Press release
Elevator and Escalators Market Is Likely to Experience a Tremendous Growth by 2029
Apart from this, elevators and escalators are becoming faster, more efficient, and safer owing to several technologies such as Internet-of-Things (IoT), and others. IoT-enabled smart elevators and escalators have advanced sensors that capture critical, real-time condition monitoring information for informed decisions. Besides, IoT sensors give better data visibility about elevator/escalator health, live equipment status, traffic performance, and availability. Thus, the IoT-powered elevator and escalator market is projecting an immense potential to grow over the forecast period. As a result, the elevator and escalator manufacturers are also focusing on developing IoT integrated digital elevator platforms to cater the market growth. For instance, in June 2021, Otis Worldwide Corp. launched the new generation of digitally native elevators created to give people freedom to connect and thrive in a taller, faster, smarter world. Otis revealed the Otis Gen3™ and Gen360™ digital elevator platforms during Welcome to Tomorrow, a global virtual event with customers, colleagues, and other industry stakeholders from more than 100 countries. Gen3™ elevator added built-in IoT benefits to flat-belt technology of Otis' best-selling Gen2 system. Gen360™ elevator debuted new electronic architecture with reimagined design, safety, service, experience and support.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Technology
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes Hitachi, Ltd., Hyundai Elevator Co., Ltd., KONE Corp., Schindler Group, Otis Worldwide Corp., among others.
Elevator and Escalators Market Report Segment
By Technology
Hydraulic
Traction
Machine Room-Less
By Type
Elevator
Escalator
Moving Walkways
By Application
Residential
Corporate Office
Hypermarkets
Malls
Others (Industrial)
A full Report of Elevator and Escalators Market is Available @ https://www.omrglobal.com/industry-reports/elevator-and-escalator-market
Elevator and Escalators Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
3Phase Elevator
Advance Lifts Inc.
Bonsdag Industries Pvt. Ltd.
Bucher Industries AG
Canny Elevator Co., Ltd.
CIRCOR International Inc.
Custom Elevator Manufacturing Inc.
Delta Elevator Co. Ltd.
Fujitec Co., Ltd.
GMV Polska Sp. z o.o.
Kleeman Hellas S.A.
Mitsubishi Electric Corp.
Orona S. Coop.
TK Elevator GmbH
Toshiba Elevator and Building Systems Corp.
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
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Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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