| Product Code: ETC5578907 | 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 |
The smart elevator market in Sweden continues to thrive with strong import shipments from key exporting countries such as Germany, Spain, China, Latvia, and Hungary in 2024. The low Herfindahl-Hirschman Index (HHI) indicates a healthy level of competition in the market. Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period 2020-2024 stands at an impressive 14.58%, reflecting the sustained expansion and adoption of smart elevator technology in the country.
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 Sweden Smart Elevator Market Overview |
3.1 Sweden Country Macro Economic Indicators |
3.2 Sweden Smart Elevator Market Revenues & Volume, 2021 & 2031F |
3.3 Sweden Smart Elevator Market - Industry Life Cycle |
3.4 Sweden Smart Elevator Market - Porter's Five Forces |
3.5 Sweden Smart Elevator Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Sweden Smart Elevator Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.7 Sweden Smart Elevator Market Revenues & Volume Share, By Service, 2021 & 2031F |
4 Sweden Smart Elevator Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing urbanization and infrastructure development in Sweden leading to high demand for smart elevators. |
4.2.2 Growing focus on energy efficiency and sustainability, driving the adoption of smart elevators in buildings. |
4.2.3 Technological advancements in elevator systems, such as IoT integration, artificial intelligence, and cloud-based solutions, enhancing the appeal of smart elevators. |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with installing smart elevator systems, limiting adoption among budget-constrained buildings. |
4.3.2 Concerns regarding cybersecurity and data privacy in smart elevator systems, leading to hesitancy in implementation. |
4.3.3 Potential disruptions in supply chains and manufacturing processes affecting the availability of smart elevator components. |
5 Sweden Smart Elevator Market Trends |
6 Sweden Smart Elevator Market Segmentations |
6.1 Sweden Smart Elevator Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Sweden Smart Elevator Market Revenues & Volume, By Control System, 2021-2031F |
6.1.3 Sweden Smart Elevator Market Revenues & Volume, By Maintenance System, 2021-2031F |
6.1.4 Sweden Smart Elevator Market Revenues & Volume, By Communication System, 2021-2031F |
6.2 Sweden Smart Elevator Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Sweden Smart Elevator Market Revenues & Volume, By Residential, 2021-2031F |
6.2.3 Sweden Smart Elevator Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 Sweden Smart Elevator Market Revenues & Volume, By Institutional, 2021-2031F |
6.3 Sweden Smart Elevator Market, By Service |
6.3.1 Overview and Analysis |
6.3.2 Sweden Smart Elevator Market Revenues & Volume, By New Installation, 2021-2031F |
6.3.3 Sweden Smart Elevator Market Revenues & Volume, By Maintenance, 2021-2031F |
6.3.4 Sweden Smart Elevator Market Revenues & Volume, By Renovation, 2021-2031F |
7 Sweden Smart Elevator Market Import-Export Trade Statistics |
7.1 Sweden Smart Elevator Market Export to Major Countries |
7.2 Sweden Smart Elevator Market Imports from Major Countries |
8 Sweden Smart Elevator Market Key Performance Indicators |
8.1 Energy savings achieved through the use of smart elevator systems. |
8.2 Reduction in maintenance costs and downtime with the implementation of predictive maintenance solutions. |
8.3 Increase in building efficiency and tenant satisfaction levels due to smart elevator features like destination control systems. |
8.4 Number of new smart elevator installations in Sweden over a specific period. |
8.5 Percentage of buildings in Sweden equipped with smart elevator systems. |
9 Sweden Smart Elevator Market - Opportunity Assessment |
9.1 Sweden Smart Elevator Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Sweden Smart Elevator Market Opportunity Assessment, By Application , 2021 & 2031F |
9.3 Sweden Smart Elevator Market Opportunity Assessment, By Service, 2021 & 2031F |
10 Sweden Smart Elevator Market - Competitive Landscape |
10.1 Sweden Smart Elevator Market Revenue Share, By Companies, 2024 |
10.2 Sweden 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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