Escalator

Germany Elevator and Escalator Market Report 2021-2025 - Increasing Adoption of Energy-efficient Elevators and Escalators - ResearchAndMarkets.com

Thursday, June 10, 2021 - 10:17am

The market is driven by the increasing adoption of energy-efficient elevators and escalators and increasing construction of high-rise buildings.

Key Points: 
  • The market is driven by the increasing adoption of energy-efficient elevators and escalators and increasing construction of high-rise buildings.
  • The report on elevator and escalator market in Germany provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • The report offers an up-to-date analysis regarding the current Germany market scenario, latest trends and drivers, and the overall market environment.
  • Also, the elevator and escalator market in Germany analysis report includes information on upcoming trends and challenges that will influence market growth.

India Elevator and Escalator Market Report 2021-2025 - ResearchAndMarkets.com

Friday, June 4, 2021 - 10:36am

The "Elevator and Escalator Market in India 2021-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Elevator and Escalator Market in India 2021-2025" report has been added to ResearchAndMarkets.com's offering.
  • The elevator and escalator market in India is poised to grow by $522.84 mn during 2021-2025, progressing at a CAGR of 9%.
  • The report on elevator and escalator market in India provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
  • Ltd., KONE Corp., Mitsubishi Electric Corp., Otis Worldwide Corp., Schindler Holding Ltd., thyssenkrupp AG, and Toshiba Corp.
    Also, the elevator and escalator market in India analysis report includes information on upcoming trends and challenges that will influence market growth.

Otis Announces Abbe Luersman as Executive Vice President, Chief People Officer

Tuesday, May 25, 2021 - 2:30pm

FARMINGTON, Conn., May 25, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS) today announced that Abbe Luersman will join the company as Executive Vice President and Chief People Officer (CPO), effective July 26.

Key Points: 
  • FARMINGTON, Conn., May 25, 2021 /PRNewswire/ -- Otis Worldwide Corp. (NYSE: OTIS) today announced that Abbe Luersman will join the company as Executive Vice President and Chief People Officer (CPO), effective July 26.
  • Otis is the world's leading company for elevator and escalator manufacturing, installation and service.
  • "Abbe is a passionate leader who brings decades of proven experience, business understanding and a commitment to ensure all voices are heard, especially across a globally distributed workforce," said Otis President & CEO Judy Marks.
  • Luersman will become a member of the Otis Executive Leadership team, reporting directly to Otis President & CEO Judy Marks.

Otis CEO to Present at Bernstein Strategic Decisions Conference

Thursday, May 20, 2021 - 11:30am

b"FARMINGTON, Conn., May 20, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks will speak at the Bernstein 37th Annual Strategic Decisions Virtual Conference on Thursday, June 3, 2021 at 10:00 a.m. EDT.

Key Points: 
  • b"FARMINGTON, Conn., May 20, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) President & CEO Judy Marks will speak at the Bernstein 37th Annual Strategic Decisions Virtual Conference on Thursday, June 3, 2021 at 10:00 a.m. EDT.
  • The presentation will be broadcast live at www.otis.com .\nOtis is the world's leading elevator and escalator manufacturing, installation and service company.
  • We move 2 billion people a day and maintain more than 2 million customer units worldwide, the industry's largest Service portfolio.
  • For more information, visit www.otis.com and follow us on LinkedIn , Instagram , Facebook and Twitter @OtisElevatorCo.\n"

Saudi Arabia Elevator & Escalator Market, Competition, Forecast & Opportunities, 2021-2024 Featuring Otis, Schindler, ThyssenKrupp, Mitsubishi, KONE, Hyundai and Fujitec

Monday, May 17, 2021 - 12:45pm

b'DUBLIN, May 17, 2021 /PRNewswire/ -- The "Saudi Arabia Elevator & Escalator Market, By Type, By Service, By Elevator Technology, By End-User, By Elevator Door Type, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com\'s offering.\nThe Saudi Arabian Elevator & Escalator Market was valued USD 1049.87 Million in 2019 and is forecast to grow at CAGR of 6.86% in value terms, to reach USD 1340.09 Million by 2025.\nBooming construction sector, increasing number of high-rise building projects and rapid infrastructure development are the key factors driving the Saudi Arabian Elevator & Escalator Market.

