SEPTEMBERASIA BUSINESS OUTLOOK4 Vol 01 · Issue 2 - 1 · SEPTEMBER, 2022 Publisher Alok Chaturvedi Managing Editor Emmanuel Chiristi Das Asst. Editor Heena Kousar Editorial Avinash Barik Hima P M Samatha SP Manager - DesignPrabhu Dutta A.R.N RayEditorial queries editor@asiabusinessoutlook.comSales Team Vinson Raj Ezekiah S. EdwardG Krishna S ShajilalAkshay Pratap SinghTo subscribeVisit www.asiabusinessoutlook.com/subscribe/ or send emailto subscription@asiabusinessoutlook.comMagazine Price is $50 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of Biz Print Media Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 Biz Print Media Pvt. Ltd. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Designers Tushar Das I Dinesh KumarGM Sales and Marketing Nagendra Kumar KCirculation Manager P MagendranEditorialThe global elevator and escalator industry is primarily driven by growth in the real estate sector. Huge capital inflows, mostly in the business sector, are fueling market expansion as many developed and developing countries invest more in real estate, which is anticipated to boost the worldwide elevator and escalator market throughout the course of the projected period. The market is growing as a result of the construction industry's expanding business. The global construction firms are witnessing a large demand for escalators and elevators worldwide. Globally, the construction industry is being positively impacted by the rising investment in infrastructure projects, residential and commercial building, and other projects.The rising demand for smart elevators is one of the major reasons propelling the elevator and escalator market's expansion. The development of energy-efficient elevators that may also speed up movement between levels of a building led to the creation of smart elevators. A smart elevator will steer a user to the elevator that will get them to their desired floor with the fewest stops when they select a destination floor.Innovations are core of any industry and the construction industry has taken innovation head on. It's only a matter of time that we see futuristic elevators and escalators painting a utopia. Emmanuel Christi DasManaging Editoreditor@asiabusinessoutlook.comSmart Elevators & Escalators
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