Smart Elevator Market - Global Forecast to 2022 - New Report Available

From: Fast Market Research, Inc.
Published: Tue May 17 2016


Smart Elevator Market by Component (Control System, Maintenance System, Communication System), Services (New Installation, Modernization, Maintenance), Application and Geography - Global Forecast to 2022

"Growing urbanization driving the smart elevator market"

The smart elevator market is expected to grow from USD 9.54 million in 2015 to USD 26.69 million by 2022. The market is driven by factors such as rapid urbanization, rising adoption of wireless technology, and increasing demand for energy-efficient solutions. The rapid urbanization is considered to be the key driver for the smart elevator market.

"Commercial application to dominate the market during the forecast period"

Full Report Details at
- http://www.fastmr.com/prod/1171477_smart_elevator_global.aspx?afid=301

The commercial application is the largest market. Reducing energy consumption has become a major objective for building owners, governments, and other stakeholders. Replacing existing systems with energy-efficient systems is one of the ways to reduce this pool of energy usage. Adding smart elevator controls over existing systems is the best way to ensure energy reduction.

"APAC offers high-growth avenues during the forecast period"

The robust growth is attributed to commercial, residential developments, and increased governmental expenditure. Another factor for the growth is increasing number of smart high-rise buildings in the region. APAC is the fastest-growing region in the smart elevator market. Countries such as China, India, and Japan are the key contributors to the growth of the market. Increased construction spending, improved living standards, urbanization are the key drivers of the smart elevator market in APAC.

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profile of primary participants is given below:

* By Company Type: Tier I - 30%, Tier II - 48%, and Tier III - 22%
* By Designation: C-Level - 25%, Director Level - 60%, and Others - 15%
* By Region: North America - 50%, Europe - 30%, APAC - 15%, and RoW - 5%

The major companies in the smart elevator ecosystem profiled in this report are as follows:

1. ThyssenKrupp AG (Germany)

2. Otis Elevator Company (U.S.)

3. KONE Corporation (Finland)

4. Schindler Group (Switzerland)

5. Hitachi Ltd. (Japan)

6. Hyundai Elevator Company Ltd. (South Korea)

7. Toshiba Elevators and Building Systems Corporation (Japan)

8. Mitsubishi Electric Corporation (Japan)

9. Fujitec Co., Ltd. (Japan)

10. Motion Control Engineering, Inc. (U.S.)

The report would help the market leaders/new entrants in this market in the following ways:

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Smart Irrigation Market - Global Forecast to 2022
- Smart Factory Market - Global Forecast To 2022
- IoT Gateway Market - Global Forecast to 2022
- Home Automation System Market - Global Forecast to 2022
- GaN Power Devices Market - Global Forecast to 2022

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

Visit website »