Global Smart Elevators And Escalators From 5083.8 Million USD In 2017 To Reach 7719.2 Million USD By 2025
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Smart elevators operate by the user pushing a button setting their destination, and then an indicator directing them to the elevator that will take them there in the shortest amount of time. This is faster and more efficient, reducing costs and potentially, the number, size or speed of elevators required. They can be programmed to adopt different operating modes at different times of the day, and can recognise user by keycards that may include destination and permissions information.
The Smart Elevators and Escalators are expected to grow at a CAGR of 5.53% from 5083.8 million USD in 2017 to reach 7719.2 million USD by 2025 in global market. The Smart Elevators and Escalators market is very concerted market; the revenue of top nine manufacturers accounts about 93% of the total revenue in 2017. The high-end products mainly come from USA and Europe.
The leading manufactures mainly are Otis, Kone, ThyssenKrupp, Schindler, and Mitsubishi Electric. Otis is the largest manufacturer; its revenue of global market exceeds 33% in 2017. The next is Kone and ThyssenKrupp.
Geographically, the global Smart Elevators and Escalators market has been segmented into North America, Europe, China, Japan, India, Southeast Asia and Row. The China held the largest share in the global market, its revenue of global market exceeds 41% in 2017. The next is Europe.