Product Overview Product of Interest: Escalators • An elevator refers to a carriage or platform that is used for moving people or freight from one level to another in a building. Most modern elevators are designed with features like a voice recognition system that provides an accessibility aid for the blind, notifications for floor arrivals and door closing in a computer voice, call buttons for any emergency situations, direction lanterns both inside and outside the carrier and LED/LCD floor indicators for delivering a smooth and passenger controlled flawless experience. • Elevators are a standard part of any tall commercial building such as malls, hospitals, hotels, residential buildings, etc. Elevators can be classified into two categories, depending on the hoist mechanism and the design. Elevators are classified into four types, namely, traction, hydraulic, climbing and pneumatic elevators depending on the hoist mechanism. © TechSci Research 77
Malaysia Elevator & Escalator Market to Reach USD572.39 Million by 2026 Page 6 Page 8