Global Energy Efficient Elevators Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

• June 2019 - Hitachi announced a contract with Phoenix Group to supply a total of 106 elevator units. Through this contract, the company will supply elevators for large-scale office buildings, Phoenix Spaces 285 and Phoenix Aquila, which are to be constructed in Hyderabad.

• March 2019 - Mitsubishi Electric Corporation announced that its subsidiary, Mitsubishi Elevator India Private Limited (IMEC), will launch the NEXIEZ-LITE MRL elevator. This Indian-produced model does not require a machine room. The model will be added to the NEXIEZ-LITE series of elevators for midrise and low-rise residences, office buildings, and hotels in India.

• February 2019 - KONE Corporation, which is a prominent player in the elevator and escalator industry, received an order to provide energy-efficient elevators and a destination control system for an office tower that is under construction at Vancouver, BC, Canada. The project consists of a 25-story building with the ground floor as a retail space and 24 levels of office space.

The Global Energy Efficient Elevators Market is segmented based on control systems, automation systems, and end users. In terms of control systems, the market includes elevator control systems that regulate the operation and movement of elevators to optimize energy consumption. Additionally, access control systems ensure secure and efficient access to elevator services. These access control systems are further categorized into card-based access control systems, which use keycards for authentication; biometric access control solutions, which rely on fingerprint or facial recognition for enhanced security; and keypad-based access control systems, where users enter a passcode to gain access.

Under the automation systems segment, the market comprises motors and drivers, which are essential for improving energy efficiency and operational performance of elevators. Sensors and controllers play a crucial role in intelligent elevator functioning by adjusting operations based on real-time data, thereby reducing energy wastage. Additionally, building management systems (BMS) integrate elevator controls with other energy management functions in a building, contributing to overall energy conservation and automation in smart buildings.

The market is also categorized based on end users, including industrial, commercial, residential, and other sectors. The industrial sector deploys energy-efficient elevators in manufacturing plants and warehouses to facilitate material handling with reduced power consumption. The commercial sector, including offices, shopping malls, and hotels, prioritizes energy-saving elevator solutions to lower operational costs and enhance sustainability. The residential sector benefits from advanced elevator technologies that provide convenience while minimizing electricity usage in high-rise buildings and apartment complexes. Lastly, other end users encompass institutions such as hospitals and educational facilities that require energy-efficient vertical mobility solutions to meet their unique operational needs.

Global Energy Efficient Elevators Segment Analysis

In this report, the Global Energy Efficient Elevators Market has been segmented by Control Systems, Automation Systems, End User and Geography.

Global Energy Efficient Elevators Market, Segmentation by Control Systems

The Global Energy Efficient Elevators Market has been segmented by Control Systems into Elevator Control System and Access Control System.

The Elevator Control Systems are integral to the operation of elevators, managing their movement, speed, and stopping accuracy. Advanced control systems, such as destination control systems, optimize the travel paths of elevators, reduce waiting times, and minimize energy consumption by efficiently grouping passengers heading to the same or nearby floors. This not only enhances user experience but also significantly reduces the elevator's overall energy usage.

Access Control Systems, on the other hand, focus on the security and management of elevator access within buildings. These systems ensure that only authorized individuals can use the elevators, thereby enhancing building security and operational efficiency. Integrating access control with elevator systems allows for smart and secure building management. For instance, using keycards, biometric scans, or mobile apps to control elevator access can streamline operations and reduce unauthorized use, which in turn can contribute to more efficient use of the elevators and energy savings.

Both Elevator Control Systems and Access Control Systems are increasingly being integrated with building management systems (BMS) and Internet of Things (IoT) technologies. This integration allows for real-time monitoring, predictive maintenance, and data analytics, which further enhance the efficiency and reliability of elevators. By leveraging these advanced control systems, building owners and managers can achieve significant energy savings, improve operational efficiency, and enhance the overall safety and security of their properties. This segmentation underscores the critical role of control systems in driving the adoption of energy-efficient elevators and the broader push towards smart, sustainable building solutions.

Global Energy Efficient Elevators Market, Segmentation by Automation Systems

The Global Energy Efficient Elevators Market has been segmented by Automation Systems into Motors & Drivers, Sensors & Controllers and Building Management Systems.

Motors & Drivers form the backbone of energy-efficient elevators, focusing on minimizing energy consumption while maximizing performance. Advanced motor technologies, such as regenerative drives and variable frequency drives (VFDs), are employed to recover and reuse energy that would otherwise be wasted. These innovations not only reduce the overall energy consumption but also extend the lifespan of elevator components by providing smoother and more efficient operation. The demand for energy-efficient motors and drivers is driven by stringent energy regulations and the growing emphasis on sustainability in building management.

