Smart Elevator Market Research Report- Forecast 2023

Smart Elevator Market Research Report- Forecast 2023

ID: MRFR/SEM/4057-HCRR | November, 2018 | Region: Global | 100 pages | Half-Cooked Research Reports

Global Smart Elevator Market Research Report, by Type (Passenger, Freight and Fire-proof), by Component (Maintenance, Control, and Communication), by Service (Installation, Modernization and Maintenance), by Speed and by Application - Forecast till 2023


Synopsis of Global Smart Elevator Market


Market Scenario:


Rapid increase in urbanization has created a positive impact on the development of smart projects such as smart cities in the emerging economies. As more number of people living in the cities has encouraged the builders and contractors to build taller buildings in the urban areas which eventually increases the demand for the elevators.


Populated cities have tall buildings, generally used for offices as well as residential purposes, which can cause inconvenience for the general public to wait for a longer time in lifts which increases the waiting time and operating costs of elevators. Rising need for energy efficient solutions such as smart elevators is required to allow better convenience for the people.


However, with advent of technology, the elevators installed in commercial and residential buildings are equipped with smart solutions such as destination dispatch, facilitated at multi-elevator buildings, the number of people or passengers being informed and offers to select and travel-specific floor  to halt to turn up for their vehicles which comparatively reduces the waiting time. Destination dispatch technology being used in multi-storey buildings such as 20-25 floor buildings where the panel buttons are at present at the lobby, rather than in elevator. The advanced system identifies the traffic arrangement and adjust the number of elevators at the lobby, and engage the certain elevators at higher floors, which reduces the traveling and waiting times during the peak period of business hours.


On the flip side, implementing these smart solutions on a large scale require huge investments which eventually, regarded as a challenging factor for the smart elevators market.


The Global Smart Elevator Market, 2017-2023 (USD Billion)


 Smart Elevator Market


Source: MRFR Analysis


The global Smart Elevator is expected to reach approximately USD 30 billion by 2023 growing at a 15% CAGR over the forecast period 2017-2023.


Key Players


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).


Segmentation


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.


Regional Analysis


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.


Target Audience



  • 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


 

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

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Smart Elevator Market

5 Industry Overview of Global Smart Elevator Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Smart Elevator Market by Type

7.1 Introduction

7.2 Passenger Elevator

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Freight Elevator

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

7.4 Fireproof Elevators

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Smart Elevator Market by Component

8.1 Introduction

8.2 Maintenance

8.2.1 Market Estimates & Forecast, 2018-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Control System

8.3.1 Access Control System

8.3.1.1 Market Estimates & Forecast, 2017-2023

8.3.1.2 Market Estimates & Forecast by Region, 2017-2023

8.3.2 Elevator Control System

8.3.2.1 Market Estimates & Forecast, 2017-2023

8.3.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3.3 Sensors Control System

