IEE Expo 2020 to showcase advanced technologies in elevators
The latest edition highlights 42% surge in new entrants from India showcasing the tremendous scope for investments in this sector.
The elevator market in India is projected to surpass USD 1.6 billion in 2020* and bringing this industry under one roof, the next edition of the International Elevator and Escalator Expo (IEE Expo) 2020 will act as an instrumental platform to gauge market potential and meet core customers to develop top quality elevators for the country. The show that is set to kickstart from 27 February 2020, will host over 169 companies from six countries including India.
With new entrants from India itself showcased a 42% surge, the show witnesses a significant rise in investments opportunities and price competent technologies. Companies like Arkel, Akis Motors, ADCO, Bharat Bijlee, Butkon Asansör, Blain, Canny Elevator, Çelik Ray, EC India, Epic Elevators, Fermator, Genemek India, Inditech, Inova Automation, Giovenzana, Kinetic, MAS Industries, Marazzi, Montanari, Mahabali Steels, Mayr, Mona Drive, Sigma, Sicor, Raloe India, NBSL, Tectronics, and ZIEHL-ABEGG are some of the companies presenting their latest technologies at the trade fair.
Along with an array of solutions that will be displayed on the show floor, companies like IndiTech Systems would be launching technologies like Solar Elos, multi access systems and parallel control panels; Delta PD Pumps will be launching hydraulic valves; and Spectra Controls will launch technologies like Bucher hydraulic system lift power units and STEP Integrated Controller.
With the number of malls, commercial buildings, residential projects, metro and railway developments leading India a step closer to a ‘smart nation’, the elevator and escalator industry is looking at a secure and profitable future.