ELEVATOR CONTROL MARKET ANALYSIS

Regional Analysis

Global Elevator Control Market: Regional Insights

Among regions, North America is anticipated to witness substantial growth in the global elevator control market during the forecast period. The growth of this region is due to increasing number of residential and commercial buildings integrated with smart and automated technologies in the region. These buildings with the use of IoT, pervasive wireless connectivity, machine learning technologies, and artificial intelligence, are producing data that is useful for improvement of sustainability and efficiency. Thus, the number of such buildings will increase across the region in the near future, which in turn will drive growth of the market.

Asia Pacific is projected to witness strong growth in the global elevator control market during the forecast period, owing to strong presence of multinational companies in the region. These companies offer several opportunities in the developing markets in terms of reduce cost of labor and in terms of infrastructure. Moreover, emerging novel economics and rise in focus on industrialization across the region is also supporting growth of the market during the forecast period.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa