Global IoT in Elevators Market Outlook 2017-2019 & 2026 –

in Elevators – Global Market Outlook (2017-2026)”
report has
been added to’s offering.

Global IoT in Elevators market accounted for $13.57 billion in 2017 and
is expected to reach $53.85 billion by 2026 growing at a CAGR of 16.5%.

Some of the factors influencing the market growth are 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.

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.

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.

By geography, North America is expected to dominate the global market
due to the growing number of a high-rise building, increased
digitization and technological developments are fuelling the market in
this region.

Some of the key players in the IoT in Elevators market include
Mitsubishi Electric Corporation, Hitachi, Ltd., Toshiba Elevators,
Hyundai Elevator Co., Ltd., Fujitec Co., Ltd., Electra Ltd.,
ThyssenKrupp AG, Otis Elevator Company, Telefonica S.A. and KONE

What our report offers:

  • Market share assessments for the regional and country level segments
  • Strategic recommendations for the new entrants
  • Market forecasts for a minimum of 9 years of all the mentioned
    segments, sub-segments, and the regional markets
  • Market Trends (Drivers, Constraints, Opportunities, Threats,
    Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology
    Analysis, Porter’s five forces analysis, SWOT analysis etc.
  • Strategic recommendations in key business segments based on the market
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent
  • Supply chain trends mapping the latest technological advancements

Key Topics Covered:

1 Executive Summary

2 Preface

2.1 Abstract

2.2 Stake Holders

2.3 Research Scope

2.4 Research Methodology

2.5 Research Sources

3 Market Trend Analysis

3.1 Introduction

3.2 Drivers

3.3 Restraints

3.4 Opportunities

3.5 Threats

3.6 End User Analysis

3.7 Application Analysis

3.8 Emerging Markets

3.9 Futuristic Market Scenario

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global IoT in Elevators Market, By Component

5.1 Introduction

5.2 Services

5.2.1 Refurbishing

5.2.2 Managed Services

5.2.3 Designing & Engineering

5.2.4 Maintenance & Repair

5.2.5 Installation

5.3 Hardware(M2M Gateway/Elevator Gateway)

5.4 Software

5.4.1 Cloud

5.4.2 On-premise

6 Global IoT in Elevators Market, By End User

6.1 Introduction

6.2 Commercial

6.3 Industrial

6.4 Residential

7 Global IoT in Elevators Market, By Application

7.1 Introduction

7.2 Advanced Reporting

7.3 Connectivity Management

7.4 Remote Monitoring

7.5 Preventive Maintenance

7.6 Other Applications

7.6.1 Call Management

8 Global IoT in Elevators Market, By Geography

8.1 Introduction

8.2 North America

8.2.1 US

8.2.2 Canada

8.2.3 Mexico

8.3 Europe

8.3.1 Germany

8.3.2 UK

8.3.3 Italy

8.3.4 France

8.3.5 Spain

8.3.6 Rest of Europe

8.4 Asia Pacific

8.4.1 Japan

8.4.2 China

8.4.3 India

8.4.4 Australia

8.4.5 New Zealand

8.4.6 South Korea

8.4.7 Rest of Asia Pacific

8.5 South America

8.5.1 Argentina

8.5.2 Brazil

8.5.3 Chile

8.5.4 Rest of South America

8.6 Middle East & Africa

8.6.1 Saudi Arabia

8.6.2 UAE

8.6.3 Qatar

8.6.4 South Africa

8.6.5 Rest of Middle East & Africa

9 Key Developments

9.1 Agreements, Partnerships, Collaborations and Joint Ventures

9.2 Acquisitions & Mergers

9.3 New Product Launch

9.4 Expansions

9.5 Other Key Strategies

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

For more information about this report visit

Laura Wood, Senior Press Manager
E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call
For GMT Office Hours Call +353-1-416-8900
Topics: Internet
of Things and M2M
, Elevators
and Escalators