

The global market for Elevator IoT was valued at US$ 29680 million in the year 2024 and is projected to reach a revised size of US$ 78850 million by 2031, growing at a CAGR of 15.2% during the forecast period.
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%.
This report aims to provide a comprehensive presentation of the global market for Elevator IoT, 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 IoT.
The Elevator IoT market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Elevator IoT 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 IoT companies, new entrants, and industry chain related companies in this market with information on the revenues 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
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
Segment by Type
Hardware
Software
Services
Segment by Application
Residential
Commercial
Industrial
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Elevator IoT company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Elevator IoT Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Hardware
1.2.3 Software
1.2.4 Services
1.3 Market by Application
1.3.1 Global Elevator IoT Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Residential
1.3.3 Commercial
1.3.4 Industrial
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Elevator IoT Market Perspective (2020-2031)
2.2 Global Elevator IoT Growth Trends by Region
2.2.1 Global Elevator IoT Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Elevator IoT Historic Market Size by Region (2020-2025)
2.2.3 Elevator IoT Forecasted Market Size by Region (2026-2031)
2.3 Elevator IoT Market Dynamics
2.3.1 Elevator IoT Industry Trends
2.3.2 Elevator IoT Market Drivers
2.3.3 Elevator IoT Market Challenges
2.3.4 Elevator IoT Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Elevator IoT Players by Revenue
3.1.1 Global Top Elevator IoT Players by Revenue (2020-2025)
3.1.2 Global Elevator IoT Revenue Market Share by Players (2020-2025)
3.2 Global Elevator IoT Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Elevator IoT Revenue
3.4 Global Elevator IoT Market Concentration Ratio
3.4.1 Global Elevator IoT Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Elevator IoT Revenue in 2024
3.5 Global Key Players of Elevator IoT Head office and Area Served
3.6 Global Key Players of Elevator IoT, Product and Application
3.7 Global Key Players of Elevator IoT, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Elevator IoT Breakdown Data by Type
4.1 Global Elevator IoT Historic Market Size by Type (2020-2025)
4.2 Global Elevator IoT Forecasted Market Size by Type (2026-2031)
5 Elevator IoT Breakdown Data by Application
5.1 Global Elevator IoT Historic Market Size by Application (2020-2025)
5.2 Global Elevator IoT Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Elevator IoT Market Size (2020-2031)
6.2 North America Elevator IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Elevator IoT Market Size by Country (2020-2025)
6.4 North America Elevator IoT Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Elevator IoT Market Size (2020-2031)
7.2 Europe Elevator IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Elevator IoT Market Size by Country (2020-2025)
7.4 Europe Elevator IoT Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Elevator IoT Market Size (2020-2031)
8.2 Asia-Pacific Elevator IoT Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Elevator IoT Market Size by Region (2020-2025)
8.4 Asia-Pacific Elevator IoT Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Elevator IoT Market Size (2020-2031)
9.2 Latin America Elevator IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Elevator IoT Market Size by Country (2020-2025)
9.4 Latin America Elevator IoT Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Elevator IoT Market Size (2020-2031)
10.2 Middle East & Africa Elevator IoT Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Elevator IoT Market Size by Country (2020-2025)
10.4 Middle East & Africa Elevator IoT Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Otis Elevator Company
11.1.1 Otis Elevator Company Company Details
11.1.2 Otis Elevator Company Business Overview
11.1.3 Otis Elevator Company Elevator IoT Introduction
11.1.4 Otis Elevator Company Revenue in Elevator IoT Business (2020-2025)
11.1.5 Otis Elevator Company Recent Development
11.2 KONE Corporation
11.2.1 KONE Corporation Company Details
