Global Elevator Group Control System Supply, Demand and Key Producers, 2024-2030
Page: 97
Published Date: 12 Feb 2024
Category: Machinery & Equipment
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Description
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags
Table of Contents
Table of Figures
Research Methodology
Companies Mentioned
Related Reports
Product Tags
Description
The global Elevator Group Control System market size is expected to reach $ million by 2030, rising at a market growth of % CAGR during the forecast period (2024-2030).
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
Elevator group control system (ECGS) refers to a group of 3 or more elevators installed in a building as an organic whole, using an automatic control system to schedule the operation of each elevator, the purpose is to improve the vertical transportation system To improve the service quality of passengers and reduce energy consumption by providing services to passengers with shorter waiting time and running time.
This report studies the global Elevator Group Control System demand, key companies, and key regions.
This report is a detailed and comprehensive analysis of the world market for Elevator Group Control System, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Elevator Group Control System that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Elevator Group Control System total market, 2019-2030, (USD Million)
Global Elevator Group Control System total market by region & country, CAGR, 2019-2030, (USD Million)
U.S. VS China: Elevator Group Control System total market, key domestic companies and share, (USD Million)
Global Elevator Group Control System revenue by player and market share 2019-2024, (USD Million)
Global Elevator Group Control System total market by Type, CAGR, 2019-2030, (USD Million)
Global Elevator Group Control System total market by Application, CAGR, 2019-2030, (USD Million).
This reports profiles major players in the global Elevator Group Control System market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include KONE, Mitsubishi Electric, Hitachi, Toshiba Elevator and Building Systems, FUJITEC, ADCO Controls, Shanghai STEP Electric and Blue Star Elevator, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Elevator Group Control System market.
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.
Global Elevator Group Control System Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Elevator Group Control System Market, Segmentation by Type
Small and Medium Type (3-6 Units)
Large and Medium Type (3-12 Units)
Others
Global Elevator Group Control System Market, Segmentation by Application
Shopping Malls
Community
Hospital
Others
Companies Profiled:
KONE
Mitsubishi Electric
Hitachi
Toshiba Elevator and Building Systems
FUJITEC
ADCO Controls
Shanghai STEP Electric
Blue Star Elevator
Key Questions Answered
1. How big is the global Elevator Group Control System market?
2. What is the demand of the global Elevator Group Control System market?
3. What is the year over year growth of the global Elevator Group Control System market?
4. What is the total value of the global Elevator Group Control System market?
5. Who are the major players in the global Elevator Group Control System market?
Table of Contents
1 Supply Summary
1.1 Elevator Group Control System Introduction
1.2 World Elevator Group Control System Market Size & Forecast (2019 & 2023 & 2030)
1.3 World Elevator Group Control System Total Market by Region (by Headquarter Location)
1.3.1 World Elevator Group Control System Market Size by Region (2019-2030), (by Headquarter Location)
1.3.2 United States Elevator Group Control System Market Size (2019-2030)
1.3.3 China Elevator Group Control System Market Size (2019-2030)
1.3.4 Europe Elevator Group Control System Market Size (2019-2030)
1.3.5 Japan Elevator Group Control System Market Size (2019-2030)
1.3.6 South Korea Elevator Group Control System Market Size (2019-2030)
1.3.7 ASEAN Elevator Group Control System Market Size (2019-2030)
1.3.8 India Elevator Group Control System Market Size (2019-2030)
1.4 Market Drivers, Restraints and Trends
1.4.1 Elevator Group Control System Market Drivers
1.4.2 Factors Affecting Demand
1.4.3 Elevator Group Control System Major Market Trends
2.1 World Elevator Group Control System Consumption Value (2019-2030)
2.2 World Elevator Group Control System Consumption Value by Region
2.2.1 World Elevator Group Control System Consumption Value by Region (2019-2024)
2.2.2 World Elevator Group Control System Consumption Value Forecast by Region (2025-2030)
2.3 United States Elevator Group Control System Consumption Value (2019-2030)
2.4 China Elevator Group Control System Consumption Value (2019-2030)
2.5 Europe Elevator Group Control System Consumption Value (2019-2030)
2.6 Japan Elevator Group Control System Consumption Value (2019-2030)
2.7 South Korea Elevator Group Control System Consumption Value (2019-2030)
