Asia Pacific Smart Elevators Market By Solution (New Deployment, Modernization, Maintenance), Application (Residential, Commercial, Industrial, Institutional)
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Security has become a matter of concern, not only in commercial but in residential buildings too. Elevators are the primary mode of transportation of passenger, individual and resident staffs in a building either residential or commercial. Therefore, the building owners as well as the construction companies now understand the importance of security features in a building.
Design and construction of intelligent security features in the buildings provides better security to the occupants in the building. Smart elevators come with specific identification modules that allow access to only authorized people. These security features may require card recognition system or finger prints.
Economic development of the Asian countries such as China, India, Japan and Korea led to rise in the spending capabilities of the region. Rising awareness about green environment across the region is contributing to the smart elevators market to grow in Asia -Pacific region. In addition to this, the initial investment for the installation of smart elevators is also high. The report highlights the adoption of Smart Elevators market in Asia Pacific.
Based on the Solution, the Smart Elevators Market is segmented into New Deployment, Modernization and Maintenance segment. The New Deployment segment is further segmented into Elevator Access Control & Security and Elevator Automation sub-segments. Based on the applications, the market is bifurcated into Residential, Commercial, Industrial, Institutional and Other segments.
The countries included in the report are China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific. Key Players profiled in the report include Hitachi Ltd., Honeywell International, Inc., Schindler Holding AG, Hyundai Elevator Co. Ltd., ThyssenKrupp AG, Fujitec, Bosch Security Systems and Kone Corporation.