Europe IoT in Elevators Market Forecast to 2028 - COVID-19 Impact and Regional Analysis -by Component, Application, and End User

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The Europe IoT in elevators market is expected to grow from US$ 12,739.95 million in 2022 to US$ 20,232.46 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

Europe is the leading region in investing significant capital in deploying novel energy technologies such as solar installation and energy-efficient products & services to limit the region's carbon footprints and maintain green sustainability. Large buildings require predictive analytics, continuous building optimization, demand response, automated building control, and enterprise integration. However, small buildings require historical billing analysis, incentive availability, and educational, behavioral, and retrofit suggestions. Thus, IoT integrations with buildings make the building intelligent as IoT can automate and control these building operations. In addition, the building automation and control systems monitor operations such as security, fire and safety, air conditioning, and ventilation. Therefore, IoT-based elevators are becoming popular in intelligent buildings. Companies are also providing IoT in elevators for medium-sized buildings. IoT in elevator companies in Europe offers various services, including trouble ticket management, retro and ongoing commissioning, energy monitoring, NOC availability, maintenance, retrofit programmer proposals, and AMI data analysis in elevators. Further, government initiatives such as the European Union's Energy Performance of Buildings Directive (EPBD) and the United States' Commercial Building Initiative (CBI) are urging governments and businesses to increase their efforts at the community level to reduce energy consumption and greenhouse gas emissions. In addition, EU countries need to establish a 10-year integrated national energy and climate plan (NECP) from 2021 to 2030 to meet the EU's new energy and climate targets by 2030. According to the Climate Law proposal presented by the European Commission in March 2020, the EU aims to become climate-neutral by 2050. Similarly, the Smart readiness indicator (SRI) is an EU scheme for rating the smart readiness of buildings. Moreover, rising trends toward energy-efficient products and services are supporting the growth of IoT in elevators market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe IoT in elevators market growth at a notable CAGR during the forecast period.

Europe IoT in Elevators Market Revenue and Forecast to 2028 (US$ Million)

Europe IoT in Elevators Market Segmentation

The Europe IoT in elevators market is segmented into component, application, end user, and country. Based on component, the market is segmented into hardware, software, and services. Based on application, the Europe IoT in elevators market is segmented into preventive maintenance, remote monitoring, fault diagnosis and prediction, advanced reporting, and connectivity management. Based on end user, the Europe IoT in elevators market is categorized into residential, commercial, and industrial. Based on country, the Europe IoT in elevators market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe.

Europe IoT in Elevators Market Companies Mentioned

FUJITEC CO., LTD; Hitachi, Ltd.; KONE Corporation; Mitsubishi Electric Corporation; Otis Worldwide Corporation; Schindler; Robert Bosch GmbH; and Schneider Electric SE are a few major companies operating in the Europe IoT in elevators market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe IoT in Elevators Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in Europe IoT in Elevators Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

Product Code: BMIRE00025800

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Europe IoT in Elevators Market Landscape

4.1 Market Overview
4.2 PEST Analysis
- 4.2.1 Europe
- 4.2.2 Ecosystem Analysis
4.3 Expert Opinions

5. Europe IoT in Elevators Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rise In Urbanization and Governments Initiatives Towards Green Sustainability
- 5.1.2 Rise in Technological Developments in Construction Industry
5.2 Market Restraints
- 5.2.1 High Initial Investments Needed in Elevator Modernization and IoT Integrations
5.3 Market Opportunities
- 5.3.1 Companies Initiatives in developing IoT in Elevators and Government Support for Smart City Development
5.4 Future Trends
- 5.4.1 Rising Trend Towards Energy Efficient Products & Services in Intelligent Buildings
5.5 Impact Analysis of Drivers and Restraints

6. Europe IoT in Elevators Market - Market Analysis

6.1 Europe IoT in Elevators Market Revenue Forecast and Analysis

7. Europe IoT in Elevators Market - By Component

7.1 Overview
- 7.1.1 Europe IoT in Elevators Market Breakdown, By Component
  - 7.1.1.1 Europe IoT in Elevators Market Breakdown, By Hardware
  - 7.1.1.2 Europe IoT in Elevators Market Breakdown, By Software
  - 7.1.1.3 Europe IoT in Elevators Market Breakdown, By Services
7.2 Hardware
- 7.2.1 Overview
- 7.2.2 Hardware: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
  - 7.2.2.1 Processor Overview
    - 7.2.2.1.1 Processor: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
  - 7.2.2.2 Connectivity IC Overview
    - 7.2.2.2.1 Connectivity IC: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
  - 7.2.2.3 Sensor Overview
    - 7.2.2.3.1 Sensor: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
  - 7.2.2.4 Memory Device
    - 7.2.2.4.1 Memory Device: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
  - 7.2.2.5 Others Overview
    - 7.2.2.5.1 Others: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
7.3 Software
- 7.3.1 Overview
- 7.3.2 Software: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.3 On-Premise
  - 7.3.3.1 On-Premise: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
- 7.3.4 Cloud
  - 7.3.4.1 Cloud: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Services
- 7.4.1 Overview
- 7.4.2 Services: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.3 Designing and Engineering
  - 7.4.3.1 Designing and Engineering: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.4 Installation
  - 7.4.4.1 Installation: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.5 Maintenance and Repair
  - 7.4.5.1 Maintenance and Repair: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
- 7.4.6 Others
  - 7.4.6.1 Others: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)

