Smart Elevators and Escalators Market to Exceed US$ 150 Billion by 2022

New York, February 13: Market Research Engine has published a new report titled as “Smart Elevators and Escalators Market by Application Type (Hospitals, Residential, Commercial, Hotels, Retail, Transportation, Parking Building) and by Type (Elevator (1,150 kg-1,500 kg, 1,500 kg-2,000 kg), Escalator (Moving Walkway, Moving Stairs)- Global Market Analysis and Forecast 2016 - 2022”

How Big is the Smart Elevators and Escalators Market?

The smart elevators and escalators market is expected to exceed more than US$ 150 Billion by 2022; Growing at a CAGR of more than 6% in the given forecast period.

Browse Full Report: https://www.marketresearchengine.com/reportdetails/smart-elevators-and-escalators-market

Smart elevators are planned and design to transform some activity of travelling among the floors. An escalator also called as intermittent escalator are designed to perform various tasks such as it has control includes automatic stopping of the system when escalator is not being used. And it also automatic slow down the system. In smart elevator passengers select the floor instead of pushing a button to go down or up. Smart elevator and escalator have easier, faster and more energy efficient compare to old one.

The major driving factors of smart elevators and escalators market are as follows:

Increase in global economics
Growing in architectural and construction activity
Growing urbanization and raise in the geriatric population

The restraining factors of smart elevators and escalators market are as follows:

Low replacement price

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The smart elevators and escalators market is segmented on the lines of its type, application and regional. Based on type segmentation the smart elevators and escalators market covers escalators and elevators. The escalator is further segmented into moving stairs and moving walkway escalators. Based on elevators segmentation it covers 450-1150 kg, 1150-1500 kg and 1500-2000 kg. The smart elevators and escalators market is segmented on the lines of its application like parking building, hospital, transportation, residential, retail, hotels and commercial. The smart elevators and escalators market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

This report provides:

1) An overview of the global market for smart elevators and escalators and related technologies.

2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.

3) Identifications of new market opportunities and targeted promotional plans for smart elevators and escalators.

4) Discussion of research and development, and the demand for new products and new applications.

5) Comprehensive company profiles of major players in the industry.

REPORT SCOPE:

The scope of the report includes a detailed study of global and regional markets for various types of elevators and escalators with the reasons given for variations in the growth of the industry in certain regions.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Cisco Systems, Inc (U.S.), Toshiba Corporation (Japan), Otis Elevator Company (U.S.), Mitsubishi Electric Corporation (Japan), Schindler Holding Ltd.(Switzerland), Hitachi Ltd.(Japan), Fujitec Co., Ltd. (Japan), ThyssenKrupp AG (Germany), Kone Corporation (Finland), Kleemann Hellas SA (Greece) among others.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.

The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.

The Smart Elevators and Escalators Market has been segmented as below:

By Type Analysis

Escalator
Moving stairs
Moving walkway escalators

Elevator
450-1150kg
1150-1500kg
1500-2000kg

By Application Analysis

Parking building
Hospital
Transportation
Residential
Retail
Hotels
Commercial

By Regional Analysis

North America
Europe
Asia-Pacific
Rest of the World

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