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Elevator Automation Market to 2025 - Global Analysis and Forecast by Services, Products and Applications

Publication Month: Jul 2018 | No. of Pages: 150 | Report Code: TIPTE100000125 | Category: Electronics and Semiconductor | Status: Upcoming
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  • Automated elevators make use of advance technology for enhancing efficiency, achieving proper vertical movement of elevators and enhancing traffic management. Smart elevator help to achieve increased energy efficiency and advanced destination dispatch solution. These systems further provide latest digital security measure (such as access control systems), and touch screens. Embedded with automated features, automated elevators have more benefits over the traditional lifts.

    These elevators come with pre-fitted automated features that significantly contribute in reduction of waiting time, hence fueling the global elevator automation market. The growing need for energy efficient elevators for conservation of energy wasted during operations has led to implementation of automated elevators. Furthermore, increasing concern for development and security of the constructed (residential, commercial & institutional) premises has fueled the demand for the elevator automation market globally. Additionally, rapid urbanization and increased expenditure on constructional projects has triggered the need of automated elevators and associated control systems.

    The major factor hindering the global elevator automation market is high manufacturing cost of automated elevators. Additionally, the huge installation cost of automated elevators into buildings restraint the growth of global elevator automation market. Due to above mentioned reasons, the adoption rate of automated elevators is very low and it is expected the impact of this factor will subside during the forecast period.

    Furthermore, owing to the rapid advancement in computer and automation technology, the concept of smart elevators is expected to be soon casted into products (smart automated elevators), thereby anticipated to boost the global elevator automation market. Security being the main concern to propel the demand for more advanced and sophisticated elevators, thus, smart elevators are deployed at entry point systems to prevent unauthorized access and tailgating. They also provide adequate safeguards through various identification and validation techniques. Moreover, energy efficiency and centralized controls are expected to be key factors for the adoption of smart elevators. The regulations and standards made regarding increased efficiency and energy conservation are expected to add to the growth of the global elevator automation market.

    The global elevator automation market has been segmented based on services into installation services, repair & maintenance services, and modernization services. Additionally, the global elevator automation market is fragmented on the basis of products such as elevator access controls & security, automation and controls, biometrics, touchscreens and keypads, card reader, security controls, sensors, and elevator modernization. In addition, the global elevator automation market is segmented based on applications which includes residential sector, commercial sector, industrial sector, institutional sector, and infrastructure sector.

    Geographically, the global elevator automation market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). Currently, developed regions such as North America and Europe aiming for better infrastructure and launch of technologically advanced products are leading the global elevator automation market. Owing to large number of potential users, the elevator automation market in APAC is expected to grow significantly during the forecast period. The key players of global elevator automation market includes KONE Corporation, Hitachi, Ltd., Bosch Security Systems, Fujitec, Thyssenkrupp AG, Mitsubishi Electric Corporation, Hyundai Elevator Co., Ltd., Otis Elevator Company, Schindler, Honeywell International Inc., and Tyco among others.

    1 Table of Contents
    1.1 List of Tables
    1.2 List of Figures

    2 Introduction
    2.1 TIP Research Report Guidance

    3 Key Takeaways

    4 Elevator Automation Market Landscape
    4.1 Overview
    4.2 Definitions
    4.3 Value Chain Analysis

    5 Elevator Automation Market - Key Industry Dynamics
    5.1 Key Market Drivers
    5.2 Key Market Restraints
    5.3 Key Market Opportunities
    5.4 Future Trends

    6 Elevator Automation Market - Five Forces Analysis
    6.1 Overview
    6.2 Global Elevator Automation Market - Five Forces Analysis

    7 Global Elevator Automation Market Analysis
    7.1 Global Sales Revenue and Forecasts to 2025
    7.2 Global Elevator Automation Market, Competitive Landscape
    7.2.1 Market Share or Market Positioning of Key Players, 2014

    8 Global Elevator Automation Market Revenue and Forecasts to 2025 - Services
    8.1 Overview
    8.1.1 Segment Share (%), 2014 & 2025
    8.2 Installation Services
    8.3 Repair & Maintenance Services
    8.4 Modernization Services

    9 Global Elevator Automation Market Revenue and Forecasts to 2025 - Products
    9.1 Overview
    9.1.1 Segment Share (%), 2014 & 2025
    9.2 Elevator Access Controls & Security
    9.3 Automation and Controls
    9.4 Biometrics
    9.5 Touchscreens and Keypads
    9.6 Card Reader
    9.7 Security Controls
    9.8 Sensors
    9.9 Elevator Modernization

