IoT in Elevators - Global Market Outlook (2017-2026)

IoT in Elevators - Global Market Outlook (2017-2026)

  • Published: February 2019
  • ID: SMRC18028

According to Stratistics MRC, the Global IoT in Elevators Market is accounted for $13.57 billion in 2017 and is expected to reach $53.85 billion by 2026 growing at a CAGR of 16.5%. Some of the factors influencing the market growth are growing adoption of new IT solutions with current consumer trends in different organizations and IT modernization. However, the high initial investment is anticipated to hinder the market. Moreover, an increase in the number of high-rise buildings provides opportunities for the market during the forecast period.

IoT enabled elevators to make use of artificial intelligence (AI) to enable vertical transportation of passengers and commodities. It is a process of upgrading the critical parts of the elevator in order to handle new technology, perform better, improve safety, and ensure the aesthetics are up to date. IoT enabled elevators to display features of energy efficiency, reduce waiting time, and communicate with service.

Based on the component, the hardware (M2M Gateway/Elevator Gateway) segment commanded significant growth during the forecast period due to the growing need to install elevator remote monitoring systems in smart elevators. M2M gateway or elevator gateway are designed and developed in elevators for secure communication between the lift controller and remote monitoring sites.

By geography, North America is expected to dominate the global market due to the growing number of a high-rise building, increased digitization and technological developments are fuelling the market in this region.

Some of the key players in the IoT in Elevators market include Mitsubishi Electric Corporation, Hitachi, Ltd., Toshiba Elevators, Hyundai Elevator Co., Ltd., Fujitec Co., Ltd., Electra Ltd., ThyssenKrupp AG, Otis Elevator Company, Telefonica S.A. and KONE Corporation.

Components Covered:
• Services
• Hardware(M2M Gateway/Elevator Gateway)
• Software

End Users Covered:
• Commercial
• Industrial
• Residential

Applications Covered:
• Advanced Reporting
• Connectivity Management
• Remote Monitoring
• Preventive Maintenance
• Other Applications

Regions Covered:

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan       
    • China       
    • India       
    • Australia 
    • New Zealand     
    • South Korea      
    • Rest of Asia Pacific   
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • 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
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
    o Comprehensive profiling of additional market players (up to 3)
    o SWOT Analysis of key players (up to 3)
• Regional Segmentation
    o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
    o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary      
        
2 Preface       
 2.1 Abstract      
 2.2 Stake Holders     
 2.3 Research Scope     
 2.4 Research Methodology    
  2.4.1 Data Mining    
  2.4.2 Data Analysis    
  2.4.3 Data Validation    
  2.4.4 Research Approach    
 2.5 Research Sources     
  2.5.1 Primary Research Sources   
  2.5.2 Secondary Research Sources   
  2.5.3 Assumptions    
        
3 Market Trend Analysis     
 3.1 Introduction     
 3.2 Drivers      
 3.3 Restraints     
 3.4 Opportunities     
 3.5 Threats      
 3.6 End User Analysis     
 3.7 Application Analysis    
 3.8 Emerging Markets     
 3.9 Futuristic Market Scenario    
        
4 Porters Five Force Analysis     
 4.1 Bargaining power of suppliers    
 4.2 Bargaining power of buyers    
 4.3 Threat of substitutes     
 4.4 Threat of new entrants    
 4.5 Competitive rivalry     
        
5 Global IoT in Elevators Market, By Component     
 5.1 Introduction     
 5.2 Services      
  5.2.1 Refurbishing    
  5.2.2 Managed Services    
  5.2.3 Designing & Engineering   
  5.2.4 Maintenance & Repair   
  5.2.5 Installation    
 5.3 Hardware(M2M Gateway/Elevator Gateway)  
 5.4 Software      
  5.4.1 Cloud     
  5.4.2 On-premise    
        
6 Global IoT in Elevators Market, By End User   
 6.1 Introduction     
 6.2 Commercial     
 6.3 Industrial      
 6.4 Residential     
        
