Smart Elevators are advanced systems that allow automated vertical transportation of goods or passengers. As this system utilizes automation, it reduces the waiting time and increases traffic management efficiency in residential, commercial and other buildings. Smart Elevator systems consist of new-age digital security system controls, i.e., biometrics, touch screen, destination dispatching & access control systems, which make them advanced. Since the elevators provide automated features and consume less energy, these elevators are labelled as “Smart Elevators”. Moreover, reduced waiting time of passengers, enhanced spending capabilities of customers in emerging markets and overall improvement in global economies are some of the major driving factors for the Smart elevators market. In spite of various advantages and driving factors, substantial initial investment in the installation of smart elevators would limit its presence, which in turn would adversely impact the global market growth.
Top players in the market are adopting expansion and product launch as major developmental strategies to remain competitive in smart elevator industry. Schindler, for instance, in Feb 2014, launched a new service in North America. This service focus on the fabrication of components such as doors, entrances, and interiors of the elevators. The facility for the consumers will enhance the quality of services to the customers. In addition to this, in May 2013, Otis Elevator, another leading brand, had launched two novel products called CompassPlus Destination Management System and the Skyrise elevator in Paris. The CompassPlus Smart Elevator System helps the customers by reducing their waiting time. Market players are adopting these strategies to expand their global reach, increase their customer base by using new technologically advanced products and improve their services; thereby, penetrating the global smart elevator services across different regions.
The global smart elevators market is segmented on the basis of product, applications and geography. Products segment provides detailed information on different products, which are used in smart elevators such as card based systems, biometrics, touch screens and keypads, security and access control systems, visitor management systems, sensors, motor drives and controllers building managements systems and many more. The application segment focuses on residential, commercial, industrial, institutional and others. Further, the market is segmented according to different geographies. The global market is closely examined by conducting research across various geographies such as North America, Europe, Asia Pacific and LAMEA.
