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Elevator Drives-Global Market Insights and Sales Trends 2024
Synopsis
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 size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Elevator Drives in various end use industries. The expanding demands from the Commercial, Residential and Others,, are propelling Elevator Drives market. AC Elevator Drives, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC Elevator Drives segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Elevator Drives, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Elevator Drives market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Elevator Drives market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevator Drives sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Elevator Drives covered in this report include Yaskawa, ABB, Nidec, Delta, Sumitomo, Schneider Electric, WEG, Toshiba and Emerson, etc.
The global Elevator Drives market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Elevator Drives market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Elevator Drives market, Segment by Type:
AC Elevator Drives
DC Elevator Drives
Global Elevator Drives market, by Application
Commercial
Residential
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Elevator Drives manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Elevator Drives in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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 size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Elevator Drives in various end use industries. The expanding demands from the Commercial, Residential and Others,, are propelling Elevator Drives market. AC Elevator Drives, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the DC Elevator Drives segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Elevator Drives, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Elevator Drives market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Elevator Drives market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevator Drives sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Elevator Drives covered in this report include Yaskawa, ABB, Nidec, Delta, Sumitomo, Schneider Electric, WEG, Toshiba and Emerson, etc.
The global Elevator Drives market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Elevator Drives market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Elevator Drives market, Segment by Type:
AC Elevator Drives
DC Elevator Drives
Global Elevator Drives market, by Application
Commercial
Residential
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Elevator Drives manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Elevator Drives in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Elevator Drives Market Overview
1.1 Elevator Drives Product Overview
1.2 Elevator Drives Market Segment by Type
1.2.1 AC Elevator Drives
1.2.2 DC Elevator Drives
1.3 Global Elevator Drives Market Size by Type
1.3.1 Global Elevator Drives Market Size Overview by Type (2018-2029)
1.3.2 Global Elevator Drives Historic Market Size Review by Type (2018-2023)
1.3.3 Global Elevator Drives Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Elevator Drives Sales Breakdown by Type (2018-2023)
1.4.2 Europe Elevator Drives Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Elevator Drives Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Elevator Drives Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Elevator Drives Sales Breakdown by Type (2018-2023)
2 Global Elevator Drives Market Competition by Company
2.1 Global Top Players by Elevator Drives Sales (2018-2023)
2.2 Global Top Players by Elevator Drives Revenue (2018-2023)
2.3 Global Top Players by Elevator Drives Price (2018-2023)
2.4 Global Top Manufacturers Elevator Drives Manufacturing Base Distribution, Sales Area, Product Type
2.5 Elevator Drives Market Competitive Situation and Trends
2.5.1 Elevator Drives Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Elevator Drives Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Elevator Drives as of 2022)
2.7 Date of Key Manufacturers Enter into Elevator Drives Market
2.8 Key Manufacturers Elevator Drives Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Elevator Drives Status and Outlook by Region
3.1 Global Elevator Drives Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Elevator Drives Historic Market Size by Region
3.2.1 Global Elevator Drives Sales in Volume by Region (2018-2023)
3.2.2 Global Elevator Drives Sales in Value by Region (2018-2023)
