- In July 2024, FUJITEC CO., LTD. expanded its operations in India by opening a new sales office in Ahmedabad. This strategic move aims to increase the company’s regional market share and enhance its multi-brand strategy. By establishing a local presence, FUJITEC intends to strengthen relationships with Indian customers and boost sales growth in the highly competitive elevator and escalator industry
- In July 2024, Hitachi Elevator Asia Pte. Ltd. secured the largest-ever contract in Singapore from the Housing & Development Board (HDB) to supply and install 450 lifts for high-rise residential buildings. This landmark deal surpasses all previous contracts in size, positioning Hitachi as a leading player in the local elevator market, and further solidifying its reputation for high-quality, reliable lift solutions
- In April 2024, Bosch showcased its cutting-edge visual and audio intelligence solutions at ISC West 2024. The company demonstrated its edge-based analytics, video cameras, and Intelligent Video Analytics Pro (IVA Pro) technologies aimed at enhancing security, safety, and operational efficiency. Bosch’s offerings focus on perimeter security, building safety, and data-driven decision-making, contributing to safer and more efficient industries across the globe
- In June 2021, Otis launched the Smart Gen3 elevator, enhancing its smart elevator product portfolio. The elevator integrates cloud-based IoT technology, offering a streamlined, energy-efficient solution for smart buildings. Otis targets the growing construction market in China, driven by the nation’s focus on green development. The Smart Gen3 is designed to provide convenience and operational ease for elevator occupants, making it ideal for new infrastructure projects
- In June 2021, Hyundai Elevators and KT signed a memorandum of understanding (MoU) to expedite the development of AI-integrated elevators. This collaboration will incorporate automatic driving robots and voice recognition technologies into Hyundai’s elevator portfolio. By focusing on digital transformation (DX), the companies aim to drive growth in the smart elevator market, enhancing the functionality and convenience of elevators for various industries, including commercial spaces and residential buildings
