Global IoT enabled Smart Elevator Solution Industry

2023-2029 Global IoT-enabled Smart Elevator Solution Industry Research & Trends Analysis Report

Global IoT enabled Smart Elevator Solution Industry

2023-2029 Global IoT-enabled Smart Elevator Solution Industry Research & Trends Analysis Report

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According to Latest Research, the global market for IoT-enabled Smart Elevator Solution should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

China IoT-enabled Smart Elevator Solution market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

The United States IoT-enabled Smart Elevator Solution market should grow from US$ million in 2022 to US$ million by 2029, with a CAGR of % for the period of 2023-2029.

In terms of type, Hardware segment holds a share about % in 2022 and will reach % in 2029; while in terms of application, Residential has a share approximately % in 2022 and will grow at a CAGR % during 2023 and 2029.

The global key manufacturers of IoT-enabled Smart Elevator Solution include Otis Worldwide, Hitachi, Schindler, Mitsubishi Electric, Hyundai Elevator, Fujitec, KONE, TK Elevator and Bosch, etc. In 2022, the global top five players hold a share approximately % in terms of revenue.

This report aims to provide a comprehensive study of the global market for IoT-enabled Smart Elevator Solution. Report Highlights:

(1) Global IoT-enabled Smart Elevator Solution market size (value), history data from 2018-2022 and forecast data from 2023 to 2029.

(2) Global IoT-enabled Smart Elevator Solution market competitive situation, revenue and market share, from 2018 to 2022.

(3) China IoT-enabled Smart Elevator Solution market competitive situation, revenue and market share, from 2018 to 2022.

(4) Global IoT-enabled Smart Elevator Solution segment by region (or country), key regions cover the United States, Europe, Japan, South Korea, Southeast Asia and India, etc.

(5) Global IoT-enabled Smart Elevator Solution segment by type and by application and regional segment by type and by application.

(6) IoT-enabled Smart Elevator Solution industry supply chain, upstream, midstream and downstream analysis.

Market segment by regions, regional analysis covers

North America (United States, Canada and Mexico)

Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)

South America (Brazil, Rest of South America)

Middle East & Africa

Market segment by type, covers

Hardware

Software

Service

Market segment by application, can be divided into

Residential

Commercial

Industrial

Market segment by players, this report covers

Otis Worldwide

Hitachi

Schindler

Mitsubishi Electric

Hyundai Elevator

Fujitec

KONE

TK Elevator

Bosch

Toshiba Elevators

Siemens

Honeywell

Hainayun

1 Market Overview

1.1 Product Overview and Scope of IoT-enabled Smart Elevator Solution

1.2 Global IoT-enabled Smart Elevator Solution Market Size and Forecast

1.3 China IoT-enabled Smart Elevator Solution Market Size and Forecast

1.4 China Market Percentage in Global

1.4.1 By Revenue, China IoT-enabled Smart Elevator Solution Share in Global Market, 2018-2029

1.4.2 IoT-enabled Smart Elevator Solution Market Size: China VS Global, 2018-2029

1.5 IoT-enabled Smart Elevator Solution Market Dynamics

1.5.1 IoT-enabled Smart Elevator Solution Market Drivers

1.5.2 IoT-enabled Smart Elevator Solution Market Restraints

1.5.3 IoT-enabled Smart Elevator Solution Industry Trends

1.5.4 IoT-enabled Smart Elevator Solution Industry Policy

2 Global Competitive Situation by Company

2.1 Global IoT-enabled Smart Elevator Solution Revenue by Company (2018-2023)

2.2 Global IoT-enabled Smart Elevator Solution Participants, Market Position (Tier 1, Tier 2 and Tier 3)

2.3 Global IoT-enabled Smart Elevator Solution Concentration Ratio

2.4 Global IoT-enabled Smart Elevator Solution Mergers & Acquisitions, Expansion Plans

2.5 Global IoT-enabled Smart Elevator Solution Manufacturers Product Type

3 China Competitive Situation by Company

3.1 China IoT-enabled Smart Elevator Solution Revenue by Company (2018-2023)

3.2 China IoT-enabled Smart Elevator Solution IoT-enabled Smart Elevator Solution Participants, Market Position (Tier 1, Tier 2 and Tier 3)

