| |February 20205Elevator manufacturing segment has its growth aligned in direct proportion to the real estate market growth. Despite the recent slowdown, the market is soon expected to pick up from it left off and keep gaining momentum. Akin to other technologies in use today, elevators are also becoming increasingly technology driven. With the growing number of skyscrapers, it has become necessary for elevator manufacturers to enhance the safety features and intelligence of elevators to stay afloat in the competition. Smart elevators have transformed the industry. With the increasing development in construction industry in Asia Pacific region, the elevator market is set grow in sync with it. India elevators and escalators market is expected to surpass $2 billion by 2023, owing to the rising urbanization, introduction of RERA and burgeoning number of high-rise residential and commercial buildings throughout the country. In addition, government initiatives like Smart Cities Mission and Pradhan Mantri Awas Yojana (Urban), and growing demand for smart and environment friendly elevators are going to catapult the growth of the market. All of it has contributed to the growing demand for new age elevators that can carry more passengers, not just by increasing the number to persons who can use it at once but by becoming intelligent and enabling easy commute through efficiency. In terms of technology, the most important advancement in recent years has been destination selection control (DSC). Through this control, passengers can enter their destination floor on input terminals and are then assigned to a specific lift which would take them to the respective destination floor. Such innovations have been made possible by the dedicated players in this segment. To bring this special issue to fruition, we have studied this industry segment in-depth and have come up with the list of 10 Most Promising Elevator Manufacturing Companies in India who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies stand out from the crowd. We look forward to receiving your feedback. Sudhakar SinghEditorsudhakar.firstname.lastname@example.orgVertical Commute Being RedefinedVol 1 · Issue 6 · February 17, 2020Publisher Alok ChaturvediManaging EditorNandini MukherjeeEditor Sudhakar Singh Editorial Team Janifha Evangeline Samrat Pradhan Hridkamal Roy Teja Boncheruvu Art & Graphics Ashok Kumar Vetrivel S GM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalCover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies 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, Mu-rugeshpalya, Bangalore-560017.Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technolo-gies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, pho-tography 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.
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