Smart Elevator Market Size & Share

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Smart Elevator Market Size, Share & Industry Growth Analysis Report by Component (Control System, Maintenance System, Communication System), Application (Residential, Commercial, Institutional), Services, and Region - Global Forecast

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Report Code: SE 1458 Feb, 2026, by marketsandmarkets.com

Smart Elevator Market Market Summary

The global Smart Elevator Market was valued at approximately USD 23 billion in 2025 and is projected to reach nearly USD 49 billion by 2036, expanding at a CAGR of around 7.0% during the forecast period. The market is witnessing strong momentum due to rapid urbanization, increasing investments in smart buildings, and rising demand for energy-efficient vertical transportation systems. The integration of Artificial Intelligence (AI), Internet of Things (IoT), predictive maintenance platforms, cloud-based monitoring, and touchless automation technologies is transforming conventional elevators into intelligent mobility systems capable of improving operational efficiency, passenger safety, and building management.

The growing construction of high-rise residential and commercial infrastructure across emerging economies is significantly accelerating market demand. Governments worldwide are emphasizing sustainable infrastructure development and smart city initiatives, further encouraging the adoption of smart elevators equipped with energy regeneration systems, destination dispatch technologies, and AI-enabled traffic management systems. Additionally, the increasing modernization of aging elevator infrastructure in developed economies is creating substantial opportunities for market participants.

Key Market Trends & Insights

  • North America remains the leading regional market due to advanced smart building infrastructure and high adoption of AI-powered elevator systems.
  • Asia Pacific is projected to witness the fastest growth owing to rapid urban construction and smart city investments in China, India, and Southeast Asia.
  • Destination control systems continue to dominate the technology segment due to their ability to optimize passenger flow and reduce waiting time.
  • AI-enabled predictive maintenance solutions are becoming a major trend, minimizing downtime and improving equipment lifecycle management.
  • IoT-based remote monitoring platforms are transforming elevator maintenance and operational analytics.
  • Touchless and voice-enabled elevator technologies are gaining traction in commercial and healthcare buildings following increased focus on hygiene and automation.

Market Size & Forecast

  • Base Year Market Size (2025): USD 23 Billion
  • Forecast Market Value (2036): USD 49 Billion
  • CAGR (2025–2036): 7.0%
  • Growth is driven by rising smart infrastructure investments, integration of AI and IoT technologies, urban high-rise construction, and increasing demand for energy-efficient building systems.

Smart Elevator Market Top 10 key takeaway

  • Smart elevators are increasingly integrated with AI-driven predictive maintenance systems.
  • Commercial buildings account for the largest share of global market demand.
  • Destination dispatch systems remain the most widely adopted smart elevator technology.
  • Asia Pacific is emerging as the fastest-growing regional market.
  • Smart city initiatives are accelerating installation of intelligent vertical mobility solutions.
  • IoT-enabled elevators improve operational monitoring and reduce maintenance costs.
  • Energy-efficient regenerative drives are becoming standard in premium installations.
  • Cloud-connected elevator analytics platforms are gaining significant industry adoption.
  • Modernization of legacy elevator systems is creating strong opportunities in developed economies.
  • Major companies are focusing on touchless control systems and digital service ecosystems.

Product Insights

Passenger smart elevators represent the leading product segment in the Smart Elevator Market due to their widespread deployment across residential towers, commercial complexes, hotels, airports, and mixed-use developments. The increasing global trend toward urban high-rise living and premium office infrastructure has substantially increased the demand for intelligent passenger elevators capable of reducing congestion and improving traffic management. These systems utilize AI-powered destination dispatch technologies to optimize travel routes, reduce energy consumption, and enhance passenger convenience.

Commercial office buildings particularly favor advanced smart elevators equipped with real-time analytics, cloud monitoring, biometric access systems, and automated traffic management capabilities. As companies prioritize smart workplace ecosystems, elevator systems are becoming integrated with broader building management systems (BMS), allowing seamless communication between HVAC, lighting, security, and mobility infrastructure.

Freight and service smart elevators are also witnessing notable growth due to expanding logistics facilities, industrial automation, hospitals, and warehousing infrastructure. Industrial facilities increasingly require automated freight elevators capable of supporting operational efficiency while minimizing downtime through predictive diagnostics.

Emerging product categories include touchless elevators, voice-assisted elevators, and mobile app-controlled systems. These technologies gained momentum following increased demand for contactless infrastructure solutions. AI integration is further enabling adaptive learning algorithms that analyze passenger movement patterns and optimize elevator allocation in real time, significantly improving efficiency in high-traffic buildings.

Technology / Component Insights

The Smart Elevator Market is heavily influenced by rapid advancements in AI, IoT, cloud computing, automation, and digital connectivity technologies. Destination control systems currently represent one of the most critical technologies driving market expansion. These systems group passengers traveling to similar floors, minimizing travel time and improving building traffic efficiency.

IoT-enabled sensors play a major role in modern elevator systems by continuously monitoring vibration, motor performance, door operations, and energy usage. The collected data is transmitted to centralized cloud platforms where AI-based analytics identify potential failures before breakdowns occur. Predictive maintenance capabilities significantly reduce service interruptions and maintenance expenses while extending equipment lifespan.

Cloud-based elevator management platforms are increasingly becoming standard in large commercial buildings. These systems provide building managers with real-time insights into elevator performance, passenger traffic patterns, maintenance schedules, and energy consumption. The ability to remotely monitor and diagnose elevator systems has become especially valuable for property management firms operating multiple facilities.

Automation technologies such as facial recognition access control, voice-command systems, and touchless gesture controls are gaining traction in premium commercial and residential projects. Smart elevators integrated with digital twins and building automation ecosystems are expected to represent a major innovation trend during the forecast period.

Energy-efficient regenerative drive systems are also becoming a major technological component within the market. These systems capture unused energy generated during elevator operation and redirect it back into the building’s electrical grid, helping reduce overall energy consumption and support sustainability targets.

Application Insights

Commercial buildings remain the dominant application segment in the Smart Elevator Market due to rising investments in smart offices, malls, hotels, airports, hospitals, and mixed-use developments. Large commercial facilities require highly efficient vertical transportation systems capable of handling substantial passenger traffic while minimizing waiting times and operational disruptions.

