Global Elevator Safety System Market Report 2025

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Published : December 2025

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Elevator Safety System Global Market Report 2025

Name: Elevator Safety System Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Type (Hydraulic Elevator Safety Systems, Traction Elevator Safety Systems, Pneumatic Elevator Safety Systems), By Component (Brake Systems, Safety Gear, Control Systems, Load Weighing Devices, Emergency Communication Systems), By Technology (Mechanical Safety Systems, Electrical Safety Systems, Smart Safety Systems, IoT-Enabled Safety Systems), By Application (Commercial Buildings, Residential Buildings, Industrial Facilities, Healthcare Institutions, Transportation Hubs), By End User (Building Contractors, Facility Managers, Real Estate Developers, Elevator Manufacturers, Regulatory Authorities) - Market Size, Trends, And Global Forecast 2025-2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Elevator Safety System Market Overview

• Elevator Safety System market size has reached to $13.11 billion in 2024

• Expected to grow to $20.21 billion in 2029 at a compound annual growth rate (CAGR) of 9%

• Growth Driver: Rise In Skyscraper Construction Fueling The Growth Of The Market Due To Urban Land Constraints And Vertical Development Trends

• Market Trend: Delta Electronics Launches EB3000 Compact Elevator Drives To Enhance Safety And Efficiency In Modern Infrastructure

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Elevator Safety System Market?

Elevator safety systems refer to a comprehensive set of safety mechanisms and protocols implemented to ensure the secure and reliable operation of elevators in various building environments. These systems are designed to prevent accidents, protect passengers during unexpected situations such as power failures or mechanical faults, and ensure compliance with stringent safety standards and regulations governing vertical transportation.

The main types of elevator safety systems are hydraulic elevator safety systems, traction elevator safety systems, and pneumatic elevator safety systems. Hydraulic elevator safety systems are mechanisms designed to prevent accidents in hydraulic lift operations, including components such as rupture valves, overspeed governors, and pressure relief systems that ensure safe lifting, lowering, and emergency response. These systems incorporate key components such as brake systems, safety gear, control systems, load weighing devices, and emergency communication systems and utilize a range of technologies, including mechanical safety systems, electrical safety systems, smart safety systems, and IoT-enabled safety systems. The various applications include commercial buildings, residential buildings, Industrial Facilities, healthcare institutions, and transportation hubs, catering to diverse end users such as building contractors, facility managers, real estate developers, elevator manufacturers, and regulatory authorities.

Elevator Safety System Market Size and growth rate 2025 to 2029: Graph

What Is The Elevator Safety System Market Size 2025 And Growth Rate?

What Is The Elevator Safety System Market Growth Forecast?

The elevator safety system market size is expected to see strong growth in the next few years. It will grow to $20.21 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to the rise in megacities and vertical expansion, rising adoption of predictive maintenance, growth of modular and prefabricated buildings, rising urbanization and infrastructure development, and growing awareness of safety and security. Major trends in the forecast period include innovations in traction elevator systems, advancements in sensor technology, IoT integration and smart monitoring systems, 5G and cloud-enabled elevator monitoring, and innovation in safety features.

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What’s The Trade War Impact On Machinery Industry?

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

How Is The Elevator Safety System Market Segmented?

1) By Type: Hydraulic Elevator Safety Systems, Traction Elevator Safety Systems, Pneumatic Elevator Safety Systems

2) By Component: Brake Systems, Safety Gear, Control Systems, Load Weighing Devices, Emergency Communication Systems

3) By Technology: Mechanical Safety Systems, Electrical Safety Systems, Smart Safety Systems, IoT-Enabled Safety Systems

4) By Application: Commercial Buildings, Residential Buildings, Industrial Facilities, Healthcare Institutions, Transportation Hubs

5) By End User: Building Contractors, Facility Managers, Real Estate Developers, Elevator Manufacturers, Regulatory Authorities

Subsegments:

1) By Hydraulic Elevator Safety Systems: Buffer Systems, Overspeed Governors, Emergency Lowering Systems, Door Interlocks, Safety Brakes

2) By Traction Elevator Safety Systems: Rope Grippers, Overspeed Governors, Counterweight Safety Gears, Brake Control Systems, Load Weighing Devices

