Commercial application to beef up the smart elevator market growth

The latest publication by AMR titled ““Global Smart Elevator Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020,” states the global smart elevator market to attain a value of “Global Smart Elevator Market - Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013 – 2020. The report provides excellent facts and figures for the market participants to understand the competitive scenario of the market.

The commercial application of the smart elevators market would prove a boon for the growth of the overall market.

The commercial applications where smart elevators are being used are offices, hotel & lodgings, healthcare, financial institutions and retail (malls and multiplexes). The design and capacity of the elevators differs in all the sectors. i.e., residential buildings have lesser inter floor traffic as compared to commercial buildings; therefore, the capacity and the passenger capacity varies; whereas, in healthcare sector, hospitals require deeper elevators to take stretchers. In malls and multiplexes, vandal proof material of smart elevator is required. In addition to this, spacious and ride comfort elevators are essential in retail and warehouses. Therefore, the elevators are designed according to the purpose of the elevator.





“Elevators consume large amount of energy in large commercial buildings where there is more inter-floor traffic of people. Therefore, giant players in the market are innovating solutions that would consume less power and provide same customer experience, i.e. Smart Elevators,” states AMR analyst.

For instance, Mitsubishi has developed a multi-elevator smart technology in 2011 that reduces energy consumption approximately up to 10%. The smart technology focuses on operational efficiency during peak hours of rush and on the other hand maximizes energy reduction during lull times.

Analyst further adds “For instance, Mitsubishi has developed a multi-elevator smart technology in 2011 that reduces energy consumption approximately up to 10%. The smart technology focuses on operational efficiency during peak hours of rush and on the other hand maximizes energy reduction during lull times. ”

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