Elevator Modernization Solutions Market, Global Outlook and Forecast 2023-2029

Report ID: MMG198563 | Category: Service & Software | Pages: 67 | Format: PDF | Published Date: September 04,2023

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Report Summary

Both, Hydraulic and Traction elevators, have to carry people or various items to the different floors of the building and each elevator has a weight capacity. Modernization, partial or full, of these elevators are needed due to load carrying capacity shortages, long wait times due to slow speed, high power consumption, wear and tear of components, and new regulations.
This report aims to provide a comprehensive presentation of the global market for Elevator Modernization Solutions, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Elevator Modernization Solutions. This report contains market size and forecasts of Elevator Modernization Solutions in global, including the following market information:
Global Elevator Modernization Solutions Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Elevator Modernization Solutions market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Power Units Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Elevator Modernization Solutions include United Technologies Corporation, KONE Corporation, Schindler Holding Ltd., ThyssenKrupp AG, Fujitec Co Ltd., Hitachi Ltd., Electra Elevators, Hyundai Elevator Co., Ltd and Mitsubishi Electric Corporation, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Elevator Modernization Solutions companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Elevator Modernization Solutions Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Elevator Modernization Solutions Market Segment Percentages, by Type, 2022 (%)
    Power Units
    Cabin Enclosures
    Controllers and Signaling Fixtures
    Door Equipment
    Others
Global Elevator Modernization Solutions Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Elevator Modernization Solutions Market Segment Percentages, by Application, 2022 (%)
    Industrial
    Residential
    Commercial
    Others
Global Elevator Modernization Solutions Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Elevator Modernization Solutions Market Segment Percentages, By Region and Country, 2022 (%)
    North America
        US
        Canada
        Mexico
    Europe
        Germany
        France
        U.K.
        Italy
        Russia
        Nordic Countries
        Benelux
        Rest of Europe
    Asia
        China
        Japan
        South Korea
        Southeast Asia
        India
        Rest of Asia
    South America
        Brazil
        Argentina
        Rest of South America
    Middle East & Africa
        Turkey
        Israel
        Saudi Arabia
        UAE
        Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Elevator Modernization Solutions revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Elevator Modernization Solutions revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    United Technologies Corporation
    KONE Corporation
    Schindler Holding Ltd.
    ThyssenKrupp AG
    Fujitec Co Ltd.
    Hitachi Ltd.
    Electra Elevators
    Hyundai Elevator Co., Ltd
    Mitsubishi Electric Corporation
    Toshiba International Corporation
Outline of Major Chapters:
Chapter 1: Introduces the definition of Elevator Modernization Solutions, market overview.
Chapter 2: Global Elevator Modernization Solutions market size in revenue.
Chapter 3: Detailed analysis of Elevator Modernization Solutions company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Elevator Modernization Solutions in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: 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 8: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Elevator Modernization Solutions Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Elevator Modernization Solutions Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Elevator Modernization Solutions Overall Market Size
    2.1 Global Elevator Modernization Solutions Market Size: 2022 VS 2029
    2.2 Global Elevator Modernization Solutions Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Elevator Modernization Solutions Players in Global Market
    3.2 Top Global Elevator Modernization Solutions Companies Ranked by Revenue
    3.3 Global Elevator Modernization Solutions Revenue by Companies
    3.4 Top 3 and Top 5 Elevator Modernization Solutions Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Elevator Modernization Solutions Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Elevator Modernization Solutions Players in Global Market
        3.6.1 List of Global Tier 1 Elevator Modernization Solutions Companies
        3.6.2 List of Global Tier 2 and Tier 3 Elevator Modernization Solutions Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Elevator Modernization Solutions Market Size Markets, 2022 & 2029
        4.1.2 Power Units
        4.1.3 Cabin Enclosures
        4.1.4 Controllers and Signaling Fixtures
        4.1.5 Door Equipment
        4.1.6 Others
    4.2 By Type - Global Elevator Modernization Solutions Revenue & Forecasts
        4.2.1 By Type - Global Elevator Modernization Solutions Revenue, 2018-2023
        4.2.2 By Type - Global Elevator Modernization Solutions Revenue, 2024-2029
        4.2.3 By Type - Global Elevator Modernization Solutions Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Elevator Modernization Solutions Market Size, 2022 & 2029
        5.1.2 Industrial
        5.1.3 Residential
        5.1.4 Commercial
        5.1.5 Others
    5.2 By Application - Global Elevator Modernization Solutions Revenue & Forecasts
        5.2.1 By Application - Global Elevator Modernization Solutions Revenue, 2018-2023
        5.2.2 By Application - Global Elevator Modernization Solutions Revenue, 2024-2029
        5.2.3 By Application - Global Elevator Modernization Solutions Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Elevator Modernization Solutions Market Size, 2022 & 2029
    6.2 By Region - Global Elevator Modernization Solutions Revenue & Forecasts
        6.2.1 By Region - Global Elevator Modernization Solutions Revenue, 2018-2023
