ELEVATOR CONTROL MARKET ANALYSIS

Market News

Global Elevator Control Market: Key Developments

In April 2021, Hyundai Elevator Co. Ltd. completed a smart campus having various facilities, including a smart factory that can produce 25,000 units annually, an R&D center, towers for testing ultra-high speed observation elevators, an office building, a welfare building, and a customer care center for real-time monitoring as well as maintenance of the elevators, in the Jinshan Industrial Park in Shanghai, China.

In July 2021, Hyundai Elevator entered into collaboration with Woowa Brothers for the development of products as well as services synchronizing robots and elevators. Under this collaboration, the companies will be focusing on developing services required in different sites such as hotels, apartments, commercial facilities, and offices.

In March 2021, Mitsubishi Electric Corporation revealed that its subsidiary, Mitsubishi Elevator (Thailand) Co. Ltd. (MET), received an order from One Bangkok project. This order primarily consists nearly 250 elevator, which includes 12 double-deck elevators, 28 escalators, in toral 278 units.

In April 2021, Mitsubishi Elevator India Private Limited secured a big order of supplying elevators to the Commerzone Madhapur and Altimus luxury complexes owned by K RAHEJA CORP, who is a prominent developer in India. This major order consists of 72 elevators, which also includes 37 high-speed models.