Emerging Trends in Elevator Automation Market by Services, Products and Applications Forecast to 2025

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Elevator Automation Market to 2025 - Global
Analysis and Forecast by Services, Products and
Applications
No of Pages 150 Published January 2016 Single
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Worldwide Elevator Automation Market Upcoming
Trends Analysis 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. 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. The major factor hindering the global
elevator automation market is high manufacturing
cost of automated elevators. Additionally, the
huge installation cost of automated elevators
into buildings restraint the growth of global
elevator automation market. 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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Worldwide Elevator Automation Market Upcoming
Trends Analysis 2025
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.The
global elevator automation market has been
segmented based on services into installation
services, repair maintenance services, and
modernization services. Additionally, the global
elevator automation market is fragmented on the
basis of products such as elevator access
controls security, automation and controls,
biometrics, touchscreens and keypads, card
reader, security controls, sensors, and elevator
modernization. In addition, the global elevator
automation market is segmented based on
applications which includes residential sector,
commercial sector, industrial sector,
institutional sector, and infrastructure
sector.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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Worldwide Elevator Automation Market Upcoming
Trends Analysis 2025

• Table of Content An Overview
• Introduction
• Key Takeaways
• Elevator Automation Market Landscape
• Elevator Automation Market - Key Industry
  Dynamics
• Elevator Automation Market - Five Forces Analysis
• Elevator Automation Market Analysis
• Global Elevator Automation Market Revenue and
  Forecasts to 2025 Technology
• Global Elevator Automation Market Revenue and
  Forecasts to 2025 Material
• Global Elevator Automation Market Revenue and
  Forecasts to 2025 Application
• Global Elevator Automation Market Revenue and
  Forecasts to 2025 - Geographical Analysis
• Global Elevator Automation Market, Key Company
  Profiles
• Appendix

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