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

January 2019 | 185 pages | ID: I855362D8F5EN
Stratistics Market Research Consulting

Abstracts

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
• Comprehensive profiling of additional market players (up to 3)
• SWOT Analysis of key players (up to 3)
• Regional Segmentation
• Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Contents

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

LIST OF TABLES

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