Newstrail
According to IMARC Group’s latest report, titled “Elevator Modernization Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027.’ the global elevator modernization market reached a value of US$ XX Billion in 2021. Elevator modernization refers to a process of upgrading and maintaining critical parts of an elevator to operate with enhanced operational efficiency and ensure optimum safety of the unit. It also involves improving the aesthetics of the existing elevators and embedding technologically advanced systems for longer operational life. Elevator modernizati…