2.8 ASEAN Elevator Group Control System Consumption Value (2019-2030)
2.9 India Elevator Group Control System Consumption Value (2019-2030)
3.1 World Elevator Group Control System Revenue by Player (2019-2024)
3.2 Industry Rank and Concentration Rate (CR)
3.2.1 Global Elevator Group Control System Industry Rank of Major Players
3.2.2 Global Concentration Ratios (CR4) for Elevator Group Control System in 2023
3.2.3 Global Concentration Ratios (CR8) for Elevator Group Control System in 2023
3.3 Elevator Group Control System Company Evaluation Quadrant
3.4 Elevator Group Control System Market: Overall Company Footprint Analysis
3.4.1 Elevator Group Control System Market: Region Footprint
3.4.2 Elevator Group Control System Market: Company Product Type Footprint
3.4.3 Elevator Group Control System Market: Company Product Application Footprint
3.5 Competitive Environment
3.5.1 Historical Structure of the Industry
3.5.2 Barriers of Market Entry
3.5.3 Factors of Competition
3.6 Mergers, Acquisitions Activity
4.1 United States VS China: Elevator Group Control System Revenue Comparison (by Headquarter Location)
4.1.1 United States VS China: Elevator Group Control System Market Size Comparison (2019 & 2023 & 2030) (by Headquarter Location)
4.1.2 United States VS China: Elevator Group Control System Revenue Market Share Comparison (2019 & 2023 & 2030)
4.2 United States Based Companies VS China Based Companies: Elevator Group Control System Consumption Value Comparison
4.2.1 United States VS China: Elevator Group Control System Consumption Value Comparison (2019 & 2023 & 2030)
4.2.2 United States VS China: Elevator Group Control System Consumption Value Market Share Comparison (2019 & 2023 & 2030)
4.3 United States Based Elevator Group Control System Companies and Market Share, 2019-2024
4.3.1 United States Based Elevator Group Control System Companies, Headquarters (States, Country)
4.3.2 United States Based Companies Elevator Group Control System Revenue, (2019-2024)
4.4 China Based Companies Elevator Group Control System Revenue and Market Share, 2019-2024
4.4.1 China Based Elevator Group Control System Companies, Company Headquarters (Province, Country)
4.4.2 China Based Companies Elevator Group Control System Revenue, (2019-2024)
4.5 Rest of World Based Elevator Group Control System Companies and Market Share, 2019-2024
4.5.1 Rest of World Based Elevator Group Control System Companies, Headquarters (States, Country)
4.5.2 Rest of World Based Companies Elevator Group Control System Revenue, (2019-2024)
5.1 World Elevator Group Control System Market Size Overview by Type: 2019 VS 2023 VS 2030
5.2 Segment Introduction by Type
5.2.1 Small and Medium Type (3-6 Units)
5.2.2 Large and Medium Type (3-12 Units)
5.2.3 Others
5.3 Market Segment by Type
5.3.1 World Elevator Group Control System Market Size by Type (2019-2024)
5.3.2 World Elevator Group Control System Market Size by Type (2025-2030)
5.3.3 World Elevator Group Control System Market Size Market Share by Type (2019-2030)
6.1 World Elevator Group Control System Market Size Overview by Application: 2019 VS 2023 VS 2030
6.2 Segment Introduction by Application
6.2.1 Shopping Malls
6.2.2 Community
6.2.3 Hospital
6.2.4 Others
6.2.5 Others
6.3 Market Segment by Application
6.3.1 World Elevator Group Control System Market Size by Application (2019-2024)
6.3.2 World Elevator Group Control System Market Size by Application (2025-2030)
6.3.3 World Elevator Group Control System Market Size by Application (2019-2030)
7.1 KONE
7.1.1 KONE Details
7.1.2 KONE Major Business
7.1.3 KONE Elevator Group Control System Product and Services
7.1.4 KONE Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.1.5 KONE Recent Developments/Updates
7.1.6 KONE Competitive Strengths & Weaknesses
7.2 Mitsubishi Electric
7.2.1 Mitsubishi Electric Details
7.2.2 Mitsubishi Electric Major Business
7.2.3 Mitsubishi Electric Elevator Group Control System Product and Services
7.2.4 Mitsubishi Electric Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.2.5 Mitsubishi Electric Recent Developments/Updates
7.2.6 Mitsubishi Electric Competitive Strengths & Weaknesses
7.3 Hitachi
7.3.1 Hitachi Details
7.3.2 Hitachi Major Business
7.3.3 Hitachi Elevator Group Control System Product and Services
7.3.4 Hitachi Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.3.5 Hitachi Recent Developments/Updates
7.3.6 Hitachi Competitive Strengths & Weaknesses
7.4 Toshiba Elevator and Building Systems
7.4.1 Toshiba Elevator and Building Systems Details
7.4.2 Toshiba Elevator and Building Systems Major Business
7.4.3 Toshiba Elevator and Building Systems Elevator Group Control System Product and Services
7.4.4 Toshiba Elevator and Building Systems Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.4.5 Toshiba Elevator and Building Systems Recent Developments/Updates
7.4.6 Toshiba Elevator and Building Systems Competitive Strengths & Weaknesses
7.5 FUJITEC
7.5.1 FUJITEC Details