Sensors & Controllers are integral to optimizing the operation of energy-efficient elevators. These systems monitor and control various aspects of elevator performance, including load, speed, and energy consumption. Intelligent sensors and controllers enable real-time data collection and analysis, allowing for predictive maintenance and reducing downtime. By ensuring that elevators operate at peak efficiency, these technologies contribute to significant energy savings and improved user experience. The integration of IoT and AI technologies further enhances the capabilities of sensors and controllers, making elevators smarter and more responsive to the needs of the building occupants.

Building Management Systems (BMS) represent a holistic approach to managing and optimizing energy use in elevators. BMS integrates elevator systems with other building systems, such as lighting, HVAC, and security, to create a cohesive and energy-efficient environment. By leveraging data from various sources, BMS can make informed decisions to optimize elevator usage patterns, reduce peak demand, and improve overall energy efficiency. The implementation of BMS in buildings not only enhances the performance of elevators but also contributes to the overall sustainability goals of the building, making it a critical component of modern energy-efficient elevator solutions.

Global Energy Efficient Elevators Market, Segmentation by End User

The Global Energy Efficient Elevators Market has been segmented by End User into Industrial, Commercial, Residential and Other End Users.

The industrial segment encompasses manufacturing facilities, warehouses, and other large-scale operations where energy efficiency is critical for cost management and sustainability. These environments benefit from energy-efficient elevators that reduce operational costs and enhance productivity through reliable and quick vertical transportation of goods and personnel.

The commercial segment is a major driver of the energy-efficient elevators market. This includes office buildings, retail spaces, hotels, and hospitals, where the demand for efficient, reliable, and eco-friendly elevator systems is high. In commercial buildings, energy-efficient elevators not only help in reducing operational costs but also enhance the building's appeal to tenants and visitors by promoting a green and sustainable image. Advanced features such as destination control systems and smart scheduling further optimize energy use, contributing to the growing adoption of these systems in commercial properties.

The residential segment is experiencing significant growth due to the increasing focus on sustainable living and green building practices. Homeowners and developers are increasingly incorporating energy-efficient elevators in multi-story residential buildings to minimize energy consumption and improve the overall efficiency of building operations. These elevators offer benefits such as lower electricity bills, quieter operation, and enhanced property value, making them an attractive investment for residential projects. Other end users, including educational institutions and public infrastructure, also contribute to market growth by adopting energy-efficient elevator solutions to support sustainability goals and reduce energy expenses.

Global Energy Efficient Elevators Market, Segmentation by Geography

In this report, the Global Energy Efficient Elevators Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.

Global Energy Efficient Elevators Market Share (%), by Geographical Region, 2024

In North America, the market for energy-efficient elevators is driven by stringent building codes and standards aimed at reducing energy consumption and carbon emissions. The region's mature construction industry, combined with a strong focus on sustainability and green building initiatives, fosters the demand for advanced elevator systems that offer significant energy savings. Additionally, the presence of leading elevator manufacturers and technological innovations in smart building solutions contribute to the market's expansion in this region.

Europe is another significant market for energy-efficient elevators, characterized by its robust regulatory framework and commitment to environmental sustainability. The European Union's directives on energy performance in buildings and the widespread adoption of energy efficiency standards push the market towards eco-friendly elevator solutions. Countries such as Germany, the UK, and France are at the forefront of implementing energy-efficient technologies in new construction and retrofitting projects, driving the demand for elevators that reduce operational energy costs and improve building performance.

Asia Pacific emerges as the fastest-growing market for energy-efficient elevators, propelled by rapid urbanization, infrastructure development, and rising awareness about energy conservation. Major economies like China, Japan, and India are witnessing substantial investments in smart city initiatives and green building projects, which include the deployment of energy-efficient vertical transportation systems. The region's burgeoning construction sector and increasing focus on sustainable urban development create a favorable environment for the adoption of advanced elevator technologies that enhance energy efficiency and reduce environmental impact.

This report provides an in depth analysis of various factors that impact the dynamics of Global Energy Efficient Elevators Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.

Drivers, Restraints and Opportunity Analysis

Drivers:

• Urbanization Growth
• Sustainability Mandates

• Technological Advancements : Technological advancements are significantly transforming the Global Energy Efficient Elevators Market, driving the development and adoption of more sustainable and efficient solutions. One of the most notable advancements is the integration of regenerative drive technology. This innovation allows elevators to capture energy that is typically lost during operation, particularly during braking, and convert it into usable electrical power that can be fed back into the building's grid. This not only reduces the elevator's net energy consumption but also contributes to the overall energy efficiency of the building, lowering operating costs and supporting green building certifications.

