Global Smart Elevators industry valued approximately USD 7.02 billion in 2016 is anticipated to grow with a healthy growth rate of more than 16.3% over the forecast period 2017-2025. government programs for green technologies, increasing no. of high rise buildings, growing espousal of wireless technology, greater efficiency & security over common elevators are expected to escalate the demands of Smart Elevators.

The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

Component:
> Maintenance
> Control
o Access
o Elevator
o Sensors
o Security
> Communication

Application:
> Institutional
> Residential
> Automated Vehicle Storage & Retrieval System
> Commercial

Service:
> Modernization
> New Installation
> Maintenance

Regions:
> North America
o U.S.
o Canada
> Europe
o UK
o Germany
> Asia Pacific
o China
o India
o Japan
> Latin America
o Brazil
o Mexico
> Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year - 2015
Base year - 2016
Forecast period - 2017 to 2025

Some of the key manufacturers involved in the market are Schindler Group, Otis Elevator Company, KONE Corp., ThyssenKrupp AG, Honeywell International Inc., Hitachi Ltd., Mitsubishi Electric Corp. and Siemens Building Technologies. The companies are spending a lot on their research and development programs to keep up with the dynamically changing technologies in the market. Acquisitions and effective mergers are one of the expansion strategies taken by the key manufacturers.

Target Audience of the Smart Elevators Market Study

> Key Consulting Companies & Advisors
> Large, medium-sized, and small enterprises
> Venture capitalists
> Value-Added Resellers (VARs)
> Third-party knowledge providers
> Investment bankers
> Investors