Key Points: 
  • b'DUBLIN, May 17, 2021 /PRNewswire/ -- The "Saudi Arabia Elevator & Escalator Market, By Type, By Service, By Elevator Technology, By End-User, By Elevator Door Type, Competition, Forecast & Opportunities, 2024" report has been added to ResearchAndMarkets.com\'s offering.\nThe Saudi Arabian Elevator & Escalator Market was valued USD 1049.87 Million in 2019 and is forecast to grow at CAGR of 6.86% in value terms, to reach USD 1340.09 Million by 2025.\nBooming construction sector, increasing number of high-rise building projects and rapid infrastructure development are the key factors driving the Saudi Arabian Elevator & Escalator Market.
  • As the investments for travel & tourism and smart infrastructure are increasing, elevator and excavator market is likely to grow in the coming years in Saudi Arabia.\nThe Saudi Arabian Elevator & Escalator Market is segmented based on type, service, elevator technology, end-user, elevator door type, and region.
  • Based on type, the market can be segmented into elevator, escalator and moving walkways.\nThe elevator segment accounted for share of 88.32% in 2019 and is anticipated to continue dominance until 2025 owing to their widespread use in various end-user industries.
  • Among these regions, Riyadh is expected to dominate the country\'s elevator & escalator market majorly due booming construction sector in the region.\nMajor players operating in the Saudi Arabian Elevator & Escalator Market include Otis Elevator Company Saudi Arabia Limited, Schindler Olayan Elevators Co. Ltd, ThyssenKrupp Elevator Saudi Limited, Mitsubishi Electric Saudi Ltd., Gulf Elevator & Escalator Company Ltd., Khaled Juffali Elevator & Escalator Co., KONE Saudi Arabia, Orona Elevator Co. KSA, Fujitec Saudi Arabia Co., Ltd., Hyundai Elevator Saudi Arabia, among others.\nYears considered for this report:\n'

Global Elevator & Escalator Market Insights & Forecast 2021-2025 Featuring Business & Financial Overview and Strategies for Otis, Kone, ThyssenKrupp, Schindler, Mitsubishi & Hitachi - ResearchAndMarkets.com

Friday, May 14, 2021 - 1:50pm

b'The "Global Elevator & Escalator Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com\'s offering.\nThe global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025.\nThe factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market.\nHowever, the market growth would be challenged by high price of installation and setup, dearth of skilled workforce and stringent safety norms.

Key Points: 
  • b'The "Global Elevator & Escalator Market: Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to ResearchAndMarkets.com\'s offering.\nThe global elevator & escalator (E&E) market is forecasted to record a value of US$154.91 billion in 2025, progressing at a CAGR of 7.15% during the period spanning 2021-2025.\nThe factors such as rising urbanization, upswing in digitalization, increasing geriatric population, growing construction activities and ageing E&E installed base would drive the growth of the market.\nHowever, the market growth would be challenged by high price of installation and setup, dearth of skilled workforce and stringent safety norms.
  • A few notable trends may include accelerating development of smart cities, upsurge in tourism activities, surging penetration of novel technologies, escalating demand for energy efficient elevators and verticalization of cities.\nThe global E&E market is categorized on the basis of service and technology.
  • According to the type of service, the market can be split into maintenance, new installation/equipment and modernization.
  • Whereas, the global E&E market can be bifurcated into machine room-less, hydraulic and traction, in terms of technology.\nThe fastest growing regional market was Asia Pacific which is expected to dominate the market in future accruing to expansion in the construction of buildings across the residential and non-residential sectors, increasing shift towards eco-efficiency, flexible design, and safety, rising public expenditure on infrastructural development in developing countries such as Indonesia, India, China, and Philippines, surging disposable income and growing urbanization.\nFurther, disruption in the supply chain of raw materials and halted construction activities, caused by the COVID-19 pandemic, resulted in the downfall in demand for elevators and escalators, which eventually had a negative impact on its market growth globally.\n'

KONE Redefines the Future of Smart City in Singapore with its DX Class Elevators -- the World's First Elevator Series with built-in Digital Connectivity

Friday, April 30, 2021 - 3:00am

"\nThe new KONE DX Class enables customers to tailor and plug in additional software and services for elevators throughout the entire lifetime of a building.

