Smart Elevator Automation System Market: Report Synopsis

Future Market Insights offers a 10-year forecast for the global smart elevator automation system market between 2017 and 2027. In terms of value, the smart elevator automation system market is expected to register a double-digit CAGR during the forecast period. This study demonstrates the dynamics of the smart elevator automation system market and trends globally across seven regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA), which influence the current nature and future status of the smart elevator automation system market over the forecast period.

Smart Elevator Automation System Market: Report Description

The report provides a detailed analysis of the smart elevator automation system market and offers insights about various factors driving the popularity of the smart elevator automation system and its advantages.

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The report includes an extensive analysis of the key industry drivers, challenges, market trends and market structure. The study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business of the smart elevator automation system market. The report segregates the market based on service, component, end users, and regions globally.

The smart elevator automation system market is expected to witness significant value growth during the forecast period owing to the advancement and innovation of technology and changing building infrastructure. The report starts with an overview of the smart elevator automation system market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the smart elevator automation system market.

By service, the smart elevator automation system market is further segmented into installation service, repair & maintenance service, and modernization service. On the basis of component, the smart elevator automation system market is further segmented into card reader, biometric, touch screen and keypad, security and control system, sensors, motors and automation system, and building management system. By end users, the smart elevator automation system is further segmented into residential sector, commercial sector, hotels, and others.

In terms of value, the modernization services sub-segment is expected to represent an absolute $ value opportunity of US$ 9,922.3 Mn for the overall smart elevator automation system market between 2017 and 2027. However, the installation services sub-segment is expected to capture a large share in the smart elevator automation system market due to the significant rise in construction of high-rise buildings.

The next section comprises a detailed analysis of the smart elevator automation system market across various countries in the region. It provides a market outlook for 20172027 and sets the forecast within the context of the smart elevator automation system market, which includes latest technological developments as well as offerings in the smart elevator automation system market. This study discusses the key trends within countries contributing to the growth of the market, as well as analyses the degrees at which drivers are influencing this market in each region.

The key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Western Europe (EU-5 Countries, BENELUX, NORDIC and Rest of Western Europe), Eastern Europe (Russia, Poland, Rest of Eastern Europe), Japan, APEJ (China, India, ASEAN Countries, Australia & New Zealand, and Rest of APEJ), and Middle East & Africa (GCC Countries, South Africa, Israel, Turkey, Iran, Rest of MEA).

Smart Elevator Automation System Market: Research Methodology

The report evaluates the present scenario and the growth prospects of the smart elevator automation system market across various regions globally for the period 2017 2027. We have considered 2016 as the base year and provided data for the remaining 12 months. To offer an accurate forecast, we started by sizing the current market, which forms the basis of how the smart elevator automation system market will grow in the future. Given the characteristics of the market, we have triangulated the outcome of different types of analysis based on technology trends.

As previously highlighted, the global smart elevator automation system market is split into a number of segments. All the segments in terms of service, component, end user, and regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed level of information is important for the identification of various key trends in the global smart elevator automation system market.

In addition, another key feature of this report of smart elevator automation system market is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global smart elevator automation system market.

Smart Elevator Automation System Market: Competitive Structure

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on categories of providers in the value chain, their presence in the smart elevator automation system market and the key differentiators. This section is primarily designed to provide clients an objective and detailed comparative assessment of the key providers specific to a market segment in the smart elevator automation system supply chain and the potential players for the same. Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings and recent developments in the smart elevator automation system market. Examples of some of the key competitors covered in the report are Fujitec, Mitsubishi, Hitachi, Kone Corporation, Otis Elevator, Schindler, ThyssenKrupp Elevator, Tyco International, and Honeywell.

Key Segments Covered

By Service

By Component

By End-user

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Key Regions Covered

Key Companies

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Smart Elevator Automation System Market Forecast Revised in a New FMI Report as COVID-19 Projected to Hold a Massive Impact on Sales in 2025 - Cole of...