Ken Research announced recent publication titled, "
Global Elevators and Escalators Market Status, 2011-2022 Market Historical and Forecasts, Professional Market Research Report".
This report compasses the global historical trends and potential
forecasts in the market of escalators and elevators. It involves
observing the major turns and twists in the industrial layout and the
sudden growth of the Chinese and Indian markets in this sector. The
paper establishes a two-fold rise in the market size by 2022. This
report spotlights the worldwide and provincial market, key manufacturers
as well as the segment market details on different classifications and
claims of elevators and escalators. The report shall also link the
potential future ground for competitors and market holder.
With
the wake of urbanisation, we see mammoth projects with skyscrapers,
hotels, stadiums, shopping complexes, airports and other elevated
commercial spaces. All of these have profound use of escalators and
elevators. These have been paralleled with the sign of development and
industrialisation, becoming a common essential attribute of
modernisation. Escalators are vertically moving staircases. It is a
conveyor transport device for carrying people between floors of a
building. They are built at places where elevators become unreasonable
for usage. Utilizing the same space as a staircase, they mobilise more
number people saving time and exertion. Escalators move with a
invariable speed with the same average angle of inclination in a loop
form, which increases with height. The basic raw material used is
fuelled by the stainless steel and aluminium industry.
Escalators have
three typical configuration options:
- Parallel-up and down
escalators side by side or separated by a distance. This form is usually
seen in metro stations and picture theatres
- Crisscross-it
minimizes space requirements by "mounting" escalators that go in one
direction. These are frequently used in department stores or shopping
centres
- Multiple parallel - two or more escalators together that
travel in one direction next to one or two escalators in the same bank
that travel in the other direction. They have been observed at airports
etc.
Elevators on the other hand, serve similar needs but
moves people and goods between floors. They are driven by electric
motors or by ballast systems like anchoring hoist. In the recent times,
hydraulic fluid pumps are most common driving device. Archimedes first
built elevators in 236 BC. Several years later, another of Kulibin's
elevators was installed in Arkhangelskoye near Moscow. Types of
elevators include
Traction elevators
Hydraulic elevators
Climbing elevator
Pneumatic elevator
There
have been stringent government regulations on the escalator market for
safety purposes. Despite their considerable scope, two Congressional
Acts namely, the Rehabilitation Act of 1973 and the Americans with
Disabilities Act of 1990 (ADA) indirectly affected escalators and their
public installations. Nonetheless, Foster-Miller Associates' 1980
plan, Escalator Modification for the Handicapped was ultimately ignored
in favour of increased elevator installations in subway systems. They
also cannot escape the code of conduct norm which states that In the
United States and Canada, new escalators must abide
by ASME A17.1 standards and old escalators must conform to the safety
guidelines of ASME A17.3 In Europe, the escalator safety code is EN115.
The
historical evolution of the key market players in escalator business
started with one name, Nathan Ames. The inventor to seed the idea gave a
potential 'moving stairs' model that would operate by manual or
hydraulic power. Leamon Souder, Jesse Wilford Reno, George A. Wheeler,
and Charles Seeberger are attributed with paving way for real theories
and execution of this modern marvel. It's regional market, covers six
major hubs which are-Europe, North America, South America, Asia
(Excluding China), China and Rest of the world. Studies account that
seven out of every 10 elevators are installed in Asia Pacific. This
region has become highly advanced and competitive to exploit the vast
growth opportunities in its rural market, especially in India and China.
To increase its outreach they have started mushrooming numerous sales
offices and branches worldwide.
Schindler Holding Ltd is the
leading maker of escalators and second biggest manufacturer of
elevators. The key players in escalator market are several manufacturers
who developed their own escalator products, though they had to market
their devices under different names, due to Otis’ hold on the trademark
rights to the word “escalator.” New York-based Peelle Company called
their product by the name-the Motorstair, and Westinghouse called their
model an Electric Stairway. The Toledo-based Haughton Elevator company
referred to their product as simply Moving Stairs. Early European
manufacturers included Hallé, Hocquardt, and Piat starting with
escalator usage at a departmental store. In terms of rivalry,
Mitsubishi and ThyssenKrupp are Otis' principal rivals. The most
influential vendors across the globe are Cisco Systems, Toshiba
Corporation, Fujitec, Mitsubishi Electric Corporation, Hitachi Ltd.and
Kleemann Hellas SA. By 2022, the leading firms would diversify and
expand its network of vendors across the world. This was proved true
when hundreds of new sales offices were set up in china in recent past.
More investment would be made in research and development to come up
with better, more efficient, cost effective ways of developing
escalator/elevator techniques. This would require us to expand the
production boundaries by being more resourceful. These innovations will
mark the beginning of energy efficient escalating/elevating
technologies. Modernization in this market consists of controller
equipment, electrical wiring and buttons, position indicators and
direction arrows, hoist machines and motors (including door operators),
and sometimes door hanger tracks.
Region wise, China will reach
the highest growth trajectory by 2022 becoming the largest smart
elevator and escalators market globally. This would be done at a
diminishing rate of growth, which will stay positive. The rising
population will fuel the major growth in the coming centaury. With many
urban cities being developed in India and multidimensional 1-tier cities
coming up in china, elevator and escalator demand will boom with
blossoming infrastructure projects. Rapid and widespread urbanization
just adds to the growth from another dimension. These effects in turn
are a major push to other industries such as tourism and Hospitality.
With an increase in per capita income, the hotel industry would flourish
hence, accelerating elevator demand. Ride quality for both can be
improved by reinstating generator based designs with Variable
Voltage/Variable Frequency drives. Innovation can greatly improve
functioning consistency by replacing mechanical relays and contacts with
solid-state electronics. Major future elevator projects include-
Cable-borne elevators
Hydraulic elevators
Mine-shaft elevators
Topics Covered in the Report
- Asia Elevators and Escalators Production
- Hydraulic elevators Market research
- Elevators Major Market Players
- Elevators Market Competition
- Global elevators market research
- Global escalators market research report
- Elevators and escalators Production
- Elevators and escalators Demand in market
- Global Elevators and Escalators Market growth
- Global Elevators and Escalators Market size
- Global Elevators and Escalators Market share
- Global Elevators and Escalators Market trends
- Global Elevators Market Forecast
For more coverage click on the link below:
https://www.kenresearch.com/manufacturing-and-construction/infrastructure/global-elevators-escalators-market/73027-97.html
Related links:
Global Elevators and Escalators Market Outlook to 2016 - Rising Expansion in Asia Pacific Region
Contact: Ken Research
Ankur Gupta, Head Marketing & Communications
query@kenresearch.com
+91-124-4230204