Key Points: 
  • "\nThe new KONE DX Class enables customers to tailor and plug in additional software and services for elevators throughout the entire lifetime of a building.
  • For elevator passengers this brings a host of new, multisensory experiences inside the elevator, combining physical hardware and digital services.
  • "\nThe new KONE DX Class elevator series is ideal for customers looking to modernise existing equipment with enhanced eco-efficiency, performance, and aesthetics.
  • The KONE DX Class will replace the current KONE elevator range.\nRead more about KONE DX Class elevators: https://www.kone.com/en/products-and-services/elevators-escalators-autom...\nWatch the mind-controlled elevator video: https://youtu.be/kUHl9MhgA6M\nConnecting more than floors to tickle your senses: https://www.kone.com/en/news-and-insights/stories/connecting-more-than-f...\nAt KONE, our mission is to improve the flow of urban life.

Mitsubishi Electric US, Inc. Establishes Presence in Greater Nashville

Tuesday, April 20, 2021 - 2:00pm

The elevators will be equipped with the Mitsubishi Electric Sigma AI 2200C Destination Oriented Allocation System (DOAS\xc2\xae), which works seamlessly with Mitsubishi Electric\xe2\x80\x99s touch-free elevator call system smartphone application.

Key Points: 
  • The elevators will be equipped with the Mitsubishi Electric Sigma AI 2200C Destination Oriented Allocation System (DOAS\xc2\xae), which works seamlessly with Mitsubishi Electric\xe2\x80\x99s touch-free elevator call system smartphone application.
  • Users can also set a default call mode for specific needs, for example, wheelchair accessibility per ADA requirements.\nThe Mitsubishi Electric elevator systems will be installed in the Alcove and Prime residential towers in the heart of downtown Nashville.
  • With the city\xe2\x80\x99s proven resilience in the face of a challenging economic year in 2020, Nashville was the natural choice for Mitsubishi Electric US\xe2\x80\x99s move south.\n\xe2\x80\x9cEstablishing a presence for our division in Greater Nashville was an easy call to make,\xe2\x80\x9d says Erik Zommers, senior vice president and general manager, Mitsubishi Electric US Elevator and Escalator Division.
  • For more information about Mitsubishi Electric elevators and escalators, visit www.MitsubishiElevator.com .\nHeadquartered in Cypress, California, Mitsubishi Electric US, Inc.

Largest US Installation of World's First Digital Media Architectural-Grade LED Glass Integrated by ANC into New York City's Historic Tin Building

Wednesday, April 14, 2021 - 8:00pm

Today, the reconstructed building will serve a new generation in the heart of the Seaport District.\nGLAAM Media Glass will cover more than 1,100 square feet of space surrounding the escalators in the heart of the building.

Key Points: 
  • Today, the reconstructed building will serve a new generation in the heart of the Seaport District.\nGLAAM Media Glass will cover more than 1,100 square feet of space surrounding the escalators in the heart of the building.
  • ANC has long aided The Howard Hughes Corporation in creating unique digital environments in their developments, and its work on the Tin Building represents a continuation of that with the next generation of media faade technology.
  • With GLAAM Media Glass in the Tin Building, we can provide that very attractive atmosphere.
  • Our 99.7% transparent, LED embedded, architectural glass makes it possible for buildings to become a digital media and interactive LED display without having to compromise real estate value.

Otis First Quarter 2021 Earnings Advisory

Friday, April 9, 2021 - 11:00am

FARMINGTON, Conn., April 9, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, April 26, 2021, at 8:30 a.m. EDT.

Key Points: 
  • FARMINGTON, Conn., April 9, 2021 /PRNewswire/ -- Otis Worldwide Corporation (NYSE: OTIS) will host a conference call on Monday, April 26, 2021, at 8:30 a.m. EDT.
  • Otis President & CEO Judy Marks and Executive Vice President & CFO Rahul Ghai will discuss the company's first quarter results and the outlook for 2021.
  • To join by phone, dial +1-877-735-3703 and an operator will place you on hold until the conference begins.
  • Otis is the world's leading elevator and escalator manufacturing, installation and service company.