3.3 China IoT-enabled Smart Elevator Solution, Revenue Percentage of Local Players VS Foreign Manufacturers (2018-2023)

4 Industry Chain Analysis

4.1 IoT-enabled Smart Elevator Solution Industry Chain

4.2 IoT-enabled Smart Elevator Solution Upstream Analysis

4.3 IoT-enabled Smart Elevator Solution Midstream Analysis

4.4 IoT-enabled Smart Elevator Solution Downstream Analysis

5 Sights by Type

5.1 IoT-enabled Smart Elevator Solution Classification

5.1.1 Hardware

5.1.2 Software

5.1.3 Service

5.2 By Type, Global IoT-enabled Smart Elevator Solution Market Size & CAGR, 2018 VS 2022 VS 2029

5.3 By Type, Global IoT-enabled Smart Elevator Solution Revenue, 2018-2029

6 Sights by Application

6.1 IoT-enabled Smart Elevator Solution Segment by Application

6.1.1 Residential

6.1.2 Commercial

6.1.3 Industrial

6.2 By Application, Global IoT-enabled Smart Elevator Solution Market Size & CAGR, 2018 VS 2022 VS 2029

6.3 By Application, Global IoT-enabled Smart Elevator Solution Revenue, 2018-2029

7 Sales Sights by Region

7.1 By Region, Global IoT-enabled Smart Elevator Solution Market Size, 2018 VS 2022 VS 2029

7.2 By Region, Global IoT-enabled Smart Elevator Solution Market Size, 2018-2029

7.3 North America

7.3.1 North America IoT-enabled Smart Elevator Solution Market Size & Forecasts, 2018-2029

7.3.2 By Country, North America IoT-enabled Smart Elevator Solution Market Size Market Share

7.4 Europe

7.4.1 Europe IoT-enabled Smart Elevator Solution Market Size & Forecasts, 2018-2029

7.4.2 By Country, Europe IoT-enabled Smart Elevator Solution Market Size Market Share

7.5 Asia Pacific

7.5.1 Asia Pacific IoT-enabled Smart Elevator Solution Market Size & Forecasts, 2018-2029

7.5.2 By Country/Region, Asia Pacific IoT-enabled Smart Elevator Solution Market Size Market Share

7.6 South America

7.6.1 South America IoT-enabled Smart Elevator Solution Market Size & Forecasts, 2018-2029

7.6.2 By Country, South America IoT-enabled Smart Elevator Solution Market Size Market Share

7.7 Middle East & Africa

8 Sights by Country Level

8.1 By Country, Global IoT-enabled Smart Elevator Solution Market Size & CAGR，2018 VS 2022 VS 2029

8.2 By Country, Global IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.3 U.S.

8.3.1 U.S. IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.3.2 By Company, U.S. IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.3.3 By Type, U.S. IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.3.4 By Application, U.S. IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.4 Europe

8.4.1 Europe IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.4.2 By Company, Europe IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.4.3 By Type, Europe IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.4.4 By Application, Europe IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.5 China

8.5.1 China IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.5.2 By Company, China IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.5.3 By Type, China IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.5.4 By Application, China IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.6 Japan

8.6.1 Japan IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.6.2 By Company, Japan IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.6.3 By Type, Japan IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.6.4 By Application, Japan IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.7 South Korea

8.7.1 South Korea IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.7.2 By Company, South Korea IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.7.3 By Type, South Korea IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.7.4 By Application, South Korea IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.8 Southeast Asia

8.8.1 Southeast Asia IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.8.2 By Company, Southeast Asia IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.8.3 By Type, Southeast Asia IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.8.4 By Application, Southeast Asia IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.9 India

8.9.1 India IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.9.2 By Company, India IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.9.3 By Type, India IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.9.4 By Application, India IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.10 Middle East & Asia

8.10.1 Middle East & Asia IoT-enabled Smart Elevator Solution Market Size, 2018-2029

8.10.2 By Company, Middle East & Asia IoT-enabled Smart Elevator Solution Revenue Market Share, 2018-2023

8.10.3 By Type, Middle East & Asia IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

8.10.4 By Application, Middle East & Asia IoT-enabled Smart Elevator Solution Revenue Market Share, 2022 VS 2029

9 Global Manufacturers Profile

9.1 Otis Worldwide

9.1.1 Otis Worldwide Company Information, Head Office, Market Area and Industry Position

9.1.2 Otis Worldwide Company Profile and Main Business

9.1.3 Otis Worldwide IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.1.4 Otis Worldwide IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.1.5 Otis Worldwide Recent Developments

9.2 Hitachi

9.2.1 Hitachi Company Information, Head Office, Market Area and Industry Position

9.2.2 Hitachi Company Profile and Main Business

9.2.3 Hitachi IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.2.4 Hitachi IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.2.5 Hitachi Recent Developments