KEY BENEFITS
KEY MARKET SEGMENTS
Market by Products
Market by Applications
Market by Geography
TABLE OF CONTENTS
CHAPTER 1 INTRODUCTION
1.1 Report Description
1.2 Reason for doing the study
1.3 Key benefits
1.4 Key Market Segments
1.5 Key Audiences
1.6 Research methodology
1.6.1 Secondary research
1.6.2 Primary research
1.6.3 Analyst tools and models
CHAPTER 2 EXECUTIVE SUMMARY
2.1 CXO perspectives
2.2 Executive Summary
2.3 Market Beyond: what to expect by 2025
2.3.1 Moderate growth scenario
2.3.1 Rapid growth scenario
2.3.2 Diminishing growth scenario
CHAPTER 3 MARKET OVERVIEW
3.1 Market Definition and Scope
3.2 Key Findings
3.2.1 Top factors impacting the global smart elevators market
3.2.1.1 Demand for energy efficient solutions
3.2.1.2 Advanced security automation and access control systems
3.2.1.3 Rising spending capabilities for construction
3.2.1.4 Global economic improvement
3.2.1.5 Minimum waiting time
3.2.1.6 Regulatory policies
3.2.1.7 Large Initial Investments
3.2.2 Top winning strategies
3.2.3 Top investment pockets
3.3 Porters Five Force Analysis
3.3.1 Concentrated buyers and lower switching cost lowers the bargaining power of the suppliers
3.3.2 Infancy in the market leads to moderate bargaining power of buyers
3.3.3 As the smart elevators technology is the latest technology, there is no threat of substitute
3.3.4 Brand loyalty and huge initial investment restricts easy access of new entrants
3.3.5 Oligopolistic environment moderates rivalry
3.4 Value chain analysis
3.4.1 Component manufacturer
3.4.2 System Integrators and Distributors
3.4.3 Building owner/ Construction companies
3.5 Market Share Analysis 2013
3.6 Case studies
3.7 Market Dynamics
3.7.1 Drivers
3.7.1.1 Growing demand for energy-efficient solutions
3.7.1.2 Enhanced security via automation and access controls
3.7.1.3 Increased spending in construction
3.7.1.4 Improving global economies
3.7.1.5 Reducing the wait time
3.7.1.6 Stringent regulations and need to reduce operational cost
3.7.2 Restraint
3.7.2.1 Huge investments
3.7.3 Opportunities
3.7.3.1 Regulations and standards regarding energy saving and efficiency
3.7.3.2 Upgrading of existing elevators
3.8 Cross industry impact
3.8.1 Efficient communication technologies
3.8.2 Artificial Intelligence
CHAPTER 4 GLOBAL SMART ELEVATOR MARKET BY SOLUTION
4.1 New Deployments
4.1.1 Elevator Access Control & Security
4.1.1.1 key market trends
4.1.1.2 competitive scenario
4.1.1.3 key growth factors and opportunities
4.1.1.4 Market size & forecast
4.1.1.5 card based systems
4.1.1.6 keypad based systems
4.1.1.7 security controls
4.1.1.8 fire alarm system
4.1.2 Elevator Automation
4.1.2.1 key market trends
4.1.2.2 competitive scenario
4.1.2.3 key growth factors & opportunities
4.1.2.4 market size & forecast
4.1.2.5 sensors
4.1.2.6 controllers
4.1.2.7 communication algorithms
4.2 Elevator Modernization
4.2.1 Key market trends
4.2.2 Competitive scenario
4.2.3 Key market drivers & opportunities
4.2.4 Market size and forecast
4.2.5 Operating panels
4.2.6 Other electronics equipment
4.2.7 Automated control
4.3 Maintenance
CHAPTER 5 GLOBAL SMART ELEVATORS MARKET BY APPLICATION
5.1 Residential
5.1.1 Market Size and Forecast
5.2 Commercial
5.2.1 Market Size and Forecast
5.3 Industrial
5.3.1 Market Size and Forecast
5.4 Institutional
5.4.1 Market Size and Forecast
5.5 Others
5.5.1 Market Size and Forecast
CHAPTER 6 GLOBAL SMART ELEVATOR MARKET BY GEOGRAPHY
6.1 North America
6.1.1 Key market trends
6.1.2 Competitive scenario
6.1.3 Key growth factors and opportunities
6.1.4 Market Size and Forecast
6.2 Europe
6.2.1 Key market trends
6.2.2 Competitive scenario
