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Global Smart Elevators Market 2015-2019

Global Smart Elevators Market 2015-2019

Market outlook of the global smart elevators market

Smart elevators are faster and more energy efficient when compared to conventional elevators. The augmented demand for energy-efficient products coupled with the rapid increase in construction activity are expected to aid this market in surpassing USD 22 billion by 2019.

In this market research report, Technavio analysts estimate eminent factors, such as the development of smart cities, to drive market growth during the forecast period. Smart cities provide a sustainable and efficient environment within a building and have attained great popularity in developed as well as developing countries. Since buildings in these cities employ various technologies to improve energy efficiency, the implementation of smart elevators in such buildings will aid in fostering market growth during the forecast period.

End-user segmentation of the smart elevators market

Commercial sector
Residential sector
Construction sector
The residential sector is expected to show the highest market growth rate during the forecast period. Increasing urbanization and high demand for energy efficient and intelligent elevators are some of the significant factors that are expected to account for this segment’s high growth rate during the forecast period.

Geographical segmentation of the smart elevators market

APEJ
North America
Europe
Others
Technavio’s market research analyst has estimated the APEJ region to show the highest growth rate during the forecast period. High market growth rate of the APEJ region can be attributed to the presence of rapidly growing markets such as China, India, Indonesia, Malaysia, and Vietnam, which show significant growth potential during the forecast period.

Competitive landscape and key vendors

This market is primarily dominated by leading vendors like Hitachi and Otis. These vendors compete with each other on the basis of providing smart elevator installation, maintenance, and modernization services. Additionally, the ability of these vendors to aid large-scale public infrastructure, residential, and commercial construction projects will help in increasing their market share during the forecast period.

Key vendors in this market are -

Hitachi
Mitsubishi
Otis
Schindler
ThyssenKrupp
Other prominent vendors in this market are Bosch, Fujitec, Hyundai, Honeywell, and KONE.

Key questions answered in the report include

What will the market size and the growth rate be in 2019?
What are the key factors driving the global smart elevators market?
What are the key market trends impacting the growth of the global smart elevators market?
What are the challenges to market growth?
Who are the key vendors in the global smart elevators market?
What are the market opportunities and threats faced by the vendors in the global smart elevators market?
Trending factors influencing the market shares of the APEJ, North America, and Europe?
What are the key outcomes of the five forces analysis of the global smart elevators market?
Technavio also offers customization on reports based on specific client requirement.

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Press Release

Technavio Announces the Publication of its Research Report – Global Smart Elevators Market 2015-2019

Technavio recognizes the following companies as the key players in the Global Smart Elevators Market: Hitachi, Mitsubishi, Otis, Schindler and ThyssenKrupp

Other Prominent Vendors in the market are: Bosch, Fujitec, Hyundai, Honeywell, and KONE.

Commenting on the report, an analyst from Technavio’s team said: “With the high speed of the elevators, the manufacturers focus on the comfort of the riders. In order to achieve improved comfort levels in these elevators, additional requirements are also imposed on axial acceleration and deceleration, which ensures smooth pick-up and braking, and axial jerk for the acceleration and deceleration build-up.”

According to the report, smart cities are a pioneering concept and provide a sustainable and efficient environment within buildings. They have attained great popularity in developed as well as developing countries in order to optimize energy efficiency and improve security. Buildings in these cities employ various technologies to improve the energy efficiency of the whole system.

Further, the report states that steel, copper, and aluminum form the basic raw materials required for the manufacture of elevator parts. The demand for smart elevators is expected to be moderate in the forecast period.

Companies Mentioned

Hitachi, Mitsubishi, Otis, Schindler, ThyssenKrupp, Bosch, Fujitec, Hyundai, Honeywell, and KONE.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Industry overview
    • Supply chain for elevators
    • Key investment opportunities in the global smart elevator market
  • Market landscape
    • Market overview
      • Table Global smart elevator market 2014-2019 ($ billions)
      • Table Global construction spending by sector 2014-2019 ($ trillions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Global smart elevator market by end-user
      • Table Global smart elevator market in commercial sector 2014-2019 ($ billions)
      • Table List of international events to occur in the period 2014-2022
      • Table Global smart elevator market in residential sector 2014-2019 ($ billions)
      • Table Global residential construction spending by region 2014-2019 ($ trillions)
      • Table Global smart elevator market in other construction sectors 2014-2019 ($ billions)
      • Table Global spending in other construction sectors by region 2014-2019 ($ trillions)
      • Table Global smart elevator market share by end-user 2014-2015
  • Geographical segmentation
    • Global smart elevator market by region
      • Table APEJ smart elevator market 2014-2019 ($ billions)
      • Table North America smart elevator market 2014-2019 ($ billions)
      • Table Europe smart elevator market 2014-2019 ($ billions)
      • Table Smart elevator market in other regions 2014-2019 ($ billions)
      • Table Global smart elevator market share by region 2014-2019
      • Table CAGR comparison by region
  • Market drivers
    • Development of smart cities
      • Table Examples of smart city development
      • Table Segmentation of countries according to economic stability
    • Growth of high-rise building construction
      • Table Upcoming high-rise buildings by end-use (by 2019)
      • Table Tallest five upcoming residential buildings globally
      • Table Tallest five upcoming commercial buildings globally
    • Increasing rate of urbanization
      • Table Urban population by region 2010-2019
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • High initial investment
    • Expensive raw materials
    • Intense competition
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing focus on passenger comfort
      • Table Other advanced systems used in smart elevators
    • Increasing focus on elevator time management
      • Table Maximum speed of elevators in some prominent high-rise buildings
    • Conversion of conventional elevators to smart elevators
      • Table Expected change in population according to age 2010-2019
  • Vendor landscape
    • Competitive scenario
    • Presence of major vendors in smart elevator market
      • Table Fastest elevators manufactured and installed globally
    • Other prominent vendors
  • Key vendor analysis
    • Hitachi
      • Table Hitachi: Business segmentation by revenue 2015
      • Table Hitachi: Geographical segmentation by revenue 2015
    • Mitsubishi Electric
      • Table Mitsubishi Electric: Business segmentation by revenue 2014
      • Table Mitsubishi Electric: Business segmentation by revenue 2014 and 2015 ($ billions)
      • Table Mitsubishi Electric: Geographical segmentation by revenue 2015
    • Otis Elevator
    • Schindler
      • Table Schindler: Product segmentation
      • Table Schindler: Geographical segmentation by revenue 2014
    • ThyssenKrupp
      • Table ThyssenKrupp: Business segmentation by revenue 2014
      • Table ThyssenKrupp: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table ThyssenKrupp: Geographical segmentation by revenue 2014
    • TELC
      • Table TELC: Product segmentation
  • Appendix
    • List of abbreviations
  • Explore Technavio

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