Europe IoT in Elevators Market Forecast to 2028

Report Code : BMIRE00025800 | Region : Europe | Industry : Electronics and Semiconductor | Published Date : 12/Sep/2022
Europe IoT in Elevators Market Forecast to 2028 - COVID-19 Impact and Regional Analysis -by Component (Hardware, Software, and Services), Application (Preventive Maintenance, Remote Monitoring, Fault Diagnosis and Prediction, Advanced Reporting, and Connectivity Management), and End User (Residential, Commercial, and Industrial)

The Europe IoT in elevators market is expected to grow from US$ 12,739.95 million in 2022 to US$ 20,232.46 million by 2028; it is estimated to grow at a CAGR of 8.0% from 2022 to 2028.

Europe is the leading region in investing significant capital in deploying novel energy technologies such as solar installation and energy-efficient products & services to limit the region’s carbon footprints and maintain green sustainability. Large buildings require predictive analytics, continuous building optimization, demand response, automated building control, and enterprise integration. However, small buildings require historical billing analysis, incentive availability, and educational, behavioral, and retrofit suggestions. Thus, IoT integrations with buildings make the building intelligent as IoT can automate and control these building operations. In addition, the building automation and control systems monitor operations such as security, fire and safety, air conditioning, and ventilation. Therefore, IoT-based elevators are becoming popular in intelligent buildings. Companies are also providing IoT in elevators for medium-sized buildings. IoT in elevator companies in Europe offers various services, including trouble ticket management, retro and ongoing commissioning, energy monitoring, NOC availability, maintenance, retrofit programmer proposals, and AMI data analysis in elevators. Further, government initiatives such as the European Union's Energy Performance of Buildings Directive (EPBD) and the United States' Commercial Building Initiative (CBI) are urging governments and businesses to increase their efforts at the community level to reduce energy consumption and greenhouse gas emissions. In addition, EU countries need to establish a 10-year integrated national energy and climate plan (NECP) from 2021 to 2030 to meet the EU's new energy and climate targets by 2030. According to the Climate Law proposal presented by the European Commission in March 2020, the EU aims to become climate-neutral by 2050. Similarly, the Smart readiness indicator (SRI) is an EU scheme for rating the smart readiness of buildings. Moreover, rising trends toward energy-efficient products and services are supporting the growth of IoT in elevators market.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe IoT in elevators market growth at a notable CAGR during the forecast period.

Europe IoT in Elevators Market Revenue and Forecast to 2028 (US$ Million)

Europe IoT in Elevators Market Segmentation

The Europe IoT in elevators market is segmented into component, application, end user, and country. Based on component, the market is segmented into hardware, software, and services. Based on application, the Europe IoT in elevators market is segmented into preventive maintenance, remote monitoring, fault diagnosis and prediction, advanced reporting, and connectivity management. Based on end user, the Europe IoT in elevators market is categorized into residential, commercial, and industrial. Based on country, the Europe IoT in elevators market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe.

Europe IoT in Elevators Market Companies Mentioned

FUJITEC CO., LTD; Hitachi, Ltd.; KONE Corporation; Mitsubishi Electric Corporation; Otis Worldwide Corporation; Schindler; Robert Bosch GmbH; and Schneider Electric SE are a few major companies operating in the Europe IoT in elevators market.

The List of Companies - Europe IoT in Elevators Market

● FUJITEC CO., LTD                                             

● Hitachi, Ltd.                                                       

● KONE Corporation                                          

● Mitsubishi Electric Corporation                 

● Otis Worldwide Corporation                      

● Schindler                                                            

● Robert Bosch GmbH

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Europe IoT in Elevators Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 Europe

4.2.2 Ecosystem Analysis

4.3 Expert Opinions

5. Europe IoT in Elevators Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rise In Urbanization and Governments Initiatives Towards Green Sustainability

