Smart Elevator Market expected to reach USD 26.69 Billion by 2023, at a CAGR of 19.8% over 2023

Trend toward adopting energy-efficient systems is the key driver for smart elevators. The population growth created a high demand for energy. Over the last three decades, the energy consumption rate has gradually gone up and created opportunity for the companies to invest in this sector. Therefore, the shift from traditional hydraulic to smart elevators that save time and consume less energy is the key driver for the market.

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Browse 67 market data Tables and 58 Figures spread through 146 Pages and in-depth TOC on "Smart Elevator Market - Global Forecast to 2022"
     
AVSRS would play a key role in developing the smart elevator market

The automated vehicle storage and retrieval is a robotic technology which uses elevators and other related systems. This technology allows vehicles to be transported by the robotic lifting system. The system offers maximized parking capacity by using minimal space, provides convenience to customers, and ensures vehicle safety. These parking systems can be used in any new construction or renovation projects. This automated parking technology is suitable for densely populated areas including metropolitan areas, business parks, office buildings, trains and subway stations, trade centres, hotels, and others. These automated parking technologies are environmentally friendly because car engines are shut off when cars are stored or retrieved in this parking system; also, the search time for a parking space is eliminated because this a robotic system which works without human intervention.

New installation services are expected to lead the market by 2022

The new installation services are likely to dominate the market by 2022. In emerging economies such as APAC, the Middle East, Africa, and Latin America, the market for new installations is expected to grow significantly at a high rate. The growing high-rise buildings and economy modernization initiatives of government, and favourable business environment are the key factors supporting the growth of new installations.

North America dominated the smart elevator market; APAC is expected to grow at the highest rate during the forecast period

The growth of this market in North America can largely be attributed to the increasing demand for energy-efficient systems. The stringent mandates of governing bodies propelled adoption of smart elevators. The North American region is the major market for smart elevators as this region has very high penetration of ICT technologies compared to other regions. The economy modernization initiatives in emerging countries and government support are the major factors contributing to the growth in APAC. The presence of most populous countries such as India and China make APAC a lucrative market as rapid urbanization and infrastructure in this region is likely to pave new growth avenues for companies.

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The major companies in the smart elevator ecosystem profiled in this report are as follows:

1. ThyssenKrupp AG (Germany)
2. Otis Elevator Company (U.S.)
3. KONE Corporation (Finland)
4. Schindler Group (Switzerland)
5. Hitachi Ltd. (Japan)
6. Hyundai Elevator Company Ltd. (South Korea)
7. Toshiba Elevators and Building Systems Corporation (Japan)
8. Mitsubishi Electric Corporation (Japan)
9. Fujitec Co. Ltd. (Japan)
10. Motion Control Engineering, Inc. (U.S.)

This research report categorizes the smart elevator market based on component, application, service, and geography. The report describes the drivers, restraints, opportunities, and challenges for this market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
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newsletter@marketsandmarkets.com

Supercapacitor Market worth 2.18 Billion USD by 2022

The supercapacitor market is estimated to be valued at USD 568.2 million in 2015 and is expected to reach USD 2,181.2 Million by 2022 at a CAGR of 20.7 % between 2016 and 2022. Factors such as high storage capabilities, need of power conservation, high performance supercapacitors for consumer and automotive applications, and additional capabilities such as moisture resistant, light weight and low equivalent series resistance are the key drivers for supercapacitor market.

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Browse 74 market data tables and 58 figures spread through 162 pages and in-depth TOC on “Supercapacitor Market - Global Forecast to 2022”

Double layer capacitor held the largest market share in 2015 and is expected to exhibit high growth during the forecast period

Double layer capacitor is the major contributor of this market. The market for double layer capacitors is increasing rapidly. Its applications vary from portable electronics and medical devices to hefty hybrid and other transportation uses. Moreover, supercapacitor can also be used in other application such as memory, power backup, led signs, and renewable energy.

