

The global market for Smart Elevator Components was valued at US$ 1526 million in the year 2024 and is projected to reach a revised size of US$ 2323 million by 2031, growing at a CAGR of 6.6% during the forecast period.
Smart Elevator uses the IoT system to record the entire cycle of IoT elevators from manufacturing to scrapping, as well as all key information files. It can also use big data analysis methods to count indicators such as fault types, secondary repair rates, and maintenance cycles.
North American market for Smart Elevator Components is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
Asia-Pacific market for Smart Elevator Components is estimated to increase from $ million in 2024 to reach $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The global market for Smart Elevator Components in Residential Elevators is estimated to increase from $ million in 2024 to $ million by 2031, at a CAGR of % during the forecast period of 2025 through 2031.
The major global companies of Smart Elevator Components include Robustel, Birla Group, Shanghai STEP Electric Corporation, Shenzhen Haiyida Technology Co., Ltd, Mitsubishi Elevator, Inovance, Shenzhen INVT Electric Co., Ltd, Jiangsu Huahong Technology, Hangzhou Huning Elevator Parts Co., Ltd, etc. In 2024, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Smart Elevator Components, 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 Smart Elevator Components.
The Smart Elevator Components 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 Smart Elevator Components 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 Smart Elevator Components 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
Robustel
Birla Group
Shanghai STEP Electric Corporation
Shenzhen Haiyida Technology Co., Ltd
Mitsubishi Elevator
Inovance
Shenzhen INVT Electric Co., Ltd
Jiangsu Huahong Technology
Hangzhou Huning Elevator Parts Co., Ltd
Segment by Type
Elevator Controller
Control Panels
Access Control Systems
Others
Segment by Application
Residential Elevators
Commercial Elevators
Others
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 Smart Elevator Components 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 Smart Elevator Components Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Elevator Controller
1.2.3 Control Panels
1.2.4 Access Control Systems
1.2.5 Others
1.3 Market by Application
1.3.1 Global Smart Elevator Components Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Residential Elevators
1.3.3 Commercial Elevators
1.3.4 Others
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global Smart Elevator Components Market Perspective (2020-2031)
2.2 Global Smart Elevator Components Growth Trends by Region
2.2.1 Global Smart Elevator Components Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 Smart Elevator Components Historic Market Size by Region (2020-2025)
2.2.3 Smart Elevator Components Forecasted Market Size by Region (2026-2031)
2.3 Smart Elevator Components Market Dynamics
2.3.1 Smart Elevator Components Industry Trends
2.3.2 Smart Elevator Components Market Drivers
2.3.3 Smart Elevator Components Market Challenges
2.3.4 Smart Elevator Components Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Smart Elevator Components Players by Revenue
3.1.1 Global Top Smart Elevator Components Players by Revenue (2020-2025)
3.1.2 Global Smart Elevator Components Revenue Market Share by Players (2020-2025)
3.2 Global Top Smart Elevator Components Players by Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by Smart Elevator Components Revenue
3.4 Global Smart Elevator Components Market Concentration Ratio
3.4.1 Global Smart Elevator Components Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Smart Elevator Components Revenue in 2024
3.5 Global Key Players of Smart Elevator Components Head office and Area Served
3.6 Global Key Players of Smart Elevator Components, Product and Application
3.7 Global Key Players of Smart Elevator Components, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 Smart Elevator Components Breakdown Data by Type
4.1 Global Smart Elevator Components Historic Market Size by Type (2020-2025)
4.2 Global Smart Elevator Components Forecasted Market Size by Type (2026-2031)
5 Smart Elevator Components Breakdown Data by Application
5.1 Global Smart Elevator Components Historic Market Size by Application (2020-2025)
5.2 Global Smart Elevator Components Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America Smart Elevator Components Market Size (2020-2031)
6.2 North America Smart Elevator Components Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America Smart Elevator Components Market Size by Country (2020-2025)