5.1.2 Rise in Technological Developments in Construction Industry

5.2 Market Restraints

5.2.1 High Initial Investments Needed in Elevator Modernization and IoT Integrations

5.3 Market Opportunities

5.3.1 Companies Initiatives in developing IoT in Elevators and Government Support for Smart City Development

5.4 Future Trends

5.4.1 Rising Trend Towards Energy Efficient Products & Services in Intelligent Buildings

5.5 Impact Analysis of Drivers and Restraints

6. Europe IoT in Elevators Market – Market Analysis

6.1 Europe IoT in Elevators Market Revenue Forecast and Analysis

7. Europe IoT in Elevators Market – By Component

7.1 Overview

7.1.1 Europe IoT in Elevators Market Breakdown, By Component

7.1.1.1 Europe IoT in Elevators Market Breakdown, By Hardware

7.1.1.2 Europe IoT in Elevators Market Breakdown, By Software

7.1.1.3 Europe IoT in Elevators Market Breakdown, By Services

7.2 Hardware

7.2.1 Overview

7.2.2 Hardware: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.2.2.1 Processor Overview

7.2.2.1.1 Processor: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.2.2.2 Connectivity IC Overview

7.2.2.2.1 Connectivity IC: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.2.2.3 Sensor Overview

7.2.2.3.1 Sensor: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.2.2.4 Memory Device

7.2.2.4.1 Memory Device: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.2.2.5 Others Overview

7.2.2.5.1 Others: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.3 Software

7.3.1 Overview

7.3.2 Software: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.3.3 On-Premise

7.3.3.1 On-Premise: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.3.4 Cloud

7.3.4.1 Cloud: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Services

7.4.1 Overview

7.4.2 Services: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.4.3 Designing and Engineering

7.4.3.1 Designing and Engineering: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.4.4 Installation

7.4.4.1 Installation: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.4.5 Maintenance and Repair

7.4.5.1 Maintenance and Repair: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

7.4.6 Others

7.4.6.1 Others: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

8. Europe IoT in Elevators Market Analysis – by Application

8.1 Overview

8.1.1 Europe IoT in Elevators Market Breakdown, By Application

8.2 Preventive Maintenance

8.2.1 Overview

8.2.2 Preventive Maintenance: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

8.3 Remote Monitoring

8.3.1 Overview

8.3.2 Remote Monitoring: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Fault Diagnosis and Prediction

8.4.1 Overview

8.4.2 Fault Diagnosis and Prediction: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Advanced Reporting

8.5.1 Overview

8.5.2 Advanced Reporting: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Connectivity Management

8.6.1 Overview

8.6.2 Connectivity Management: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

9. Europe IoT in Elevators Market Analysis – by End User

9.1 Overview

9.1.1 Europe IoT in Elevators Market Breakdown, By End-User

9.2 Residential

9.2.1 Overview

9.2.2 Residential: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

9.3 Commercial

9.3.1 Overview

9.3.2 Commercial: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Industrial

9.4.1 Overview

9.4.2 Industrial: Europe IoT in Elevators Market – Revenue and Forecast to 2028 (US$ Million)

10. Europe IoT in Elevators Market – Country Analysis

10.1 Europe: Europe IoT in Elevators Market

10.1.1 Overview

10.1.2 Overview- Europe IoT in Elevators Market (US$ Million)

10.1.3 Europe IoT in Elevators Market Breakdown, by Country

10.1.3.1 Germany Europe IoT in Elevators Market - Revenue and Forecast to 2028

10.1.3.1.1 Germany Europe IoT in Elevators Market Breakdown, By Component

10.1.3.1.2 Germany Europe IoT in Elevators Market Breakdown, By Application

10.1.3.1.3 Germany Europe IoT in Elevators Market Breakdown, By End-User

10.1.3.2 France Europe IoT in Elevators Market - Revenue and Forecast to 2028

10.1.3.2.1 France Europe IoT in Elevators Market Breakdown, By Component

10.1.3.2.2 France Europe IoT in Elevators Market Breakdown, By Application

10.1.3.2.3 France Europe IoT in Elevators Market Breakdown, By End-User

10.1.3.3 Italy Europe IoT in Elevators Market - Revenue and Forecast to 2028

10.1.3.3.1 Italy Europe IoT in Elevators Market Breakdown, By Component

10.1.3.3.2 Italy Europe IoT in Elevators Market Breakdown, By Application

10.1.3.3.3 Italy Europe IoT in Elevators Market Breakdown, By End-User

10.1.3.4 UK Europe IoT in Elevators Market - Revenue and Forecast to 2028

10.1.3.4.1 UK Europe IoT in Elevators Market Breakdown, By Component

10.1.3.4.2 UK Europe IoT in Elevators Market Breakdown, By Application

10.1.3.4.3 UK Europe IoT in Elevators Market Breakdown, By End-User

10.1.3.5 Russia Europe IoT in Elevators Market - Revenue and Forecast to 2028

10.1.3.5.1 Russia Europe IoT in Elevators Market Breakdown, By Component

10.1.3.5.2 Russia Europe IoT in Elevators Market Breakdown, By Application

10.1.3.5.3 Russia Europe IoT in Elevators Market Breakdown, By End-User

10.1.3.6 Rest of Europe IoT in Elevators Market - Revenue and Forecast to 2028

10.1.3.6.1 Rest of Europe IoT in Elevators Market Breakdown, By Component

10.1.3.6.2 Rest of Europe IoT in Elevators Market Breakdown, By Application

10.1.3.6.3 Rest of Europe IoT in Elevators Market Breakdown, By End-User

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Company Profiles

12.1 FUJITEC CO., LTD

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Hitachi, Ltd.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 KONE Corporation

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Mitsubishi Electric Corporation

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Otis Worldwide Corporation

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Schindler

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Robert Bosch GmbH

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Schneider Electric SE

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             Europe IoT in Elevators Market Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Component (US$ Million)

Table 3.             Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Hardware (US$ Million)

Table 4.             Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Software (US$ Million)

Table 5.             Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Services (US$ Million)

Table 6.             Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 7.             Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 8.             Germany Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Component (US$ Million)

Table 9.             Germany Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 10.          Germany Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 11.          France Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Component (US$ Million)

Table 12.          France Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 13.          France Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 14.          Italy Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Component (US$ Million)

Table 15.          Italy Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 16.          Italy Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 17.          UK Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Component (US$ Million)

Table 18.          UK Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 19.          UK Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 20.          Russia Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Component (US$ Million)

Table 21.          Russia Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 22.          Russia Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 23.          Rest of Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Component (US$ Million)

Table 24.          Rest of Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By Application (US$ Million)

Table 25.          Rest of Europe IoT in Elevators Market - Revenue and Forecast to 2028 – By End-User (US$ Million)

Table 26.          List of Abbreviation

The List of Companies - Europe IoT in Elevators Market

● FUJITEC CO., LTD                                             

● Hitachi, Ltd.                                                       

● KONE Corporation                                          

● Mitsubishi Electric Corporation                 

● Otis Worldwide Corporation                      

● Schindler                                                            

● Robert Bosch GmbH

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe IoT in Elevators Market.

● Highlights key business priorities in order to assist companies to realign their business strategies.

● The key findings and recommendations highlight crucial progressive industry trends in Europe IoT in Elevators Market, thereby allowing players across the value chain to develop effective long-term strategies.

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

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