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According to a new report, Europe Smart Elevators Market , published by KBV Research, the Europe Smart Elevators Market is expected to grow at a CAGR of 14.3% during 2016 -2022. The Germany market dominated the Europe Smart Elevators Market in 2015, and would grow at a CAGR of 13.1% during the forecast period. The UK market is expected to attain a market size of $1,893.9 million by 2022. However, France market is expected to grow at CAGR of 15.1% during 2016-2022. The Commercial market dominated the Europe Smart Elevators Market in 2015, and is expected to grow at a CAGR of 11.4% during the forecast period.
However, Industrial market is expected to grow at CAGR of 802.2% during 2016-2022. The report highlights the adoption of Smart Elevators market in Europe. 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 Germany, UK, France, Russia, Spain, Italy and Rest of Europe. 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.
The market is segmented based on Solution, Application and Country.