openPR Logo
Press release

Elevator Modernization Market to 2025 - United Technologies, Schindler Holding, thyssenKrupp AG, Fujitec, Hitachi, Electra Elevators,Mitsubishi Electric, Toshiba International

05-07-2019 07:05 AM CET | Industry, Real Estate & Construction

Press release from: The Insight Partners

Elevator Modernization Market

Elevator Modernization Market

Elevator modernization is the process of upgrading the critical parts of the elevator in order to maintain the speed, efficiency, and safety of the elevator and the passengers traveling through it. Many of the elevators are built to provide around 20-30 years of service. As the age of the elevators increases and the equipment of the elevators are very difficult to find or replace, then the elevator is subjected to a total replacement. Modernization of the elevator includes the replacement of various components of the elevator such as cabin enclosures, signaling fixtures, door equipment, controllers, power units, and others. To ensure safety and convenience of the passengers traveling through the elevator, each of these components should be observed and replaced as it gets wear and tears to maintain a proper operating condition of the elevator.

Some of the global key players operating in the elevator modernization market are United Technologies Corporation, KONE Corporation, Schindler Holding Ltd., ThyssenKrupp AG, Fujitec Co. Ltd., and Hitachi Ltd. Electra Elevators, Hyundai Elevators Co. Ltd., Mitsubishi Electric Corporation, and Toshiba International Corporation are other key companies in the market.

Get sample PDF Copy at: http://bit.ly/2WscSkp

The global Elevator Modernization market accounted for US$ 10,640.0 Mn in 2017 and is expected to grow at a CAGR of 3.8% during the forecast period 2018 – 2025, to account for US$ 14,386.2 Mn in 2025.

The global by type, component and end-user. The type segment of elevator modernization market includes traction and hydraulic type elevators. Furthermore, the component segment has been subdivided into power units, cabin enclosures, controllers, signaling fixtures, door equipment, and others. The end-user of elevator modernization includes industrial, residential buildings, institutional, marine, commercial, and others. Further, in order to more enhance the elevators, the elevator component manufacturers, are manufacture the controllers with high end technologies and advanced composites such as relay based controllers or microprocessor chip based controllers, which is increases the interest among the end users for modernization of the elevators. Thus fueling the growth of market for elevator modernization in the coming years.

Elevator modernization (or lift modernization) is the process of upgrading the critical parts of the elevator in order for it to be able to handle new technology, have better performance, improve safety, and even give the aesthetics an up-to-date appeal.

There has been constant development in elevator modernization market. For instance, the Otis’ connected IoT systems enable intelligent and predictive service to address maintenance issues before they occur. After receiving “health reports” from every elevator, the system will diagnose and determine the parts that need to be replaced. This information is then relayed to the OTISLINE customer service center automatically so that technicians can prepare the necessary tools and parts before servicing customers. Apart from this, ThyssenKrupp also announced the implementation of 26 new elevators and escalators at new Rinascente department store at Piazza del Tritone in Rome. These elevators will help to carry up to 90,000 people per hour.

Get Discount on This Report at: http://bit.ly/2Wsu21B

The report segments the global elevator modernization market as follows:

Global Elevator Modernization Market – By Type

Traction
Hydraulic

Global Elevator Modernization Market – By Component

Power Units
Cabin Enclosures
Controllers
Signaling Fixtures
Door Equipment
Others

Global Elevator Modernization Market – By End - User

Industrial
Residential Building
Institutional
Marine
Commercial
Others

Global Elevator Modernization Market – By Geography

North America
U.S.
Canada
Mexico

Europe
France
Germany
Italy
Spain
U.K.
Rest of Europe

Buy Now This Report at: http://bit.ly/2Wp2xpC

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Semiconductors, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.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 Elevator Modernization Market to 2025 - United Technologies, Schindler Holding, thyssenKrupp AG, Fujitec, Hitachi, Electra Elevators,Mitsubishi Electric, Toshiba International here

