Smart Elevator Market Synopsis

Smart Elevator Market Size Was Valued at USD 20.45 Billion in 2023, and is Projected to Reach USD 58.56 Billion by 2032, Growing at a CAGR of 12.4% From 2024-2032.

A smart elevator is an elevator equipped with advanced technologies such as sensors, connectivity, and automation to improve efficiency, safety, and user experience. These elevators can optimize operations, reduce energy consumption, enhance security, and provide personalized services through features like predictive maintenance, destination dispatching, and touchless controls.

• Smart elevators, also known as intelligent elevators, are designed to optimize efficiency, convenience, and safety. They use algorithms to optimize routes based on user demand, time of day, and building traffic patterns, reducing wait times. They also have destination control systems that allow users to input their destination floor before entering the elevator, assigning them to the most appropriate car. Smart elevators also incorporate energy-saving features like regenerative drives and sensors to conserve energy. They can schedule maintenance proactively, minimizing downtime and reducing the risk of unexpected breakdowns.
• Access control features like card readers or biometric scanners restrict access to authorized individuals, and they can integrate with building security systems for enhanced safety. They can communicate with building management systems, allowing for centralized control and optimization of operations. They also enhance tenant experience with personalized greetings, destination settings, and real-time updates. They also provide data analytics for building owners and managers, ensuring safety during evacuation procedures or power outages. Building managers can remotely monitor and control smart elevators using dedicated software platforms or mobile apps.
• Smart elevators utilize advanced algorithms and sensors to optimize elevator operation, reducing wait times and energy consumption. They improve efficiency in high-traffic buildings by managing traffic flow intelligently. Safety features like emergency communication systems, fire detection sensors, and predictive maintenance capabilities ensure passenger safety. User experience is enhanced with destination control systems, touchless interfaces, and personalized services.
• Smart elevators contribute to sustainability by optimizing energy usage and reducing carbon emissions. Data analytics help optimize performance, predict maintenance needs, and identify usage trends. Integration with building systems like access control, security, and automation systems enhances operational efficiency and security. Smart elevators are future-proof, adapting to evolving needs and requirements with upgradable software and connectivity features.

Smart Elevator Market Trend Analysis

Improved Safety, Security and User Experience

• Smart elevators are innovative elevator systems that use advanced safety features to enhance passenger protection and reduce the risk of accidents. These include real-time monitoring, emergency response systems, predictive maintenance, access control, surveillance systems, and integration with building security systems. Real-time data allows for early detection of potential malfunctions or hazards, while emergency communication systems enable passengers to quickly summon help in case of emergencies.
• Smart elevators also use data analytics and predictive algorithms to anticipate maintenance needs before they lead to safety issues, reducing the risk of unexpected breakdowns and accidents. Access control restricts access to specific floors or areas based on user credentials, while surveillance systems monitor passenger activity to deter vandalism, theft, or other criminal activities. Smart elevators offer a more efficient and user-friendly solution for enhancing passenger safety and convenience.
• Integrated with building security systems allows for centralized monitoring and control of access points, alarms, and emergency response procedures. The overall passenger experience is improved by faster and more efficient transportation, personalized services based on passenger preferences, and enhanced comfort and convenience. By incorporating advanced safety features, enhancing user experience, and integrating with building security systems, smart elevators provide a safer and more efficient way for passengers to travel.

Restraint

Maintenance and technical expertise

• Smart elevators are a technology that has been gaining popularity due to their advanced features and advanced technology. However, there are several factors that may hinder their adoption, implementation, or performance. These include the high initial investment required, the complexity of the technology, compatibility issues, potential cyber threats, and regulatory compliance.
• To ensure optimal performance and reliability, smart elevators require regular maintenance, technical support, training, remote monitoring, and continuous improvement. Regular inspections, testing, and preventive maintenance are essential to identify potential issues before they escalate into costly problems or downtime. Access to skilled technicians or engineers is also necessary for troubleshooting and optimizing system performance.
• Training is also crucial for elevator maintenance personnel and building staff to effectively operate and maintain smart elevator systems. Remote monitoring, often enabled by IoT sensors and connectivity, allows for proactive maintenance and real-time problem resolution, minimizing downtime and improving efficiency.

