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Smart Elevator Automation System Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025

  • August 2015
  • -
  • Future Market Insight Global & Consulting Pvt Ltd
  • -
  • 133 pages

Report Synopsis

FMI study offers a 10-year forecast of the global smart elevator automation system market between 2015 and 2025. The market is expected to expand at a CAGR of 16.2% during the projected period. The study demonstrates the market dynamics and trends in all the seven regions, which are anticipated to influence the current nature and future status of the smart elevator automation system market over the forecast period.

Report Description

This Future Market Insights report examines the global smart elevator automation system market for the period 2015–2025. The primary objective of the report is to offer updates on the advancements in ICT and semiconductor systems that have given rise to a futuristic technology: the smart elevator automation system market, which is significantly transforming and improving vertical transportation service in high-rise buildings.

The “Smart Elevator Automation System” refers to the use of advanced technology to ensure energy efficient and proper traffic management of vertical moment in high-rise buildings. The smart elevator automation system has become a buzz word with increasing deployment of high-speed, energy efficient and advanced destination dispatch solutions, for providing users with enhanced vertical transportation services. Smart elevator system is termed as ‘smart’ because, apart from its routine use of vertical transportation, this system is also used as a security system with the latest digital security controls, such as biometrics and access control systems, destination dispatching and touch screen. Energy efficiency and automated features of these smart elevators make them more advanced than normal lifts.

In the next section, FMI covers the smart elevator automation system market performance in terms of the global smart elevator automation system market revenue split, since this is detrimental to the growth of the smart elevator automation system market. This section additionally includes FMI’s analyses of the key trends, drivers and restraints from the supply, economic and demand side, which are influencing the smart elevator automation system market. Impact analysis of the key growth drivers and restraints, based on the weighted average model, is also included in the smart elevator automation system market report to better equip and arm clients with crystal clear decision-making insights.

As highlighted earlier, the smart elevator automation system market is an aggregation of services (includes equipment installation services, repair & maintenance services and modernisation services), components (includes card readers, biometrics, touch screens and keypads, security and control systems, sensors, motors and automation systems and building management systems) and end-users (includes residential sector, commercial sector, hotels and others). All these segments are included in this section to make the study more comprehensive.

The next section of the report highlights the smart elevator automation system market adoption, by region. It provides a market outlook for 2015–2025 and sets the forecast within the context of the smart elevator automation system market ecosystem. This study discusses the key regional trends contributing to growth of the smart elevator automation system market on a worldwide basis, as well as analyses the degree at which the global drivers are influencing this market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan as a separate region and the Middle East and Africa.

All the above sections, by service, by end user, by component and by region, evaluate the present scenario and the growth prospects in the smart elevator automation system market for the period 2015 –2025. We have considered 2014 as the base year and provided data for the trailing 12 months.

To calculate the smart elevator automation system market size, we have considered revenue generated from the sale and adoption of smart elevator automation system solutions and services. The forecast presented here assesses the total revenue, by value, across the smart elevator automation system market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the smart elevator automation system market would develop in the future. Given the characteristics of the market, we triangulated the outcome of three different types of analyses, based on supply side, consumer spending and economic envelope. However, forecasting the market in terms of various smart elevator automation system segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalising them after the forecast has been completed.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse on the basis of key parameters, such as Year-on-Year (Y-o-Y) growth, to understand the predictability of the market and to identify the right opportunities in the smart elevator automation system market.

As previously highlighted, the smart elevator automation system market is split into a number of segments. All the smart elevator automation system market segments in terms of services, components, end users and regions are analysed on the basis of the Basis Point Share (BPS), in order to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for the identification of various key trends witnessed in the smart elevator automation system market.

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

Furthermore, to understand the key growth segments in terms of growth & adoption of smart elevator automation system solutions and services across regions, Future Market Insights developed the smart elevator automation system market attractiveness index. The resulting index should help providers identify the real market opportunities.

In the final section of the report, the competitive landscape of the smart elevator automation system market is included to provide report audiences with a dashboard view, based on categories of providers in the value chain, their presence in the smart elevator automation system’s product portfolio and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to the concerned market segment in the smart elevator automation system market’s value chain. The report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on in-depth assessment of their capabilities and success in the smart elevator automation system marketplace. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the smart elevator automation system space. Key competitors covered in the report are KONE Corporation, United Technologies Corporation, ThyssenKrupp Elevator AG, Tyco International Limited, Fujitec Co. Ltd., Mitsubishi Electric Corporation, Hitachi, Ltd., Schindler Group and Honeywell International Inc.