News-ID: 1729059 • Views: 1437

More Releases from The Insight Partners

Hypercalcemia Treatment Market Prediction Year: 2020-2027 Globally by Key Player …
This report titled as Hypercalcemia Treatment Market gives a brief about the comprehensive research and an outline of its growth in the market globally. It states about the significant market drivers, trends, restraints and opportunities to give a wide-ranging and precise data and also scrutinizes its growth in the overall markets development which is needed and expected. Get Sample Copy of the Report @ https://bit.ly/2UPFOo2 The Hypercalcemia Treatment market is
Smart Workplace Market : Year 2020-2027 By World With Top Key Players Like ABB, …
Smart Workplace Market report includes overview, which interprets value chain structure, industrial environment, regional analysis, applications, market size, and forecast. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in
Electric Scooters Market Global Industry Key Plans, Historical Analysis, Segment …
The Electric Scooters Market report provides a detailed overview of the industry including both qualitative and quantitative information with detailed market segmentation by battery, voltage, technology, and geography. The global electric scooters market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading electric scooters market players and offers key trends and opportunities in the market. Get Sample Copy
Hydrogen Fuel Cell Vehicle Market Report 2020 - Market Size, Share, Price, Trend …
The Hydrogen Fuel Cell Vehicle Market report provides a detailed overview of the industry including both qualitative and quantitative information with detailed market segmentation by electrolyte, component, power, vehicle. The global Hydrogen fuel cell vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Hydrogen fuel cell vehicle market players and offers key trends and opportunities

All 5 Releases


More Releases for Elevator

Elevator & Escalators Market to Witness Huge Growth by 2025 | Leading Key Player …
HTF MI recently introduced Global Elevator & Escalators Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Sanyo Elevator, DAIKO, Escone Elevators, Saita Kougyou, Hitachi, Fujitec,Otis Elevator,
Elevator Modernization Market 2018 Global Analysis By Key Players – KONE Eleva …
WiseGuyReports.Com Publish a New Market Research Report On –“ Elevator Modernization Market 2018 Global Analysis By Key Players – KONE Elevator, Schindler Group, Otis Elevator company, Mitsubishi Electric, Kohler Elevator”. Description: This report studies the global Elevator Modernization market status and forecast, categorizes the global Elevator Modernization market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South
Elevator Market Player 2017 - Schindler, ThyssenKrupp, MitsubishiKone Elevator a …
ReportsWeb.com has announced the addition of the “Global Elevator Market Research Report” The report focuses on global major leading industry players with information such as company profiles, product picture and specification. Elevator-Global Market Status & Trend Report 2013-2023 Top 20 Countries Data offers a comprehensive analysis on Elevator industry, standing on the readers' perspective, delivering detailed market data in Global major 20 countries and penetrating insights. No matter the client is
Global Elevator Modernization Market Report 2017 : Hyundai Elevator, KONE Corpor …
Qyresearchreports include new market research report "Global Elevator Modernization Sales Market Report 2017" to its huge collection of research reports. The report on the global Elevator Modernization market is a comprehensive account of key market dynamics, current and prominent trends, share and size of various segments, recent research and development (R&D) activities, and the existing investment scenario in various regions. The analysis takes a closer look at the key drivers and
Global Elevator and Escalator Sales Market Report 2017 - Hitachi, Otis Elevator, …
Geographically, this report split global into several key Regions, with sales (K Units), revenue (Million USD), market share and growth rate of Elevator and Escalator for these regions, from 2012 to 2022 (forecast), covering United States China Europe Japan Southeast Asia India Global Elevator and Escalator market competition by top manufacturers/players, with Elevator and Escalator sales volume, Price (USD/Unit), revenue (Million USD) and market share for each manufacturer/player; the top players including Hitachi KONE Mitsubishi Electric Otis Elevator Schindler Elevator ThyssenKrupp Elevator Beacon Engineering Canny
Global Elevator & Escalators Sales Market Report 2017: Hitachi, KONE, Mitsubishi …
QY Research Groups’ analysts estimate the Elevator & Escalators Market to grow at a substantial CAGR during the forecast period. Why should the report be purchased? The report ‘Elevator & Escalators Market Research Report 2017’ highlights key dynamics of Global Elevator & Escalators sector. The potential of the sector has been investigated along with the key challenges. The current market scenario and future prospects of the sector has also been studied.