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Machinery & Equipment Global Elevator Control Components Market 2026 by Company, Regions, Type and Application, Forecast to 2032

  • RnM4671630
    • |
  • 10 February, 2026
    • |
  • Global
    • |
  • 137 Pages
    • |
  • GIR
    • |
  • Machinery & Equipment

According to our (Global Info Research) latest study, the global Elevator Control Components market size was valued at US$ million in 2025 and is forecast to a readjusted size of US$ million by 2032 with a CAGR of %during review period.
Elevator control components are the electrical and electronic parts that manage and regulate the operation of an elevator—including signaling, motion control, safety logic, dispatching, and user interface functions—to ensure safe, efficient vertical transport in buildings.
The elevator control components industry chain begins upstream with raw material and semiconductor suppliers providing chips, sensors, printed circuit boards, and metallic housings; it flows midstream into manufacturers and system integrators that design, assemble, and test controllers, dispatch systems, and safety modules; downstream involves distributors, OEM elevator producers (e.g., KONE, Otis, Mitsubishi) and service partners who install, retrofit, and maintain these systems for residential, commercial, industrial, and public projects globally, supported by software providers that enable IoT connectivity, analytics and predictive maintenance to enhance performance and safety.
Across Asia Pacific, the Middle East, Europe, and North America, hundreds of high-rise residential and commercial buildings under construction are integrating advanced elevator control systems, including smart destination dispatch projects in skyscrapers in Shanghai and Dubai, transit hub vertical transport upgrades in Singapore and New York, and retrofit modernization of aging elevator fleets in London and Tokyo; planned megaprojects such as mixed-use towers in Riyadh and green smart campus complexes in India include contracts for IoT-enabled control components, while infrastructure expansions in South Korea and Australia schedule deployment of adaptive control systems to improve throughput and energy efficiency.
2024 Global Market Average Gross Profit Margin: 22%.
This report is a detailed and comprehensive analysis for global Elevator Control Components market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Elevator Control Components market size and forecasts, in consumption value ($ Million), 2021-2032
Global Elevator Control Components market size and forecasts by region and country, in consumption value ($ Million), 2021-2032
Global Elevator Control Components market size and forecasts, by Type and by Application, in consumption value ($ Million), 2021-2032
Global Elevator Control Components market shares of main players, in revenue ($ Million), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Elevator Control Components
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Elevator Control Components market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Otis Elevator, Inovance, NIDEC, Smartrise Engineering, VANTAGE, Elevator Systems, Inc. (ESI), Shanghai Step Electric, Shenzhen V&T Technologies Co, Giovenzana International, Teknic Electric India Pvt. Ltd, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Elevator Control Components market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Relay-Based Controllers
Microprocessor-Based Controllers
IOT-Enabled Smart Controllers
PLC/Programmable Logic Controllers
Others
Market segment by Function
Floor Selection & Dispatch Boards
Safety & Overload Sensing Modules
Speed/Acceleration Controllers
Communication & Network Interface Units
Others
Market segment by System Architecture
Single Automatic Operation Control
Selective Collective Operation Control
Others
Market segment by Application
Passenger Elevator
Freight Elevator
Others
Market segment by players, this report covers
Otis Elevator
Inovance
NIDEC
Smartrise Engineering
VANTAGE
Elevator Systems, Inc. (ESI)
Shanghai Step Electric
Shenzhen V&T Technologies Co
Giovenzana International
Teknic Electric India Pvt. Ltd
Innovation
Wittur Group
G-Technologies Co
Shenzhen INVT Electric Co
Yaskawa Electric
Heyang Co., Ltd
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 and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Elevator Control Components product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Elevator Control Components, with revenue, gross margin, and global market share of Elevator Control Components from 2021 to 2026.
Chapter 3, the Elevator Control Components competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2021 to 2032.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2021 to 2026.and Elevator Control Components market forecast, by regions, by Type and by Application, with consumption value, from 2027 to 2032.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Elevator Control Components.
Chapter 13, to describe Elevator Control Components research findings and conclusion.


