Dublin, Sept. 25, 2013 (GLOBE NEWSWIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/nn4sp9/elevator ) has announced the addition of the "Global Elevator Automation Market Report 2013-2018" report to their offering.
The smart elevators market is expected to reach $16.45 billion by 2018; growing at a double digit CAGR from 2013 till 2018.
The major players in this industry include Kone Corporation (Finland), Otis Elevator (U.S.), Schindler (Switzerland), ThyssenKrupp (Germany), and others.
The stringent regulations being imposed by the governments augmented by the increasing need to save operational costs by building manager/owners has enhanced the demand for elevator access controls and security, automation, and modernization. Growing concern related to security and the developments towards the integration of access controls will propel the market in future. Demand for energy efficient elevators, more convenience, and enhanced security remains the major driver for smart elevators market. Increase in construction spending, growth in urbanization, and global sporting events such as World Cup Soccer in 2014, Olympics in 2016 offer excellent opportunities for market growth. In addition to this, the latest technologies in elevator such as Personal Occupant Requirement Terminal (PORT) and dispatch destination have revolutionized the market. The scope of new installation in regions like Americas and Europe is low as they are already equipped with the latest technology. However, regions like APAC where construction is increasing exponentially have opened new avenues for the elevator industry.
KEY TAKE-AWAYS:
· The smart elevators market is estimated to grow at a healthy CAGR from 2013 till 2018 and reach close to $16.4 billion by the end of these five years.
· Currently, modernization contributes to 60% of the smart elevator market. However, the elevator automation is estimated to grow at the highest CAGR during 2013-2018.
· Porters analysis in detail, market dynamics of products and their respective markets has been explained.
· Detailed segmentation of smart elevators market by application with a focus on markets of high growth and emerging trends in industry
· Detailed market dynamics i.e. drivers, restraints, and opportunities for smart elevators market along with winning imperatives
· Detailed competitive landscape with identification of the key players and market share analysis with market rankings
· Complete value chain, allied industry segments & value chain analysis of the smart elevators market
Key Topics Covered:
1 Introduction
2 Executive Summary
3 Market Overview
4 Products Market
5 Applications Market
6 Geography Analysis
7 Competitive Landscape
8 Company Profiles
· ASSA ABLOY AB
· Bio-Key International Inc
· Bosch Security Systems
· Cisco Systems, Inc.
· Digitalpersona, Inc.
· Hitachi Ltd.
· Honeywell International Inc.
· Hyundai Elevator Co., Ltd.
· Identive Group Inc.
· Ingersoll-Rand Plc
· Johnson Controls Inc.
· Keyscan Inc.
· Kone Corporation
· Linear LIC.
· Mitsubishi Electric Corporation
· Otis Elevator Company
· Progress Security And Safety Systems
· Schindler Group
· Schneider Electric SA
· Secugen Corporation
· Siemens Building Technologies AG
· Tyco International Limited
· Thyssenkrupp Elevator
United Technologies Corporation (UTC)
For more information visit http://www.researchandmarkets.com/research/nn4sp9/elevator
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