According to a market report by Lucintel, the future of the global smart elevator market looks promising with opportunities in the residential, commercial, and institutional construction markets. The global smart elevator market is expected to reach an estimated $77 billion by 2030 from $34 billion in 2023 at a CAGR of 12.7% from 2023 to 2030. The major drivers for this market are high rise residential and commercial buildings, increasing demand for energy efficient elevator system, and rising adoption of IoT technology in smart elevators.
A more than 150-page report to
understand trends, opportunity and
forecast in global smart elevator market to 2030 by component (control system,
maintenance system, and communication system), service (new installation,
modernization, and maintenance), end use industry (residential, commercial,
institutional, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World).
Lucintel
forecasts that commercial will remain the largest segment over the forecast
period due to growth in commercial construction, such as retail shops, malls,
warehouses, and hospitals and increasing demand for high rise commercial
buildings.
Within
this market, control system will remain the largest segment due to the
increasing demand in advanced security automation and access control systems.
ThyssenKrupp,
OTIS Elevator, KONE, Schindler Group, Hitachi Hyundai Elevator, Hyundai
Elevator, Toshiba Elevators and Building Systems, Mitsubishi Electric, Fujitec,
Motion Control Engineering are the major suppliers in the smart elevator
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
To get access of more than 1000 reports at fraction
of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel,
we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted
advisor for 1,000+ clients for over 20 years. We are quoted in several
publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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