The increasing adoption of smart building technologies is further supporting growth within this segment. Property developers and building owners are prioritizing intelligent infrastructure solutions that improve energy efficiency, tenant experience, and building automation integration. Smart elevators equipped with IoT connectivity and AI-powered analytics align well with these evolving requirements.

Residential applications are also experiencing strong growth due to increasing urbanization and the rising construction of high-rise apartments and luxury residential complexes. Modern residential consumers increasingly demand convenience-oriented features such as smartphone-based elevator access, personalized floor recognition, and enhanced safety systems.

Healthcare infrastructure presents emerging opportunities for smart elevator deployment. Hospitals require reliable and efficient elevator systems capable of prioritizing emergency transportation, minimizing patient transfer delays, and supporting infection control protocols through touchless operation technologies.

Industrial and transportation sectors are additionally adopting intelligent elevator systems to improve operational efficiency and cargo movement in warehouses, factories, and transit hubs.

Regional Insights

North America currently dominates the Smart Elevator Market due to advanced building automation adoption, widespread modernization activities, and strong investments in sustainable infrastructure. The United States leads regional growth through extensive deployment of AI-enabled elevator systems across commercial skyscrapers, airports, hospitals, and corporate campuses. Growing demand for predictive maintenance and energy-efficient mobility systems continues to drive innovation within the region.

Europe represents another major market supported by strict energy efficiency regulations, smart city programs, and modernization of aging building infrastructure. Countries such as Germany, France, and the United Kingdom are increasingly deploying cloud-connected elevator systems integrated with building management technologies. Sustainability initiatives and carbon reduction goals are also encouraging adoption of regenerative elevator technologies.

Asia Pacific is projected to register the fastest CAGR during the forecast period due to rapid urbanization, population growth, and expanding construction activities. China remains a global leader in high-rise construction, creating significant demand for intelligent vertical transportation systems. Japan and South Korea are emphasizing advanced robotics, automation, and AI integration in elevator technologies. India is also emerging as a high-growth market owing to expanding metro cities and smart infrastructure development initiatives.

The Middle East is witnessing growing adoption of smart elevators across luxury commercial towers, hotels, and mega infrastructure projects. Latin America is gradually adopting smart building technologies, particularly in Brazil and Mexico.

  • North America leads the global market through advanced smart infrastructure investments.
  • Europe benefits from strong sustainability regulations and modernization initiatives.
  • Asia Pacific records the fastest growth due to urban high-rise construction.
  • China represents one of the largest smart elevator deployment markets globally.
  • Emerging economies are increasingly investing in intelligent building ecosystems.

United States-Specific Market Trends

The United States continues to dominate North American demand due to growing investments in commercial smart buildings and modernization of existing elevator infrastructure. AI-powered predictive maintenance and touchless control systems are increasingly being deployed across corporate offices, airports, healthcare facilities, and residential complexes.

Canada-Specific Market Trends

Canada is witnessing rising adoption of energy-efficient elevator technologies aligned with green building standards and sustainable urban development policies. Smart commercial infrastructure projects in cities such as Toronto and Vancouver are accelerating demand.

Mexico-Specific Market Trends

Mexico is experiencing steady growth driven by expanding commercial construction activities and increasing foreign investments in smart infrastructure development.

China-Specific Market Trends

China remains the largest contributor to Asia Pacific market expansion. Massive urbanization, high-rise residential development, and smart city initiatives are fueling extensive deployment of AI-enabled elevator systems. The country is projected to witness a CAGR of approximately 8.5% through 2036.

Japan-Specific Market Trends

Japan continues to focus on advanced automation and robotics integration within elevator systems. Aging population concerns and high-density urban infrastructure are encouraging demand for efficient and intelligent vertical transportation systems.

Germany-Specific Market Trends

Germany’s market growth is supported by industrial modernization, sustainable infrastructure policies, and strong adoption of Industry 4.0 technologies within commercial buildings.

France-Specific Market Trends

France is increasingly investing in energy-efficient building technologies and smart urban mobility infrastructure, supporting adoption of connected elevator systems.

  • China remains the fastest-growing national market in Asia Pacific.
  • The United States leads AI-enabled elevator modernization initiatives.
  • Japan emphasizes robotics and automation integration.
  • Germany focuses on sustainability and industrial smart infrastructure.
  • Canada continues adopting energy-efficient smart building technologies.

Key Smart Elevator Market Company Insights

Major companies operating in the Smart Elevator Market are focusing heavily on AI integration, digital transformation, predictive maintenance platforms, and energy-efficient technologies to strengthen their market positions. Leading players are investing in smart mobility ecosystems capable of integrating elevators with broader building management infrastructure.

Otis Worldwide Corporation continues to focus on cloud-connected elevator solutions and predictive maintenance technologies through its digital service platforms.
KONE Corporation is emphasizing AI-powered people flow optimization and smart building integration solutions.
Schindler Group is investing in IoT-enabled elevator analytics and touchless mobility technologies.
TK Elevator is expanding its digital elevator service ecosystem with predictive maintenance capabilities.
Mitsubishi Electric Corporation focuses on high-speed intelligent elevators equipped with advanced automation and energy-saving systems.
Hitachi Ltd. is strengthening its smart infrastructure offerings through AI-based elevator management technologies.
Hyundai Elevator Co., Ltd. is developing connected elevator platforms integrated with smart city infrastructure.
Fujitec Co., Ltd. continues expanding its portfolio of intelligent and energy-efficient elevator systems globally.

These companies are increasingly prioritizing strategic partnerships with smart building solution providers, cloud service companies, and AI technology firms to expand digital capabilities and improve customer experience.

  • Major companies are investing in AI-powered predictive maintenance systems.
  • Cloud-connected elevator platforms are becoming a competitive differentiator.
  • Companies are focusing on energy-efficient regenerative technologies.
  • Strategic partnerships are supporting smart building integration capabilities.
  • Touchless and mobile-controlled elevators are emerging as innovation priorities.

Recent Developments

In 2025, several leading elevator manufacturers introduced AI-powered predictive maintenance platforms capable of identifying operational failures before system breakdowns occur, significantly reducing downtime in commercial buildings.

