Smart Lift Market in Residential Application to Grow at a CAGR of over 13% from 2019 to 2025
In the smart lift market, the residential application is forecast to observe significant growth during the projected timeframe. The application is growing due to the construction of technically advanced & automated residences, homes, and apartments across the globe. The lift manufacturers offer quick delivery and installation in residential projects and offer access control & maintenance systems that alert residents & building management about any issues related to malfunctioning, electricity cuts, etc.
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