        6.2.2 By Region - Global Elevator Modernization Solutions Revenue, 2024-2029
        6.2.3 By Region - Global Elevator Modernization Solutions Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Elevator Modernization Solutions Revenue, 2018-2029
        6.3.2 US Elevator Modernization Solutions Market Size, 2018-2029
        6.3.3 Canada Elevator Modernization Solutions Market Size, 2018-2029
        6.3.4 Mexico Elevator Modernization Solutions Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Elevator Modernization Solutions Revenue, 2018-2029
        6.4.2 Germany Elevator Modernization Solutions Market Size, 2018-2029
        6.4.3 France Elevator Modernization Solutions Market Size, 2018-2029
        6.4.4 U.K. Elevator Modernization Solutions Market Size, 2018-2029
        6.4.5 Italy Elevator Modernization Solutions Market Size, 2018-2029
        6.4.6 Russia Elevator Modernization Solutions Market Size, 2018-2029
        6.4.7 Nordic Countries Elevator Modernization Solutions Market Size, 2018-2029
        6.4.8 Benelux Elevator Modernization Solutions Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Elevator Modernization Solutions Revenue, 2018-2029
        6.5.2 China Elevator Modernization Solutions Market Size, 2018-2029
        6.5.3 Japan Elevator Modernization Solutions Market Size, 2018-2029
        6.5.4 South Korea Elevator Modernization Solutions Market Size, 2018-2029
        6.5.5 Southeast Asia Elevator Modernization Solutions Market Size, 2018-2029
        6.5.6 India Elevator Modernization Solutions Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Elevator Modernization Solutions Revenue, 2018-2029
        6.6.2 Brazil Elevator Modernization Solutions Market Size, 2018-2029
        6.6.3 Argentina Elevator Modernization Solutions Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Elevator Modernization Solutions Revenue, 2018-2029
        6.7.2 Turkey Elevator Modernization Solutions Market Size, 2018-2029
        6.7.3 Israel Elevator Modernization Solutions Market Size, 2018-2029
        6.7.4 Saudi Arabia Elevator Modernization Solutions Market Size, 2018-2029
        6.7.5 UAE Elevator Modernization Solutions Market Size, 2018-2029
7 Elevator Modernization Solutions Companies Profiles
    7.1 United Technologies Corporation
        7.1.1 United Technologies Corporation Company Summary
        7.1.2 United Technologies Corporation Business Overview
        7.1.3 United Technologies Corporation Elevator Modernization Solutions Major Product Offerings
        7.1.4 United Technologies Corporation Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.1.5 United Technologies Corporation Key News & Latest Developments
    7.2 KONE Corporation
        7.2.1 KONE Corporation Company Summary
        7.2.2 KONE Corporation Business Overview
        7.2.3 KONE Corporation Elevator Modernization Solutions Major Product Offerings
        7.2.4 KONE Corporation Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.2.5 KONE Corporation Key News & Latest Developments
    7.3 Schindler Holding Ltd.
        7.3.1 Schindler Holding Ltd. Company Summary
        7.3.2 Schindler Holding Ltd. Business Overview
        7.3.3 Schindler Holding Ltd. Elevator Modernization Solutions Major Product Offerings
        7.3.4 Schindler Holding Ltd. Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.3.5 Schindler Holding Ltd. Key News & Latest Developments
    7.4 ThyssenKrupp AG
        7.4.1 ThyssenKrupp AG Company Summary
        7.4.2 ThyssenKrupp AG Business Overview
        7.4.3 ThyssenKrupp AG Elevator Modernization Solutions Major Product Offerings
        7.4.4 ThyssenKrupp AG Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.4.5 ThyssenKrupp AG Key News & Latest Developments
    7.5 Fujitec Co Ltd.
        7.5.1 Fujitec Co Ltd. Company Summary
        7.5.2 Fujitec Co Ltd. Business Overview
        7.5.3 Fujitec Co Ltd. Elevator Modernization Solutions Major Product Offerings
        7.5.4 Fujitec Co Ltd. Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.5.5 Fujitec Co Ltd. Key News & Latest Developments
    7.6 Hitachi Ltd.
        7.6.1 Hitachi Ltd. Company Summary
        7.6.2 Hitachi Ltd. Business Overview
        7.6.3 Hitachi Ltd. Elevator Modernization Solutions Major Product Offerings
        7.6.4 Hitachi Ltd. Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.6.5 Hitachi Ltd. Key News & Latest Developments
    7.7 Electra Elevators
        7.7.1 Electra Elevators Company Summary
        7.7.2 Electra Elevators Business Overview
        7.7.3 Electra Elevators Elevator Modernization Solutions Major Product Offerings
        7.7.4 Electra Elevators Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.7.5 Electra Elevators Key News & Latest Developments
    7.8 Hyundai Elevator Co., Ltd
        7.8.1 Hyundai Elevator Co., Ltd Company Summary
        7.8.2 Hyundai Elevator Co., Ltd Business Overview
        7.8.3 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Major Product Offerings
        7.8.4 Hyundai Elevator Co., Ltd Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.8.5 Hyundai Elevator Co., Ltd Key News & Latest Developments
    7.9 Mitsubishi Electric Corporation
        7.9.1 Mitsubishi Electric Corporation Company Summary
        7.9.2 Mitsubishi Electric Corporation Business Overview
        7.9.3 Mitsubishi Electric Corporation Elevator Modernization Solutions Major Product Offerings
        7.9.4 Mitsubishi Electric Corporation Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.9.5 Mitsubishi Electric Corporation Key News & Latest Developments
    7.10 Toshiba International Corporation
        7.10.1 Toshiba International Corporation Company Summary
        7.10.2 Toshiba International Corporation Business Overview
        7.10.3 Toshiba International Corporation Elevator Modernization Solutions Major Product Offerings
        7.10.4 Toshiba International Corporation Elevator Modernization Solutions Revenue in Global Market (2018-2023)
        7.10.5 Toshiba International Corporation Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Elevator Modernization Solutions Market, Global Outlook and Forecast 2023-2029

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