Smart Elevator Market Size, Share & Trends Analysis Report By Component (Control System, Maintenance System, Communication System), By Application (Residential, Commercial, Institutional, Industrial), By Region, And Segment Forecasts, 2024 - 2030
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Smart Clock Market Growth & Trends
The global smart clock market size is expected to reach USD 3.59 billion by 2030 registering a CAGR of 24.4%, according to a new report by Grand View Research, Inc. Increased spending on smart home automation products on account of changing lifestyles is projected to boost the market growth. Major companies in the market including Amazon, Lenovo Group Ltd., and SDI Technologies are investing in R&D for the development of advanced products. For instance, in June 2019, Lenovo Group Ltd. launched an innovative AI-assisted smart clock featuring Google Assistant.
The device has a fabric cover with a four-inch smart display. North America was the largest regional market in 2018. Increased adoption of the Internet-of-Things (IoT) in U.S. has fueled the home automation industry over the past few years. Manufacturers are offering innovative smart home products including clocks and speakers. These devices offer remote monitoring of common household electrical products including lights, fans, ACs, TVs, etc. Prominent companies have undertaken marketing strategies, such as product development and business expansion, to cater to the increasing demand across the globe.
Smart Clock Market Report Highlights
Smart Clock Market Growth & Trends
The global smart clock market size is expected to reach USD 3.59 billion by 2030 registering a CAGR of 24.4%, according to a new report by Grand View Research, Inc. Increased spending on smart home automation products on account of changing lifestyles is projected to boost the market growth. Major companies in the market including Amazon, Lenovo Group Ltd., and SDI Technologies are investing in R&D for the development of advanced products. For instance, in June 2019, Lenovo Group Ltd. launched an innovative AI-assisted smart clock featuring Google Assistant.
The device has a fabric cover with a four-inch smart display. North America was the largest regional market in 2018. Increased adoption of the Internet-of-Things (IoT) in U.S. has fueled the home automation industry over the past few years. Manufacturers are offering innovative smart home products including clocks and speakers. These devices offer remote monitoring of common household electrical products including lights, fans, ACs, TVs, etc. Prominent companies have undertaken marketing strategies, such as product development and business expansion, to cater to the increasing demand across the globe.
Smart Clock Market Report Highlights
- The specialty stores segment dominated the smart clock market with a revenue share of 52.9% in 2023. Specialty stores offer unique products for a specific which helps them attract customers looking for specific features or product designs.
- North America was the largest market in 2023 and is projected to expand further retaining its leading position throughout the forecast years
- The Asia Pacific smart clock market is expected to register the fastest CAGR over the forecast period. The increasing development activities in countries such as India and China and the growing technological advancements and launch of new products are majorly driving market growth in the region.
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. SMART ELEVATOR MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Smart Elevator Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
CHAPTER 4. SMART ELEVATOR MARKET: COMPONENT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Smart Elevator Market: Component Movement Analysis, 2023 & 2030 (USD Million)
4.3. Control System
4.3.1. Control System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Maintenance System
4.4.1. Maintenance System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Communication System
4.5.1. Communication System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Others
4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 5. SMART ELEVATOR MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Smart Elevator Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Residential
5.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Commercial
5.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Institutional
5.5.1. Institutional Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Industrial
5.6.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 6. SMART ELEVATOR MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Smart Elevator Market Share, By Region, 2023 & 2030 (USD Million)
6.2. North America
6.2.1. North America Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.2. U.S.
6.2.2.1. U.S. Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.3. Canada
6.2.3.1. Canada Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.4. Mexico
6.2.4.1. Mexico Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Europe Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.2. UK
