Hitachi Elevator attends Langfang International Lift Expo 2019

The company aims to open up new elevator aftermarket segments with innovative solutions that address the needs of a changing social environment

LANGFANG,China,May 9,2019 -- Hitachi Elevator (China) Co.,Ltd. attended Langfang International Lift Expo 2019 which showcased technologies of the world's fastest elevators*1,escalators and moving sidewalks,as well as theelevator installation and smart elevator control system for existing buildings. Among other products,technologies and solutions,at its AI-powered,Hitachi Creates Better Life-themed booth,with the aim of addressing increasingly complex social topicsthrough its innovative approaches.

Hitachi Elevator attends Langfang International Lift Expo 2019

Take a lead in the AIoT (Artificial Intelligence of Things) sector

With continuous change and innovation taking place across the industry,Hitachi Elevator displayed the world's fastest elevator technologies,Destination Floor Reservation System (DFRS) and People Flow Analysis Technology (PFAT),with a focus on facilitating the transition to smart buildings at the event.

Hitachi depends on its leadership of IT and OT to combine traditional manufacture,AI and IoT etc. aiming to make the building transit more intelligent,safer and achieve sustainable development.

The Report of the State Council on 2019 indicates that the Chinese government is focusing on empowering the transformation of the manufacturing industry by building an industrial internet platform and expanding Intelligence+ applications. As a result,Hitachi Elevator is accelerating the development of its elevator-centered building system businessby its existing elevator resources.

Research,local development and industry scope expansion for building transit,as well as the monitor system,intelligent security system,property management,service robots and intelligent management for the aged are all through the prospective plan and opening up the derived fields to achieve.

Hitachi Elevator (China) president Jia Yuhui said that the company is building up close partnership with Alibaba and Tencent in IoT field in order to have joint exploration for smart city and smart buildings solutions.

Opening up new elevator aftermarket with huge potential

Publicly available data shows that China,which now has over 6.28 million elevators in operation,ranks the first in the world in terms of elevator ownership and annual sales. Elevator manufacturers are growing with a slower pace as a result of the real estate industry going through a transformation. However,the existing hugenumber of elevators in operation supports the continuous and stable growth of the elevator aftermarket as well as opens up new market segments consisting of elevator upgrades,modifications,installations and maintenancein existing buildings.

During the expo,Hitachi Elevator demonstrated how tooffer efficient science-based maintenance services with intelligent monitoring,analytics,diagnosis and maintenance technologies. More than 220,000 Hitachi elevators have been equipped with remote control terminals that adopt a big-data-based system to monitor the operation state of each Hitachi elevator around the clock.

The company also showcased LGE-E,with special design for installation in existing residential buildings. With its modular shafts and managed services,LGE-E responds precisely to the transformation needs of Chinese cities and helps Hitachi Elevator to expand market of the elevator installation for existing structures.

Hitachi Elevator also displayed a model of installation in existing buildings and provided a presentation of five popular installation approaches,all of which deliver greater flexibility in addressing the market needs with several custom shaft installation solutions.

Mr. Jia said that Hitachi Elevator received orders for over 87,000 elevators in 2018,more than 73,000units had already been installed. As now the market is turning from a incremental market to stock market,the aftermarket with advanced technology and service has huge prospect and promote the development of elevator industry. Hitachi Elevator plans to accelerate its investment in developing promising elevator aftermarket segments.

Expanding globally while contributing to the Chinese government's Belt and Road initiative

Hitachi Elevator is strengthening its presence in China,the firm's largest market outside of its home base in Japan,while accelerating global expansion. By capitalizing on the ongoing implementation of Chinese government's Belt and Road Initiative and the strategic relationships with property developer partners who continue to move into the international arena,the company has successfully provided products and services for projects in Malaysia,Cambodia and Laos,among other Southeast Asian countries. Additionally,Hitachi Elevator is also leveraging its leading resources to expand into Australia with the support of global partners.

As part of its global expansion efforts,Hitachi Elevator continues developing more unified products that are integrated with its services with the aim of accelerating its expansion in international markets by promoting global unified standards-based common basic systems encompassing design,production and IT.

Hitachi Elevator plans to accelerate innovative solutions with partners as China moves into the next phase in the implementation of the reform and opening-up policies with a goal of addressing complex social topics and contributing to the sustainable development of the greater society.

*1: based on Hitachi Elevator's survey reports,as of June 2017

Photo- https://photos.prnasia.com/prnh/20190427/2448914-1

Video- https://cdn4.prnasia.com/002071/mnr/201904/hitachi/video1.mp4