Automotive vertical expected to grow at the highest rate during the forecast period

Supercapacitors have extensive range of uses in automotive. The significance of supercapacitor is increasing owing to the growing implementation of automobiles that uses electrical systems to become more energy efficient. Battery uses more energy by losing kinetic energy while accelerating and decelerating the vehicle Thus, supercapacitors helps reduce energy usage for power break application in automotive industry use of traditional batteries in the automotive sector. The supercapacitors are used widely in the automotive for headlights, the climate control, and audio system.

APAC held the largest share of the supercapacitor market

The major tech companies such as Panasonic Corporation (Japan), Murata Manufacturing Co., Ltd. (Japan), and Nesscap Co., Ltd. (China), among others have been responsible for the dynamic growth of the supercapacitor market in APAC. China held the largest market share in APAC, in 2015. Additionally, its application in the consumer electronics and automotive vertical has fueled the market growth.

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The market in APAC is expected to grow at the highest rate during the forecast period. The increasing number of businesses in APAC has increased the demand for supercapacitor.

Major players operating in the supercapacitor market include Cap-XX Limited (Australia), Panasonic Corporation (Japan), Nesscap Energy Inc. (Canada), Murata Manufacturing Co., Ltd. (Japan), Maxwell Technologies, Inc. (U.S.), Axion Power International, Inc. (U.S.), AVX Corporation (U.S.), Graphene Laboratories, Inc. (U.S.), Nippon Chemi-Con Corporation (Japan), Mouser Electronics, Inc. (U.S.), and Evans Capacitor Company (U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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Automotive Semiconductor Market | Effective Business Strategies | Analysis With Forecast To 2022

According to the new market research report on the “Automotive Semiconductor Market by Component (Processor, Analog IC, Discrete Power, Sensor, and Memory), Vehicle Type (Passenger, LCV, and HCV), Fuel Type (Gasoline, Diesel, and Electric and Hybrid), Application, and Geography — Global Forecast to 2022”published by MarketsandMarkets™.

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The automotive semiconductor market is expected to reach USD 48.78 Billion by 2022, at a CAGR of 5.8% between 2016 and 2022. The most significant factor driving the automotive semiconductor market is the increasing vehicle production which, in turn, is leading to the rise in demand for automotive semiconductors. Rising trend of vehicle electrification and growing demand for advanced safety, convenience, and comfort systems are the other factors driving the growth of the semiconductor content in the automobiles.

The competitive landscape of the market presents a very interesting picture where several big and small players have become a force to reckon with. The key players in the automotive semiconductor market are NXP Semiconductors N.V. (Netherlands), Renesas Electronics Corp. (Japan), Infineon Technologies AG (Germany), STMicroelectronics N.V. (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), ROHM Co., Ltd. (Japan), Toshiba Corp. (Japan), and Analog Devices Inc. (U.S.) among others.

Browse and in-depth TOC on “Automotive Semiconductor Market”
 71 — Tables
 71 — Figures
 188 — Pages

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“Ongoing electrification of the powertrain system generating more demand for discrete power devices”

 Discrete power devices is the fastest-growing segment of the automotive semiconductor market segmented based on components. The reason behind this sharp growth in the market share of the discrete power devices is due to the ongoing electrification of the major applications of the automobile, such as powertrain, which is generating more demand for power components such as MOSFET and IGBT.

“Passenger cars segment occupies almost three-fourth of the overall automotive semiconductor market”

 Passenger cars accounted for the largest market share in 2019. This growth can be attributed to the huge demand for passenger cars across the globe, especially in Asia-Oceania. The rising middle-class population and improved disposable income have accelerated the demand for passenger cars in countries such as China, India, Thailand, Indonesia, and Malaysia among others.

“Automotive industries in Asia-Oceania are the major consumers of the semiconductor component”

The Asia-Oceania region expected to account for the largest share the total automotive semiconductor market. The Asia-Oceania region has emerged as a major automotive hub with most of the market share in terms of vehicle production as well as sales. The primary reason for this trend is the growing Chinese automotive market. This market has evolved into the largest producer of vehicles and consequently the largest consumer of automotive semiconductor across the globe.

