The global Smart Elevator Components market projected to hit US$ 1553 million in 2025 to US$ 2304 million in 2031; it is expected to grow at a CAGR of 6.8% from 2025 to 2031.

Global Smart Elevator Components Market Trends and Analysis 2025-31

The global Smart Elevator Components market size is predicted to grow from US$ 1553 million in 2025 to US$ 2304 million in 2031; it is expected to grow at a CAGR of 6.8% from 2025 to 2031. Smart Elevator uses the IoT system to record the entire cycle of IoT elevators from manufacturing to scrapping, as well as all key information files. It can also use big data analysis methods to count indicators such as fault types, secondary repair rates, and maintenance cycles. United States market for Smart Elevator Components is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031. China market for Smart Elevator Components is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031. Europe market for Smart Elevator Components is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031. Global key Smart Elevator Components players cover Robustel, Birla Group, Shanghai STEP Electric Corporation, Shenzhen Haiyida Technology Co., Ltd, Mitsubishi Elevator, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024. LPI (LP Information) newest research report, the Smart Elevator Components Industry Forecast looks at past sales and reviews total world Smart Elevator Components sales in 2024, providing a comprehensive analysis by region and market sector of projected Smart Elevator Components sales for 2025 through 2031. With Smart Elevator Components sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Elevator Components industry. This Insight Report provides a comprehensive analysis of the global Smart Elevator Components landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Smart Elevator Components portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Smart Elevator Components market. This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Elevator Components and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Elevator Components. This report presents a comprehensive overview, market shares, and growth opportunities of Smart Elevator Components market by product type, application, key players and key regions and countries. Segmentation by Type: &nbsp;&nbsp;&nbsp; Elevator Controller &nbsp;&nbsp;&nbsp; Control Panels &nbsp;&nbsp;&nbsp; Access Control Systems &nbsp;&nbsp;&nbsp; Others Segmentation by Application: &nbsp;&nbsp;&nbsp; Residential Elevators &nbsp;&nbsp;&nbsp; Commercial Elevators &nbsp;&nbsp;&nbsp; Others This report also splits the market by region: &nbsp;&nbsp;&nbsp; Americas &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; United States &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Canada &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mexico &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brazil &nbsp;&nbsp;&nbsp; APAC &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; China &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Japan &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Southeast Asia &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; India &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Australia &nbsp;&nbsp;&nbsp; Europe &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Germany &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; France &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; UK &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Italy &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Russia &nbsp;&nbsp;&nbsp; Middle East & Africa &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Egypt &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Africa &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Israel &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Turkey &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the companys coverage, product portfolio, its market penetration. &nbsp;&nbsp;&nbsp; Robustel &nbsp;&nbsp;&nbsp; Birla Group &nbsp;&nbsp;&nbsp; Shanghai STEP Electric Corporation &nbsp;&nbsp;&nbsp; Shenzhen Haiyida Technology Co., Ltd &nbsp;&nbsp;&nbsp; Mitsubishi Elevator &nbsp;&nbsp;&nbsp; Inovance &nbsp;&nbsp;&nbsp; Shenzhen INVT Electric Co., Ltd &nbsp;&nbsp;&nbsp; Jiangsu Huahong Technology &nbsp;&nbsp;&nbsp; Hangzhou Huning Elevator Parts Co., Ltd

