Product overview

In the high rise and multi-tenant buildings, the elevator security system can prove to be a valuable asset by providing improved safety, enhanced security, and lower operational cost. Although elevators are accessible in most commercial buildings with two or more floors, many facilities continue to provide unreliable access to elevators and lobbies. This creates a threat to safety that could put the owner, tenants, and premises at risk. Elevator protection systems have security and access controls to prevent unauthorized guests from accessing the facilities' secure areas. Elevator safety systems can be integrated with or operated as a standalone access control system in a building automation system. The tenants receive Smart cards and the elevator's card readers determine the floors on which people can access them. In order to provide 24-hour surveillance, CCTV cameras can be mounted in lift vehicles.

Market Highlights

Fatpos Global projects the elevator security system market to surpass USD XXXX Million by 2030, which is valued at XXXX Million in 2019 at a compound annual growth rate of XX. The market is anticipated to grow on the back of opportunities generated by the advent of rising commercial and residential transformation activities. In addition, Asia Pacific exec. Japan is developing rapid infrastructure and rising intelligent city projects. The demand for elevator security in North America is a major force driving the demand for this market.

Source: Fatpos Global

Recent Highlights in the Elevator security system market

In 2015, in order to support urbanization, Xizi Otis Elevator, Ltd., Otis Elevator Company subsidiary, China, has announced that 180 Gen2MR elevation units will be installed across nine permanent housing projects locating in Mudanjiang, Northern China

In 2014, KONE acquired Express Elevators Ltd. (Express), a UK-based company specializing in elevator security system installation, maintenance, repair, and modernization.

In 2015, Tyco presented Tyco On, an integrated platform for data and intelligent services. In order to improve the safety and security of elevator automation systems, this platform has a number of software-enabled Internet of Things(IoT) capabilities.

Elevator security system Market: Segments

The global market has been segmented on the basis of service, component, end-users. It has been further segmented on the basis of region into North America, Europe, Asia-Pacific, Mid East, and Africa.

The global Elevator security system Market is segmented by service into:

installation service, modernization service, and repair & maintenance service.

In the global smart elevator, automated systems market between 2010 and 2017, the modernization services subdivision is projected to reflect US$ 9,922.3 million absolute value demand

However, due to the increase in the construction of high-rise buildings, the sub-sector installation services are projected to take on a significant share of the market for smart and secure elevator automation.

In addition to this, Asia Pacific Exc. Japan is developing rapid infrastructure and increasing smart city projects. The demands for a secure elevator automation system are one of the prime factors in North America.

The global market is segmented by components into:

Card reader, building management system, biometric, touch screen and keypad, security and control system, sensors and motors, and automation system.

The Control system is expected to expand at a CAGR of 15%. This is due to improved management and protection in crowded buildings, these systems are becoming more common. Efficient crowd management is achieved through the deployment of access control systems. These systems include video surveillance, advanced access control, and fast connectivity parameters that guarantee a high level of safety and comfort for passengers.

Global Elevator Security System Market is segmented by end-user into:

The residential sector, commercial sector, hotels, and others.

The global Elevator security system market is segmented by regions and Countries:

The Asia Pacific smart elevator market is anticipated to grow at a CAGR of over 15% from 2019 to 2030 due to the increasing population and urbanization of countries including India, China, South Korea, Thailand, etc

Asia Pacific: China, Japan, India, and Rest of Asia Pacific

Europe: Germany, the UK, France, and Rest of Europe

North America: The US, Mexico, and Canada

Latin America: Brazil and Rest of Latin America

Middle East & Africa: GCC Countries and Rest of Middle East & Africa

Source: Fatpos Global

Global Elevator security system Market: Drivers and Restraints

Drivers

Infrastructure development

The last two decades have seen high rise residential buildings increase, with a lift being the best way to transport them. The most important task is to provide protection in residential buildings. The access to elevators and their floors should be allowed only to the residents of the buildings.

Rapid Urbanization

Rapid urbanization has led to an increase in demand for high-rise buildings in densely populated countries. This has further boosted the demand for the security system that the elevators need to have.