    10 Global Elevator Automation Market Revenue and Forecasts to 2025 - Applications
    10.1 Overview
    10.1.1 Segment Share (%), 2014 & 2025
    10.2 Residential Sector
    10.3 Commercial Sector
    10.4 Industrial Sector
    10.5 Institutional Sector
    10.6 Infrastructure Sector

    11 Global Elevator Automation Market Revenue and Forecasts to 2025 - Geographical Analysis
    11.1 Overview
    11.1.1 Segment Share (%), 2014 & 2025
    11.2 North America
    11.2.1 U.S.
    11.2.2 Canada
    11.2.3 Mexico
    11.3 Europe
    11.3.1 France
    11.3.2 Germany
    11.3.3 Italy
    11.3.4 Spain
    11.3.5 UK
    11.3.6 Rest of Europe
    11.4 Asia Pacific (APAC)
    11.4.1 Japan
    11.4.2 China
    11.4.3 India
    11.4.4 Australia
    11.4.5 Rest of APAC
    11.5 Middle East & Africa (MEA)
    11.5.1 Saudi Arabia
    11.5.2 UAE
    11.5.3 South Africa
    11.5.4 Rest of MEA
    11.6 South America (SAM)
    11.6.1 Brazil
    11.6.2 Rest of SAM

    12 Global Elevator Automation Market, Key Company Profiles
    12.1 KONE Corporation
    12.1.1 Key Facts
    12.1.2 Business Description
    12.1.3 Financial Overview
    12.1.4 SWOT Analysis
    12.1.5 Key Developments
    12.2 Hitachi, Ltd.
    12.2.1 Key Facts
    12.2.2 Business Description
    12.2.3 Financial Overview
    12.2.4 SWOT Analysis
    12.2.5 Key Developments
    12.3 Bosch Security Systems
    12.3.1 Key Facts
    12.3.2 Business Description
    12.3.3 Financial Overview
    12.3.4 SWOT Analysis
    12.3.5 Key Developments
    12.4 Fujitec
    12.4.1 Key Facts
    12.4.2 Business Description
    12.4.3 Financial Overview
    12.4.4 SWOT Analysis
    12.4.5 Key Developments
    12.5 Thyssenkrupp AG
    12.5.1 Key Facts
    12.5.2 Business Description
    12.5.3 Financial Overview
    12.5.4 SWOT Analysis
    12.5.5 Key Developments
    12.6 Mitsubishi Electric Corporation
    12.6.1 Key Facts
    12.6.2 Business Description
    12.6.3 Financial Overview
    12.6.4 SWOT Analysis
    12.6.5 Key Developments
    12.7 Hyundai Elevator Co., Ltd.
    12.7.1 Key Facts
    12.7.2 Business Description
    12.7.3 Financial Overview
    12.7.4 SWOT Analysis
    12.7.5 Key Developments
    12.8 Otis Elevator Company
    12.8.1 Key Facts
    12.8.2 Business Description
    12.8.3 Financial Overview
    12.8.4 SWOT Analysis
    12.8.5 Key Developments
    12.9 Schindler
    12.9.1 Key Facts
    12.9.2 Business Description
    12.9.3 Financial Overview
    12.9.4 SWOT Analysis
    12.9.5 Key Developments
    12.10 Honeywell International Inc.
    12.10.1 Key Facts
    12.10.2 Business Description
    12.10.3 Financial Overview
    12.10.4 SWOT Analysis
    12.10.5 Key Developments
    12.11 Tyco
    12.11.1 Key Facts
    12.11.2 Business Description
    12.11.3 Financial Overview
    12.11.4 SWOT Analysis
    12.11.5 Key Developments
    13 Appendix
    13.1 About TIP
    13.2 Glossary of Terms
    13.3 Methodology
    13.3.1 Coverage
    13.3.2 Secondary Research
    13.3.3 Primary Research
    13.4 Contact Us
    13.5 Disclaimer

    Companies Mentioned

    - KONE Corporation
    - Hitachi, Ltd.
    - Bosch Security Systems
    - Fujitec
    - Thyssenkrupp AG
    - Mitsubishi Electric Corporation
    - Hyundai Elevator Co., Ltd.
    - Otis Elevator Company
    - Schindler
    - Honeywell International Inc.
    - Tyco