Elevator Control Panelboard Market to Reach US$ 15.83 Billion by 2034 Amid Integration of IoT and Smart Technologies [Yahoo! Finance]
HITACHI LTD ADR (HTHIY)
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Source: Yahoo! Finance
With more people and less space, cities are building tall, and elevators are essential for getting around these high-rises. But there's more to these panels than just buttons. Thanks to the Internet of Things (IoT), they can now monitor themselves, predict problems, and even connect to other smart building systems. This makes elevators not only more convenient but also more energy-efficient and reliable. NEWARK, Del. April 2, 2024 /PRNewswire/ -- According to Future Market Insights (FMI), the global elevator control panelboard market is expected to reach US$ 15.83 billion by 2034. This growth trajectory is mostly recognized by the surging demand within the residential end-use industry, which is undergoing an extraordinary surge in activity and development. Over the forecast period, global demand for elevator control panelboards is projected to surge at a CAGR of Download the Sample PDF report to explore key market insights and trends: https://www.futuremarketinsights.com/reports/s
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