Market Highlights: Smart Elevator, an advanced technology system that helps to schedule the maintenance on time and provide comfort to the passengers. The smart elevator provides high speed, minimum space, and lesser time. Of late, the Otis company is adopting advanced technology where they can summon elevators through a touch of users phone. The smart elevator waits until passenger will board after the lift call in the parking lot of residential and commercial building. The market study is being classified by Type (Card Based Elevators, Biometrics Based Elevators, Touchscreens & Keypads Based Elevators and Security Controls Based Elevators), by Application (Commercial, Residential, Industrial, Institutional and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Smart Elevator are Schindler Holding AG (Switzerland), Honeywell International Inc. (United States), Otis Elevator Corporation (United States), Hyundai Elevator Co. Ltd. (South Korea), ThyssenKrupp (Germany), Fujitec (Japan), Robert Bosch GmbH (Germany), Hitachi Ltd (Japan), KONE (Finland), Mitsubishi Electric Corporation (Japan) and Toshiba Elevators and Building Systems Corporation (Japan).
In May 2019, Schindler and Telefónica have a partnership to offer digital connectivity in smart elevator and escalator. Under this agreement, Telefónica will be the IoT and network connectivity for Schindler’s digital offering for smart elevators and escalators.
Key Questions Answered in the Report What will the Smart Elevator Market size and the growth rate be in Future? What are the key factors driving the Smart Elevator Market? What are the key market trends and macro-economic impacting the growth of the Smart Elevator Market? What are the challenges to market growth? Who are the key vendors in the Smart Elevator Market? What are the market opportunities and threats faced by the vendors in the Smart Elevator Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Smart Elevator Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Smart Elevator market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Smart Elevator market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Smart Elevator Manufacturers, Technology Providers, System Installation teams, Component Distributors/Suppliers, Government Regulatory Bodies, End Users and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.