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Smart and Connected Elevators and Elevators Control Systems Market- Automated or smart elevators make use of artificial intelligence (AI) to enable vertical transportation of commodities and passengers

01-03-2019 12:32 PM CET | IT, New Media & Software

Press release from: Transparency Market Research

Smart and Connected Elevators and Elevators Control Systems

Automated or smart elevators make use of artificial intelligence (AI) to enable vertical transportation of commodities and passengers. Smart or connected elevators are increasingly being used in buildings such as hotels, residences, arenas, hospitals, sports facilities, offices and airports among others. These are designed so as to minimize overall energy consumption and manage passenger traffic efficiently within a building. Smart elevators make use of automation technology and minimize waiting time by efficient traffic management in commercial, residential and various other buildings. Technologies incorporated in these units include biometrics, destination access and dispatching control systems, digital security control system and touch screen control among others. However, substantial initial costs of installation for smart elevators limit their use worldwide. Battery backup, alarm, door interlocks, leveling device, brake system with speed sensor, evacuation latch and fire and earthquake emergency return and many more are all a part of the elevator control system. With the advancement and innovation of technology and changing building infrastructure these control systems are becoming all the more versatile in order to securely manage building traffic.

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The deployment of automation to the elevator systems reduces the wait time, increases efficient management of the traffic in residential, commercial and institutional buildings. The improvement in management at these facilities with the incorporation of automated solutions has driven the elevator automation market. As these elevators are employed with automated features and consume less power they have been widely adopted by contractors worldwide. The restriction imposed by the government on construction projects to reduce operational cost by introduction of automated facilities within the elevator has increased the demand for this market. The increased concern for development and security of the building premises has lead to the rise in demand for the elevator automation market. Urbanization and increased expenditure on constructional projects has driven the smart and connected elevators and elevators control systems market. The incorporation of latest technologies namely personal occupant requirement terminal (PORT) and dispatch destination has substantially increased the demand for this market.

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Modernization of traditional building structures in countries such as UK, the U.S., Canada and France has contributed majorly to the growth of smart elevator market. Moreover, expanding building infrastructure across developing economies especially in Asia Pacific has escalated need for comfortable, secure, efficient and quick vertical transportation.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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