

The global Elevator IoT market size was valued at US$ 21920 million in 2023. With growing demand in downstream market, the Elevator IoT is forecast to a readjusted size of US$ 61100 million by 2030 with a CAGR of 15.8% during review period.
The research report highlights the growth potential of the global Elevator IoT market. Elevator IoT are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Elevator IoT. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Elevator IoT market.
Elevator IoT solution is designed to gradually increase the raw data collection from elevators and their operating environment to create actionable Preventive and Predictive tasks to reduce maintenance costs and minimize failure rates.
The leading players of the Elevator IoT mainly are Otis, Kone, ThyssenKrupp, Schindler, and Mitsubishi Electric. Otis is the largest manufacturer; The next is Kone and Schindler.Elevator IoT is widely used in Residential Area, Commercial Office and Industrial Area. The most proportion of Elevator is used in Residential Area, and the proportion in 2018 is 53.27%.
Key Features:
The report on Elevator IoT market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Elevator IoT market. It may include historical data, market segmentation by Type (e.g., Hardware, Software), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Elevator IoT market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Elevator IoT market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Elevator IoT industry. This include advancements in Elevator IoT technology, Elevator IoT new entrants, Elevator IoT new investment, and other innovations that are shaping the future of Elevator IoT.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Elevator IoT market. It includes factors influencing customer ' purchasing decisions, preferences for Elevator IoT product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Elevator IoT market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Elevator IoT market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Elevator IoT market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Elevator IoT industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Elevator IoT market.
Market Segmentation:
Elevator IoT market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Hardware
Software
Services
Segmentation by application
Residential
Commercial
Industrial
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Otis Elevator Company
KONE Corporation
Schindler Group
ThyssenKrupp AG
Mitsubishi Electric Corporation
Toshiba Elevator
Hitachi
Fujitec
Hyundai Elevator
Digi International
IBM
General Electric
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Microsoft
Huawei
Bosch
Siemens
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Elevator IoT Market Size 2019-2030
2.1.2 Elevator IoT Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Elevator IoT Segment by Type
2.2.1 Hardware
2.2.2 Software
2.2.3 Services
2.3 Elevator IoT Market Size by Type
2.3.1 Elevator IoT Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Elevator IoT Market Size Market Share by Type (2019-2024)
2.4 Elevator IoT Segment by Application
2.4.1 Residential
2.4.2 Commercial
2.4.3 Industrial
2.5 Elevator IoT Market Size by Application
2.5.1 Elevator IoT Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Elevator IoT Market Size Market Share by Application (2019-2024)
3 Elevator IoT Market Size by Player
3.1 Elevator IoT Market Size Market Share by Players
3.1.1 Global Elevator IoT Revenue by Players (2019-2024)
3.1.2 Global Elevator IoT Revenue Market Share by Players (2019-2024)
3.2 Global Elevator IoT Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Elevator IoT by Regions
4.1 Elevator IoT Market Size by Regions (2019-2024)
4.2 Americas Elevator IoT Market Size Growth (2019-2024)
4.3 APAC Elevator IoT Market Size Growth (2019-2024)
4.4 Europe Elevator IoT Market Size Growth (2019-2024)
4.5 Middle East & Africa Elevator IoT Market Size Growth (2019-2024)
5 Americas
5.1 Americas Elevator IoT Market Size by Country (2019-2024)
5.2 Americas Elevator IoT Market Size by Type (2019-2024)
5.3 Americas Elevator IoT Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Elevator IoT Market Size by Region (2019-2024)
6.2 APAC Elevator IoT Market Size by Type (2019-2024)
6.3 APAC Elevator IoT Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Elevator IoT by Country (2019-2024)
7.2 Europe Elevator IoT Market Size by Type (2019-2024)
7.3 Europe Elevator IoT Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Elevator IoT by Region (2019-2024)
8.2 Middle East & Africa Elevator IoT Market Size by Type (2019-2024)
8.3 Middle East & Africa Elevator IoT Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Elevator IoT Market Forecast
10.1 Global Elevator IoT Forecast by Regions (2025-2030)
10.1.1 Global Elevator IoT Forecast by Regions (2025-2030)
10.1.2 Americas Elevator IoT Forecast
10.1.3 APAC Elevator IoT Forecast
10.1.4 Europe Elevator IoT Forecast
10.1.5 Middle East & Africa Elevator IoT Forecast
10.2 Americas Elevator IoT Forecast by Country (2025-2030)
10.2.1 United States Elevator IoT Market Forecast
10.2.2 Canada Elevator IoT Market Forecast
10.2.3 Mexico Elevator IoT Market Forecast
10.2.4 Brazil Elevator IoT Market Forecast
10.3 APAC Elevator IoT Forecast by Region (2025-2030)
10.3.1 China Elevator IoT Market Forecast
10.3.2 Japan Elevator IoT Market Forecast
10.3.3 Korea Elevator IoT Market Forecast
10.3.4 Southeast Asia Elevator IoT Market Forecast
