/zigman2/quotes/217080227/composite OTIS +0.31%
Sep 17, 2020 (Market Insight Reports) -- The report discusses many vital industry facets that influence the Global Commercial Smart Elevators industry acutely which includes extensive study of competitive edge, latest technological advancements, region-wise industry environment, contemporary market and manufacturing trends, leading market contenders, and current consumption tendency of the end-user. The report also oversees market size, market share, growth rate, revenue, and CAGR reported previously along with its forecast estimation.
Commercial Smart elevators market size is expected to garner $23.16 Million by 2020, registering a CAGR of +13% during the forecast period
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The smart elevators are designed to reduce the waiting time of passengers by powering them with biometrics, touchscreen, and destination dispatching. The increasing adoption of energy-efficient solutions and advanced access control systems is an important factor boosting the growth of the smart elevators market. The major players of the industry are concentrated on providing differentiated offerings in terms of maintenance, installation, and safety services.
Smart Elevator systems consist of advanced digital security system controls such as biometrics, touch screen, destination dispatching, and access control systems. These systems help to reduce passenger waiting time and for efficient traffic management in commercial, residential, and other buildings. Increasing adoption in hospitals, sports facilities, offices, buildings, hotels, and airports is expected to further boost demand for smart elevators in the global market.
The Global Commercial Smart Elevators market report chiefly includes the following manufacturers-
Schindler Group (swx:SCHP), Tyco International (TYC), Toshiba (tyo:6502), Canny, Otis Elevator /zigman2/quotes/217080227/composite OTIS +0.31% , Bosch Security Systems, Mitsubishi Electric, Kone Corporation, Schneider Electric (epa:SU), ThyssenKrupp (etr:TKA), Fujitec (tyo:6406)
Segmentation by Type : Passenger Elevator, Freight Elevator, Fire-proof Elevator
Segmentation by Application : Commercial, Residential, Infrastructure, Industrial, Others
Recent Industry News:
Jan 6, 2020, Schindler Introduced Smart Urban Mobility with Schindler Ahead The Internet of Elevators and Escalators (IOEE)
Jan 06, 2019, Schindler wants to make India its manufacturing and R&D hub
19.10.2018 Hong Kong Schindler launches a comprehensive suite of IOT solutions in Hong Kong
07, 2016 Tyco Opens New Global Headquarters in Ireland ‘Smart Building’
Apr 12, 2016, Toshiba Johnson Elevators (India) receives 40 Elevators Order from DLF for its Luxury condominium – The Camellias, Gurgaon
Jan 6, 2020, Toshiba Johnson Elevators opens training center in Chennai