Opportunity

Integration with Building Systems

• Smart elevators offer numerous benefits for building systems, including energy efficiency, traffic management, maintenance optimization, security enhancement, user experience enhancement, emergency response, and data analytics.
• By integrating with building management systems, they can optimize energy consumption based on occupancy, time of day, and other factors, reducing energy waste and operating costs. They can also anticipate and manage traffic flow, reducing wait times and improving overall efficiency.
• Furthermore, they can monitor performance in real-time, identifying potential issues before they occur, reducing downtime and maintenance costs. Integration with building access control systems restricts access to sensitive areas based on user credentials, enhancing security.
• Smart elevators can provide real-time updates on weather and traffic conditions, ensuring a safe and orderly evacuation. Data analytics from smart elevators can inform decision-making processes, leading to more efficient operations and improved tenant satisfaction.

Challenge

Power Outages and Backup Systems

• Smart elevators face challenges due to power outages, as they rely heavily on electricity for efficient operation. These disruptions can cause inconvenience for passengers and safety concerns. However, the failure of electronic components, sensors, and communication systems during a power outage can lead to elevator downtime.
• In emergency situations, such as fires or earthquakes, timely evacuation is critical. To address these issues, smart elevator systems often incorporate backup power solutions such as Uninterruptible Power Supply (UPS), Emergency Rescue Systems, and Energy Storage Systems. UPS systems provide temporary power, while emergency rescue systems activate during power outages.
• Energy storage systems store energy during normal operation and provide backup power during outages. Implementing robust backup systems ensures continuity of service and enhances passenger safety, but their effectiveness depends on factors like maintenance, monitoring, and the duration of the outage.

Smart Elevator Market Segment Analysis:

Smart Elevator Market Segmented based on type, component, and application.

By Type, Passenger segment is expected to dominate the market during the forecast period

• Rapid urbanization worldwide is increasing the demand for high-rise buildings, making smart elevators essential for efficient transport. These elevators focus on safety, efficiency, and user experience, integrating advanced technologies like destination control systems, predictive maintenance, and real-time monitoring. They also offer enhanced user experiences through touchscreen interfaces, destination dispatch systems, and personalized settings.
• Energy-efficient technologies like regenerative drives, LED lighting, and standby modes are in high demand, reducing energy consumption and environmental impact. Smart elevators can integrate with smart building systems, enabling remote monitoring, data analytics, and predictive maintenance. The demand for smart elevators is growing in emerging economies, where modernizing infrastructure is essential for urban populations.
• Technological advancements like machine learning algorithms, artificial intelligence, and IoT sensors drive innovation in the passenger elevator segment. Government regulations and industry standards mandate safe and efficient elevator systems, making smart elevators preferred by building developers and owners.

By Application, Commercial segment held the largest share of 48.9% in 2023

• Smart elevator systems are increasingly being adopted in commercial buildings due to their potential to improve efficiency, reduce waiting times, and enhance user experience. These systems offer features like predictive maintenance, destination dispatching, and energy optimization, reducing operating costs and ensuring safety and security.
• They can be customized to meet specific needs, such as high-speed elevators for skyscrapers or wheelchair-accessible elevators for healthcare facilities. They are also scalable, allowing owners to expand or upgrade their systems as needed. Smart elevators can integrate seamlessly with other building management systems, enhancing overall building efficiency, sustainability, and tenant comfort.
• The growing trend towards smart buildings and IoT solutions has led to increased adoption of smart elevator systems in commercial properties, as building owners and developers recognize the benefits of integrating smart technologies to optimize performance, enhance tenant satisfaction, and future-proof their investments.

Smart Elevator Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

• North America, known for its technological advancements, is at the forefront of the smart elevator market. The region's densely populated urban centers with high-rise buildings drive the adoption of smart elevator systems to improve traffic flow, enhance user experience, and optimize building operations. North America's stringent building regulations and safety standards make smart elevator systems attractive for building owners and developers.
• The growing emphasis on energy efficiency and sustainability in North America, driven by environmental concerns and regulatory initiatives, drives the adoption of smart elevator systems. Urbanization and infrastructure development projects in North America create opportunities for smart elevator systems in new construction and retrofit projects. The robust construction industry in North America supports the construction of new commercial, residential, and institutional buildings, driving demand for efficient vertical transportation solutions.
• North America is an early adopter of smart building technologies, including IoT solutions, building automation systems, and integrated building management platforms. This combination of technological leadership, urbanization trends, regulatory requirements, sustainability initiatives, and strong construction activity positions North America as a key market for smart elevators, driving its dominance in the global market.

