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The elevator control market is forecasted to grow by USD 6.6 billion during 2023-2028, accelerating at a CAGR of 6.8% during the forecast period. The report on the elevator control market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in construction of high-rise buildings with smart vertical transportation systems, increasing demand for commercial spaces, and rising demand for energy-efficient elevators.
The elevator control market is segmented as below:
By Application
- Commercial
- Residential
By Geographical Landscape
- APAC
- Europe
- Middle East and Africa
- North America
- South America
The report on the elevator control market covers the following areas:
- Elevator Control Market sizing
- Elevator Control Market forecast
- Elevator Control Market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global elevator control market: ABB Ltd., Doorking Inc., Elevator Systems Inc., Fujitec Co. Ltd., GAL Manufacturing Company LLC, Green Field Control System India Pvt. Ltd., Hitachi Ltd., Honeywell International Inc., Hyundai Elevator Co. Ltd., KONE Corp., Mitsubishi Electric Corp., Motion Control Engineering Inc., Nidec Corp., Otis Worldwide Corp., Schindler Holding Ltd., SICK AG, Thames Valley Controls Ltd., TK Elevator GmbH, Toshiba Corp., and VRS Elevators Pvt. Ltd..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is increasing investment in building infrastructure."
According to the report, one of the major drivers for this market is the rise in construction of high-rise buildings with smart vertical transportation systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Doorking Inc.
- Elevator Systems Inc.
- Fujitec Co. Ltd.
- GAL Manufacturing Company LLC
- Green Field Control System India Pvt. Ltd.
- Hitachi Ltd.
- Honeywell International Inc.
- Hyundai Elevator Co. Ltd.
- KONE Corp.
- Mitsubishi Electric Corp.
- Motion Control Engineering Inc.
- Nidec Corp.
- Otis Worldwide Corp.
- Schindler Holding Ltd.
- SICK AG
- Thames Valley Controls Ltd.
- TK Elevator GmbH
- Toshiba Corp.
- VRS Elevators Pvt. Ltd.
