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Elevator Inverter-Global Market Insights and Sales Trends 2025
Synopsis
The global Elevator Inverter 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 Inverter in various end use industries. The expanding demands from the Hotels, Retail, Residential and Transportation, are propelling Elevator Inverter market. Automatic, 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 Semi-automatic 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 Inverter, 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 Inverter 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 Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevator Inverter 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 Inverter covered in this report include Toshiba Corporation, Otis Elevator Company, Mitsubishi Electric Corporation, Schindler Holding Ltd, Hitachi Ltd, Fujitec Co, ThyssenKrupp AG, KONE Corporation and Kleemann Hellas SA, etc.
The global Elevator Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toshiba Corporation
Otis Elevator Company
Mitsubishi Electric Corporation
Schindler Holding Ltd
Hitachi Ltd
Fujitec Co
ThyssenKrupp AG
KONE Corporation
Kleemann Hellas SA
Hyundai Elevator
Global Elevator Inverter 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 Inverter market, Segment by Type:
Automatic
Semi-automatic
Global Elevator Inverter market, by Application
Hotels
Retail
Residential
Transportation
Hospitals
Parking Building
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 Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Elevator Inverter 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 global Elevator Inverter 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 Inverter in various end use industries. The expanding demands from the Hotels, Retail, Residential and Transportation, are propelling Elevator Inverter market. Automatic, 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 Semi-automatic 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 Inverter, 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 Inverter 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 Inverter market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Elevator Inverter 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 Inverter covered in this report include Toshiba Corporation, Otis Elevator Company, Mitsubishi Electric Corporation, Schindler Holding Ltd, Hitachi Ltd, Fujitec Co, ThyssenKrupp AG, KONE Corporation and Kleemann Hellas SA, etc.
The global Elevator Inverter market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Toshiba Corporation
Otis Elevator Company
Mitsubishi Electric Corporation
Schindler Holding Ltd
Hitachi Ltd
Fujitec Co
ThyssenKrupp AG
KONE Corporation
Kleemann Hellas SA
Hyundai Elevator
Global Elevator Inverter 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 Inverter market, Segment by Type:
Automatic
Semi-automatic
Global Elevator Inverter market, by Application
Hotels
Retail
Residential
Transportation
Hospitals
Parking Building
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 Inverter manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Elevator Inverter 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 Inverter Market Overview
1.1 Elevator Inverter Product Overview
1.2 Elevator Inverter Market Segment by Type
1.2.1 Automatic
1.2.2 Semi-automatic
1.3 Global Elevator Inverter Market Size by Type
1.3.1 Global Elevator Inverter Market Size Overview by Type (2018-2029)
1.3.2 Global Elevator Inverter Historic Market Size Review by Type (2018-2023)
1.3.3 Global Elevator Inverter Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Elevator Inverter Sales Breakdown by Type (2018-2023)
1.4.2 Europe Elevator Inverter Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Elevator Inverter Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Elevator Inverter Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Elevator Inverter Sales Breakdown by Type (2018-2023)
2 Global Elevator Inverter Market Competition by Company
2.1 Global Top Players by Elevator Inverter Sales (2018-2023)
2.2 Global Top Players by Elevator Inverter Revenue (2018-2023)
2.3 Global Top Players by Elevator Inverter Price (2018-2023)
2.4 Global Top Manufacturers Elevator Inverter Manufacturing Base Distribution, Sales Area, Product Type
2.5 Elevator Inverter Market Competitive Situation and Trends
2.5.1 Elevator Inverter Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Elevator Inverter 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 Inverter as of 2022)
2.7 Date of Key Manufacturers Enter into Elevator Inverter Market
2.8 Key Manufacturers Elevator Inverter Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Elevator Inverter Status and Outlook by Region
3.1 Global Elevator Inverter Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Elevator Inverter Historic Market Size by Region
3.2.1 Global Elevator Inverter Sales in Volume by Region (2018-2023)
3.2.2 Global Elevator Inverter Sales in Value by Region (2018-2023)
3.2.3 Global Elevator Inverter Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Elevator Inverter Forecasted Market Size by Region
3.3.1 Global Elevator Inverter Sales in Volume by Region (2024-2029)
3.3.2 Global Elevator Inverter Sales in Value by Region (2024-2029)
3.3.3 Global Elevator Inverter Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Elevator Inverter by Application
4.1 Elevator Inverter Market Segment by Application
4.1.1 Hotels
4.1.2 Retail
4.1.3 Residential
4.1.4 Transportation
4.1.5 Hospitals
4.1.6 Parking Building
4.1.7 Others
4.2 Global Elevator Inverter Market Size by Application
4.2.1 Global Elevator Inverter Market Size Overview by Application (2018-2029)
4.2.2 Global Elevator Inverter Historic Market Size Review by Application (2018-2023)
4.2.3 Global Elevator Inverter Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Elevator Inverter Sales Breakdown by Application (2018-2023)
4.3.2 Europe Elevator Inverter Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Elevator Inverter Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Elevator Inverter Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Elevator Inverter Sales Breakdown by Application (2018-2023)
5 North America Elevator Inverter by Country