A major strategic partnership between smart building software providers and elevator manufacturers was announced to enhance cloud-based building mobility management and improve real-time passenger flow analytics.

Multiple companies also launched touchless elevator solutions integrated with facial recognition and smartphone access technologies, responding to growing demand for hygienic and contactless building infrastructure.

Market Segmentation

The Smart Elevator Market is segmented by product, technology, application, and region. By product, the market includes passenger elevators, freight elevators, service elevators, and platform elevators, with passenger elevators accounting for the largest market share due to rapid urban high-rise construction. By technology/component, the market comprises destination dispatch systems, IoT sensors, predictive maintenance platforms, cloud connectivity systems, access control systems, and regenerative drives. Destination dispatch and predictive maintenance technologies are witnessing particularly strong demand due to operational efficiency benefits.

Based on application, the market is categorized into commercial, residential, industrial, healthcare, transportation, and institutional sectors. Commercial applications dominate global demand owing to the increasing adoption of smart building technologies and intelligent infrastructure solutions. Regionally, North America leads the market, while Asia Pacific represents the fastest-growing region driven by rapid infrastructure expansion and smart city development.

  • Passenger elevators dominate the product segment.
  • Destination dispatch systems lead the technology segment.
  • Commercial buildings remain the largest application area.
  • North America holds the highest market share globally.
  • Asia Pacific records the fastest forecast growth rate.

Conclusion

The Smart Elevator Market is expected to witness substantial growth through 2036 as intelligent infrastructure, smart city development, and digital transformation initiatives continue accelerating worldwide. AI, IoT, cloud computing, and predictive analytics are fundamentally reshaping elevator operations by improving efficiency, reducing maintenance costs, and enhancing passenger experiences.

The increasing construction of high-rise buildings, modernization of aging infrastructure, and growing focus on sustainability are expected to create long-term growth opportunities for industry participants. Companies investing in AI-enabled mobility solutions, touchless technologies, and integrated building automation ecosystems are likely to gain strong competitive advantages in the evolving global market landscape.

FAQs

1. What is the current size of the Smart Elevator Market?

The Smart Elevator Market was valued at approximately USD 23 billion in 2025.

2. What is the expected growth rate of the market?

The market is projected to grow at a CAGR of around 7.0% between 2025 and 2036.

3. What are the major growth drivers of the Smart Elevator Market?

Key drivers include smart city development, AI and IoT integration, urban high-rise construction, energy efficiency requirements, and predictive maintenance adoption.

4. Which region dominates the Smart Elevator Market?

North America currently leads the market due to advanced smart infrastructure adoption and modernization investments.

5. Which companies are leading the Smart Elevator Market?

 

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 27)
    1.1 STUDY OBJECTIVES
    1.2 MARKET DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 SMART ELEVATOR MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 MARKET VOLUME
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH DATA
           FIGURE 2 RESEARCH FLOW
           FIGURE 3 SMART ELEVATOR MARKET : RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market share by bottom-up analysis
                               FIGURE 4 SMART ELEVATOR MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (SUPPLY SIDE - PART I)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (SUPPLY SIDE – PART II)
                               FIGURE 6 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market share by top-down analysis
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: (DEMAND SIDE)
                               FIGURE 8 TOP-DOWN APPROACH
    2.3 DATA TRIANGULATION
           FIGURE 9 DATA TRIANGULATION
    2.4 ASSUMPTIONS
    2.5 RISK ASSESSMENT
           TABLE 1 LIMITATIONS AND ASSOCIATED RISKS

