Market Overview:
The global energy saving elevator market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for energy-efficient elevators and rising awareness about the benefits of using energy-saving elevators. The planetary gear reducer type segment is expected to dominate the global energy saving elevator market during the forecast period, owing to its high efficiency and low noise levels. The gearless driving type segment is projected to grow at a higher CAGR than other types during the forecast period, as it consumes less power and results in lower operating costs. In terms of application, the industrial segment is expected to lead the global market during 2018–2030. This can be attributed to increased investments by manufacturing companies in developing countries such as China and India for upgrading their production facilities with advanced technologies that consume less power.
Product Definition:
An energy saving elevator is an elevator that uses less power to move than a traditional elevator. They are usually more expensive to buy and install, but can save the owner money in the long run due to their lower power usage.
Planetary Gear Reducer Type:
Planetary gear reducer is a device, which is used to reduce the speed of a machine or vehicles. It's major application areas are in elevators and escalators. Elevator industry has been growing at an exponential rate due to urbanization and growth of megacities across the globe.
Gearless Driving Type:
Gearless driving type is a form of traction engine without any mechanical connection between the output gear and input shaft. The system uses centrifugal force for power generation, which is transferred to the building using elevators orEscalators.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 60% in 2017. The growth can be attributed to the increasing demand for energy-efficient products and technologies across various industries including oil & gas, power generation, manufacturing, etc. Furthermore, governments are taking initiatives to promote the use of energy-saving products such as automatic doors and building management systems which further drives product demand in this segment.
The commercial application segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to growing concerns regarding high electricity costs along with environmental issues such as global warming caused by greenhouse gasses resulting from human activities such as burning fossil fuels for transportation and heating purposes. These factors have ledto an increased focus on using alternative forms of transportatio nsuch as walking or cycling which also impacts product demand positively in this segment over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid growth in industrialization, which has resulted in increased demand for energy-efficient elevators. Furthermore, increasing commercial construction activities are also anticipated to drive the regional market over the next eight years.
Europe accounted for a significant share of revenue and is expected to grow at a CAGR of XX% from 2018 to 2030 owing to stringent government regulations regarding elevator energy consumption along with growing awareness about elevators' environmental benefits. Moreover, Europe being one of the major manufacturing hubs has attracted numerous manufacturers who have introduced technologically advanced products cateringto specific needs and requirements of various industries operating within Europe including healthcare (hospital), logistics (warehousing), telecoms/IT & administrative services (offices) among others). These factors are likely tobuild strong demand for eco-friendly elevator systems across European countries duringthe forecast period.
Growth Factors:
- Increasing awareness about the benefits of energy saving elevators among consumers and businesses
- Rising demand for green buildings and LEED certification
- Growing popularity of smart elevators that optimize energy consumption
- Proliferation of internet-of-things (IoT) in buildings, which can be used to control elevator systems for energy savings
- Government incentives and regulations encouraging the use of energy saving elevators
Scope Of The Report
Report Attributes
Report Details
Report Title
Energy Saving Elevator Market Research Report
By Type
Planetary Gear Reducer Type, Gearless Driving Type
By Application
Industrial, Commercial, Residential
By Companies
KONE, Schindler, OTIS Elevator, Hyundai Elevators, Hitachi, Fujitec, Mitsubishi Electric, ThyssenKrupp Elevator, Evident Technologies, KONE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
194
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Energy Saving Elevator Market Report Segments:
The global Energy Saving Elevator market is segmented on the basis of:
Types
Planetary Gear Reducer Type, Gearless Driving Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KONE
- Schindler
- OTIS Elevator
- Hyundai Elevators
- Hitachi
- Fujitec
- Mitsubishi Electric
- ThyssenKrupp Elevator
- Evident Technologies
- KONE
Highlights of The Energy Saving Elevator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Planetary Gear Reducer Type
- Gearless Driving Type
- By Application:
- Industrial
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Energy Saving Elevator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Energy Saving Elevator is a new type of elevator that uses less energy and helps conserve natural resources.
Some of the major players in the energy saving elevator market are KONE, Schindler, OTIS Elevator, Hyundai Elevators, Hitachi, Fujitec, Mitsubishi Electric, ThyssenKrupp Elevator, Evident Technologies, KONE.
The energy saving elevator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Energy Saving Elevator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Energy Saving Elevator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Energy Saving Elevator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Energy Saving Elevator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Energy Saving Elevator Market Size & Forecast, 2020-2028
4.5.1 Energy Saving Elevator Market Size and Y-o-Y Growth
4.5.2 Energy Saving Elevator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Planetary Gear Reducer Type
5.2.2 Gearless Driving Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Commercial
6.2.3 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Energy Saving Elevator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Energy Saving Elevator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Planetary Gear Reducer Type
9.6.2 Gearless Driving Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Commercial
9.10.3 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Planetary Gear Reducer Type
10.6.2 Gearless Driving Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Commercial
10.10.3 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Planetary Gear Reducer Type
11.6.2 Gearless Driving Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Commercial
11.10.3 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Planetary Gear Reducer Type
12.6.2 Gearless Driving Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Commercial
12.10.3 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Planetary Gear Reducer Type
13.6.2 Gearless Driving Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Commercial
13.10.3 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Energy Saving Elevator Market: Competitive Dashboard
14.2 Global Energy Saving Elevator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KONE
14.3.2 Schindler
14.3.3 OTIS Elevator
14.3.4 Hyundai Elevators
14.3.5 Hitachi
14.3.6 Fujitec
14.3.7 Mitsubishi Electric
14.3.8 ThyssenKrupp Elevator
14.3.9 Evident Technologies
14.3.10 KONE
