Abstract
Summary
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 global market for Elevator IoT was estimated to be worth US$ 22410 million in 2023 and is forecast to a readjusted size of US$ 61020 million by 2030 with a CAGR of 15.2% during the forecast period 2024-2030.
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%.
Report Scope
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, analyse 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 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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, product type, application, and 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
Telefónica
Microsoft
Huawei
Bosch
Siemens
Segment by Type
Hardware
Software
Services
Segment by Application
Residential
Commercial
Industrial
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Elevator IoT in global and regional level.
Chapter 3: Detailed analysis of Elevator IoT company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Elevator IoT revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the revenue, 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 revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: 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 14: Research Findings and Conclusion
The global market for Elevator IoT was estimated to be worth US$ 22410 million in 2023 and is forecast to a readjusted size of US$ 61020 million by 2030 with a CAGR of 15.2% during the forecast period 2024-2030.
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%.
Report Scope
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, analyse 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 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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, product type, application, and 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
Telefónica
Microsoft
Huawei
Bosch
Siemens
Segment by Type
Hardware
Software
Services
Segment by Application
Residential
Commercial
Industrial
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on.
Chapter 2: Revenue of Elevator IoT in global and regional level.
Chapter 3: Detailed analysis of Elevator IoT company competitive landscape, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key companies, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Elevator IoT revenue, gross margin, and recent development, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the revenue, 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 revenue, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, revenue for each segment.
Chapter 9: Asia Pacific by Type, by Application and by region, revenue for each segment.
Chapter 10: Latin America by Type, by Application and by country, revenue for each segment.
Chapter 11: Middle East and Africa, by Type, by Application and by country, revenue for each segment.
Chapter 12: Analysis of industrial chain, sales channel, key raw materials, distributors, and customers.
Chapter 13: 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 14: Research Findings and Conclusion
Table of Contents
1 Study Coverage
1.1 Elevator IoT Product Introduction
1.2 Market by Type
1.2.1 Global Elevator IoT Market Size Growth Rate by Type (2019 VS 2023 VS 2030)
1.2.2 Hardware
1.2.3 Software
1.2.4 Services
1.3 Market by Application
1.3.1 Global Elevator IoT Market Size Growth Rate by Application (2019 VS 2023 VS 2030)
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 Executive Summary
2.1 Global Elevator IoT Market Size Estimates and Forecasts
2.2 Elevator IoT Market Size by Region: 2023 Versus 2030
2.2.1 Global Elevator IoT Revenue by Region: 2019-2024
2.2.2 Global Elevator IoT Revenue Forecast by Region (2025-2030)
