Global IoT in Elevators Market Size study, by Component (Hardware, Software and Services), By Application (Preventive Maintenance, Remote Monitoring, Advanced Reporting, Connectivity Management and Others), By End-User (Residential, Commercial and Industrial) and Regional Forecasts 2020-2027

Global IoT in Elevators Market is valued approximately USD 12.1 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.00 % over the forecast period 2020-2027. Elevator companies have identified that elevator maintenance is one expense that costs huge amount to the companies. The emergence of internet of things (IoT) in application such as lighting control and HVAC towards a more granular approach payed the way for the IoT to be integrated with elevators and for efficiencies. Also, the capabilities of IoT technology allows to replicate predictive maintenance capabilities in the elevators and helps in managing large stream of performance data. Also, the IoT in elevators is gaining popularity for connectivity management, call management, preventive maintenance and advanced reporting. As a result, private companies are also making several efforts to launch new solutions for IoT in elevators market which would drive the growth of the market. Otis Elevator Company has launched its OTIS ONE IoT service platform. Within this new connected digital ecosystem, data is gathered directly from escalators and elevators via smart sensor technology. Rise in number of smart cities and smart construction projects along with the increasing focus on infrastructure development and modernization would drive the growth of the market during the forecast period of 2020-2027. According to the Open Connectivity Foundation in January 2019, as the internet of things continues to expand, the foundation to continue the mission of creating an open standard to ensure interoperability between these smart devices. The standards goals to bridge the gap between smart building by advancing the adoption of smart building IOT. Similarly, in June 2018 the Government of United Kingdom reveals in June 2018 that, revealed that it has the government has spent around USD 60 million to deploy IoT technologies and to enhance IoT infrastructure in the urban environment in order to deliver multiple devices and services to offer greater convenience and peace of mind in the domestic environment. However, low replacement rate, high cost of the product certification process, and steep as well as volatile prices of raw materials is hampering the growth of the market during the forecast period of 2020-2027.

The regional analysis of global IoT in Elevators market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region due to rapid adoption from residential end users in the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing investment in smart cities and in mega cities are expected to create positive outlook for the growth of the region.

Major market player included in this report are:
Bosch GmbH
DOPPLER Manufacturing
Fujitec Co., Ltd
Gruppo Millepiani
Hitachi, Ltd
Honeywell International, Inc
Huawei Technologies Ltd
Hyundai Elevator Co., Ltd.
IBM Corporation
Otis Elevator Company

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Component:
Hardware
Software
Services
By Application:
Preventive Maintenance
Remote Monitoring
Advanced Reporting
Connectivity Management
Others
By End-User:
Residential
Commercial
Industrial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global IoT in Elevators Market in 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

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. IoT in Elevators Market, by Region, 2018-2027 (USD Billion)
1.2.2. IoT in Elevators Market, by component 2018-2027 (USD Billion)
1.2.3. IoT in Elevators Market, by Application 2018-2027 (USD Billion)
1.2.4. IoT in Elevators Market, by End-user 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global IoT in Elevators Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global IoT in Elevators Market Dynamics
3.1. IoT in Elevators Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global IoT in Elevators Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global IoT in Elevators Market, by Component
5.1. Market Snapshot
5.2. Global IoT in Elevators Market by Component, Performance – Potential Analysis
5.3. Global IoT in Elevators Market Estimates & Forecasts by Component 2017-2027 (USD Billion)
5.4. IoT in Elevators Market, Sub Segment Analysis
5.4.1. Hardware
5.4.2. Software
5.4.3. Services
Chapter 6. Global IoT in Elevators Market, by Application
6.1. Market Snapshot
6.2. Global IoT in Elevators Market by Application, Performance – Potential Analysis
6.3. Global IoT in Elevators Market Estimates & Forecasts by Application 2017 -2027 (USD Billion)
6.4. IoT in Elevators Market, Sub Segment Analysis
6.4.1. Preventive Maintenance
6.4.2. Remote Monitoring
6.4.3. Advanced Reporting
6.4.4. Connectivity Management
6.4.5. Others
Chapter 7. Global IoT in Elevators Market, by End-User
7.1. Market Snapshot
7.2. Global IoT in Elevators Market by End-User, Performance – Potential Analysis
7.3. Global IoT in Elevators Market Estimates & Forecasts by End-User 2017 -2027 (USD Billion)
7.4. IoT in Elevators Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
7.4.3. Industrial
Chapter 8. Global IoT in Elevators Market, Regional Analysis
8.1. IoT in Elevators Market, Regional Market Snapshot
8.2. North America IoT in Elevators Market
8.2.1. U.S. IoT in Elevators Market
8.2.1.1. Component breakdown estimates & forecasts, 2017-2027
8.2.1.2. Application breakdown estimates & forecasts, 2017-2027
8.2.1.3. End-User breakdown estimates & forecasts, 2017-2027
8.2.2. Canada IoT in Elevators Market
8.3. Europe IoT in Elevators Market Snapshot
8.3.1. U.K. IoT in Elevators Market
8.3.2. Germany IoT in Elevators Market
8.3.3. France IoT in Elevators Market
8.3.4. Spain IoT in Elevators Market
8.3.5. Italy IoT in Elevators Market
8.3.6. Rest of Europe IoT in Elevators Market
8.4. Asia-Pacific IoT in Elevators Market Snapshot
8.4.1. China IoT in Elevators Market
8.4.2. India IoT in Elevators Market
8.4.3. Japan IoT in Elevators Market
8.4.4. Australia IoT in Elevators Market
8.4.5. South Korea IoT in Elevators Market
8.4.6. Rest of Asia Pacific IoT in Elevators Market
8.5. Latin America IoT in Elevators Market Snapshot
8.5.1. Brazil IoT in Elevators Market
8.5.2. Mexico IoT in Elevators Market
8.6. Rest of The World IoT in Elevators Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Bosch GmbH
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. DOPPLER Manufacturing
9.2.3. Electra Ltd
9.2.4. Fujitec Co., Ltd
9.2.5. Gruppo Millepiani
9.2.6. Hitachi, Ltd
9.2.7. Honeywell International, Inc
9.2.8. Huawei Technologies Ltd
9.2.9. Hyundai Elevator Co., Ltd.
9.2.10. IBM Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