7.5.2 FUJITEC Major Business
7.5.3 FUJITEC Elevator Group Control System Product and Services
7.5.4 FUJITEC Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.5.5 FUJITEC Recent Developments/Updates
7.5.6 FUJITEC Competitive Strengths & Weaknesses
7.6 ADCO Controls
7.6.1 ADCO Controls Details
7.6.2 ADCO Controls Major Business
7.6.3 ADCO Controls Elevator Group Control System Product and Services
7.6.4 ADCO Controls Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.6.5 ADCO Controls Recent Developments/Updates
7.6.6 ADCO Controls Competitive Strengths & Weaknesses
7.7 Shanghai STEP Electric
7.7.1 Shanghai STEP Electric Details
7.7.2 Shanghai STEP Electric Major Business
7.7.3 Shanghai STEP Electric Elevator Group Control System Product and Services
7.7.4 Shanghai STEP Electric Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.7.5 Shanghai STEP Electric Recent Developments/Updates
7.7.6 Shanghai STEP Electric Competitive Strengths & Weaknesses
7.8 Blue Star Elevator
7.8.1 Blue Star Elevator Details
7.8.2 Blue Star Elevator Major Business
7.8.3 Blue Star Elevator Elevator Group Control System Product and Services
7.8.4 Blue Star Elevator Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024)
7.8.5 Blue Star Elevator Recent Developments/Updates
7.8.6 Blue Star Elevator Competitive Strengths & Weaknesses
8.1 Elevator Group Control System Industry Chain
8.2 Elevator Group Control System Upstream Analysis
8.3 Elevator Group Control System Midstream Analysis
8.4 Elevator Group Control System Downstream Analysis
10.1 Methodology
10.2 Research Process and Data Source
10.3 Disclaimer
Table of Figures
List of Tables
Table 1. World Elevator Group Control System Revenue by Region (2019, 2023 and 2030) & (USD Million), (by Headquarter Location)
Table 2. World Elevator Group Control System Revenue by Region (2019-2024) & (USD Million), (by Headquarter Location)
Table 3. World Elevator Group Control System Revenue by Region (2025-2030) & (USD Million), (by Headquarter Location)
Table 4. World Elevator Group Control System Revenue Market Share by Region (2019-2024), (by Headquarter Location)
Table 5. World Elevator Group Control System Revenue Market Share by Region (2025-2030), (by Headquarter Location)
Table 6. Major Market Trends
Table 7. World Elevator Group Control System Consumption Value Growth Rate Forecast by Region (2019 & 2023 & 2030) & (USD Million)
Table 8. World Elevator Group Control System Consumption Value by Region (2019-2024) & (USD Million)
Table 9. World Elevator Group Control System Consumption Value Forecast by Region (2025-2030) & (USD Million)
Table 10. World Elevator Group Control System Revenue by Player (2019-2024) & (USD Million)
Table 11. Revenue Market Share of Key Elevator Group Control System Players in 2023
Table 12. World Elevator Group Control System Industry Rank of Major Player, Based on Revenue in 2023
Table 13. Global Elevator Group Control System Company Evaluation Quadrant
Table 14. Head Office of Key Elevator Group Control System Player
Table 15. Elevator Group Control System Market: Company Product Type Footprint
Table 16. Elevator Group Control System Market: Company Product Application Footprint
Table 17. Elevator Group Control System Mergers & Acquisitions Activity
Table 18. United States VS China Elevator Group Control System Market Size Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 19. United States VS China Elevator Group Control System Consumption Value Comparison, (2019 & 2023 & 2030) & (USD Million)
Table 20. United States Based Elevator Group Control System Companies, Headquarters (States, Country)
Table 21. United States Based Companies Elevator Group Control System Revenue, (2019-2024) & (USD Million)
Table 22. United States Based Companies Elevator Group Control System Revenue Market Share (2019-2024)
Table 23. China Based Elevator Group Control System Companies, Headquarters (Province, Country)
Table 24. China Based Companies Elevator Group Control System Revenue, (2019-2024) & (USD Million)
Table 25. China Based Companies Elevator Group Control System Revenue Market Share (2019-2024)
Table 26. Rest of World Based Elevator Group Control System Companies, Headquarters (States, Country)
Table 27. Rest of World Based Companies Elevator Group Control System Revenue, (2019-2024) & (USD Million)
Table 28. Rest of World Based Companies Elevator Group Control System Revenue Market Share (2019-2024)
Table 29. World Elevator Group Control System Market Size by Type, (USD Million), 2019 & 2023 & 2030
Table 30. World Elevator Group Control System Market Size by Type (2019-2024) & (USD Million)
Table 31. World Elevator Group Control System Market Size by Type (2025-2030) & (USD Million)
Table 32. World Elevator Group Control System Market Size by Application, (USD Million), 2019 & 2023 & 2030
Table 33. World Elevator Group Control System Market Size by Application (2019-2024) & (USD Million)
