Advanced technologies have been incorporated in many aspects of our lives, including mobilization inside a building. Our mobility between floors can be enhanced by utilizing smart elevators. This technology refers to a system in which advanced technologies are used to improve user’s experience, safety, and efficiency while using an elevator.

In improving its performance, smart elevators will combine algorithms, sensors, and connectivity. Instead of pushing buttons like in traditional elevators, smart elevators will enable remote access through a wireless connection where people can access the elevators by using mobile devices.

Smart elevators can be applied in commercial, industrial, residential, and others. Therefore, in a fast-paced lifestyle, there has been an increasing demand for a more enhanced and reliable elevator.

Why Has There Been an Increasing Demand?

There have been several key drivers that boost the growth of smart elevators.

1. The need of efficient transportation between floors

As people live with busy schedules and hectic lifestyles, everything needs to be hassle-free, including the mobilization between floors. If the traditional elevators require pushing a button to go up or down in a building, smart elevators allow passengers to choose their destination in the lobby and the elevator will directly transport them to the destination.

In more advanced smart elevators, the passengers can even control any elevators using smartphone or mobile devices, enable them to save time and energy while moving between floors.

2. Developing countries’ improving economy

The improving economy in developing countries can also drive the growth of smart elevators. Countries with economic growth will have the urge to adopt new technologies that can improve their productivity. They also will have the costs that are necessary to implement the technological advancement.

3. The growth of high buildings

There has been a growing awareness of the necessities of high buildings, particularly in big cities. These buildings play an important role for economic, business, entertainment, and residential. The need for space has become the main cause that drives developers to build tall buildings.

Key Features of Smart Elevators

Smart elevators offer multiple key features that make it compelling for businesses and developers.

1. Energy efficiency

Smart elevators can provide energy-saving advantages that can convert excess energy into electricity or lighting systems. This can happen as the motor backward can act as a generator during descent.

2. Anticipatory maintenance

Smart elevators provide the data analytics needed to monitor the components thus able to allow anticipatory maintenance. With this feature, maintenance can be arranged in advance before any of the components are broken, which ensures safety and reduces downtime.

3. Traffic data to reduce wait times

Wait times and congestion can be minimized by analyzing the traffic data and enhance the efficiency of elevator car movements.

4. Integrated emergency response

These elevators will have an integrated emergency response system which can provide fast response time in emergency situations such as power failures, fires, or mechanical issues.

5. Connected to Internet of Things

The Internet of Things has been connected to many technologies, including smart elevators. It will allow the elevators to be connected with other devices, which can help passengers to be more productive due to being timesaving and practical.

6. Enable remote monitoring

It will be easier for the management and maintenance engineers to do real-time monitoring, as the system will monitor the performance, usage patterns, and status of the elevator. This will ease the management tasks to ensure the safety of the passengers.

The Challenges of Smart Elevators Market

However, there are several factors that can be challenges to the development of smart elevators.

1. Economic considerations

With its modern and enhanced technology, smart elevators can be expensive. There will be an initial price that management has to pay to install the elevators. Intensive maintenance can be another factor that incurs additional regular expenses, where management has to pay for a technician and also elevator parts that might be manufactured in a distant location.

2. Regulatory challenges

Meeting regulatory requirements can be another challenge. The building management must ensure to follow safety compliance measures and implement safety standards. Every country has their own requirements and regulations, in which the management might be required to achieve the elevator certification needed.

Despite its challenges, this market has a huge opportunity to expand further. With technological advancements, the integration with IoT, and other new innovations, we can expect to see something new from the smart elevators market in the near future.