Smart Elevator Market Growth Analysis to 2025: Hitachi, Honeywell, KONE Corporation, Mitsubishi Electric, Otis Elevator Co., Thyssenkrupp Elevator, Toshiba
Smart elevator market share, in the years to come, will be propelled by rapid urbanization accompanied by growing volume of high-rise structures in the metropolitan cities. The increasing prevalence of huge residential and commercial establishments require intelligent elevators for efficient crowd management and faster commuting. These intelligent lift solutions come integrated with smart technologies such as IoT for connectivity and access control to enhance the security and energy efficiency of the elevator operations.
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