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Elevator Automation Market (Sensors & Controllers, Motors & Drives, BMS) Worth $16.4 Billion by 2018 - New Report by MarketsandMarkets
Date:10/22/2013

(PRWEB) October 22, 2013

According to a new market research report "Elevator Automation Market: Access Controls & Security (Card Based, Biometrics, Touch Screens & Keypads, Security); Automation (Sensors & Controllers, Motors & Drives, BMS); Modernization (Operating Panels, Electronic Device) Forecast 2013 - 2018", the total smart elevator market is expected to reach $16.45 billion by 2018 growing at a CAGR of 10.5% from 2013 to 2018.

Browse 106 market data tables and 31 figures spread through 278 pages and in-depth TOC on “Elevator Automation Market"
http://www.marketsandmarkets.com/Market-Reports/elevators-controls-market-1004.html

Early buyers will receive 10% customization on this report.

The demand for security is propelling with respect to the advanced and more sophisticated technology being introduced in the market. Organizations are more attentive to equip themselves for such threats and need to safeguard their properties. Demand for energy efficient solutions, enhanced security, and improving the standards of the individuals have led to the development of the global elevator automation market (i.e. elevator access controls and security, automation, and modernization market).

Energy efficiency and centralized controls are the driving factors in global elevator automation market. A well maintained elevator lasts for around 20 years or we can say it is an average life of an elevator. After a stipulated time frame, upgrading an already installed elevators-system is a must – be it due to statutory requirements for increasing handling capacity or comfort, saving energy costs.

Updating controllers, communication panel, drives, cabins, doors, lightening and sensors and other and innovative operating and displ
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