Elevators & escalators are no more a luxury but a crucial requirement for function & accessibility. As more & more people are moving toward urban areas, buildings are getting taller and modernized. Moreover, while high-rise structures are the new common, and technology is becoming more affordable, it makes complete sense to invest in an elevator for your homes or workplaces.
The mounting need to provide enhanced comfort & convenience to employees, residents, or visitors of a building is propelling the demand for elevators & escalators. As per a research study, the Elevator & Escalator Market in the UAE is expecting around 4% compounded annual growth rate (CAGR) during 2021-26.
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Top Reasons Why Elevators & Escalators are Increasingly Being Installed
· Rising Trend of Skyrocketing Buildings
Nowadays, most organizations, for their business setups, prefer high-rise buildings that have more than two floors. Installing escalators in such facilities is essential for managing crowd movement adequately. It enables people to move easily between floors and interact with other departments.
· Convenience for Everyone
Elevators enhance the convenience of people, especially those who find climbing the stairs a challenging task. The high-rise buildings like corporate offices, malls, hospitals, etc., need to be inclusive and friendly for all the customers stepping inside the building. Physically challenged people or those who use a wheelchair find elevators a must-have in any building.
Installation of elevators is highly required to ensure that the building is accessible to everyone. Other features that can be well-integrated into elevators include voice controls, compatible buttons to assist the visually impaired, no contact buttons to reduce contamination, etc. These features will result in increasing convenience.
· Time-Savings
The elevators or escalators installed inside buildings help customers travel between floors or from one department to another within a few seconds. Professional elevators usually move at the speed of 0.35 m/s and help people save a lot of time. They are a crucial necessity, especially in buildings with many floors. In offices, they essentially save employees' energy and enhance their productivity.
Most high-rise structures worldwide are equipped with elevators. Leading manufacturers in the industry claim that elevators or escalators will work as long as buildings last. However, the frequent use and wear & tear of elevators & escalators result in their degraded lifespan. Hence, they should be properly maintained or replaced/modernized according to the need since high wear & tear can make them highly prone to breakdowns & other problems.
The Significance of Elevator Modernization
Along with the progress in time & aesthetic benefits, modernization helps elevators & escalators function better and offer many other benefits, such as:
- Improved Energy Efficiency & Cost Savings: Elevators & escalators consume around 5-7% of the total energy consumption of a building. Large buildings incur massive investments in the smooth operation of elevators & escalators. The traditional elevators had heavy systems & components that consumed a huge amount of energy. However, integrating advanced features into elevators has helped achieve substantial cost savings.
- Adherence with Building Norms: If escalators or elevators are more than a decade old, they do not comply with building norms, which, in turn, affects the building's valuation. Hence, the need for replacing elevators is mandatory after a certain time, especially in commercial structures.
- Better Load Capacity: The load-carrying capacity & efficiency of elevators is based mainly on how technologically & mechanically advanced the building is, which fuels the need for elevator & escalator modernization.
Takeaway
While the cost of modernization of elevators & escalators is high, it is expected to be worth investing in due course of time since it will help save other expenses, including power costs and maintenance, repair, & service charges. Further, technologically superior elevators & escalators are highly beneficial for old age & disabled people as frequent breakdowns can hamper their daily living.
