The elevator drive is a special elevator drive designed for elevator applications. It can be applied to elevator systems with gears and gearless traction machines.
The global Elevator Drives market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
According to data released by the National Bureau of Statistics, China's elevator production in 2022 was 1.455 million units, which was down 5.8% compared to last year. After years of development, China has become the world's largest elevator producer and consumer. More than 70% of the world's elevator manufacturing business were in Chinese mainland, and 60%-65% of the world's elevators sold in the Chinese market. According to data from the China Elevator Association, by the end of 2022, the number of elevators registered in operation in China has reached 9.65 million, and more than 15,000 elevators have been installed after acceptance.
This report aims to provide a comprehensive presentation of the global market for Elevator Drives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevator Drives.
Report Scope
The Elevator Drives market size, estimations, and forecasts are provided in terms of output/shipments (K Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Elevator Drives market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Elevator Drives manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Yaskawa
ABB
Nidec
Delta
Sumitomo
Schneider Electric
WEG
Toshiba
Emerson
Fuji Electric
Karl E. Brinkmann GmbH
Columbus McKinnon Corporation
OMS Antriebstechnik eK
Claddagh Electronics Ltd
VEICHI Electric Co., Ltd
Hiconics Drive Technology
Shenzhen Inovance Tech
Segment by Type
AC Elevator Drives
DC Elevator Drives
Segment by Application
Commercial
Residential
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Elevator Drives manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Elevator Drives by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Elevator Drives in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
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1 Elevator Drives Market Overview
1.1 Product Definition
1.2 Elevator Drives Segment by Type
1.2.1 Global Elevator Drives Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 AC Elevator Drives
1.2.3 DC Elevator Drives
1.3 Elevator Drives Segment by Application
1.3.1 Global Elevator Drives Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Commercial
1.3.3 Residential
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Elevator Drives Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Elevator Drives Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Elevator Drives Production Estimates and Forecasts (2019-2030)
1.4.4 Global Elevator Drives Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Elevator Drives Production Market Share by Manufacturers (2019-2024)
2.2 Global Elevator Drives Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Elevator Drives, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Elevator Drives Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Elevator Drives Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Elevator Drives, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Elevator Drives, Product Offered and Application
2.8 Global Key Manufacturers of Elevator Drives, Date of Enter into This Industry
2.9 Elevator Drives Market Competitive Situation and Trends
2.9.1 Elevator Drives Market Concentration Rate
2.9.2 Global 5 and 10 Largest Elevator Drives Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Elevator Drives Production by Region
3.1 Global Elevator Drives Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Elevator Drives Production Value by Region (2019-2030)
3.2.1 Global Elevator Drives Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Elevator Drives by Region (2025-2030)
3.3 Global Elevator Drives Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Elevator Drives Production by Region (2019-2030)
3.4.1 Global Elevator Drives Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Elevator Drives by Region (2025-2030)
3.5 Global Elevator Drives Market Price Analysis by Region (2019-2024)
3.6 Global Elevator Drives Production and Value, Year-over-Year Growth
