By the year 2023-24, the Indian market is anticipated to raise 35-40 % crossing 80,000 elevators per annum mark . According to industry estimates, the split between the residential & commercial market for elevators is about 70-80 % vs. 20-30 %.The upcoming forecasted trend in the elevator industry would include options wherein we have more companies opting for a sustainable model with modifications in the way the elevators are designed to consume electricityElevators, and in that home elevators in particular, are fast becoming the latest icons of luxury. People are choosing to invest in their comfort and their personal image. So we see that elevators will soon become a lifestyle product – like air conditioners. Apart from this, elevators are becoming more smart and convenient with all the latest technological developments being incorporated like MagLev technology, innovative cog belt drive and so on.

For buildings with complex traffic models, TK Elevator has created the AGILE solution to enhance the Passenger experience. Passengers are intelligently assigned to lifts by the AGILE Destination Control system, which also increases capacity by 30% while cutting waiting and Travel Times by 25%. A new generation of AGILE kiosks, which can be personalised with specific visuals and messages to benefit building tenants and improve the overall building experience, has now been introduced by TK Elevator throughout the Asia Pacific region. The new kiosks have a clean, modern design with a simpler, more straightforward interface and display. For specific architectural needs, they are available in two sizes and can be fixed on a wall or set up on a pedestal stand.

Smart elevators offer more convenient service, easier to use, and more energy efficient as compared to conventional elevators. It uses destination dispatch technology wherein passengers enter their destination floor via a touch screen panel and are assigned to a designated elevator along with other people going to the same floor. This offers minimum number of stops between intermediate floors by skipping stops at lower levels and hence, travel times are effectively reduced for users. It is preferred as new installations and retrofits by many tall buildings or commercial complexes.

Read the full story that first appeared in Architect & Interiors India June 2023 issue here:

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