Press release
Smart Elevator Market: Rise In Construction Industry Due To Intensification In Urbanization
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The rigorous directives being made obligatory by governments amplified by the need for saving cost of operation by building owners has improved the market for smart elevator access controls and security and automation. Increasing concerns related to safety and the developments towards the incorporation of access controls will be the driving force of the market in future. Other drivers include demand for more convenience, energy efficiency and enhanced security. There is global rise in construction industry due to intensification in urbanization and rise in demand for infrastructure for large sporting events is offering excellent opportunities for significant growth of smart elevator systems.
North America and Europe have largest market currently. Asia Pacific which includes developing nations such as India and China where construction market is increasing have huge demand for smart elevator systems and comprise a fast growing market. Brazil, Russia and South Africa are also expected to register robust growth in the infrastructure segment and it is anticipated to drive the elevator industry.
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Some of the key players in this market are Bosch Security Systems, Bio-Key International Inc, Cisco Systems Inc., Hitachi Ltd., Digitalpersona Inc., Honeywell International Inc., Identive Group Inc., Hyundai Elevator Co. Ltd., Ingersoll-Rand Plc, Keyscan Inc., Johnson Controls Inc., Kone Corporation, Mitsubishi Electric Corporation, Linear Llc., Otis Elevator Company, Schneider Electric SA, Progress Security and Safety Systems, Siemens Building Technologies AG and ThyssenKrupp Elevator.
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations
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