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

  • Published: 2017-09-28
  • Report Code: REP-GB-5081

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

Smart Elevator Automation System Market Reports - List of Tables

Table 01: Global Smart Elevator Automation System Market Value Forecast, By Service, 2012-2027 (US$ Mn)

Table 02: Global Smart Elevator Automation System Market Value Forecast, By Component, 2012-2027 (US$ Mn)

Table 03: Global Smart Elevator Automation System Market Value Forecast, By End User, 2012-2027 (US$ Mn)

Table 04: North American Smart Elevator Automation System Market Value Forecast by Country, 2012-2027 (US$ Mn)

Table 05: North American Smart Elevator Automation System Market Value Forecast by Service, 2012-2027 (US$ Mn)

Table 06: North American Smart Elevator Automation System Market Value Forecast, by Component, 2012-2027 (US$ Mn)

Table 07: North American Smart Elevator Automation System Market Value Forecast, by End User, 2012-2027 (US$ Mn)

Table 08: Latin America Smart Elevator Automation System Market Value Forecast, by Country, 2012-2027 (US$ Mn)

Table 09: Latin America Smart Elevator Automation System Market Value Forecast, by Service, 2012-2027 (US$ Mn)

Table 10: Latin America Smart Elevator Automation System Market Value Forecast, by Component, 2012-2027 (US$ Mn)

Table 11: Latin America Smart Elevator Automation System Market Value Forecast, by End User, 2012-2027 (US$ Mn)

Table 12: Western Europe Smart Elevator Automation System Market Value Forecast, by Country, 2012-2027 (US$ Mn)

Table 13: Western Europe Smart Elevator Automation System Market Value Forecast, By Service, 2012-2027 (US$ Mn)

Table 14: Western Europe Smart Elevator Automation System Market Value Forecast, By Component, 2012-2027 (US$ Mn)

Table 15: Western Europe Smart Elevator Automation System Market Value Forecast, By End User, 2012-2027 (US$ Mn)

Table 16: Eastern Europe Smart Elevator Automation System Market Value Forecast by Country, 2012-2027 (US$ Mn)

Table 17: Eastern Europe Smart Elevator Automation System Market Value Forecast by Service, 2012-2027 (US$ Mn)

Table 18: Eastern Europe Smart Elevator Automation System Market Value Forecast by Component, 2012-2027 (US$ Mn)

Table 19: Eastern Europe Smart Elevator Automation System Market Value Forecast by End User, 2012-2027 (US$ Mn)

Table 20: APEJ Smart Elevator Automation System Market Value Forecast by Country, 2012-2027 (US$ Mn)

Table 21: APEJ Smart Elevator Automation System Market Value Forecast by Service, 2012-2027 (US$ Mn)

Table 22: APEJ Smart Elevator Automation System Market Value Forecast by Component, 2012-2027 (US$ Mn)

Table 23: APEJ Smart Elevator Automation System Market Value Forecast by End User, 2012-2027 (US$ Mn)

Table 24: Japan Smart Elevator Automation System Market Value Forecast by Service, 2012-2027 (US$ Mn)

Table 25: Japan Smart Elevator Automation System Market Value Forecast by Component, 2012-2027 (US$ Mn)

Table 26: Japan Smart Elevator Automation System Market Value Forecast by End User, 2012-2027 (US$ Mn)

Table 27: MEA Smart Elevator Automation System Market Value Forecast by Country, 2012-2027 (US$ Mn)

Table 28: MEA Smart Elevator Automation System Market Value Forecast by Service, 2012-2027 (US$ Mn)

Table 29: MEA Smart Elevator Automation System Market Value Forecast by End User, 2012-2027 (US$ Mn)

Table 30: MEA Smart Elevator Automation System Market Value Forecast by End User, 2012-2027 (US$ Mn)

Smart Elevator Automation System Market Reports - List of Figures

Figure 1: Global Smart Elevator Automation System Market Value Forecast, 2012–2027 & Y-o-Y Growth, 2012–2027

Figure 2: Global Smart Elevator Automation System Market Absolute $ Opportunity, 2012-2027

Figure 03: Global Smart Elevator Automation System Market Share by Service, 2016, 2020 & 2027

Figure 04: Global Smart Elevator Automation System Market Attractiveness by Service, 2027