2.2.3 Global Elevator IoT Revenue Market Share by Region (2019-2030)
3 Global Elevator IoT by Company
3.1 Global Elevator IoT Revenue by Company (2019-2024)
3.2 Global Elevator IoT Revenue Share by Company (2019-2024)
3.3 Competitive Landscape
3.3.1 Key Elevator IoT Companies around the World: Ranking by Revenue
3.3.2 Global Elevator IoT Market Concentration Ratio (CR5 and HHI) & (2019-2024)
3.3.3 Global Elevator IoT Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.4 Global Elevator IoT Companies Headquarters & Product Type
3.4.1 Elevator IoT Companies Headquarters
3.4.2 Global Elevator IoT Companies Product & Service
3.4.3 Date of International Companies Enter into Elevator IoT Market
3.5 Global Elevator IoT Mergers & Acquisitions, Expansion Plans
4 Company Profiles
4.1 Otis Elevator Company
4.1.1 Otis Elevator Company Company Information
4.1.2 Otis Elevator Company Description, Business Overview
4.1.3 Otis Elevator Company Elevator IoT Products Offered
4.1.4 Otis Elevator Company Elevator IoT Revenue and Gross Margin (2019-2024)
4.1.5 Otis Elevator Company Elevator IoT Revenue by Product in 2023
4.1.6 Otis Elevator Company Elevator IoT Revenue by Application in 2023
4.1.7 Otis Elevator Company Elevator IoT Revenue by Geographic Area in 2023
4.1.8 Otis Elevator Company Recent Developments
4.2 KONE Corporation
4.2.1 KONE Corporation Company Information
4.2.2 KONE Corporation Description, Business Overview
4.2.3 KONE Corporation Elevator IoT Products Offered
4.2.4 KONE Corporation Elevator IoT Revenue and Gross Margin (2019-2024)
4.2.5 KONE Corporation Elevator IoT Revenue by Product in 2023
4.2.6 KONE Corporation Elevator IoT Revenue by Application in 2023
4.2.7 KONE Corporation Elevator IoT Revenue by Geographic Area in 2023
4.2.8 KONE Corporation Recent Developments
4.3 Schindler Group
4.3.1 Schindler Group Company Information
4.3.2 Schindler Group Description, Business Overview
4.3.3 Schindler Group Elevator IoT Products Offered
4.3.4 Schindler Group Elevator IoT Revenue and Gross Margin (2019-2024)
4.3.5 Schindler Group Elevator IoT Revenue by Product in 2023
4.3.6 Schindler Group Elevator IoT Revenue by Application in 2023
4.3.7 Schindler Group Elevator IoT Revenue by Geographic Area in 2023
4.3.8 Schindler Group Recent Developments
4.4 ThyssenKrupp AG
4.4.1 ThyssenKrupp AG Company Information
4.4.2 ThyssenKrupp AG Description, Business Overview
4.4.3 ThyssenKrupp AG Elevator IoT Products Offered
4.4.4 ThyssenKrupp AG Elevator IoT Revenue and Gross Margin (2019-2024)
4.4.5 ThyssenKrupp AG Elevator IoT Revenue by Product in 2023
4.4.6 ThyssenKrupp AG Elevator IoT Revenue by Application in 2023
4.4.7 ThyssenKrupp AG Elevator IoT Revenue by Geographic Area in 2023
4.4.8 ThyssenKrupp AG Recent Developments
4.5 Mitsubishi Electric Corporation
4.5.1 Mitsubishi Electric Corporation Company Information
4.5.2 Mitsubishi Electric Corporation Description, Business Overview
4.5.3 Mitsubishi Electric Corporation Elevator IoT Products Offered
4.5.4 Mitsubishi Electric Corporation Elevator IoT Revenue and Gross Margin (2019-2024)
4.5.5 Mitsubishi Electric Corporation Elevator IoT Revenue by Product in 2023
4.5.6 Mitsubishi Electric Corporation Elevator IoT Revenue by Application in 2023
4.5.7 Mitsubishi Electric Corporation Elevator IoT Revenue by Geographic Area in 2023
4.5.8 Mitsubishi Electric Corporation Recent Developments
4.6 Toshiba Elevator
4.6.1 Toshiba Elevator Company Information
4.6.2 Toshiba Elevator Description, Business Overview
4.6.3 Toshiba Elevator Elevator IoT Products Offered
4.6.4 Toshiba Elevator Elevator IoT Revenue and Gross Margin (2019-2024)
4.6.5 Toshiba Elevator Elevator IoT Revenue by Product in 2023
4.6.6 Toshiba Elevator Elevator IoT Revenue by Application in 2023