3) By Pneumatic Elevator Safety Systems: Air Pressure Regulation Systems, Emergency Brake Systems, Vacuum Pump Safety Controls, Door Locking Mechanisms, Safety Valves

What Is Driving The Elevator Safety System Market? Rise In Skyscraper Construction Fueling The Growth Of The Market Due To Urban Land Constraints And Vertical Development Trends

The increasing number of skyscrapers and multi-story buildings is expected to propel the growth of the elevator safety system market going forward. Skyscrapers and multi-story buildings refer to tall structures that consist of multiple floors or levels, typically designed for residential, commercial, or mixed-use purposes, and are often equipped with elevators to facilitate vertical transportation within the building. The number of skyscrapers and multi-story buildings is increasing as limited land availability in urban areas pushes developers to build vertically to maximize usable space. Elevator safety systems are essential in skyscrapers and multi-story buildings to ensure safe and reliable vertical transportation, preventing accidents such as free falls or entrapments through features including emergency brakes and overspeed governors. For instance, in January 2024, according to the Council on Tall Buildings and Urban Habitat, a US-based non-profit organization, 185 structures that were 200 meters or higher in 2023 set a new record for tall building completions, up 12.8% from the 164 completed in 2022. Therefore, the increasing number of skyscrapers and multi-story buildings is driving the growth of the elevator safety system industry.

Who Are The Major Players In The Global Elevator Safety System Market?

Major companies operating in the elevator safety system market are Hitachi Ltd., ThyssenKrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation, Otis Worldwide Corporation, Schindler Holding AG, KONE Corporation, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., Wittur Holding GmbH, Savaria Corporation, Orona S. Coop., Kleemann Hellas S.A., Stannah Lifts Holdings Ltd., The Hilliard Corporation, Sicher Elevator Co. Ltd., Dewhurst Group plc, DoorKing Inc., Escon Elevators Private Limited, Total Door Systems Inc., C.J. Anderson & Company, Johnson Lifts Private Limited.

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What Are Latest Mergers And Acquisitions In The Elevator Safety System Market? Kings III Strengthens Elevator Safety Capabilities With Acquisition Of LiftNet For Advanced Remote Monitoring Solutions

In April 2025, Kings III Emergency Communications, a US-based company specializing in emergency communication systems and monitoring services, acquired LiftNet for an undisclosed amount. With this acquisition, Kings III aims to create additional value, safety, and reliability for critical infrastructure, commercial building owners, and property managers across North America by combining emergency response expertise with advanced, real-time elevator and escalator performance monitoring. LiftNet is a US-based provider of elevator and escalator monitoring services that specializes in elevator safety and remote monitoring systems.

What Is The Regional Outlook For The Global Elevator Safety System Market?

North America was the largest region in the elevator safety system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Elevator Safety System Market?

The elevator safety system market consists of sales of emergency brakes, door interlocks, control panels, buffer systems, overload sensors, emergency alarm systems, and fire emergency controls. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Elevator Safety System Industry?

The elevator safety system market research report is one of a series of new reports from The Business Research Company that provides market statistics, including elevator safety system industry global market size, regional shares, competitors with an market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the elevator safety system industry. This elevator safety system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Author : Girish Kavali

Elevator Safety System Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$14.33 billion
Revenue Forecast In 2034	$20.21 billion
Growth Rate	CAGR of 9.0% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	Type, Component, Technology, Application, End User
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Hitachi Ltd., ThyssenKrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation, Otis Worldwide Corporation, Schindler Holding AG, KONE Corporation, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., Wittur Holding GmbH, Savaria Corporation, Orona S. Coop., Kleemann Hellas S.A., Stannah Lifts Holdings Ltd., The Hilliard Corporation, Sicher Elevator Co. Ltd., Dewhurst Group plc, DoorKing Inc., Escon Elevators Private Limited, Total Door Systems Inc., C.J. Anderson & Company, Johnson Lifts Private Limited.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Elevator Safety System Market Characteristics

3. Elevator Safety System Market Trends And Strategies

4. Elevator Safety System Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Elevator Safety System Growth Analysis And Strategic Analysis Framework

