Global $53.85 Bn IoT in Elevators Market Outlook to 2026 Featuring Mitsubishi, Hitachi, Toshiba Elevators, Hyundai, Fujitec, Electra, ThyssenKrupp, Otis, Telefonica and KONE

Wednesday, 15. May 2019 16:10

Dublin, May 15, 2019 (GLOBE NEWSWIRE) -- The "IoT in Elevators - Global Market Outlook (2017-2026)" report has been added to's offering.

Global IoT in Elevators market accounted for $13.57 billion in 2017 and is expected to reach $53.85 billion by 2026 growing at a CAGR of 16.5%.

Some of the factors influencing the market growth are growing adoption of new IT solutions with current consumer trends in different organizations and IT modernization. However, the high initial investment is anticipated to hinder the market. Moreover, an increase in the number of high-rise buildings provides opportunities for the market during the forecast period.

IoT enabled elevators to make use of artificial intelligence (AI) to enable vertical transportation of passengers and commodities. It is a process of upgrading the critical parts of the elevator in order to handle new technology, perform better, improve safety, and ensure the aesthetics are up to date. IoT enabled elevators to display features of energy efficiency, reduce waiting time, and communicate with service.

Based on the component, the hardware (M2M Gateway/Elevator Gateway) segment commanded significant growth during the forecast period due to the growing need to install elevator remote monitoring systems in smart elevators. M2M gateway or elevator gateway are designed and developed in elevators for secure communication between the lift controller and remote monitoring sites.

By geography, North America is expected to dominate the global market due to the growing number of a high-rise building, increased digitization and technological developments are fuelling the market in this region.

Some of the key players in the IoT in Elevators market include Mitsubishi Electric Corporation, Hitachi, Ltd., Toshiba Elevators, Hyundai Elevator Co., Ltd., Fujitec Co., Ltd., Electra Ltd., ThyssenKrupp AG, Otis Elevator Company, Telefonica S.A. and KONE Corporation.

What our report offers:

  • Market share assessments for the regional and country level segments
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter's five forces analysis, SWOT analysis etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.5 Research Sources

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global IoT in Elevators Market, By Component
5.1 Introduction
5.2 Services
5.2.1 Refurbishing
5.2.2 Managed Services
5.2.3 Designing & Engineering
5.2.4 Maintenance & Repair
5.2.5 Installation
5.3 Hardware(M2M Gateway/Elevator Gateway)
5.4 Software
5.4.1 Cloud
5.4.2 On-premise

6 Global IoT in Elevators Market, By End User
6.1 Introduction
6.2 Commercial
6.3 Industrial
6.4 Residential

7 Global IoT in Elevators Market, By Application
7.1 Introduction
7.2 Advanced Reporting
7.3 Connectivity Management
7.4 Remote Monitoring
7.5 Preventive Maintenance
7.6 Other Applications
7.6.1 Call Management

8 Global IoT in Elevators Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa

9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies

10 Company Profiling
10.1 Mitsubishi Electric Corporation
10.2 Hitachi, Ltd.
10.3 Toshiba Elevators
10.4 Hyundai Elevator Co., Ltd.
10.5 Fujitec Co., Ltd.
10.6 Electra Ltd.
10.7 ThyssenKrupp AG
10.8 Otis Elevator Company
10.9 Telefonica S.A.
10.10 KONE Corporation

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Related Topics: Internet of Things and M2M, Elevators and Escalators 


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