The report articulates the drivers, restraints, challenges, and opportunities with respect to the automotive semiconductor market and forecast the market till 2022. The report also gives a qualitative and quantitative description about different segments considered for the automotive semiconductor market. This global report gives a detailed view of the market across the four geographical regions, namely, North America, Europe, Asia-Oceania, and Rest of the World.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model — GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
 Mr. Shelly Singh
 MarketsandMarkets™ INC.
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 Suite 430
 Northbrook, IL 60062
 USA : 1–888–600–6441
 newsletter@marketsandmarkets.com

Smart Elevator Market worth 26.69 Billion USD by 2022

The report “Smart Elevator Market by Component (Control System, Maintenance System, Communication System), Services (New Installation, Modernization, Maintenance), Application and Geography - Global Forecast to 2022”, is expected to grow from USD 9.54 Billion in 2015 to USD 26.69 Billion by 2022, at a CAGR 15.6% between 2015 and 2022. Trend toward adopting energy-efficient systems is the key driver for smart elevators. The population growth created a high demand for energy. Over the last three decades, the energy consumption rate has gradually gone up and created opportunity for the companies to invest in this sector. Therefore, the shift from traditional hydraulic to smart elevators that save time and consume less energy is the key driver for the market.

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Browse 67 market data Tables and 58 Figures spread through 146 Pages and in-depth TOC on "Smart Elevator Market - Global Forecast to 2022"

https://www.marketsandmarkets.com/Market-Reports/elevators-controls-market-1004.html

AVSRS would play a key role in developing the smart elevator market

The automated vehicle storage and retrieval is a robotic technology which uses elevators and other related systems. This technology allows vehicles to be transported by the robotic lifting system. The system offers maximized parking capacity by using minimal space, provides convenience to customers, and ensures vehicle safety. These parking systems can be used in any new construction or renovation projects. This automated parking technology is suitable for densely populated areas including metropolitan areas, business parks, office buildings, trains and subway stations, trade centers, hotels, and others. These automated parking technologies are environmentally friendly because car engines are shut off when cars are stored or retrieved in this parking system; also the search time for a parking space is eliminated because this a robotic system which works without human intervention.

New installation services are expected to lead the market by 2022

The new installation services are likely to dominate the market by 2022. In emerging economies such as APAC, the Middle East, Africa, and Latin America, the market for new installations is expected to grow significantly at a high rate. The growing high-rise buildings and economy modernization initiatives of government, and favorable business environment are the key factors supporting the growth of new installations.

• Ask for Sample Pages :- https://www.marketsandmarkets.com/requestsampleNew.asp?id=1004

North America dominated the smart elevator market; APAC is expected to grow at the highest rate during the forecast period

The growth of this market in North America can largely be attributed to the increasing demand for energy-efficient systems. The stringent mandates of governing bodies propelled adoption of smart elevators. The North American region is the major market for smart elevators as this region has very high penetration of ICT technologies compared to other regions. The economy modernization initiatives in emerging countries and government support are the major factors contributing to the growth in APAC. The presence of most populous countries such as India and China make APAC a lucrative market as rapid urbanization and infrastructure in this region is likely to pave new growth avenues for companies.

The major companies in the smart elevator ecosystem profiled in this report are as follows:

1. ThyssenKrupp AG (Germany)
2. Otis Elevator Company (U.S.)
3. KONE Corporation (Finland)
4. Schindler Group (Switzerland)
5. Hitachi Ltd. (Japan)
6. Hyundai Elevator Company Ltd. (South Korea)
7. Toshiba Elevators and Building Systems Corporation (Japan)
8. Mitsubishi Electric Corporation (Japan)
9. Fujitec Co. Ltd. (Japan)
10. Motion Control Engineering, Inc. (U.S.)

This research report categorizes the smart elevator market on the basis of component, application, service, and geography. The report describes the drivers, restraints, opportunities, and challenges for this market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the market.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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Haptic Technology Market expected to reach USD 19.55 Billion by 2022, at a CAGR of 16.20%, over 2019–2022

The major factors influencing the growth of the haptic technology market (drivers, restraints, opportunities, and industry-specific challenges) and strategically analysing micro-markets with respect to the individual growth trends, prospects, and contributions to the total market. The base year considered for the study is 2015 and the market is forecast from 2016 to 2022.

