PUBLISHER: TechNavio | PRODUCT CODE: 1189291
PUBLISHER: TechNavio | PRODUCT CODE: 1189291
Technavio has been monitoring the smart elevator market and is forecast to grow by $6,395.94 mn during 2022-2027, accelerating at a CAGR of 8.97% during the forecast period. Our report on the smart elevator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing number of construction activities, growing investment in smart cities, and focus on reducing the impact of energy costs on business.
Technavio's smart elevator market is segmented as below:
By Service
By Application
By Geography
This study identifies cloud predictive maintenance as one of the prime reasons driving the smart elevator market growth during the next few years. Also, intuitive elevator technologies and the use of regenerative drives will lead to sizable demand in the market.
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart elevator market vendors that include Express Lifts Ltd., Fujitec Co. Ltd., Halma Plc, Hitachi Ltd., Honeywell International Inc., Huawei Investment and Holding Co. Ltd., Hyundai Elevator Co. Ltd., Johnson Lifts Pvt. Ltd., KONE Corp., Mitsubishi Electric Corp., Nidec Corp., Otis Worldwide Corp., Robert Bosch GmbH, Robustel, Schindler Holding Ltd., Sigma Elevator Co., thyssenkrupp AG, TK Elevator GmbH, Toshiba Corp., and Vantage Elevation LLC. Also, the smart elevator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
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