4.6.7 Toshiba Elevator Elevator IoT Revenue by Geographic Area in 2023
4.6.8 Toshiba Elevator Recent Development
4.7 Hitachi
4.7.1 Hitachi Company Information
4.7.2 Hitachi Description, Business Overview
4.7.3 Hitachi Elevator IoT Products Offered
4.7.4 Hitachi Elevator IoT Revenue and Gross Margin (2019-2024)
4.7.5 Hitachi Elevator IoT Revenue by Product in 2023
4.7.6 Hitachi Elevator IoT Revenue by Application in 2023
4.7.7 Hitachi Elevator IoT Revenue by Geographic Area in 2023
4.7.8 Hitachi Recent Development
4.8 Fujitec
4.8.1 Fujitec Company Information
4.8.2 Fujitec Description, Business Overview
4.8.3 Fujitec Elevator IoT Products Offered
4.8.4 Fujitec Elevator IoT Revenue and Gross Margin (2019-2024)
4.8.5 Fujitec Elevator IoT Revenue by Product in 2023
4.8.6 Fujitec Elevator IoT Revenue by Application in 2023
4.8.7 Fujitec Elevator IoT Revenue by Geographic Area in 2023
4.8.8 Fujitec Recent Development
4.9 Hyundai Elevator
4.9.1 Hyundai Elevator Company Information
4.9.2 Hyundai Elevator Description, Business Overview
4.9.3 Hyundai Elevator Elevator IoT Products Offered
4.9.4 Hyundai Elevator Elevator IoT Revenue and Gross Margin (2019-2024)
4.9.5 Hyundai Elevator Elevator IoT Revenue by Product in 2023
4.9.6 Hyundai Elevator Elevator IoT Revenue by Application in 2023
4.9.7 Hyundai Elevator Elevator IoT Revenue by Geographic Area in 2023
4.9.8 Hyundai Elevator Recent Development
4.10 Digi International
4.10.1 Digi International Company Information
4.10.2 Digi International Description, Business Overview
4.10.3 Digi International Elevator IoT Products Offered
4.10.4 Digi International Elevator IoT Revenue and Gross Margin (2019-2024)
4.10.5 Digi International Elevator IoT Revenue by Product in 2023
4.10.6 Digi International Elevator IoT Revenue by Application in 2023
4.10.7 Digi International Elevator IoT Revenue by Geographic Area in 2023
4.10.8 Digi International Recent Development
4.11 IBM
4.11.1 IBM Company Information
4.11.2 IBM Description, Business Overview
4.11.3 IBM Elevator IoT Products Offered
4.11.4 IBM Elevator IoT Revenue and Gross Margin (2019-2024)
4.11.5 IBM Elevator IoT Revenue by Product in 2023
4.11.6 IBM Elevator IoT Revenue by Application in 2023
4.11.7 IBM Elevator IoT Revenue by Geographic Area in 2023
4.11.8 IBM Recent Development
4.12 General Electric
4.12.1 General Electric Company Information
4.12.2 General Electric Description, Business Overview
4.12.3 General Electric Elevator IoT Products Offered
4.12.4 General Electric Elevator IoT Revenue and Gross Margin (2019-2024)
4.12.5 General Electric Elevator IoT Revenue by Product in 2023
4.12.6 General Electric Elevator IoT Revenue by Application in 2023
4.12.7 General Electric Elevator IoT Revenue by Geographic Area in 2023
4.12.8 General Electric Recent Development
4.13 Telefónica
4.13.1 Telefónica Company Information
4.13.2 Telefónica Description, Business Overview
4.13.3 Telefónica Elevator IoT Products Offered
4.13.4 Telefónica Elevator IoT Revenue and Gross Margin (2019-2024)
4.13.5 Telefónica Elevator IoT Revenue by Product in 2023
4.13.6 Telefónica Elevator IoT Revenue by Application in 2023
4.13.7 Telefónica Elevator IoT Revenue by Geographic Area in 2023
4.13.8 Telefónica Recent Development
4.14 Microsoft
4.14.1 Microsoft Company Information
4.14.2 Microsoft Description, Business Overview
4.14.3 Microsoft Elevator IoT Products Offered
4.14.4 Microsoft Elevator IoT Revenue and Gross Margin (2019-2024)
4.14.5 Microsoft Elevator IoT Revenue by Product in 2023
4.14.6 Microsoft Elevator IoT Revenue by Application in 2023
4.14.7 Microsoft Elevator IoT Revenue by Geographic Area in 2023
4.14.8 Microsoft Recent Development
4.15 Huawei
4.15.1 Huawei Company Information
4.15.2 Huawei Description, Business Overview
