IoT in Elevators Global Market Report 2024

Global IoT in Elevators Market Report 2024

IoT in Elevators Global Market Report 2024 – By Component( Hardware, Software, Services), By Application( Preventive Maintenance, Remote Monitoring, Advanced Reporting, Connectivity Management, Other Applications), By End User( Residential, Commercial, Industrial) – Market Size, Trends, And Global Forecast 2024-2033

Name: IoT in Elevators Global Market Report 2024
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IoT in Elevators Global Market Report 2024

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IoT in Elevators Global Market Report 2024

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IoT in Elevators Market Definition

IoT in elevators refers to the use of internet of things (IoT) for the purpose of monitoring operational conditions by gathering a large amount of data in elevators for streamlining operations.

The main components of IoT in elevators include hardware, software and services. Hardware is used to connect the elevators with a controller through a Wi-Fi or LAN interface. The different applications of IoT in elevators include preventive maintenance, remote monitoring, advanced reporting, connectivity management and others, that are used in residential, commercial and industrial settings.

IoT in Elevators Market Segmentation

The iot in elevators market covered in this report is segmented –

1) By Component: Hardware, Software, Services

2) By Application: Preventive Maintenance, Remote Monitoring, Advanced Reporting, Connectivity Management, Other Applications

3) By End User: Residential, Commercial, Industrial

Global IoT in Elevators Market Size 2023 to 2028: Graph

IoT in Elevators Market Size 2024 And Growth Rate

The iot in elevators market size has grown rapidly in recent years. It will grow from $23.8 billion in 2023 to $28.14 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to work trends and building access, smart city integration, data-driven decision-making, enhanced user experience, energy efficiency requirements.

IoT in Elevators Market Growth Forecast

The iot in elevators market size is expected to see rapid growth in the next few years. It will grow to $52 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to rise in smart building initiatives, remote monitoring and predictive maintenance demand, flexible working trends, urbanization, data-driven decision-making capabilities. Major trends in the forecast period include strategic partnerships, remote monitoring and maintenance, enhanced safety and security features, energy efficiency and sustainability, predictive analytics and maintenance.

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IoT in Elevators Market Driver: Government-Led Smart City Initiatives Fueling Iot Integration In Elevator Systems

Increasing government initiatives for the creation of smart cities are expected to propel the growth of the IoT in the elevator market going forward. A smart city refers to a city or town that makes use of information and communication technology (ICT) to enhance operational effectiveness, disseminate information to the public, and enhance the welfare of its residents. IoT-enabled elevators are used in smart cities to deliver a continuous stream of real-time data that allows service technicians to remotely check the equipment's health and identify issues before they become serious. This data is used by smart cities to enhance their infrastructure, public utilities, and services, among other things. For instance, according to a report shared by The Indian Brand Equity Foundation (IBEF), an India-based trust established by the Department of Commerce, Ministry of Commerce and Industry, India's Smart Cities Mission got INR. 6, 450 crores ($868 million) in the Union Budget 2021–22, up from INR. 3, 400 crores ($457 million) in FY21 (revised estimates). As of March 2021, the total budgeted investments for the Smart City Mission were INR 205, 018 crores (US$ 27.60 billion). Therefore, increasing government initiatives for the creation of smart cities are driving the growth of the IoT in the elevator market.

IoT in Elevators Market Driver: Safety Regulatory Compliance To Drive Market Growth

The stringent regulations associated with building safety is expected to propel the growth of IoT in elevators market going forward. Stringent regulations are rules or guidelines that are very strict and enforce high standards. They are often implemented to protect public health, safety, or the environment. These regulations mandate compliance to ensure the safety of occupants and prevent accidents. IoT integration in elevators aligns with these regulations by providing real-time monitoring, predictive maintenance, and data-driven insights. This enhances overall elevator safety, addresses emergency response requirements, and enables compliance reporting. For instance, in October 2023, according to European Commission, a governing body of the European union, the European Union (EU) is implementing a new law that will make Building Automation Control Systems (BACS) mandatory for all new tertiary buildings by 2025. This means that all new commercial, institutional, and residential buildings with a floor area of more than 1,000 square meters will be required to have a BACS installed. Therefore, the stringent regulations associated with building safety is driving the growth of IoT in elevators market.

