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Global Smart Elevator Market 2017-2021 - Key Vendors are Fujitec, KONE, Otis Elevator, Schindler Group & ThyssenKrupp - Research and MarketsThe "Global Smart Elevator Market 2017-2021" report has been added to Research and Markets' offering. The global smart elevator market to grow at a CAGR of 14.56% during the period 2017-2021. Global Smart Elevator Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. One trend in the market is increasing need for energy efficiency. Global economic growth has led to a rise in energy demand, and global demand for energy is likely to increase by 75% by 2030. Energy shortages are a challenge for organizations, which, therefore, are striving to solve the energy shortage crisis. Energy efficiency is the most effective way of reducing energy consumption, as it is much more economical than buying additional power from reserve plants. According to the report, one driver in the market is focus on reducing the impact of energy costs on business. There is a continuous surge in electricity generation worldwide due to the growth in population and urbanization, due to which, utilities are runnin their plants at full capacity to generate more power from the existing infrastructure. Power companies are working on making power generation more efficient by adding new technological innovations like substation automation and demand response systems for power supply and energy management systems to conserve energy in conventional power plants. The addition of these technologies is enabling them to have a greater visibility of the functioning of the grid, thus enabling them to uncover the areas of inefficiencies and correct them for more efficient power production. Further, the report states that one challenge in the market is capital-intensive nature of the market. The installation of smart elevators is highly expensive as they have many components like automated access control systems and security systems, which are integrated with the smart elevators and increase the total cost of smart elevators when compared with conventional elevators. Moreover, smart elevator manufacturers spend huge sums of money in acquiring the necessary certifications. Key vendors
Other prominent vendors
Key Topics Covered: Part 01: Executive Summary Part 02: Scope Of The Report Part 03: Research Methodology Part 04: Introduction Part 05: Market Landscape Part 06: Market Segmentation By Services Part 07: Regional Landscape Part 08: Decision Framework Part 09: Drivers And Challenges Part 10: Market Trends Part 11: Vendor Landscape Part 12: Key Vendor Analysis Part 13: Appendix For more information about this report visit https://www.researchandmarkets.com/research/wdzsv9/global_smart?w=4 View source version on businesswire.com: http://www.businesswire.com/news/home/20171212005754/en/ |