Smart Elevator Market Scope
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 Application (Commercial, Residential, Industrial, Institutional and Others) and major geographies with country level break-up.
To support the market, the entry of international players together with the local vendors is expected to expand market competition. Asian and Middle East countries' markets uphold huge growth potential. These government countries have been promoting energy-efficient solutions to achieve energy self-sufficiency. For instance, China has introduced plans for developing smart infrastructure to manage energy consumption. All these factors are collectively expected to drive market demand in both Asian and Middle East Countries. Research Analyst at AMA predicts that Japanese Manufacturers will contribute to the maximum growth of Global Smart Elevator market throughout the predicted period.
Schindler Holding AG (Switzerland), Honeywell International Inc. (United States), Otis Elevator Corporation (United States), ThyssenKrupp (Germany), Hyundai Elevator Co. Ltd. (South Korea), Fujitec (Japan), Robert Bosch GmbH (Germany), Hitachi Ltd (Japan) and KONE (Finland) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Mitsubishi Electric Corporation (Japan) and Toshiba Elevators and Building Systems Corporation (Japan).
AdvanceMarketAnalytics has segmented the market of Global Smart Elevator market by Type, Application and Region.
On the basis of geography, the market of Smart Elevator has been segmented into 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).
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.
"In the United States and Canada, the relied-upon safety Code for elevators, escalators, and associated equipment and parts is ASME A17.1-2016: Safety Code for Elevators and Escalators (developed as CSA B44-2016 in Canada). The Code is intended to serve as the basis for the design construction, installation, operation, testing, inspection, maintenance, alteration, and repair of elevators, dumbwaiters, escalators, moving walks, and material lifts. Safety codes and standards are intended to enhance public health and safety. "
- The Growth in Number of Smart Elevators connected with Internet
- Adoption of Cloud-based Technology to Store data/information related to Smart Elevator
- Installation of Interactive Touch Panel to Increase the Passenger Comfort
- Surging Number of Smart Buildings and Smart Cities in both Developed and Developing Economies
- Growth in the Construction Sector Globally
- Growing Construction Infrastructure and Increasing Number of Skyrappers in Asian and Middle East Countries
- Government Initiatives towards Energy Saving in the Construction Industry
- Higher Initial Investments in Installing Smart Elevator
- Lack of Infrastructure in both Developing and Underdeveloped Nations
- Availability of Substitutes includes Conventional Elevator and Escalator Systems
Key Target Audience
Smart Elevator Manufacturers, Technology Providers, System Installation teams, Component Distributors/Suppliers, Government Regulatory Bodies, End Users and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase