Rising number of skyscrapers is increasing the demand for smart, fast, efficient and safe elevator systems. The pressure to produce high-quality and ultra modern elevator systems is increasing by the day. This is the significant reason for the expanding size and solutions of elevation automation market. Elevators or lifts are by far the best medium of travelling into vertical space, within the limitations of a building. They are convenient and time efficient, which makes them ideal to be used in all the important public places, corporate and government offices. Considering the amount of risk and safety majors involved, there is a rising demand for enhanced security features, which is currently driving this industry.
Evolution in Elevator Automation Systems
Elevator systems and technology has come a long way, from the early day lifts in coalmines. While the earliest usage of these machines was for transporting goods, it soon changed into transporting people in vertical space. Elevator safety has been a major cause of concern for the engineers and designers working in this transition. Apart from safety, speed, privacy and energy efficiency of these machines is also under major scrutiny. Constant technological advancements in these departments are increasing the rate of replacement of older systems, which is helping the revenue channels in the global elevator automation market.
Trends and Expectations
Improving standards of security and energy efficiency are boosting the segments of elevator automation and modernization. Both these segments deal with advanced technologies such as centralized control systems, higher speed, better controls, reduced operating costs, etc. They also deal with essential components like sensors, door access, lighting, motor, mechanical system and operating panels. Segmentation in the elevator automation market is based on the types of access and security controls, automation, modernization and geographical demands.
Segmentation
Security access to the elevators is available based on cards, biometrics, security touch screens and keypads. Building management system (BMS), sensors and controls, drives and motors are the basic automation types. Operating panels and security devices are basic aspects of automation. Thorough research of these segments and sub-segments provides valuable information about the market size, trends and forecasting reports. According to the recent market study, the global market is expected to reach to an estimated value of USD 16.45 billion by 2018.
Stringent government regulations to save operational costs, increasing demands for smart access controls, growing urbanization, global sporting events and introduction to advanced technologies like PORT or personal occupant requirement terminals will play key role in the overall growth of the elevator automation market.
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