Smart Elevator Market Analysis By Solution (New Deployment, Modernization, Maintenance), By Application (Residential, Commercial, Industrial, Institutional) And Segment Forecasts To 2022

Published: Dec, 2015 | Pages: 83 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global smart elevator market is expected to reach USD 30.55 billion by 2022, according to a new study by Grand View Research, Inc. Rising consumer disposable income especially in emerging economies like India and Brazil coupled with overall improvement in global economy is estimated to escalate demand over the next few years. Growing need for better control of elevator traffic along with rapid urbanization in developing countries may catapult growth over the forecast period. The industry is poised for growth owing to rapid infrastructure development paired with the growing need for improved energy efficiency.

Widespread usage of smart elevator for vertical transportation of people across residential, industrial, commercial and institutional applications may fuel product demand significantly. High installation cost may hinder demand over the forecast period. However, global green infrastructure standards and statutory requirement is expected to instigate deployment in new structures. Technological advancements incorporating several new-age digital security system controls is further anticipated to propel smart elevator market demand over the coming years.

Further key findings from the study suggest:

New deployment solution segment accounted for over 40% of the overall revenue in 2014, and is expected to witness significant growth over the forecast period. This may be primarily attributed to rising infrastructure development in developing countries coupled with increasing replacement activities of aging existing products.
Modernization solution is estimated to capture a sizeable share owing to increasing government mandates to upgrade the existing elevator in accordance with the latest safety and security standards. Maintenance segment is also anticipated to exhibit high growth over the forecast period attributing to increasing maintenance of already installated devices particularly in mature markets of North America and Europe.
Residential smart elevator market accounted for more than 20% of the global share in 2014 which is expected to increase over the next few years owing to growing urbanization in emerging economies resulting in increasing construction activities.
North America accounted for over 40% of the global revenue in 2014. Already well-established infrastructure paired with early technology adopters in the region, which is expected to drive regional growth. Asia Pacific smart elevator market is estimated to exhibit rapid growth over the coming years owing to rapid infrastructure development in the region.
Key players in this industry include OTIS, Kone, Schneider Electric, ThyssenKrupp, Mitsubishi Electric Corporation, and Hitachi Ltd. Industry participants compete on the basis of provision of new product development and enhanced service and distribution capabilities.

 Table of Content

Chapter 1. Methodology and Scope 
                    1.1. Research Methodology 
                    1.2. Research Scope & Assumptions 
                    1.3. List of Data Sources 
Chapter 2. Executive Summary
                    2.1. Smart elevator - Industry snapshot & key buying criteria, 2012 - 2022
Chapter 3. Smart Elevator Industry Outlook
                    3.1. Market segmentation
                    3.2. Market size and growth prospects
                    3.3. Smart elevator value chain analysis
                    3.4. Smart elevator market dynamics
                       3.4.1. Market driver analysis
                            3.4.1.1. Growing demand for energy efficient solutions
                            3.4.1.2. Growing security needs
                            3.4.1.3. Rise in number of construction activities
                       3.4.2. Market restraint analysis
                            3.4.2.1. High investment requirements
                    3.5. Smart elevator key company analysis, 2014
                    3.6. Key opportunities prioritized
                    3.7. Industry analysis - Porter's
                    3.8. Smart elevator market PESTEL analysis, 2014
Chapter 4. Smart Elevator Solution Outlook 
                    4.1. New Deployment
                       4.1.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                       4.1.2. Elevator access control & security
                            4.1.2.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                       4.1.3. Elevator automation
                            4.1.3.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                    4.2. Modernization
                       4.2.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                    4.3. Maintenance
                       4.3.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
Chapter 5. Smart Elevator Application Outlook 
                    5.1. Residential
                       5.1.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                    5.2. Commercial
                       5.2.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                    5.3. Industrial
                       5.3.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                    5.4. Institutional
                       5.4.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
                    5.5. Others
                       5.5.1. Market estimates and forecasts by region, (USD Million), 2012 - 2022
Chapter 6. Smart Elevator Regional Outlook 
                    6.1. North America
                       6.1.1. North America market by solution, (USD Million), 2012 - 2022
                            6.1.1.1. North America market by new deployment, (USD Million), 2012 - 2022
                       6.1.2. North America market by application, (USD Million), 2012 - 2022
                    6.2. Europe 
                       6.2.1. Europe market by solution, (USD Million), 2012 - 2022
                            6.2.1.1. Europe market by new deployment, (USD Million), 2012 - 2022
                       6.2.2. Europe market by application, (USD Million), 2012 - 2022
                    6.3. Asia Pacific
                       6.3.1. Asia Pacific market by solution, (USD Million), 2012 - 2022
                            6.3.1.1. Asia Pacific market by new deployment, (USD Million), 2012 - 2022
                       6.3.2. Asia Pacific market by application, (USD Million), 2012 - 2022
                    6.4. RoW
                       6.4.1. RoW market by solution, (USD Million), 2012 - 2022
                            6.4.1.1. RoW market by new deployment, (USD Million), 2012 - 2022
                       6.4.2. RoW market by application, (USD Million), 2012 - 2022
Chapter 7. Competitive Landscape 
                    7.1. Bosch Security Systems
                       7.1.1. Company Overview
                       7.1.2. Financial Performance
                       7.1.3. Product Benchmarking
                       7.1.4. Strategic Initiatives
                    7.2. Fujitec
                       7.2.1. Company Overview
                       7.2.2. Financial Performance
                       7.2.3. Product Benchmarking
                       7.2.4. Strategic Initiatives
                    7.3. Hitachi Ltd.
                       7.3.1. Company Overview
                       7.3.2. Financial Performance
                       7.3.3. Product Benchmarking
                       7.3.4. Strategic Initiatives
                    7.4. Hyundai Elevator Co., Ltd.
                       7.4.1. Company Overview
                       7.4.2. Financial Performance
                       7.4.3. Product Benchmarking
                       7.4.4. Strategic Initiatives
                    7.5. Kone Elevator Co., Ltd.
                       7.5.1. Company Overview
                       7.5.2. Financial Performance
                       7.5.3. Product Benchmarking
                       7.5.4. Strategic Initiatives
                    7.6. Mitsubishi Electric Corporation
                       7.6.1. Company Overview
                       7.6.2. Financial Performance
                       7.6.3. Product Benchmarking
                       7.6.4. Strategic Initiatives
                    7.7. Otis Elevator Company
                       7.7.1. Company Overview
                       7.7.2. Financial Performance
                       7.7.3. Product Benchmarking
                       7.7.4. Strategic Initiatives
                    7.8. Schneider Electric
                       7.8.1. Company Overview
                       7.8.2. Financial Performance
                       7.8.3. Product Benchmarking
                       7.8.4. Strategic Initiatives
                    7.9. ThyssenKrupp Elevator
                       7.9.1. Company Overview
                       7.9.2. Financial Performance
                       7.9.3. Product Benchmarking
                       7.9.4. Strategic Initiatives