Key Segments Covered

By Smart Elevator Automation System Market
Installation Service
Repair & Maintenance Service
Modernisation Service

End Users
Residential Sector
Commercial Sector
Hotels
Others

Components
Card Reader
Biometric
Touch Screen and Keypad
Security and Control System
Sensors, Motors and Automation System
Building Management System

Key Regions/Countries Covered

North America
U.S.
Canada

Latin America
Argentina
Brazil
Mexico
Other

Western Europe
Germany
Italy
France
U.K.
Others

Eastern Europe
Poland
Russia

Asia-Pacific Excluding Japan (APEJ
China
India
ASEAN
Australia & New Zealand
Others

Middle East & Africa
GCC
North Africa
South Africa
Others

Key Companies

Kone Corporation
Otis Elevator Company
Schindler Group
ThyssenKrupp Elevator AG
Mitsubishi Electric Corporation
Fujitec Co. Ltd.
Tyco International Limited
Hitachi Ltd.
Honeywell International Inc.

Table Of Contents

Smart Elevator Automation System Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025
Table Of Content

1. Executive Summary

2. Research Methodology

3. Assumptions and Acronym Used

4. Global Smart Elevator Automation System Market Overview

4.1. Market Taxonomy

4.2. Evolution and History

4.3. Market Trends

5. Global Smart Elevator Automation System Market Analysis and Forecast

5.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, 2013 - 2025

5.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, 2013 -2025

6. Global Smart Elevator Automation System Market Dynamics

6.1. Drivers

6.1.1. Economic

6.1.2. Demand

6.2. Restraints

7. Global Smart Elevator Automation System Market Analysis and Forecast, By Service

7.1. Global Smart Elevator Automation System Market Share and BPS Analysis, By Service Type, 2014, 2020 and 2025

7.2. Installation Service

7.2.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Installation Service, 2013 - 2025

7.2.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Installation Service, 2013 - 2025

7.3. Repair and Maintenance Service

7.3.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Repair and Maintenance Service, 2013 - 2025

7.3.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Repair and Maintenance Service, 2013 - 2025

7.4. Modernization Service

7.4.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Modernization Service, 2013 - 2025

7.4.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Modernization Service, 2013 - 2025

7.5. Key Segment Trend

7.6. Global Smart Elevator Automation System Market Attractiveness By Service, 2025

8. Global Smart Elevator Automation System Market Analysis and Forecast, By Component

8.1. Global Smart Elevator Automation System Market Share and BPS Analysis, By Component Type, 2014, 2020 and 2025

8.2. Card Reader

8.2.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Card Reader, 2013 - 2025

8.2.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Card Reader, 2013 - 2025

8.3. Biometric

8.3.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Biometric, 2013 - 2025

8.3.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Biometric, 2013 - 2025

8.4. Touch Screen and Keypad

8.4.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Touch Screen and Keypad, 2013 - 2025

8.4.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Touch Screen and Keypad, 2013 - 2025

8.5. Security and Control System

8.5.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Security and Control System, 2013 - 2025

8.5.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Security and Control System, 2013 - 2025

8.6. Sensors, Motors and Automation System

8.6.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Sensors, Motors and Automation System, 2013 - 2025

8.6.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Sensors, Motors and Automation System, 2013 - 2025

8.7. Building Management System

8.7.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Building Management System, 2013 - 2025

8.7.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Building Management System, 2013 - 2025

8.8. Key Segment Trend

8.9. Global Smart Elevator Automation System Market Attractiveness By Component, 2025

9. Global Smart Elevator Automation System Market Analysis and Forecast, By End User

9.1. Global Smart Elevator Automation System Market Share and BPS Analysis, By End User, 2014, 2020 and 2025

9.2. Residential Sector

9.2.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Residential Sector, 2013 - 2025

9.2.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Residential Sector, 2013 - 2025

9.3. Commercial Sector

9.3.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Commercial Sector, 2013 - 2025

9.3.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Commercial Sector, 2013 - 2025

