Press release
Elevator Automation Market segmentation by product types, application, and geography is expected to witness sluggish growth 2025.
The Insight Partners added “Elevator Automation Market to 2025 - Global Analysis and Forecast by Services, Products and Applications” to its research database. The report is spread across 150 pages and supported by 8 company leaders.Geographically, the global elevator automation market has been segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM). Currently, developed regions such as North America and Europe aiming for better infrastructure and launch of technologically advanced products are leading the global elevator automation market. Owing to large number of potential users, the elevator automation market in APAC is expected to grow significantly during the forecast period. The key players of global elevator automation market includes KONE Corporation, Hitachi, Ltd., Bosch Security Systems, Fujitec, Thyssenkrupp AG, Mitsubishi Electric Corporation, Hyundai Elevator Co., Ltd., Otis Elevator Company, Schindler, Honeywell International Inc., and Tyco among others.
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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 global elevator automation market. 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 global elevator automation market.
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These elevators come with pre-fitted automated features that significantly contribute in reduction of waiting time, hence fueling the global elevator automation market. 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 elevator automation market globally. Additionally, rapid urbanization and increased expenditure on constructional projects has triggered the need of automated elevators and associated control systems.
Table of Contents
1 Introduction
2 Key Takeaways
3 Market Landscape
4 Elevator Automation Market - Key Industry Dynamics
5 Elevator Automation Market Analysis- Global
6 Elevator Automation Market Revenue and Forecasts to 2025 – Products
7 Elevator Automation Market Revenue and Forecasts to 2025 – Applications
8 Elevator Automation Market Revenue and Forecasts to 2025 – Services
9 Elevator Automation Market Revenue and Forecasts to 2025 - Geographical Analysis
11 Industry Landscape
12 Appendix
View Complete Company Profile and Table of Contents at http://www.theinsightpartners.com/reports/elevator-automation-market
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