Global Smart Elevator Automation Market Is Growing with a CAGR of 16.7 % from 2015 to 2022
The Smart Elevator Automation System market is expected to grow at a CAGR of 16.7% between 2015 and 2022. Growing population, universal urbanization, increasing investments in infrastructure and demand for energy efficient and high speed elevators are the factors influencing the growth of the market. However, lack of awareness and high initial costs are hindering the market growth. Top players in the smart elevator automation system market are focusing on R&D activities for developing superior dispatch solutions to enhance their...
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