has been performed to provide in-depth insights into the smart elevator market ecosystem.
  • The report includes pricing analysis, patent analysis, ecosystem analysis as well as technology, trade and case study analysis pertaining to smart elevator.
  • The key drivers, restraints, opportunities, and challenges pertaining to the smart elevator market have been detailed in this report.
  • Detailed information regarding the COVID-19 impact and related updates on the smart elevator market has been provided in the report.
  • The report includes a detailed competitive landscape of the market, along with key players, as well as in-depth analysis of their revenues and market share.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Brivo
  • Hitachi Ltd.
  • Kintronics, Inc.
  • Liftinsight
  • Pepperl+Fuchs
  • Robustel

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
1.3 Study Scope
1.3.1 Markets Covered
Figure 1 Smart Elevator Market Segmentation
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Limitations
1.6 Market Volume
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Research Flow
Figure 3 Smart Elevator Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Major Secondary Sources
2.1.2 Primary Data
2.1.2.1 Primary Interviews with Experts
2.1.2.2 Primary Sources
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Primary Interviews
2.1.3 Secondary and Primary Research
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Approach for Capturing Market Share by Bottom-Up Analysis
Figure 4 Market Size Estimation Methodology: Approach 1 - Bottom-Up (Supply Side - Part I)
Figure 5 Market Size Estimation Methodology: Approach 1 - Bottom-Up (Supply Side - Part II)
Figure 6 Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach for Capturing Market Share by Top-Down Analysis
Figure 7 Market Size Estimation Methodology: (Demand Side)
Figure 8 Top-Down Approach
2.3 Data Triangulation
Figure 9 Data Triangulation
2.4 Assumptions
2.5 Risk Assessment
Table 1 Limitations and Associated Risks

3 Executive Summary
Figure 10 COVID-19 Impact on Smart Elevator Market
3.1 Realistic Scenario
3.2 Pessimistic Scenario
3.3 Optimistic Scenario
3.4 Initiatives by Key Elevator Players During Pandemic
3.4.1 Purification Systems
Table 2 Initiatives in Purification Systems
3.4.2 Touchless Solutions
Table 3 Initiatives in Touchless Solutions
3.4.3 Passenger Communications
Table 4 Initiatives in Passenger Communications
3.4.4 Social Distancing
Table 5 Initiatives in Social Distancing
Figure 11 Smart Elevator Market, by Component, 2021-2026 (USD Million)
Figure 12 Market, by Application, 2021-2026 (USD Million)
Figure 13 Market, by Service, 2021-2026 (USD Million)
Figure 14 Market in APAC to Grow at Highest CAGR During Forecast Period

4 Premium Insights
4.1 Attractive Opportunities in Market
Figure 15 Urbanization Coupled with Evolution of Smart Buildings Driving Smart Elevator Market
4.2 Market, by Component
Figure 16 Control System to Grow at Highest CAGR in Forecast Period
4.3 Market, by Application
Figure 17 Commercial Segment to be Dominant Application for Smart Elevators
4.4 Market, by Service
Figure 18 New Installation to Hold Largest Share in Market During the Forecast Period
4.5 Market for APAC, by Service and Country (2021)
Figure 19 China to Account for Largest Share of Market
4.6 Smart Elevator Market, by Region
Figure 20 APAC to Grow at Highest CAGR in Market During Forecast Period

