The global smart elevator market is expected to reach USD 30.55 billion by 2022, according to a new study by Grand View Research, Inc. Rising consumer disposable income especially in emerging economies like India and Brazil coupled with overall improvement in global economy is estimated to escalate demand over the next few years. Growing need for better control of elevator traffic along with rapid urbanization in developing countries may catapult growth over the forecast period. The industry is poised for growth owing to rapid infrastructure development paired with the growing need for improved energy efficiency.
http://www.grandviewresearch.com/industry-analysis/smart-elevator-market
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