Smart Elevator Market Top Key Players:

• Otis Elevator Company (USA)
• Savaria Corporation (Canada)
• Delta Elevator Co. Ltd. (Canada)
• Thyssenkrupp Elevator AG (Germany)
• Schmersal Group (Germany)
• Wittur Group (Italy)
• Aritco Group (Sweden)
• Schindler Group (Switzerland)
• KONE Corporation (Finland)
• Shanghai Mitsubishi Elevator Co., Ltd. (China)
• Canny Elevator Co., Ltd. (China)
• SJEC Corporation (China)
• Express Lift Co., Ltd. (China)
• Suzhou Shenlong Elevator Co., Ltd. (China)
• Ningbo Xinda Group Co., Ltd. (China)
• Shenyang Brilliant Elevator Co., Ltd. (China)
• GiantKONE Elevator Co., Ltd. (China)
• Guangzhou Guangri Elevator Industry Co., Ltd. (China)
• Hyundai Elevator (China) Co., Ltd. (China)
• Hitachi Elevator (China) Co., Ltd. (China)
• Mitsubishi Electric Corporation (Japan)
• Fujitec Co., Ltd. (Japan)
• Hitachi, Ltd. (Japan)
• Toshiba Elevator and Building Systems Corporation (Japan)
• Hyundai Elevator Co., Ltd. (South Korea), and other major players

Key Industry Developments in the Smart Elevator Market

• In June 2023, Otis, a global leader in elevator and escalator solutions, announced the launch of its latest innovation, the Smart Gen3™ elevator. This cutting-edge addition enriches Otis' smart elevator product portfolio, offering advanced features tailored to meet the evolving needs of customers in the construction sector, particularly in China.
• In June 2023, Hyundai Elevators and KT officially inked a Memorandum of Understanding (MoU) to accelerate their collaborative endeavors in the Elevator Digital Transformation (DX) Expansion business. This strategic partnership marks a significant milestone in the evolution of smart elevators, leveraging cutting-edge technologies to redefine the vertical transportation landscape.