Global IoT in Elevators Market Major Players

Major companies operating in the iot in elevators market report are Hyundai Elevator Co. Ltd., KONE Corporation, Otis Worldwide Corporation, Schindler Holding Ltd., Mitsubishi Electric Corporation, Toshiba Elevator and Building Systems Corporation, Hitachi Ltd., Huawei Technologies Co. Ltd., Fujitec Co. Ltd., Electra Ltd., Liftinzicht BV, Gruppo Millepiani SPA, Cygnet Infotech Pvt. Ltd., Doppler S.A., Robustel, Robert Bosch GmbH, Honeywell International Inc., Selcom Elevator, ThyssenKrupp AG, Carrier Global Corporation, Cisco Systems Inc., Delta Controls Inc., ALE International SAS, General Electric Company, United Technologies Corporation, International Business Machines Corporation, Johnson Controls International plc, LG Electronics Inc., NEC Corporation, Panasonic Corporation, Siemens AG, Schneider Electric SE

Global IoT in Elevators Market Trend: Technological Advancements Transforming The IOT In Elevators Market

Technological advancements have emerged as a key trend gaining popularity in the IoT in elevators market. Major companies operating in the IoT in elevators market are focused on innovating new technologies to sustain their position in the market. For instance, in September 2022, Johnson Lifts, an India-based manufacturer of lifts and escalators, launched an IoT-based technological feature in its lifts named WATCH. This WATCH, which stands for Wireless Assessment to Troubleshoot Channelize & Host, carries out a number of tasks by connecting the elevators to the data center via the elevator's IoT device. Customers may get immediate support when they need it since it senses, monitors, and informs technicians in real-time. The IoT WATCH function continuously improves lift performance while anticipating potential defects and monitoring lift behaviour and condition.

Global IoT in Elevators Market Trend: Product Innovations Reshaping The IOT In Elevators Market

Major companies operating in the IoT in elevators market are developing innovative technologies such as, digital elevator platforms, to sustain their position in the market. Digital elevator platforms are a modern elevator control and management system that utilizes digital technology to improve elevator efficiency, security, and convenience. For instance, in June 2021, Otis Worldwide Corp., a US-based elevator systems company launched its latest generation of digitally native elevators, the Otis Gen3 and Gen360 digital elevator platforms. The Gen3 elevator combines the proven design of the Gen2 elevator with Otis ONE IoT digital platform connectivity, offering real-time performance information and predictive insights. The Gen360 elevator features an all-new electronic architecture, setting new standards for design, safety, service, experience, and support. Both platforms leverage IoT technology to provide proactive communication, remote service capabilities, and seamless integration with smart building systems. The Otis ONE platform collects and analyzes data from smart sensors, delivering enhanced value for facility managers and passengers.

IoT in Elevators Market Merger And Acquisition: Union Of 3 Phase Elevator Corporation And Elevator Industries Inc. Enhances Elevator Services In Northern California

In November 2022, 3 Phase Elevator Corporation, a US-based elevator services company merged with Elevator Industries Inc., a US-based elevator company. The merger is a strategic move to strengthen their collective presence in the elevator and escalator services sector, with a specific focus on Northern California. 3Phase Elevator brings its industry expertise and resources to complement Elevator Industries' leadership in the Sacramento area. The final merged company aims to maintain Elevator Industries' local identity while benefiting from the support of the larger 3Phase family.

Regional Outlook For The Global IoT in Elevators Market

North America was the largest region in the IoT in elevators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the iot in elevators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the iot in elevators market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The IoT in elevators market includes revenues earned by entities by generating data, identifying problems, and making decisions on operational patterns. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The IoT in elevators market research report is one of a series of new reports from The Business Research Company that provides IoT in elevators market statistics, including IoT in elevators industry global market size, regional shares, competitors with an IoT in elevators market share, detailed IoT in elevators market segments, market trends and opportunities, and any further data you may need to thrive in the IoT in elevators industry. This IoT-in-elevator market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

IoT in Elevators Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$28.14 billion
Revenue Forecast In 2033	$52 billion
Growth Rate	CAGR of 16.6% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Component: Hardware, Software, Services 2) By Application: Preventive Maintenance, Remote Monitoring, Advanced Reporting, Connectivity Management, Other Applications 3) By End User: Residential, Commercial, Industrial
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Hyundai Elevator Co. Ltd.; KONE Corporation; Otis Worldwide Corporation; Schindler Holding Ltd.; Mitsubishi Electric Corporation; Toshiba Elevator and Building Systems Corporation; Hitachi Ltd.; Huawei Technologies Co. Ltd.; Fujitec Co. Ltd.; Electra Ltd.; Liftinzicht BV; Gruppo Millepiani SPA; Cygnet Infotech Pvt. Ltd.; Doppler S.A.; Robustel; Robert Bosch GmbH; Honeywell International Inc.; Selcom Elevator; ThyssenKrupp AG; Carrier Global Corporation; Cisco Systems Inc.; Delta Controls Inc.; ALE International SAS; General Electric Company; United Technologies Corporation; International Business Machines Corporation; Johnson Controls International PLC; LG Electronics Inc.; NEC Corporation; Panasonic Corporation; Siemens AG; Schneider Electric SE
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. IoT in Elevators Market Characteristics