1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Classification of Elevator Control Components by Type
    • 1.3.1 Overview: Global Elevator Control Components Market Size by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Global Elevator Control Components Consumption Value Market Share by Type in 2025
    • 1.3.3 Relay-Based Controllers
    • 1.3.4 Microprocessor-Based Controllers
    • 1.3.5 IOT-Enabled Smart Controllers
    • 1.3.6 PLC/Programmable Logic Controllers
    • 1.3.7 Others
  • 1.4 Classification of Elevator Control Components by Function
    • 1.4.1 Overview: Global Elevator Control Components Market Size by Function: 2021 Versus 2025 Versus 2032
    • 1.4.2 Global Elevator Control Components Consumption Value Market Share by Function in 2025
    • 1.4.3 Floor Selection & Dispatch Boards
    • 1.4.4 Safety & Overload Sensing Modules
    • 1.4.5 Speed/Acceleration Controllers
    • 1.4.6 Communication & Network Interface Units
    • 1.4.7 Others
  • 1.5 Classification of Elevator Control Components by System Architecture
    • 1.5.1 Overview: Global Elevator Control Components Market Size by System Architecture: 2021 Versus 2025 Versus 2032
    • 1.5.2 Global Elevator Control Components Consumption Value Market Share by System Architecture in 2025
    • 1.5.3 Single Automatic Operation Control
    • 1.5.4 Selective Collective Operation Control
    • 1.5.5 Others
  • 1.6 Global Elevator Control Components Market by Application
    • 1.6.1 Overview: Global Elevator Control Components Market Size by Application: 2021 Versus 2025 Versus 2032
    • 1.6.2 Passenger Elevator
    • 1.6.3 Freight Elevator
    • 1.6.4 Others
  • 1.7 Global Elevator Control Components Market Size & Forecast
  • 1.8 Global Elevator Control Components Market Size and Forecast by Region
    • 1.8.1 Global Elevator Control Components Market Size by Region: 2021 VS 2025 VS 2032
    • 1.8.2 Global Elevator Control Components Market Size by Region, (2021-2032)
    • 1.8.3 North America Elevator Control Components Market Size and Prospect (2021-2032)
    • 1.8.4 Europe Elevator Control Components Market Size and Prospect (2021-2032)
    • 1.8.5 Asia-Pacific Elevator Control Components Market Size and Prospect (2021-2032)
    • 1.8.6 South America Elevator Control Components Market Size and Prospect (2021-2032)
    • 1.8.7 Middle East & Africa Elevator Control Components Market Size and Prospect (2021-2032)

