Technologies that Drive Smart Escalators And Elevators

Fremont, CA: Elevators and escalators, introduced in the 1800s, became a key driver of the vertical development needed to urbanize cities. The internet of things (IoT), artificial intelligence (AI), and embedded technologies have had a significant impact on vertical transportation, which is growing rapidly due to increasing urbanization, advances in the real estate sector, and the rise of multi-storage residential and commercial buildings around the world. According to MarketsandMarkets forecast, the smart elevator market is expected to reach 26.69 billion dollars by 2022.

In the last few years, smart elevators and escalators have rapidly advanced by leveraging leading-edge technologies to improve safety and security, enhance the energy efficiency, and make crowd control efficient. And in the new norm, suppliers have been using more disruptive technologies to create “contactless” solutions.

Let’s take a look at some of the trends that are navigating the innovation of smart elevators and escalators.

1. The IoT Impact

IoT-connected elevators and escalators are leading the way in technology and innovation. Leaders in this space have partnered with established leaders in cognitive computing to drive breakthrough innovations that reduce malfunctions, shorten repair times, and give customers peace of mind. Elevators and escalators can now speak their minds using IoT technology, allowing technicians to stay one step ahead of what is happening.

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