Research Beam added a report “Smart Elevator Automation – Global Market Outlook (2015-2022)”
According to Research Beam MRC, the Smart Elevator Automation System market is expected to grow at a CAGR of 16.7% between 2015 and 2022. Growing population, universal urbanization, increasing investments in infrastructure and demand for energy efficient and high speed elevators are the factors influencing the growth of the market. However, lack of awareness and high initial costs are hindering the market growth. Top players in the smart elevator automation system market are focusing on R&D activities for developing superior dispatch solutions to enhance their market shares.
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The installation service is the leading segment among services and is expected to dominate the market throughout the forecast period. Modernization service segment is expected to grow at the highest CAGR of 16.9% over the forecast period. Residential sector is dominating the end users market by accounting for more than 45% of share in global smart elevator automation system market. Motor and automation system dominated the components market and is likely to continue its pace during forecast period. Security and control system has promising markets and expected to witness the highest growth rate during forecast period.
Asia Pacific Excluding Japan (APEJ) has the leading market for smart elevator automation system accounted for more than 30% share among the global market. Asia Pacific Excluding Japan (APEJ), Western Europe and North America combinedly represent around 90% of the global market share. Some of the major players of the market include, Fujitec Co. Ltd., Hitachi Ltd., Mitsubishi Electric Corporation, Honeywell International Inc., Schindler Group, Kone Corporation, Tyco International Limited, United Technologies Corporation, ThyssenKrupp Elevator AG and Otis Elevator Company.
What our report offers:-
Table of Content
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Elevator Automation System Market, By Service
6 Global Smart Elevator Automation System Market, By Components
7 Global Smart Elevator Automation System Market, By End Users
8 Global Smart Elevator Automation System Market, By Geography
9 Key Developments
10 Company Profiling
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