9.4. Hotel

9.4.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Hotel, 2013 - 2025

9.4.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Hotel, 2013 - 2025

9.5. Other

9.5.1. Global Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth, By Other, 2013 - 2025

9.5.2. Global Smart Elevator Automation System Market Absolute $ Opportunity, By Other, 2013 - 2025

9.6. Key Regional Segment Trend

9.7. Global Smart Elevator Automation System Market Attractiveness By End User, 2013 - 2025

10. Global Smart Elevator Automation System Market Analysis and Forecast, By Region

10.1. Basis Point Share (BPS) Analysis, By Country

10.2. Global Smart Elevator Automation System Market Analysis and Forecast, By Region

10.3. Regional Key Trends

11. North America Smart Elevator Automation System Market Analysis and Forecast

11.1. North America Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth Projections, 2013 - 2025

11.2. North America Smart Elevator Automation System Market Absolute $ Opportunity, 2013 - 2025

11.3. North America Smart Elevator Automation System Market Forecast, By Country

11.3.1. U.S. Value Forecast and Absolute $ Opportunity

11.3.2. Canada Value Forecast and Absolute $ Opportunity

11.4. North America Smart Elevator Automation System Market Forecast, By Service

11.4.1. Installation Service Value Forecast and Absolute $ Opportunity

11.4.2. Repair and Maintenance Service Value Forecast and Absolute $ Opportunity

11.4.3. Modernization Service Value Forecast and Absolute $ Opportunity

11.5. North America Smart Elevator Automation System Market Forecast, By End User

11.5.1. Residential sector Value Forecast and Absolute $ Opportunity

11.5.2. Commercial Sector Value Forecast and Absolute $ Opportunity

11.5.3. Hotel Value Forecast and Absolute $ Opportunity

11.5.4. Other Value Forecast and Absolute $ Opportunity

11.6. North America Smart Elevator Automation System Market - Driver Impact Analysis

11.7. North America Smart Elevator Automation System Market - Restraint Impact Analysis

12. Latin America Smart Elevator Automation System Market Analysis and Forecast

12.1. Latin America Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth Projections, 2013 - 2025

12.2. Latin America Smart Elevator Automation System Market Absolute $ Opportunity, 2013 - 2025

12.3. Latin America Smart Elevator Automation System Market Forecast, By Country

12.3.1. Argentina Value Forecast and Absolute $ Opportunity

12.3.2. Mexico Value Forecast and Absolute $ Opportunity

12.3.3. Brazil Value Forecast and Absolute $ Opportunity

12.3.4. Rest of LATAM Value Forecast and Absolute $ Opportunity

12.4. Latin America Smart Elevator Automation System Market Forecast, By Service

12.4.1. Installation Service Value Forecast and Absolute $ Opportunity

12.4.2. Repair and Maintenance Service Value Forecast and Absolute $ Opportunity

12.4.3. Modernization Service Value Forecast and Absolute $ Opportunity

12.5. Latin America Smart Elevator Automation System Market Forecast, By End User

12.5.1. Residential sector Value Forecast and Absolute $ Opportunity

12.5.2. Commercial Sector Value Forecast and Absolute $ Opportunity

12.5.3. Hotel Value Forecast and Absolute $ Opportunity

12.5.4. Other Value Forecast and Absolute $ Opportunity

12.6. Latin America Smart Elevator Automation System Market - Driver Impact Analysis

12.7. Latin America Smart Elevator Automation System Market - Restraint Impact Analysis

13. Western Europe Smart Elevator Automation System Market Analysis and Forecast

13.1. Western Europe Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth Projections, 2013 - 2025

13.2. Western Europe Smart Elevator Automation System Market Absolute $ Opportunity, 2013 - 2025

13.3. Western Europe Smart Elevator Automation System Market Forecast, By Country

13.3.1. Germany Value Forecast and Absolute $ Opportunity

13.3.2. France Value Forecast and Absolute $ Opportunity

13.3.3. U.K. Value Forecast and Absolute $ Opportunity

