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Global Smart Elevators Market Size Study, by Component,by Application, by Service and Regional Forecasts, 2017-2025 (USD Billion/Million)

Press Release   •   Apr 13, 2018 12:41 IST

Global Smart Elevators industry valued approximately USD 7.02 billion in 2016 is anticipated to grow with a healthy growth rate of more than 16.3% over the forecast period 20172025. government programs for green technologies, increasing no. of high rise buildings, growing espousal of wireless technology, greater efficiency & security over common elevators are expected to escalate the demands of Smart Elevators.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and subsegment of the market are explained below:

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Component:

  • Maintenance
  • Control
  • Access
  • Elevator
  • Sensors
  • Security
  • Communication

Application:

  • Institutional
  • Residential
  • Automated Vehicle Storage & Retrieval System
  • Commercial

Service:

  • Modernization
  • New Installation
  • Maintenance

Regions:
North America
o U.S.
o Canada
Europe
o UK
o Germany
Asia Pacific
o China
o India
o Japan
Latin America
o Brazil
o Mexico
Rest of the World

Furthermore, the years considered for the study are as follows:

  • Historical year – 2015
  • Base year – 2016
  • Forecast period – 2017 to 2025

Some of the key manufacturers involved in the market are Schindler Group, Otis Elevator Company, KONE Corp., ThyssenKrupp AG, Honeywell International Inc., Hitachi Ltd., Mitsubishi Electric Corp. and Siemens Building Technologies. The companies are spending a lot on their research and development programs to keep up with the dynamically changing technologies in the market. Acquisitions and effective mergers are one of the expansion strategies taken by the key manufacturers.

Target Audience of the Smart Elevators Market Study

  • Key Consulting Companies & Advisors
  • Large, mediumsized, and small enterprises
  • Venture capitalists
  • ValueAdded Resellers VARs
  • Thirdparty knowledge providers
  • Investment bankers
  • Investors

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Table of content

Chapter 1. Research Methodology
1.1. Research Process
1.1.1. Data Mining
1.1.2. Analysis
1.1.3. Market Estimation
1.1.4. Validation
1.1.5. Publishing
1.2. Research Assumption

Chapter 2. Global Smart Elevators Market Definition & Scope
2.1. Objective of The Study
2.2. Market Definition
2.3. Scope of The Study
2.4. Years Considered for The Study
2.5. Currency Conversion Rates
2.6. Report Limitation

Chapter 3. Executive Summary
3.1. Key Trends
3.2. Global & Segmental Market Estimates & Forecasts, 20152025 USD Billion/Million

Chapter 4. Global Smart Elevators Industry Dynamics
4.1. Growth Prospects
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.2. Industry Analysis
4.2.1. Porter’s 5 Force Model
4.2.2. PEST Analysis
4.2.3. Value Chain Analysis
4.3. Analyst Recommendation & Conclusion

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