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION
   10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
       1. Geopolitical Market Disruptions
       2. Supply Chain Disruptions
       3. Instability in Emerging Markets
   11. ECOSYSTEM
6. SMART ELEVATORS MARKET BY TYPE (2017-2032)
   1. SMART ELEVATORS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. PASSENGER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. FREIGHT
   5. FIRE-PROOF
7. SMART ELEVATORS MARKET BY COMPONENT (2017-2032)
   1. SMART ELEVATORS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. MAINTENANCE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. CONTROL
   5. COMMUNICATION
8. SMART ELEVATORS MARKET BY APPLICATION (2017-2032)
   1. SMART ELEVATORS MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. RESIDENTIAL
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. COMMERCIAL
   5. INDUSTRIAL
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Smart Elevators Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. OTIS ELEVATOR COMPANY (USA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. SAVARIA CORPORATION (CANADA)
   4. DELTA ELEVATOR CO. LTD. (CANADA)
   5. THYSSENKRUPP ELEVATOR AG (GERMANY)
   6. SCHMERSAL GROUP (GERMANY)
   7. WITTUR GROUP (ITALY)
   8. ARITCO GROUP (SWEDEN)
   9. SCHINDLER GROUP (SWITZERLAND)
   10. KONE CORPORATION (FINLAND)
   11. SHANGHAI MITSUBISHI ELEVATOR CO., LTD. (CHINA)
   12. CANNY ELEVATOR CO., LTD. (CHINA)
   13. SJEC CORPORATION (CHINA)
   14. EXPRESS LIFT CO., LTD. (CHINA)
   15. SUZHOU SHENLONG ELEVATOR CO., LTD. (CHINA)
   16. NINGBO XINDA GROUP CO., LTD. (CHINA)
   17. SHENYANG BRILLIANT ELEVATOR CO., LTD. (CHINA)
   18. GIANTKONE ELEVATOR CO., LTD. (CHINA)
   19. GUANGZHOU GUANGRI ELEVATOR INDUSTRY CO., LTD. (CHINA)
   20. HYUNDAI ELEVATOR (CHINA) CO., LTD. (CHINA)
   21. HITACHI ELEVATOR (CHINA) CO., LTD. (CHINA)
   22. MITSUBISHI ELECTRIC CORPORATION (JAPAN)
   23. FUJITEC CO., LTD. (JAPAN)
   24. HITACHI, LTD. (JAPAN)
   25. TOSHIBA ELEVATOR AND BUILDING SYSTEMS CORPORATION (JAPAN)
   26. HYUNDAI ELEVATOR CO., LTD. (SOUTH KOREA
10. GLOBAL SMART ELEVATORS MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Component
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SMART ELEVATORS MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SMART ELEVATORS MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SMART ELEVATORS MARKET COMPETITIVE RIVALRY
TABLE 005. SMART ELEVATORS MARKET THREAT OF NEW ENTRANTS
TABLE 006. SMART ELEVATORS MARKET THREAT OF SUBSTITUTES
TABLE 007. SMART ELEVATORS MARKET BY COMPONENT
TABLE 008. CONTROL SYSTEM MARKET OVERVIEW (2016-2028)
TABLE 009. MAINTENANCE SYSTEM MARKET OVERVIEW (2016-2028)
TABLE 010. COMMUNICATION SYSTEM MARKET OVERVIEW (2016-2028)
TABLE 011. SMART ELEVATORS MARKET BY APPLICATION
TABLE 012. RESIDENTIAL MARKET OVERVIEW (2016-2028)
TABLE 013. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 014. INSTITUTIONAL MARKET OVERVIEW (2016-2028)
TABLE 015. INDUSTRIAL MARKET OVERVIEW (2016-2028)
TABLE 016. NORTH AMERICA SMART ELEVATORS MARKET, BY COMPONENT (2016-2028)
TABLE 017. NORTH AMERICA SMART ELEVATORS MARKET, BY APPLICATION (2016-2028)
TABLE 018. N SMART ELEVATORS MARKET, BY COUNTRY (2016-2028)
TABLE 019. EUROPE SMART ELEVATORS MARKET, BY COMPONENT (2016-2028)
TABLE 020. EUROPE SMART ELEVATORS MARKET, BY APPLICATION (2016-2028)
TABLE 021. SMART ELEVATORS MARKET, BY COUNTRY (2016-2028)
TABLE 022. ASIA PACIFIC SMART ELEVATORS MARKET, BY COMPONENT (2016-2028)
TABLE 023. ASIA PACIFIC SMART ELEVATORS MARKET, BY APPLICATION (2016-2028)
TABLE 024. SMART ELEVATORS MARKET, BY COUNTRY (2016-2028)
TABLE 025. MIDDLE EAST & AFRICA SMART ELEVATORS MARKET, BY COMPONENT (2016-2028)
TABLE 026. MIDDLE EAST & AFRICA SMART ELEVATORS MARKET, BY APPLICATION (2016-2028)
TABLE 027. SMART ELEVATORS MARKET, BY COUNTRY (2016-2028)
TABLE 028. SOUTH AMERICA SMART ELEVATORS MARKET, BY COMPONENT (2016-2028)