Table 34. World Elevator Group Control System Market Size by Application (2025-2030) & (USD Million)
Table 35. KONE Basic Information, Area Served and Competitors
Table 36. KONE Major Business
Table 37. KONE Elevator Group Control System Product and Services
Table 38. KONE Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 39. KONE Recent Developments/Updates
Table 40. KONE Competitive Strengths & Weaknesses
Table 41. Mitsubishi Electric Basic Information, Area Served and Competitors
Table 42. Mitsubishi Electric Major Business
Table 43. Mitsubishi Electric Elevator Group Control System Product and Services
Table 44. Mitsubishi Electric Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 45. Mitsubishi Electric Recent Developments/Updates
Table 46. Mitsubishi Electric Competitive Strengths & Weaknesses
Table 47. Hitachi Basic Information, Area Served and Competitors
Table 48. Hitachi Major Business
Table 49. Hitachi Elevator Group Control System Product and Services
Table 50. Hitachi Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 51. Hitachi Recent Developments/Updates
Table 52. Hitachi Competitive Strengths & Weaknesses
Table 53. Toshiba Elevator and Building Systems Basic Information, Area Served and Competitors
Table 54. Toshiba Elevator and Building Systems Major Business
Table 55. Toshiba Elevator and Building Systems Elevator Group Control System Product and Services
Table 56. Toshiba Elevator and Building Systems Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 57. Toshiba Elevator and Building Systems Recent Developments/Updates
Table 58. Toshiba Elevator and Building Systems Competitive Strengths & Weaknesses
Table 59. FUJITEC Basic Information, Area Served and Competitors
Table 60. FUJITEC Major Business
Table 61. FUJITEC Elevator Group Control System Product and Services
Table 62. FUJITEC Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 63. FUJITEC Recent Developments/Updates
Table 64. FUJITEC Competitive Strengths & Weaknesses
Table 65. ADCO Controls Basic Information, Area Served and Competitors
Table 66. ADCO Controls Major Business
Table 67. ADCO Controls Elevator Group Control System Product and Services
Table 68. ADCO Controls Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 69. ADCO Controls Recent Developments/Updates
Table 70. ADCO Controls Competitive Strengths & Weaknesses
Table 71. Shanghai STEP Electric Basic Information, Area Served and Competitors
Table 72. Shanghai STEP Electric Major Business
Table 73. Shanghai STEP Electric Elevator Group Control System Product and Services
Table 74. Shanghai STEP Electric Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 75. Shanghai STEP Electric Recent Developments/Updates
Table 76. Blue Star Elevator Basic Information, Area Served and Competitors
Table 77. Blue Star Elevator Major Business
Table 78. Blue Star Elevator Elevator Group Control System Product and Services
Table 79. Blue Star Elevator Elevator Group Control System Revenue, Gross Margin and Market Share (2019-2024) & (USD Million)
Table 80. Global Key Players of Elevator Group Control System Upstream (Raw Materials)
Table 81. Elevator Group Control System Typical Customers
List of Figure
Figure 1. Elevator Group Control System Picture
Figure 2. World Elevator Group Control System Total Market Size: 2019 & 2023 & 2030, (USD Million)
Figure 3. World Elevator Group Control System Total Market Size (2019-2030) & (USD Million)
Figure 4. World Elevator Group Control System Revenue Market Share by Region (2019, 2023 and 2030) & (USD Million) , (by Headquarter Location)
Figure 5. World Elevator Group Control System Revenue Market Share by Region (2019-2030), (by Headquarter Location)
Figure 6. United States Based Company Elevator Group Control System Revenue (2019-2030) & (USD Million)
Figure 7. China Based Company Elevator Group Control System Revenue (2019-2030) & (USD Million)
Figure 8. Europe Based Company Elevator Group Control System Revenue (2019-2030) & (USD Million)
Figure 9. Japan Based Company Elevator Group Control System Revenue (2019-2030) & (USD Million)
Figure 10. South Korea Based Company Elevator Group Control System Revenue (2019-2030) & (USD Million)
Figure 11. ASEAN Based Company Elevator Group Control System Revenue (2019-2030) & (USD Million)
Figure 12. India Based Company Elevator Group Control System Revenue (2019-2030) & (USD Million)
Figure 13. Elevator Group Control System Market Drivers
Figure 14. Factors Affecting Demand
Figure 15. World Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 16. World Elevator Group Control System Consumption Value Market Share by Region (2019-2030)
Figure 17. United States Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 18. China Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 19. Europe Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 20. Japan Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 21. South Korea Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 22. ASEAN Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 23. India Elevator Group Control System Consumption Value (2019-2030) & (USD Million)
