Elevator Automation Systems

The Elevator Automation Systems Market Research Study delivers current market analysis plus a five year market and technology forecast.

Sustainable Elevator Automation Systems Are Gaining Traction

Over 12 million elevators are in operation around the globe, which move more than a billion people each day.  This makes elevators the most frequently used mode of transport in the world – well ahead of cars, planes, or any other mode of transport. 

Nowadays, building operators are searching for ways to control energy expenditures and improve energy conservation efforts.  On an average, a building elevator system consumes 1-3 percent of the total electricity load of the building.  But in the case of tall buildings (above 50 floors), the load may go well above 5 percent.  

Many utilities and government regulations offer financial incentives via taxes, grants, loans, or other methods to reduce the energy consumption of existing buildings.

Forecast data shows that building energy consumption in developed economies is higher than that in emerging economies.  However, the rising living standards of consumers and their increasing demand for personalized user experiences in developing countries are expected to increase the energy consumption of commercial buildings with elevator systems, leading to a surge in total building overhead expenses.  This increase in energy consumption and overhead costs in turn will propel the demand for sustainable elevator automation systems across various sectors. 

Elevator Automation Systems Strategic Issues

This report provides strategic market information and guidance for the worldwide elevator automation system market.  The report includes quantitative assessments and forecasts of elevator automation system products and segmentation as well as discussions of world regions, system types, revenue categories, and facility types.  It addresses key questions relative to elevator automation system product, such as: 

• How large is the market potential?  
• Which regions contain the largest markets?
• Which system types will be the largest investment areas?

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