The Elevator and Escalator market was valued at USD 11.97 billion in 2019 and is expected to reach USD 18.34 billion by 2027, growing at a CAGR of 5% from 2021 to 2027.
With the growth of the global construction market, construction companies around the world are focusing on reducing energy consumption levels and plan to achieve green building certifications such as Building Research Establishment Environmental Assessment Method (BREEAM) and Leadership in Energy and Environmental Design (LEED). This is helping the growth of the elevator and escalator market with a focus on reducing overall energy consumption levels.
A full report of Elevator and Escalator Market available at https://www.orionmarketreports.com/elevators-and-escalators-market/27748/
Key Players: The global market for elevators and escalators is dominated by players such as KONE Corporation (Finland), United Technologies (U.S.), Schindler (Switzerland), Mitsubishi Electric Corporation (Japan), ThyssenKrupp AG (Germany), FUJITEC (Japan), Hitachi Ltd. (Japan), Hyundai Elevator Co., Ltd. (South Korea), Toshiba Corporation (Japan), and Electra Ltd. (Israel).
Thermal Energy Storage (TES) Market- Segmentation
By Type:
• Elevators (passenger, freight, single, and double deck elevators)
• Escalator
• Moving walkways
By Service:
• New installation
• Maintenance & repair
• Modernization
By Technology:
• Elevator technology (traction with a room, machine room less traction, hydraulic)
By End-use Industry:
• Residential
• Commercial
• Institutional
• Infrastructure
• Others (industrial and marine industry)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