4.15.3 Huawei Elevator IoT Products Offered
4.15.4 Huawei Elevator IoT Revenue and Gross Margin (2019-2024)
4.15.5 Huawei Elevator IoT Revenue by Product in 2023
4.15.6 Huawei Elevator IoT Revenue by Application in 2023
4.15.7 Huawei Elevator IoT Revenue by Geographic Area in 2023
4.15.8 Huawei Recent Development
4.16 Bosch
4.16.1 Bosch Company Information
4.16.2 Bosch Description, Business Overview
4.16.3 Bosch Elevator IoT Products Offered
4.16.4 Bosch Elevator IoT Revenue and Gross Margin (2019-2024)
4.16.5 Bosch Elevator IoT Revenue by Product in 2023
4.16.6 Bosch Elevator IoT Revenue by Application in 2023
4.16.7 Bosch Elevator IoT Revenue by Geographic Area in 2023
4.16.8 Bosch Recent Development
4.17 Siemens
4.17.1 Siemens Company Information
4.17.2 Siemens Description, Business Overview
4.17.3 Siemens Elevator IoT Products Offered
4.17.4 Siemens Elevator IoT Revenue and Gross Margin (2019-2024)
4.17.5 Siemens Elevator IoT Revenue by Product in 2023
4.17.6 Siemens Elevator IoT Revenue by Application in 2023
4.17.7 Siemens Elevator IoT Revenue by Geographic Area in 2023
4.17.8 Siemens Recent Development
5 Breakdown Data by Type
5.1 Global Elevator IoT Revenue by Type (2019-2024)
5.2 Global Elevator IoT Revenue Forecast by Type (2025-2030)
5.3 Elevator IoT Revenue Market Share by Type (2019-2030)
6 Breakdown Data by Application
6.1 Global Elevator IoT Revenue by Application (2019-2024)
6.2 Global Elevator IoT Revenue Forecast by Application (2025-2030)
6.3 Elevator IoT Revenue Market Share by Application (2019-2030)
7 North America
7.1 North America Elevator IoT Market Size YoY Growth 2019-2030
7.2 North America Elevator IoT Market Facts & Figures by Country (2019-2030)
7.3 North America Elevator IoT Revenue by Type (2019-2024)
7.4 North America Elevator IoT Revenue by Application (2019-2024)
8 Asia-Pacific
8.1 Asia-Pacific Elevator IoT Market Size YoY Growth 2019-2030
8.2 Asia-Pacific Elevator IoT Market Facts & Figures by Region (2019-2030)
8.3 Asia-Pacific Elevator IoT Revenue by Type (2019-2024)
8.4 Asia-Pacific Elevator IoT Revenue by Application (2019-2024)
9 Europe
9.1 Europe Elevator IoT Market Size YoY Growth 2019-2030
9.2 Europe Elevator IoT Market Facts & Figures by Country (2019-2030)
9.3 Europe Elevator IoT Revenue by Type (2019-2024)
9.4 Europe Elevator IoT Revenue by Application (2019-2024)
10 Latin America
10.1 Latin America Elevator IoT Market Size YoY Growth 2019-2030
10.2 Latin America Elevator IoT Market Facts & Figures by Country (2019-2030)
10.3 Latin America Elevator IoT Revenue by Type (2019-2024)
10.4 Latin America Elevator IoT Revenue by Application (2019-2024)
11 Middle East and Africa
11.1 Middle East and Africa Elevator IoT Market Size YoY Growth 2019-2030
11.2 Middle East and Africa Elevator IoT Market Facts & Figures by Country (2019-2030)
11.3 Middle East and Africa Elevator IoT Revenue by Type (2019-2024)
11.4 Middle East and Africa Elevator IoT Revenue by Application (2019-2024)
12 Supply Chain and Sales Channel Analysis
12.1 Elevator IoT Supply Chain Analysis
12.2 Elevator IoT Key Raw Materials and Upstream Suppliers
12.3 Elevator IoT Clients Analysis
12.4 Elevator IoT Sales Channel and Sales Model Analysis
12.4.1 Elevator IoT Distribution Channel Analysis: Indirect Sales VS Direct Sales
12.4.2 Elevator IoT Distribution Channel Analysis: Online Sales VS Offline Sales
12.4.3 Elevator IoT Distributors
13 Market Dynamics
13.1 Elevator IoT Industry Trends
13.2 Elevator IoT Market Drivers
13.3 Elevator IoT Market Challenges
13.4 Elevator IoT Market Restraints
14 Research Findings and Conclusion
15 Appendix
15.1 Research Methodology
15.1.1 Methodology/Research Approach
15.1.2 Data Source
15.2 Author Details
15.3 Disclaimer