3.6.1 North America Elevator Drives Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Elevator Drives Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Elevator Drives Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Elevator Drives Production Value Estimates and Forecasts (2019-2030)
4 Elevator Drives Consumption by Region
4.1 Global Elevator Drives Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Elevator Drives Consumption by Region (2019-2030)
4.2.1 Global Elevator Drives Consumption by Region (2019-2024)
4.2.2 Global Elevator Drives Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Elevator Drives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Elevator Drives Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Elevator Drives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Elevator Drives Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Elevator Drives Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Elevator Drives Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Elevator Drives Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Elevator Drives Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Elevator Drives Production by Type (2019-2030)
5.1.1 Global Elevator Drives Production by Type (2019-2024)
5.1.2 Global Elevator Drives Production by Type (2025-2030)
5.1.3 Global Elevator Drives Production Market Share by Type (2019-2030)
5.2 Global Elevator Drives Production Value by Type (2019-2030)
5.2.1 Global Elevator Drives Production Value by Type (2019-2024)
5.2.2 Global Elevator Drives Production Value by Type (2025-2030)
5.2.3 Global Elevator Drives Production Value Market Share by Type (2019-2030)
5.3 Global Elevator Drives Price by Type (2019-2030)
6 Segment by Application
6.1 Global Elevator Drives Production by Application (2019-2030)
6.1.1 Global Elevator Drives Production by Application (2019-2024)
6.1.2 Global Elevator Drives Production by Application (2025-2030)
6.1.3 Global Elevator Drives Production Market Share by Application (2019-2030)
6.2 Global Elevator Drives Production Value by Application (2019-2030)
6.2.1 Global Elevator Drives Production Value by Application (2019-2024)
6.2.2 Global Elevator Drives Production Value by Application (2025-2030)
6.2.3 Global Elevator Drives Production Value Market Share by Application (2019-2030)
6.3 Global Elevator Drives Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Yaskawa
7.1.1 Yaskawa Elevator Drives Corporation Information
7.1.2 Yaskawa Elevator Drives Product Portfolio
7.1.3 Yaskawa Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Yaskawa Main Business and Markets Served
7.1.5 Yaskawa Recent Developments/Updates
7.2 ABB
7.2.1 ABB Elevator Drives Corporation Information
7.2.2 ABB Elevator Drives Product Portfolio
7.2.3 ABB Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.2.4 ABB Main Business and Markets Served
7.2.5 ABB Recent Developments/Updates
7.3 Nidec
7.3.1 Nidec Elevator Drives Corporation Information
7.3.2 Nidec Elevator Drives Product Portfolio
7.3.3 Nidec Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Nidec Main Business and Markets Served
7.3.5 Nidec Recent Developments/Updates
7.4 Delta
7.4.1 Delta Elevator Drives Corporation Information
7.4.2 Delta Elevator Drives Product Portfolio
7.4.3 Delta Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Delta Main Business and Markets Served
7.4.5 Delta Recent Developments/Updates
7.5 Sumitomo
7.5.1 Sumitomo Elevator Drives Corporation Information
7.5.2 Sumitomo Elevator Drives Product Portfolio
7.5.3 Sumitomo Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Sumitomo Main Business and Markets Served
7.5.5 Sumitomo Recent Developments/Updates
7.6 Schneider Electric
7.6.1 Schneider Electric Elevator Drives Corporation Information
7.6.2 Schneider Electric Elevator Drives Product Portfolio
7.6.3 Schneider Electric Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Schneider Electric Main Business and Markets Served
7.6.5 Schneider Electric Recent Developments/Updates
7.7 WEG
7.7.1 WEG Elevator Drives Corporation Information
7.7.2 WEG Elevator Drives Product Portfolio
7.7.3 WEG Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.7.4 WEG Main Business and Markets Served
7.7.5 WEG Recent Developments/Updates
7.8 Toshiba
7.8.1 Toshiba Elevator Drives Corporation Information