TABLE 1. Global IoT in Elevators market, report scope
TABLE 2. Global IoT in Elevators market estimates & forecasts by region 2017-2027 (USD Billion)
TABLE 3. Global IoT in Elevators market estimates & forecasts by Component 2017-2027 (USD Billion)
TABLE 4. Global IoT in Elevators market estimates & forecasts by Application 2017-2027 (USD Billion)
TABLE 5. Global IoT in Elevators market estimates & forecasts by end-user 2017-2027 (USD Billion)
TABLE 6. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 7. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 8. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 9. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 10. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 11. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 12. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 13. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 14. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 15. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 16. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 17. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 18. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 19. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 20. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 21. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 22. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 23. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 24. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 25. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 26. Global IoT in Elevators market by segment, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 27. Global IoT in Elevators market by region, estimates & forecasts, 2017-2027 (USD Billion)
TABLE 28. U.S. IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 29. U.S. IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 30. U.S. IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 31. U.S. IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 32. Canada IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 33. Canada IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 34. Canada IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 35. Canada IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 36. UK IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 37. UK IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 38. UK IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 39. UK IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 40. Germany IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 41. Germany IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 42. Germany IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 43. Germany IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 44. France IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 45. France IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 46. France IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 47. France IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 48. Spain IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 49. Spain IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 50. Spain IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 51. Spain IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 52. Italy IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 53. Italy IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 54. Italy IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 55. Italy IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 56. ROE IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 57. ROE IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 58. ROE IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 59. ROE IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 60. China IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 61. China IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 62. China IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 63. China IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 64. India IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 65. India IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 66. India IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 67. India IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 68. Japan IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 69. Japan IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 70. Japan IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 71. Japan IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 72. Australia IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 73. Australia IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 74. Australia IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 75. Australia IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 76. South Korea IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 77. South Korea IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 78. South Korea IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 79. South Korea IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 80. ROPAC IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 81. ROPAC IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 82. ROPAC IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 83. ROPAC IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 84. Brazil IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 85. Brazil IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 86. Brazil IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 87. Brazil IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 88. Mexico IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 89. Mexico IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 90. Mexico IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 91. Mexico IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 92. ROLA IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 93. ROLA IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 94. ROLA IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 95. ROLA IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 96. ROW IoT in Elevators market estimates & forecasts, 2017-2027 (USD Billion)
TABLE 97. ROW IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 98. ROW IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 99. ROW IoT in Elevators market estimates & forecasts by segment 2017-2027 (USD Billion)
TABLE 100. List of secondary sources, used in the study of global IoT in Elevators market
TABLE 101. List of primary sources, used in the study of global IoT in Elevators market
TABLE 102. Years considered for the study
TABLE 103. Exchange rates considered
FIG 1. Global IoT in Elevators market, research methodology
FIG 2. Global IoT in Elevators market, market estimation techniques
FIG 3. Global market size estimates & forecast methods
FIG 4. Global IoT in Elevators market, key trends 2019
FIG 5. Global IoT in Elevators market, growth prospects 2020-2027
FIG 6. Global IoT in Elevators market, porters 5 force model
FIG 7. Global IoT in Elevators market, pest analysis
FIG 8. Global IoT in Elevators market, value chain analysis
FIG 9. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 10. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 11. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 12. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 13. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 14. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 15. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 16. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 17. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 18. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 19. Global IoT in Elevators market by segment, 2017 & 2027 (USD Billion)
FIG 20. North America IoT in Elevators market 2017 & 2027 (USD Billion)
FIG 21. Europe IoT in Elevators market 2017 & 2027 (USD Billion)
FIG 22. Asia Pacific IoT in Elevators market 2017 & 2027 (USD Billion)
FIG 23. Latin America IoT in Elevators market 2017 & 2027 (USD Billion)
FIG 24. Global IoT in Elevators market, company market share analysis (2019)
Bosch GmbH
DOPPLER Manufacturing
Fujitec Co., Ltd
Gruppo Millepiani
Hitachi, Ltd
Honeywell International, Inc
Huawei Technologies Ltd
Hyundai Elevator Co., Ltd.
IBM Corporation
Otis Elevator Company

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