Asia-Pacific smart elevators market is estimated to grow significantly, at a CAGR of 14.7% during the forecast period. Asia-Pacific smart elevators market occupied a major share in the global smart elevators market, owing to the rising installations of smart elevators across commercial and residential buildings coupled with the skyscraper projects in the region. Some of the major skyscraper buildings undergoing in China include Goldin Finance 117, Greenland Centre (Xi’an), and Wuhan Greenland Center (Wuhan). This is primarily driving the demand for smart elevators in skyscrapers in the country.
Smart elevators are operated by the user that pushes a button and set their destination. Afterwards, an indicator directs the user to the elevator that will take them to the floor in the shortest amount of time. Therefore, smart elevators have a crucial role in skyscrapers. Rising smart city projects are further strengthening the growth of the market in the region. As per the German Asia-Pacific Business Association, the Chinese government is pushing the development of smart cities counting nearly 500 pilot projects. Smart cities have buildings with many floors, which contributes to the demand for smart elevators to offer convenience to the users, primarily the elderly population.
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Asia-Pacific Smart Elevators Market Segmentation
By Type
- Passenger
- Freight
By Application
- Residential
- Commercial
- Industrial
- Others
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Company Profiles
- Bosch Security Solutions GmbH
- Fujitec Co., Ltd.
- Hitachi Ltd.
- Honeywell International Inc.
- Hyundai Elevator Co. Ltd.
- Johnson Controls Inc.
- Kleemann Hellas SA
- KONE Corp.
- Mitsubishi Electric Corp.
- OTIS Elevator Corp. (A United Technologies Co.)
- Schindler Holding AG
- ThyssenKrupp Elevator AG
- Toshiba Elevators and Building Systems Corp.
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