9.3 Schindler

9.3.1 Schindler Company Information, Head Office, Market Area and Industry Position

9.3.2 Schindler Company Profile and Main Business

9.3.3 Schindler IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.3.4 Schindler IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.3.5 Schindler Recent Developments

9.4 Mitsubishi Electric

9.4.1 Mitsubishi Electric Company Information, Head Office, Market Area and Industry Position

9.4.2 Mitsubishi Electric Company Profile and Main Business

9.4.3 Mitsubishi Electric IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.4.4 Mitsubishi Electric IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.4.5 Mitsubishi Electric Recent Developments

9.5 Hyundai Elevator

9.5.1 Hyundai Elevator Company Information, Head Office, Market Area and Industry Position

9.5.2 Hyundai Elevator Company Profile and Main Business

9.5.3 Hyundai Elevator IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.5.4 Hyundai Elevator IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.5.5 Hyundai Elevator Recent Developments

9.6 Fujitec

9.6.1 Fujitec Company Information, Head Office, Market Area and Industry Position

9.6.2 Fujitec Company Profile and Main Business

9.6.3 Fujitec IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.6.4 Fujitec IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.6.5 Fujitec Recent Developments

9.7 KONE

9.7.1 KONE Company Information, Head Office, Market Area and Industry Position

9.7.2 KONE Company Profile and Main Business

9.7.3 KONE IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.7.4 KONE IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.7.5 KONE Recent Developments

9.8 TK Elevator

9.8.1 TK Elevator Company Information, Head Office, Market Area and Industry Position

9.8.2 TK Elevator Company Profile and Main Business

9.8.3 TK Elevator IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.8.4 TK Elevator IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.8.5 TK Elevator Recent Developments

9.9 Bosch

9.9.1 Bosch Company Information, Head Office, Market Area and Industry Position

9.9.2 Bosch Company Profile and Main Business

9.9.3 Bosch IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.9.4 Bosch IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.9.5 Bosch Recent Developments

9.10 Toshiba Elevators

9.10.1 Toshiba Elevators Company Information, Head Office, Market Area and Industry Position

9.10.2 Toshiba Elevators Company Profile and Main Business

9.10.3 Toshiba Elevators IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.10.4 Toshiba Elevators IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.10.5 Toshiba Elevators Recent Developments

9.11 Siemens

9.11.1 Siemens Company Information, Head Office, Market Area and Industry Position

9.11.2 Siemens Company Profile and Main Business

9.11.3 Siemens IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.11.4 Siemens IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.11.5 Siemens Recent Developments

9.12 Honeywell

9.12.1 Honeywell Company Information, Head Office, Market Area and Industry Position

9.12.2 Honeywell Company Profile and Main Business

9.12.3 Honeywell IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.12.4 Honeywell IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.12.5 Honeywell Recent Developments

9.13 Hainayun

9.13.1 Hainayun Company Information, Head Office, Market Area and Industry Position

9.13.2 Hainayun Company Profile and Main Business

9.13.3 Hainayun IoT-enabled Smart Elevator Solution Models, Specifications and Application

9.13.4 Hainayun IoT-enabled Smart Elevator Solution Revenue and Gross Margin, 2018-2023

9.13.5 Hainayun Recent Developments

10 Conclusion

11 Appendix

11.1 Research Methodology

11.2 Data Source

11.2.1 Secondary Sources

11.2.2 Primary Sources

11.3 Market Estimation Model

11.4 Disclaimer

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Global IoT enabled Smart Elevator Solution Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Is the Global IoT enabled Smart Elevator Solution Market shifting its focus from growth to value?
Recognize the areas along the Global IoT enabled Smart Elevator Solution Market's value chain where players are generating value. To get a complete picture, kindly read the entire report.
What is the current state of the Global IoT enabled Smart Elevator Solution Industry, and what is the projected growth trajectory through 2030?
In 2024, the Global IoT enabled Smart Elevator Solution Market share surpassed USD xx million, and between 2025 and 2030, it will grow at a CAGR of yy%.
What is really changing the Global IoT enabled Smart Elevator Solution Market behavior?
Consumer behavior changes will reshape the entire decision-making process and companies in the Global IoT enabled Smart Elevator Solution Industry will need to adapt quickly.
How does the Global IoT enabled Smart Elevator Solution Market study reflects the current scenario?
The Global IoT enabled Smart Elevator Solution study focuses on shifting market dynamics, geopolitical and regulatory regulations, and key players' strategies to carefully analyze demand at risk across multiple industry categories.