Smart Elevator Market Outlook 2025 |The Insight Partners Smart Elevator Market Outlook 2025 |The Insight Pa | страница 4
Smart Elevator Market to 2025
North America dominates the global smart elevator market. However, Asia Pacific is predicted to witness high
growth in the future due to technological advancements, rising urbanization, infrastructural developments and high
purchasing power of individuals. Rapid economic growth and industrialization, chiefly in Asia Pacific and South
America, along with rising inclination of vendors towards automation is anticipated to increase the demand for this
technology. The rising number of tall buildings has increased the demand for speedy, comfortable, well-organized,
and safe vertical transportation system. Besides, statutory requirements and global green infrastructure standards
are influential in compelling deployment of smart elevators in new constructions along with current ones.
Some of the chief players operating within the global smart elevator market include Bosch Security Systems, Fujitec,
Hitachi Ltd., Mitsubishi Electric Corporation, Schneider Electric, Hyundai Elevator Co. Ltd., Otis Elevator Company,
ThyssenKrupp Elevator and Honeywell International among others.
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