6.2.3 Key growth factors and opportunities
6.2.4 Market Size and Forecast
6.3 Asia-Pacific
6.3.1 Key market trends
6.3.2 Competitive scenario
6.3.3 Key growth factors and opportunities
6.3.4 Market Size and Forecast
6.4 LAMEA
6.4.1 Key market trends
6.4.2 Competitive scenario
6.4.3 Key growth factors and opportunities
6.4.4 Market Size and Forecast
CHAPTER 7 COMPANY PROFILES
7.1 Schindler Holding AG
7.1.1 Schindler Holding AG Overview
7.1.2 Business performance
7.1.3 Key Strategies and developments
7.1.4 SWOT analysis of Schindler Holding AG
7.2 Honeywell International Inc.
7.2.1 Honeywell International Inc. Overview
7.2.2 Business performance
7.2.3 SWOT analysis of Honeywell International Incorporation
7.3 Otis Elevator Corporation
7.3.1 Otis Elevator Corporation Overview
7.3.2 Business performance
7.3.3 Key Strategies and developments
7.3.4 SWOT analysis of Otis Elevator
7.4 Hyundai Elevator Co. Ltd.
7.4.1 Hyundai Elevator Co. Ltd. Overview
7.4.2 Business performance
7.4.3 Key Strategies and developments
7.4.4 SWOT analysis of Hyundai Elevators
7.5 Mitsubishi Electric Corporation
7.5.1 Mitsubishi Electric Corporation Overview
7.5.2 Business performance
7.5.3 Key Strategies and developments
7.5.4 SWOT analysis of Mitsubishi Electric Corporation
7.6 KONE Elevators Co. Ltd.
7.6.1 KONE Elevators Co. Ltd. Overview
7.6.2 Business performance
7.6.3 Key Strategies and developments
7.6.4 SWOT analysis of KONE Elevators
7.7 ThyssenKrupp
7.7.1 ThyssenKrupp Overview
7.7.2 Business performance
7.7.3 Key Strategies and developments
7.7.4 SWOT analysis of ThyssenKrupp
7.8 Fujitec
7.8.1 Fujitec Overview
7.8.2 Business performance
7.8.3 Key Strategies and developments
7.8.4 SWOT analysis of Fujitec
7.9 Bosch Security Systems
7.9.1 Bosch Security Systems Overview
7.9.2 Business performance
7.9.3 Key Strategies and developments
7.9.4 SWOT analysis of Bosch Security Systems
7.10 Hitachi Ltd.
7.10.1 Hitachi Ltd Systems Overview
7.10.2 Business performance
7.10.3 Key Strategies and developments
7.10.4 SWOT analysis of Hitachi Ltd.
LIST OF TABLES
TABLE 1 GLOBAL SMART ELEVATOR MARKET REVENUE BY GEOGRAPHY,2013-2020 ($ MILLION)
TABLE 2 SMART ELEVATORS MARKET MODERATE GROWTH SCENARIO REVENUE BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 3 SMART ELEVATORS MARKET RAPID GROWTH SCENARIO REVENUE BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 4 SMART ELEVATORS MARKET CRITICAL GROWTH SCENARIO REVENUE BY GEOGRAPHY, 2020 – 2025 ($MILLION)
TABLE 5 GLOBAL SMART ELEVATOR MARKET REVENUE BY SOLUTION, 2013-2020 ($ MILLION)
TABLE 6 GLOBAL SMART ELEVATOR MARKET REVENUE BY NEW DEPLOYMENT, 2013-2020 ($ MILLION)
TABLE 7 GLOBAL SMART ELEVATOR ACCESS CONTROL & SECUIRTY MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 8 GLOBAL SMART ELEVATOR AUTOMATION MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 9 GLOBAL SMART ELEVATOR MODERNIZATION MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 10 GLOBAL SMART ELEVATOR MARKET REVENUE BY APPLICATION, 2013-2020 ($ MILLION)
TABLE 11 GLOBAL ENERGY CONSUMPTION ESTIMATED FOR RESIDENTIAL SECTOR, 2012 (FOR COMMON UTILITIES ONLY)
TABLE 12 ANNUAL REMODELING RATE IN US (2014)
TABLE 13 GLOBAL SMART ELEVATOR RESIDENTAL MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 14 U.S SHARE OF ELECTRIC ENERGY BY SECTOR IN PERCENTAGE, 2012
TABLE 15 U.S NUMBER OF COMMERCIAL BUILDINGS (MILLIONS UNITS) VS TOTAL COMMERCIAL FLOOR SPACE (BILLION SQUARE FEET), 2012
TABLE 16 GLOBAL SMART ELEVATOR COMMERCIAL MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 17 GLOBAL SMART ELEVATOR INDUSTRIAL MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 18 IMPACT OF AN ELEVATOR’S ENERGY CONSUMPTION ON ENVIRONMENT IN LIFE CYCLE OF ELEVATOR
