The Smart Elevator market was valued at $26,318.3 Million in 2022, and is projected to reach $62,715.6 Million by 2031 growing at a CAGR of 10.19% from 2023 to 2031. New Deployments segment is expected to be the highest contributor to this market, with $12,445.9 Million in 2022, and is anticipated to reach $27,032.8 Million by 2031, registering a CAGR of 9.05%. Elevator Modernization segment is anticipated to reach $14,437.6 Million by 2031 with the highest CAGR of 11.40%. New Deployments and Maintenance segments collectively expected to account for about 79.1% share of the Smart Elevator market in 2022, with the former constituting around 47.3% share. Elevator Modernization and Maintenance segments are expected to witness significant growth rates at a CAGR of 11.40% and 10.94% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 52.7% in the overall Smart Elevator market in 2022, and is anticipated to reach 56.9% by 2031.
1. Global Smart Elevator Market, By Solution
1.1. Overview
1.2. New Deployments
1.2.1 New Deployments Market, By Region
1.2.1.1 North America New Deployments Market, By Country
1.2.1.2 Europe New Deployments Market, By Country
1.2.1.3 Asia-Pacific New Deployments Market, By Country
1.2.1.4 Rest of World New Deployments Market, By Country
1.3. Elevator Modernization
1.3.1 Elevator Modernization Market, By Region
1.3.1.1 North America Elevator Modernization Market, By Country
1.3.1.2 Europe Elevator Modernization Market, By Country
1.3.1.3 Asia-Pacific Elevator Modernization Market, By Country
1.3.1.4 Rest of World Elevator Modernization Market, By Country
1.4. Maintenance
1.4.1 Maintenance Market, By Region
1.4.1.1 North America Maintenance Market, By Country
1.4.1.2 Europe Maintenance Market, By Country
1.4.1.3 Asia-Pacific Maintenance Market, By Country
1.4.1.4 Rest of World Maintenance Market, By Country
2. Global Smart Elevator Market, By Application
2.1. Overview
2.2. Residential
2.2.1 Residential Market, By Region
2.2.1.1 North America Residential Market, By Country
2.2.1.2 Europe Residential Market, By Country
2.2.1.3 Asia-Pacific Residential Market, By Country
2.2.1.4 Rest of World Residential Market, By Country
2.3. Commercial
2.3.1 Commercial Market, By Region
2.3.1.1 North America Commercial Market, By Country
2.3.1.2 Europe Commercial Market, By Country
2.3.1.3 Asia-Pacific Commercial Market, By Country
2.3.1.4 Rest of World Commercial Market, By Country
2.4. Industrial
2.4.1 Industrial Market, By Region
2.4.1.1 North America Industrial Market, By Country
2.4.1.2 Europe Industrial Market, By Country
2.4.1.3 Asia-Pacific Industrial Market, By Country
2.4.1.4 Rest of World Industrial Market, By Country
2.5. Institutional
2.5.1 Institutional Market, By Region
2.5.1.1 North America Institutional Market, By Country
2.5.1.2 Europe Institutional Market, By Country
2.5.1.3 Asia-Pacific Institutional Market, By Country
2.5.1.4 Rest of World Institutional Market, By Country
2.6. Other Applications
2.6.1 Other Applications Market, By Region
2.6.1.1 North America Other Applications Market, By Country
2.6.1.2 Europe Other Applications Market, By Country
2.6.1.3 Asia-Pacific Other Applications Market, By Country
2.6.1.4 Rest of World Other Applications Market, By Country
3. Global Smart Elevator Market, By Region
3.1. Overview
3.2. North America
3.2.1 North America Smart Elevator Market, By Solution
3.2.2 North America Smart Elevator Market, By Application
3.2.3 North America Smart Elevator Market, By Country
3.2.3.1 U.S.
3.2.3.1.1 U.S. Smart Elevator Market, By Solution
3.2.3.1.2 U.S. Smart Elevator Market, By Application
3.2.3.2 Canada
3.2.3.2.1 Canada Smart Elevator Market, By Solution
3.2.3.2.2 Canada Smart Elevator Market, By Application
3.3. Europe
3.3.1 Europe Smart Elevator Market, By Solution
3.3.2 Europe Smart Elevator Market, By Application
3.3.3 Europe Smart Elevator Market, By Country
3.3.3.1 Germany
3.3.3.1.1 Germany Smart Elevator Market, By Solution
3.3.3.1.2 Germany Smart Elevator Market, By Application
3.3.3.2 U.K.
3.3.3.2.1 U.K. Smart Elevator Market, By Solution
3.3.3.2.2 U.K. Smart Elevator Market, By Application
3.3.3.3 France
3.3.3.3.1 France Smart Elevator Market, By Solution
3.3.3.3.2 France Smart Elevator Market, By Application
3.3.3.4 Italy
3.3.3.4.1 Italy Smart Elevator Market, By Solution
3.3.3.4.2 Italy Smart Elevator Market, By Application
3.3.3.5 Spain
3.3.3.5.1 Spain Smart Elevator Market, By Solution
3.3.3.5.2 Spain Smart Elevator Market, By Application
3.3.3.6 Rest of Europe
