Meticulous Research® – a leading global market research company published a research report titled “Smart Elevator Market by Offering (Solution [Control System {Security Control, Elevator Control, Access Control}, Maintenance System, Communication System], Services [New Installation, Modernization, Maintenance]), and End Use – Global Forecast to 2028”.
According to this latest publication from Meticulous Research®, the global smart elevators market is expected to reach $31.77 billion by 2028, growing at a CAGR of 11.4% during the forecast period. The smart elevators market is witnessing growth due to the growing adoption of intelligent building solutions, advanced security, increased construction of high-rise buildings, growing demand for reducing energy consumption solutions, growing number of smart cities, and need for energy efficiency tools. Growing demand for energy-efficient building solutions drives the smart elevators market. This vertical transportation solution reduces waiting and traveling time, integrates access control, and provides better traffic control management. However, the deployment of smart components in existing elevators and security risks associated with smart elevator systems are challenges for the smart elevators market.
The key players operating in the global smart elevators market are Hitachi, Ltd. (Japan), TK Elevator Corporation (U.S.), Schindler Group (Switzerland), Otis Worldwide Corporation (U.S.), KONE Corporation (Finland), Mitsubishi Electric Corporation (Japan), Fujitec Co., Ltd.(Japan), Hyundai Elevator Co., Ltd. (South Korea), Honeywell International, Inc. (U.S.), Toshiba Corporation (Japan), Bosch Group (Germany), Huawei Technologies Co., Ltd. (China), Thames Valley Controls Ltd (U.K.), Motion Control Engineering Inc. (U.S.), and Sigma Elevator Company (South Korea).
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Key questions answered in the report:
- Which are the high-growth market segments in terms of offering, end use, and region/countries?
- What was the historical market for smart elevators across the globe?
- What are the market forecasts and estimates for the period 2021–2028 in terms of revenue?
- What are the major drivers, restraints, and opportunities in the global smart elevators market?
- Who are the major players in the smart elevators market?
- How is the competitive landscape, and who are the market leaders in the global smart elevators market?
- What are the recent developments in the global smart elevators market?
- What are the different strategies adopted by the major players in the global smart elevators market?
- What are the geographical trends and high growth regions/countries?\
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