Elevator and Escalator Safety Devices Market
Elevator and Escalator Safety Devices Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Elevator and Escalator Safety Devices Market Size and Growth
The Elevator and Escalator Safety Devices market research reports indicate a growing market with an increasing demand for safety devices due to rising concerns about passenger safety. The market size is estimated to be $3.5 billion, with a projected growth rate of 6% over the next five years.
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Companies Covered
(Covid 19 Impact Covered)
◍ Otis
◍ Mitsubishi Electric
◍ Schindler
◍ Fujitec
◍ Toshiba
◍ Hitachi
◍ Yuanda Enterprise Group
◍ Jiangsu Juli Intelligent Machinery
◍ Gilco Global
The Elevator and Escalator Safety Devices Market is highly competitive with key players such as Otis, Mitsubishi Electric, Schindler, Fujitec, Toshiba, Hitachi, Yuanda Enterprise Group, Jiangsu Juli Intelligent Machinery, and Gilco Global. These companies provide various safety devices such as sensors, switches, and emergency brakes, which help ensure the safe operation of elevators and escalators.
- Otis: $13.12 billion
- Mitsubishi Electric: $33.12 billion
- Schindler: $13.98 billion
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