[Oct 11 2023 / CXOtoday / Manish Mehan ]
 
Elevator Technology and Safety: Achieving Higher Grounds CXOtoday News Desk2 weeks ago By Manish Mehan Elevator safety has become a paramount concern as the demand for taller structures grows and urban infrastructure becomes increasingly intricate. Technological advancements are revolutionizing vertical transportation, enhancing its safety, efficiency, and convenience. According to a recent study conducted by Technavio, the elevator and escalator market in India is projected to expand by USD 784.24 million between 2022 and 2027, boasting a Compound Annual Growth Rate (CAGR) of 8.9%. The industry’s growth will be propelled by the proliferation of high-speed metro projects, a surge in disposable income and economic development, and the increasing number of office spaces and commercial establishments.


Original Article>>>https://www.cxotoday.com/story/elevator-technology-and-safety-achieving-higher-grounds/