Concise Analysis of the International Elevator Automation Market Report to 2018

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Jan 29, 2014, 03:00 ET

DUBLIN, January 29, 2014 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/nnshgw/elevator) has announced the addition of the "Concise Analysis of the International Elevator Automation Market Report to 2018" report to their offering.

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The increasing trend of high rise building is leading to the growth in the elevators market, as the best means of vertical transport is an elevator. Integration of access controls in elevators to address the security allows the administrator to not only take control over the access of unauthorized person but also to manage the efficient flow of people in elevator car. It also helps individuals to reach their respective floors safely and take preventive step in case of any breach.

Demand for energy efficient solutions, enhanced security, and demand for improving the standards of the individuals have resulted in the development of the elevator automation and modernization market. Energy efficiency and centralized controls are the driving factors in elevator automation. Better controls, higher speed, and reduction in operating cost need special attention with respect to the various components in elevators such as sensors, motors, lighting, door access, operating panels, and mechanical system. Utmost consideration needs to be given while integrating with the other security measures such as fire, alarm, and surveillance as the safety of the individual is on stake.

Modernization is upgrading or replacing elevator control system, panel, relay, motor and drive, cabin with new technologies. It will enhance the elevator-life, save energy, ensuring the comfortable and safe ride for commuters and improved usability for people. The system is integrated with control system; ensuring optimum data flow amongst the other components. As such, direct response helps in shorter waits and longer handling capacity. Modernization market is currently at high growth stage of the industry life cycle and is expected to continue with this growth till 2018. The major players in this industry include Kone Corporation (Finland), Otis Elevator (U.S.), Schindler (Switzerland), ThyssenKrupp (Germany), and others.

This report describes the elevator access controls and security, automation and modernization. Elevator access controls and security market; which is further segmented into card based, biometric based, keypad and touch based, surveillance system, intruder alarm, and visitor management system. Elevator automation includes sensor and controllers, motors and drives, building management system. Operating panels, electronic equipment, and landing system are covered under elevator modernization market.

Report is segmented by applications into commercial, residential, institutional, and industrial. Commercial application includes office, lodging, healthcare, financial institution, retail, warehouse manufacturing. Institutional buildings include education, and government buildings.

This report describes the market dynamics of smart elevators market, which comprises drivers, restraints along with their impact analysis matrix. Impact analysis matrix depicts the impact of particular driver and restraint on the market at present as well as in future.

Key Topics Covered:

1 Introduction

2 Executive Summary

3 Market Overview

4 Products Market

5 Applications Market

6 Geography Analysis

7 Competitive Landscape

8 Company Profiles

Companies Mentioned: