Smart Elevators and Escalators Market

Smart Elevators and Escalators Market - Infrastructural Development in Emerging Economies a Boon

Feeding-off rapid infrastructural development across emerging economies and driven by the trend of energy efficiency, a fresh business intelligence report by Transparency Market Research (TMR) has projected the demand in the global smart elevators and escalators to expand at a formidable CAGR of 6.8% during the forecast period of 2017 to 2023. However, despite the fruitfulness of the market for smart elevators and escalators, the analyst of the report has

Rising Focus on Green Construction Activities to Boost Demand for Smart Elevators and Escalators

The highly consolidated smart elevators and escalators market is dominated by few large companies operating amid intense competition in the race to increase their operational footprint across the globe. The four largest vendors in the market – Otis Elevator Company, Schindler Holdings Ltd., ThyssenKrupp AG, and Kone Corporation, accounted for a massive cumulative share of nearly 61% in 2015, and have bagged several major national and international projects in the past

Rising Focus on Green Construction Activities to Boost Demand for Smart Elevators and Escalators

According to the United Nations, the world is presently witnessing the largest wave of urban development. For the very first time in the history of the world, more than half the world’s population is residing in urban dwellings. The swelling number of urban-living population is expected to rise to nearly 5 bn by 2030. The trend of urbanization will lead to the construction of taller commercial and domestic dwellings so