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Browse 65 market data tables and 55 figures spread through 136 pages and in-depth TOC on “Haptic Technology Market - Global Forecast to 2022”

Tactile feedback haptics accounted for the largest market of the haptic technology market in 2015

Tactile feedback haptic technology accounted for the largest market in 2015, driven by its applications in consumer electronic devices such as smartphones and tablets. Almost all the smartphones and tablets are inbuilt with tactile feedback and the trend has been shifting to wearable devices such as smartwatches and wristbands. The market for tactile feedback haptics is also expected to be driven by the increasing demand in several applications such as gaming, automotive, and healthcare, among others.

The haptic technology market is application driven; the market for education & research application is expected to grow at the highest rate during the forecast period

The haptic technology market for the education & research application is expected to grow at the highest rate during the forecast period, followed by the industrial (engineering) application. This growth is attributed to the rising integration of haptics into AR & VR devices which have significant demand in the education sector.

Incorporating haptics in education would make teaching and learning easy as the students experience the practical applications of haptics and this helps them in understanding and further improving their skills. Also, many universities across the globe have been doing research on haptics and are also being the source of new companies. For example, Ultrahaptics (U.K.) has come out of the University of Bristol and has been making progress in developing midair haptics, where vibrations can be felt without touching the display.

The major companies in the haptic technology market that have been included in this report are Immersion Corporation (U.S.), Texas Instruments Incorporated (U.S.), Ultrahaptics (U.K.), Haption S.A. (France), ON Semiconductor Corporation (U.S.), Johnson Electric (Hong Kong), SMK Corporation (Japan), Microchip Technologies Incorporated (U.S.), Synaptics Incorporated (U.S.), Geomagic (U.S.), Force Dimension (Switzerland), Precision Microdrives Ltd. (U.K.), Senseg (Finland), and Imagis Co., Ltd. (South Korea).

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Asia-Pacific accounted for the largest market for haptic technology in 2015

Asia-Pacific accounted for the largest market for haptic technology, followed by North America and Europe, driven by the consumer electronics sector. This growth in the Asia-Pacific region is led by countries such as China, Japan, and South Korea. Other countries in this region such as Australia, New Zealand, and India are expected to create potential growth opportunities for this market during the forecast period because of its high demand in consumer electronic products.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
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Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441 
newsletter@marketsandmarkets.com

3D Sensors Market worth 5.46 Billion USD by 2022

The major factors driving the growth of the 3D sensors market include the rising demand for 3D enabled devices in consumer electronics, integration of the optical and electronic components, the use of sensing technology in gaming applications, and the growing requirement for security & surveillance systems.

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Browse 72 market data Tables and 95 Figures spread through 219 Pages and in-depth TOC on "3D Sensors Market - Global Trend & Forecast to 2022"

“Time-of-flight to hold a major share of the overall 3D sensors market during the forecast period”

The 3D sensors market for the time-of-flight technology is expected to grow at the highest rate during the forecast period. The main factor driving the growth of this market is the time of flight sensors that provides much higher frame rate compared to other sensor technologies. However, they provide a lower z-resolution (approximately 1 to 2 cm) compared to other 3D sensors. The features such as compactness and ease of use along with high accuracy and frame rate have helped this market grow.

Key Target Audience

• 3D sensor providers and distributors
• End users of 3D sensors and products
• Original equipment manufacturers (OEMs)
• Product manufacturers and suppliers
• Research organizations and consulting companies
• Semiconductor and component vendors
• Technology investors

“Consumer electronics application to exhibit highest growth rate by 2022”

The market for the consumer electronics application is expected to grow at the highest rate during the forecast period. This is mainly because of the high adoption rate of 3D sensors in consumer electronics. The presence of additional features such as virtual reality and motion detection in the gaming sector has boosted the growth of this market. Continuous product development with innovation in consumer electronics has increased the demand for 3D sensors.