5 Market Overview
5.1 Market Dynamics
Figure 21 Global Smart Elevator Market Dynamics
5.1.1 Drivers
5.1.1.1 Increased Construction of High-Rise Buildings Equipped with Smart Vertical Transportation Systems due to Rapid Urbanization
Figure 22 Urban and Rural Population, 1950-2050
5.1.1.2 Growing Need for Reducing Energy Consumption in Buildings
5.1.1.3 Growing Aging Population Will Facilitate Development of Better Infrastructure Within Buildings
Figure 23 Number of People Aged 65 Years and Above, by Region, 2019 and 2050
5.1.1.4 Smart Cities to Boost Installation of Smart Elevators
5.1.1.5 Modernization of Old Buildings
5.1.2 Drivers Impact on Smart Elevator Market
Figure 24 Market Drivers and Their Impact
5.1.3 Restraints
5.1.3.1 High Cost to Install Smart Elevators
5.1.4 Restraints Impact on Smart Elevator Market
Figure 25 Market Restraints and Their Impact
5.1.5 Opportunities
5.1.5.1 Inclination Toward Green Technologies in Construction Industry
5.1.5.2 Data Analytics for Predictive Maintenance of Elevators
5.1.6 Opportunities Impact on Smart Elevator Market
Figure 26 Market Opportunities and Their Impact
5.1.7 Challenges
5.1.7.1 Economic Slowdown
5.1.7.2 Integration of Smart Elevator Components in Existing Elevators
5.1.8 Challenges Impact on Market
Figure 27 Smart Elevator Market Challenges and Their Impact
5.2 Value Chain Analysis
Figure 28 Market Value Chain
5.2.1 Research and Development
5.2.2 Component Manufacturer
5.2.3 Manufacturer
5.2.4 Software & Service
5.2.5 Integrator
5.2.6 End-use Application
5.3 Ecosystem Analysis for Smart Elevators
Figure 29 Smart Elevator Market Ecosystem and Adjacent Ecosystems
Table 6 Ecosystem Companies
5.4 YC-YCC Shift for Market
5.5 Porters Five Force Analysis
Table 7 Impact of Porters Five Forces on Market
5.6 Smart Elevator Use Cases
5.6.1 Introduction
5.6.2 Case Study 1: Honeywell: Corporate Office Renovations
Table 8 Honeywell Helped Corporate Office Renovation in US
5.6.3 Case Study 2: KONE Corporation: 180 Brisbane Commercial Offices, Australia
Table 9 KONE Corporation Supported Commercial Offices in Australia
5.6.4 Case Study 3: Otis Elevators: Bahrain World Trade Center
Table 10 Otis Supported Bahrain World Trade Center to Install Elevators
5.7 Technology Trends
5.7.1 Adoption of Eco-Friendly Products
5.7.2 Artificial Intelligence
5.7.3 Intuitive Elevator Technology
5.7.4 Internet of Things
5.7.5 Connectivity 5G Technology
5.8 Pricing Analysis
Table 11 Asp of Smart Elevator Product Types, 2020 (USD)
5.9 Trade Analysis
Figure 30 Lifting, Handling, Loading, or Unloading Machinery Import, by Key Countries, 2016-2019 (USD Million)
Figure 31 Lifting, Handling, Loading or Unloading Machinery Export, by Key Countries, 2016-2019 (USD Million)
Table 12 Import of Lifting, Handling, Loading, or Unloading Machinery, by Region, 2016-2019 (USD Million)
Table 13 Export of Lifting, Handling, Loading, or Unloading Machinery, by Region, 2016-2019 (USD Million)
5.10 Patent Analysis
Figure 32 Patent Analysis Related to Smart Elevator Market
5.11 Standards and Regulatory Landscape
5.11.1 Standards for Safety and Accessibility in Europe
5.11.2 Lift/Elevator Standards in Asia-Pacific (India)
5.11.3 Lift/Elevator Standards in America
5.11.4 Bacnet: Communication Protocol