7.8.2 Toshiba Elevator Drives Product Portfolio
7.8.3 Toshiba Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Toshiba Main Business and Markets Served
7.7.5 Toshiba Recent Developments/Updates
7.9 Emerson
7.9.1 Emerson Elevator Drives Corporation Information
7.9.2 Emerson Elevator Drives Product Portfolio
7.9.3 Emerson Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Emerson Main Business and Markets Served
7.9.5 Emerson Recent Developments/Updates
7.10 Fuji Electric
7.10.1 Fuji Electric Elevator Drives Corporation Information
7.10.2 Fuji Electric Elevator Drives Product Portfolio
7.10.3 Fuji Electric Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Fuji Electric Main Business and Markets Served
7.10.5 Fuji Electric Recent Developments/Updates
7.11 Karl E. Brinkmann GmbH
7.11.1 Karl E. Brinkmann GmbH Elevator Drives Corporation Information
7.11.2 Karl E. Brinkmann GmbH Elevator Drives Product Portfolio
7.11.3 Karl E. Brinkmann GmbH Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Karl E. Brinkmann GmbH Main Business and Markets Served
7.11.5 Karl E. Brinkmann GmbH Recent Developments/Updates
7.12 Columbus McKinnon Corporation
7.12.1 Columbus McKinnon Corporation Elevator Drives Corporation Information
7.12.2 Columbus McKinnon Corporation Elevator Drives Product Portfolio
7.12.3 Columbus McKinnon Corporation Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Columbus McKinnon Corporation Main Business and Markets Served
7.12.5 Columbus McKinnon Corporation Recent Developments/Updates
7.13 OMS Antriebstechnik eK
7.13.1 OMS Antriebstechnik eK Elevator Drives Corporation Information
7.13.2 OMS Antriebstechnik eK Elevator Drives Product Portfolio
7.13.3 OMS Antriebstechnik eK Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.13.4 OMS Antriebstechnik eK Main Business and Markets Served
7.13.5 OMS Antriebstechnik eK Recent Developments/Updates
7.14 Claddagh Electronics Ltd
7.14.1 Claddagh Electronics Ltd Elevator Drives Corporation Information
7.14.2 Claddagh Electronics Ltd Elevator Drives Product Portfolio
7.14.3 Claddagh Electronics Ltd Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Claddagh Electronics Ltd Main Business and Markets Served
7.14.5 Claddagh Electronics Ltd Recent Developments/Updates
7.15 VEICHI Electric Co., Ltd
7.15.1 VEICHI Electric Co., Ltd Elevator Drives Corporation Information
7.15.2 VEICHI Electric Co., Ltd Elevator Drives Product Portfolio
7.15.3 VEICHI Electric Co., Ltd Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.15.4 VEICHI Electric Co., Ltd Main Business and Markets Served
7.15.5 VEICHI Electric Co., Ltd Recent Developments/Updates
7.16 Hiconics Drive Technology
7.16.1 Hiconics Drive Technology Elevator Drives Corporation Information
7.16.2 Hiconics Drive Technology Elevator Drives Product Portfolio
7.16.3 Hiconics Drive Technology Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.16.4 Hiconics Drive Technology Main Business and Markets Served
7.16.5 Hiconics Drive Technology Recent Developments/Updates
7.17 Shenzhen Inovance Tech
7.17.1 Shenzhen Inovance Tech Elevator Drives Corporation Information
7.17.2 Shenzhen Inovance Tech Elevator Drives Product Portfolio
7.17.3 Shenzhen Inovance Tech Elevator Drives Production, Value, Price and Gross Margin (2019-2024)
7.17.4 Shenzhen Inovance Tech Main Business and Markets Served
7.17.5 Shenzhen Inovance Tech Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Elevator Drives Industry Chain Analysis
8.2 Elevator Drives Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Elevator Drives Production Mode & Process
8.4 Elevator Drives Sales and Marketing
8.4.1 Elevator Drives Sales Channels
8.4.2 Elevator Drives Distributors
8.5 Elevator Drives Customers
9 Elevator Drives Market Dynamics
9.1 Elevator Drives Industry Trends
9.2 Elevator Drives Market Drivers
9.3 Elevator Drives Market Challenges
9.4 Elevator Drives Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Yaskawa
ABB
Nidec
Delta
Sumitomo
Schneider Electric
WEG
Toshiba
Emerson
Fuji Electric
Karl E. Brinkmann GmbH
Columbus McKinnon Corporation
OMS Antriebstechnik eK
Claddagh Electronics Ltd
VEICHI Electric Co., Ltd
Hiconics Drive Technology
Shenzhen Inovance Tech
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*If Applicable.