Press release
Contactless Elevator Market is Estimated to Reach USD 3.80 Billion By 2030: Cognitive Market Research
Contactless Elevator Market is Estimated to Reach USD 3.80 Billion By 2030: Cognitive Market Research
A contactless elevator referred to as a touchless elevator is a type of elevator that can be operated without physically touching the elevator buttons or panels. It can be equipped with motion sensors that detect the presence of passengers and automatically select their floor based on their destination. These can be controlled using smartphone apps that allow passengers to select their floor and call the elevator without touching any buttons.
Summary:
• As per the study of CMR, The Global Contactless Elevator Market Size Was Valued at USD 1.81 Billion In 2022 And is Expected to Grow at a CAGR Of 9.7 % During the Forecast Period, Reaching USD 3.80 Billion By 2030.
• Rapid urbanization along with the rising technological advancements in smart buildings is the major driving factor for the growth of the contactless elevator market.
• North America is expected to dominate the contactless elevator market during the forecast period.
• Based on technology type, the voice assistance segment is growing at the highest CAGR during the forecast period owing to this technology becoming increasingly popular in commercial buildings and public spaces.
To know more about The Contactless Elevator Market statistics click here: https://www.cognitivemarketresearch.com/contactless-elevator-market-report
What are the driving factors for the contactless elevator market?
Rapid urbanization along with the rising technological advancements in smart buildings is the main driving factor contributing to the growth of the contactless elevator market during the forecast period. Infectious diseases have increased the demand for contactless elevators as concerns over the transmission of the virus via commonly touched surfaces such as elevator buttons. Contactless elevators are an important component of smart buildings, as they can be integrated with other systems to offer a more seamless and efficient user experience. Additionally, the rise in government regulations regarding the requirement of elevators with contactless technology has driven market growth over the forecast period. However, the higher maintenance cost of the contactless elevator can be a significant barrier to the growth of the market in near future. Further, advancements in lift technologies along with the integration of AI and unique sensor technology are expected to create great opportunities for the market during the forecast period.
Market Segmentation:
Global contactless elevator market elevator type segmentation:
• Hydraulic Elevators
• Traction Elevators
• Machine-Room-Less (MRL) Elevators
• Pneumatic Elevators
The traction elevators segment is a major revenue contributor in terms of elevator type, traction elevators are a type of elevator that is increasingly used in tall buildings, such as skyscrapers. These elevators use cables and a counterweight system to move the elevator car side up direction and down the elevator shaft.
Global contactless elevator market technology type segmentation:
• Buttons
• Voice Assistance
• Mobile Control
Based on technology type, the voice assistance segment is growing at the highest CAGR during the forecast period owing to this technology is becoming increasingly popular in commercial buildings and public spaces, particularly in the wake of the COVID-19 pandemic. As voice recognition technology continues to improve and voice assistance elevators are likely to be adapted more widely in the future.
Global contactless elevator market application segmentation:
• Commercial
• Residential
• Industrial
• Others
Competitive Analysis of Contactless Elevator Market: Huawei, Easpeed, WANGLONG Intelligent Technology, CEDES, Neonode, Warner Electric (Altra Industrial Motion), L&T Technology Services
Get free sample pages of the latest published Contactless Elevator Market Report: https://www.cognitivemarketresearch.com/contactless-elevator-market-report
North America is expected to dominate the contactless elevator market during the forecast period.
As per CMR analysis, North America is expected to dominate the contactless elevator market during the forecast period. The growth of the market is significantly growing in the region due to the rapid deployment of IoT-controlled elevators to reduce the risk of infectious disease transmission and advancement in sensor technologies. In North America, traction elevators are a popular choice for tall buildings due to their high speed and energy efficiency.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Contactless Elevator Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Contactless Elevator Market Segmentation
1.5.1 Contactless Elevator Market Regional Fragmentation
1.5.1 Contactless Elevator Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Contactless Elevator Market
• 3.1 Global Contactless Elevator Market Size 2018 - 2030, (USD Million)
• 3.2 Global Contactless Elevator Value, Absolute & Opportunity Analysis
• 3.3 Global Contactless Elevator Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Contactless Elevator Market Statistics 2022: Snapshot
Chapter 4 Global Contactless Elevator Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Contactless Elevator Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Contactless Elevator Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Contactless Elevator Market by Technology Type Segmentation Analysis (2018-2030)
Chapter 12 Global Contactless Elevator Market Regional Analysis
Chapter 13 North America Contactless Elevator Market Outlook (2018 - 2030)
Chapter 14 Europe Contactless Elevator Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Contactless Elevator Market Outlook (2018 - 2030)
Chapter 16 Latin America Contactless Elevator Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Contactless Elevator Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Contactless Elevator Market TOC click here: https://www.cognitivemarketresearch.com/contactless-elevator-market-report#table_of_contents
Related report:
• Elevator Accessories Market- https://www.cognitivemarketresearch.com/elevator-accessories-market-report
• Artificial Intelligence Software Market- https://www.cognitivemarketresearch.com/artificial-intelligence-software-market-report
• Elevator Market- https://www.cognitivemarketresearch.com/elevator-market-report
• Voice Assistant Market- https://www.cognitivemarketresearch.com/voice-assistant-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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