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(Transportation-News.com, February 21, 2018 ) 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. 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.
These elevators come with pre-fitted automated features that significantly contribute in reduction of waiting time, hence fueling the global elevator automation market. 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 elevator automation market 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 global elevator automation market is high manufacturing cost of automated elevators. Additionally, the huge installation cost of automated elevators into buildings restraint the growth of global elevator automation market. 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.
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Elevator Automation Market Players:
- 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
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 global elevator automation market. 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 global elevator automation market.
The global elevator automation market has been segmented based on services into installation services, repair & maintenance services, and modernization services. Additionally, the global elevator automation market is fragmented on the basis of products such as elevator access controls & security, automation and controls, biometrics, touchscreens and keypads, card reader, security controls, sensors, and elevator modernization. In addition, the global elevator automation market is segmented based on applications which includes residential sector, commercial sector, industrial sector, institutional sector, and infrastructure sector.
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Also, key Elevator Automation market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Reason to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Elevator Automation market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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The Insight Partners
Sameer Joshi
+91 9666111581
sam@theinsightpartners.com
Source: EmailWire.Com 
Source: EmailWire.com
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