Infographics - Elevator Control Market

Elevator Control systems are the devices that control the functions and services of an elevator. An elevator control system includes a power circuit for the lifting motor, an accumulator, and a pump that pushes pressurized fluid from a tank toward the cylinder. The motor brake is a part of the control system as well. A programmable Logic Controller (PLC) is used to operate the control system. The PLC can be configured to manage the number of stops or to handle multiple cars at once.

An elevator control system may be connected to a computer or to the Internet. This allows data from the system to be shared with the Cloud. The system also recognizes the face of the passenger and can provide information about the destination floor. The system can also be configured to provide a visual display to the user. It may also provide a keypad console and other components.

Market Dynamics:

The increasing investment in allied industries is boosting the growth of the elevator control market. Moreover, the increasing urbanization trend is fueling the demand for multi-story buildings. This will lead to the increase in the number of apartments and office spaces. Developing countries are expected to make significant investments in building infrastructure. This is driving the development of elevator control systems. In the near future, touchless elevators may offer new opportunities. This will help reduce the waiting time for passengers, especially in crowded buildings.

However, the economic slowdown and increasing casualties related to elevators and escalators might hinder growth of the global elevator control market.

Key features of the study:

This report provides in-depth analysis of the global elevator control market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global elevator control market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include SICK AG, Hitachi Ltd., Honeywell International Inc., Hyundai Elevator Co. Ltd., Nidec MCE, Toshiba Elevators and Building Systems, Thames Valley Controls, and Mitsubishi Electric.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global elevator control market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global elevator control market

Detailed Segmentation:

Global Elevator Control Market, By Application
- Residential
- Commercial
Global Elevator Control Market, By Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World
Company Profiles:
- Hitachi Ltd
- Hyundai Elevator Co. Ltd
- Toshiba Elevators and Building Systems
- Mitsubishi Electric
- Thames Valley Controls
- Nidec MCE
- Honeywell International Inc.
- SICK AG

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snapshot, By Application
  - Market Snapshot, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
    - Increasing implantation of advanced technologies in control systems
    - Growing investment in building infrastructure
  - Restraints
    - High initial investment cost
    - Slowdown of global economy
  - Opportunities
    - Growing urbanization around the globe
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
Global Elevator Control Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
Global Elevator Control Market , By Application, 2017-2030, (US$ Mn)
- Introduction
  - Market Share Analysis, 2022 and 2030 (%)
  - Y-o-Y Growth Analysis, 2017 – 2030
  - Segment Trends
- Residential
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Commercial
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Global Elevator Control Market , By Region, 2017-2030, (US$ Mn)
- Introduction
  - Market Share Analysis, By Country, 2022 and 2030 (%)
  - Y-o-Y Growth Analysis, For Country 2017–2030
  - Country Trends
- North America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
- Europe
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
- Asia Pacific
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
- Latin America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
- Middle East & Africa
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
- Rest of World
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By End User, 2017-2030,(US$ Mn)
Competitive Landscape
- Hitachi Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Hyundai Elevator Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Toshiba Elevators and Building Systems
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Mitsubishi Electric
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Thames Valley Controls
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Nidec MCE
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Honeywell International Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- SICK AG
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Analyst Views
Section
- Research Methodology
- About us

*Browse 24 market data tables and 28 figures on “Global Elevator Control Market” - Global forecast to 2030

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