3. IoT in Elevators Market Trends And Strategies

4. IoT in Elevators Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market

4.2. Ukraine-Russia War Impact On the Market

4.3. COVID-19 Impact On the Market

5. Global IoT in Elevators Market Size and Growth

5.1. Global IoT in Elevators Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global IoT in Elevators Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global IoT in Elevators Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. IoT in Elevators Market Segmentation

6.1. Global IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Hardware

Software

Services

6.2. Global IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Preventive Maintenance

Remote Monitoring

Advanced Reporting

Connectivity Management

Other Applications

6.3. Global IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Residential

Commercial

Industrial

7. IoT in Elevators Market Regional And Country Analysis

7.1. Global IoT in Elevators Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global IoT in Elevators Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific IoT in Elevators Market

8.1. Asia-Pacific IoT in Elevators Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China IoT in Elevators Market

9.1. China IoT in Elevators Market Overview

9.2. China IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India IoT in Elevators Market

10.1. India IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan IoT in Elevators Market

11.1. Japan IoT in Elevators Market Overview

11.2. Japan IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia IoT in Elevators Market

12.1. Australia IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia IoT in Elevators Market

13.1. Indonesia IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea IoT in Elevators Market

14.1. South Korea IoT in Elevators Market Overview

14.2. South Korea IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe IoT in Elevators Market

15.1. Western Europe IoT in Elevators Market Overview

15.2. Western Europe IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK IoT in Elevators Market

16.1. UK IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany IoT in Elevators Market

17.1. Germany IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France IoT in Elevators Market

18.5. France IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.6. France IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.7. France IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy IoT in Elevators Market

19.9. Italy IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.10. Italy IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.11. Italy IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain IoT in Elevators Market

20.13. Spain IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.14. Spain IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.15. Spain IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe IoT in Elevators Market

21.1. Eastern Europe IoT in Elevators Market Overview

21.2. Eastern Europe IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia IoT in Elevators Market

22.1. Russia IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America IoT in Elevators Market

23.1. North America IoT in Elevators Market Overview

23.2. North America IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA IoT in Elevators Market

24.1. USA IoT in Elevators Market Overview

24.2. USA IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada IoT in Elevators Market

25.1. Canada IoT in Elevators Market Overview

25.2. Canada IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America IoT in Elevators Market

26.1. South America IoT in Elevators Market Overview

26.2. South America IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil IoT in Elevators Market

27.1. Brazil IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East IoT in Elevators Market

28.1. Middle East IoT in Elevators Market Overview

28.2. Middle East IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa IoT in Elevators Market

29.1. Africa IoT in Elevators Market Overview

29.2. Africa IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. IoT in Elevators Market Competitive Landscape And Company Profiles

30.1. IoT in Elevators Market Competitive Landscape

30.2. IoT in Elevators Market Company Profiles

30.2.1. Hyundai Elevator Co. Ltd.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. KONE Corporation

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Otis Worldwide Corporation

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. Schindler Holding Ltd.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Mitsubishi Electric Corporation

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Global IoT in Elevators Market Competitive Benchmarking

32. Global IoT in Elevators Market Competitive Dashboard

33. Key Mergers And Acquisitions In The IoT in Elevators Market

34. IoT in Elevators Market Future Outlook and Potential Analysis

34.1 IoT in Elevators Market In 2028 - Countries Offering Most New Opportunities

34.2 IoT in Elevators Market In 2028 - Segments Offering Most New Opportunities

34.3 IoT in Elevators Market In 2028 - Growth Strategies

34.3.1 Market Trend Based Strategies

34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations

35.2. Currencies

35.3. Historic And Forecast Inflation Rates

35.4. Research Inquiries

35.5. The Business Research Company

35.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global IoT in Elevators Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global IoT in Elevators Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Hyundai Elevator Co. Ltd. Financial Performance