5.1 North America Elevator Inverter Historic Market Size by Country
5.1.1 North America Elevator Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Elevator Inverter Sales in Volume by Country (2018-2023)
5.1.3 North America Elevator Inverter Sales in Value by Country (2018-2023)
5.2 North America Elevator Inverter Forecasted Market Size by Country
5.2.1 North America Elevator Inverter Sales in Volume by Country (2024-2029)
5.2.2 North America Elevator Inverter Sales in Value by Country (2024-2029)
6 Europe Elevator Inverter by Country
6.1 Europe Elevator Inverter Historic Market Size by Country
6.1.1 Europe Elevator Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Elevator Inverter Sales in Volume by Country (2018-2023)
6.1.3 Europe Elevator Inverter Sales in Value by Country (2018-2023)
6.2 Europe Elevator Inverter Forecasted Market Size by Country
6.2.1 Europe Elevator Inverter Sales in Volume by Country (2024-2029)
6.2.2 Europe Elevator Inverter Sales in Value by Country (2024-2029)
7 Asia-Pacific Elevator Inverter by Region
7.1 Asia-Pacific Elevator Inverter Historic Market Size by Region
7.1.1 Asia-Pacific Elevator Inverter Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Elevator Inverter Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Elevator Inverter Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Elevator Inverter Forecasted Market Size by Region
7.2.1 Asia-Pacific Elevator Inverter Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Elevator Inverter Sales in Value by Region (2024-2029)
8 Latin America Elevator Inverter by Country
8.1 Latin America Elevator Inverter Historic Market Size by Country
8.1.1 Latin America Elevator Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Elevator Inverter Sales in Volume by Country (2018-2023)
8.1.3 Latin America Elevator Inverter Sales in Value by Country (2018-2023)
8.2 Latin America Elevator Inverter Forecasted Market Size by Country
8.2.1 Latin America Elevator Inverter Sales in Volume by Country (2024-2029)
8.2.2 Latin America Elevator Inverter Sales in Value by Country (2024-2029)
9 Middle East and Africa Elevator Inverter by Country
9.1 Middle East and Africa Elevator Inverter Historic Market Size by Country
9.1.1 Middle East and Africa Elevator Inverter Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Elevator Inverter Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Elevator Inverter Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Elevator Inverter Forecasted Market Size by Country
9.2.1 Middle East and Africa Elevator Inverter Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Elevator Inverter Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Toshiba Corporation
10.1.1 Toshiba Corporation Company Information
10.1.2 Toshiba Corporation Introduction and Business Overview
10.1.3 Toshiba Corporation Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Toshiba Corporation Elevator Inverter Products Offered
10.1.5 Toshiba Corporation Recent Development
10.2 Otis Elevator Company
10.2.1 Otis Elevator Company Company Information
10.2.2 Otis Elevator Company Introduction and Business Overview
10.2.3 Otis Elevator Company Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Otis Elevator Company Elevator Inverter Products Offered
10.2.5 Otis Elevator Company Recent Development
10.3 Mitsubishi Electric Corporation
10.3.1 Mitsubishi Electric Corporation Company Information
10.3.2 Mitsubishi Electric Corporation Introduction and Business Overview
10.3.3 Mitsubishi Electric Corporation Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsubishi Electric Corporation Elevator Inverter Products Offered
10.3.5 Mitsubishi Electric Corporation Recent Development
10.4 Schindler Holding Ltd
10.4.1 Schindler Holding Ltd Company Information
10.4.2 Schindler Holding Ltd Introduction and Business Overview
10.4.3 Schindler Holding Ltd Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Schindler Holding Ltd Elevator Inverter Products Offered
10.4.5 Schindler Holding Ltd Recent Development
10.5 Hitachi Ltd
10.5.1 Hitachi Ltd Company Information
10.5.2 Hitachi Ltd Introduction and Business Overview
10.5.3 Hitachi Ltd Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hitachi Ltd Elevator Inverter Products Offered
10.5.5 Hitachi Ltd Recent Development
10.6 Fujitec Co
10.6.1 Fujitec Co Company Information
10.6.2 Fujitec Co Introduction and Business Overview
10.6.3 Fujitec Co Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Fujitec Co Elevator Inverter Products Offered
10.6.5 Fujitec Co Recent Development
10.7 ThyssenKrupp AG
10.7.1 ThyssenKrupp AG Company Information
10.7.2 ThyssenKrupp AG Introduction and Business Overview
10.7.3 ThyssenKrupp AG Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ThyssenKrupp AG Elevator Inverter Products Offered
10.7.5 ThyssenKrupp AG Recent Development
10.8 KONE Corporation
10.8.1 KONE Corporation Company Information
10.8.2 KONE Corporation Introduction and Business Overview
10.8.3 KONE Corporation Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.8.4 KONE Corporation Elevator Inverter Products Offered
10.8.5 KONE Corporation Recent Development
10.9 Kleemann Hellas SA
10.9.1 Kleemann Hellas SA Company Information
10.9.2 Kleemann Hellas SA Introduction and Business Overview
10.9.3 Kleemann Hellas SA Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Kleemann Hellas SA Elevator Inverter Products Offered
10.9.5 Kleemann Hellas SA Recent Development
10.10 Hyundai Elevator
10.10.1 Hyundai Elevator Company Information
10.10.2 Hyundai Elevator Introduction and Business Overview
10.10.3 Hyundai Elevator Elevator Inverter Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hyundai Elevator Elevator Inverter Products Offered
10.10.5 Hyundai Elevator Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Elevator Inverter 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 Inverter Industrial Chain Analysis
11.4 Elevator Inverter Market Dynamics
11.4.1 Elevator Inverter Industry Trends
11.4.2 Elevator Inverter Market Drivers
11.4.3 Elevator Inverter Market Challenges
11.4.4 Elevator Inverter Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Elevator Inverter Distributors
12.3 Elevator Inverter 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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