3 EXECUTIVE SUMMARY (Page No. - 44)
    FIGURE 10 COVID-19 IMPACT ON SMART ELEVATOR MARKET
    3.1 REALISTIC SCENARIO
    3.2 PESSIMISTIC SCENARIO
    3.3 OPTIMISTIC SCENARIO
    3.4 INITIATIVES BY KEY ELEVATOR PLAYERS DURING PANDEMIC
           3.4.1 PURIFICATION SYSTEMS
                    TABLE 2 INITIATIVES IN PURIFICATION SYSTEMS
           3.4.2 TOUCHLESS SOLUTIONS
                    TABLE 3 INITIATIVES IN TOUCHLESS SOLUTIONS
           3.4.3 PASSENGER COMMUNICATIONS
                    TABLE 4 INITIATIVES IN PASSENGER COMMUNICATIONS
           3.4.4 SOCIAL DISTANCING
                    TABLE 5 INITIATIVES IN SOCIAL DISTANCING
                    FIGURE 11 SMART ELEVATOR MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
                    FIGURE 12 MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    FIGURE 13 MARKET, BY SERVICE, 2021–2026 (USD MILLION)
                    FIGURE 14 MARKET IN APAC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 51)
    4.1 ATTRACTIVE OPPORTUNITIES IN MARKET
           FIGURE 15 URBANIZATION COUPLED WITH EVOLUTION OF SMART BUILDINGS DRIVING MARKET
    4.2 MARKET, BY COMPONENT
           FIGURE 16 CONTROL SYSTEM TO GROW AT HIGHEST CAGR IN FORECAST PERIOD
    4.3 MARKET, BY APPLICATION
           FIGURE 17 COMMERCIAL SEGMENT TO BE DOMINANT APPLICATION FOR SMART ELEVATORS
    4.4 MARKET, BY SERVICE
           FIGURE 18 NEW INSTALLATION TO HOLD LARGEST SHARE IN MARKET DURING FORECASTED PERIOD
    4.5 MARKET FOR APAC, BY SERVICE AND COUNTRY (2021)
           FIGURE 19 CHINA TO ACCOUNT FOR LARGEST SHARE OF MARKET
    4.6 MARKET, BY REGION
           FIGURE 20 APAC TO GROW AT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 54)
    5.1 MARKET DYNAMICS
           FIGURE 21 GLOBAL SMART ELEVATOR MARKET DYNAMICS
           5.1.1 DRIVERS
                    5.1.1.1 Increased construction of high-rise buildings equipped with smart vertical transportation systems due to rapid urbanization
                               FIGURE 22 URBAN AND RURAL POPULATION, 1950–2050
                    5.1.1.2 Growing need for reducing energy consumption in buildings
                    5.1.1.3 Growing aging population will facilitate development of better infrastructure within buildings
                               FIGURE 23 NUMBER OF PEOPLE AGED 65 YEARS AND ABOVE, BY REGION, 2019 AND 2050
                    5.1.1.4 Smart cities to boost installation of smart elevators
                    5.1.1.5 Modernization of old buildings
           5.1.2 DRIVERS IMPACT ON MARKET
                    FIGURE 24 MARKET DRIVERS AND THEIR IMPACT
           5.1.3 RESTRAINTS
                    5.1.3.1 High cost to install smart elevators
           5.1.4 RESTRAINTS IMPACT ON SMART ELEVATOR MARKET
                    FIGURE 25 MARKET RESTRAINTS AND THEIR IMPACT
           5.1.5 OPPORTUNITIES
                    5.1.5.1 Inclination toward green technologies in construction industry
                    5.1.5.2 Data analytics for predictive maintenance of elevators
           5.1.6 OPPORTUNITIES IMPACT ON MARKET
                    FIGURE 26 MARKET OPPORTUNITIES AND THEIR IMPACT
           5.1.7 CHALLENGES
                    5.1.7.1 Economic slowdown
                    5.1.7.2 Integration of smart elevator components in existing elevators
           5.1.8 CHALLENGES IMPACT ON MARKET
                    FIGURE 27 MARKET CHALLENGES AND THEIR IMPACT
    5.2 VALUE CHAIN ANALYSIS
           FIGURE 28 MARKET VALUE CHAIN
           5.2.1 RESEARCH AND DEVELOPMENT
           5.2.2 COMPONENT MANUFACTURER
           5.2.3 MANUFACTURER
           5.2.4 SOFTWARE & SERVICE
           5.2.5 INTEGRATOR
           5.2.6 END-USE APPLICATION
    5.3 ECOSYSTEM ANALYSIS FOR SMART ELEVATORS
           FIGURE 29 SMART ELEVATOR MARKET ECOSYSTEM AND ADJACENT ECOSYSTEMS
           TABLE 6 ECOSYSTEM COMPANIES
    5.4 YC-YCC SHIFT FOR MARKET
    5.5 PORTERS FIVE FORCE ANALYSIS
           TABLE 7 IMPACT OF PORTERS FIVE FORCES ON MARKET
    5.6 SMART ELEVATOR USE CASES
           5.6.1 INTRODUCTION
           5.6.2 CASE STUDY 1: HONEYWELL: CORPORATE OFFICE RENOVATIONS
                    TABLE 8 HONEYWELL HELPED CORPORATE OFFICE RENOVATION IN US
           5.6.3 CASE STUDY 2: KONE CORPORATION: 180 BRISBANE COMMERCIAL OFFICES, AUSTRALIA
                    TABLE 9 KONE CORPORATION SUPPORTED COMMERCIAL OFFICES IN AUSTRALIA
           5.6.4 CASE STUDY 3: OTIS ELEVATORS: BAHRAIN WORLD TRADE CENTER
                    TABLE 10 OTIS SUPPORTED BAHRAIN WORLD TRADE CENTER TO INSTALL ELEVATORS
    5.7 TECHNOLOGY TRENDS : SMART ELEVATOR MARKET
           5.7.1 ADOPTION OF ECO-FRIENDLY PRODUCTS
           5.7.2 ARTIFICIAL INTELLIGENCE
           5.7.3 INTUITIVE ELEVATOR TECHNOLOGY
           5.7.4 INTERNET OF THINGS
           5.7.5 CONNECTIVITY 5G TECHNOLOGY
    5.8 PRICING ANALYSIS
           TABLE 11 ASP OF SMART ELEVATOR PRODUCT TYPES, 2020 (USD)
    5.9 TRADE ANALYSIS
           FIGURE 30 LIFTING, HANDLING, LOADING, OR UNLOADING MACHINERY IMPORT, BY KEY COUNTRIES, 2016-2019 (USD MILLION)
           FIGURE 31 LIFTING, HANDLING, LOADING OR UNLOADING MACHINERY EXPORT, BY KEY COUNTRIES, 2016-2019 (USD MILLION)
           TABLE 12 IMPORT OF LIFTING, HANDLING, LOADING, OR UNLOADING MACHINERY, BY REGION, 2016–2019 (USD MILLION)
           TABLE 13 EXPORT OF LIFTING, HANDLING, LOADING, OR UNLOADING MACHINERY, BY REGION, 2016–2019 (USD MILLION)
    5.10 PATENT ANALYSIS
           FIGURE 32 PATENT ANALYSIS RELATED TO MARKET
    5.11 STANDARDS AND REGULATORY LANDSCAPE
           5.11.1 STANDARDS FOR SAFETY AND ACCESSIBILITY IN EUROPE
           5.11.2 LIFT/ELEVATOR STANDARDS IN ASIA-PACIFIC (INDIA)
           5.11.3 LIFT/ELEVATOR STANDARDS IN AMERICA
           5.11.4 BACNET: COMMUNICATION PROTOCOL