7 Global IoT in Elevators Market, By Application   
 7.1 Introduction     
 7.2 Advanced Reporting    
 7.3 Connectivity Management    
 7.4 Remote Monitoring     
 7.5 Preventive Maintenance    
 7.6 Other Applications     
  7.6.1 Call Management    
        
8 Global IoT in Elevators Market, By Geography   
 8.1 Introduction     
 8.2 North America     
  8.2.1 US     
  8.2.2 Canada     
  8.2.3 Mexico      
 8.3 Europe      
  8.3.1 Germany     
  8.3.2 UK     
  8.3.3 Italy     
  8.3.4 France     
  8.3.5 Spain     
  8.3.6 Rest of Europe    
 8.4 Asia Pacific     
  8.4.1 Japan     
  8.4.2 China     
  8.4.3 India     
  8.4.4 Australia      
  8.4.5 New Zealand    
  8.4.6 South Korea    
  8.4.7 Rest of Asia Pacific    
 8.5 South America     
  8.5.1 Argentina    
  8.5.2 Brazil     
  8.5.3 Chile     
  8.5.4 Rest of South America   
 8.6 Middle East & Africa    
  8.6.1 Saudi Arabia    
  8.6.2 UAE     
  8.6.3 Qatar     
  8.6.4 South Africa    
  8.6.5 Rest of Middle East & Africa   
        
9 Key Developments      
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 9.2 Acquisitions & Mergers    
 9.3 New Product Launch    
 9.4 Expansions     
 9.5 Other Key Strategies    
        
10 Company Profiling      
 10.1 Mitsubishi Electric Corporation   
 10.2 Hitachi, Ltd.     
 10.3 Toshiba Elevators     
 10.4 Hyundai Elevator Co., Ltd.    
 10.5 Fujitec Co., Ltd.     
 10.6 Electra Ltd.     
 10.7 ThyssenKrupp AG     
 10.8 Otis Elevator Company    
 10.9 Telefonica S.A.     
 10.10 KONE Corporation     


