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Market Research Report

Asia-Pacific Smart Elevators Market 2019-2025

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Asia-Pacific Smart Elevators Market 2019-2025
Published: March 29, 2020 Content info:
Description

Asia-Pacific Smart Elevators Market Size, Share & Trends Analysis Report by Type (Passenger and Freight) and by Application (Residential, Commercial, Industrial, and Others) and Forecast, 2019-2025

Asia-Pacific smart elevators market is estimated to grow significantly, at a CAGR of 14.7% during the forecast period. Asia-Pacific smart elevators market occupied a major share in the global smart elevators market, owing to the rising installations of smart elevators across commercial and residential buildings coupled with the skyscraper projects in the region. Some of the major skyscraper buildings undergoing in China include Goldin Finance 117, Greenland Centre (Xi'an), and Wuhan Greenland Center (Wuhan). This is primarily driving the demand for smart elevators in skyscrapers in the country.

Smart elevators are operated by the user that pushes a button and set their destination. Afterwards, an indicator directs the user to the elevator that will take them to the floor in the shortest amount of time. Therefore, smart elevators have a crucial role in skyscrapers. Rising smart city projects are further strengthening the growth of the market in the region. As per the German Asia-Pacific Business Association, the Chinese government is pushing the development of smart cities counting nearly 500 pilot projects. Smart cities have buildings with many floors, which contributes to the demand for smart elevators to offer convenience to the users, primarily the elderly population.

The companies which are contributing to the growth of the Asia-Pacific smart elevators market include ThyssenKrupp Elevator AG, Schindler Holding AG, KONE Corp., Hyundai Elevator Co. Ltd., and OTIS Elevator Corp. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in June 2019, Toshiba Corp., a Japan-based elevator manufacturer, and supplier, has received a contract for the installation of 128 elevators in Surat Diamond Bourse (SDB), India. These elevators will ensure the proper people traffic management in the building. This, in turn, will drive the company's reach in the global market.

Research Methodology

The market study of the Asia-Pacific smart elevators market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

  • Financial reports of companies involved in the market.
  • Whitepapers, research-papers, and news blogs.
  • Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. Asia-Pacific Smart Elevators Market Research and Analysis by Type

2. Asia-Pacific Smart Elevators Market Research and Analysis by Application

The Report Covers:

  • Comprehensive research methodology of the Asia-Pacific smart elevators market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the Asia-Pacific smart elevators market.
  • Insights about market determinants which are stimulating the Asia-Pacific smart elevators market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Table of Contents
Product Code: OMR2021258

Table of Contents

1. Report Summary

  • 1.1. Research Methods and Tools
  • 1.2. Market Breakdown
    • 1.2.1. By Segments

2. Market Overview and Insights

  • 2.1. Scope of the Report
  • 2.2. Analyst Insight & Current Market Trends
    • 2.2.1. Key Findings
    • 2.2.2. Recommendations
    • 2.2.3. Conclusion
  • 2.3. Rules & Regulations

3. Competitive Landscape

  • 3.1. Company Share Analysis
  • 3.2. Key Strategy Analysis
  • 3.3. Key Company Analysis
    • 3.3.1. Overview
    • 3.3.2. Financial Analysis
    • 3.3.3. SWOT Analysis
    • 3.3.4. Recent Developments

4. Market Determinants

  • 4.1. Motivators
  • 4.2. Restraints
  • 4.3. Opportunities

5. Market Segmentation

  • 5.1. Asia-Pacific Smart Elevators Market by Type
    • 5.1.1. Passenger
    • 5.1.2. Freight
  • 5.2. Asia-Pacific Smart Elevators Market by Application
    • 5.2.1. Residential
    • 5.2.2. Commercial
    • 5.2.3. Industrial
    • 5.2.4. Others

6. Regional Analysis

  • 6.1. China
  • 6.2. Japan
  • 6.3. India
  • 6.4. Rest of Asia-Pacific

7. Company Profiles

  • 7.1. Bosch Security Solutions GmbH
  • 7.2. Fujitec Co., Ltd.
  • 7.3. Hitachi Ltd.
  • 7.4. Honeywell International Inc.
  • 7.5. Hyundai Elevator Co. Ltd.
  • 7.6. Johnson Controls Inc.
  • 7.7. Kleemann Hellas SA
  • 7.8. KONE Corp.
  • 7.9. Mitsubishi Electric Corp.
  • 7.10. OTIS Elevator Corp. (A United Technologies Co.)
  • 7.11. Schindler Holding AG
  • 7.12. ThyssenKrupp Elevator AG
  • 7.13. Toshiba Elevators and Building Systems Corp.

List of Tables

  • 1. ASIA-PACIFIC SMART ELEVATORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2018-2025 ($ MILLION)
  • 2. ASIA-PACIFIC SMART ELEVATORS MARKET RESEARCH AND ANALYSIS BY TYPE, 2018-2025 ($ MILLION)
  • 3. ASIA-PACIFIC SMART ELEVATORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2018-2025 ($ MILLION)

List of Figures

  • 1. ASIA-PACIFIC SMART ELEVATORS MARKET SHARE BY COUNTRY, 2018 VS 2025 (%)
  • 2. ASIA-PACIFIC SMART ELEVATORS MARKET SHARE BY TYPE, 2018 VS 2025 (%)
  • 3. ASIA-PACIFIC SMART ELEVATORS MARKET SHARE BY APPLICATION, 2018 VS 2025 (%)
  • 4. CHINA SMART ELEVATORS MARKET SIZE, 2018-2025 ($ MILLION)
  • 5. INDIA SMART ELEVATORS MARKET SIZE, 2018-2025 ($ MILLION)
  • 6. JAPAN SMART ELEVATORS MARKET SIZE, 2018-2025 ($ MILLION)
  • 7. REST OF ASIA-PACIFIC SMART ELEVATORS MARKET SIZE, 2018-2025 ($ MILLION)
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