The purpose of the report is to illustrate the state of the market of Smart Elevator, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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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.
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.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Smart Elevator buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Smart Elevator contains:
Analysis and forecast of Smart Elevator market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Smart Elevator market;
Assessment and forecast of Smart Elevator market development;
Financial and business profiles of the leading companies in the Smart Elevator industry.
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– Up to date working Smart Elevator data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Smart Elevator for the period 2018 to 2026
– Planned Smart Elevator additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Smart Elevator projects by region, key countries, and companies
– Details of major planned Smart Elevator projects in the world up to 2026
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