6.3.2.1. UK Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.3. Germany
6.3.3.1. Germany Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.4. France
6.3.4.1. France Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.2. China
6.4.2.1. China Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.3. Japan
6.4.3.1. Japan Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.4. India
6.4.4.1. India Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.5. Australia
6.4.5.1. Australia Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.6. South Korea
6.4.6.1. South Korea Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Latin America
6.5.1. Latin America Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5.2. Brazil
6.5.2.1. Brazil Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Middle East and Africa
6.6.1. Middle East and Africa Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.2. South Africa
6.6.2.1. South Africa Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.3. Saudi Arabia
6.6.3.1. Saudi Arabia Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.4. UAE
6.6.4.1. UAE Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
7.4.1. Bosch Security Systems, LLC.
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Recent Developments/Strategic Initiatives
7.4.2. FUJITEC CO., LTD.
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Recent Developments/Strategic Initiatives
7.4.3. Hitachi, Ltd.
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Recent Developments/Strategic Initiatives
7.4.4. HYUNDAIELEVATOR CO.,LTD.
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Recent Developments/Strategic Initiatives
7.4.5. KONE Corporation Finland
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Recent Developments/Strategic Initiatives
7.4.6. Mitsubishi Electric Corporation
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Recent Developments/Strategic Initiatives
7.4.7. Otis Worldwide Corporation
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Recent Developments/Strategic Initiatives
7.4.8. Schneider Electric
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Recent Developments/Strategic Initiatives
7.4.9. TK Elevator
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Recent Developments/Strategic Initiatives
7.4.10. Schindler
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Recent Developments/Strategic Initiatives
7.4.11. Toshiba Elevator and Building Systems Corporation
7.4.11.1. Participant’s Overview
7.4.11.2. Financial Performance
7.4.11.3. Product Benchmarking
7.4.11.4. Recent Developments/Strategic Initiatives
7.4.12. Honeywell International Inc.
7.4.12.1. Participant’s Overview
7.4.12.2. Financial Performance
7.4.12.3. Product Benchmarking
7.4.12.4. Recent Developments/Strategic Initiatives
7.4.13. Siemens
7.4.13.1. Participant’s Overview
7.4.13.2. Financial Performance
7.4.13.3. Product Benchmarking
7.4.13.4. Recent Developments/Strategic Initiatives
1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
1.3.1. Information Procurement
1.3.2. Information or Data Analysis
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights
CHAPTER 3. SMART ELEVATOR MARKET VARIABLES, TRENDS, & SCOPE
3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
3.3.1. Market Drivers Analysis
3.3.2. Market Restraints Analysis
3.4. Smart Elevator Market Analysis Tools
3.4.1. Porter’s Analysis
3.4.1.1. Bargaining power of the suppliers
3.4.1.2. Bargaining power of the buyers
3.4.1.3. Threats of substitution
3.4.1.4. Threats from new entrants
3.4.1.5. Competitive rivalry
3.4.2. PESTEL Analysis
3.4.2.1. Political landscape
3.4.2.2. Economic and Social landscape
3.4.2.3. Technological landscape
3.4.2.4. Environmental landscape
3.4.2.5. Legal landscape
CHAPTER 4. SMART ELEVATOR MARKET: COMPONENT ESTIMATES & TREND ANALYSIS
4.1. Segment Dashboard
4.2. Smart Elevator Market: Component Movement Analysis, 2023 & 2030 (USD Million)
4.3. Control System
4.3.1. Control System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Maintenance System
4.4.1. Maintenance System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Communication System
4.5.1. Communication System Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.6. Others
4.6.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 5. SMART ELEVATOR MARKET: APPLICATION ESTIMATES & TREND ANALYSIS
5.1. Segment Dashboard
5.2. Smart Elevator Market: Application Movement Analysis, 2023 & 2030 (USD Million)
5.3. Residential
5.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Commercial
5.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.5. Institutional
5.5.1. Institutional Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.6. Industrial
5.6.1. Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 6. SMART ELEVATOR MARKET: REGIONAL ESTIMATES & TREND ANALYSIS