11.2.2 KONE Corporation Business Overview
11.2.3 KONE Corporation Elevator IoT Introduction
11.2.4 KONE Corporation Revenue in Elevator IoT Business (2020-2025)
11.2.5 KONE Corporation Recent Development
11.3 Schindler Group
11.3.1 Schindler Group Company Details
11.3.2 Schindler Group Business Overview
11.3.3 Schindler Group Elevator IoT Introduction
11.3.4 Schindler Group Revenue in Elevator IoT Business (2020-2025)
11.3.5 Schindler Group Recent Development
11.4 ThyssenKrupp AG
11.4.1 ThyssenKrupp AG Company Details
11.4.2 ThyssenKrupp AG Business Overview
11.4.3 ThyssenKrupp AG Elevator IoT Introduction
11.4.4 ThyssenKrupp AG Revenue in Elevator IoT Business (2020-2025)
11.4.5 ThyssenKrupp AG Recent Development
11.5 Mitsubishi Electric Corporation
11.5.1 Mitsubishi Electric Corporation Company Details
11.5.2 Mitsubishi Electric Corporation Business Overview
11.5.3 Mitsubishi Electric Corporation Elevator IoT Introduction
11.5.4 Mitsubishi Electric Corporation Revenue in Elevator IoT Business (2020-2025)
11.5.5 Mitsubishi Electric Corporation Recent Development
11.6 Toshiba Elevator
11.6.1 Toshiba Elevator Company Details
11.6.2 Toshiba Elevator Business Overview
11.6.3 Toshiba Elevator Elevator IoT Introduction
11.6.4 Toshiba Elevator Revenue in Elevator IoT Business (2020-2025)
11.6.5 Toshiba Elevator Recent Development
11.7 Hitachi
11.7.1 Hitachi Company Details
11.7.2 Hitachi Business Overview
11.7.3 Hitachi Elevator IoT Introduction
11.7.4 Hitachi Revenue in Elevator IoT Business (2020-2025)
11.7.5 Hitachi Recent Development
11.8 Fujitec
11.8.1 Fujitec Company Details
11.8.2 Fujitec Business Overview
11.8.3 Fujitec Elevator IoT Introduction
11.8.4 Fujitec Revenue in Elevator IoT Business (2020-2025)
11.8.5 Fujitec Recent Development
11.9 Hyundai Elevator
11.9.1 Hyundai Elevator Company Details
11.9.2 Hyundai Elevator Business Overview
11.9.3 Hyundai Elevator Elevator IoT Introduction
11.9.4 Hyundai Elevator Revenue in Elevator IoT Business (2020-2025)
11.9.5 Hyundai Elevator Recent Development
11.10 Digi International
11.10.1 Digi International Company Details
11.10.2 Digi International Business Overview
11.10.3 Digi International Elevator IoT Introduction
11.10.4 Digi International Revenue in Elevator IoT Business (2020-2025)
11.10.5 Digi International Recent Development
11.11 IBM
11.11.1 IBM Company Details
11.11.2 IBM Business Overview
11.11.3 IBM Elevator IoT Introduction
11.11.4 IBM Revenue in Elevator IoT Business (2020-2025)
11.11.5 IBM Recent Development
11.12 General Electric
11.12.1 General Electric Company Details
11.12.2 General Electric Business Overview
11.12.3 General Electric Elevator IoT Introduction
11.12.4 General Electric Revenue in Elevator IoT Business (2020-2025)
11.12.5 General Electric Recent Development
11.13 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹
11.13.1 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Company Details
11.13.2 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Business Overview
11.13.3 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Elevator IoT Introduction
11.13.4 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Revenue in Elevator IoT Business (2020-2025)
11.13.5 °Õ±ð±ô±ð´Úó²Ô¾±³¦²¹ Recent Development
11.14 Microsoft
11.14.1 Microsoft Company Details
11.14.2 Microsoft Business Overview
11.14.3 Microsoft Elevator IoT Introduction
11.14.4 Microsoft Revenue in Elevator IoT Business (2020-2025)
11.14.5 Microsoft Recent Development
11.15 Huawei
11.15.1 Huawei Company Details
11.15.2 Huawei Business Overview
11.15.3 Huawei Elevator IoT Introduction
11.15.4 Huawei Revenue in Elevator IoT Business (2020-2025)
11.15.5 Huawei Recent Development
11.16 Bosch
11.16.1 Bosch Company Details
11.16.2 Bosch Business Overview
11.16.3 Bosch Elevator IoT Introduction
11.16.4 Bosch Revenue in Elevator IoT Business (2020-2025)
11.16.5 Bosch Recent Development
11.17 Siemens
11.17.1 Siemens Company Details
11.17.2 Siemens Business Overview
11.17.3 Siemens Elevator IoT Introduction
11.17.4 Siemens Revenue in Elevator IoT Business (2020-2025)
11.17.5 Siemens Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
Otis Elevator Company
KONE Corporation
Schindler Group
ThyssenKrupp AG
Mitsubishi Electric Corporation
Toshiba Elevator
Hitachi
Fujitec
Hyundai Elevator
Digi International
IBM
General Electric
°Õ±ð±ô±ð´Úó²Ô¾±³¦²¹
Microsoft
Huawei
Bosch
Siemens
Ìý
Ìý
*If Applicable.