3.3.3.6.1 Rest of Europe Smart Elevator Market, By Solution
3.3.3.6.2 Rest of Europe Smart Elevator Market, By Application
3.4. Asia-Pacific
3.4.1 Asia-Pacific Smart Elevator Market, By Solution
3.4.2 Asia-Pacific Smart Elevator Market, By Application
3.4.3 Asia-Pacific Smart Elevator Market, By Country
3.4.3.1 China
3.4.3.1.1 China Smart Elevator Market, By Solution
3.4.3.1.2 China Smart Elevator Market, By Application
3.4.3.2 Japan
3.4.3.2.1 Japan Smart Elevator Market, By Solution
3.4.3.2.2 Japan Smart Elevator Market, By Application
3.4.3.3 South Korea
3.4.3.3.1 South Korea Smart Elevator Market, By Solution
3.4.3.3.2 South Korea Smart Elevator Market, By Application
3.4.3.4 India
3.4.3.4.1 India Smart Elevator Market, By Solution
3.4.3.4.2 India Smart Elevator Market, By Application
3.4.3.5 Singapore
3.4.3.5.1 Singapore Smart Elevator Market, By Solution
3.4.3.5.2 Singapore Smart Elevator Market, By Application
3.4.3.6 Rest of Asia
3.4.3.6.1 Rest of Asia Smart Elevator Market, By Solution
3.4.3.6.2 Rest of Asia Smart Elevator Market, By Application
3.5. Rest of World
3.5.1 Rest of World Smart Elevator Market, By Solution
3.5.2 Rest of World Smart Elevator Market, By Application
3.5.3 Rest of World Smart Elevator Market, By Country
3.5.3.1 Brazil
3.5.3.1.1 Brazil Smart Elevator Market, By Solution
3.5.3.1.2 Brazil Smart Elevator Market, By Application
3.5.3.2 Mexico
3.5.3.2.1 Mexico Smart Elevator Market, By Solution
3.5.3.2.2 Mexico Smart Elevator Market, By Application
3.5.3.3 South Africa
3.5.3.3.1 South Africa Smart Elevator Market, By Solution
3.5.3.3.2 South Africa Smart Elevator Market, By Application
3.5.3.4 Australia
3.5.3.4.1 Australia Smart Elevator Market, By Solution
3.5.3.4.2 Australia Smart Elevator Market, By Application
3.5.3.5 ROW Countries
3.5.3.5.1 ROW Countries Smart Elevator Market, By Solution
3.5.3.5.2 ROW Countries Smart Elevator Market, By Application
ROW Countries Smart Elevator Market Value, By Application, 2022-2031, Million USD LIST OF TABLES
TABLE 1. Global Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 2. New Deployments Market Value, By Region, 2022-2031, Million USD
TABLE 3. North America New Deployments Market Value, By Country, 2022-2031, Million USD
TABLE 4. Europe New Deployments Market Value, By Country, 2022-2031, Million USD
TABLE 5. Asia-Pacific New Deployments Market Value, By Country, 2022-2031, Million USD
TABLE 6. Rest of World New Deployments Market Value, By Country, 2022-2031, Million USD
TABLE 7. Elevator Modernization Market Value, By Region, 2022-2031, Million USD
TABLE 8. North America Elevator Modernization Market Value, By Country, 2022-2031, Million USD
TABLE 9. Europe Elevator Modernization Market Value, By Country, 2022-2031, Million USD
TABLE 10. Asia-Pacific Elevator Modernization Market Value, By Country, 2022-2031, Million USD
TABLE 11. Rest of World Elevator Modernization Market Value, By Country, 2022-2031, Million USD
TABLE 12. Maintenance Market Value, By Region, 2022-2031, Million USD
TABLE 13. North America Maintenance Market Value, By Country, 2022-2031, Million USD
TABLE 14. Europe Maintenance Market Value, By Country, 2022-2031, Million USD
TABLE 15. Asia-Pacific Maintenance Market Value, By Country, 2022-2031, Million USD
TABLE 16. Rest of World Maintenance Market Value, By Country, 2022-2031, Million USD
TABLE 17. Global Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 18. Residential Market Value, By Region, 2022-2031, Million USD
TABLE 19. North America Residential Market Value, By Country, 2022-2031, Million USD
TABLE 20. Europe Residential Market Value, By Country, 2022-2031, Million USD
TABLE 21. Asia-Pacific Residential Market Value, By Country, 2022-2031, Million USD
TABLE 22. Rest of World Residential Market Value, By Country, 2022-2031, Million USD
TABLE 23. Commercial Market Value, By Region, 2022-2031, Million USD
TABLE 24. North America Commercial Market Value, By Country, 2022-2031, Million USD
TABLE 25. Europe Commercial Market Value, By Country, 2022-2031, Million USD
TABLE 26. Asia-Pacific Commercial Market Value, By Country, 2022-2031, Million USD
TABLE 27. Rest of World Commercial Market Value, By Country, 2022-2031, Million USD
TABLE 28. Industrial Market Value, By Region, 2022-2031, Million USD
TABLE 29. North America Industrial Market Value, By Country, 2022-2031, Million USD
TABLE 30. Europe Industrial Market Value, By Country, 2022-2031, Million USD
TABLE 31. Asia-Pacific Industrial Market Value, By Country, 2022-2031, Million USD