10.3.5 India Elevator IoT Market Forecast
10.3.6 Australia Elevator IoT Market Forecast
10.4 Europe Elevator IoT Forecast by Country (2025-2030)
10.4.1 Germany Elevator IoT Market Forecast
10.4.2 France Elevator IoT Market Forecast
10.4.3 UK Elevator IoT Market Forecast
10.4.4 Italy Elevator IoT Market Forecast
10.4.5 Russia Elevator IoT Market Forecast
10.5 Middle East & Africa Elevator IoT Forecast by Region (2025-2030)
10.5.1 Egypt Elevator IoT Market Forecast
10.5.2 South Africa Elevator IoT Market Forecast
10.5.3 Israel Elevator IoT Market Forecast
10.5.4 Turkey Elevator IoT Market Forecast
10.5.5 GCC Countries Elevator IoT Market Forecast
10.6 Global Elevator IoT Forecast by Type (2025-2030)
10.7 Global Elevator IoT Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Otis Elevator Company
11.1.1 Otis Elevator Company Company Information
11.1.2 Otis Elevator Company Elevator IoT Product Offered
11.1.3 Otis Elevator Company Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Otis Elevator Company Main Business Overview
11.1.5 Otis Elevator Company Latest Developments
11.2 KONE Corporation
11.2.1 KONE Corporation Company Information
11.2.2 KONE Corporation Elevator IoT Product Offered
11.2.3 KONE Corporation Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 KONE Corporation Main Business Overview
11.2.5 KONE Corporation Latest Developments
11.3 Schindler Group
11.3.1 Schindler Group Company Information
11.3.2 Schindler Group Elevator IoT Product Offered
11.3.3 Schindler Group Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Schindler Group Main Business Overview
11.3.5 Schindler Group Latest Developments
11.4 ThyssenKrupp AG
11.4.1 ThyssenKrupp AG Company Information
11.4.2 ThyssenKrupp AG Elevator IoT Product Offered
11.4.3 ThyssenKrupp AG Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 ThyssenKrupp AG Main Business Overview
11.4.5 ThyssenKrupp AG Latest Developments
11.5 Mitsubishi Electric Corporation
11.5.1 Mitsubishi Electric Corporation Company Information
11.5.2 Mitsubishi Electric Corporation Elevator IoT Product Offered
11.5.3 Mitsubishi Electric Corporation Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Mitsubishi Electric Corporation Main Business Overview
11.5.5 Mitsubishi Electric Corporation Latest Developments
11.6 Toshiba Elevator
11.6.1 Toshiba Elevator Company Information
11.6.2 Toshiba Elevator Elevator IoT Product Offered
11.6.3 Toshiba Elevator Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Toshiba Elevator Main Business Overview
11.6.5 Toshiba Elevator Latest Developments
11.7 Hitachi
11.7.1 Hitachi Company Information
11.7.2 Hitachi Elevator IoT Product Offered
11.7.3 Hitachi Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Hitachi Main Business Overview
11.7.5 Hitachi Latest Developments
11.8 Fujitec
11.8.1 Fujitec Company Information
11.8.2 Fujitec Elevator IoT Product Offered
11.8.3 Fujitec Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Fujitec Main Business Overview
11.8.5 Fujitec Latest Developments
11.9 Hyundai Elevator
11.9.1 Hyundai Elevator Company Information
11.9.2 Hyundai Elevator Elevator IoT Product Offered
11.9.3 Hyundai Elevator Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Hyundai Elevator Main Business Overview
11.9.5 Hyundai Elevator Latest Developments
11.10 Digi International
11.10.1 Digi International Company Information
11.10.2 Digi International Elevator IoT Product Offered
11.10.3 Digi International Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Digi International Main Business Overview
11.10.5 Digi International Latest Developments
11.11 IBM
11.11.1 IBM Company Information
11.11.2 IBM Elevator IoT Product Offered
11.11.3 IBM Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 IBM Main Business Overview
11.11.5 IBM Latest Developments
11.12 General Electric
11.12.1 General Electric Company Information
11.12.2 General Electric Elevator IoT Product Offered
11.12.3 General Electric Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 General Electric Main Business Overview
11.12.5 General Electric Latest Developments
11.13 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹
11.13.1 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Company Information
11.13.2 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Elevator IoT Product Offered
11.13.3 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Main Business Overview
11.13.5 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Latest Developments
11.14 Microsoft
11.14.1 Microsoft Company Information
11.14.2 Microsoft Elevator IoT Product Offered
11.14.3 Microsoft Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 Microsoft Main Business Overview
11.14.5 Microsoft Latest Developments
11.15 Huawei
11.15.1 Huawei Company Information
11.15.2 Huawei Elevator IoT Product Offered
11.15.3 Huawei Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 Huawei Main Business Overview
11.15.5 Huawei Latest Developments
11.16 Bosch
11.16.1 Bosch Company Information
11.16.2 Bosch Elevator IoT Product Offered
11.16.3 Bosch Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 Bosch Main Business Overview
11.16.5 Bosch Latest Developments
11.17 Siemens
11.17.1 Siemens Company Information
11.17.2 Siemens Elevator IoT Product Offered
11.17.3 Siemens Elevator IoT Revenue, Gross Margin and Market Share (2019-2024)
11.17.4 Siemens Main Business Overview
11.17.5 Siemens Latest Developments
12 Research Findings and Conclusion
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*If Applicable.