Dublin, Dec. 06, 2017 (GLOBE NEWSWIRE) -- The "Elevator Modernization Market to 2025-Global Analysis and Forecasts" report has been added to Research and Markets' offering.

The "Global Elevator Modernization Market Analysis to 2025" is a specialized and in-depth study of the elevator modernization industry with a focus on the global market trend.

The report aims to provide an overview of global elevator modernization market with detailed market segmentation by type, component, end users and geography. The global elevator modernization market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

Elevator Modernization is the process of reforming the critical parts in order to handle new technology so that it improves performance and safety. Elevators are designed with a service life of about 30-40 years. One of the important considerations in elevator modernization is compliance with codes and safety standards.

The key factors influencing the growth in elevator modernization is the concern towards energy efficiency, emission of carbon dioxide gases and emphasis majorly on safety measures. Elevators are a major part of commercial, residential, institutional and other applications. When an elevator is taken out of service for modernization, the remaining elevators will have to bear that extra load.

This means that the possibility of breakdown increases which act as one of the restraining factors in the growth of elevator modernization. The future trend of elevator modernization is the implementation of destination-based elevators to avoid huddling over elevator doors in the peak hours.

Key Topics Covered:

1 Introduction

2 Key Takeaways

3 Elevator Modernization Market Landscape

• Market Overview
• Market Segmentation
• PEST Analysis

4 Elevator Modernization Market-Key Industry Dynamics

• Key Market Drivers
• Key Market Restraints
• Key Market Opportunities
• Future Trends
• Impact Analysis

5 Elevator Modernization Market Analysis-Global

• Global Elevator Modernization Market Overview
• Global Elevator Modernization Market Forecasts and Analysis

6 Elevator Modernization Market Revenue and Forecasts to 2025-Type

• Type Market Forecasts and Analysis
• Hydraulic Market
• Traction Market

7 Elevator Modernization Market Revenue and Forecasts to 2025-Component

• Component Market Forecasts and Analysis
• Power Units
• Cabin Enclosures Market
• Controllers Market
• Signaling Fixtures Market
• Door Equipment Market
• Others Market

8 Elevator Modernization Market Revenue and Forecasts to 2025-End User

• End User Market Forecasts and Analysis
• Industrial Market
• Residential Building Market
• Institutional Market
• Marine Market
• Commercial Market
• Others Market

9 Elevator Modernization Market Revenue and Forecasts to 2025-Geographical Analysis

10 Industry Landscape

11 Competitive Landscape

12 Elevator Modernization Market, Key Company Profiles

• Fujitec Co., Ltd.
• Hitachi, Ltd.
• Hyundaielevator Co., Ltd.
• KONE Corporation
• Mitsubishi Electric Corporation
• Schindler Holding Ltd.
• Siemens AG
• thyssenKrupp AG
• Toshiba Corporation.
• United Technologies Corporation

For more information about this report visit https://www.researchandmarkets.com/research/h4d5wt/elevator

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