6 SMART ELEVATOR MARKET, BY COMPONENT (Page No. - 73)
    6.1 INTRODUCTION
           FIGURE 33 MARKET, BY COMPONENT
           FIGURE 34 CONTROL SYSTEM TO LEAD MARKET
           TABLE 14 MARKET, BY COMPONENT, 2017–2020 (USD MILLION)
           TABLE 15 MARKET, BY COMPONENT, 2021–2026 (USD MILLION)
    6.2 CONTROL SYSTEMS
           6.2.1 INTEGRATION OF DESTINATION-ORIENTED TECHNOLOGY WITHIN ELEVATORS TO MINIMIZE RISING CONGESTION TO BOOST DEMAND FOR CONTROL SYSTEMS
                    TABLE 16 MARKET FOR CONTROL SYSTEM, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 17 MARKET FOR CONTROL SYSTEM, BY TYPE, 2021–2026 (USD MILLION)
           6.2.2 ELEVATOR CONTROL SYSTEMS
           6.2.3 SECURITY CONTROL SYSTEMS
                    TABLE 18 MARKET FOR SECURITY CONTROL SYSTEM, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 19 SMART ELEVATOR MARKET FOR SECURITY CONTROL SYSTEM, BY TYPE, 2021–2026 (USD MILLION)
                    6.2.3.1 Surveillance camera
                    6.2.3.2 Intruder camera system
                    6.2.3.3 Fire alarm system
                    6.2.3.4 Visitor management system
           6.2.4 ACCESS CONTROL SYSTEM
                    TABLE 20 MARKET FOR ACCESS CONTROL SYSTEM, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 21 MARKET FOR ACCESS CONTROL SYSTEM, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 22 MARKET FOR ACCESS CONTROL SYSTEM, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 23 MARKET FOR ACCESS CONTROL SYSTEM, BY APPLICATION, 2017–2020 (USD MILLION)
                    6.2.4.1 Biometrics access control systems
                               TABLE 24 MARKET FOR BIOMETRICS, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 25 MARKET FOR BIOMETRICS, BY APPLICATION, 2021–2026 (USD MILLION)
                    6.2.4.2 Card-based access control systems
                               TABLE 26 MARKET FOR CARD-BASED ACCESS CONTROL SYSTEM, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 27 SMART ELEVATOR MARKET FOR CARD-BASED ACCESS CONTROL SYSTEM, BY APPLICATION, 2021–2026 (USD MILLION)
                    6.2.4.3 Touch screen- & keypad-based access control systems
                               TABLE 28 MARKET FOR TOUCH SCREEN & KEYPAD, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 29 MARKET FOR TOUCH SCREEN & KEYPAD, BY APPLICATION, 2021–2026 (USD MILLION)
           6.2.5 SENSORS
                    TABLE 30 MARKET FOR SENSOR, BY TYPE, 2017–2020 (USD MILLION)
                    TABLE 31 MARKET FOR SENSOR, BY TYPE, 2021–2026 (USD MILLION)
    6.3 MAINTENANCE SYSTEM
           6.3.1 PREDICTIVE MAINTENANCE—NEW TREND IN ELEVATOR MARKET
    6.4 COMMUNICATION SYSTEM
           6.4.1 COMMUNICATION SYSTEMS INTEGRAL FOR DATA TRANSFER

7 SMART ELEVATOR MARKET, BY APPLICATION (Page No. - 83)
    7.1 INTRODUCTION
           FIGURE 35 MARKET, BY APPLICATION
           FIGURE 36 COMMERCIAL SEGMENT TO CONTINUE TO HOLD LARGEST SIZE OF MARKET DURING FORECAST PERIOD
           TABLE 32 MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 33 MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    7.2 RESIDENTIAL
           7.2.1 GROWING HIGH-RISE RESIDENTIAL BUILDING CONSTRUCTION IS FUELING DEMAND FOR ENERGY-EFFICIENT ELEVATORS
                    TABLE 34 MARKET FOR RESIDENTIAL, BY SERVICE, 2017–2020 (USD MILLION)
                    TABLE 35 MARKET FOR RESIDENTIAL, BY SERVICE, 2021–2026 (USD MILLION)
                    TABLE 36 MARKET FOR RESIDENTIAL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 37 MARKET FOR RESIDENTIAL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 38 MARKET FOR RESIDENTIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 39 MARKET FOR RESIDENTIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 40 SMART ELEVATOR MARKET FOR RESIDENTIAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 41 MARKET FOR RESIDENTIAL APPLICATION IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 42 MARKET FOR RESIDENTIAL APPLICATION IN ASIA PACIFIC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 43 MARKET FOR RESIDENTIAL APPLICATION IN ASIA PACIFIC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 44 MARKET FOR RESIDENTIAL APPLICATION IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 45 MARKET FOR RESIDENTIAL APPLICATION IN ROW, BY REGION, 2021–2026 (USD MILLION)
    7.3 COMMERCIAL
           7.3.1 NEED TO OPTIMIZE TRAFFIC FLOW IN ELEVATORS IN COMMERCIAL SPACES TO RAISE DEMAND FOR SMART ELEVATORS
                    TABLE 46 MARKET FOR COMMERCIAL, BY SERVICE, 2017–2020 (USD MILLION)
                    TABLE 47 MARKET FOR COMMERCIAL, BY SERVICE, 2021–2026 (USD MILLION)
                    TABLE 48 MARKET FOR COMMERCIAL, BY END USER, 2017–2020 (USD MILLION)
                    TABLE 49 MARKET FOR COMMERCIAL, BY END USER, 2021–2026 (USD MILLION)
                    TABLE 50 MARKET FOR COMMERCIAL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 51 MARKET FOR COMMERCIAL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 52 MARKET FOR COMMERCIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 53 MARKET FOR COMMERCIAL APPLICATIONS IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 54 MARKET FOR COMMERCIAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 55 MARKET FOR COMMERCIAL, BY EUROPEAN COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 56 MARKET FOR COMMERCIAL APPLICATION IN ASIA PACIFIC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 57 MARKET FOR COMMERCIAL APPLICATION IN ASIA PACIFIC BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 58 SMART ELEVATOR MARKET FOR COMMERCIAL APPLICATION IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 59 MARKET FOR COMMERCIAL APPLICATION IN ROW, BY REGION, 2021–2026 (USD MILLION)
    7.4 INSTITUTIONAL
           7.4.1 FOCUS ON ENERGY SAVING AND PASSENGER SECURITY ARE BOOSTING DEMAND FOR SMART ELEVATORS FOR INSTITUTIONAL APPLICATIONS
                    TABLE 60 MARKET FOR INSTITUTIONAL, BY SERVICE, 2017–2020 (USD MILLION)
                    TABLE 61 MARKET FOR INSTITUTIONAL, BY SERVICE, 2021–2026 (USD MILLION)
                    TABLE 62 MARKET FOR INSTITUTIONAL, BY END USER, 2017–2020 (USD MILLION)
                    TABLE 63 MARKET FOR INSTITUTIONAL, BY END USER, 2021–2026 (USD MILLION)
                    TABLE 64 MARKET FOR INSTITUTIONAL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 65 MARKET FOR INSTITUTIONAL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 66 MARKET FOR INSTITUTIONAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 67 MARKET FOR INSTITUTIONAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 68 MARKET FOR INSTITUTIONAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 69 MARKET FOR INSTITUTIONAL APPLICATION IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 70 MARKET FOR INSTITUTIONAL APPLICATION IN ASIA PACIFIC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 71 MARKET FOR INSTITUTIONAL APPLICATION IN ASIA PACIFIC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 72 MARKET FOR INSTITUTIONAL APPLICATION IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 73 MARKET FOR INSTITUTIONAL APPLICATION IN ROW, BY REGION, 2021–2026 (USD MILLION)
    7.5 INDUSTRIAL
           7.5.1 NEED TO INCREASE SAFETY QUOTIENT OF INDUSTRIAL OPERATIONS TO DRIVE DEMAND FOR SMART ELEVATORS
                    TABLE 74 MARKET FOR INDUSTRIAL, BY SERVICE, 2017–2020 (USD MILLION)
                    TABLE 75 MARKET FOR INDUSTRIAL, BY SERVICE, 2021–2026 (USD MILLION)
                    TABLE 76 MARKET FOR INDUSTRIAL, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 77 SMART ELEVATOR MARKET FOR INDUSTRIAL, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 78 MARKET FOR INDUSTRIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 79 MARKET FOR INDUSTRIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 80 MARKET FOR INDUSTRIAL APPLICATION IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 81 MARKET FOR INDUSTRIAL APPLICATION IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 82 MARKET FOR INDUSTRIAL APPLICATION IN ASIA PACIFIC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 83 MARKET FOR INDUSTRIAL APPLICATION IN ASIA PACIFIC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 84 MARKET FOR INDUSTRIAL APPLICATION IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 85 MARKET FOR INDUSTRIAL APPLICATIONS IN ROW, BY REGION, 2021–2026 (USD MILLION)

8 SMART ELEVATOR MARKET, BY SERVICE (Page No. - 102)
    8.1 INTRODUCTION
           FIGURE 37 MARKET, BY SERVICE
           FIGURE 38 NEW INSTALLATION DOMINATES MARKET
           TABLE 86 MARKET, BY SERVICE, 2017–2020 (USD MILLION)
           TABLE 87 MARKET, BY SERVICE, 2021–2026 (USD MILLION)
    8.2 NEW INSTALLATION
           8.2.1 NEW CONSTRUCTION ACTIVITIES IN EMERGING ECONOMIES TO BOOST MARKET GROWTH
                    TABLE 88 MARKET FOR NEW INSTALLATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 89 MARKET FOR NEW INSTALLATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 90 MARKET FOR NEW INSTALLATION, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 91 MARKET FOR NEW INSTALLATION, BY APPLICATION, 2021–2026 (USD MILLION)
    8.3 MAINTENANCE
           8.3.1 INCORPORATION OF ADVANCED TECHNOLOGIES IN MAINTENANCE SOLUTIONS FOR REMOTE MONITORING OF ELEVATORS
                    TABLE 92 SMART ELEVATOR MARKET FOR MAINTENANCE, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 93 MARKET FOR MAINTENANCE, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 94 MARKET FOR MAINTENANCE, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 95 MARKET FOR MAINTENANCE, BY APPLICATION, 2021–2026 (USD MILLION)
    8.4 RENOVATION
           8.4.1 IMPLEMENTATION OF SAFETY REGULATIONS IN ELEVATORS TO DRIVE MARKET
                    TABLE 96 MARKET FOR RENOVATION, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 97 MARKET FOR RENOVATION, BY REGION, 2021–2026 (USD MILLION)
                    TABLE 98 MARKET FOR RENOVATION, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 99 MARKET FOR RENOVATION, BY APPLICATION, 2021–2026 (USD MILLION)

9 GEOGRAPHIC ANALYSIS (Page No. - 109)
    9.1 INTRODUCTION
           FIGURE 39 MARKET, BY REGION
           FIGURE 40 APAC TO LEAD MARKET
           TABLE 100 MARKET, BY REGION, 2017–2020 (USD MILLION)
           TABLE 101 MARKET, BY REGION, 2021–2026 (USD MILLION)
    9.2 NORTH AMERICA
           FIGURE 41 NORTH AMERICA: SNAPSHOT OF MARKET
           TABLE 102 MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 103 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 104 MARKET IN NORTH AMERICA, BY SERVICE, 2017–2020 (USD MILLION)
           TABLE 105 SMART ELEVATOR MARKET IN NORTH AMERICA, BY SERVICE, 2021–2026 (USD MILLION)
           TABLE 106 MARKET IN NORTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 107 MARKET IN NORTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)
           9.2.1 US
                    9.2.1.1 US companies heavily investing in smart building measures
                               TABLE 108 MARKET IN US, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 109 MARKET IN US, BY APPLICATION, 2021–2026 (USD MILLION)
           9.2.2 CANADA
                    9.2.2.1 Investments in residential segment to hold growth opportunities
                               TABLE 110 MARKET IN CANADA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 111 SMART ELEVATOR MARKET IN CANADA, BY APPLICATION, 2021–2026 (USD MILLION)
           9.2.3 MEXICO
                    9.2.3.1 Growth of commercial constructions to accelerate market growth
                               TABLE 112 MARKET IN MEXICO, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 113 MARKET IN MEXICO, BY APPLICATION, 2021–2026 (USD MILLION)
    9.3 EUROPE
           FIGURE 42 EUROPE: SNAPSHOT OF MARKET
           TABLE 114 MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 115 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 116 MARKET IN EUROPE, BY SERVICE, 2017–2020 (USD MILLION)
           TABLE 117 MARKET IN EUROPE, BY SERVICE, 2021–2026 (USD MILLION)
           TABLE 118 SMART ELEVATOR MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 119 MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
           9.3.1 UK
                    9.3.1.1 Smart city initiatives to reduce carbon footprint
                               TABLE 120 MARKET IN UK, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 121 MARKET IN UK, BY APPLICATION, 2021–2026 (USD MILLION)
           9.3.2 GERMANY
                    9.3.2.1 Germany—dominant market for smart elevators in Europe
                               TABLE 122 MARKET IN GERMANY, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 123 MARKET IN GERMANY, BY APPLICATION, 2021–2026 (USD MILLION)
           9.3.3 FRANCE
                    9.3.3.1 Renovation projects in residential segment to spur growth
                               TABLE 124 SMART ELEVATOR MARKET IN FRANCE, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 125 MARKET IN FRANCE, BY APPLICATION, 2021–2026 (USD MILLION)
           9.3.4 ITALY
                    9.3.4.1 Launch of Smart Building Alliance to promote smart buildings
                               TABLE 126 MARKET IN ITALY, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 127 MARKET IN ITALY, BY APPLICATION, 2017–2020 (USD MILLION)
           9.3.5 REST OF EUROPE
    9.4 APAC
           FIGURE 43 APAC: SNAPSHOT OF MARKET
           TABLE 128 MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 129 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 130 MARKET IN APAC, BY SERVICE, 2017–2020 (USD MILLION)
           TABLE 131 MARKET IN APAC, BY SERVICE, 2021–2026 (USD MILLION)
           TABLE 132 MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 133 MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 China to continue remaining dominant in APAC smart elevator market
                               TABLE 134 MARKET IN CHINA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 135 MARKET IN CHINA, BY APPLICATION, 2021–2026 (USD MILLION)
           9.4.2 JAPAN
                    9.4.2.1 Surging adoption of smart technologies
                               TABLE 136 MARKET IN JAPAN, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 137 MARKET IN JAPAN, BY APPLICATION, 2021–2026 (USD MILLION)
           9.4.3 INDIA
                    9.4.3.1 Government initiatives for 100 smart cities to fuel growth
                               TABLE 138 MARKET IN INDIA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 139 MARKET IN INDIA, BY APPLICATION, 2021–2026 (USD MILLION)
           9.4.4 SOUTH KOREA
                    9.4.4.1 Growing construction industry to offer opportunities for new installation of smart elevators
                               TABLE 140 MARKET IN SOUTH KOREA, BY APPLICATION, 2017–2020 (USD MILLION)
                               TABLE 141 MARKET IN AUSTRALIA, BY APPLICATION, 2021–2026 (USD MILLION)
           9.4.5 REST OF APAC
                    9.4.5.1 Australian government investments for smart cities to boost demand for smart elevators
    9.5 ROW
           TABLE 142 MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
           TABLE 143 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
           TABLE 144 SMART ELEVATOR MARKET IN ROW, BY SERVICE, 2017–2020 (USD MILLION)
           TABLE 145 MARKET IN ROW, BY SERVICE, 2021–2026 (USD MILLION)
           TABLE 146 MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 147 MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
           9.5.1 MIDDLE EAST & AFRICA
                    TABLE 148 MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 149 MARKET IN MIDDLE EAST & AFRICA, BY APPLICATION, 2021–2026 (USD MILLION)
           9.5.2 SOUTH AMERICA
                    TABLE 150 MARKET IN SOUTH AMERICA, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 151 MARKET IN SOUTH AMERICA, BY APPLICATION, 2021–2026 (USD MILLION)

