Building & Construction Market Research News

Research focused on the elevator automation industry forecast to 2025

Construction Market Research

Automated elevators make use of advance technology for enhancing efficiency, achieving proper vertical movement of elevators and enhancing traffic management. Smart elevator help to achieve increased energy efficiency and advanced destination dispatch solution.

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These systems further provide latest digital security measure (such as access control systems), and touch screens. Embedded with automated features, automated elevators have more benefits over the traditional lifts.

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These elevators come with pre-fitted automated features that significantly contribute in reduction of waiting time, hence fueling the Worldwide Elevator Automation Industry. The growing need for energy efficient elevators for conservation of energy wasted during operations has led to implementation of automated elevators.

Furthermore, increasing concern for development and security of the constructed (residential, commercial & institutional) premises has fueled the demand for the Worldwide Elevator Automation Industry globally. Additionally, rapid urbanization and increased expenditure on constructional projects has triggered the need of automated elevators and associated control systems.

The major factor hindering the Worldwide Elevator Automation Industry is high manufacturing cost of automated elevators. Additionally, the huge installation cost of automated elevators into buildings restraint the growth of Worldwide Elevator Automation Industry.

Due to above mentioned reasons, the adoption rate of automated elevators is very low and it is expected the impact of this factor will subside during the forecast period.

Furthermore, owing to the rapid advancement in computer and automation technology, the concept of smart elevators is expected to be soon casted into products (smart automated elevators), thereby anticipated to boost the Worldwide Elevator Automation Industry. Security being the main concern to propel the demand for more advanced and sophisticated elevators, thus, smart elevators are deployed at entry point systems to prevent unauthorized access and tailgating.

They also provide adequate safeguards through various identification and validation techniques. Moreover, energy efficiency and centralized controls are expected to be key factors for the adoption of smart elevators.

The regulations and standards made regarding increased efficiency and energy conservation are expected to add to the growth of the Worldwide Elevator Automation Industry.

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Segmentations Covered in the Elevator Automation Market

  • Services : Installation Services, Repair & Maintenance Services, Modernization Services
  • Products: Elevator Access Controls & Security, Automation and Controls, Biometrics, Touchscreens and Keypads, Card Reader, Security Controls, Sensors, Elevator Modernization
  • Applications : Residential Sector, Commercial Sector, Industrial Sector, Institutional Sector, Infrastructure Sector
  • Geographical Analysis: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), South America (SAM)

Some of the leading players in Elevator Automation Market Report

  • KONE Corporation
  • Hitachi, Ltd.
  • Bosch Security Systems
  • Fujitec
  • Thyssenkrupp AG
  • Mitsubishi Electric Corporation
  • Hyundai Elevator Co., Ltd.
  • Otis Elevator Company
  • Schindler
  • Honeywell International Inc.
  • Tyco

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