8.3.3.1 Market Estimates & Forecast, 2017-2023

8.3.3.2 Market Estimates & Forecast by Region, 2017-2023

8.3.4 Security Control System

8.3.4.1 Market Estimates & Forecast, 2017-2023

8.3.4.2 Market Estimates & Forecast by Region, 2017-2023

9. Global Smart Elevator Market by Speed

9.1 Introduction

9.2 Low-Speed

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Region, 2017-2023

9.3 Fast-Speed

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Region, 2017-2023

9.4 High-Speed

9.4.1 Market Estimates & Forecast, 2017-2023

9.4.2 Market Estimates & Forecast by Region, 2017-2023

9.5 Super-Speed

9.5.1 Market Estimates & Forecast, 2017-2023

9.5.2 Market Estimates & Forecast by Region, 2017-2023

10. Global Smart Elevator Market by Application

10.1 Introduction

10.2 Industrial

10.2.1 Market Estimates & Forecast, 2017-2023

10.2.2 Market Estimates & Forecast by Region, 2017-2023

10.3 Commercial

10.3.1 Market Estimates & Forecast, 2017-2023

10.3.2 Market Estimates & Forecast by Region, 2017-2023

10.4 Institutional & Infrastructure

10.4.1 Market Estimates & Forecast, 2017-2023

10.4.2 Market Estimates & Forecast by Region, 2017-2023

10.5 Residential

10.5.1 Market Estimates & Forecast, 2017-2023

10.5.2 Market Estimates & Forecast by Region, 2017-2023

10.6 Others

10.6.1 Market Estimates & Forecast, 2017-2023

10.6.2 Market Estimates & Forecast by Region, 2017-2023

11. Global Smart Elevator Market by Region

11.1 Introduction

11.2 North America

11.2.1 Market Estimates & Forecast, 2017-2023

11.2.2 Market Estimates & Forecast by Type, 2017-2023

11.2.3 Market Estimates & Forecast by Speed, 2017-2023

11.2.4 Market Estimates & Forecast by Component, 2017-2023

11.2.5 Market Estimates & Forecast by Application, 2017-2023

11.2.6 U.S.

11.2.6.1 Market Estimates & Forecast, 2017-2023

11.2.6.2 Market Estimates & Forecast by Type, 2017-2023

11.2.6.3 Market Estimates & Forecast by Speed, 2017-2023

11.2.6.4 Market Estimates & Forecast by Component, 2017-2023

11.2.6.5 Market Estimates & Forecast by Application, 2017-2023

11.2.7 Canada

11.2.7.1 Market Estimates & Forecast, 2017-2023

11.2.7.2 Market Estimates & Forecast by Type, 2017-2023

11.2.7.3 Market Estimates & Forecast by Speed, 2017-2023

11.2.7.4 Market Estimates & Forecast by Component, 2017-2023

11.2.7.5 Market Estimates & Forecast by Application, 2017-2023

11.3 Europe

11.3.1 Market Estimates & Forecast, 2017-2023

11.3.2 Market Estimates & Forecast by Type, 2017-2023

11.3.3 Market Estimates & Forecast by Speed, 2017-2023

11.3.4 Market Estimates & Forecast by Component, 2017-2023

11.3.5 Market Estimates & Forecast by Application, 2017-2023

11.3.6 Germany

11.3.6.1 Market Estimates & Forecast, 2017-2023

11.3.6.2 Market Estimates & Forecast by Type, 2017-2023

11.3.6.3 Market Estimates & Forecast by Speed, 2017-2023

11.3.6.4 Market Estimates & Forecast by Component, 2017-2023

11.3.6.5 Market Estimates & Forecast by Application, 2017-2023

11.3.7. France

11.3.7.1 Market Estimates & Forecast, 2017-2023

11.3.7.2 Market Estimates & Forecast by Type, 2017-2023

11.3.7.3 Market Estimates & Forecast by Speed, 2017-2023

11.3.7.4 Market Estimates & Forecast by Component, 2017-2023

11.3.7.5 Market Estimates & Forecast by Application, 2017-2023

11.3.8. U.K

12.3.10.1 Market Estimates & Forecast, 2017-2023

11.3.8.2 Market Estimates & Forecast by Type, 2017-2023

11.3.8.3 Market Estimates & Forecast by Form, 2017-2023

11.3.8.4 Market Estimates & Forecast by Component, 2017-2023

11.3.8.5 Market Estimates & Forecast by Application, 2017-2023

11.4 Asia Pacific

11.4.1 Market Estimates & Forecast, 2017-2023

11.4.2 Market Estimates & Forecast by Type, 2017-2023