1 Scope of the Report &nbsp;1.1 Market Introduction &nbsp;1.2 Years Considered &nbsp;1.3 Research Objectives &nbsp;1.4 Market Research Methodology &nbsp;1.5 Research Process and Data Source &nbsp;1.6 Economic Indicators &nbsp;1.7 Currency Considered &nbsp;1.8 Market Estimation Caveats 2 Executive Summary &nbsp;2.1 World Market Overview &nbsp;2.1.1 Global Smart Elevator Components Market Size (2020-2031) &nbsp;2.1.2 Smart Elevator Components Market Size CAGR by Region (2020 VS 2024 VS 2031) &nbsp;2.1.3 World Current & Future Analysis for Smart Elevator Components by Country/Region (2020, 2024 & 2031) &nbsp;2.2 Smart Elevator Components Segment by Type &nbsp;2.2.1 Elevator Controller &nbsp;2.2.2 Control Panels &nbsp;2.2.3 Access Control Systems &nbsp;2.2.4 Others &nbsp;2.3 Smart Elevator Components Market Size by Type &nbsp;2.3.1 Smart Elevator Components Market Size CAGR by Type (2020 VS 2024 VS 2031) &nbsp;2.3.2 Global Smart Elevator Components Market Size Market Share by Type (2020-2025) &nbsp;2.4 Smart Elevator Components Segment by Application &nbsp;2.4.1 Residential Elevators &nbsp;2.4.2 Commercial Elevators &nbsp;2.4.3 Others &nbsp;2.5 Smart Elevator Components Market Size by Application &nbsp;2.5.1 Smart Elevator Components Market Size CAGR by Application (2020 VS 2024 VS 2031) &nbsp;2.5.2 Global Smart Elevator Components Market Size Market Share by Application (2020-2025) 3 Smart Elevator Components Market Size by Player &nbsp;3.1 Smart Elevator Components Market Size Market Share by Player &nbsp;3.1.1 Global Smart Elevator Components Revenue by Player (2020-2025) &nbsp;3.1.2 Global Smart Elevator Components Revenue Market Share by Player (2020-2025) &nbsp;3.2 Global Smart Elevator Components Key Players Head office and Products Offered &nbsp;3.3 Market Concentration Rate Analysis &nbsp;3.3.1 Competition Landscape Analysis &nbsp;3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025) &nbsp;3.4 New Products and Potential Entrants &nbsp;3.5 Mergers & Acquisitions, Expansion 4 Smart Elevator Components by Region &nbsp;4.1 Smart Elevator Components Market Size by Region (2020-2025) &nbsp;4.2 Global Smart Elevator Components Annual Revenue by Country/Region (2020-2025) &nbsp;4.3 Americas Smart Elevator Components Market Size Growth (2020-2025) &nbsp;4.4 APAC Smart Elevator Components Market Size Growth (2020-2025) &nbsp;4.5 Europe Smart Elevator Components Market Size Growth (2020-2025) &nbsp;4.6 Middle East & Africa Smart Elevator Components Market Size Growth (2020-2025) 5 Americas &nbsp;5.1 Americas Smart Elevator Components Market Size by Country (2020-2025) &nbsp;5.2 Americas Smart Elevator Components Market Size by Type (2020-2025) &nbsp;5.3 Americas Smart Elevator Components Market Size by Application (2020-2025) &nbsp;5.4 United States &nbsp;5.5 Canada &nbsp;5.6 Mexico &nbsp;5.7 Brazil 6 APAC &nbsp;6.1 APAC Smart Elevator Components Market Size by Region (2020-2025) &nbsp;6.2 APAC Smart Elevator Components Market Size by Type (2020-2025) &nbsp;6.3 APAC Smart Elevator Components Market Size by Application (2020-2025) &nbsp;6.4 China &nbsp;6.5 Japan &nbsp;6.6 South Korea &nbsp;6.7 Southeast Asia &nbsp;6.8 India &nbsp;6.9 Australia 7 Europe &nbsp;7.1 Europe Smart Elevator Components Market Size by Country (2020-2025) &nbsp;7.2 Europe Smart Elevator Components Market Size by Type (2020-2025) &nbsp;7.3 Europe Smart Elevator Components Market Size by Application (2020-2025) &nbsp;7.4 Germany &nbsp;7.5 France &nbsp;7.6 UK &nbsp;7.7 Italy &nbsp;7.8 Russia 8 Middle East & Africa &nbsp;8.1 Middle East & Africa Smart Elevator Components by Region (2020-2025) &nbsp;8.2 Middle East & Africa Smart Elevator Components Market Size by Type (2020-2025) &nbsp;8.3 Middle East & Africa Smart Elevator Components Market Size by Application (2020-2025) &nbsp;8.4 Egypt &nbsp;8.5 South Africa &nbsp;8.6 Israel &nbsp;8.7 Turkey &nbsp;8.8 GCC Countries 9 Market Drivers, Challenges and Trends &nbsp;9.1 Market Drivers & Growth Opportunities &nbsp;9.2 Market Challenges & Risks &nbsp;9.3 Industry Trends 10 Global Smart Elevator Components Market Forecast &nbsp;10.1 Global Smart Elevator Components Forecast by Region (2026-2031) &nbsp;10.1.1 Global Smart Elevator Components Forecast by Region (2026-2031) &nbsp;10.1.2 Americas Smart Elevator Components Forecast &nbsp;10.1.3 APAC Smart Elevator Components Forecast &nbsp;10.1.4 Europe Smart Elevator Components Forecast &nbsp;10.1.5 Middle East & Africa Smart Elevator Components Forecast &nbsp;10.2 Americas Smart Elevator Components Forecast by Country (2026-2031) &nbsp;10.2.1 United States Market Smart Elevator Components Forecast &nbsp;10.2.2 Canada Market Smart Elevator Components Forecast &nbsp;10.2.3 Mexico Market Smart Elevator Components Forecast &nbsp;10.2.4 Brazil Market Smart Elevator Components Forecast &nbsp;10.3 APAC Smart Elevator Components Forecast by Region (2026-2031) &nbsp;10.3.1 China