3.2.3 Global Elevator Drives Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Elevator Drives Forecasted Market Size by Region
3.3.1 Global Elevator Drives Sales in Volume by Region (2024-2029)
3.3.2 Global Elevator Drives Sales in Value by Region (2024-2029)
3.3.3 Global Elevator Drives Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Elevator Drives by Application
4.1 Elevator Drives Market Segment by Application
4.1.1 Commercial
4.1.2 Residential
4.1.3 Others
4.2 Global Elevator Drives Market Size by Application
4.2.1 Global Elevator Drives Market Size Overview by Application (2018-2029)
4.2.2 Global Elevator Drives Historic Market Size Review by Application (2018-2023)
4.2.3 Global Elevator Drives Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Elevator Drives Sales Breakdown by Application (2018-2023)
4.3.2 Europe Elevator Drives Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Elevator Drives Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Elevator Drives Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Elevator Drives Sales Breakdown by Application (2018-2023)
5 North America Elevator Drives by Country
5.1 North America Elevator Drives Historic Market Size by Country
5.1.1 North America Elevator Drives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Elevator Drives Sales in Volume by Country (2018-2023)
5.1.3 North America Elevator Drives Sales in Value by Country (2018-2023)
5.2 North America Elevator Drives Forecasted Market Size by Country
5.2.1 North America Elevator Drives Sales in Volume by Country (2024-2029)
5.2.2 North America Elevator Drives Sales in Value by Country (2024-2029)
6 Europe Elevator Drives by Country
6.1 Europe Elevator Drives Historic Market Size by Country
6.1.1 Europe Elevator Drives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Elevator Drives Sales in Volume by Country (2018-2023)
6.1.3 Europe Elevator Drives Sales in Value by Country (2018-2023)
6.2 Europe Elevator Drives Forecasted Market Size by Country
6.2.1 Europe Elevator Drives Sales in Volume by Country (2024-2029)
6.2.2 Europe Elevator Drives Sales in Value by Country (2024-2029)
7 Asia-Pacific Elevator Drives by Region
7.1 Asia-Pacific Elevator Drives Historic Market Size by Region
7.1.1 Asia-Pacific Elevator Drives Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Elevator Drives Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Elevator Drives Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Elevator Drives Forecasted Market Size by Region
7.2.1 Asia-Pacific Elevator Drives Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Elevator Drives Sales in Value by Region (2024-2029)
8 Latin America Elevator Drives by Country
8.1 Latin America Elevator Drives Historic Market Size by Country
8.1.1 Latin America Elevator Drives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Elevator Drives Sales in Volume by Country (2018-2023)
8.1.3 Latin America Elevator Drives Sales in Value by Country (2018-2023)
8.2 Latin America Elevator Drives Forecasted Market Size by Country
8.2.1 Latin America Elevator Drives Sales in Volume by Country (2024-2029)
8.2.2 Latin America Elevator Drives Sales in Value by Country (2024-2029)
9 Middle East and Africa Elevator Drives by Country
9.1 Middle East and Africa Elevator Drives Historic Market Size by Country
9.1.1 Middle East and Africa Elevator Drives Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Elevator Drives Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Elevator Drives Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Elevator Drives Forecasted Market Size by Country
9.2.1 Middle East and Africa Elevator Drives Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Elevator Drives Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Yaskawa
10.1.1 Yaskawa Company Information
10.1.2 Yaskawa Introduction and Business Overview
10.1.3 Yaskawa Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Yaskawa Elevator Drives Products Offered
10.1.5 Yaskawa Recent Development
10.2 ABB
10.2.1 ABB Company Information
10.2.2 ABB Introduction and Business Overview
10.2.3 ABB Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.2.4 ABB Elevator Drives Products Offered
10.2.5 ABB Recent Development
10.3 Nidec
10.3.1 Nidec Company Information
10.3.2 Nidec Introduction and Business Overview
10.3.3 Nidec Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nidec Elevator Drives Products Offered
10.3.5 Nidec Recent Development
10.4 Delta
10.4.1 Delta Company Information
10.4.2 Delta Introduction and Business Overview
10.4.3 Delta Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Delta Elevator Drives Products Offered
