openPR Logo
Press release

Smart Elevator Market Trends Growth Forecast Research 2017-2024

06-01-2018 09:25 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Smart Elevator Market size is anticipated to grow significantly over the future owing to the rising usage of wireless technology, urbanization, growing demand for energy efficient solutions and improved security concerns. The transformation of the elevator systems in developed countries such as UK, France, Canada and U.S. has been a major contributor to the smart elevator market size.

Government regulations & standards for global green infrastructure, reduction in the operational cost and automation are instrumental in driving the adoption of smart elevators across the globe. Increase in concerns related to safety and advances towards integration of access controls will further contributes towards the smart elevator market share.

Advances in the digital control systems such as biometrics, card based systems, touch screens, keypads and iris recognition offers huge growth opportunities to the smart elevator market growth. Security measures are being taken players across the residential and commercial segment to protect their residents, employees or customers thus making security the main feature of any building. Digital control systems provide strict security to the buildings thereby positively affecting the smart elevator market.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1593

Smart elevators provide crowd management efficiency by reducing the waiting time, and by utilizing automation. The main demand for the smart elevator market is witnessed across several applications such as commercial, industrial, and residential. The commercial segment is currently dominating the market, which is due to the increasing need to reduce the waiting time of business customers to access the elevators for an emergency.

The incorporation of entry control systems and elevator dispatching technology which is helping to minimize the waiting time and manage the crowd flow. Smart elevators are playing a vital role in the residential segment which is predicted to grow at a high rate over the over the future as the current drift is to automatize sub-urban buildings. The usage of smart elevators in institutional buildings is predicted to grow speedily over the forecast period.

Smart elevator market is segmented by services into maintenance & support, and installation. Installation service segment is projected to grow during the forecast timeframe, which is due to the increasing demand for the entry control systems and innovative security automation solutions. Moreover, improving infrastructure across the globe is instigating the emerging countries to install advance technologies offering growth opportunities to the smart elevator market.

Rising global population has created a tremendous demand for energy, thus increasing the energy consumption rate. This has encouraged businesses and companies to invest in the smart elevator market. The demand for the technology is shifting from traditional hydraulic elevators, as it consumes less energy and save time. High initial investment for installation of smart elevators would hinder the market growth over the future.

North America smart elevator market have witnessed the significant market share in 2016. This growth can be credited to the improved global economy and rising demand for energy efficient solutions and systems. The stringent government regulations across the region has driven the adoption of smart elevators. Due to the high infiltration of ICT technologies and the presence of supportive infrastructure, the U.S. is the major contributor in the global smart elevator market.

Asia Pacific smart elevator market is observing the substantial growth owing to the improving construction industry in the countries such as India and China encouraging huge demand for smart elevator systems. The economic transformation and support from the government are the major drivers contributing to the regional growth. Moreover, the presence of most populated countries in this region such as China & India and rapid development are likely to pave new growth avenues for construction companies. Markets in countries such as South Africa, Russia, and Brazil are also anticipated to have tremendous growth in the construction segment which will drive the smart elevator market.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1593

Industry players in the smart elevator market includes Schneider Electric, Siemens AG, ThyssenKrupp Elevator, Mitsubishi Electric, Hyundai Elevator, Keyscan, Johnson Controls, Hitachi, Cisco Systems, Bosch Security Systems, Otis Elevator, Ingersoll-Rand Plc, KONE Corporation, and Honeywell International. Manufacturers in the industry are offering customized solutions and systems as per the exclusive requirements of the customers to provide space, comfort, hygiene, security and reliability.

In 2016, Schneider Electric entered an agreement with GE to use its Predix Platform. The platform will improve its competences to analyze, monitor and leverage data which is produced from its elevators and PORT technology. The PORT is smart elevator destination dispatch technology developed by Schneider Electric which has been used for the modernization and installation of elevators in buildings.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart Elevator Market Trends Growth Forecast Research 2017-2024 here

News-ID: 1068103 • Views:

More Releases from Global Market Insights, Inc.

Rare Sugar Market Top 3 Trends, Covid-19 Outbreak, Factors Driving, Threats, Cha …
Rising awareness regarding health & fitness and the subsequent shift in consumer trends towards low-calorie sweeteners will boost rare sugar market share over the forecast spell. Recent years have marked a steady rise in the prevalence of cardiovascular ailments, diabetes, and obesity, among other chronic conditions, which have triggered a massive change in consumer perceptions towards health. This in turn has led to a surge in demand for various functional foods
Global Selenium Yeast Market Industry Assessment, Trends, Competitive Landscape, …
The selenium yeast market is anticipated to register substantial gains on account of rising inclination towards organic additives in animal nutrition, with an aim to improve livestock health and production. Consumers are steadily becoming aware of the downsides associated with using synthetic additives. As a result, they are preferring selenium yeast feed grades over other counterparts to provide balanced nutrition to their livestock. According to Global Market Insights Inc estimates
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key players Eaton, Schneider, Siemens, Hitachi, Powell, Hubbell
Power Distribution Component Market Share, Size, Trends by 2025 | Leading Key pl …
Global Power Distribution Component Market Report offers market overview, segmentation by types, application, countries, key manufactures, cost analysis, industrial chain, sourcing strategy, downstream buyers, marketing strategy analysis, distributors/traders, factors affecting market, forecast and other important information for key insight. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/3091 Voltage rating have acted as a standard industry protocol toward the installation of power components reliant on regulatory preference, deployment areas, and the group
Prenatal Vitamin Ingredients Market New Entrants, Risk Factors, Market Expansion …
The rise in the instances of miscarriages on account of poor diet and hygiene will anchor the consumption of prenatal vitamin ingredients. Excessive intake of junk food has resulted in the scarcity of important nutrients in pregnant women that could adversely affect the fetus health and development. Furthermore, prenatal vitamin ingredients possess additional nutritional components that are not so easily sourced from regular food items and products. Prenatal vitamin ingredients can

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide. This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The study objectives of this report are: To study and forecast the market size of Smart
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices. The global IoT device management market is
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry. “The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally. Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as