TABLE 029. SOUTH AMERICA SMART ELEVATORS MARKET, BY APPLICATION (2016-2028)
TABLE 030. SMART ELEVATORS MARKET, BY COUNTRY (2016-2028)
TABLE 031. MOTION CONTROL ENGINEERING (U.S.): SNAPSHOT
TABLE 032. MOTION CONTROL ENGINEERING (U.S.): BUSINESS PERFORMANCE
TABLE 033. MOTION CONTROL ENGINEERING (U.S.): PRODUCT PORTFOLIO
TABLE 034. MOTION CONTROL ENGINEERING (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 034. HYUNDAI ELEVATOR CO. LTD (IRAN): SNAPSHOT
TABLE 035. HYUNDAI ELEVATOR CO. LTD (IRAN): BUSINESS PERFORMANCE
TABLE 036. HYUNDAI ELEVATOR CO. LTD (IRAN): PRODUCT PORTFOLIO
TABLE 037. HYUNDAI ELEVATOR CO. LTD (IRAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 037. THYSSENKRUPP AG (GERMANY): SNAPSHOT
TABLE 038. THYSSENKRUPP AG (GERMANY): BUSINESS PERFORMANCE
TABLE 039. THYSSENKRUPP AG (GERMANY): PRODUCT PORTFOLIO
TABLE 040. THYSSENKRUPP AG (GERMANY): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. MITSUBISHI ELECTRIC (JAPAN): SNAPSHOT
TABLE 041. MITSUBISHI ELECTRIC (JAPAN): BUSINESS PERFORMANCE
TABLE 042. MITSUBISHI ELECTRIC (JAPAN): PRODUCT PORTFOLIO
TABLE 043. MITSUBISHI ELECTRIC (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. OTIS ELEVATOR COMPANY (U.S.): SNAPSHOT
TABLE 044. OTIS ELEVATOR COMPANY (U.S.): BUSINESS PERFORMANCE
TABLE 045. OTIS ELEVATOR COMPANY (U.S.): PRODUCT PORTFOLIO
TABLE 046. OTIS ELEVATOR COMPANY (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. HYUNDAI ELEVATOR (SOUTH KOREA): SNAPSHOT
TABLE 047. HYUNDAI ELEVATOR (SOUTH KOREA): BUSINESS PERFORMANCE
TABLE 048. HYUNDAI ELEVATOR (SOUTH KOREA): PRODUCT PORTFOLIO
TABLE 049. HYUNDAI ELEVATOR (SOUTH KOREA): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. SCHINDLER GROUP (SWITZERLAND): SNAPSHOT
TABLE 050. SCHINDLER GROUP (SWITZERLAND): BUSINESS PERFORMANCE
TABLE 051. SCHINDLER GROUP (SWITZERLAND): PRODUCT PORTFOLIO
TABLE 052. SCHINDLER GROUP (SWITZERLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. HITACHI (JAPAN): SNAPSHOT
TABLE 053. HITACHI (JAPAN): BUSINESS PERFORMANCE
TABLE 054. HITACHI (JAPAN): PRODUCT PORTFOLIO
TABLE 055. HITACHI (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. KONE CORPORATION (FINLAND): SNAPSHOT
TABLE 056. KONE CORPORATION (FINLAND): BUSINESS PERFORMANCE
TABLE 057. KONE CORPORATION (FINLAND): PRODUCT PORTFOLIO
TABLE 058. KONE CORPORATION (FINLAND): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. FUJITEC (JAPAN): SNAPSHOT
TABLE 059. FUJITEC (JAPAN): BUSINESS PERFORMANCE
TABLE 060. FUJITEC (JAPAN): PRODUCT PORTFOLIO
TABLE 061. FUJITEC (JAPAN): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. JOHNSON CONTROLS INC. (U.S.): SNAPSHOT
TABLE 062. JOHNSON CONTROLS INC. (U.S.): BUSINESS PERFORMANCE
TABLE 063. JOHNSON CONTROLS INC. (U.S.): PRODUCT PORTFOLIO
TABLE 064. JOHNSON CONTROLS INC. (U.S.): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 065. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 066. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 067. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SMART ELEVATORS MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SMART ELEVATORS MARKET OVERVIEW BY COMPONENT
FIGURE 012. CONTROL SYSTEM MARKET OVERVIEW (2016-2028)
FIGURE 013. MAINTENANCE SYSTEM MARKET OVERVIEW (2016-2028)
FIGURE 014. COMMUNICATION SYSTEM MARKET OVERVIEW (2016-2028)
FIGURE 015. SMART ELEVATORS MARKET OVERVIEW BY APPLICATION
FIGURE 016. RESIDENTIAL MARKET OVERVIEW (2016-2028)
FIGURE 017. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. INSTITUTIONAL MARKET OVERVIEW (2016-2028)
FIGURE 019. INDUSTRIAL MARKET OVERVIEW (2016-2028)
FIGURE 020. NORTH AMERICA SMART ELEVATORS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. EUROPE SMART ELEVATORS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. ASIA PACIFIC SMART ELEVATORS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. MIDDLE EAST & AFRICA SMART ELEVATORS MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. SOUTH AMERICA SMART ELEVATORS MARKET OVERVIEW BY COUNTRY (2016-2028)