Elevator Control System Segment to Dominate China Smart Elevator Market till 2024
Growing technological
advancements coupled with rising demand for integrated security, safety and
energy-efficient systems to drive China Smart Elevator Market through 2024
According
to TechSci Research report, “China Smart Elevator Market By Component, By Application,
By Service, By Region, Competition, Forecast & Opportunities, 2024”, China
smart elevator market is projected to grow at a CAGR of more than 21% during 2019E-2024F due to rising demand for secure, safe and energy efficient
systems. China smart elevator market can be segmented based on component,
application, service and region. In terms of component, Control Systems segment
is predicted to lead the market as it helps to improve the safety management
and operational efficiency and the trend is likely to continue in the coming
years.
Browse
22 market data Figures spread through 70
Pages and an in-depth TOC on "China Smart Elevator Market"
https://www.techsciresearch.com/report/china-smart-elevator-market/4308.html
On the basis of services segment, the market can be
segmented into New Installation, Maintenance and Modernization services. New
Installation services accounted for the largest market share in 2018 and the
segment is expected to register growth during the forecast period as well. In
terms of application, the market can be segmented into residential, commercial,
institutional, industrial and others. Residential segment acquired the lion’s
share in 2018 and the segment is anticipated to continue its growth trajectory
during the forecast period. However, the commercial segment is forecast to
witness higher growth and emerge as the largest application segment in the
country’s smart elevator market by 2024.
Download Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=4308
Customers
can also request for 10% free customization on this report.
Major players operating in China Smart Elevator market are Shanghai
Mechanical & Electrical Industry, Canny Elevator, SJEC Corporation, Hitachi
Elevator (China), Kone Corporation, Fujitec, Thyssenkrupp, Schindler, Otis
Elevator, Hyundai Elevator, among others. Companies operating in the market are adopting organic and inorganic
strategies such as new product launches, investments & expansions and
agreements & contracts to ensure consistent growth in the market. “China smart elevator market is expected to register robust growth
in the coming years, due to increasing urbanization and rising demand in
developing region, such as East China Provinces and South & Central China
Provinces, owing to increasing building and construction activities. The market
would offer lucrative growth opportunities to companies operating in this elevator
domain, owing to technological advancements and favorable government
initiatives.”, said Mr. Karan Chechi, Research Director with TechSci Research,
a research based global management consulting firm.
“China Smart Elevator Market By Component, By Application,
By Service, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of China smart
elevator market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in China smart elevator market.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]