11.4.3 Market Estimates & Forecast by Speed, 2017-2023

11.4.4 Market Estimates & Forecast by Component, 2017-2023

11.4.5 Market Estimates & Forecast by Application, 2017-2023

11.4.6 China

11.4.6.1 Market Estimates & Forecast, 2017-2023

11.4.6.2 Market Estimates & Forecast by Type, 2017-2023

11.4.6.3 Market Estimates & Forecast by Speed, 2017-2023

11.4.6.4 Market Estimates & Forecast by Component, 2017-2023

11.4.6.5 Market Estimates & Forecast by Application, 2017-2023

11.4.7 India

11.4.7.1 Market Estimates & Forecast, 2017-2023

11.4.7.2 Market Estimates & Forecast by Type, 2017-2023

11.4.7.3 Market Estimates & Forecast by Speed, 2017-2023

11.4.7.4 Market Estimates & Forecast by Component, 2017-2023

11.4.7.5 Market Estimates & Forecast by Application, 2017-2023



11.4.8 Japan

11.4.8.1 Market Estimates & Forecast, 2017-2023

11.4.8.2 Market Estimates & Forecast by Type, 2017-2023

11.4.8.3 Market Estimates & Forecast by Speed, 2017-2023

11.4.8.4 Market Estimates & Forecast by Component, 2017-2023

11.4.8.5Market Estimates & Forecast by Application, 2017-2023

11.4.9 Rest of Asia Pacific

11.4.9.1 Market Estimates & Forecast, 2017-2023

11.4.9.2 Market Estimates & Forecast by Type, 2017-2023

11.4.9.3 Market Estimates & Forecast by Speed, 2017-2023

11.4.9.4 Market Estimates & Forecast by Component, 2017-2023

11.4.9.5Market Estimates & Forecast by Application, 2017-2023

11.4.9.6Market Estimates & Forecast by Organization Size, 2017-2023

11.4.9.7 Market Estimates & Forecast by Application, 2017-2023

11.5 Rest of the World

11.5.1 Market Estimates & Forecast, 2017-2023

11.5.2 Market Estimates & Forecast by Type, 2017-2023

11.5.3 Market Estimates & Forecast by Speed, 2017-2023

11.5.4 Market Estimates & Forecast by Component, 2017-2023

11.5.5 Market Estimates & Forecast by Application, 2017-2023

11.5.6 The Middle East & Africa

11.5.6.1 Market Estimates & Forecast, 2017-2023

11.5.6.2 Market Estimates & Forecast by Type, 2017-2023

11.5.6.3 Market Estimates & Forecast by Speed, 2017-2023

11.5.6.4 Market Estimates & Forecast by Component, 2017-2023

11.5.6.5 Market Estimates & Forecast by Application, 2017-2023

11.5.7 Latin Countries

11.5.7.1 Market Estimates & Forecast, 2017-2023

11.5.7.2 Market Estimates & Forecast by Type, 2017-2023

11.5.7.3 Market Estimates & Forecast by Speed, 2017-2023

11.5.7.4 Market Estimates & Forecast by Component, 2017-2023

11.5.7.5 Market Estimates & Forecast by Application, 2017-2023

12. Company Landscape

13. Company Profiles

13.1 ThyssenKrupp AG (Germany)

13.1.1 Company Overview

13 1.2 Product/Business Segment Overview

13.1.3 Financial Updates

13.1.4 Key Developments

13.2 Otis Elevator Company (U.S.)

13.2.1 Company Overview

13.2.2 Product/Business Segment Overview

13.2.3 Financial Updates

13.2.4 Key Developments

13.3 Schindler Group (Switzerland)

13.3.1 Company Overview

13.3.2 Product/Business Segment Overview

13.3 3 Financial Updates

13.3.4 Key Developments

13.4 KONE Corporation (Finland)

13.4.1 Company Overview

13.4.2 Product/Business Segment Overview

13.4 3 Financial Updates

13.4.4 Key Developments

13.5 Johnson Controls Inc. (U.S.)

13.5.1 Company Overview

13.5.2 Product/Business Segment Overview

13.5.3 Financial Updates

13.5.4 Key Developments

13.6 Motion Control Engineering (U.S.)

13.6.1 Company Overview

13.6.2 Product/Business Segment Overview

13.6.3 Financial Updates

13.6.4 Key Developments

13.7 Mitsubishi Electric (Japan)

13.7.1 Company Overview

13.7.2 Product/Business Segment Overview

13.7.3 Financial Updates

13.7 4 Key Developments

13.8 Hyundai Elevator (South Korea)

13.8.1 Company Overview

