Home / Media / Global Smart Elevator Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies And Forecasts, 2017 To 2025

Global Smart Elevator Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies And Forecasts, 2017 To 2025

Published: Oct 2017 | Published By: Acute Market Research

Smart Elevator Market(By Service Type (New Purchase & Installation, Upgrade (Modernization), and Maintenance), By End-use Application (Residential, Commercial, Healthcare & Institutional, and Industrial)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017 – 2025, the global smart elevator market is expected to witness a growth of 12.7% CAGR during the forecast period 2017 - 2025.

Market Insights
Smart elevators are emerging as the most effective solution for managing the traffic between the floors of high-rise/multi-storey buildings. Smart elevators represent more secured and energy efficient options as compared to conventional elevators, while simultaneously enabling comparatively faster movement of traffic within a building. According to a study by American Council for an Energy-Efficient Economy, smart elevators have the potential to ensure energy and cost savings by almost 40% as compared to conventional elevators. Smart elevators are equipped with modern security systems including biometrics, touch screen, destination dispatching & access control systems among others. The global smart elevators market is expected to witness strong growth during the forecast period 2017 – 2025 due to flourishing construction and real estate industry post economic recession. Urbanization and rise in the number of new dwelling units in cities has made the real estate sector competitive. Builders are coming up with new projects and are offering automation and smart elevators as a part of amenities.
Moreover, a trend of the construction industry going green can be seen. Over the past few years, the industry has been flooding with sustainable green products. According the U.S. Green Building Council, there were only 2% non-residential green buildings in the U.S. in 2005. However, by 2015 almost half of the non-residential buildings in the country were green. The on-going shift in paradigm towards green buildings is expected create huge opportunities for the smart elevators market.

Although the adoption of smart elevators is increasing steadily in developed economies, replacing the old conventional elevator with the advanced smart elevator is still an expensive proposition. An average cost of replacing conventional elevator with the smart equivalent costs between $60,000 and $250,000 per elevator, depending upon the size of the building. Moreover, smart elevator manufacturers are required to comply with several stringent government mandates and other entry barriers.

Although Asia Pacific trails behind North America and Europe in adoption, improving standard of living, urbanization, growing awareness regarding the benefits offered by smart technologies, and latent potential of the region is expected to make it the most lucrative smart elevators market in the years to come. The entry of international players together with the local vendors is expected to augment market competition, supporting market growth. China, Singapore, Korea and India are major markets and uphold huge growth potential. The governments of these leading countries have been promoting energy efficient solutions in a bid to achieve energy self-sufficiency. For instance, China has drafted plans for developing robust smart grid infrastructure to manage energy consumption wisely. All these factors are collectively expected to drive market demand in Asia Pacific.

The report on global smart elevators market discusses Key players and their strategies. The key players in the smart elevator market are Bosch Security Systems, Hitachi Ltd., Honeywell International Inc., Otis Elevator Company, Mitsubishi Electric Corporation, Kone Corporation, Hyundai Elevator Co. Ltd., Johnson Controls Inc., Schneider Electric SA, Schindler Group, Fujitec Co., Ltd., and ThyssenKrupp Elevator. The key strategies adopted by these players include product innovation and focus on research and development.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Smart Elevator Market Snapshot

3. Global Smart Elevator Market Analysis
3.1. Global Smart Elevator Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Smart Elevator Market Revenue, By Service Type , 2015 – 2025 (US$ Mn)
4.1. Market Analysis
4.2. New Purchase & Installation
4.3. Upgrade (Modernization)
4.4. Maintenance

5. Global Smart Elevator Market Revenue, By End-use Application , 2015 – 2025 (US$ Mn)
5.1. Market Analysis
5.2. Residential
5.3. Commercial
5.4. Healthcare & Institutional
5.5. Industrial

6. North America Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
6.1. North America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
6.1.1. New Purchase & Installation
6.1.2. Upgrade (Modernization)
6.1.3. Maintenance
6.2. North America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
6.2.1. Residential
6.2.2. Commercial
6.2.3. Healthcare & Institutional
6.2.4. Industrial
6.3. North America Smart Elevator Market Revenue, By Country, 2015 – 2025 (US$ Mn)
6.3.1. U.S.
6.3.1.1. U.S. Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
6.3.1.2. U.S. Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
6.3.2. Rest of North America
6.3.2.1. Rest of North America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
6.3.2.2. Rest of North America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

7. Europe Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
7.1. Europe Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.1.1. New Purchase & Installation
7.1.2. Upgrade (Modernization)
7.1.3. Maintenance
7.2. Europe Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.2.1. Residential
7.2.2. Commercial
7.2.3. Healthcare & Institutional
7.2.4. Industrial
7.3. Europe Smart Elevator Market Revenue, By Region, 2015 – 2025 (US$ Mn)
7.3.1. U.K.
7.3.1.1. U.K. Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.1.2. U.K. Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.3.2. Germany
7.3.2.1. Germany Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.2.2. Germany Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.3.3. France
7.3.3.1. France Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.3.2. France Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
7.3.4. Rest of Europe
7.3.4.1. Rest of Europe Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
7.3.4.2. Rest of Europe Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

