Smart Elevator Automation System Market

Smart Elevator Automation System Market: APEJ Anticipated to be the Most Attractive Regional Market Throughout the Forecast Period: Global Industry Analysis & Opportunity Assessment 2017 - 2027

  • 2017-09-28
  • REP-GB-5081
  • 144 pages
  • PDF PPT EXCEL
 Smart Elevator Automation System Market

An Incisive, In-depth Analysis on the Smart Elevator Automation System Market

This study offers a comprehensive, 360 degree analysis on the Smart Elevator Automation System market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Smart Elevator Automation System market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Introduction

Smart elevator automation system is a new generation of elevators that have been equipped with innovative technologies offering facilities along with security. Ongoing infrastructure development along with an increasing demand for eco-friendly elevators and secure elevators are major factors driving revenue growth of the global smart elevator automation system market. Also, an increasing demand for enhanced personalised experiences is anticipated to boost demand for smart elevator automation systems during the forecast period. However, high costs and lack of knowledge is restraining the market growth of smart elevator automation systems globally.

Market Forecast

The global smart elevator automation system market is categorised on the basis of services, component, end-user and region. On the basis services, the market is segmented as installation service, repair & maintenance, and modernisation. The installation service segment is anticipated to register a CAGR of 12.0% during the forecast period and is expected to represent an absolute $ opportunity of US$ 11,249.8 Mn between 2017 and 2027. On the basis of component, the global smart elevator automation system market is segmented into card reader, biometric, touch screen & keypad, security & control system, sensor motor & automation, and building management system. The revenue contribution from the building management system segment is anticipated to expand at a CAGR of 12.9% during the forecast period and is expected to represent an absolute $ opportunity of US$ 3,626.1 Mn between 2017 and 2027. Among end users, the residential sector is expected to expand at the highest CAGR of 18.1% during the forecast period and is expected to represent an absolute $ opportunity of US$ 7,161.9 Mn between 2017 and 2027.

Among the regions, APAC is projected to exhibit relatively high growth in the global market, registering a CAGR of 18.6% over the forecast period. APEJ, North America and Western Europe are collectively expected to account for 59.4% of the global smart elevator automation system market in 2017, and are expected to account for 68.3% market share by 2027 end. Contribution by APEJ to the overall smart elevator automation system market was 15.0% in 2016 and is expected to increase to 22.2% by 2027 end. In terms of CAGR, the markets in North American and Japan are estimated to be the second- and third-fastest growing regional markets with CAGRs of 15.3% and 13.5% respectively over the forecast period. Collectively, the APEJ and North America regional markets are expected to hold 48.7% share of the global market by the end of 2027. Smart elevator automation system providers can focus on expanding their technologies across several countries in APAC and North America regions such as India, China and U.S.

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Key Players

Some of the top companies identified across the global smart elevator automation system market value chain are Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell. Key players are introducing technologically advanced sensors and automation systems that can be deployed in elevators to maximise energy efficiency and elevator travel speed.

Report Description

Future Market Insights offers a 10-year forecast of the smart elevator automation system market between 2017 and 2027. This study demonstrates the market dynamics and trends globally across North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East and Africa which influence the current nature and future status of the smart elevator automation system market over the forecast period. This research report provides detailed analysis of the smart elevator automation system market and offers insights on the various factors such as deployment of security and control systems such as fire alarms, intrusion alarm systems and surveillance systems in the elevator. The market study provides comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business. The report segregates the market based on services, component and end-user across different regions globally. The report starts with an overview of the global smart elevator automation system market in terms of value. In addition, this section includes analysis of key trends, drivers and restraints influencing the smart elevator automation system market. Impact analysis of key growth drivers and restraints are included in this report to facilitate clients with crystal clear decision-making insights.

The global smart elevator automation system market is categorised on the basis of services, component, end-user and region. On the basis of services, the market is segmented as installation, repair & maintenance and modernisation. On the basis of component, the global market is segmented into card reader, biometric, touch screen & keypad, security & control system, sensor, motor and automation system, and building management system. A detailed analysis has been provided for every segment in terms of market size analysis. The next section provides a detailed analysis of the smart elevator automation system market across various countries and provides a market outlook for 2017–2027 while setting the forecast within the context of the smart elevator automation system market including latest technological developments as well as service offerings in the market. This study discusses key trends within countries contributing to the growth of the market, as well as analyses degree to which drivers are influencing this market in each region.

This report evaluates the present scenario and growth prospects of the smart elevator automation system market across various regions globally for the period 2017 –2027. We have considered 2016 as the base year and provided data for the trailing 12 months. The forecast presented here assesses the total revenue by value across the market. In order to offer an accurate forecast, we have started by sizing the current market, which forms the basis of how the smart elevator automation system market will develop in the future. Given the characteristics of the market, we have triangulated the outcome of different services and component and analyses based on the technology trends. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities across the market.

In the final section of the report, we include a competitive landscape to provide clients with a dashboard view based on categories of providers in the value chain, presence in the smart elevator automation system portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the smart elevator automation system value chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the smart elevator automation system market.

Key Segments Covered

  • By Service

    • Installation

    • Repair & Maintenance

    • Modernisation

  • By Component

    • Card Reader

    • Biometric

    • Touchscreen & Keypad

    • Security & Control System

    • Sensor, Motor & Automation System

    • Building Management System

  • By End User

    • Residential Sector

    • Commercial Sector

    • Hotel

    • Others

Key Regions Covered

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

  • Asia Pacific excluding Japan

    • China

    • India

    • ASEAN

    • A&NZ

    • Rest of Asia Pacific

  • Japan

  • Middle East & Africa

    • North Africa

    • South Africa

    • GCC

    • Turkey

    • Rest of Middle East & Africa

Smart Elevator Automation System Market Reports - Table of Contents

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