France smart elevators market is estimated to grow considerably, at a CAGR of 14.2% during the forecast period. France is one of the most technologically advanced and modern countries, globally. The high urbanization rate in the country may augment the demand for high-rise buildings in the country. Courbevoie, Puteaux, and Paris are the major center for the construction of a skyscraper in the country. As per the Council on Tall Buildings and Urban Habitat (CTBUH), around 17 skyscraper construction has to be completed by 2024. In February 2017, the Government of France announced to build seven skyscrapers in the country in order to boost the business after Brexit. These skyscrapers will cater to the bankers, academics, and researchers who might be forced to migrate from London to Paris after Brexit.

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A considerable number of activities related to a smart elevator have been witnessed in the country in the coupe of years. In February 2019, ThyssenKrupp Elevator initiated digitally assisted services MAX in Paris. Max is an IoT based predictive maintenance technology developed by partnering with Microsoft. It was applied at Électricité de France (EDF) S.A. headquarter. The company signed an agreement with EDF for the maintenance of 585 elevators and 1,545 doors of all locations of EDF in the country.

The companies which are contributing to the growth of the France smart elevators market include ThyssenKrupp Elevator AG, Schindler Holding AG, KONE Corp., Hyundai Elevator Co. Ltd., and OTIS Elevator Corp. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in November 2018, Otis France inaugurated a new building to expand the presence in Gien. After the expansion of 2,000 sq-m building the workforce in the R&D department of the company is expected to increase to 130. The company also has a production facility in Roissy and Argenteuil and employs around 5,000 employs in the country. The company also introduced its first solar-powered elevator in France.

Research Methodology

The market study of the France smart elevators market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis of market size, various services offered by the players, and market opportunity. The report will serve as a source for 360-degree analysis of the market delivering insights for making better business decisions.

Market Segmentation

1. France Smart Elevators Market Research and Analysis by Type

2. France Smart Elevators Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the France smart elevators market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the France smart elevators market.
• Insights about market determinants which are stimulating the France smart elevators market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.