Market Research Report
China Smart Elevator Market, By Component (Control Systems (Security Control System, Elevator Control System, Access Control system), & Communication Systems), Application, Service, Region, Competition, Forecast & Opportunities, 2024
|Published by||TechSci Research||Product code||914732|
|Published||Content info||73 Pages
Delivery time: Inquiry
|China Smart Elevator Market, By Component (Control Systems (Security Control System, Elevator Control System, Access Control system), & Communication Systems), Application, Service, Region, Competition, Forecast & Opportunities, 2024|
|Published: October 1, 2019||Content info: 73 Pages||
China smart elevator market is expected to grow at a CAGR of over 20% until 2024. The major factors that are driving the market are growing need for integrated security, energy efficient, wireless technology and safety systems coupled with decreasing operational cost. Moreover, in 2018, services segment dominated the country's smart elevator market and is expected to maintain its dominance over the next five years. Based on region, East China provinces region is expected to account for the largest market share during the forecast period due to government initiatives to further push smart, zero energy and faster elevators.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024
Some of the leading players in the China Smart Elevator market are Shanghai Mechanical & Electrical Industry, Canny Elevator, SJEC Corporation, Hitachi Elevator (China), Kone Corporation, Fujitec, thyssenkrupp, Schindler, Otis Elevator, Hyundai Elevator, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of collaboration key vendors across the China. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the key vendors which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major collaboration key vendors across the China.
TechSci Research calculated the market size of China Smart Elevator using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration key vendors, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, China smart elevator market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Control Systems (Security Control System, Elevator Control System, Access Control system)
East China Provinces
South & Central China Provinces
North & Northeast China Provinces
West China Provinces
Company Profiles: Detailed analysis of the major companies present in China Smart Elevator market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Profit Margin Analysis
(Note: The companies list can be customized based on the client requirements)