Smart Elevator Components Market Forecast &nbsp;10.3.2 Japan Market Smart Elevator Components Forecast &nbsp;10.3.3 Korea Market Smart Elevator Components Forecast &nbsp;10.3.4 Southeast Asia Market Smart Elevator Components Forecast &nbsp;10.3.5 India Market Smart Elevator Components Forecast &nbsp;10.3.6 Australia Market Smart Elevator Components Forecast &nbsp;10.4 Europe Smart Elevator Components Forecast by Country (2026-2031) &nbsp;10.4.1 Germany Market Smart Elevator Components Forecast &nbsp;10.4.2 France Market Smart Elevator Components Forecast &nbsp;10.4.3 UK Market Smart Elevator Components Forecast &nbsp;10.4.4 Italy Market Smart Elevator Components Forecast &nbsp;10.4.5 Russia Market Smart Elevator Components Forecast &nbsp;10.5 Middle East & Africa Smart Elevator Components Forecast by Region (2026-2031) &nbsp;10.5.1 Egypt Market Smart Elevator Components Forecast &nbsp;10.5.2 South Africa Market Smart Elevator Components Forecast &nbsp;10.5.3 Israel Market Smart Elevator Components Forecast &nbsp;10.5.4 Turkey Market Smart Elevator Components Forecast &nbsp;10.6 Global Smart Elevator Components Forecast by Type (2026-2031) &nbsp;10.7 Global Smart Elevator Components Forecast by Application (2026-2031) &nbsp;10.7.1 GCC Countries Market Smart Elevator Components Forecast 11 Key Players Analysis &nbsp;11.1 Robustel &nbsp;11.1.1 Robustel Company Information &nbsp;11.1.2 Robustel Smart Elevator Components Product Offered &nbsp;11.1.3 Robustel Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.1.4 Robustel Main Business Overview &nbsp;11.1.5 Robustel Latest Developments &nbsp;11.2 Birla Group &nbsp;11.2.1 Birla Group Company Information &nbsp;11.2.2 Birla Group Smart Elevator Components Product Offered &nbsp;11.2.3 Birla Group Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.2.4 Birla Group Main Business Overview &nbsp;11.2.5 Birla Group Latest Developments &nbsp;11.3 Shanghai STEP Electric Corporation &nbsp;11.3.1 Shanghai STEP Electric Corporation Company Information &nbsp;11.3.2 Shanghai STEP Electric Corporation Smart Elevator Components Product Offered &nbsp;11.3.3 Shanghai STEP Electric Corporation Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.3.4 Shanghai STEP Electric Corporation Main Business Overview &nbsp;11.3.5 Shanghai STEP Electric Corporation Latest Developments &nbsp;11.4 Shenzhen Haiyida Technology Co., Ltd &nbsp;11.4.1 Shenzhen Haiyida Technology Co., Ltd Company Information &nbsp;11.4.2 Shenzhen Haiyida Technology Co., Ltd Smart Elevator Components Product Offered &nbsp;11.4.3 Shenzhen Haiyida Technology Co., Ltd Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.4.4 Shenzhen Haiyida Technology Co., Ltd Main Business Overview &nbsp;11.4.5 Shenzhen Haiyida Technology Co., Ltd Latest Developments &nbsp;11.5 Mitsubishi Elevator &nbsp;11.5.1 Mitsubishi Elevator Company Information &nbsp;11.5.2 Mitsubishi Elevator Smart Elevator Components Product Offered &nbsp;11.5.3 Mitsubishi Elevator Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.5.4 Mitsubishi Elevator Main Business Overview &nbsp;11.5.5 Mitsubishi Elevator Latest Developments &nbsp;11.6 Inovance &nbsp;11.6.1 Inovance Company Information &nbsp;11.6.2 Inovance Smart Elevator Components Product Offered &nbsp;11.6.3 Inovance Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.6.4 Inovance Main Business Overview &nbsp;11.6.5 Inovance Latest Developments &nbsp;11.7 Shenzhen INVT Electric Co., Ltd &nbsp;11.7.1 Shenzhen INVT Electric Co., Ltd Company Information &nbsp;11.7.2 Shenzhen INVT Electric Co., Ltd Smart Elevator Components Product Offered &nbsp;11.7.3 Shenzhen INVT Electric Co., Ltd Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.7.4 Shenzhen INVT Electric Co., Ltd Main Business Overview &nbsp;11.7.5 Shenzhen INVT Electric Co., Ltd Latest Developments &nbsp;11.8 Jiangsu Huahong Technology &nbsp;11.8.1 Jiangsu Huahong Technology Company Information &nbsp;11.8.2 Jiangsu Huahong Technology Smart Elevator Components Product Offered &nbsp;11.8.3 Jiangsu Huahong Technology Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.8.4 Jiangsu Huahong Technology Main Business Overview &nbsp;11.8.5 Jiangsu Huahong Technology Latest Developments &nbsp;11.9 Hangzhou Huning Elevator Parts Co., Ltd &nbsp;11.9.1 Hangzhou Huning Elevator Parts Co., Ltd Company Information &nbsp;11.9.2 Hangzhou Huning Elevator Parts Co., Ltd Smart Elevator Components Product Offered &nbsp;11.9.3 Hangzhou Huning Elevator Parts Co., Ltd Smart Elevator Components Revenue, Gross Margin and Market Share (2020-2025) &nbsp;11.9.4 Hangzhou Huning Elevator Parts Co., Ltd Main Business Overview &nbsp;11.9.5 Hangzhou Huning Elevator Parts Co., Ltd Latest Developments 12 Research Findings and Conclusion

Report	Global Smart Elevator Components Market Growth (Status and Outlook) 2025-2031
Selected License	Multi ID: LPI17621

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