openPR Logo
Press release

Smart and Connected Elevators and Elevators Control Systems Market- Automated or smart elevators make use of artificial intelligence (AI) to enable vertical transportation of commodities and passengers

01-03-2019 12:32 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

Smart and Connected Elevators and Elevators Control Systems

Automated or smart elevators make use of artificial intelligence (AI) to enable vertical transportation of commodities and passengers. Smart or connected elevators are increasingly being used in buildings such as hotels, residences, arenas, hospitals, sports facilities, offices and airports among others. These are designed so as to minimize overall energy consumption and manage passenger traffic efficiently within a building. Smart elevators make use of automation technology and minimize waiting time by efficient traffic management in commercial, residential and various other buildings. Technologies incorporated in these units include biometrics, destination access and dispatching control systems, digital security control system and touch screen control among others. However, substantial initial costs of installation for smart elevators limit their use worldwide. Battery backup, alarm, door interlocks, leveling device, brake system with speed sensor, evacuation latch and fire and earthquake emergency return and many more are all a part of the elevator control system. With the advancement and innovation of technology and changing building infrastructure these control systems are becoming all the more versatile in order to securely manage building traffic.

Get PDF Brochure for Detailed Analysis of this Research @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=7337

The deployment of automation to the elevator systems reduces the wait time, increases efficient management of the traffic in residential, commercial and institutional buildings. The improvement in management at these facilities with the incorporation of automated solutions has driven the elevator automation market. As these elevators are employed with automated features and consume less power they have been widely adopted by contractors worldwide. The restriction imposed by the government on construction projects to reduce operational cost by introduction of automated facilities within the elevator has increased the demand for this market. The increased concern for development and security of the building premises has lead to the rise in demand for the elevator automation market. Urbanization and increased expenditure on constructional projects has driven the smart and connected elevators and elevators control systems market. The incorporation of latest technologies namely personal occupant requirement terminal (PORT) and dispatch destination has substantially increased the demand for this market.

Download Report TOC for in-depth analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=T&rep_id=7337

Modernization of traditional building structures in countries such as UK, the U.S., Canada and France has contributed majorly to the growth of smart elevator market. Moreover, expanding building infrastructure across developing economies especially in Asia Pacific has escalated need for comfortable, secure, efficient and quick vertical transportation.

About Us:

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us:

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Smart and Connected Elevators and Elevators Control Systems Market- Automated or smart elevators make use of artificial intelligence (AI) to enable vertical transportation of commodities and passengers here

News-ID: 1468686 • Views:

More Releases from Transparency Market Research

Automotive Tinting Film Market to be Worth USD 7.5 Bn by 2035 - By Film Type / By Vehicle Type / By Application | U.S. • China • India • Germany
Automotive Tinting Film Market to be Worth USD 7.5 Bn by 2035 - By Film Type / B …
The global automotive tinting film market was valued at US$ 4.8 billion in 2024 and is projected to reach US$ 7.5 billion by 2035, expanding at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2035. This steady growth reflects the increasing adoption of tinting films across passenger and commercial vehicles, supported by growing consumer awareness regarding comfort, safety, and vehicle preservation. Preview crucial insights and findings from our
Global Meat Substitutes Market Poised for Robust Growth, set to Reach 20,100.0 Mn by 2035 | Transparency Market Research
Global Meat Substitutes Market Poised for Robust Growth, set to Reach 20,100.0 M …
The global meat substitutes market is undergoing a rapid transformation, emerging as one of the most dynamic and fast-evolving segments within the global food industry. According to the latest industry analysis, the market was valued at US$ 7,532.3 Mn in 2024 and is projected to reach US$ 20,100.0 Mn by 2035, expanding at a healthy compound annual growth rate (CAGR) of 9.4% from 2025 to 2035. This strong growth trajectory
Wrist Dive Computer Market Outlook 2035: Global Market to Grow from US$ 258.6 Mn to US$ 436.9 Mn by 2035 at a CAGR of 4.9%
Wrist Dive Computer Market Outlook 2035: Global Market to Grow from US$ 258.6 Mn …
The global wrist dive computer market is steadily expanding as recreational and professional diving activities gain popularity worldwide. Valued at US$ 258.6 million in 2024, the market is projected to reach US$ 436.9 million by 2035, growing at a compound annual growth rate (CAGR) of 4.9% from 2025 to 2035. This growth reflects rising participation in scuba and freediving, increasing safety awareness among divers, and continuous innovation in wearable dive
NOR Flash Market Outlook 2035: Automotive Electronics-Driven Growth to US$ 11.5 Billion by 2035 at 7.8% CAGR
NOR Flash Market Outlook 2035: Automotive Electronics-Driven Growth to US$ 11.5 …
The global NOR Flash Market(https://www.transparencymarketresearch.com/nor-flash-market.html) was valued at US$ 2.6 Bn in 2024 and is projected to reach US$ 11.5 Bn by 2035, expanding at a compound annual growth rate (CAGR) of 7.8% from 2025 to 2035. This sustained growth trajectory reflects the rising importance of reliable, fast-boot, and high-endurance non-volatile memory in embedded systems. Unlike data-centric storage technologies, NOR Flash remains indispensable for code storage, firmware execution, and mission-critical

All 5 Releases


More Releases for Smart

Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order
Internet of Things (IoT) Devices Market By Type (Computing Devices, Smart Media, …
On a global scale, the Internet of Things (IoT) Devices market is currently showing significant development. The innovative methods and market study have helped many of the major players Samsung Electronics, Apple, Lenovo, ASUS, Acer, Huawei, Coolpad, LG Electronics, Google, Panasonic, Microsoft, Brother Industries, Honeywell, Fitbit, Lenovo to carve a name for themselves in the competitive global market. The Internet of Things (IoT) Devices market is experiencing a massive growth
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands also has great examples of emerging
Global Smart Infrastructure - A Smart Approach To Smart Cities In 2016
The global smart city transformation is underway Slowly but surely we are beginning to see a transformation take place in many parts of the world, as governments and councils realise they need to take a holistic approach to future city-wide development. In Australia, for example, we see that Adelaide, Canberra, Newcastle, Lake Macquarie, Sydney, Ipswich and Sunshine Coast have all been identified as being among the leading smart cities. The Netherlands
Smart Kitchen Appliances Market ( Smart Refrigerators, Smart Dishwashers, Smart …
The rising demand for smart kitchen appliances is linked to their premium design that offers better effectiveness and more comfort than their traditional counterparts. With energy efficiency at its core, the global market for smart kitchen appliances is expected to surge at a robust pace in the near future.In a report titled “Smart Kitchen Appliances Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022,” Transparency