DUBLIN--(BUSINESS WIRE)--The "Global Smart Elevator Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to Research and Markets' offering.
The global smart elevator market is expected to witness a growth of 12.7% CAGR during the forecast period 2017 - 2025.
The global smart elevators market is expected to witness strong growth during the forecast period 2017 - 2025 due to flourishing construction and real estate industry post economic recession. Urbanization and rise in the number of new dwelling units in cities has made the real estate sector competitive. Builders are coming up with new projects and are offering automation and smart elevators as a part of amenities.
Moreover, a trend of the construction industry going green can be seen. Over the past few years, the industry has been flooding with sustainable green products. According the U.S. Green Building Council, there were only 2% non-residential green buildings in the U.S. in 2005. However, by 2015 almost half of the non-residential buildings in the country were green. The on-going shift in paradigm towards green buildings is expected create huge opportunities for the smart elevators market.
Although the adoption of smart elevators is increasing steadily in developed economies, replacing the old conventional elevator with the advanced smart elevator is still an expensive proposition. An average cost of replacing conventional elevator with the smart equivalent costs between $60,000 and $250,000 per elevator, depending upon the size of the building. Moreover, smart elevator manufacturers are required to comply with several stringent government mandates and other entry barriers.
Key Topics Covered:
2. Executive Summary
3. Global Smart Elevator Market Analysis
4. Global Smart Elevator Market Revenue, By Service Type, 2015 - 2025 (US$ Mn)
5. Global Smart Elevator Market Revenue, By End-use Application, 2015 - 2025 (US$ Mn)
6. North America Smart Elevator Market Analysis, 2015 - 2025 (US$ Mn)
7. Europe Smart Elevator Market Analysis, 2015 - 2025 (US$ Mn)
8. Asia Pacific Smart Elevator Market Analysis, 2015 - 2025 (US$ Mn)
9. Rest of World Smart Elevator Market Analysis, 2015 - 2025 (US$ Mn)
10. Company Profiles
- Hitachi Ltd.
- Bosch Security Systems
- Otis Elevator Company
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- Kone Corporation
- Hyundai Elevator Co. Ltd.
- Johnson Controls Inc.
- Schneider Electric SA
- Schindler Group
For more information about this report visit https://www.researchandmarkets.com/research/g7lpzf/global_smart