2 Company Profiles

  • 2.1 Otis Elevator
    • 2.1.1 Otis Elevator Details
    • 2.1.2 Otis Elevator Major Business
    • 2.1.3 Otis Elevator Elevator Control Components Product and Solutions
    • 2.1.4 Otis Elevator Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 Otis Elevator Recent Developments and Future Plans
  • 2.2 Inovance
    • 2.2.1 Inovance Details
    • 2.2.2 Inovance Major Business
    • 2.2.3 Inovance Elevator Control Components Product and Solutions
    • 2.2.4 Inovance Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Inovance Recent Developments and Future Plans
  • 2.3 NIDEC
    • 2.3.1 NIDEC Details
    • 2.3.2 NIDEC Major Business
    • 2.3.3 NIDEC Elevator Control Components Product and Solutions
    • 2.3.4 NIDEC Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 NIDEC Recent Developments and Future Plans
  • 2.4 Smartrise Engineering
    • 2.4.1 Smartrise Engineering Details
    • 2.4.2 Smartrise Engineering Major Business
    • 2.4.3 Smartrise Engineering Elevator Control Components Product and Solutions
    • 2.4.4 Smartrise Engineering Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Smartrise Engineering Recent Developments and Future Plans
  • 2.5 VANTAGE
    • 2.5.1 VANTAGE Details
    • 2.5.2 VANTAGE Major Business
    • 2.5.3 VANTAGE Elevator Control Components Product and Solutions
    • 2.5.4 VANTAGE Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 VANTAGE Recent Developments and Future Plans
  • 2.6 Elevator Systems, Inc. (ESI)
    • 2.6.1 Elevator Systems, Inc. (ESI) Details
    • 2.6.2 Elevator Systems, Inc. (ESI) Major Business
    • 2.6.3 Elevator Systems, Inc. (ESI) Elevator Control Components Product and Solutions
    • 2.6.4 Elevator Systems, Inc. (ESI) Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Elevator Systems, Inc. (ESI) Recent Developments and Future Plans
  • 2.7 Shanghai Step Electric
    • 2.7.1 Shanghai Step Electric Details
    • 2.7.2 Shanghai Step Electric Major Business
    • 2.7.3 Shanghai Step Electric Elevator Control Components Product and Solutions
    • 2.7.4 Shanghai Step Electric Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 Shanghai Step Electric Recent Developments and Future Plans
  • 2.8 Shenzhen V&T Technologies Co
    • 2.8.1 Shenzhen V&T Technologies Co Details
    • 2.8.2 Shenzhen V&T Technologies Co Major Business
    • 2.8.3 Shenzhen V&T Technologies Co Elevator Control Components Product and Solutions
    • 2.8.4 Shenzhen V&T Technologies Co Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 Shenzhen V&T Technologies Co Recent Developments and Future Plans
  • 2.9 Giovenzana International
    • 2.9.1 Giovenzana International Details
    • 2.9.2 Giovenzana International Major Business
    • 2.9.3 Giovenzana International Elevator Control Components Product and Solutions
    • 2.9.4 Giovenzana International Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.9.5 Giovenzana International Recent Developments and Future Plans
  • 2.10 Teknic Electric India Pvt. Ltd
    • 2.10.1 Teknic Electric India Pvt. Ltd Details
    • 2.10.2 Teknic Electric India Pvt. Ltd Major Business
    • 2.10.3 Teknic Electric India Pvt. Ltd Elevator Control Components Product and Solutions
    • 2.10.4 Teknic Electric India Pvt. Ltd Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.10.5 Teknic Electric India Pvt. Ltd Recent Developments and Future Plans
  • 2.11 Innovation
    • 2.11.1 Innovation Details
    • 2.11.2 Innovation Major Business
    • 2.11.3 Innovation Elevator Control Components Product and Solutions
    • 2.11.4 Innovation Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.11.5 Innovation Recent Developments and Future Plans
  • 2.12 Wittur Group
    • 2.12.1 Wittur Group Details
    • 2.12.2 Wittur Group Major Business
    • 2.12.3 Wittur Group Elevator Control Components Product and Solutions
    • 2.12.4 Wittur Group Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.12.5 Wittur Group Recent Developments and Future Plans
  • 2.13 G-Technologies Co
    • 2.13.1 G-Technologies Co Details
    • 2.13.2 G-Technologies Co Major Business
    • 2.13.3 G-Technologies Co Elevator Control Components Product and Solutions
    • 2.13.4 G-Technologies Co Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.13.5 G-Technologies Co Recent Developments and Future Plans
  • 2.14 Shenzhen INVT Electric Co
    • 2.14.1 Shenzhen INVT Electric Co Details
    • 2.14.2 Shenzhen INVT Electric Co Major Business
    • 2.14.3 Shenzhen INVT Electric Co Elevator Control Components Product and Solutions
    • 2.14.4 Shenzhen INVT Electric Co Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.14.5 Shenzhen INVT Electric Co Recent Developments and Future Plans
  • 2.15 Yaskawa Electric
    • 2.15.1 Yaskawa Electric Details
    • 2.15.2 Yaskawa Electric Major Business
    • 2.15.3 Yaskawa Electric Elevator Control Components Product and Solutions
    • 2.15.4 Yaskawa Electric Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.15.5 Yaskawa Electric Recent Developments and Future Plans
  • 2.16 Heyang Co., Ltd
    • 2.16.1 Heyang Co., Ltd Details
    • 2.16.2 Heyang Co., Ltd Major Business
    • 2.16.3 Heyang Co., Ltd Elevator Control Components Product and Solutions
    • 2.16.4 Heyang Co., Ltd Elevator Control Components Revenue, Gross Margin and Market Share (2021-2026)
    • 2.16.5 Heyang Co., Ltd Recent Developments and Future Plans

3 Market Competition, by Players

  • 3.1 Global Elevator Control Components Revenue and Share by Players (2021-2026)
  • 3.2 Market Share Analysis (2025)
    • 3.2.1 Market Share of Elevator Control Components by Company Revenue
    • 3.2.2 Top 3 Elevator Control Components Players Market Share in 2025
    • 3.2.3 Top 6 Elevator Control Components Players Market Share in 2025
  • 3.3 Elevator Control Components Market: Overall Company Footprint Analysis
    • 3.3.1 Elevator Control Components Market: Region Footprint
    • 3.3.2 Elevator Control Components Market: Company Product Type Footprint
    • 3.3.3 Elevator Control Components Market: Company Product Application Footprint
  • 3.4 New Market Entrants and Barriers to Market Entry
  • 3.5 Mergers, Acquisition, Agreements, and Collaborations

4 Market Size Segment by Type

  • 4.1 Global Elevator Control Components Consumption Value and Market Share by Type (2021-2026)
  • 4.2 Global Elevator Control Components Market Forecast by Type (2027-2032)

5 Market Size Segment by Application

  • 5.1 Global Elevator Control Components Consumption Value Market Share by Application (2021-2026)
  • 5.2 Global Elevator Control Components Market Forecast by Application (2027-2032)