6 Smart Elevator Market, by Component
6.1 Introduction
Figure 33 Smart Elevator Market, by Component
Figure 34 Control System to Lead Market
Table 14 Market, by Component, 2017-2020 (USD Million)
Table 15 Market, by Component, 2021-2026 (USD Million)
6.2 Control Systems
6.2.1 Integration of Destination-Oriented Technology Within Elevators to Minimize Rising Congestion to Boost Demand for Control Systems
Table 16 Market for Control System, by Type, 2017-2020 (USD Million)
Table 17 Smart Elevator Market for Control System, by Type, 2021-2026 (USD Million)
6.2.2 Elevator Control Systems
6.2.3 Security Control Systems
Table 18 Market for Security Control System, by Type, 2017-2020 (USD Million)
Table 19 Smart Elevator Market for Security Control System, by Type, 2021-2026 (USD Million)
6.2.3.1 Surveillance Camera
6.2.3.2 Intruder Camera System
6.2.3.3 Fire Alarm System
6.2.3.4 Visitor Management System
6.2.4 Access Control System
Table 20 Smart Elevator Market for Access Control System, by Type, 2017-2020 (USD Million)
Table 21 Market for Access Control System, by Type, 2017-2020 (USD Million)
Table 22 Market for Access Control System, by Application, 2017-2020 (USD Million)
Table 23 Market for Access Control System, by Application, 2017-2020 (USD Million)
6.2.4.1 Biometrics Access Control Systems
Table 24 Market for Biometrics, by Application, 2017-2020 (USD Million)
Table 25 Market for Biometrics, by Application, 2021-2026 (USD Million)
6.2.4.2 Card-Based Access Control Systems
Table 26 Market for Card-Based Access Control System, by Application, 2017-2020 (USD Million)
Table 27 Smart Elevator Market for Card-Based Access Control System, by Application, 2021-2026 (USD Million)
6.2.4.3 Touch Screen- & Keypad-Based Access Control Systems
Table 28 Market for Touch Screen & Keypad, by Application, 2017-2020 (USD Million)
Table 29 Market for Touch Screen & Keypad, by Application, 2021-2026 (USD Million)
6.2.5 Sensors
Table 30 Market for Sensor, by Type, 2017-2020 (USD Million)
Table 31 Market for Sensor, by Type, 2021-2026 (USD Million)
6.3 Maintenance System
6.3.1 Predictive Maintenance - New Trend in Elevator Market
6.4 Communication System
6.4.1 Communication Systems Integral for Data Transfer

7 Smart Elevator Market, by Application
7.1 Introduction
Figure 35 Smart Elevator Market, by Application
Figure 36 Commercial Segment to Continue to Hold Largest Size of Market During Forecast Period
Table 32 Market, by Application, 2017-2020 (USD Million)
Table 33 Market, by Application, 2021-2026 (USD Million)
7.2 Residential
7.2.1 Growing High-Rise Residential Building Construction is Fueling Demand for Energy-Efficient Elevators
Table 34 Smart Elevator Market for Residential, by Service, 2017-2020 (USD Million)
Table 35 Market for Residential, by Service, 2021-2026 (USD Million)
Table 36 Market for Residential, by Region, 2017-2020 (USD Million)
Table 37 Market for Residential, by Region, 2021-2026 (USD Million)
Table 38 Market for Residential Application in North America, by Country, 2017-2020 (USD Million)
Table 39 Market for Residential Application in North America, by Country, 2021-2026 (USD Million)
Table 40 Smart Elevator Market for Residential Application in Europe, by Country, 2017-2020 (USD Million)
Table 41 Market for Residential Application in Europe, by Country, 2021-2026 (USD Million)
Table 42 Market for Residential Application in Asia-Pacific, by Country, 2017-2020 (USD Million)
Table 43 Market for Residential Application in Asia-Pacific, by Country, 2021-2026 (USD Million)
Table 44 Market for Residential Application in RoW, by Region, 2017-2020 (USD Million)
Table 45 Smart Elevator Market for Residential Application in RoW, by Region, 2021-2026 (USD Million)
7.3 Commercial
7.3.1 Need to Optimize Traffic Flow in Elevators in Commercial Spaces to Raise Demand for Smart Elevators
Table 46 Market for Commercial, by Service, 2017-2020 (USD Million)
Table 47 Market for Commercial, by Service, 2021-2026 (USD Million)
Table 48 Market for Commercial, by End-user, 2017-2020 (USD Million)
Table 49 Smart Elevator Market for Commercial, by End-user, 2021-2026 (USD Million)
Table 50 Market for Commercial, by Region, 2017-2020 (USD Million)
Table 51 Market for Commercial, by Region, 2021-2026 (USD Million)
Table 52 Market for Commercial Application in North America, by Country, 2017-2020 (USD Million)
Table 53 Smart Elevator Market for Commercial Applications in North America, by Country, 2021-2026 (USD Million)
Table 54 Market for Commercial Application in Europe, by Country, 2017-2020 (USD Million)
Table 55 Market for Commercial, by European Country, 2021-2026 (USD Million)
Table 56 Market for Commercial Application in Asia-Pacific, by Country, 2017-2020 (USD Million)
Table 57 Market for Commercial Application in Asia-Pacific by Country, 2021-2026 (USD Million)
Table 58 Smart Elevator Market for Commercial Application in RoW, by Region, 2017-2020 (USD Million)
Table 59 Market for Commercial Application in RoW, by Region, 2021-2026 (USD Million)
7.4 Institutional
7.4.1 Focus on Energy Saving and Passenger Security are Boosting Demand for Smart Elevators for Institutional Applications
Table 60 Market for Institutional, by Service, 2017-2020 (USD Million)
Table 61 Market for Institutional, by Service, 2021-2026 (USD Million)
Table 62 Market for Institutional, by End-user, 2017-2020 (USD Million)
Table 63 Smart Elevator Market for Institutional, by End-user, 2021-2026 (USD Million)
Table 64 Market for Institutional, by Region, 2017-2020 (USD Million)
Table 65 Market for Institutional, by Region, 2021-2026 (USD Million)
Table 66 Market for Institutional Application in North America, by Country, 2017-2020 (USD Million)
Table 67 Market for Institutional Application in North America, by Country, 2021-2026 (USD Million)
Table 68 Smart Elevator Market for Institutional Application in Europe, by Country, 2017-2020 (USD Million)
Table 69 Market for Institutional Application in Europe, by Country, 2021-2026 (USD Million)
Table 70 Market for Institutional Application in Asia-Pacific, by Country, 2017-2020 (USD Million)
Table 71 Market for Institutional Application in Asia-Pacific, by Country, 2021-2026 (USD Million)
Table 72 Market for Institutional Application in RoW, by Region, 2017-2020 (USD Million)
Table 73 Smart Elevator Market for Institutional Application in RoW, by Region, 2021-2026 (USD Million)
7.5 Industrial
7.5.1 Need to Increase Safety Quotient of Industrial Operations to Drive Demand for Smart Elevators
Table 74 Market for Industrial, by Service, 2017-2020 (USD Million)
Table 75 Market for Industrial, by Service, 2021-2026 (USD Million)
Table 76 Market for Industrial, by Region, 2017-2020 (USD Million)
Table 77 Smart Elevator Market for Industrial, by Region, 2021-2026 (USD Million)
Table 78 Market for Industrial Application in North America, by Country, 2017-2020 (USD Million)
Table 79 Market for Industrial Application in North America, by Country, 2021-2026 (USD Million)
Table 80 Market for Industrial Application in Europe, by Country, 2017-2020 (USD Million)
Table 81 Market for Industrial Application in Europe, by Country, 2021-2026 (USD Million)
Table 82 Smart Elevator Market for Industrial Application in Asia-Pacific, by Country, 2017-2020 (USD Million)
Table 83 Market for Industrial Application in Asia-Pacific, by Country, 2021-2026 (USD Million)
Table 84 Market for Industrial Application in RoW, by Region, 2017-2020 (USD Million)
Table 85 Market for Industrial Applications in RoW, by Region, 2021-2026 (USD Million)