  Another critical advancement is the development of machine-room-less (MRL) elevators. MRL elevators eliminate the need for a separate machine room, which not only saves space but also reduces energy consumption by utilizing more efficient gearless traction systems. These systems are designed to operate with less friction and lower energy requirements compared to traditional geared systems. Additionally, MRL elevators incorporate advanced control algorithms that optimize the elevator's performance, reducing idle time and improving the overall efficiency of the vertical transportation system.

  Smart elevator technologies are also making a substantial impact on the energy efficiency of elevators. These include destination control systems, which optimize the assignment of elevator cars based on passenger destinations, thereby reducing the number of stops and energy consumed per trip. Additionally, the use of IoT (Internet of Things) and AI (Artificial Intelligence) in elevator systems enables real-time monitoring and predictive maintenance, ensuring that elevators operate at peak efficiency and reducing downtime. Smart sensors and advanced software can analyze usage patterns, adjust performance parameters dynamically, and provide data-driven insights to further enhance energy savings and operational efficiency. These technological advancements collectively contribute to the growing demand for energy-efficient elevators, supporting the broader trend towards sustainable building practices.

Restraints:

• High Costs
• Technical Complexity

• Limited Awareness : Limited awareness presents a significant challenge for the Global Energy Efficient Elevators Market across various regions. In many parts of the world, awareness about the benefits and availability of energy-efficient elevator technologies remains low among building owners, developers, and even some architects and engineers. This lack of awareness often leads to a preference for conventional elevator systems that may not prioritize energy efficiency, thereby missing out on potential cost savings and environmental benefits.

  One of the key reasons behind this limited awareness is the perception that energy-efficient elevators are significantly more expensive than traditional models. While initial costs may be higher due to advanced technologies and materials used, the long-term operational savings and environmental advantages of energy-efficient elevators are often overlooked or underestimated. Clear communication and education about the lifecycle cost benefits, energy savings, and sustainability advantages of these elevators are crucial in overcoming this misconception.

  There is a lack of standardized information and guidelines regarding energy-efficient elevator solutions in many regions. Building regulations and codes often focus more on structural safety and general construction standards rather than specific energy efficiency requirements for elevators. This regulatory gap can lead to inconsistent adoption of energy-efficient technologies across different jurisdictions, further complicating efforts to raise awareness and incentivize their use.

  The complexity of elevator systems and the technical specifications involved can also contribute to limited awareness. Building owners and developers may not always be aware of the various energy-saving features and technologies available in modern elevator systems, such as regenerative drives, LED lighting, and efficient motor systems. Educating stakeholders through industry collaborations, certification programs, and case studies demonstrating successful implementations of energy-efficient elevators can help bridge this knowledge gap and drive greater adoption worldwide.

Opportunities:

• Green Buildings
• Regenerative Drives

• Smart Controls : Smart controls represent a pivotal advancement driving the Global Energy Efficient Elevators Market forward. These technologies encompass a range of innovations aimed at optimizing elevator operations for greater energy efficiency, enhanced performance, and improved user experience. Smart controls utilize advanced algorithms, sensors, and connectivity features to monitor and adjust elevator operation in real-time based on factors such as traffic patterns, building occupancy, and energy demand.

  One of the key components of smart controls is destination control systems (DCS), which streamline elevator operations by grouping passengers traveling to similar floors and reducing unnecessary stops. By minimizing travel time and optimizing elevator routes, DCS not only improves efficiency but also reduces energy consumption significantly, especially in high-traffic buildings. This technology enhances user convenience by reducing wait times and improving overall ride comfort.

  Predictive maintenance capabilities enabled by smart controls play a crucial role in minimizing downtime and enhancing elevator reliability. By continuously monitoring elevator performance and detecting potential issues early, predictive maintenance systems help prevent costly breakdowns and ensure smooth operation. This proactive approach not only extends the lifespan of elevator components but also reduces maintenance costs and enhances overall system efficiency.

  Smart controls integrate with building management systems (BMS) to provide comprehensive data analytics and insights into elevator performance and energy usage. Building operators can leverage this information to optimize energy consumption, identify areas for improvement, and implement energy-saving strategies effectively. As buildings strive to achieve higher levels of energy efficiency and sustainability, the integration of smart controls into elevator systems is expected to continue driving innovation and growth in the global market.

Key players in Global Energy Efficient Elevators Market include:

• Hitachi Ltd
• Mitsubishi Electric Corporation
• Hyundai Elevators Co. Ltd
• KONE Corporation

In this report, the profile of each market player provides following information:

• Company Overview and Product Portfolio
• Key Developments
• Financial Overview
• Strategies
• Company SWOT Analysis