Rising demand for elevator automation system

Rising demand worldwide for elevator automation systems is driving the concern for building safety and security. The deployment also drives the adoption of intelligent elevator automation systems, including the deployment of security and control systems like a fire alarm, intrusion alarm, and control systems.

Restraints

Slow economic growth

The intelligent lift market relies on factors like construction and IT infrastructure that are affected in large countries due to predominant economic conditions. The economic slowdown and significant initial investments are therefore few factors that hinder this market 's growth.

The global Elevator security system market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y

Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y

Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium

Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia,

Turkey and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New

Zealand, Australia and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth,

CAGR – North Africa, Israel, GCC, South Africa

Global Elevator security system Market: Key Players

ThyssenKrupp Elevator AG (Germany)

Company Overview

Business Strategy

Key Product Offerings

Financial Performance

Key Performance Indicators

Risk Analysis

Recent Development

Regional Presence

SWOT Analysis

Otis Elevator Company (U.S.)

Schindler Group (Switzerland)

Mitsubishi Electric Corporation (Japan)

KONE Corporation (Finland)

Hitachi Ltd. (Japan)

Siemens Building technologies

Honeywell International Inc.

Other prominent players

The global Elevator security system market report also contains analysis on:

Elevator security system Market Segments:

Service

Installation service

Modernization service

Repair and maintenance

By component:

Card reader

Building management system

Biometric

Keypad

Security and control system

Sensors and monitor

By end-users

Residential sector

commercial sector

hotels

Elevator security system Market Dynamics

Elevator security system Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Global Elevator security system Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and

Who are the key players in the global Elevator security system market

What could be the challenging factors for the growth of the Elevator security system market

What are the growth drivers for the Elevator security system market

Contents

1. Executive Summary

2. Elevator security system

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Market Dynamics

5.1. Growth Drivers

5.2. Restraints

5.3. Opportunity

5.4. Trends

6. Correlation & Regression Analysis

6.1. Correlation Matrix

6.2. Regression Matrix

7. Recent Development, Policies&Regulatory Landscape

8. Risk Analysis

8.1. Demand Risk Analysis

8.2. Supply Risk Analysis

9. Elevator security system Industry Analysis

9.1. Porters Five Forces

9.1.1. Threat of New Entrants

9.1.2. Bargaining Power of Suppliers

9.1.3. Threat of Substitutes

9.1.4. Rivalry

9.2. PEST Analysis

9.2.1. Political

9.2.2. Economic

9.2.3. Social

9.2.4. Technological

10. Global Elevator security system Market

10.1. Market Size & forecast, 2019A-2030F

10.1.1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11. Global Elevator security system Market: Market Segmentation

11.1. By Regions

11.1.1. North America:(U.S. and Canada)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa)

• By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2. By service: Market Share (2020-2030F)

11.2.1. Installation service, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2.2. Modernization service, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.2.3. Repair and maintenance, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3. By component: Market Share (2020-2030F)

11.3.1. Card Reader, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.2. Building management system, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.3. Biometric, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.4. Oil & Gas, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.5. Touchscreen Keypad,By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.3.6. Sensor and motors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.4. By End user : Market Share (2020-2030F)

11.4.1. Residential sectors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.4.2. Commercial sectors, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

11.4.3. Hotels, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F

12. Company Profile

12.1. ThyssenKrupp Elevator AG (germany)

12.1.1. Company Overview

12.1.2. Company Total Revenue (Financials)

12.1.3. Market Potential

12.1.4. Global Presence

12.1.5. Key Performance Indicators

12.1.6. SWOT Analysis

12.1.7. Product Launch

12.2. Otis elevator Comapany (US)

12.3. Schinder Group (Switzerland)

12.4. Mitsubishi Electric corporation

12.5. KONE Corporation (Finland)

12.6. Hitachi Ltd.

12.7. Seimens Building technologies

12.8. Honeywell International Inc.

12.9. Other prominent players

13. Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)