Press release
IoT in Elevators Market Size, Share, Revenue, Trends And Drivers For 2023-2032 | Hyundai Elevator Co Ltd., KONE Corporation, Otis Worldwide Corporation, Schindler Holding Ltd., Mitsubishi Electric Corporation
IoT In Elevators Market
As per the IoT In Elevators market report by The Business Research Company, Increasing government initiatives for the creation of smart cities are expected to propel the growth of the IoT in the elevator market going forward. A smart city refers to a city or town that makes use of information and communication technology (ICT) to enhance operational effectiveness, disseminate information to the public, and enhance the welfare of its residents. IoT-enabled elevators are used in smart cities to deliver a continuous stream of real-time data that allows service technicians to remotely check the equipment's health and identify issues before they become serious. This data is used by smart cities to enhance their infrastructure, public utilities, and services, among other things.
The global IoT in elevators market size is expected to grow from $20.06 billion in 2022 to $23.73 billion in 2023 at a compound annual growth rate (CAGR) of 18.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global IoT in elevators market size is expected to grow to $44.10 billion in 2027 at a CAGR of 16.8%.
Read More On The IoT In Elevators Market Report Here:
https://www.thebusinessresearchcompany.com/report/iot-in-elevators-global-market-report
Major competitors in the IoT In Elevators market include Hyundai Elevator Co Ltd., KONE Corporation, Otis Worldwide Corporation, Schindler Holding Ltd., Mitsubishi Electric Corporation, Toshiba Elevator and Building Systems Corporation, Hitachi Ltd., Huawei Technologies Co Ltd., Fujitec Co Ltd., Electra Ltd., Liftinzicht BV, Gruppo Millepiani SPA, Cygnet Infotech Pvt Ltd., Doppler SA, and Robustel.
The IoT In Elevators market is segmented -
1) By Component: Hardware, Software, Services
2) By Application: Preventive Maintenance, Remote Monitoring, Advanced Reporting, Connectivity Management, Other Applications
3) By End User: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the IoT In Elevators market.
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IoT in elevators refers to the use of internet of things (IoT) for the purpose of monitoring operational conditions by gathering a large amount of data in elevators for streamlining operations.
The main components of IoT in elevators include hardware, software and services. Hardware is used to connect the elevators with a controller through a Wi-Fi or LAN interface. The different applications of IoT in elevators include preventive maintenance, remote monitoring, advanced reporting, connectivity management and others, that are used in residential, commercial and industrial settings.
The Table Of Content For The IoT In Elevators Market Include:
1. Executive Summary
2. IoT in Elevators Market Characteristics
3. IoT in Elevators Market Trends And Strategies
4. IoT in Elevators Market - Macro Economic Scenario
5. IoT in Elevators Market Size And Growth
......
26. Africa IoT in Elevators Market
27. IoT in Elevators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT in Elevators Market
29. IoT in Elevators Market Future Outlook and Potential Analysis
30. Appendix
The "Global IoT In Elevators Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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