Research and Markets has announced the addition of the "Elevators and Escalators Market by Type (Elevators, Escalators & Moving walkways), Service (New installation, Maintenance & Repair & Modernization), Elevator Technology, & End-use Sector - Global Forecast to 2021" report to their offering.
This report projects that the elevators & escalators market size will grow from USD 88.78 billion in 2015 to USD 125.22 billion by 2021, at a CAGR of 6.01%.
The machine room-less (MRL) technology is projected to be the fastest-growing segment in the next five years. The machine room-less elevator technology is a relatively new technology and is the result of technological advancements. This technology has resulted in a significant reduction in the size of the electric motors that is used with traction equipment.
This design is being adopted by buildings across the world and is becoming the standard product. There are several benefits attached to the machine room-less elevators; they save a significant amount of energy (estimated at 70-80%) as compared to hydraulic elevators and eliminate the cost and environmental concerns that are usually associated with a buried hydraulic cylinder filled with hydraulic oil.
Companies Mentioned:
- Electra Ltd.
- Fujitec Co., Ltd.
- Hitachi Ltd.
- Hyundai Elevator Co., Ltd.
- Kone Corporation
- Mitsubishi Electric Corporation
- Schindler Holding Ltd.
- Thyssenkrupp Ag
- Toshiba Corporation
-
United Technologies
Report Structure:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Elevators & Escalators Market, By Type
7 Elevators & Escalators Market, By Service
8 Elevators & Escalators Market, By Elevator Technology
9 Elevators & Escalators Market, By End-Use Sector
10 Elevators & Escalators Market, By Region
11 Competitive Landscape
12 Company Profiles
13 Appendix
For more information about this report visit http://www.researchandmarkets.com/research/ckhn5j/elevators_and
Related Topics: Elevators and Escalators
View source version on businesswire.com: http://www.businesswire.com/news/home/20160818005428/en/
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