10 COMPETITIVE LANDSCAPE (Page No. - 134)
     10.1 INTRODUCTION
     10.2 REVENUE ANALYSIS OF TOP 5 COMPANIES
               FIGURE 44 MARKET: MARKET SHARE ANALYSIS (2020)
     10.3 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS, 2020
               TABLE 152 MARKET: DEGREE OF COMPETITION
     10.4 COMPETITIVE EVALUATION QUADRANT, 2020
             10.4.1 STAR
             10.4.2 PERVASIVE
             10.4.3 EMERGING LEADER
             10.4.4 PARTICIPANT
                       FIGURE 45 MARKET, COMPANY EVALUATION MATRIX, 2020
     10.5 STARTUP/SME EVALUATION QUADRANT, 2020
             10.5.1 PROGRESSIVE COMPANIES
             10.5.2 RESPONSIVE COMPANIES
             10.5.3 DYNAMIC COMPANIES
             10.5.4 STARTING BLOCKS
                       FIGURE 46 SMART ELEVATOR MARKET, STARTUP/SME EVALUATION QUADRANT, 2020
     10.6 MARKET: PRODUCT FOOTPRINT
               TABLE 153 COMPANY PRODUCT FOOTPRINT
               TABLE 154 COMPANY REGIONAL FOOTPRINT
               TABLE 155 COMPANY INDUSTRIAL FOOTPRINT
               TABLE 156 COMPANY APPLICATION FOOTPRINT
     10.7 COMPETITIVE SITUATIONS AND TRENDS
             10.7.1 PRODUCT LAUNCHES
                       TABLE 157 MARKET: PRODUCT LAUNCHES
             10.7.2 DEALS
                       TABLE 158 MARKET: DEALS

11 COMPANY PROFILES (Page No. - 147)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 KEY PLAYERS
             11.1.1 OTIS ELEVATOR
                       TABLE 159 OTIS ELEVATOR: BUSINESS OVERVIEW
                       FIGURE 47 OTIS ELEVATOR: COMPANY SNAPSHOT
             11.1.2 KONE CORPORATION
                       TABLE 160 KONE CORPORATION: BUSINESS OVERVIEW
                       FIGURE 48 KONE CORPORATION: COMPANY SNAPSHOT
             11.1.3 SCHINDLER GROUP
                       TABLE 161 SCHINDLER GROUP: BUSINESS OVERVIEW
                       FIGURE 49 SCHINDLER GROUP: COMPANY SNAPSHOT
             11.1.4 THYSSENKRUPP AG
                       TABLE 162 THYSSENKRUPP AG: BUSINESS OVERVIEW
                       FIGURE 50 THYSSENKRUPP AG: COMPANY SNAPSHOT
             11.1.5 HITACHI LTD.
                       TABLE 163 HITACHI LTD: BUSINESS OVERVIEW
                       FIGURE 51 HITACHI LTD.: COMPANY SNAPSHOT
             11.1.6 HYUNDAI ELEVATORS CO., LTD.
                       TABLE 164 HYUNDAI ELEVATORS CO., LTD.: BUSINESS OVERVIEW
                       FIGURE 52 HYUNDAI ELEVATOR CO, LTD.: COMPANY SNAPSHOT
             11.1.7 MITSUBISHI ELECTRIC CORPORATION
                       TABLE 165 MITSUBISHI ELECTRIC CORPORATION: BUSINESS OVERVIEW
                       FIGURE 53 MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT
             11.1.8 FUJITEC CO., LTD.
                       TABLE 166 FUJITEC CO.LTD: BUSINESS OVERVIEW
                       FIGURE 54 FUJITEC CO., LTD.: COMPANY SNAPSHOT
             11.1.9 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION
                       TABLE 167 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: BUSINESS OVERVIEW
                       FIGURE 55 TOSHIBA ELEVATORS AND BUILDING SYSTEMS CORPORATION: COMPANY SNAPSHOT
             11.1.10 HONEYWELL
                       TABLE 168 HONEYWELL: BUSINESS OVERVIEW
                       FIGURE 56 HONEYWELL: COMPANY SNAPSHOT
     11.2 OTHER KEY PLAYERS
             11.2.1 MOTION CONTROL ENGINEERING
             11.2.2 THAMES VALLEY CONTROLS
             11.2.3 RIMROCK CORPORATION
             11.2.4 ROBUSTEL
             11.2.5 IBM
             11.2.6 ROBERT BOSCH GMBH
             11.2.7 LIFTINSIGHT
             11.2.8 KISI
             11.2.9 SICK AG
             11.2.10 PEPPERL +FUCHS
             11.2.11 KINTRONICS, INC
             11.2.12 OPENPATH SECURITY INC
             11.2.13 BRIVO
             11.2.14 SIGMA ELEVATOR COMPANY
             11.2.15 EMERALD ELEVATORS

