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PodChats for FutureIoT: Future of connected mobility
The global elevators and escalators market is forecast to reach US$83 billion in 2022. Despite the initial setbacks arising from the pandemic, demand for inter-floor transporter is projected to rise on the back of investments in commercial and residential infrastructure projects globally. With elevators representing 2-7% of the total energy consumed in a building, there is significant scope for improvement regarding energy consumption.
With maintenance and modernisation of existing equipment expected to exhibit significant growth over time, manufacturers are also focusing on value-added…
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