TABLE 32. Rest of World Industrial Market Value, By Country, 2022-2031, Million USD
TABLE 33. Institutional Market Value, By Region, 2022-2031, Million USD
TABLE 34. North America Institutional Market Value, By Country, 2022-2031, Million USD
TABLE 35. Europe Institutional Market Value, By Country, 2022-2031, Million USD
TABLE 36. Asia-Pacific Institutional Market Value, By Country, 2022-2031, Million USD
TABLE 37. Rest of World Institutional Market Value, By Country, 2022-2031, Million USD
TABLE 38. Other Applications Market Value, By Region, 2022-2031, Million USD
TABLE 39. North America Other Applications Market Value, By Country, 2022-2031, Million USD
TABLE 40. Europe Other Applications Market Value, By Country, 2022-2031, Million USD
TABLE 41. Asia-Pacific Other Applications Market Value, By Country, 2022-2031, Million USD
TABLE 42. Rest of World Other Applications Market Value, By Country, 2022-2031, Million USD
TABLE 43. Global Smart Elevator Market Value, By Region, 2022-2031, Million USD
TABLE 44. North America Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 45. North America Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 46. North America Smart Elevator Market Value, By Country, 2022-2031, Million USD
TABLE 47. U.S. Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 48. U.S. Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 49. Canada Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 50. Canada Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 51. Europe Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 52. Europe Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 53. Europe Smart Elevator Market Value, By Country, 2022-2031, Million USD
TABLE 54. Germany Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 55. Germany Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 56. U.K. Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 57. U.K. Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 58. France Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 59. France Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 60. Italy Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 61. Italy Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 62. Spain Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 63. Spain Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 64. Rest of Europe Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 65. Rest of Europe Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 66. Asia-Pacific Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 67. Asia-Pacific Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 68. Asia-Pacific Smart Elevator Market Value, By Country, 2022-2031, Million USD
TABLE 69. China Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 70. China Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 71. Japan Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 72. Japan Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 73. South Korea Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 74. South Korea Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 75. India Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 76. India Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 77. Singapore Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 78. Singapore Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 79. Rest of Asia Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 80. Rest of Asia Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 81. Rest of World Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 82. Rest of World Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 83. Rest of World Smart Elevator Market Value, By Country, 2022-2031, Million USD
TABLE 84. Brazil Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 85. Brazil Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 86. Mexico Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 87. Mexico Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 88. South Africa Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 89. South Africa Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 90. Australia Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 91. Australia Smart Elevator Market Value, By Application, 2022-2031, Million USD
TABLE 92. ROW Countries Smart Elevator Market Value, By Solution, 2022-2031, Million USD
TABLE 93. ROW Countries Smart Elevator Market Value, By Application, 2022-2031, Million USD
ROW Countries Smart Elevator Market Value, By Application, 2022-2031, Million USD