8 Smart Elevator Market, by Service
8.1 Introduction
Figure 37 Smart Elevator Market, by Service
Figure 38 New Installation Dominates Market
Table 86 Market, by Service, 2017-2020 (USD Million)
Table 87 Market, by Service, 2021-2026 (USD Million)
8.2 New Installation
8.2.1 New Construction Activities in Emerging Economies to Boost Market Growth
Table 88 Smart Elevator Market for New Installation, by Region, 2017-2020 (USD Million)
Table 89 Market for New Installation, by Region, 2021-2026 (USD Million)
Table 90 Market for New Installation, by Application, 2017-2020 (USD Million)
Table 91 Market for New Installation, by Application, 2021-2026 (USD Million)
8.3 Maintenance
8.3.1 Incorporation of Advanced Technologies in Maintenance Solutions for Remote Monitoring of Elevators
Table 92 Smart Elevator Market for Maintenance, by Region, 2017-2020 (USD Million)
Table 93 Market for Maintenance, by Region, 2021-2026 (USD Million)
Table 94 Market for Maintenance, by Application, 2017-2020 (USD Million)
Table 95 Market for Maintenance, by Application, 2021-2026 (USD Million)
8.4 Renovation
8.4.1 Implementation of Safety Regulations in Elevators to Drive Market
Table 96 Smart Elevator Market for Renovation, by Region, 2017-2020 (USD Million)
Table 97 Market for Renovation, by Region, 2021-2026 (USD Million)
Table 98 Market for Renovation, by Application, 2017-2020 (USD Million)
Table 99 Market for Renovation, by Application, 2021-2026 (USD Million)

