IoT in Elevators Market Size, Share, Trends, Growth 2032

IoT in Elevators Market

IoT in Elevators Market By Application (Remote Monitoring, Preventive Maintenance, Connectivity Management, and Advanced Reporting), By Component (Software, Hardware, and Services), By End user (Commercial, Residential, and Industrial) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2024 - 2032-

Category: Technology & Media Report Format : PDF Pages: 110 Report Code: ZMR-3943 Published Date: Oct-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 23.83 Billion USD 88.95 Billion 15.76% 2023

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Process
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. IoT in Elevators Market, 2016–2026(USD Billion)
    • 2.2. IoT in Elevators Market: Snapshot
  • Chapter 3. Global IoT in Elevators Market– Industry Analysis
    • 3.1. IoT in Elevators Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Surge in urbanization and rising need for amenities in the residential & commercial sectors in emerging economies will drive the growth of the market over the forecasting years.
      • 3.2.2. IoT technulogy assist in reducing total downtime in elevators and this will create lucrative growth avenues for the market over the forthcoming years.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Application
      • 3.4.2. Market attractiveness analysis By Component
      • 3.4.3. Market attractiveness analysis By End-User
  • Chapter 4. Global IoT in Elevators Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global IoT in Elevators Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Application launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global IoT in Elevators Market–Application Analysis
    • 5.1. Global IoT in Elevators Market overview: By Application
      • 5.1.1. Global IoT in Elevators Market share, By Application,2019 and 2026
    • 5.2. Remote Monitoring
      • 5.2.1. Global IoT in Elevators Market by Remote Monitoring, 2016–2026(USD Billion)
    • 5.3. Preventive Maintenance
      • 5.3.1. Global IoT in Elevators Market by Preventive Maintenance, 2016–2026(USD Billion)
    • 5.4. Connectivity Management
      • 5.4.1. Global IoT in Elevators Market by Connectivity Management, 2016–2026(USD Billion)
    • 5.5. Advanced Reporting
      • 5.5.1. Global IoT in Elevators Market by Advanced Reporting, 2016–2026(USD Billion)
  • Chapter 6. Global IoT in Elevators Market–Component Analysis
    • 6.1. Global IoT in Elevators Market overview: By Component
      • 6.1.1. Global IoT in Elevators Market share, By Component,2019 and 2026
    • 6.2. Software
      • 6.2.1. Global IoT in Elevators Market by Software, 2016–2026(USD Billion)
    • 6.3. Hardware
      • 6.3.1. Global IoT in Elevators Market by Hardware, 2016–2026(USD Billion)
    • 6.4. Services
      • 6.4.1. Global IoT in Elevators Market by Services, 2016–2026(USD Billion)
  • Chapter 7. Global IoT in Elevators Market–End-User Analysis
    • 7.1. Global IoT in Elevators Market overview: By End-User
      • 7.1.1. Global IoT in Elevators Market share, By End-User,2019 and 2026
    • 7.2. Commercial
      • 7.2.1. Global IoT in Elevators Market by Commercial, 2016–2026(USD Billion)
    • 7.3. Residential
      • 7.3.1. Global IoT in Elevators Market by Residential, 2016–2026(USD Billion)
    • 7.4. Industrial
      • 7.4.1. Global IoT in Elevators Market by Industrial, 2016–2026(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. Toshiba Elevators
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. ThyssenKrupp AG
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Otis Elevator Company
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. KONE Corporation
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Mitsubishi Electric Corporation
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Schindler Group
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development

