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Elevators Safety System Market Restraints Include High Costs, Regulatory Complexity, and Technical Challenges
The Elevators Safety System Market encounters several restraints that influence growth, adoption, and market dynamics. One major challenge is the high cost of advanced safety systems. IoT-enabled sensors, AI-driven predictive maintenance, energy-efficient drives, and integrated safety mechanisms require significant upfront investment. High costs can slow adoption, particularly in small- and...
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