Smart Elevator Market : The Future of Energy Consumption


Northbrook, IL 60062 -- (SBWIRE) -- 05/19/2022 -- Cities are already starting to embrace sustainability as an important part of their overall vision. In Dubai announced plans to become the world's first carbon-neutral city by 2020. In doing so, it is aiming to reduce its greenhouse gas emissions by 25% from their 2005 levels. Similar initiatives are underway in other cities around the world, such as Copenhagen and Milan. The smart elevator market is expected to grow from USD 9.7 billion in 2021 to USD 12.6 billion by 2026.

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The cities are reducing their environmental impact is through the use of renewable energy sources like solar and wind. In renewables accounted for almost half of all new electricity capacity installed worldwide, and there is no indication that this trend will slow down any time soon. In fact, many experts believe that renewables will play an even more important role in future energy consumption trends.

Energy Consumption in Buildings

As cities become increasingly smarter, they are also becoming more energy efficient. Smart cities are designed to be more sustainable and less reliant on fossil fuels, and as a result, they are using more energy from alternative sources like solar and wind power. The trend of energy consumption in buildings is changing as well. As we move away from traditional building systems that require large amounts of energy to operate, we are starting to see new technologies that use less energy. This is especially true for buildings that are designed to be more environmentally-friendly.

In the near future, we will see even more advancements in the way that cities consume energy. For example, there are currently a number of startups working on innovative ways to reduce the amount of wasted energy in buildings. This includes companies like GreenEDGE Energy Solutions which uses sensors and analytics to optimize energy usage in commercial buildings. By improving our cities' energy consumption habits, we can help make a significant impact on climate change while also saving taxpayers money.

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High Rises with Vertical Transportation Systems

In the not-too-distant future, buildings will be constructed with vertical transportation systems in mind. These systems allow for occupants to travel between floors without having to use stairs or elevators. They also help conserve energy by making it easier to move large quantities of people and materials up and down without using a lot of energy.

In addition to saving on energy costs, vertical transportation systems can also improve the environment by reducing traffic congestion. The systems can also help create more efficient work spaces by allowing different departments on different levels to be more isolated from one another.

Designing Smart Cities: Challenges, Solutions and Potential

As cities and their inhabitants continue to grow in size and complexity, the demand for energy continues to increase. In order to meet these demands while preserving the environment, intelligent city planning is essential. This article will explore some of the challenges involved in designing and implementing smart city technologies, as well as outlining some potential solutions.

OTIS Elevator (US), Kone Corporation (Finland), Schindler Group (Switzerland), Thyssenkrupp AG (Germany), Hitachi Ltd. (Japan), Hyundai Elevators Co., Ltd. (South Korea), Mitsubishi Electric (Japan), Fujitec Co., Ltd. (Japan), Toshiba Elevators and Building Systems Corporation (Japan), and Honeywell (US) are some of the key players offering Smart Elevators.

Few other players covered in the report includes Motion Control engineering (US), Thames Valley Control (UK), Rimrock Corporation (US), Robustel (China), IBM (US), Robert Bosch (Germany), Liftimsight (Netherlands), Kisi (US), Sick AG (Germany), Perrerl+Fuchs (Germany), Kintronics (US), Openpath Security (US), Brivo (US), Sigma Elevator Company (South Korea), and Emerald Elevators (UK).


The future of energy consumption is in smart cities. Cities are becoming increasingly complex, with more people and devices using more energy at ever-increasing rates. The challenge for city planners is to find ways to reduce energy consumption while also accommodating the increasing demand for services and infrastructure. By understanding how urban patterns influence energy use, cities can make significant strides in reducing their carbon footprints.