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IoT in Elevators Market - Global Industry Analysis

IoT in Elevators Market - by Application (Remote Monitoring, Preventive Maintenance, Connectivity Management, and Advanced Reporting), by Component (Software, Hardware, and Services), by End user (Commercial, Residential, and Industrial) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 26-Aug-2020 Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3943 Status : Published

Global IoT in Elevators market is slated to accrue revenue worth approximately 56.35 (USD Billion) by 2026 and will record a CAGR of almost 15% during 2020-2026.

Description

The global IoT in Elevators market is slated to accrue revenue worth approximately 56.35 (USD Billion) by 2026 and will record a CAGR of almost 15% during 2020-2026. The report offers assessment and analysis of the Top 10 IoT in Elevators market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Introduction

 IoT or connected things are utilized in elevators for facilitating vertical passenger transport as well as effective commodity transportation with the help of artificial intelligence. Additionally, it facilitates upgradation of key components of elevator, enhances the service efficiency of elevators, and improves elevator safety & maintenance facility. IoT enabled elevators are embedded with unique features such as low waiting periods, power efficiency, and mobile connectivity. The IoT in elevators market is likely to gain traction in the coming years due to its massive use in malls, high-rise buildings, hospitals, and hotels.

Market Growth Dynamics

Surge in urbanization and rising need for amenities in the residential & commercial sectors in emerging economies will drive the growth of the market over the forecasting years. Apparently, installation of predictive maintenance facility in elevators for monitoring heat changes, noise fluctuations, and friction will drive the market trends. Additionally, IoT technology assist in reducing total downtime in elevators and this will create lucrative growth avenues for the market over the forthcoming years. In addition to this, escalating need for secured as well as power proficient systems will define the surge of IoT in elevators market over the forthcoming years.

Furthermore, large-scale need for smart services by the organizations for protecting assets as well as securing them against external & internal challenges will steer the expansion of market in the years to come. Apparently, growing need for remote monitoring will drive the business trends.

IoT in Elevators Market

North America To Contribute Major Market Revenue Share By 2026

The growth of the market in North American sub-continent over 2020-2026 is owing to presence of major players in the countries like the U.S. and availability of strong IoT infrastructure in the region. Apart from this, rise in the high-rise constructions, immense proportion of digitization, and technological breakthroughs in the countries like Canada and the U.S. will offer new growth avenues for the market in the region over the forecast timespan.

Key players profiled in the report include Otis Elevator Company, Toshiba Elevators, Mitsubishi Electric Corporation, ThyssenKrupp AG, KONE Corporation, and Schindler Group.

The global IoT in elevators market is segmented as follows:

By Component

  • Hardware (M2M Gateway/Elevator Gateway)
  • Software
    • On-Premise
    • Cloud
  • Services
    • Designing and Engineering
    • Installation
    • Refurbishing
    • Maintenance and Repair
    • Managed Services

By Application

  • Preventive Maintenance
  • Remote Monitoring
  • Advanced Reporting
  • Connectivity Management
  • Others (Call Management)

By End-user

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. IoT in Elevators Market, 2016–2026(USD Billion)
    • 2.2. IoT in Elevators Market: Snapshot
  • Chapter 3. Global IoT in Elevators Market– Industry Analysis
    • 3.1. IoT in Elevators Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Surge in urbanization and rising need for amenities in the residential & commercial sectors in emerging economies will drive the growth of the market over the forecasting years.
      • 3.2.2. IoT technulogy assist in reducing total downtime in elevators and this will create lucrative growth avenues for the market over the forthcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Component
      • 3.4.3. Market attractiveness analysis By End-User
  • Chapter 4. Global IoT in Elevators Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global IoT in Elevators Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Application launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global IoT in Elevators Market–Application Analysis
    • 5.1. Global IoT in Elevators Market overview: By Application
      • 5.1.1. Global IoT in Elevators Market share, By Application,2019 and 2026
    • 5.2. Remote Monitoring
      • 5.2.1. Global IoT in Elevators Market by Remote Monitoring, 2016–2026(USD Billion)
    • 5.3. Preventive Maintenance
      • 5.3.1. Global IoT in Elevators Market by Preventive Maintenance, 2016–2026(USD Billion)
    • 5.4. Connectivity Management
      • 5.4.1. Global IoT in Elevators Market by Connectivity Management, 2016–2026(USD Billion)
    • 5.5. Advanced Reporting
      • 5.5.1. Global IoT in Elevators Market by Advanced Reporting, 2016–2026(USD Billion)
  • Chapter 6. Global IoT in Elevators Market–Component Analysis
    • 6.1. Global IoT in Elevators Market overview: By Component
      • 6.1.1. Global IoT in Elevators Market share, By Component,2019 and 2026
    • 6.2. Software
      • 6.2.1. Global IoT in Elevators Market by Software, 2016–2026(USD Billion)
    • 6.3. Hardware
      • 6.3.1. Global IoT in Elevators Market by Hardware, 2016–2026(USD Billion)
    • 6.4. Services
      • 6.4.1. Global IoT in Elevators Market by Services, 2016–2026(USD Billion)
  • Chapter 7. Global IoT in Elevators Market–End-User Analysis
    • 7.1. Global IoT in Elevators Market overview: By End-User
      • 7.1.1. Global IoT in Elevators Market share, By End-User,2019 and 2026
    • 7.2. Commercial
      • 7.2.1. Global IoT in Elevators Market by Commercial, 2016–2026(USD Billion)
    • 7.3. Residential
      • 7.3.1. Global IoT in Elevators Market by Residential, 2016–2026(USD Billion)
    • 7.4. Industrial
      • 7.4.1. Global IoT in Elevators Market by Industrial, 2016–2026(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Toshiba Elevators
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. ThyssenKrupp AG
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Otis Elevator Company
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. KONE Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Mitsubishi Electric Corporation
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Schindler Group
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development