6.1. Smart Elevator Market Share, By Region, 2023 & 2030 (USD Million)
6.2. North America
6.2.1. North America Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.2. U.S.
6.2.2.1. U.S. Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.3. Canada
6.2.3.1. Canada Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.2.4. Mexico
6.2.4.1. Mexico Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Europe Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.2. UK
6.3.2.1. UK Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.3. Germany
6.3.3.1. Germany Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.3.4. France
6.3.4.1. France Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.2. China
6.4.2.1. China Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.3. Japan
6.4.3.1. Japan Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.4. India
6.4.4.1. India Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.5. Australia
6.4.5.1. Australia Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4.6. South Korea
6.4.6.1. South Korea Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5. Latin America
6.5.1. Latin America Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.5.2. Brazil
6.5.2.1. Brazil Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6. Middle East and Africa
6.6.1. Middle East and Africa Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.2. South Africa
6.6.2.1. South Africa Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.3. Saudi Arabia
6.6.3.1. Saudi Arabia Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
6.6.4. UAE
6.6.4.1. UAE Smart Elevator Market Estimates and Forecasts, 2018 - 2030 (USD Million)
CHAPTER 7. COMPETITIVE LANDSCAPE
7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
7.4.1. Bosch Security Systems, LLC.
7.4.1.1. Participant’s Overview
7.4.1.2. Financial Performance
7.4.1.3. Product Benchmarking
7.4.1.4. Recent Developments/Strategic Initiatives
7.4.2. FUJITEC CO., LTD.
7.4.2.1. Participant’s Overview
7.4.2.2. Financial Performance
7.4.2.3. Product Benchmarking
7.4.2.4. Recent Developments/Strategic Initiatives
7.4.3. Hitachi, Ltd.
7.4.3.1. Participant’s Overview
7.4.3.2. Financial Performance
7.4.3.3. Product Benchmarking
7.4.3.4. Recent Developments/Strategic Initiatives
7.4.4. HYUNDAIELEVATOR CO.,LTD.
7.4.4.1. Participant’s Overview
7.4.4.2. Financial Performance
7.4.4.3. Product Benchmarking
7.4.4.4. Recent Developments/Strategic Initiatives
7.4.5. KONE Corporation Finland
7.4.5.1. Participant’s Overview
7.4.5.2. Financial Performance
7.4.5.3. Product Benchmarking
7.4.5.4. Recent Developments/Strategic Initiatives
7.4.6. Mitsubishi Electric Corporation
7.4.6.1. Participant’s Overview
7.4.6.2. Financial Performance
7.4.6.3. Product Benchmarking
7.4.6.4. Recent Developments/Strategic Initiatives
7.4.7. Otis Worldwide Corporation
7.4.7.1. Participant’s Overview
7.4.7.2. Financial Performance
7.4.7.3. Product Benchmarking
7.4.7.4. Recent Developments/Strategic Initiatives
7.4.8. Schneider Electric
7.4.8.1. Participant’s Overview
7.4.8.2. Financial Performance
7.4.8.3. Product Benchmarking
7.4.8.4. Recent Developments/Strategic Initiatives
7.4.9. TK Elevator
7.4.9.1. Participant’s Overview
7.4.9.2. Financial Performance
7.4.9.3. Product Benchmarking
7.4.9.4. Recent Developments/Strategic Initiatives
7.4.10. Schindler
7.4.10.1. Participant’s Overview
7.4.10.2. Financial Performance
7.4.10.3. Product Benchmarking
7.4.10.4. Recent Developments/Strategic Initiatives
7.4.11. Toshiba Elevator and Building Systems Corporation
7.4.11.1. Participant’s Overview
7.4.11.2. Financial Performance
7.4.11.3. Product Benchmarking
7.4.11.4. Recent Developments/Strategic Initiatives
7.4.12. Honeywell International Inc.
7.4.12.1. Participant’s Overview
7.4.12.2. Financial Performance
7.4.12.3. Product Benchmarking
7.4.12.4. Recent Developments/Strategic Initiatives
7.4.13. Siemens
7.4.13.1. Participant’s Overview
7.4.13.2. Financial Performance
7.4.13.3. Product Benchmarking
7.4.13.4. Recent Developments/Strategic Initiatives