9 Geographic Analysis
9.1 Introduction
Figure 39 Smart Elevator Market, by Region
Figure 40 APAC to Lead Market
Table 100 Market, by Region, 2017-2020 (USD Million)
Table 101 Market, by Region, 2021-2026 (USD Million)
9.2 North America
Figure 41 North America: Snapshot of Market
Table 102 Market in North America, by Country, 2017-2020 (USD Million)
Table 103 Market in North America, by Country, 2021-2026 (USD Million)
Table 104 Market in North America, by Service, 2017-2020 (USD Million)
Table 105 Smart Elevator Market in North America, by Service, 2021-2026 (USD Million)
Table 106 Market in North America, by Application, 2017-2020 (USD Million)
Table 107 Market in North America, by Application, 2021-2026 (USD Million)
9.2.1 US
9.2.1.1 US Companies Heavily Investing in Smart Building Measures
Table 108 Market in US, by Application, 2017-2020 (USD Million)
Table 109 Market in US, by Application, 2021-2026 (USD Million)
9.2.2 Canada
9.2.2.1 Investments in Residential Segment to Hold Growth Opportunities
Table 110 Market in Canada, by Application, 2017-2020 (USD Million)
Table 111 Smart Elevator Market in Canada, by Application, 2021-2026 (USD Million)
9.2.3 Mexico
9.2.3.1 Growth of Commercial Constructions to Accelerate Market Growth
Table 112 Market in Mexico, by Application, 2017-2020 (USD Million)
Table 113 Market in Mexico, by Application, 2021-2026 (USD Million)
9.3 Europe
Figure 42 Europe: Snapshot of Smart Elevator Market
Table 114 Market in Europe, by Country, 2017-2020 (USD Million)
Table 115 Market in Europe, by Country, 2021-2026 (USD Million)
Table 116 Market in Europe, by Service, 2017-2020 (USD Million)
Table 117 Market in Europe, by Service, 2021-2026 (USD Million)
Table 118 Smart Elevator Market in Europe, by Application, 2017-2020 (USD Million)
Table 119 Market in Europe, by Application, 2021-2026 (USD Million)
9.3.1 UK
9.3.1.1 Smart City Initiatives to Reduce Carbon Footprint
Table 120 Market in UK, by Application, 2017-2020 (USD Million)
Table 121 Market in UK, by Application, 2021-2026 (USD Million)
9.3.2 Germany
9.3.2.1 Germany - Dominant Market for Smart Elevators in Europe
Table 122 Market in Germany, by Application, 2017-2020 (USD Million)
Table 123 Market in Germany, by Application, 2021-2026 (USD Million)
9.3.3 France
9.3.3.1 Renovation Projects in Residential Segment to Spur Growth
Table 124 Smart Elevator Market in France, by Application, 2017-2020 (USD Million)
Table 125 Market in France, by Application, 2021-2026 (USD Million)
9.3.4 Italy
9.3.4.1 Launch of Smart Building Alliance to Promote Smart Buildings
Table 126 Market in Italy, by Application, 2017-2020 (USD Million)
Table 127 Market in Italy, by Application, 2017-2020 (USD Million)
9.3.5 Rest of Europe
9.4 APAC
Figure 43 APAC: Snapshot of Smart Elevator Market
Table 128 Market in APAC, by Country, 2017-2020 (USD Million)
Table 129 Market in APAC, by Country, 2021-2026 (USD Million)
Table 130 Market in APAC, by Service, 2017-2020 (USD Million)
Table 131 Smart Elevator Market in APAC, by Service, 2021-2026 (USD Million)
Table 132 Market in APAC, by Application, 2017-2020 (USD Million)
Table 133 Market in APAC, by Application, 2021-2026 (USD Million)
9.4.1 China
9.4.1.1 China to Continue Remaining Dominant in APAC Smart Elevator Market
Table 134 Market in China, by Application, 2017-2020 (USD Million)
Table 135 Market in China, by Application, 2021-2026 (USD Million)
9.4.2 Japan
9.4.2.1 Surging Adoption of Smart Technologies
Table 136 Market in Japan, by Application, 2017-2020 (USD Million)
Table 137 Market in Japan, by Application, 2021-2026 (USD Million)
9.4.3 India
9.4.3.1 Government Initiatives for 100 Smart Cities to Fuel Growth
Table 138 Market in India, by Application, 2017-2020 (USD Million)
Table 139 Smart Elevator Market in India, by Application, 2021-2026 (USD Million)
9.4.4 South Korea
9.4.4.1 Growing Construction Industry to Offer Opportunities for New Installation of Smart Elevators
Table 140 Market in South Korea, by Application, 2017-2020 (USD Million)
Table 141 Market in Australia, by Application, 2021-2026 (USD Million)
9.4.5 Rest of APAC
9.4.5.1 Australian Government Investments for Smart Cities to Boost Demand for Smart Elevators
9.5 RoW
Table 142 Market in RoW, by Region, 2017-2020 (USD Million)
Table 143 Market in RoW, by Region, 2021-2026 (USD Million)
Table 144 Market in RoW, by Service, 2017-2020 (USD Million)
Table 145 Smart Elevator Market in RoW, by Service, 2021-2026 (USD Million)
Table 146 Market in RoW, by Application, 2017-2020 (USD Million)
Table 147 Market in RoW, by Application, 2021-2026 (USD Million)
9.5.1 Middle East & Africa
Table 148 Market in Middle East & Africa, by Application, 2017-2020 (USD Million)
Table 149 Market in Middle East & Africa, by Application, 2021-2026 (USD Million)
9.5.2 South America
Table 150 Smart Elevator Market in South America, by Application, 2017-2020 (USD Million)
Table 151 Market in South America, by Application, 2021-2026 (USD Million)

