FEBRUARY 2023CONSTRUCTIONBUSINESSREVIEW.COM6Elevators today are becoming increasingly sophisticated, thanks to the Internet of things (IoT) and other technological advancements. The worldwide elevator and escalator market is expected to witness an upward trend of $132.08 billion by 2029, at a CAGR of 6.7 percent, owing to significant expenditures in commercial and residential infrastructure projects in developing and developed nations.Among many trends that have proven to be key drivers of the elevator industry, IoT is revolutionizing elevators by going beyond just getting people up and down buildings with speed and comfort. Elevators powered by IoT technology can now manage big data streams and perform predictive maintenance, helping manufacturers and maintenance companies efficiently monitor operating conditions.To put the spotlight on other key developments in the industry, Construction Business Review illustrates how elevators and escalators service providers are streamlining operations with smart elevator technologies. This edition also features thought-provoking articles from James Hansen, Vice President of Service and Building Automation at Harris; and Jason Janning, Senior Vice President and General Manager at Hilti, who share their insights on the recent developments of the logistics warehousing market in Brazil, advanced data analytics for enhancing building performances, and innovative approaches to workplace safety.In this edition of Construction Business Review, we also bring to you the story of Access Elevator, a leader in ADA General Contracting dedicated to providing elevator solutions that are safe, reliable, and flexible to meet the needs of physically disabled and disabled people.Its primary goal is to adapt homes, businesses, and automobiles, making elevator accessibility easier through the construction and installation of its excellent product line.Through the following pages, we aim to shine a light on the latest developments implemented by elevator manufacturers and service companies in the elevators and escalators industry. We would like to know your thoughts.A Bright Future for the Elevator and Escalator IndustryEDITORIALCopyright © 2023 ValleyMedia, Inc. 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 thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorRobert MathewsDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOsVisualizersJames D. PhillipsRobert MathewsManaging Editoreditor@constructionbusinessreview.comFebruary - 20 - 2023, Vol 03 Issue 01Published by ValleyMedia, Inc.To subscribe to Construction Business ReviewVisit www.constructionbusinessreview.com Email:sales@constructionbusinessreview.comeditor@constructionbusinessreview.commarketing@constructionbusinessreview.com
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