10.4.5 Delta Recent Development
10.5 Sumitomo
10.5.1 Sumitomo Company Information
10.5.2 Sumitomo Introduction and Business Overview
10.5.3 Sumitomo Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Sumitomo Elevator Drives Products Offered
10.5.5 Sumitomo Recent Development
10.6 Schneider Electric
10.6.1 Schneider Electric Company Information
10.6.2 Schneider Electric Introduction and Business Overview
10.6.3 Schneider Electric Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Schneider Electric Elevator Drives Products Offered
10.6.5 Schneider Electric Recent Development
10.7 WEG
10.7.1 WEG Company Information
10.7.2 WEG Introduction and Business Overview
10.7.3 WEG Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.7.4 WEG Elevator Drives Products Offered
10.7.5 WEG Recent Development
10.8 Toshiba
10.8.1 Toshiba Company Information
10.8.2 Toshiba Introduction and Business Overview
10.8.3 Toshiba Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Toshiba Elevator Drives Products Offered
10.8.5 Toshiba Recent Development
10.9 Emerson
10.9.1 Emerson Company Information
10.9.2 Emerson Introduction and Business Overview
10.9.3 Emerson Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Emerson Elevator Drives Products Offered
10.9.5 Emerson Recent Development
10.10 Fuji Electric
10.10.1 Fuji Electric Company Information
10.10.2 Fuji Electric Introduction and Business Overview
10.10.3 Fuji Electric Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Fuji Electric Elevator Drives Products Offered
10.10.5 Fuji Electric Recent Development
10.11 Karl E. Brinkmann GmbH
10.11.1 Karl E. Brinkmann GmbH Company Information
10.11.2 Karl E. Brinkmann GmbH Introduction and Business Overview
10.11.3 Karl E. Brinkmann GmbH Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Karl E. Brinkmann GmbH Elevator Drives Products Offered
10.11.5 Karl E. Brinkmann GmbH Recent Development
10.12 Columbus McKinnon Corporation
10.12.1 Columbus McKinnon Corporation Company Information
10.12.2 Columbus McKinnon Corporation Introduction and Business Overview
10.12.3 Columbus McKinnon Corporation Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Columbus McKinnon Corporation Elevator Drives Products Offered
10.12.5 Columbus McKinnon Corporation Recent Development
10.13 OMS Antriebstechnik eK
10.13.1 OMS Antriebstechnik eK Company Information
10.13.2 OMS Antriebstechnik eK Introduction and Business Overview
10.13.3 OMS Antriebstechnik eK Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.13.4 OMS Antriebstechnik eK Elevator Drives Products Offered
10.13.5 OMS Antriebstechnik eK Recent Development
10.14 Claddagh Electronics Ltd
10.14.1 Claddagh Electronics Ltd Company Information
10.14.2 Claddagh Electronics Ltd Introduction and Business Overview
10.14.3 Claddagh Electronics Ltd Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Claddagh Electronics Ltd Elevator Drives Products Offered
10.14.5 Claddagh Electronics Ltd Recent Development
10.15 VEICHI Electric Co., Ltd
10.15.1 VEICHI Electric Co., Ltd Company Information
10.15.2 VEICHI Electric Co., Ltd Introduction and Business Overview
10.15.3 VEICHI Electric Co., Ltd Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.15.4 VEICHI Electric Co., Ltd Elevator Drives Products Offered
10.15.5 VEICHI Electric Co., Ltd Recent Development
10.16 Hiconics Drive Technology
10.16.1 Hiconics Drive Technology Company Information
10.16.2 Hiconics Drive Technology Introduction and Business Overview
10.16.3 Hiconics Drive Technology Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.16.4 Hiconics Drive Technology Elevator Drives Products Offered
10.16.5 Hiconics Drive Technology Recent Development
10.17 Shenzhen Inovance Tech
10.17.1 Shenzhen Inovance Tech Company Information
10.17.2 Shenzhen Inovance Tech Introduction and Business Overview
10.17.3 Shenzhen Inovance Tech Elevator Drives Sales, Revenue and Gross Margin (2018-2023)
10.17.4 Shenzhen Inovance Tech Elevator Drives Products Offered
10.17.5 Shenzhen Inovance Tech Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Elevator Drives Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Elevator Drives Industrial Chain Analysis
11.4 Elevator Drives Market Dynamics
11.4.1 Elevator Drives Industry Trends
11.4.2 Elevator Drives Market Drivers
11.4.3 Elevator Drives Market Challenges
11.4.4 Elevator Drives Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Elevator Drives Distributors
12.3 Elevator Drives Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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