10 Competitive Landscape
10.1 Introduction
10.2 Revenue Analysis of Top 5 Companies
Figure 44 Smart Elevator Market: Market Share Analysis (2020)
10.3 Market Share Analysis of Top 5 Players, 2020
Table 152 Market: Degree of Competition
10.4 Competitive Evaluation Quadrant, 2020
10.4.1 Star
10.4.2 Pervasive
10.4.3 Emerging Leader
10.4.4 Participant
Figure 45 Market, Company Evaluation Matrix, 2020
10.5 Startup/SME Evaluation Quadrant, 2020
10.5.1 Progressive Companies
10.5.2 Responsive Companies
10.5.3 Dynamic Companies
10.5.4 Starting Blocks
Figure 46 Smart Elevator Market, Startup/SME Evaluation Quadrant, 2020
10.6 Market: Product Footprint
Table 153 Company Product Footprint
Table 154 Company Regional Footprint
Table 155 Company Industrial Footprint
Table 156 Company Application Footprint
10.7 Competitive Situations and Trends
10.7.1 Product Launches
Table 157 Smart Elevator Market: Product Launches
10.7.2 Deals
Table 158 Market: Deals

11 Company Profiles
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View)*
11.1 Key Players
11.1.1 Otis Elevator
Table 159 Otis Elevator: Business Overview
Figure 47 Otis Elevator: Company Snapshot
11.1.2 KONE Corporation
Table 160 KONE Corporation: Business Overview
Figure 48 KONE Corporation: Company Snapshot
11.1.3 Schindler Group
Table 161 Schindler Group: Business Overview
Figure 49 Schindler Group: Company Snapshot
11.1.4 Thyssenkrupp AG
Table 162 Thyssenkrupp AG: Business Overview
Figure 50 Thyssenkrupp AG: Company Snapshot
11.1.5 Hitachi Ltd.
Table 163 Hitachi Ltd: Business Overview
Figure 51 Hitachi Ltd.: Company Snapshot
11.1.6 Hyundai Elevators Co. Ltd.
Table 164 Hyundai Elevators Co. Ltd.: Business Overview
Figure 52 Hyundai Elevator Co. Ltd.: Company Snapshot
11.1.7 Mitsubishi Electric Corporation
Table 165 Mitsubishi Electric Corporation: Business Overview
Figure 53 Mitsubishi Electric Corporation: Company Snapshot
11.1.8 Fujitec Co. Ltd.
Table 166 Fujitec Co. Ltd: Business Overview
Figure 54 Fujitec Co. Ltd.: Company Snapshot
11.1.9 Toshiba Elevators and Building Systems Corporation
Table 167 Toshiba Elevators and Building Systems Corporation: Business Overview
Figure 55 Toshiba Elevators and Building Systems Corporation: Company Snapshot
11.1.10 Honeywell
Table 168 Honeywell: Business Overview
Figure 56 Honeywell: Company Snapshot
11.2 Other Key Players
11.2.1 Motion Control Engineering
11.2.2 Thames Valley Controls
11.2.3 Rimrock Corporation
11.2.4 Robustel
11.2.5 IBM
11.2.6 Robert Bosch GmbH
11.2.7 Liftinsight
11.2.8 Kisi
11.2.9 Sick AG
11.2.10 Pepperl+Fuchs
11.2.11 Kintronics, Inc.
11.2.12 Openpath Security Inc.
11.2.13 Brivo
11.2.14 Sigma Elevator Company
11.2.15 Emerald Elevators
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, Analyst's View Might Not be Captured in Case of Unlisted Companies

