IoT in Elevators Market Future Scope and Global outlook to 2026 | Profiling Key Players like Mitsubishi Electric Corporation, Hitachi, Toshiba Elevators, Hyundai Elevator, Fujitec, Electra Ltd, ThyssenKrupp AG, Otis Elevator Company, Telefonica S.A., KONE Corporation

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%. 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.

Some of the factors influencing the market growth are the 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.

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The “Global IoT in Elevators Market” is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The global IoT in Elevators market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading IoT in Elevators market players and offers key trends and opportunities in the market.

The report also includes the profiles of key IoT in Elevators companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, key development in the past five years.

The List of Companies:

  1. Mitsubishi Electric Corporation
  2. Hitachi, Ltd.
  3. Toshiba Elevators
  4. Hyundai Elevator Co., Ltd.
  5. Fujitec Co., Ltd.
  6. Electra Ltd.
  7. ThyssenKrupp AG
  8. Otis Elevator Company
  9. Telefonica S.A.
  10. KONE Corporation

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.

The exclusive report on IoT in Elevators Market research report has been formulated with the help of extensive primary research (inputs from industry experts, companies, and stakeholders) and secondary research to get a universal view of the market. The report gives in-detailed information across global regions, including North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America & Central America (SCAM). We follow an iterative research methodology model to formulate the report that helps decision makers take sound investment evaluation. Secondary research is carried out using internal and external sources to obtain qualitative and quantitative information of the market backed by the primary interview of KOLs and SME’s. This model negates any drastic deviation in the market estimation and is used to estimate the IoT in Elevators Market size and forecasts till 2026.

Note: As per client requirement, cross-sectional analysis across all industries or specific geography or ‘country-based’ analysis can be provided as a part of paid customization.

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1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global IoT in Elevators Market, By Component

6 Global IoT in Elevators Market, By End User

7 Global IoT in Elevators Market, By Application

8 Global IoT in Elevators Market, By Geography

9 Key Developments

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


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