Table Of Figures

List of Figures

1. Market research process
2. Market research methodology
3. Global IoT in Elevators Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global IoT in Elevators Market attractiveness, By Application 
6. Global IoT in Elevators Market share, By Application, 2019 and 2026 (USD Billion)
7. Global IoT in Elevators Market by Remote Monitoring, 2016–2026(USD Billion)
8. Global IoT in Elevators Market by Preventive Maintenance,2016–2026(USD Billion)
9. Global IoT in Elevators Market by Connectivity Management,2016–2026(USD Billion)
10. Global IoT in Elevators Market by Advanced Reporting,2016–2026(USD Billion)
11. Global IoT in Elevators Market attractiveness, By Component 
12. Global IoT in Elevators Market share, By Component, 2019 and 2026 (USD Billion)
13. Global IoT in Elevators Market by Software, 2016–2026(USD Billion)
14. Global IoT in Elevators Market by Hardware,2016–2026(USD Billion)
15. Global IoT in Elevators Market by Services,2016–2026(USD Billion)
16. Global IoT in Elevators Market attractiveness, By End-User
17. Global IoT in Elevators Market share, By End-User, 2019 and 2026 (USD Billion)
18. Global IoT in Elevators Market by Commercial, 2016–2026(USD Billion)
19. Global IoT in Elevators Market by Residential,2016–2026(USD Billion)
20. Global IoT in Elevators Market by Industrial,2016–2026(USD Billion)
21. Global IoT in Elevators Market share, by Region, 2019 and 2026
22. North America IoT in Elevators Market, 2016–2026(USD Billion)
23. Europe IoT in Elevators Market, 2016–2026(USD Billion)
24. Asia Pacific IoT in Elevators Market, 2016–2026(USD Billion)
25. Latin America IoT in Elevators Market, 2016–2026(USD Billion)
26. The Middle East and Africa IoT in Elevators Market, 2016–2026(USD Billion)


Table Of Tables

List of Tables

1. Global IoT in Elevators Market: snapshot
2. Drivers of the IoT in Elevators Market: impact analysis
3. North America IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
4. North America IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
5. North America IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
6. The U.S. IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
7. The U.S. IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
8. The U.S. IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
9. Rest of North America IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
10. Europe IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
11. Europe IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
12. Europe IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
13. UK IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
14. UK IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
15. UK IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
16. France IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
17. France IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
18. France IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
19. Germany IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
20. Germany IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
21. Germany IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
22. Rest of Europe IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
23. Rest of Europe IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
24. Rest of Europe IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
25. Asia Pacific IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
26. Asia Pacific IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
27. Asia Pacific IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
28. China IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
29. China IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
30. China  IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
31. Japan IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
32. Japan IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
33. Japan IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
34. India IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
35. India IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
36. India IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
37. Rest of Asia Pacific IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
38. Rest of Asia  IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
39. Rest of Asia Pacific IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
40. Latin America IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
41. Latin  America IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
42. Latin America IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
43. Brazil IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
44. Brazil IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
45. Brazil IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
46. Rest of Latin America IoT in Elevators Market Revenue, By Application ,2016–2026(USD Billion)
47. Rest of Latin America IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
48. Rest of Latin  America IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
49. The Middle East and Africa IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
50. The Middle East and Africa  IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
51. The Middle East and Africa IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
52. Saudi Arabia IoT in Elevators Market Revenue, By Application, 2016–2026(USD Billion)
53. Saudi Arabia IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
54. Saudi Arabia IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
55. South Africa IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
56. South Africa IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
57. South Africa IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)
58. Rest of the Middle East & Africa IoT in Elevators Market Revenue, By Application,2016–2026(USD Billion)
59. Rest of the Middle East & Africa IoT in Elevators Market Revenue, By Component,2016–2026(USD Billion)
60. Rest of the Middle East & Africa IoT in Elevators Market Revenue, By End-User,2016–2026(USD Billion)

 


 
 

Methodology

FrequentlyAsked Questions

IoT in elevators is the application of Internet of Things (IoT) technology to improve the safety, efficiency, and performance of elevator systems. Internet of Things (IoT) enables real-time monitoring, predictive maintenance, and an enhanced user experience by connecting elevators to the internet and facilitating data exchange between the elevator components and cloud-based systems.

Real-time monitoring and optimization of elevator operations are made possible by IoT technology, which results in decreased energy consumption. Expected to increase is the demand for elevators that are energy-efficient and have IoT capabilities, as organizations prioritize sustainability.

According to Zion Market Research, the global IoT in Elevators Market was worth USD 23.83 Billion in 2023. The market is forecast to reach USD 88.95 Billion by 2032.

According to Zion Market Research, the global IoT in Elevators Market a compound annual growth rate (CAGR) of 15.76% during the forecast period 2024-2032.

The growth of the market in North American sub-continent over 2024-2032 is owing to presence of major players in the countries like the U.S. and availability of strong IoT infrastructure in the region.

Key players profiled in the report include Otis Elevator Company, Toshiba Elevators, Mitsubishi Electric Corporation, ThyssenKrupp AG, KONE Corporation, and Schindler Group.

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List of Contents

Market InsightsMarket OverviewMarket:Growth DynamicsReport ScopeNorth America To Contribute Major Market Revenue Share By 2032Competitive AnalysisThe global IoT in elevators market is segmented as follows:

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