Elevator Controller Market

Elevator Controller Market: Introduction

• An elevator controller controls the elevator manually or automatically. This controller develops a control algorithm to reduce the amount of time users are kept waiting for elevators.
• An elevator controller offers greater reliability, comfort, and aesthetics; ensures the safety of users and maintenance staff; and provides enhanced durability and recyclability in the operation of elevator systems in residential, commercial, and industrial spaces
• These features make the elevator controller most significant for residential and office buildings, shopping malls & centers, hotels, hospitals, train stations, and airports, which is expected to boost the market

Growing Adoption in Building & Construction Industry

• Based on the end-use industry, the global elevator controller market can be segmented into oil & gas, metal & mining, water & wastewater, building & construction, power & utility, and others (automotive, it & telecommunication, healthcare, energy, etc.)
• Among the end-use industries, building & construction is expected to be the fastest-growing industry for elevator controllers during the forecast period due to the increasing use of elevator controllers for ultra-high speed elevators
• Elevator controllers are mainly used in connected elevators, escalators, moving walks, and automated parking systems at retail shops, hospitals, malls, multi-use buildings, metro & railway stations, and airports. This factor is significantly driving the building & construction industry segment.
• Rise in adoption of elevator controllers in wastewater, mining, oil and gas industries for harbor cranes, hoisting equipment, industrial fans, water pumps, packaging, plastic & rubber processing is further propelling the market

North America & Europe to Lead Elevator Controller Market

• In terms of region, the global elevator controller market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
• North America is expected to hold a significant share of the global elevator controller market throughout the forecast period due to the rejuvenation of traditional building structures in countries such as the U.S. and Canada
• Elevator controllers are widely utilized in buildings & infrastructures due to the increasing need for efficient management of facilities at residential, commercial, and institutional buildings
• The elevator controller market in North America is driven by the rising urbanization; digitalization; proliferation of the internet of things (IoT) in municipalities; running investment in advanced factory automation solutions, enhanced safety and improved energy efficiency needs; and smart city initiatives in the U.S, for selected cities such as Fresno (California), Columbus (Ohio), Louisville (Kentucky), LaGrange (Georgia) and, Cedar Rapids, (Iowa) to enhance responsiveness of emergency services
• The elevator controller market in Asia Pacific and Europe is expected to expand at a significant rate during the forecast period due to increasing demand for elevator controllers from a wide range of industries such as automotive, consumer electronics, semiconductor, and IT and telecommunication. Moreover, the market is anticipated to be driven by leading countries such as India, China, Japan, Germany, France, and South Korea. The Middle East & Africa and South America elevator controller markets are projected to expand at a steady rate during the forecast period.

Key Players Operating in Global Elevator Controller Market

Key players operating in the global elevator controller market are engaged in developing technologically advanced products to meet the rising demand for elevator controllers. Furthermore, several manufacturers are focusing on strategic mergers and acquisitions of local manufacturers and system designers to strengthen their product offerings and expand their geographic reach.

Leading players operating in the global elevator controller market include:

• Schumacher Elevator Company
• Elevator Systems (ESI)
• Lift Solutions, Inc.
• BSB Elevator
• STEP Electric Corporation
• PACOM Systems Pty. Ltd.
• NOVA ELEVATOR PARTS CO., LTD.
• TK Elevator

Global Elevator Controller Market: Research Scope

Global Elevator Controller Market, by Use

• Residential
• Commercial
• Industrial
• Others (Airports, Railway & Metro Stations, etc.)

Global Elevator Controller Market, by End-use Industry

• Oil & Gas
• Metal & Mining
• Water & Wastewater
• Building & Construction
• Power & utility
• Others (Automotive, IT & Telecommunication, Healthcare, Energy, etc.)

Global Elevator Controller Market, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • ASEAN
  • Rest of Asia Pacific
• South America
  • Brazil
  • Mexico
  • Rest of South America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa