Smart Elevator Automation System Market is projected to grow significantly to reach US$ 36,417.8 Mn by 2027 | FMI

In terms of value, the global smart elevator automation system market is expected to grow at a CAGR of 14.3% during the forecast period. The global smart elevator automation system market was valued at US$ 8,487.6 Mn in 2016, and is projected to grow significantly to reach US$ 36,417.8 Mn by 2027 owing to increasing construction of …

Elevator and Escalator Market to Expand at 6.6 % CAGR Through 2021-2030

As per FMI, the global elevator and escalator market is slated to record a 6.6% CAGR over the assessment period, 2020-2030. The growth is primarily attributed to the rapid expansion of building and construction activities across the globe. Players operating in the market are focusing on innovative technologies to make their products eco-friendly and safer. Although the …