In recent years, with the sustained and rapid development of China's real estate industry, China's elevator industry has witnessed unprecedented prosperity. Analysis of the development trend of real estate industry in recent years, especially the rapid development of commercial housing, will make the demand for residential elevators continue to rise. In addition, in order to gradually increase the proportion of China's urban population, the country will accelerate the urban construction and take the road of urbanization economy.

In the field of architectural design, according to the relevant technical regulations and the established rules in the architectural field, the number of floors of buildings is generally divided into three categories, namely, low-rise, multi-storey and high-rise. The lower floors are below 3 floors, 4~6 floors are multi-floors, and 7~9 floors are high-floors, among which 7 ~ 9 floors are called middle and high-floors. However, in practical engineering design, the 10th and 11th floors are generally referred to as small high-rise buildings, and those over 100m are referred to as super-high buildings.

In the traditional sense, high-rise residential buildings are the main market of residential elevators. For ordinary high-rise residential buildings, it is not important that the decoration test is not fastidious and the configuration is high or not high-grade. What is important is that the price should be moderate and the operating cost should be low. Because the service subject of elevators in high-rise residential buildings is residents, and the cost of elevators is shared among the property costs, elevators in high-rise residential buildings should have the characteristics of energy saving. In addition, high-rise residential elevators should have the characteristics of low noise, environmental protection and easy maintenance. As far as residential buildings are concerned, the addition of elevators will undoubtedly increase the shared area and bring about area loss for owners and developers. The emergence of the elevator in the house without computer room saves the computer room, saves the space, and thus increases the interests of real estate developers. The hot sale of KONE's machine room-free residential elevators shows that the market prospect of machine room-free residential elevators will be very broad.

In the past, there was only a small demand for residential elevators in multi-storey houses, mainly exported to multi-storey houses and high-grade multi-storey apartments. With the increase of urban aging population and the improvement of people's quality of life, residents are eager to get convenient vertical transportation in their homes when they can enjoy good land public transportation services. However, the demand for elevator products in multi-storey residential buildings is steadily increasing. According to the data provided by Professor Zhu Changming of Shanghai Jiaotong University and Shanghai Elevator Association, there is great market potential for installing elevators in multi-storey residential buildings.

With the improvement of people's living standards, elevators in multi-storey residential buildings tend to be included in the basic functions of residential buildings. The installation of elevators in new buildings will greatly improve the residential function. Moreover, the cost of installing elevators in new buildings is about 100 yuan per square meter, which is much less than the cost of installing elevators in old buildings. Zhu Changming, a professor at Shanghai Jiao Tong University, who first proposed installing elevators in multi-storey buildings, suggested that multi-storey houses should start with elevators in new buildings. The newly built house with five or six floors should be arranged with elevators as basic supporting facilities. In the future, the competent authorities may restrict the construction of multi-storey houses without elevators. According to the present conception, elevators will be installed in houses with more than three floors, and the elevator market of multi-storey houses will become a hot spot, and the demand will increase greatly.

With the expansion of urban area, the contradiction between man and land will gradually intensify, and small and high-rise residential buildings will become the new development trend of urban residential buildings. Real estate experts predict that with the improvement of high-rise residential design, the improvement of utility rate, the change of residents' income conditions and living habits, especially the improvement of elevator technology, the market capacity of elevators in high-rise, small high-rise and multi-storey residential buildings will increase greatly, and residential elevators will occupy a dominant position in the elevator market.

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