List of Tables

TABLE 1 Smart elevator - Industry snapshot & key buying criteria, 2012 - 2022
TABLE 2 Global smart elevator market 2012 - 2022 (USD Million)
TABLE 3 Global smart elevator market by region 2012 - 2022 (USD Million)
TABLE 4 Global smart elevator market by solution, 2012 - 2022 (USD Million)
TABLE 5 Global smart elevator market by new deployment, 2012 - 2022 (USD Million)
TABLE 6 Global smart elevator market by application, 2012 - 2022 (USD Million)
TABLE 7 Smart elevator - Key market driver impact
TABLE 8 Smart elevator - Key market restraint impact
TABLE 9 New deployment market 2012 - 2022 (USD Million)
TABLE 10 New deployment market by region 2012 - 2022 (USD Million)
TABLE 11 Elevator access control & security market 2012 - 2022 (USD Million)
TABLE 12 Elevator access control & security market by region 2012 - 2022 (USD Million)
TABLE 13 Elevator automation market 2012 - 2022 (USD Million)
TABLE 14 Elevator automation market by region 2012 - 2022 (USD Million)
TABLE 15 Elevator modernization market 2012 - 2022 (USD Million)
TABLE 16 Elevator modernization market by region 2012 - 2022 (USD Million)
TABLE 17 Elevator maintenance market 2012 - 2022 (USD Million)
TABLE 18 Elevator maintenance market by region 2012 - 2022 (USD Million)
TABLE 19 Residential smart elevator market 2012 - 2022 (USD Million)
TABLE 20 Residential smart elevator market by region 2012 - 2022 (USD Million)
TABLE 21 Commercial smart elevator market 2012 - 2022 (USD Million)
TABLE 22 Commercial smart elevator market by region 2012 - 2022 (USD Million)
TABLE 23 Industrial smart elevator market 2012 - 2022 (USD Million)
TABLE 24 Industrial smart elevator market by region 2012 - 2022 (USD Million)
TABLE 25 Institutional smart elevator market 2012 - 2022 (USD Million)
TABLE 26 Institutional smart elevator market by region 2012 - 2022 (USD Million)
TABLE 27 Other smart elevator market 2012 - 2022 (USD Million)
TABLE 28 Other smart elevator market by region 2012 - 2022 (USD Million)
TABLE 29 North America market by solution 2012 - 2022 (USD Million)
TABLE 30 North America market by new deployment 2012 - 2022 (USD Million)
TABLE 31 North America market by application 2012 - 2022 (USD Million)
TABLE 32 Europe market by solution 2012 - 2022 (USD Million)
TABLE 33 Europe market by new deployment 2012 - 2022 (USD Million)
TABLE 34 Europe market by application 2012 - 2022 (USD Million)
TABLE 35 Asia Pacific market by solution 2012 - 2022 (USD Million)
TABLE 36 Asia Pacific market by new deployment 2012 - 2022 (USD Million)
TABLE 37 Asia Pacific market by application 2012 - 2022 (USD Million)
TABLE 38 RoW market by solution 2012 - 2022 (USD Million)
TABLE 39 RoW market by new deployment 2012 - 2022 (USD Million)
TABLE 40 RoW market by application 2012 - 2022 (USD Million)