13.3.4. Italy Value Forecast and Absolute $ Opportunity

13.3.5. Rest of Western Europe Value Forecast and Absolute $ Opportunity

13.4. Western Europe Smart Elevator Automation System Market Forecast, By Service

13.4.1. Installation Service Value Forecast and Absolute $ Opportunity

13.4.2. Repair and Maintenance Service Value Forecast and Absolute $ Opportunity

13.4.3. Modernization Service Value Forecast and Absolute $ Opportunity

13.5. Western Europe Smart Elevator Automation System Market Forecast, By End User

13.5.1. Residential sector Value Forecast and Absolute $ Opportunity

13.5.2. Commercial Sector Value Forecast and Absolute $ Opportunity

13.5.3. Hotel Value Forecast and Absolute $ Opportunity

13.5.4. Other Value Forecast and Absolute $ Opportunity

13.6. Western Europe Smart Elevator Automation System Market - Driver Impact Analysis

13.7. Western Europe Smart Elevator Automation System Market - Restraint Impact Analysis

14. Eastern Europe Smart Elevator Automation System Market Analysis and Forecast

14.1. Eastern Europe Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth Projections, 2013 - 2025

14.2. Eastern Europe Smart Elevator Automation System Market Absolute $ Opportunity, 2013 - 2025

14.3. Eastern Europe Smart Elevator Automation System Market Forecast, By Country

14.3.1. Russia Value Forecast and Absolute $ Opportunity

14.3.2. Poland Value Forecast and Absolute $ Opportunity

14.4. Eastern Europe Smart Elevator Automation System Market Forecast, By Service

14.4.1. Installation Service Value Forecast and Absolute $ Opportunity

14.4.2. Repair and Maintenance Service Value Forecast and Absolute $ Opportunity

14.4.3. Modernization Service Value Forecast and Absolute $ Opportunity

14.5. Eastern Europe Smart Elevator Automation System Market Forecast, By End User

14.5.1. Residential sector Value Forecast and Absolute $ Opportunity

14.5.2. Commercial Sector Value Forecast and Absolute $ Opportunity

14.5.3. Hotel Value Forecast and Absolute $ Opportunity

14.5.4. Other Value Forecast and Absolute $ Opportunity

14.6. Eastern Europe Smart Elevator Automation System Market - Driver Impact Analysis

14.7. Eastern Europe Smart Elevator Automation System Market - Restraint Impact Analysis

15. Asia Pacific excluding Japan (APEJ) Smart Elevator Automation System Market Analysis and Forecast

15.1. APEJ Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth Projections, 2013 - 2025

15.2. APEJ Smart Elevator Automation System Market Absolute $ Opportunity, 2013 - 2025

15.3. APEJ Smart Elevator Automation System Market Forecast, By Country

15.3.1. China Value Forecast and Absolute $ Opportunity

15.3.2. India Value Forecast and Absolute $ Opportunity

15.3.3. ASEAN Value Forecast and Absolute $ Opportunity

15.3.4. Australia and New Zealand Value Forecast and Absolute $ Opportunity

15.3.5. Rest of APEJ Value Forecast and Absolute $ Opportunity

15.4. APEJ Smart Elevator Automation System Market Forecast, By Service

15.4.1. Installation Service Value Forecast and Absolute $ Opportunity

15.4.2. Repair and Maintenance Service Value Forecast and Absolute $ Opportunity

15.4.3. Modernization Service Value Forecast and Absolute $ Opportunity

15.5. APEJ Smart Elevator Automation System Market Forecast, By End User

15.5.1. Residential sector Value Forecast and Absolute $ Opportunity

15.5.2. Commercial Sector Value Forecast and Absolute $ Opportunity

15.5.3. Hotel Value Forecast and Absolute $ Opportunity

15.5.4. Other Value Forecast and Absolute $ Opportunity

15.6. APEJ Smart Elevator Automation System Market - Driver Impact Analysis

15.7. APEJ Smart Elevator Automation System Market - Restraint Impact Analysis

16. Japan Smart Elevator Automation System Market Analysis and Forecast

16.1. Japan Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth Projections, 2013 - 2025

16.2. Japan Smart Elevator Automation System Market Absolute $ Opportunity, 2013 - 2025

16.3. Japan Smart Elevator Automation System Market Forecast, By Service