List of Tables       
1 Global IoT in Elevators Market Outlook, By Region (2016-2026) ($MN) 
2 Global IoT in Elevators Market Outlook, By Component (2016-2026) ($MN)
3 Global IoT in Elevators Market Outlook, By Services (2016-2026) ($MN) 
4 Global IoT in Elevators Market Outlook, By Refurbishing (2016-2026) ($MN)
5 Global IoT in Elevators Market Outlook, By Managed Services (2016-2026) ($MN)
6 Global IoT in Elevators Market Outlook, By Designing & Engineering (2016-2026) ($MN)
7 Global IoT in Elevators Market Outlook, By Maintenance & Repair (2016-2026) ($MN)
8 Global IoT in Elevators Market Outlook, By Installation (2016-2026) ($MN)
9 Global IoT in Elevators Market Outlook, By Hardware(M2M Gateway/Elevator Gateway) (2016-2026) ($MN)
10 Global IoT in Elevators Market Outlook, By Software (2016-2026) ($MN) 
11 Global IoT in Elevators Market Outlook, By Cloud (2016-2026) ($MN) 
12 Global IoT in Elevators Market Outlook, By On-premise (2016-2026) ($MN)
13 Global IoT in Elevators Market Outlook, By End User (2016-2026) ($MN) 
14 Global IoT in Elevators Market Outlook, By Commercial (2016-2026) ($MN)
15 Global IoT in Elevators Market Outlook, By Industrial (2016-2026) ($MN) 
16 Global IoT in Elevators Market Outlook, By Residential (2016-2026) ($MN)
17 Global IoT in Elevators Market Outlook, By Application (2016-2026) ($MN)
18 Global IoT in Elevators Market Outlook, By Advanced Reporting (2016-2026) ($MN)
19 Global IoT in Elevators Market Outlook, By Connectivity Management (2016-2026) ($MN)
20 Global IoT in Elevators Market Outlook, By Remote Monitoring (2016-2026) ($MN)
21 Global IoT in Elevators Market Outlook, By Preventive Maintenance (2016-2026) ($MN)
22 Global IoT in Elevators Market Outlook, By Other Applications (2016-2026) ($MN)
23 Global IoT in Elevators Market Outlook, By Call Management (2016-2026) ($MN)
24 North America IoT in Elevators Market Outlook, By Country (2016-2026) ($MN)
25 North America IoT in Elevators Market Outlook, By Component (2016-2026) ($MN)
26 North America IoT in Elevators Market Outlook, By Services (2016-2026) ($MN)
27 North America IoT in Elevators Market Outlook, By Refurbishing (2016-2026) ($MN)
28 North America IoT in Elevators Market Outlook, By Managed Services (2016-2026) ($MN)
29 North America IoT in Elevators Market Outlook, By Designing & Engineering (2016-2026) ($MN)
30 North America IoT in Elevators Market Outlook, By Maintenance & Repair (2016-2026) ($MN)
31 North America IoT in Elevators Market Outlook, By Installation (2016-2026) ($MN)
32 North America IoT in Elevators Market Outlook, By Hardware(M2M Gateway/Elevator Gateway) (2016-2026) ($MN)
33 North America IoT in Elevators Market Outlook, By Software (2016-2026) ($MN)
34 North America IoT in Elevators Market Outlook, By Cloud (2016-2026) ($MN)
35 North America IoT in Elevators Market Outlook, By On-premise (2016-2026) ($MN)
36 North America IoT in Elevators Market Outlook, By End User (2016-2026) ($MN)
37 North America IoT in Elevators Market Outlook, By Commercial (2016-2026) ($MN)
38 North America IoT in Elevators Market Outlook, By Industrial (2016-2026) ($MN)
39 North America IoT in Elevators Market Outlook, By Residential (2016-2026) ($MN)
40 North America IoT in Elevators Market Outlook, By Application (2016-2026) ($MN)
41 North America IoT in Elevators Market Outlook, By Advanced Reporting (2016-2026) ($MN)
42 North America IoT in Elevators Market Outlook, By Connectivity Management (2016-2026) ($MN)
43 North America IoT in Elevators Market Outlook, By Remote Monitoring (2016-2026) ($MN)
44 North America IoT in Elevators Market Outlook, By Preventive Maintenance (2016-2026) ($MN)
45 North America IoT in Elevators Market Outlook, By Other Applications (2016-2026) ($MN)
46 North America IoT in Elevators Market Outlook, By Call Management (2016-2026) ($MN)
47 Europe IoT in Elevators Market Outlook, By Country (2016-2026) ($MN) 
48 Europe IoT in Elevators Market Outlook, By Component (2016-2026) ($MN)