6 North America

  • 6.1 North America Elevator Control Components Consumption Value by Type (2021-2032)
  • 6.2 North America Elevator Control Components Market Size by Application (2021-2032)
  • 6.3 North America Elevator Control Components Market Size by Country
    • 6.3.1 North America Elevator Control Components Consumption Value by Country (2021-2032)
    • 6.3.2 United States Elevator Control Components Market Size and Forecast (2021-2032)
    • 6.3.3 Canada Elevator Control Components Market Size and Forecast (2021-2032)
    • 6.3.4 Mexico Elevator Control Components Market Size and Forecast (2021-2032)

7 Europe

  • 7.1 Europe Elevator Control Components Consumption Value by Type (2021-2032)
  • 7.2 Europe Elevator Control Components Consumption Value by Application (2021-2032)
  • 7.3 Europe Elevator Control Components Market Size by Country
    • 7.3.1 Europe Elevator Control Components Consumption Value by Country (2021-2032)
    • 7.3.2 Germany Elevator Control Components Market Size and Forecast (2021-2032)
    • 7.3.3 France Elevator Control Components Market Size and Forecast (2021-2032)
    • 7.3.4 United Kingdom Elevator Control Components Market Size and Forecast (2021-2032)
    • 7.3.5 Russia Elevator Control Components Market Size and Forecast (2021-2032)
    • 7.3.6 Italy Elevator Control Components Market Size and Forecast (2021-2032)

8 Asia-Pacific

  • 8.1 Asia-Pacific Elevator Control Components Consumption Value by Type (2021-2032)
  • 8.2 Asia-Pacific Elevator Control Components Consumption Value by Application (2021-2032)
  • 8.3 Asia-Pacific Elevator Control Components Market Size by Region
    • 8.3.1 Asia-Pacific Elevator Control Components Consumption Value by Region (2021-2032)
    • 8.3.2 China Elevator Control Components Market Size and Forecast (2021-2032)
    • 8.3.3 Japan Elevator Control Components Market Size and Forecast (2021-2032)
    • 8.3.4 South Korea Elevator Control Components Market Size and Forecast (2021-2032)
    • 8.3.5 India Elevator Control Components Market Size and Forecast (2021-2032)
    • 8.3.6 Southeast Asia Elevator Control Components Market Size and Forecast (2021-2032)
    • 8.3.7 Australia Elevator Control Components Market Size and Forecast (2021-2032)

9 South America

  • 9.1 South America Elevator Control Components Consumption Value by Type (2021-2032)
  • 9.2 South America Elevator Control Components Consumption Value by Application (2021-2032)
  • 9.3 South America Elevator Control Components Market Size by Country
    • 9.3.1 South America Elevator Control Components Consumption Value by Country (2021-2032)
    • 9.3.2 Brazil Elevator Control Components Market Size and Forecast (2021-2032)
    • 9.3.3 Argentina Elevator Control Components Market Size and Forecast (2021-2032)

10 Middle East & Africa

  • 10.1 Middle East & Africa Elevator Control Components Consumption Value by Type (2021-2032)
  • 10.2 Middle East & Africa Elevator Control Components Consumption Value by Application (2021-2032)
  • 10.3 Middle East & Africa Elevator Control Components Market Size by Country
    • 10.3.1 Middle East & Africa Elevator Control Components Consumption Value by Country (2021-2032)
    • 10.3.2 Turkey Elevator Control Components Market Size and Forecast (2021-2032)
    • 10.3.3 Saudi Arabia Elevator Control Components Market Size and Forecast (2021-2032)
    • 10.3.4 UAE Elevator Control Components Market Size and Forecast (2021-2032)

11 Market Dynamics

  • 11.1 Elevator Control Components Market Drivers
  • 11.2 Elevator Control Components Market Restraints
  • 11.3 Elevator Control Components Trends Analysis
  • 11.4 Porters Five Forces Analysis
    • 11.4.1 Threat of New Entrants
    • 11.4.2 Bargaining Power of Suppliers
    • 11.4.3 Bargaining Power of Buyers
    • 11.4.4 Threat of Substitutes
    • 11.4.5 Competitive Rivalry

12 Industry Chain Analysis

  • 12.1 Elevator Control Components Industry Chain
  • 12.2 Elevator Control Components Upstream Analysis
  • 12.3 Elevator Control Components Midstream Analysis
  • 12.4 Elevator Control Components Downstream Analysis

13 Research Findings and Conclusion

    14 Appendix

    • 14.1 Methodology
    • 14.2 Research Process and Data Source

    Summary:
    Get latest Market Research Reports on Elevator Control Components. Industry analysis & Market Report on Elevator Control Components is a syndicated market report, published as Global Elevator Control Components Market 2026 by Company, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Elevator Control Components market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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