8. Asia Pacific Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
8.1. Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.1.1. New Purchase & Installation
8.1.2. Upgrade (Modernization)
8.1.3. Maintenance
8.2. Asia Pacific Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.2.1. Residential
8.2.2. Commercial
8.2.3. Healthcare & Institutional
8.2.4. Industrial
8.3. Asia Pacific Smart Elevator Market Revenue, By Country, 2015 – 2025 (US$ Mn)
8.3.1. Japan
8.3.1.1. Japan Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.1.2. Japan Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.3.2. China
8.3.2.1. China Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.2.2. China Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.3.3. India
8.3.3.1. India Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.3.2. India Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
8.3.4. Rest of Asia Pacific
8.3.4.1. Rest of Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
8.3.4.2. Rest of Asia Pacific Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

9. Rest of World Smart Elevator Market Analysis, 2015 – 2025 (US$ Mn)
9.1. Rest of World Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
9.1.1. New Purchase & Installation
9.1.2. Upgrade (Modernization)
9.1.3. Maintenance
9.2. Rest of World Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
9.2.1. Residential
9.2.2. Commercial
9.2.3. Healthcare & Institutional
9.2.4. Industrial
9.3. Rest of World Smart Elevator Market Revenue, By Region, 2015 – 2025 (US$ Mn)
9.3.1. Latin America
9.3.1.1. Latin America Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
9.3.1.2. Latin America Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)
9.3.2. Middle-East and Africa
9.3.2.1. Middle-East and Africa Smart Elevator Market Revenue, By Service Type, 2015 – 2025 (US$ Mn)
9.3.2.2. Middle-East and Africa Smart Elevator Market Revenue, By End-use Application, 2015 – 2025 (US$ Mn)

10. Company Profiles
10.1. Hitachi Ltd.
10.2. Bosch Security Systems
10.3. Otis Elevator Company
10.4. , Honeywell International Inc.
10.5. Mitsubishi Electric Corporation
10.6. Kone Corporation
10.7. Hyundai Elevator Co. Ltd.
10.8. Johnson Controls Inc.
10.9. Schneider Electric SA
10.10. Schindler Group
10.11. Fujitec Co., Ltd.
10.12. ThyssenKrupp Elevator

TABLE 1 Market Snapshot: Global Smart Elevator Market
TABLE 2 Evolution of Smart Elevator
TABLE 3 Impact Indicators
TABLE 4 Impact Analysis of Drivers and Restraints
TABLE 5 North America Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 6 North America Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 7 North America Smart Elevator Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 8 U.S. Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 9 U.S. Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 10 Rest of North America Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 11 Rest of North America Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 12 Europe Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 13 Europe Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 14 Europe Smart Elevator Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 15 U.K. Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 16 U.K. Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 17 France Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 18 France Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 19 Germany Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 20 Germany Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE21 Rest of Europe Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 22 Rest of Europe Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 23 Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 24 Asia Pacific Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 24 Asia Pacific Smart Elevator Market Revenue, By Country, 2015 - 2025 (US$ Mn)
TABLE 25 China Smart Elevator Market Revenue, By Service Type, 2015- 2025 (US$ Mn)
TABLE 26 China Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 27 Japan Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 28 Japan Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 29 India Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 30 India Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 31 Rest of Asia Pacific Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 32 Rest of Asia Pacifc Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 33 Rest of World Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 34 Rest of World Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 35 Rest of World Smart Elevator Market Revenue, By Region, 2015 - 2025 (US$ Mn)
TABLE 36 Latin America Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 37 Latin America Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
TABLE 38 Middle-East and Africa Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
TABLE 39 Middle-East Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)

FIG. 1 Global Smart Elevator: Market Segmentation
FIG. 2 Global Smart Elevator Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Smart Elevator Market, By Service Type, 2015 (US$ Mn)
FIG. 5 Global Smart Elevator Market, By End-use Application, 2015 (US$ Mn)
FIG. 6 Global Smart Elevator Market, By Geography, 2015 (US$ Mn)
FIG. 7 Global Smart Elevator Market Revenue and Growth, 2015 - 2025, (US$ Mn and % Y-o-Y)
FIG. 8 See-Saw Analysis : Global Smart Elevator Market
FIG. 9 Market Positioning of Key Industry Participants, 2015
FIG. 10 Global Smart Elevator Market Revenue Contribution, By Service Type, 2016 & 2025 (Value %)
FIG. 11 Global Smart Elevator Market Revenue and Growth for New Purchase & Installation, 2015 - 2025, (US$ Mn)
FIG. 12 Global Smart Elevator Market Revenue and Growth for Upgrade (Modernization), 2015 - 2025, (US$ Mn)
FIG. 13 Global Smart Elevator Market Revenue and Growth for Maintenance, 2015 - 2025, (US$ Mn)
FIG. 14 Global Smart Elevator Market Revenue Contribution, By End-use Application, 2015 & 2025 (Value %)
FIG. 15 Global Smart Elevator Market Revenue and Growth for Residential Applications, 2015 - 2025, (US$ Mn)
FIG. 16 Global Smart Elevator Market Revenue and Growth for Commercial Applications, 2015 - 2025, (US$ Mn)
FIG. 17 Global Smart Elevator Market Revenue and Growth for Healthcare & Institutional Applications, 2015 - 2025, (US$ Mn)
FIG. 18 Global Smart Elevator Market Revenue and Growth for Industrial Applications, 2015 - 2025, (US$ Mn)
FIG. 19 North America Smart Elevator Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 20 Europe Smart Elevator Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 21 Asia Pacific Smart Elevator Market Revenue and Growth, 2015 - 2025, (US$ Mn) (Y-o-Y %)
FIG. 22 RoW Smart Elevator Market Revenue and Growth, 2015– 2025, (US$ Mn) (Y-o-Y %)

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