Energy Efficient Elevators Market - Global Industry Analysis

Energy Efficient Elevators Market - Global Industry Analysis

Elevators have become a necessity in buildings accounting to many reasons such as number of floors in a building, easy transfer of heavy loads and the time takes by the elevator when compared to its other counterpart. Existence of Elevators has increased the efficiency of our day to day lifestyle, but on the other hand it consumes some amount of energy which collectively makes up to immense amount of energy used.

Browse - Market Tables, Figures and an in-depth TOC on "Energy Efficient Elevators Market".

Traditional elevators use about 4% of the electricity in buildings. Many unexploited saving possibilities exist with respect to energy efficient technologies, investment decisions and innovative approaches. The need to making this existing elevator system has given rise to the Energy Efficient Elevators Market.

Energy efficient elevators operate on advanced systems like sensors, controllers, motors and drivers which help consume less energy and decreases the waiting time of passengers. According to KONE, a leading elevators manufacturing company in the world, buildings account for 40% of global energy consumption. Rising energy costs and increasing global awareness of protecting the environment have brought a global reconsideration in the planning, building and modernization of buildings.

Elevator manufacturers are producing premium elevators which not only consume less energy but also are very compact, efficient and also generate electricity in some cases using regenerative braking to support the system. In which the elevators will give back some amount of energy back it has consumed.

Energy Efficient Elevators Market is ascending with the increase in demands for elevators in residential, commercial, office infrastructures and others. Statistics regarding the installation of elevators reveal that residential buildings account for 64%, followed by 14% in office...

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