16.3.1. Installation Service Value Forecast and Absolute $ Opportunity

16.3.2. Repair and Maintenance Service Value Forecast and Absolute $ Opportunity

16.3.3. Modernization Service Value Forecast and Absolute $ Opportunity

16.4. Japan Smart Elevator Automation System Market Forecast, By End User

16.4.1. Residential sector Value Forecast and Absolute $ Opportunity

16.4.2. Commercial Sector Value Forecast and Absolute $ Opportunity

16.4.3. Hotel Value Forecast and Absolute $ Opportunity

16.4.4. Other Value Forecast and Absolute $ Opportunity

16.5. Japan Smart Elevator Automation System Market - Driver Impact Analysis

16.6. Japan Smart Elevator Automation System Market - Restraint Impact Analysis

17. MEA Smart Elevator Automation System Market Analysis and Forecast

17.1. MEA Smart Elevator Automation System Market Value Forecast and Y-o-Y Growth Projections, 2013 - 2025

17.2. MEA Smart Elevator Automation System Market Absolute $ Opportunity, 2013 - 2025

17.3. MEA Smart Elevator Automation System Market Forecast, By Country

17.3.1. GCC Value Forecast and Absolute $ Opportunity

17.3.2. N. Africa Value Forecast and Absolute $ Opportunity

17.3.3. S. Africa Value Forecast and Absolute $ Opportunity

17.3.4. Rest of MEA Value Forecast and Absolute $ Opportunity

17.4. MEA Smart Elevator Automation System Market Forecast, By Service

17.4.1. Installation Service Value Forecast and Absolute $ Opportunity

17.4.2. Repair and Maintenance Service Value Forecast and Absolute $ Opportunity

17.4.3. Modernization Service Value Forecast and Absolute $ Opportunity

17.5. MEA Smart Elevator Automation System Market Forecast, By End User

17.5.1. Residential sector Value Forecast and Absolute $ Opportunity

17.5.2. Commercial Sector Value Forecast and Absolute $ Opportunity

17.5.3. Hotel Value Forecast and Absolute $ Opportunity

17.5.4. Other Value Forecast and Absolute $ Opportunity

17.6. MEA Smart Elevator Automation System Market - Driver Impact Analysis

17.7. MEA Smart Elevator Automation System Market - Restraint Impact Analysis

18. Global Smart Elevator Automation System Market Competition Landscape

18.1. Competition Dashboard

18.2. Company Profiles

18.2.1. Fujitec Co.Ltd.

18.2.1.1. Company Overview

18.2.1.2. Regional Revenue

18.2.1.3. Segment Description

18.2.1.4. Product Offerings

18.2.1.5. Strategy

18.2.1.6. Key Developments

18.2.2. Mitsubishi Electric Corporation

18.2.2.1. Company Overview

18.2.2.2. Regional Revenue

18.2.2.3. Segment Revenue

18.2.2.4. Segment Description

18.2.2.5. Product Offerings

18.2.2.6. Strategy

18.2.2.7. Key Developments

18.2.3. Hitachi Ltd.

18.2.3.1. Company Overview

18.2.3.2. Regional Revenue

18.2.3.3. Segment Revenue

18.2.3.4. Segment Description

18.2.3.5. Product Offerings

18.2.3.6. Strategy

18.2.3.7. Key Developments

18.2.4. Kone Corporation

18.2.4.1. Company Overview

18.2.4.2. Regional Revenue

18.2.4.3. Segment Revenue

18.2.4.4. Segment Description

18.2.4.5. Product Offerings

18.2.4.6. Strategy

18.2.4.7. Key Developments

18.2.5. Otis Elevator Company

18.2.5.1. Company Overview

18.2.5.2. Product Offerings

18.2.5.3. Strategy

18.2.5.4. Key Developments

18.2.6. ThyssenKrupp Elevator AG

18.2.6.1. Company Overview

18.2.6.2. Regional Revenue

18.2.6.3. Segment Revenue

18.2.6.4. Segment Description

18.2.6.5. Product Offerings

18.2.6.6. Strategy

18.2.6.7. Key Developments

18.2.7. Schindler Group

18.2.7.1. Company Overview

18.2.7.2. Product Offerings

18.2.7.3. Strategy

18.2.7.4. Key Developments

18.2.8. Tyco International Limited

18.2.8.1. Company Overview

18.2.8.2. Regional Revenue

18.2.8.3. Segment Revenue

18.2.8.4. Segment Description

18.2.8.5. Product Offerings

18.2.8.6. Strategy

18.2.8.7. Key Developments

18.2.9. Honeywell International Inc.

18.2.9.1. Company Overview

18.2.9.2. Regional Revenue

18.2.9.3. Segment Revenue

18.2.9.4. Segment Description

18.2.9.5. Product Offerings

18.2.9.6. Strategy

18.2.9.7. Key Developments

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