The Energy Efficient Elevators Market research report provides detailed observation of several aspects, including the rate of growth, regional scope and technological developments by the primary market players. The report offers Porter’s Five Forces, PESTEL, and market analysis to provide a 360-degree research study on the Energy Efficient Elevators market. The research study discusses about important market strategies, future plans, market share growth, and product portfolios of leading companies. The final report copy provides the impact analysis of novel COVID-19 pandemic on the Energy Efficient Elevators market as well as fluctuations during the forecast period.
The key players are Hitachi Ltd, Mitsubishi Electric Corporation, Hyundai Elevators Co. Ltd, etc.
The energy-efficient elevators market is expected to record a CAGR of about 15.14% during the forecast period of 2020-2025.
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– June 2019 – Hitachi announced a contract with Phoenix Group to supply a total of 106 elevator units. Through this contract, the company will supply elevators for large-scale office buildings, Phoenix Spaces 285 and Phoenix Aquila, which are to be constructed in Hyderabad.
– March 2019 – Mitsubishi Electric Corporation announced that its subsidiary, Mitsubishi Elevator India Private Limited (IMEC), will launch the NEXIEZ-LITE MRL elevator. This Indian-produced model does not require a machine room. The model will be added to the NEXIEZ-LITE series of elevators for midrise and low-rise residences, office buildings, and hotels in India.
Key Market Trends
Industrial Sector to Significantly Contribute to the Market Demand
– The industrial sector uses more energy than any other end-user sectors. Elevators are the crucial elements that make it practical to live and work several floors above the ground.
– Due to the increasing requirements of elevators, energy consumption in the industrial sector (such as in the manufacturing sector for workforce, component and equipment transfer) is increasing. This is one of the leading reasons for the increasing amount of CO2 emissions.
Europe to Record a Significant Growth Rate Over the Forecast Period
– The European energy efficient elevators market is fueled by the growing demand for modernization of buildings and an increase in the construction activity. According to the Institute of Energy Economics and the Rational Use Of Energy, about 75% of the current energy generation capacity is expected to be replaced by 2030. This is a driving factor for energy-efficient solutions.
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The Energy Efficient Elevators market report highlights are
– A comprehensive evaluation of all opportunities and risks in the market.
– Energy Efficient Elevators current developments and significant occasions.
– A deep study of business techniques for the development of the market-driving players.
– Conclusive study about the improvement plot of the market for approaching years.
– Top to the bottom approach of market-express drivers, targets, and major littler scale markets.
– Favorable impressions inside imperative mechanical and publicize the latest examples striking the Energy Efficient Elevators market.
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