Figure 05: Global Smart Elevator Automation System Market Value, By Installation Service, 2012-2016

Figure 06: Global Smart Elevator Automation System Market Value, By Installation Service & Y-o-Y Growth, Forecast 2017-2027

Figure 07: Global Smart Elevator Automation System Market Value, By Repair & Maintenance, 2012-2016

Figure 08: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Repair & Maintenance, Forecast 2017-2027

Figure 09: Global Smart Elevator Automation System Market Value, By Modernization service, 2012-2016

Figure 10: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Modernization service, Forecast 2017-2027

Figure 11: Global Smart Elevator Automation System Market Share by Component, 2016, 2020 & 2027

Figure 12: Global Smart Elevator Automation System Market Attractiveness by Component, 2027

Figure 13: Global Smart Elevator Automation System Market Value, By Card Reader, 2012-2016

Figure 14: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Card Reader, Forecast 2017-2027

Figure 15:Global Smart Elevator Automation System Market Value, By Biometric, 2012-2016

Figure 16: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Biometric, Forecast 2017-2027

Figure 17: Global Smart Elevator Automation System Market Value, By Touchscreen  & Keypads, 2012-2016

Figure 18: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Touchscreen  & Keypads, Forecast 2017-2027

Figure 19: Global Smart Elevator Automation System Market Value, By Security & Control System, 2012-2016

Figure 20: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Security & Control System, Forecast 2017-2027

Figure 21: Global Smart Elevator Automation System Market Value, By Sensors, Motors & Automation System, 2012-2016

Figure 22: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Sensors, Motors & Automation System, Forecast 2017-2027

Figure 23: Global Smart Elevator Automation System Market Value, By Building Management System, 2012-2016

Figure 24: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, Building Management System, Forecast 2017-2027

Figure 25: Global Smart Elevator Automation System Market Share by End User, 2016, 2020 & 2027

Figure 26: Global Smart Elevator Automation System Market Attractiveness by End User, 2027

Figure 27: Global Smart Elevator Automation System Market Value, By Residential Sector, 2012-2016

Figure 28: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Residential Sector, Forecast 2017-2027

Figure 29: : Global Smart Elevator Automation System Market Value, By Commercial Sector, 2012-2016

Figure 30: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Commercial Sector, Forecast 2017-2027

Figure 31: Global Smart Elevator Automation System Market Value, By Hotel Segment, 2012-2016

Figure 32: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Hotel Segment, Forecast 2017-2027

Figure 33: Global Smart Elevator Automation System Market Value, By Others Segment, 2012-2016

Figure 34: Global Smart Elevator Automation System Market Value & Y-o-Y Growth, By Others Segment, Forecast 2017-2027

Figure 35: Global Smart Elevator Automation System Market Share by Region, 2016, 2020 & 2027

Figure 36: Global Smart Elevator Automation System Market Attractiveness by Region, 2027

Figure 37: North America Smart Elevator Automation System Market Value, 2012-2016

Figure 38: North America Smart Elevator Automation System Market Value & Y-o-Y Growth, Forecast 2017-2027

Figure 39: Latin America Smart Elevator Automation System Market Value, 2012-2016

Figure 40: Latin America Smart Elevator Automation System Market Value & Y-o-Y Growth, Forecast 2017-2027

Figure 41: Western Europe Smart Elevator Automation System Market Value, 2012-2016

Figure 42: Western Europe Smart Elevator Automation System Market Value & Y-o-Y Growth, Forecast 2017-2027

Figure 43: Eastern Europe Smart Elevator Automation System Market Value ,2012-2016

Figure 44: Eastern Europe Smart Elevator Automation System Market Value & Y-O-Y Growth, Forecast 2017-2017

Figure 45: APEJ Smart Elevator Automation System Market Value ,2012-2016

Figure 46: APEJ Smart Elevator Automation System Market Value & Y-O-Y Growth, Forecast 2017-2027

Figure 47: Japan Smart Elevator Automation System Market Value ,2012-2016

Figure 48: Japan Smart Elevator Automation System Market Value & Y-O-Y Growth, Forecast 2017-2027

Figure 49: MEA Smart Elevator Automation System Market Value ,2012-2016

Figure 50: MEA Smart Elevator Automation System Market Value & Y-O-Y Growth, Forecast 2017-2027

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