13.8.2 Product/Business Segment Overview

13.8 3 Financial Updates

13.8.4 Key Developments

13.9 Hitachi (Japan)

13.9.1 Company Overview

13.9.2 Product/Business Segment Overview

13.9.3 Financial Updates

13.9.4 Key Developments

13.10 Fujitec (Japan)

13.10.1 Company Overview

13.10.2 Product/Business Segment Overview

13.10.3 Financial Updates

13.10.4 Key Developments

13.11 Hyundai Elevator Co. Ltd (Iran)

13.11.1 Company Overview

13.11.2 Product/Business Segment Overview

13.11.3 Financial Updates

13.11 4 Key Developments

14 Conclusion



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

Table5 Asia Pacific Smart Elevator Market: By Country, 2017-2023

Table6 The Middle East & Africa Smart Elevator Market: By Country, 2017-2023

Table7 Latin America Smart Elevator Market: By Country, 2017-2023

Table8 Global Smart Elevator by Type Market: By Regions, 2017-2023

Table9 North America Smart Elevator by Type Market: By Country, 2017-2023

Table10 Europe Smart Elevator by Type Market: By Country, 2017-2023

Table11 Asia Pacific Smart Elevator by Type Market: By Country, 2017-2023

Table12 The Middle East & Africa Smart Elevator by Type Market: By Country, 2017-2023

Table13 Latin America Smart Elevator by Type Market: By Country, 2017-2023

Table14 Global Smart Elevator by Industry Market: By Regions, 2017-2023

Table15 North America Smart Elevator by Industry Market: By Country, 2017-2023

Table16 Europe Smart Elevator by Industry Market: By Country, 2017-2023

Table17 Asia Pacific Smart Elevator by Industry Market: By Country, 2017-2023

Table18 The Middle East & Africa Smart Elevator by Industry Market: By Country, 2017-2023

Table19 Latin America Smart Elevator by Industry Market: By Country, 2017-2023

Table20 North America Smart Elevator for Industry Market: By Country, 2017-2023

Table21 Europe Smart Elevator for Industry Market: By Country, 2017-2023

Table22 Asia Pacific Smart Elevator for Industry Market: By Country, 2017-2023

Table23 The Middle East & Africa Smart Elevator for Industry Market: By Country, 2017-2023

Table24 Global Type Market: By Region, 2017-2023

Table25 Global Industry Market By Region, 2017-2023

Table26 Global Industry Market By Region, 2017-2023

Table27 North America Smart Elevator Market, By Country

Table28 North America Smart Elevator Market, By Type

Table29 North America Smart Elevator Market, By Product

Table30 Europe Smart Elevator Market, By Product

Table31 Europe Smart Elevator Market, By Type

Table32 Asia Pacific Smart Elevator Market, By Country

Table33 Asia Pacific Smart Elevator Market, By Type

Table34 Asia Pacific Smart Elevator Market, By Product

Table35 The Middle East & Africa: Smart Elevator Market, By Country

Table36 The Middle East & Africa Smart Elevator Market, By Type

Table37 The Middle East & Africa Smart Elevator Market, By Product

Table38 Latin America: Smart Elevator Market, By Country

Table39 Latin America Smart Elevator Market, By Type

Table40 Latin America Smart Elevator Market, By Product



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

FIGURE 4 Value Chain of Global Smart Elevator Market

FIGURE 5 Share of Global Smart Elevator Market in 2017, by country (in %)

FIGURE 6 Global Smart Elevator Market, 2017-2023,

FIGURE 7 Sub-segments of Type

FIGURE 8 Global Smart Elevator Market size by Type, 2017

FIGURE 8 Share of Global Smart Elevator Market by Type, 2017 TO 2023

FIGURE 9 Global Smart Elevator Market size by Product, 2017

FIGURE 10 Share of Global Smart Elevator Market by Product, 2017 TO 2023

FIGURE 11 Global Smart Elevator Market size by Industry, 2017

FIGURE 12 Share of Global Smart Elevator Market by Industry, 2017 TO 2023