Smart Elevator Market

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MarketsandMarkets Presents
Smart Elevator Market worth 16.4 Billion By 2018
http//www.marketsandmarkets.com/Market-Reports/el
evators-controls-market-1004.html
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According to a new market research report "Smart
Elevator Market Access Controls Security (Card
Based, Biometrics, Touch Screens Keypads,
Security) Automation (Sensors Controllers,
Motors Drives, BMS) Modernization (Operating
Panels, Electronic Device) (2013-2018)" published
by MarketsandMarkets, the total smart elevator
market is expected to reach 16.45 billion by
2018 growing at a CAGR of 10.5 from 2013 to
2018. Browse 106 market data tables and 31
figures spread through 278 pages and in-depth TOC
on Smart Elevator Market Access Controls
Security (Card Based, Biometrics, Touch Screens
Keypads, Security) Automation (Sensors
Controllers, Motors Drives, BMS) Modernization
(Operating Panels, Electronic Device)
(2013-2018). http//www.marketsandmarkets.com/Ma
rket-Reports/elevators-controls-market-1004.html T
he demand for security is propelling with respect
to the advanced and more sophisticated technology
being introduced in the market. Organizations are
more attentive to equip themselves for such
threats and need to safeguard their properties.
Demand for energy efficient solutions, enhanced
security, and improving the standards of the
individuals have led to the development of the
smart elevators market (i.e. elevator access
controls and security, automation, and
modernization market). 
http//www.marketsandmarkets.com/Market-Reports/el
evators-controls-market-1004.html
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Energy efficiency and centralized controls are
the driving factors in elevator automation. A
well maintained elevator lasts for around 20
years or we can say it is an average life of an
elevator. After a stipulated time frame,
upgrading an already installed elevators-system
is a must be it due to statutory requirements for
increasing handling capacity or comfort, saving
energy costs. Updating controllers, communication
panel, drives, cabins, doors, lightening and
sensors and other and innovative operating and
display elements with new technologies will
enhance elevators life, saves energy and power,
improved usability for people with special needs.
45 of revenue will be generated from new
installation, modernization, and servicing which
would collectively contribute for 55 of
revenue. http//www.marketsandmarkets.com/Purchas
e/purchase_report1.asp?id1004 The surge in
construction sector after the financial crisis
has created a huge demand for elevators. The
market for elevator access control,
modernization, and automation will also gain
momentum. China will solidify its position as the
worlds largest market for elevators, with
domestic demand growing over 12 per year.
Infrastructure development and global sporting
events such as World Cup Soccer in 2014, Olympics
in 2016 offer excellent opportunities to the
market growth.
http//www.marketsandmarkets.com/Market-Reports/el
evators-controls-market-1004.html
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The report has detailed segmentation by products,
applications, and geography for smart elevators
market. Elevator access controls and security
market is further segmented into card based,
biometric based, keypad and touch based,
surveillance system, intruder alarm, and visitor
management system. Elevator automation includes
sensor and controllers, motors and drives,
building management system. Operating panels,
electronic equipment, and landing system are
covered under elevator modernization market. The
application segmentation of the market covers the
different types of buildings like commercial,
institutional, residential, and others. These
broad application sectors have been further
segmented by the type of buildings. For instance,
the commercial application has been further
segmented by offices, lodging, retail,
healthcare, and warehouses manufacturing. One of
the objectives of the research study is to
analyze the market trends for each of the product
types. The report also covers Porters five force
analysis, value chain with detailed process flow
diagram, and market dynamics such as drivers,
restraints, and opportunities for the elevator
access controls and security, automation, and
modernization markets.
http//www.marketsandmarkets.com/Market-Reports/el
evators-controls-market-1004.html
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Stakeholders Elevators manufacturer Elevator
access controls vendors Real estate
builders System integrators Building
owners Project/building consultants Components
manufacturers (sensors, controls, etc.) Building
Management Systems (product servers
providers) Associations Standards Government
bodies involved in Green Buildings Software
vendors About MarketsandMarkets MarketsandMarkets
is a global market research and consulting
company based in the U.S. We publish
strategically analyzed market research reports
and serve as a business intelligence partner to
Fortune 500 companies across the world.
http//www.marketsandmarkets.com/Market-Reports/el
evators-controls-market-1004.html
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