TABLE 19 GLOBAL SMART ELEVATOR INSTITUTIONAL MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 20 GLOBAL SMART ELEVATOR OTHER APPLICATIONS MARKET REVENUE BY GEOGRAPHY, 2013-2020 ($ MILLION)
TABLE 21 NORTH AMERICA SMART ELEVATOR MARKET REVENUE BY APPLICATIONS, 2013-2020 ($ MILLION)
TABLE 22 THE TABLE DENOTES THE REVENUE GENERATED FORM MODERNIZATION OF ESCALATORS IN THE EUROPEAN REGION
TABLE 23 POPULATION GROWTH ESTIMATION IN URBAN AREA FOR EUROPE FROM 1950 TO 2030
TABLE 24 EUROPE SMART ELEVATOR MARKET REVENUE BY APPLICATIONS, 2013-2020 ($ MILLION)
TABLE 25 POPULATION GROWTH ESTIMATION IN URBAN AREA FOR ASIA FROM 1950 TO 2030
TABLE 26 ASIA PACIFIC SMART ELEVATOR MARKET REVENUE BY APPLICATIONS, 2013-2020 ($ MILLION)
TABLE 27 LAMEA SMART ELEVATOR MARKET REVENUE BY APPLICATIONS, 2013-2020 ($ MILLION)
TABLE 28 SCHINDLER HOLDING AG SNAPSHOT
TABLE 29 HONEYWELL INTERNATIONAL INC SNAPSHOT
TABLE 30 OTIS ELEVATOR CORPORATION SNAPSHOT
TABLE 31 HYUNDAI ELEVATOR CO. LTD. SNAPSHOT
TABLE 32 MITSUBISHI ELECTRIC CORPORATION SNAPSHOT
TABLE 33 KONE ELEVATORS SNAPSHOT
TABLE 34 THYSSENKRUPP AG SNAPSHOT
TABLE 35 FUJITEC SNAPSHOT
TABLE 36 BOSCH SECURITY SYSTEMS SNAPSHOT
TABLE 37 HITACHI LTD SNAPSHOT
LIST OF FIGURES
FIG. 1 TOP IMPACTING FACTORS, MODERATE GROWTH SCENARIO (2020 - 2025)
FIG. 2 TOP IMPACTING FACTORS, RAPID GROWTH SCENARIO (2020 - 2025)
FIG. 3 TOP IMPACTING FACTORS, DIMINISHING GROWTH SCENARIO (2020 - 2025)
FIG. 1 TOP IMPACTING FACTORS
FIG. 2 TOP WINNING STRATEGIES
FIG. 3 TOP WINING STRATEGIES ANALYSIS
FIG. 4 TOP INVESTMENT POCKETS OF SMART ELEVATOR MARKET
FIG. 5 VALUE CHAIN OF SMART ELEVATOR MARKET
FIG. 6 MARKET SHARE ANALYSIS, 2013
FIG. 7 U.S. ELECTRICITY PRICE CHANGE
FIG. 8 ENERGY CONSUMPTION BY APPLICATIONS IN BUILDINGS
FIG. 9 GLOBAL RISE IN SPENDING CAPABILITIES OUT OF TOTAL INCOME IN PERCENTAGE, 2012
FIG. 10 TOTAL TIME SPENT BY OFFICE WORKERS WAITING FOR AN ELEVATOR IN 2010
FIG. 11 KEY FINANCIALS OF SCHINDLER HOLDING AG, 2012-2013 ($ MILLION)
FIG. 12 SWOT ANALYSIS OF SCHINGLER HOLDING AG
FIG. 13 KEY FINANCIALS OF REVENUE GENERATED BY HONEYWELL INTERNATIONAL INCORPORATION 2009-2013 ($ MILLION )
FIG. 14 HONEYWELLL INTERNATIONAL INCORPORATION’S NET SALES IN PERCENTAGE BY SEGMENT, 2013
FIG. 15 SWOT ANALYSIS OF HONEYWELL INTERNATIONAL INCORPORATION
FIG. 16 SWOT ANALYSIS OF OTIS ELEVATOR
FIG. 17 KEY FINANCIALS OF HYUNDAI ELEVATOR CO. LTD. 2011-2013 ($ MILLION)
FIG. 18 SWOT ANALYSIS OF HYUNDAI ELEVATORS
FIG. 19 KEY FINANCIALS OF MITSIBISHI ELECTRRIC CORPORATION IN $ MILLIONS, 2012-2014 (YEAR END MARCH)
FIG. 20 NET SALES OF MITSUBISHI ELETCRIC CORPORATION IN PERCENTAGE BY SEGMENTS 2014
FIG. 21 SWOT ANALYSIS OF MITSUBISHI ELECTRIC CORPORATION
FIG. 22 KEY FINANCIALS OF KONE ELEVATORS CO. LTD, 2011-2013 ($ MILLION )
FIG. 23 REVENUE GENERATED BY KONE ELEVATORS IN PERCENTAGE BY REGIONS 2013
FIG. 24 SWOT ANALYSIS OF KONE ELEVATORS
FIG. 25 NETSALES OF THYSSENKRUPP IN PERCENTAGE BY SEGMENTS 2013
FIG. 26 SWOT ANALYSIS OF THYSSENKRUPP
FIG. 27 NET SALES OF FUJITEC, 2011-2013 ($ MILLION)
FIG. 28 NET SALES OF FUJITEC IN PERCENTAGE BY REGIONS, 2012
FIG. 29 SWOT ANALYSIS OF FUJITEC
FIG. 30 KEY FINANCIALS OF BOSCH SECURITY SYSTEMS, 2012-2013 ($ MILLIONS)
FIG. 31 SALES OF BOSCH SECURITY SYSTEMS IN PERCENTAGE BY REGIONS, 2013
FIG. 32 SALES OF BOSCH SECURITY SYSTEMS IN PERCENTAGE BY SEGMENTS ,2013
FIG. 33 SWOT ANALYSIS OF BOSCH SECURITY SYSTEMS
FIG. 34 KEY FINANCIALS OF HITACHI, 2011-2013 ($ MILLION)
FIG. 35 REVENUE GENERATED BY HITACHI LTD. IN PERCENTAGE BY REGIONS 2013
FIG. 36 SWOT ANALYSIS OF HITACHI LTD.
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