The elevator and escalator market in India is on the rise due to urbanization and land scarcity, with a projected growth rate of nine percent from 2021-25, driven by infrastructure growth and metro and airport projects, this market is expected to reach $232,656.1 million by 2032.
The leading player in this domain, TK Elevator is a global company with a strong focus on ESG measures. The firm is known to operate in over 100 countries and has achieved €8.5 billion in sales in 2021- 2022. Although the elevator high-rise segment in India faces challenges, newer technologies such as TK Elevator's TWIN elevator system can increase capacity while reducing energy consumption.
Sustainable & Innovative Customized Elevator Solutions
TK Elevator is committed to sustainable mobility solutions and incorporates cut¬ting-edge technologies to minimize energy consumption and enhance energy efficiency in buildings. The company's MAX platform utilizes advanced data analytics and Microsoft Azure IoT technology to provide predictive and preventive maintenance for elevators, ensuring their reliability, and safety, and supporting building sustainability initiatives.
TK Elevator offers the AGILE Destination Control System, an innovative solution that minimizes wait times, enhances elevator efficiency, and boosts passenger handling capacity by up to 30 percent. This advanced system also offers increased flexibility in elevator grouping and building design, making it a cutting-edge solution for optimizing urban mobility. Moreover, TK Elevator provides customized elevator solutions for airports, including heavy-duty passenger lifts and sophisticated elevators for first-class lounges, to meet diverse customer requirements.
With high-quality escalators, including tugela and victoria, used by millions of people daily at airports worldwide, TK Elevator continuously improves their escalators' performance, energy efficiency, appearance, and comfort. The company’s moving walks optimize space and capacity, reduce travel time across long distances, and provide a secure and convenient mode of transportation in airports. “Our company offers customized solutions to improve the efficiency, convenience, and safety of passenger boarding bridges for all types of aircraft, including commercial and regional jets. In addition to airports, we also provide tailored mobility solutions for private and public settings. For instance, our platform lifts are installed at Milan’s Linate Airport to offer independent access to people with limited mobility”, says Manish Mehan, CEO & MD, TK Elevator (India).
With the cutting-edge MAX platform & AGILE Destination Control System, TK Elevator is constantly pushing the boundaries of elevator technology to improve efficiency & enhance sustainability
Future Roadmap
TK Elevator is dedicated to improving elevator intelligence and energy efficiency through their MAX solution that uses cloud and AI technology for remote maintenance and diagnostics. The company has taken significant strides toward sustainability, including installing solar power in its factories and manufacturing products with lightweight materials and gearless motors. TK Elevator has ambitious ESG targets and initiatives that align with builders' vision of sustainability and efficiency. The firm aims to advance elevator technology and re¬mote maintenance to reduce downtime in high-rise buildings in the future. “We are constantly reinventing ourselves to devise solutions which will perfectly address these challenges, wherein, we are integrating the latest technologies to drive the needed innovation”, concludes Manish.
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