Global Smart Elevators Market Report 2020-2027 Featuring Kone, ThyssenKrupp, Otis & Schindler - ResearchAndMarkets.com

The "Smart Elevators - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Smart Elevators estimated at US$12.2 Billion in the year 2020, is projected to reach a revised size of US$26.5 Billion by 2027, growing at a CAGR of 11.7% over the analysis period 2020-2027.

Control Systems, one of the segments analyzed in the report, is projected to record a 11.4% CAGR and reach US$9.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Maintenance Systems segment is readjusted to a revised 10.4% CAGR for the next 7-year period.

The U. S. Market is Estimated at $3.3 Billion, While China is Forecast to Grow at 15.3% CAGR

The Smart Elevators market in the U. S. is estimated at US$3.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2027 trailing a CAGR of 15.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.

Communication Systems Segment to Record 9.9% CAGR

In the global Communication Systems segment, USA, Canada, Japan, China and Europe will drive the 9.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.9 Billion by the year 2027, while Latin America will expand at a 11.2% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 184-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:

  • Bosch Elevator Cloud
  • Fujitec Co., Ltd.
  • Hitachi Ltd.
  • Honeywell Sensing and Control
  • Hyundai Elevator Co., Ltd.
  • Kone Corporation
  • Mitsubishi Electric Corporation
  • Otis Elevator Company
  • Schindler Holding Ltd. (Schindler Group)
  • ThyssenKrupp AG
  • Toshiba Elevator and Building Systems Corporation

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Smart Elevators Competitor Market Share Scenario Worldwide (in %): 2019 & 2028
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

  • Smart Elevators Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • Smart Elevators Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
  • Control Systems (Solution) World Market by Region/Country in US$ Million: 2020 to 2027
  • Control Systems (Solution) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
  • Maintenance Systems (Solution) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
  • Maintenance Systems (Solution) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
  • Communication Systems (Solution) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
  • Communication Systems (Solution) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
  • Services (Solution) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
  • Services (Solution) Market Share Breakdown by Region/Country: 2020 VS 2027
  • Residential (Application) Worldwide Latent Demand Forecasts in US$ Million by Region/Country: 2020-2027
  • Residential (Application) Distribution of Global Sales by Region/Country: 2020 VS 2027
  • Commercial (Application) Sales Estimates and Forecasts in US$ Million by Region/Country for the Years 2020 through 2027
  • Commercial (Application) Global Market Share Distribution by Region/Country for 2020 and 2027
  • Industrial (Application) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027
  • Industrial (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
  • Institutional (Application) Worldwide Sales in US$ Million by Region/Country: 2020-2027
  • Institutional (Application) Market Share Shift across Key Geographies: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

  • Market Facts & Figures
  • Smart Elevators Market Share (in %) by Company: 2019 & 2025
  • Market Analytics
  • Smart Elevators Market Estimates and Projections in US$ Million by Solution: 2020 to 2027
  • Smart Elevators Market Share Breakdown by Solution: 2020 VS 2027
  • Smart Elevators Latent Demand Forecasts in US$ Million by Application: 2020 to 2027
  • Smart Elevators Market Share Breakdown by Application: 2020 VS 2027

IV. COMPETITION

  • Total Companies Profiled: 12

For more information about this report visit https://www.researchandmarkets.com/r/xk1zs3