49 Europe IoT in Elevators Market Outlook, By Services (2016-2026) ($MN) 
50 Europe IoT in Elevators Market Outlook, By Refurbishing (2016-2026) ($MN)
51 Europe IoT in Elevators Market Outlook, By Managed Services (2016-2026) ($MN)
52 Europe IoT in Elevators Market Outlook, By Designing & Engineering (2016-2026) ($MN)
53 Europe IoT in Elevators Market Outlook, By Maintenance & Repair (2016-2026) ($MN)
54 Europe IoT in Elevators Market Outlook, By Installation (2016-2026) ($MN)
55 Europe IoT in Elevators Market Outlook, By Hardware(M2M Gateway/Elevator Gateway) (2016-2026) ($MN)
56 Europe IoT in Elevators Market Outlook, By Software (2016-2026) ($MN) 
57 Europe IoT in Elevators Market Outlook, By Cloud (2016-2026) ($MN) 
58 Europe IoT in Elevators Market Outlook, By On-premise (2016-2026) ($MN)
59 Europe IoT in Elevators Market Outlook, By End User (2016-2026) ($MN) 
60 Europe IoT in Elevators Market Outlook, By Commercial (2016-2026) ($MN)
61 Europe IoT in Elevators Market Outlook, By Industrial (2016-2026) ($MN) 
62 Europe IoT in Elevators Market Outlook, By Residential (2016-2026) ($MN)
63 Europe IoT in Elevators Market Outlook, By Application (2016-2026) ($MN)
64 Europe IoT in Elevators Market Outlook, By Advanced Reporting (2016-2026) ($MN)
65 Europe IoT in Elevators Market Outlook, By Connectivity Management (2016-2026) ($MN)
66 Europe IoT in Elevators Market Outlook, By Remote Monitoring (2016-2026) ($MN)
67 Europe IoT in Elevators Market Outlook, By Preventive Maintenance (2016-2026) ($MN)
68 Europe IoT in Elevators Market Outlook, By Other Applications (2016-2026) ($MN)
69 Europe IoT in Elevators Market Outlook, By Call Management (2016-2026) ($MN)
70 Asia Pacific IoT in Elevators Market Outlook, By Country (2016-2026) ($MN)
71 Asia Pacific IoT in Elevators Market Outlook, By Component (2016-2026) ($MN)
72 Asia Pacific IoT in Elevators Market Outlook, By Services (2016-2026) ($MN)
73 Asia Pacific IoT in Elevators Market Outlook, By Refurbishing (2016-2026) ($MN)
74 Asia Pacific IoT in Elevators Market Outlook, By Managed Services (2016-2026) ($MN)
75 Asia Pacific IoT in Elevators Market Outlook, By Designing & Engineering (2016-2026) ($MN)
76 Asia Pacific IoT in Elevators Market Outlook, By Maintenance & Repair (2016-2026) ($MN)
77 Asia Pacific IoT in Elevators Market Outlook, By Installation (2016-2026) ($MN)
78 Asia Pacific IoT in Elevators Market Outlook, By Hardware(M2M Gateway/Elevator Gateway) (2016-2026) ($MN)
79 Asia Pacific IoT in Elevators Market Outlook, By Software (2016-2026) ($MN)
80 Asia Pacific IoT in Elevators Market Outlook, By Cloud (2016-2026) ($MN) 
81 Asia Pacific IoT in Elevators Market Outlook, By On-premise (2016-2026) ($MN)
82 Asia Pacific IoT in Elevators Market Outlook, By End User (2016-2026) ($MN)
83 Asia Pacific IoT in Elevators Market Outlook, By Commercial (2016-2026) ($MN)
84 Asia Pacific IoT in Elevators Market Outlook, By Industrial (2016-2026) ($MN)
85 Asia Pacific IoT in Elevators Market Outlook, By Residential (2016-2026) ($MN)
86 Asia Pacific IoT in Elevators Market Outlook, By Application (2016-2026) ($MN)
87 Asia Pacific IoT in Elevators Market Outlook, By Advanced Reporting (2016-2026) ($MN)
88 Asia Pacific IoT in Elevators Market Outlook, By Connectivity Management (2016-2026) ($MN)
89 Asia Pacific IoT in Elevators Market Outlook, By Remote Monitoring (2016-2026) ($MN)
90 Asia Pacific IoT in Elevators Market Outlook, By Preventive Maintenance (2016-2026) ($MN)
91 Asia Pacific IoT in Elevators Market Outlook, By Other Applications (2016-2026) ($MN)
92 Asia Pacific IoT in Elevators Market Outlook, By Call Management (2016-2026) ($MN)
93 South America IoT in Elevators Market Outlook, By Country (2016-2026) ($MN)
94 South America IoT in Elevators Market Outlook, By Component (2016-2026) ($MN)
95 South America IoT in Elevators Market Outlook, By Services (2016-2026) ($MN)
