The global smart elevator market size reached US$ 25.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 42.2 Billion by 2028, exhibiting a growth rate (CAGR) of 9.1% during 2023-2028. More Info:- https://www.imarcgroup.com/smart-elevator-market

1. Copyright © IMARC Service Pvt Ltd. All Rights Reserved
Global Smart Elevator Market
Research and Forecast Report 2023-
2028
Author: Elena Anderson
Marketing Manager
IMARC Group
© 2022 IMARC All Rights Reserved

2. Report Description
About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on
management strategy and market research worldwide. We partner with clients in all regions
and industry verticals to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing
methods are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our
clients achieve unmatchable competitive advantage, build more proficient organizations, and
secure lasting results.

3. Report Description
Report Description and Highlights
Global Smart Elevator Market Research Report 2023-2028:
According to the latest report by IMARC Group, titled "Smart Elevator Market: Global Industry
Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global smart elevator
market size reached US$ 25.8 Billion in 2022.
Smart elevators are advanced systems that allow vertical transportation of passengers and goods
from one floor to another within a building. They consist of destination dispatching and access
control systems, biometrics, and touch screens that allow users to press a button and choose their
desired destination.
They are faster, reliable and assist in improving the operational efficiency and safety of the elevator
while reducing energy costs. Owing to these properties, smart elevators are widely adopted across
commercial and institutional establishments across the globe.
Request for a PDF sample of this report: https://www.imarcgroup.com/smart-elevator-
market/requestsample

4. Report Description
Report Description and Highlights
Global Smart Elevator Market Trends:
The market is primarily driven by the escalating demand for energy-efficient solutions due to rising
concerns about energy consumption across the globe. In addition, the implementation of various
government initiatives promoting smart city projects is accelerating the adoption of modern amenities
such as smart elevators. Besides this, key players are integrating advanced technologies, such as the
Internet of Things (IoT) and artificial intelligence (AI), in smart elevators to diagnose problems from a
remote location, provide emergency responses, and enhance overall safety.
This, coupled with the adoption of a new permanent magnet synchronous (PMS) gearless traction
machine that utilizes less energy than conventional geared machines, is positively influencing the
market growth. Furthermore, the increasing demand for efficient mobility systems due to the growing
high-rise buildings and the expanding working population is also propelling the market growth.
Looking forward, IMARC Group expects the market value to reach US$ 42.2 Billion by 2028, exhibiting
a CAGR of 9.1% during the forecast period (2023-2028).
View Report TOC, Figures and Tables: https://www.imarcgroup.com/smart-elevator-market

5. Report Description
Report Description and Highlights
Key Market Segmentation
The research report includes the following segments:
Breakup by Solution:
•Control Systems
• Security Control System
• Elevator Control System
•Access Control System
• Maintenance Systems
• Communication Systems
•Services
• Support and Maintenance
• New Deployments
• Modernization
Breakup by Application:
•Residential
•Commercial
•Industrial

6. Report Description
Report Description and Highlights
•Institutional
•Others
Breakup by Region:
•North America
•Asia Pacific
•Europe
•Latin America
•Middle East and Africa

7. Report Description
Report Description and Highlights
Competitive Landscape with Key Players:
•Bosch Service Solutions GmbH
•Hyundai Elevator Co. Ltd
•KONE Elevator India Private Limited (Kone Oyj)
•Mitsubishi Electric Corporation
•Otis Worldwide Corporation
•Schindler Holding Ltd
•Thames Valley Controls Ltd
•TK Elevator
•Toshiba Elevators
•Building Systems Corporation (Toshiba Corporation)

8. Report Description
Key Questions Answered in the Report
1. What was the size of the global smart elevator market in 2022?
2. What is the expected growth rate of the global smart elevator market during 2023-2028?
3. What has been the impact of COVID-19 on the global smart elevator market?
4. What are the key factors driving the global smart elevator market?
5. What is the breakup of the global smart elevator market based on the solution?
6. What is the breakup of the global smart elevator market based on the application?
7. What are the key regions in the global smart elevator market?
8. Who are the key players/companies in the global smart elevator market?

9. Report Description Table of Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Elevator Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

10. Report Description Table of Contents
6 Market Breakup by Solution
6.1 Control Systems
6.1.1 Market Trends
6.1.2 Key Segments
6.1.2.1 Security Control System
6.1.2.2 Elevator Control System
6.1.3 Market Forecast
6.2 Access Control System
6.2.1 Market Trends
6.2.2 Key Segments
6.2.2.1 Maintenance Systems
6.2.2.2 Communication Systems
6.2.3 Communication Systems
6.3 Services
6.3.1 Market Trends
6.3.2 Key Segments
6.3.2.1 Support and Maintenance
Click here to visit the complete table of content with list of figures and tables:
https://www.imarcgroup.com/smart-elevator-market/toc

11. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

12. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients

13. Report Description
Report Description and Highlights
© 2022 IMARC All Rights Reserved
This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of
International Market Analysis Research and Consulting (IMARC). No part of this publication may be
reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be
used in any form or by and means graphic electronic or mechanical, including photocopying, recording,
taping or by information storage or retrieval, or by any other form, without the express consent of
International Market Analysis Research and Consulting (IMARC).
Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been
based on information and sources believed to be accurate and reliable at the time of publishing.
International Market Analysis Research and Consulting makes no representation of warranty of any kind as to
the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any
loss or damage resulting from opinion, errors or inaccuracies if any found this publication.
IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market
Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of
their respective companies.

14. FOR MORE DETAILS
Visit us at :
Stay With Us:
TELEPHONE: +1-631-791-1145
E-MAIL: sales@imarcgroup.com
https://www.imarcgroup.com
Contact Us