Press release
Worldwide Elevator Automation Industry New developments, Landscape Analysis and Forecast to 2025
Automated elevators make use of advance technology for enhancing efficiency, achieving proper vertical movement of elevators and enhancing traffic management. Smart elevator help to achieve increased energy efficiency and advanced destination dispatch solution. These systems further provide latest digital security measure (such as access control systems), and touch screens. Embedded with automated features, automated elevators have more benefits over the traditional lifts.
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These elevators come with pre-fitted automated features that significantly contribute in reduction of waiting time, hence fueling the Worldwide Elevator Automation Industry. The growing need for energy efficient elevators for conservation of energy wasted during operations has led to implementation of automated elevators. Furthermore, increasing concern for development and security of the constructed (residential, commercial & institutional) premises has fueled the demand for the Worldwide Elevator Automation Industry globally. Additionally, rapid urbanization and increased expenditure on constructional projects has triggered the need of automated elevators and associated control systems.
The major factor hindering the Worldwide Elevator Automation Industry is high manufacturing cost of automated elevators. Additionally, the huge installation cost of automated elevators into buildings restraint the growth of Worldwide Elevator Automation Industry. Due to above mentioned reasons, the adoption rate of automated elevators is very low and it is expected the impact of this factor will subside during the forecast period.
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Furthermore, owing to the rapid advancement in computer and automation technology, the concept of smart elevators is expected to be soon casted into products (smart automated elevators), thereby anticipated to boost the Worldwide Elevator Automation Industry. Security being the main concern to propel the demand for more advanced and sophisticated elevators, thus, smart elevators are deployed at entry point systems to prevent unauthorized access and tailgating. They also provide adequate safeguards through various identification and validation techniques. Moreover, energy efficiency and centralized controls are expected to be key factors for the adoption of smart elevators. The regulations and standards made regarding increased efficiency and energy conservation are expected to add to the growth of the Worldwide Elevator Automation Industry.
Segmentations Covered in the Elevator Automation Market
• Services : Installation Services, Repair & Maintenance Services, Modernization Services
• Products: Elevator Access Controls & Security, Automation and Controls, Biometrics, Touchscreens and Keypads, Card Reader, Security Controls, Sensors, Elevator Modernization
• Applications : Residential Sector, Commercial Sector, Industrial Sector, Institutional Sector, Infrastructure Sector
• Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)
Some of the leading players in Elevator Automation Market Report
• KONE Corporation
• Hitachi, Ltd.
• Bosch Security Systems
• Fujitec
• Thyssenkrupp AG
• Mitsubishi Electric Corporation
• Hyundai Elevator Co., Ltd.
• Otis Elevator Company
• Schindler
• Honeywell International Inc.
• Tyco
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Reason to buy
• Highlights widely used product offerings thereby allowing organizations to gain revenues by focusing majorly on select products
• The key findings and recommendations highlight crucial progressive industry trends in the Elevator Automation Industry, thereby allowing players across the value chain to develop effective long term strategies
• Get reliable information about the strategies manufacturers in this Industry use to drive revenue
• Gain insights into the competitive landscape, to strengthen Industry competitiveness and positioning
• Highlights key business priorities in order to assist companies to realign their business strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging industries
• Scrutinize in-depth global Industry trends and outlook coupled with the factors driving the Industry, as well as the those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the current and future impact of the five forces namely: bargaining power of suppliers, bargaining power of buyers, threat of substitutes, threat of new entrants and degree of competition
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About The Insight Partners:
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, Media, and Telecommunication industries.
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