8. Europe IoT in Elevators Market Analysis - by Application

8.1 Overview
- 8.1.1 Europe IoT in Elevators Market Breakdown, By Application
8.2 Preventive Maintenance
- 8.2.1 Overview
- 8.2.2 Preventive Maintenance: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
8.3 Remote Monitoring
- 8.3.1 Overview
- 8.3.2 Remote Monitoring: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Fault Diagnosis and Prediction
- 8.4.1 Overview
- 8.4.2 Fault Diagnosis and Prediction: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Advanced Reporting
- 8.5.1 Overview
- 8.5.2 Advanced Reporting: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
8.6 Connectivity Management
- 8.6.1 Overview
- 8.6.2 Connectivity Management: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)

9. Europe IoT in Elevators Market Analysis - by End User

9.1 Overview
- 9.1.1 Europe IoT in Elevators Market Breakdown, By End-User
9.2 Residential
- 9.2.1 Overview
- 9.2.2 Residential: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
9.3 Commercial
- 9.3.1 Overview
- 9.3.2 Commercial: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Industrial
- 9.4.1 Overview
- 9.4.2 Industrial: Europe IoT in Elevators Market - Revenue and Forecast to 2028 (US$ Million)

10. Europe IoT in Elevators Market - Country Analysis

10.1 Europe: Europe IoT in Elevators Market
- 10.1.1 Overview
- 10.1.2 Overview- Europe IoT in Elevators Market (US$ Million)
- 10.1.3 Europe IoT in Elevators Market Breakdown, by Country
  - 10.1.3.1 Germany Europe IoT in Elevators Market - Revenue and Forecast to 2028
    - 10.1.3.1.1 Germany Europe IoT in Elevators Market Breakdown, By Component
    - 10.1.3.1.2 Germany Europe IoT in Elevators Market Breakdown, By Application
    - 10.1.3.1.3 Germany Europe IoT in Elevators Market Breakdown, By End-User
  - 10.1.3.2 France Europe IoT in Elevators Market - Revenue and Forecast to 2028
    - 10.1.3.2.1 France Europe IoT in Elevators Market Breakdown, By Component
    - 10.1.3.2.2 France Europe IoT in Elevators Market Breakdown, By Application
    - 10.1.3.2.3 France Europe IoT in Elevators Market Breakdown, By End-User
  - 10.1.3.3 Italy Europe IoT in Elevators Market - Revenue and Forecast to 2028
    - 10.1.3.3.1 Italy Europe IoT in Elevators Market Breakdown, By Component
    - 10.1.3.3.2 Italy Europe IoT in Elevators Market Breakdown, By Application
    - 10.1.3.3.3 Italy Europe IoT in Elevators Market Breakdown, By End-User
  - 10.1.3.4 UK Europe IoT in Elevators Market - Revenue and Forecast to 2028
    - 10.1.3.4.1 UK Europe IoT in Elevators Market Breakdown, By Component
    - 10.1.3.4.2 UK Europe IoT in Elevators Market Breakdown, By Application
    - 10.1.3.4.3 UK Europe IoT in Elevators Market Breakdown, By End-User
  - 10.1.3.5 Russia Europe IoT in Elevators Market - Revenue and Forecast to 2028
    - 10.1.3.5.1 Russia Europe IoT in Elevators Market Breakdown, By Component
    - 10.1.3.5.2 Russia Europe IoT in Elevators Market Breakdown, By Application
    - 10.1.3.5.3 Russia Europe IoT in Elevators Market Breakdown, By End-User
  - 10.1.3.6 Rest of Europe IoT in Elevators Market - Revenue and Forecast to 2028
    - 10.1.3.6.1 Rest of Europe IoT in Elevators Market Breakdown, By Component
    - 10.1.3.6.2 Rest of Europe IoT in Elevators Market Breakdown, By Application
    - 10.1.3.6.3 Rest of Europe IoT in Elevators Market Breakdown, By End-User

11. Industry Landscape

11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition

12. Company Profiles

12.1 FUJITEC CO., LTD
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
12.2 Hitachi, Ltd.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
12.3 KONE Corporation
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
12.4 Mitsubishi Electric Corporation
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
12.5 Otis Worldwide Corporation
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
12.6 Schindler
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
12.7 Robert Bosch GmbH
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
12.8 Schneider Electric SE
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners
13.2 Word Index