Energy Efficient Elevators - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Energy Efficient Elevators Market is expected to grow at a CAGR of 17.14% during the forecast period. Increasing demand for energy efficient systems, fast growing economies and growing construction businesses are the major factors propelling the market growth. However, factors such as lack of information and awareness in electricity consumption rate and lack of technological efficiency are hampering the market growth.
Energy efficient elevators operate on advanced systems which aids consume less energy and reduce the waiting time of passengers. These elevators have state of the art digital security control systems which make these superior over normal elevators.
Based on the end user, the industrial segment is going to have a lucrative growth during the forecast period owing to the high necessities of elevators, rising energy consumption and demand for energy efficient systems in the industrial sector. By geography, Europe is going to have a lucrative growth during the forecast period due to growing demand for modernization of buildings, increasing construction activity and consumption of high amount of energy because of the changing lifestyle and population shifting to high rise buildings.
Some of the key players profiled in the Energy Efficient Elevators Market include Thyssen Elevators Co. Ltd, Schindler group, OTIS Elevator Company, Mitsubishi Electric Corporation, KONE, Hyundai elevators Co. Ltd, Honeywell international, Hitachi Ltd. And Fujitec Co. Ltd.
Automation Systems Covered:
• Sensors and Controllers
• Motors and Drivers
• Building Management Systems
Control Systems Covered:
• Elevator Control System
• Access Control System
Sales Channels Covered:
• Manufacturer/Distributor/Service Provider
End Users Covered:
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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