List of Figures

1. Market research process
2. Market research methodology
3. Global IoT in Elevators Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global IoT in Elevators Market attractiveness, By Application 
6. Global IoT in Elevators Market share, By Application, 2019 and 2026 (USD Billion)
7. Global IoT in Elevators Market by Remote Monitoring, 2016–2026(USD Billion)
8. Global IoT in Elevators Market by Preventive Maintenance,2016–2026(USD Billion)
9. Global IoT in Elevators Market by Connectivity Management,2016–2026(USD Billion)
10. Global IoT in Elevators Market by Advanced Reporting,2016–2026(USD Billion)
11. Global IoT in Elevators Market attractiveness, By Component 
12. Global IoT in Elevators Market share, By Component, 2019 and 2026 (USD Billion)
13. Global IoT in Elevators Market by Software, 2016–2026(USD Billion)
14. Global IoT in Elevators Market by Hardware,2016–2026(USD Billion)
15. Global IoT in Elevators Market by Services,2016–2026(USD Billion)
16. Global IoT in Elevators Market attractiveness, By End-User
17. Global IoT in Elevators Market share, By End-User, 2019 and 2026 (USD Billion)
18. Global IoT in Elevators Market by Commercial, 2016–2026(USD Billion)
19. Global IoT in Elevators Market by Residential,2016–2026(USD Billion)
20. Global IoT in Elevators Market by Industrial,2016–2026(USD Billion)
21. Global IoT in Elevators Market share, by Region, 2019 and 2026
22. North America IoT in Elevators Market, 2016–2026(USD Billion)
23. Europe IoT in Elevators Market, 2016–2026(USD Billion)
24. Asia Pacific IoT in Elevators Market, 2016–2026(USD Billion)
25. Latin America IoT in Elevators Market, 2016–2026(USD Billion)
26. The Middle East and Africa IoT in Elevators Market, 2016–2026(USD Billion)


List of Tables

1. Global IoT in Elevators Market: snapshot
2. Drivers of the IoT in Elevators Market: impact analysis
3. North America IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
4. North America IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
5. North America IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
6. The U.S. IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
7. The U.S. IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
8. The U.S. IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
9. Rest of North America IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
10. Europe IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
11. Europe IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
12. Europe IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
13. UK IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
14. UK IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
15. UK IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
16. France IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
17. France IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
18. France IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
19. Germany IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
20. Germany IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
21. Germany IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
22. Rest of Europe IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
23. Rest of Europe IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
24. Rest of Europe IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
25. Asia Pacific IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
26. Asia Pacific IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
27. Asia Pacific IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
28. China IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
29. China IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
30. China  IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
31. Japan IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
32. Japan IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
33. Japan IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
34. India IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
35. India IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
36. India IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
37. Rest of Asia Pacific IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
38. Rest of Asia  IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
39. Rest of Asia Pacific IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
40. Latin America IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
41. Latin  America IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
42. Latin America IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
43. Brazil IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
44. Brazil IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
45. Brazil IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
46. Rest of Latin America IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
47. Rest of Latin America IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
48. Rest of Latin  America IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
49. The Middle East and Africa IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
50. The Middle East and Africa  IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
51. The Middle East and Africa IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
52. Saudi Arabia IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
53. Saudi Arabia IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
54. Saudi Arabia IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
55. South Africa IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
56. South Africa IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
57. South Africa IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
58. Rest of the Middle East & Africa IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
59. Rest of the Middle East & Africa IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
60. Rest of the Middle East & Africa IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)

 


 
 

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FrequentlyAsked Questions

Surge in urbanization and rising need for amenities in the residential & commercial sectors in emerging economies will drive the growth of the market over the forecasting years.

The CAGR of the industry during 2020-2026 will be nearly 15%.

North America will contribute remarkably towards the global market share over the estimated timeline.

The key market players include Toshiba Elevators, ThyssenKrupp AG, Otis Elevator Company, KONE Corporation, Mitsubishi Electric Corporation, and Schindler Group.

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