Figure 24. Producer Shipments of Elevator Group Control System by Player Revenue ($MM) and Market Share (%): 2023
Figure 25. Global Four-firm Concentration Ratios (CR4) for Elevator Group Control System Markets in 2023
Figure 26. Global Four-firm Concentration Ratios (CR8) for Elevator Group Control System Markets in 2023
Figure 27. United States VS China: Elevator Group Control System Revenue Market Share Comparison (2019 & 2023 & 2030)
Figure 28. United States VS China: Elevator Group Control System Consumption Value Market Share Comparison (2019 & 2023 & 2030)
Figure 29. World Elevator Group Control System Market Size by Type, (USD Million), 2019 & 2023 & 2030
Figure 30. World Elevator Group Control System Market Size Market Share by Type in 2023
Figure 31. Small and Medium Type (3-6 Units)
Figure 32. Large and Medium Type (3-12 Units)
Figure 33. Others
Figure 34. World Elevator Group Control System Market Size Market Share by Type (2019-2030)
Figure 35. World Elevator Group Control System Market Size by Application, (USD Million), 2019 & 2023 & 2030
Figure 36. World Elevator Group Control System Market Size Market Share by Application in 2023
Figure 37. Shopping Malls
Figure 38. Community
Figure 39. Hospital
Figure 40. Others
Figure 41. Elevator Group Control System Industrial Chain
Figure 42. Methodology
Figure 43. Research Process and Data Source
Research Methodology
Client Requirements
Review and analyze client requirements
Discussion of all the project requirements and queries
Flexibility Check
Project Feasibility Analysis
Finalizing tentative research programme
Structuring project proposal with scope, timeline, and costs
Analyzing Market Dynamics
Determination of key drivers, restraints, challenge, and opportunity
Identifies market needs and trends
Market Size Estimation & Forecast
Estimation of historical data based on secondary and primary data
Anticipating market recast by assigning weightage to market forces (drivers, restraints, opportunities)
Freezing historical and forecast market size estimations based on evolution, trends, outlook, and strategies
Consideration of geography, region-specific product/service demand for region segments
Consideration of product utilization rates, product demand outlook for segments by application or end-user.
Data Source
Secondary Source
Data collections from annual reports, presentations,associations, journals, analyst reports,
paid database, press releases, blogs, newsletters,and GIR repositories.
Primary Source
Research discussion with manufacturers, distributors, suppliers, end user, industry experts
to verify insights.
Validation
and
triangulation of
secondary and primary source.
Collection of data
Cumulating and collating the essential qualitative and quantitative data
Generation of report in client requested format by research analysts
Reviews by expert analysts
Final quality check
Clarifying queries
Receiving feedback
Ensuring satisfaction
01 Identification of data
This step involves identification of several primary and secondary data research sources, including Global Info Research's internal data sources. The primary sources consist of in-depth discussions and interviews with policy makers, industry experts, and data evaluators, whereas secondary sources include a thorough study of market journals, press releases, annual reports, and government and non-government agencies websites.
-
02 Evaluation of Market Dynamic
This phase includes a detailed evaluation of several factors that are likely to affect the market dynamics. It involves a comprehensive assessment of major market pain points, drivers, and trends. It also comprises a detailed study of research plans and methodology.
-
03 Collection of Data
This process consists of gathering data, accessing proprietary databases, and reaching out to key industry participants that operate in the market across the value chain. It also involves studying several patterns in the historical data and comparing it with the current scenario.
-
04 Collaboration of Data
This stage involves the validation of data and arrival at actual statistics, and evolution of the market over the years. It entails the study and analyzes various segments and verticals of the market. An impact analysis is also performed to observe which factors will affect the market in the next few years.
05 Verification and Analysis
This is the final stage, which involves both quantity and quality checks. Although the process of data verification is an integral part of the research process, all data points and statistics and figures are re-checked to uphold their authenticity and validity.
Companies Mentioned
KONE Mitsubishi Electric Hitachi Toshiba Elevator and Building Systems FUJITEC ADCO Controls Shanghai STEP Electric Blue Star Elevator
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