Table 75: KONE Corporation Financial Performance

Table 76: Otis Worldwide Corporation Financial Performance

Table 77: Schindler Holding Ltd. Financial Performance

Table 78: Mitsubishi Electric Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global IoT in Elevators Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global IoT in Elevators Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, IoT in Elevators Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, IoT in Elevators Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, IoT in Elevators Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Hyundai Elevator Co. Ltd. Financial Performance

Figure 75: KONE Corporation Financial Performance

Figure 76: Otis Worldwide Corporation Financial Performance

Figure 77: Schindler Holding Ltd. Financial Performance

Figure 78: Mitsubishi Electric Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the IoT in elevators market?

IoT in elevators refers to the use of internet of things (IoT) for the purpose of monitoring operational conditions by gathering a large amount of data in elevators for streamlining operations. For further insights on the IoT in elevators market, request a sample here

How will the IoT in elevators market drivers and restraints affect the IoT in elevators market dynamics? What forces will shape the IoT in elevators industry going forward?

The IoT in elevators market major growth driver - government-led smart city initiatives fueling iot integration in elevator systems. For further insights on the IoT in elevators market, request a sample here

What is the forecast market size or the forecast market value of the IoT in elevators market ?

The IoT in elevators market size has grown rapidly in recent years. It will grow from $23.8 billion in 2023 to $28.14 billion in 2024 at a compound annual growth rate (CAGR) of 18.3%. The growth in the historic period can be attributed to work trends and building access, smart city integration, data-driven decision-making, enhanced user experience, energy efficiency requirements. The IoT in elevators market size is expected to see rapid growth in the next few years. It will grow to $52 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%. The growth in the forecast period can be attributed to rise in smart building initiatives, remote monitoring and predictive maintenance demand, flexible working trends, urbanization, data-driven decision-making capabilities. Major trends in the forecast period include strategic partnerships, remote monitoring and maintenance, enhanced safety and security features, energy efficiency and sustainability, predictive analytics and maintenance. For further insights on the IoT in elevators market, request a sample here

How is the IoT in elevators market segmented?

The IoT in elevators market is segmentedThe IoT in elevators market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Application: Preventive Maintenance, Remote Monitoring, Advanced Reporting, Connectivity Management, Other Applications
3) By End User: Residential, Commercial, IndustrialFor further insights on the IoT in elevators market, request a sample here

Which region has the largest share of the IoT in elevators market? What are the other regions covered in the report?

North America was the largest region in the IoT in elevators market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the IoT in elevators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the IoT in elevators market, request a sample here.

Who are the major players in the IoT in elevators market?

Major companies operating in the IoT in elevators market report are Hyundai Elevator Co. Ltd., KONE Corporation, Otis Worldwide Corporation, Schindler Holding Ltd., Mitsubishi Electric Corporation, Toshiba Elevator and Building Systems Corporation, Hitachi Ltd., Huawei Technologies Co. Ltd., Fujitec Co. Ltd., Electra Ltd., Liftinzicht BV, Gruppo Millepiani SPA, Cygnet Infotech Pvt. Ltd., Doppler S.A., Robustel, Robert Bosch GmbH, Honeywell International Inc., Selcom Elevator, ThyssenKrupp AG, Carrier Global Corporation, Cisco Systems Inc., Delta Controls Inc., ALE International SAS, General Electric Company, United Technologies Corporation, International Business Machines Corporation, Johnson Controls International plc, LG Electronics Inc., NEC Corporation, Panasonic Corporation, Siemens AG, Schneider Electric SE For further insights on the IoT in elevators market, request a sample here.

What are the key trends in the IoT in elevators market?

Major trend in the IoT in elevators market - technological advancements transforming the IoT in elevators market. For further insights on the IoT in elevators market, request a sample here.

What are the major opportunities in the IoT in elevators market? What are the strategies for the IoT in elevators market?

For detailed insights on the major opportunities and strategies in the IoT in elevators market, request a sample here.

How does the IoT in elevators market relate to the overall economy and other similar markets?

For detailed insights on IoT in elevators market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the IoT in elevators industry?

For detailed insights on the mergers and acquisitions in the IoT in elevators industry, request a sample here.

What are the key dynamics influencing the IoT in elevators market growth? SWOT analysis of the IoT in elevators market.

For detailed insights on the key dynamics influencing the IoT in elevators market growth and SWOT analysis of the IoT in elevators industry, request a sample here.