Car elevators

 Among all the end users, the residential sector is anticipated to be the largest segment, accounting for 44% share of the overall smart elevator automation system market, by the end of 2025, followed by the commercial sector, accounting for over 30% market share. This report covers trends driving each segment and respective sub-segments of the market, and offers analysis and insights on the potential of the smart elevator automation system market in specific regions.

The global smart elevator automation system market is projected to expand at a healthy double-digit CAGR of 16. The components of the smart elevator automation system include ─ card reader, biometric, touch screen and keypad, security and control system, sensor, motor and automation system and building management system. The equipment installation service segment accounted for over 57% share of the global smart elevator automation system market in 2014, and is expected to expand at a CAGR of 14. Weste Europe and Easte Europe collectively accounted for over 29. The security and control system was the second largest segment Car elevator Suppliers in 2014 and is projected to expand at the highest CAGR of 19.futuremarketinsights.

This is attributed to the significant increase in number of high-rise buildings in big cities in emerging economies, such as China and India, and rise in public expenditure on infrastructure development projects in the region.com/askus/rep-gb-469Key players in the global smart elevator automation system market include KONE Corporation, United Technologies Corporation, ThyssenKrupp Elevator AG, Tyco Inteational Limited, Fujitec Co. Major players in the smart elevator automation system market are focusing on developing advanced destination dispatch solutions to gain competitive advantage.ABOUT US:Future Market Insights (FMI) is a leading market intelligence and consulting firm. and Mitsubishi Electric Corporation.6% over the forecast period.Future Market Insights (FMI) delivers key insights on the Global Smart Elevator Automation System Market in its latest report titled “Smart Elevator Automation System Market: Global Industry Analysis and Opportunity Assessment 2015 - 2025”.comThis release was published on openPR. In 2014, the sensor, motor and automation system segment dominated the market, accounting for 69. The MEA region is projected to expand at a CAGR of 13. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.2% during the forecast period due to various factors, regarding which FMI offers vital insights, in detail, in this report.

By region, Asia Pacific Excluding Japan (APEJ) dominated the smart elevator automation system market with over 32% share of the overall market in 2014 and is anticipated to remain dominant till the end of 2025.8% share of the overall smart elevator automation system market in 2014. The modeisation service segment is anticipated to expand at the highest CAGR of 18.On the basis of service, the market has been segmented into equipment installation services, repair & maintenance services and modeization services., to optimize the availability of elevators utilizing IoT capabilities. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends. High-rise buildings in major countries of North America, such as the U..