| Product Code: ETC5578846 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Ireland`s smart elevator import market continued to thrive with key suppliers from the USA, UK, Germany, China, and Canada. The market saw a shift towards lower concentration levels, indicating increased diversification among suppliers. Despite a slight decline in growth rate from 2023 to 2024, the impressive compound annual growth rate (CAGR) of 29.0% over the period of 2020-24 underscores the sustained expansion and demand for smart elevator technology in Ireland. This trend suggests a promising outlook for the industry`s future developments and potential opportunities for further market expansion.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Ireland Smart Elevator Market Overview |
3.1 Ireland Country Macro Economic Indicators |
3.2 Ireland Smart Elevator Market Revenues & Volume, 2021 & 2031F |
3.3 Ireland Smart Elevator Market - Industry Life Cycle |
3.4 Ireland Smart Elevator Market - Porter's Five Forces |
3.5 Ireland Smart Elevator Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Ireland Smart Elevator Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 Ireland Smart Elevator Market Revenues & Volume Share, By Service, 2021 & 2031F |
4 Ireland Smart Elevator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and infrastructure development in Ireland, leading to a rise in commercial and residential construction projects. |
4.2.2 Growing focus on energy efficiency and sustainability, driving the demand for smart elevator solutions that reduce energy consumption. |
4.2.3 Technological advancements and innovations in smart elevator systems, offering enhanced safety features, improved user experience, and better operational efficiency. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing smart elevator systems, which may deter some property developers and building owners. |
4.3.2 Limited awareness and understanding of the benefits of smart elevators among potential customers, leading to slower adoption rates. |
4.3.3 Regulatory challenges and building codes that may need to be updated to accommodate smart elevator technologies. |
5 Ireland Smart Elevator Market Trends |
6 Ireland Smart Elevator Market Segmentations |
6.1 Ireland Smart Elevator Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Ireland Smart Elevator Market Revenues & Volume, By Control System, 2021-2031F |
6.1.3 Ireland Smart Elevator Market Revenues & Volume, By Maintenance System, 2021-2031F |
6.1.4 Ireland Smart Elevator Market Revenues & Volume, By Communication System, 2021-2031F |
6.2 Ireland Smart Elevator Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Ireland Smart Elevator Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Ireland Smart Elevator Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Ireland Smart Elevator Market Revenues & Volume, By Institutional, 2021-2031F |
6.3 Ireland Smart Elevator Market, By Service |
6.3.1 Overview and Analysis |
6.3.2 Ireland Smart Elevator Market Revenues & Volume, By New Installation, 2021-2031F |
6.3.3 Ireland Smart Elevator Market Revenues & Volume, By Maintenance, 2021-2031F |
6.3.4 Ireland Smart Elevator Market Revenues & Volume, By Renovation, 2021-2031F |
7 Ireland Smart Elevator Market Import-Export Trade Statistics |
7.1 Ireland Smart Elevator Market Export to Major Countries |
7.2 Ireland Smart Elevator Market Imports from Major Countries |
8 Ireland Smart Elevator Market Key Performance Indicators |
8.1 Energy savings achieved by smart elevator systems in buildings. |
8.2 Number of new construction projects integrating smart elevator solutions. |
8.3 Customer satisfaction ratings and feedback on the usability and functionality of smart elevators. |
8.4 Percentage increase in the adoption rate of smart elevator systems in Ireland. |
8.5 Average wait time and travel time reduction provided by smart elevator systems. |
9 Ireland Smart Elevator Market - Opportunity Assessment |
9.1 Ireland Smart Elevator Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Ireland Smart Elevator Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 Ireland Smart Elevator Market Opportunity Assessment, By Service, 2021 & 2031F |
10 Ireland Smart Elevator Market - Competitive Landscape |
10.1 Ireland Smart Elevator Market Revenue Share, By Companies, 2024 |
10.2 Ireland Smart Elevator Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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