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

12 ADJACENT AND RELATED REPORT (Page No. - 179)
     12.1 BUILDING AUTOMATION SYSTEM
     12.2 INTRODUCTION
               FIGURE 57 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION
               FIGURE 58 COMMERCIAL APPLICATION SEGMENT TO HOLD LARGEST SIZE OF BUILDING AUTOMATION SYSTEM MARKET FROM 2021 TO 2026
               TABLE 169 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2015–2020 (USD BILLION)
               TABLE 170 BUILDING AUTOMATION SYSTEM MARKET, BY APPLICATION, 2021–2026 (USD BILLION)
     12.3 RESIDENTIAL APPLICATIONS
             12.3.1 PREVALENCE OF SMART HOME AND SMART BUILDING TECHNOLOGIES IN RESIDENTIAL APPLICATIONS
             12.3.2 DIY HOME AUTOMATION
                       TABLE 171 BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY OFFERING, 2015–2020 (USD MILLION)
                       TABLE 172 BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY OFFERING, 2021–2026 (USD MILLION)
                       TABLE 173 BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2015–2020 (USD BILLION)
                       TABLE 174 BUILDING AUTOMATION SYSTEM MARKET FOR RESIDENTIAL APPLICATION, BY REGION, 2021–2026 (USD BILLION)
     12.4 COMMERCIAL APPLICATIONS
             12.4.1 EMERGENCE OF OFFICE BUILDINGS AS PROMINENT COMMERCIAL END USERS OF BUILDING AUTOMATION SYSTEMS
             12.4.2 OFFICE BUILDINGS
             12.4.3 RETAIL AND PUBLIC ASSEMBLY BUILDINGS
             12.4.4 HOSPITALS AND HEALTHCARE FACILITIES
             12.4.5 AIRPORTS AND RAILWAY STATIONS
                       TABLE 175 BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY OFFERING, 2015–2020 (USD MILLION)
                       TABLE 176 BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY OFFERING, 2021–2026 (USD MILLION)
                       TABLE 177 BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2015–2020 (USD BILLION)
                       TABLE 178 BUILDING AUTOMATION SYSTEM MARKET FOR COMMERCIAL APPLICATION, BY REGION, 2021–2026 (USD BILLION)
     12.5 INDUSTRIAL APPLICATION
             12.5.1 INCREASED ADOPTION OF SMART BUILDING SOLUTIONS IN MANUFACTURING FACILITIES TO ACHIEVE ENERGY AND COST SAVINGS
                       TABLE 179 BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY OFFERING, 2015–2020 (USD MILLION)
                       TABLE 180 BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY OFFERING, 2021–2026 (USD MILLION)
                       TABLE 181 BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2015–2020 (USD BILLION)
                       TABLE 182 BUILDING AUTOMATION SYSTEM MARKET FOR INDUSTRIAL APPLICATION, BY REGION, 2021–2026 (USD BILLION)

13 APPENDIX (Page No. - 188)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involves four major activities for estimating the size of the smart elevator market. Exhaustive secondary research has been conducted to collect information related to the market. The next step has been the validation of these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both top-down and bottom-up approaches have been employed to estimate the overall size of market. After that, market breakdown and data triangulation procedures have been used to determine the extent of different segments and subsegments of the market.

Secondary Research

Secondary sources referred to in this research study include corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers, certified publications, articles from recognized authors; directories; and databases. The secondary data has been collected and analyzed to arrive at the overall market size estimations, which have been further validated by primary research.

Primary Research

In the primary research process, a number of primary sources from both supply and demand sides have been interviewed to obtain the qualitative and quantitative information pertaining to this report. Several primary interviews have been conducted with market experts from both demand and supply sides (smart elevator manufacturers and distributors). This primary data has been collected through questionnaires, emails, and telephonic interviews. Approximately 40% of the primary interviews have been conducted with the demand side and 60% with the supply side. This primary data has been collected mainly through telephonic interviews, which accounted for 70% of the total primary interviews. Additionally, questionnaires and emails were used to collect the data.

Smart Elevator Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the smart elevator market and other dependent submarkets listed in this report.

  • The key players in the industry and markets have been identified through extensive secondary research.
  • Both the supply chain of the industry and the market size, in terms of value has been determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size, the total market has been split into several segments. To complete the overall market engineering process and arrive at exact statistics for all segments, the market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Study Objectives:

  • To describe and forecast the smart elevator market by component, application, services, and region, in terms of value
  • To forecast the market with respect to 4 main regions: North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW), in terms of value
  • To provide detailed information regarding the major factors, namely, drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To study and analyze the influence of COVID-19 on market during the forecast period
  • To analyze the competitive intelligence of players on the basis of company profiles, key growth strategies, and game-changing developments, such as product launches, product developments, partnership, agreement, and acquisitions
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To strategically profile key players, comprehensively analyze their market share and core competencies, and provide the competitive landscape of the market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for this report:

  • Detailed analysis and profiling of additional market players (Up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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