DUBLIN, May 17, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Smart Elevator Market by Component, Services, Application and Geography - Global Forecast to 2022" report to their offering.
The smart elevator market is expected to grow from USD 9.54 Billion in 2015 to USD 26.69 Billion by 2022. Over the last few years, the smart elevators gained industrial attention as all the leading elevator manufacturers have entered this market. With the growth of information communication technologies (ICT), it became easier for manufacturers to integrate their new installation, modernization, and maintenance services. On the other hand, the elevator manufacturers have collaborated with major ICT companies to integrate the modern communication technologies in their elevator systems. The launch of elevator systems integrated with techniques such as destination dispatch and personal occupancy requirement terminal (PORT) technology has revolutionized the overall elevator system.
Currently, the modernization of existing elevators dominates the overall market; however, in the coming years, the new installation services market is expected to lead the market. The estimated growth projection for new installations was made considering the growing markets such as APAC and RoW and supportive business environment for elevator companies. The growing urbanization and construction of new buildings also pave opportunities for the smart elevator market.
The commercial application dominated the market in 2015; however, the market for the residential application is expected to grow at the highest rate during the forecast period since the current trend is to automatize residential spaces, and smart elevators are a playing essential role in this.
- Eito&Global Inc.
- Fujitec Co., Ltd.
- Hitachi Ltd.
- Hyundai Elevator Co., Ltd.
- Kone Corporation
- Mitshubishi Electric Corporation
- Motion Control Engineering, Inc.
- OTIS Elevator Company
- Schindler Group
- Thames Valley Controls
- Thyssenkrupp AG
- Toshiba Elevators and Building Systems Corporation
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Market, By Component
8 Smart Elevator Market, By Application
9 Smart Elevator Market, By Service
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/bv2h4m/smart_elevator
Laura Wood, Senior Manager
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SOURCE Research and Markets