96 South America IoT in Elevators Market Outlook, By Refurbishing (2016-2026) ($MN)
97 South America IoT in Elevators Market Outlook, By Managed Services (2016-2026) ($MN)
98 South America IoT in Elevators Market Outlook, By Designing & Engineering (2016-2026) ($MN)
99 South America IoT in Elevators Market Outlook, By Maintenance & Repair (2016-2026) ($MN)
100 South America IoT in Elevators Market Outlook, By Installation (2016-2026) ($MN)
101 South America IoT in Elevators Market Outlook, By Hardware(M2M Gateway/Elevator Gateway) (2016-2026) ($MN)
102 South America IoT in Elevators Market Outlook, By Software (2016-2026) ($MN)
103 South America IoT in Elevators Market Outlook, By Cloud (2016-2026) ($MN)
104 South America IoT in Elevators Market Outlook, By On-premise (2016-2026) ($MN)
105 South America IoT in Elevators Market Outlook, By End User (2016-2026) ($MN)
106 South America IoT in Elevators Market Outlook, By Commercial (2016-2026) ($MN)
107 South America IoT in Elevators Market Outlook, By Industrial (2016-2026) ($MN)
108 South America IoT in Elevators Market Outlook, By Residential (2016-2026) ($MN)
109 South America IoT in Elevators Market Outlook, By Application (2016-2026) ($MN)
110 South America IoT in Elevators Market Outlook, By Advanced Reporting (2016-2026) ($MN)
111 South America IoT in Elevators Market Outlook, By Connectivity Management (2016-2026) ($MN)
112 South America IoT in Elevators Market Outlook, By Remote Monitoring (2016-2026) ($MN)
113 South America IoT in Elevators Market Outlook, By Preventive Maintenance (2016-2026) ($MN)
114 South America IoT in Elevators Market Outlook, By Other Applications (2016-2026) ($MN)
115 South America IoT in Elevators Market Outlook, By Call Management (2016-2026) ($MN)
116 Middle East & Africa IoT in Elevators Market Outlook, By Country (2016-2026) ($MN)
117 Middle East & Africa IoT in Elevators Market Outlook, By Component (2016-2026) ($MN)
118 Middle East & Africa IoT in Elevators Market Outlook, By Services (2016-2026) ($MN)
119 Middle East & Africa IoT in Elevators Market Outlook, By Refurbishing (2016-2026) ($MN)
120 Middle East & Africa IoT in Elevators Market Outlook, By Managed Services (2016-2026) ($MN)
121 Middle East & Africa IoT in Elevators Market Outlook, By Designing & Engineering (2016-2026) ($MN)
122 Middle East & Africa IoT in Elevators Market Outlook, By Maintenance & Repair (2016-2026) ($MN)
123 Middle East & Africa IoT in Elevators Market Outlook, By Installation (2016-2026) ($MN)
124 Middle East & Africa IoT in Elevators Market Outlook, By Hardware(M2M Gateway/Elevator Gateway) (2016-2026) ($MN)
125 Middle East & Africa IoT in Elevators Market Outlook, By Software (2016-2026) ($MN)
126 Middle East & Africa IoT in Elevators Market Outlook, By Cloud (2016-2026) ($MN)
127 Middle East & Africa IoT in Elevators Market Outlook, By On-premise (2016-2026) ($MN)
128 Middle East & Africa IoT in Elevators Market Outlook, By End User (2016-2026) ($MN)
129 Middle East & Africa IoT in Elevators Market Outlook, By Commercial (2016-2026) ($MN)
130 Middle East & Africa IoT in Elevators Market Outlook, By Industrial (2016-2026) ($MN)
131 Middle East & Africa IoT in Elevators Market Outlook, By Residential (2016-2026) ($MN)
132 Middle East & Africa IoT in Elevators Market Outlook, By Application (2016-2026) ($MN)
133 Middle East & Africa IoT in Elevators Market Outlook, By Advanced Reporting (2016-2026) ($MN)
134 Middle East & Africa IoT in Elevators Market Outlook, By Connectivity Management (2016-2026) ($MN)
135 Middle East & Africa IoT in Elevators Market Outlook, By Remote Monitoring (2016-2026) ($MN)
136 Middle East & Africa IoT in Elevators Market Outlook, By Preventive Maintenance (2016-2026) ($MN)
137 Middle East & Africa IoT in Elevators Market Outlook, By Other Applications (2016-2026) ($MN)
138 Middle East & Africa IoT in Elevators Market Outlook, By Call Management (2016-2026) ($MN)

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