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The major companies that develop 3D sensors include ASUSTeK Computer Inc. (Taiwan), Cognex Corporation (U.S.), Infineon Technologies AG (Germany),  Intel Corporation (U.S.), IFM Electronic GmbH (Germany), LMI Technologies, Inc. (Canada), Microchip Technology Inc. (U.S.), Microsoft Corporation (U.S.), Occipital, Inc. (U.S.), OmniVision Technologies, Inc. (U.S.), PMD Technologies AG (Germany), Qualcomm Technologies, Inc. (U.S.), and SoftKinetic (Belgium).

 “North America to be the largest market for 3D sensors during the forecast period”

3D sensors are increasingly being adopted in North America, owing to the growing demand for effective and efficient processing in terms of three-dimensional imaging. Increasing focus of companies to implement 3D sensors in various applications and ongoing research & development have enabled the growth of the North American 3D sensors market. The implementation of 3D sensors helps in improving the understanding and the working process in various applications such as healthcare, aerospace and defense and automotive, where in-depth knowledge is of utmost importance.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

Smart Elevator Market expected to reach USD 26.69 Billion by 2023, at a CAGR of 19.8% over 2023

Trend toward adopting energy-efficient systems is the key driver for smart elevators. The population growth created a high demand for energy. Over the last three decades, the energy consumption rate has gradually gone up and created opportunity for the companies to invest in this sector. Therefore, the shift from traditional hydraulic to smart elevators that save time and consume less energy is the key driver for the market.

• Download Informational PDF Brochure :- https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1004

Browse 67 market data Tables and 58 Figures spread through 146 Pages and in-depth TOC on "Smart Elevator Market - Global Forecast to 2022"
     
AVSRS would play a key role in developing the smart elevator market

The automated vehicle storage and retrieval is a robotic technology which uses elevators and other related systems. This technology allows vehicles to be transported by the robotic lifting system. The system offers maximized parking capacity by using minimal space, provides convenience to customers, and ensures vehicle safety. These parking systems can be used in any new construction or renovation projects. This automated parking technology is suitable for densely populated areas including metropolitan areas, business parks, office buildings, trains and subway stations, trade centres, hotels, and others. These automated parking technologies are environmentally friendly because car engines are shut off when cars are stored or retrieved in this parking system; also, the search time for a parking space is eliminated because this a robotic system which works without human intervention.

New installation services are expected to lead the market by 2022

The new installation services are likely to dominate the market by 2022. In emerging economies such as APAC, the Middle East, Africa, and Latin America, the market for new installations is expected to grow significantly at a high rate. The growing high-rise buildings and economy modernization initiatives of government, and favourable business environment are the key factors supporting the growth of new installations.

North America dominated the smart elevator market; APAC is expected to grow at the highest rate during the forecast period

The growth of this market in North America can largely be attributed to the increasing demand for energy-efficient systems. The stringent mandates of governing bodies propelled adoption of smart elevators. The North American region is the major market for smart elevators as this region has very high penetration of ICT technologies compared to other regions. The economy modernization initiatives in emerging countries and government support are the major factors contributing to the growth in APAC. The presence of most populous countries such as India and China make APAC a lucrative market as rapid urbanization and infrastructure in this region is likely to pave new growth avenues for companies.

• Ask for Sample Pages of Report :-
https://www.marketsandmarkets.com/requestsampleNew.asp?id=1004

The major companies in the smart elevator ecosystem profiled in this report are as follows:

1. ThyssenKrupp AG (Germany)
2. Otis Elevator Company (U.S.)
3. KONE Corporation (Finland)
4. Schindler Group (Switzerland)
5. Hitachi Ltd. (Japan)
6. Hyundai Elevator Company Ltd. (South Korea)
7. Toshiba Elevators and Building Systems Corporation (Japan)
8. Mitsubishi Electric Corporation (Japan)
9. Fujitec Co. Ltd. (Japan)
10. Motion Control Engineering, Inc. (U.S.)

This research report categorizes the smart elevator market based on component, application, service, and geography. The report describes the drivers, restraints, opportunities, and challenges for this market. The Porter’s five forces analysis has been included in the report with a description of each of its forces and their respective impact on the market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com