12 Adjacent and Related Report
12.1 Building Automation System
12.2 Introduction
Figure 57 Building Automation System Market, by Application
Figure 58 Commercial Application Segment to Hold Largest Size of Building Automation System Market from 2021 to 2026
Table 169 Building Automation System Market, by Application, 2015-2020 (USD Billion)
Table 170 Building Automation System Market, by Application, 2021-2026 (USD Billion)
12.3 Residential Applications
12.3.1 Prevalence of Smart Home and Smart Building Technologies in Residential Applications
12.3.2 DIY Home Automation
Table 171 Building Automation System Market for Residential Application, by Offering, 2015-2020 (USD Million)
Table 172 Building Automation System Market for Residential Application, by Offering, 2021-2026 (USD Million)
Table 173 Building Automation System Market for Residential Application, by Region, 2015-2020 (USD Billion)
Table 174 Building Automation System Market for Residential Application, by Region, 2021-2026 (USD Billion)
12.4 Commercial Applications
12.4.1 Emergence of Office Buildings as Prominent Commercial End-users of Building Automation Systems
12.4.2 Office Buildings
12.4.3 Retail and Public Assembly Buildings
12.4.4 Hospitals and Healthcare Facilities
12.4.5 Airports and Railway Stations
Table 175 Building Automation System Market for Commercial Application, by Offering, 2015-2020 (USD Million)
Table 176 Building Automation System Market for Commercial Application, by Offering, 2021-2026 (USD Million)
Table 177 Building Automation System Market for Commercial Application, by Region, 2015-2020 (USD Billion)
Table 178 Building Automation System Market for Commercial Application, by Region, 2021-2026 (USD Billion)
12.5 Industrial Application
12.5.1 Increased Adoption of Smart Building Solutions in Manufacturing Facilities to Achieve Energy and Cost Savings
Table 179 Building Automation System Market for Industrial Application, by Offering, 2015-2020 (USD Million)
Table 180 Building Automation System Market for Industrial Application, by Offering, 2021-2026 (USD Million)
Table 181 Building Automation System Market for Industrial Application, by Region, 2015-2020 (USD Billion)
Table 182 Building Automation System Market for Industrial Application, by Region, 2021-2026 (USD Billion)

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: The Subscription Portal
13.4 Available Customizations

Note: Product cover images may vary from those shown
  • Brivo
  • Emerald Elevators
  • Fujitec Co. Ltd.
  • Hitachi Ltd.
  • Honeywell
  • Hyundai Elevators Co. Ltd.
  • IBM
  • Kintronics, Inc.
  • Kisi
  • KONE Corporation
  • Liftinsight
  • Mitsubishi Electric Corporation
  • Motion Control Engineering
  • Openpath Security Inc.
  • Otis Elevator
  • Pepperl+Fuchs
  • Rimrock Corporation
  • Robert Bosch GmbH
  • Robustel
  • Schindler Group
  • Sick AG
  • Sigma Elevator Company
  • Thames Valley Controls
  • Thyssenkrupp AG
  • Toshiba Elevators & Building Systems Corporation
Note: Product cover images may vary from those shown

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