6.4 North America Smart Elevator Components Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Smart Elevator Components Market Size (2020-2031)
7.2 Europe Smart Elevator Components Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe Smart Elevator Components Market Size by Country (2020-2025)
7.4 Europe Smart Elevator Components 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 Smart Elevator Components Market Size (2020-2031)
8.2 Asia-Pacific Smart Elevator Components Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific Smart Elevator Components Market Size by Region (2020-2025)
8.4 Asia-Pacific Smart Elevator Components 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 Smart Elevator Components Market Size (2020-2031)
9.2 Latin America Smart Elevator Components Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America Smart Elevator Components Market Size by Country (2020-2025)
9.4 Latin America Smart Elevator Components Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Smart Elevator Components Market Size (2020-2031)
10.2 Middle East & Africa Smart Elevator Components Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa Smart Elevator Components Market Size by Country (2020-2025)
10.4 Middle East & Africa Smart Elevator Components Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Robustel
11.1.1 Robustel Company Details
11.1.2 Robustel Business Overview
11.1.3 Robustel Smart Elevator Components Introduction
11.1.4 Robustel Revenue in Smart Elevator Components Business (2020-2025)
11.1.5 Robustel Recent Development
11.2 Birla Group
11.2.1 Birla Group Company Details
11.2.2 Birla Group Business Overview
11.2.3 Birla Group Smart Elevator Components Introduction
11.2.4 Birla Group Revenue in Smart Elevator Components Business (2020-2025)
11.2.5 Birla Group Recent Development
11.3 Shanghai STEP Electric Corporation
11.3.1 Shanghai STEP Electric Corporation Company Details
11.3.2 Shanghai STEP Electric Corporation Business Overview
11.3.3 Shanghai STEP Electric Corporation Smart Elevator Components Introduction
11.3.4 Shanghai STEP Electric Corporation Revenue in Smart Elevator Components Business (2020-2025)
11.3.5 Shanghai STEP Electric Corporation Recent Development
11.4 Shenzhen Haiyida Technology Co., Ltd
11.4.1 Shenzhen Haiyida Technology Co., Ltd Company Details
11.4.2 Shenzhen Haiyida Technology Co., Ltd Business Overview
11.4.3 Shenzhen Haiyida Technology Co., Ltd Smart Elevator Components Introduction
11.4.4 Shenzhen Haiyida Technology Co., Ltd Revenue in Smart Elevator Components Business (2020-2025)
11.4.5 Shenzhen Haiyida Technology Co., Ltd Recent Development
11.5 Mitsubishi Elevator
11.5.1 Mitsubishi Elevator Company Details
11.5.2 Mitsubishi Elevator Business Overview
11.5.3 Mitsubishi Elevator Smart Elevator Components Introduction
11.5.4 Mitsubishi Elevator Revenue in Smart Elevator Components Business (2020-2025)
11.5.5 Mitsubishi Elevator Recent Development
11.6 Inovance
11.6.1 Inovance Company Details
11.6.2 Inovance Business Overview
11.6.3 Inovance Smart Elevator Components Introduction
11.6.4 Inovance Revenue in Smart Elevator Components Business (2020-2025)
11.6.5 Inovance Recent Development
11.7 Shenzhen INVT Electric Co., Ltd
11.7.1 Shenzhen INVT Electric Co., Ltd Company Details
11.7.2 Shenzhen INVT Electric Co., Ltd Business Overview
11.7.3 Shenzhen INVT Electric Co., Ltd Smart Elevator Components Introduction
11.7.4 Shenzhen INVT Electric Co., Ltd Revenue in Smart Elevator Components Business (2020-2025)
11.7.5 Shenzhen INVT Electric Co., Ltd Recent Development
11.8 Jiangsu Huahong Technology
11.8.1 Jiangsu Huahong Technology Company Details
11.8.2 Jiangsu Huahong Technology Business Overview
11.8.3 Jiangsu Huahong Technology Smart Elevator Components Introduction
11.8.4 Jiangsu Huahong Technology Revenue in Smart Elevator Components Business (2020-2025)
11.8.5 Jiangsu Huahong Technology Recent Development
11.9 Hangzhou Huning Elevator Parts Co., Ltd
11.9.1 Hangzhou Huning Elevator Parts Co., Ltd Company Details
11.9.2 Hangzhou Huning Elevator Parts Co., Ltd Business Overview
11.9.3 Hangzhou Huning Elevator Parts Co., Ltd Smart Elevator Components Introduction
11.9.4 Hangzhou Huning Elevator Parts Co., Ltd Revenue in Smart Elevator Components Business (2020-2025)
11.9.5 Hangzhou Huning Elevator Parts Co., Ltd 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
Robustel
Birla Group
Shanghai STEP Electric Corporation
Shenzhen Haiyida Technology Co., Ltd
Mitsubishi Elevator
Inovance
Shenzhen INVT Electric Co., Ltd
Jiangsu Huahong Technology
Hangzhou Huning Elevator Parts Co., Ltd
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*If Applicable.