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 $77.4 billion by 2030 from $33.5 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 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.
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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 [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard
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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: [email protected]
Tel. +1-972-636-5056
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