5.1. Global Elevator Safety System PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Elevator Safety System Market Growth Rate Analysis

5.4. Global Elevator Safety System Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Elevator Safety System Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Elevator Safety System Total Addressable Market (TAM)

6. Elevator Safety System Market Segmentation

6.1. Global Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Hydraulic Elevator Safety Systems

Traction Elevator Safety Systems

Pneumatic Elevator Safety Systems

6.2. Global Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Brake Systems

Safety Gear

Control Systems

Load Weighing Devices

Emergency Communication Systems

6.3. Global Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Mechanical Safety Systems

Electrical Safety Systems

Smart Safety Systems

IoT-Enabled Safety Systems

6.4. Global Elevator Safety System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Commercial Buildings

Residential Buildings

Industrial Facilities

Healthcare Institutions

Transportation Hubs

6.5. Global Elevator Safety System Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Building Contractors

Facility Managers

Real Estate Developers

Elevator Manufacturers

Regulatory Authorities

6.6. Global Elevator Safety System Market, Sub-Segmentation Of Hydraulic Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Buffer Systems

Overspeed Governors

Emergency Lowering Systems

Door Interlocks

Safety Brakes

6.7. Global Elevator Safety System Market, Sub-Segmentation Of Traction Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Rope Grippers

Overspeed Governors

Counterweight Safety Gears

Brake Control Systems

Load Weighing Devices

6.8. Global Elevator Safety System Market, Sub-Segmentation Of Pneumatic Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Air Pressure Regulation Systems

Emergency Brake Systems

Vacuum Pump Safety Controls

Door Locking Mechanisms

Safety Valves

7. Elevator Safety System Market Regional And Country Analysis

7.1. Global Elevator Safety System Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Elevator Safety System Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Elevator Safety System Market

8.1. Asia-Pacific Elevator Safety System Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Elevator Safety System Market

9.1. China Elevator Safety System Market Overview

9.2. China Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Elevator Safety System Market

10.1. India Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Elevator Safety System Market

11.1. Japan Elevator Safety System Market Overview

11.2. Japan Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Elevator Safety System Market

12.1. Australia Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Elevator Safety System Market

13.1. Indonesia Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Elevator Safety System Market

14.1. South Korea Elevator Safety System Market Overview

14.2. South Korea Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Elevator Safety System Market

15.1. Western Europe Elevator Safety System Market Overview

15.2. Western Europe Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Elevator Safety System Market

16.1. UK Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Elevator Safety System Market

17.1. Germany Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Elevator Safety System Market

18.1. France Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Elevator Safety System Market

19.1. Italy Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Elevator Safety System Market

20.1. Spain Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Elevator Safety System Market

21.1. Eastern Europe Elevator Safety System Market Overview

21.2. Eastern Europe Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Elevator Safety System Market

22.1. Russia Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Elevator Safety System Market

23.1. North America Elevator Safety System Market Overview

23.2. North America Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Elevator Safety System Market

24.1. USA Elevator Safety System Market Overview

24.2. USA Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Elevator Safety System Market

25.1. Canada Elevator Safety System Market Overview

25.2. Canada Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Elevator Safety System Market

26.1. South America Elevator Safety System Market Overview

26.2. South America Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Elevator Safety System Market

27.1. Brazil Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Elevator Safety System Market

28.1. Middle East Elevator Safety System Market Overview

28.2. Middle East Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Elevator Safety System Market

29.1. Africa Elevator Safety System Market Overview

29.2. Africa Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Elevator Safety System Market Competitive Landscape And Company Profiles

30.1. Elevator Safety System Market Competitive Landscape

30.2. Elevator Safety System Market Company Profiles

30.2.1. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. ThyssenKrupp AG Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Mitsubishi Electric Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Toshiba Corporation Overview, Products and Services, Strategy and Financial Analysis

30.2.5. Otis Worldwide Corporation Overview, Products and Services, Strategy and Financial Analysis

31. Elevator Safety System Market Other Major And Innovative Companies

31.1. Schindler Holding AG

31.2. KONE Corporation

31.3. Hyundai Elevator Co. Ltd.

31.4. Fujitec Co. Ltd.

31.5. Wittur Holding GmbH

31.6. Savaria Corporation

31.7. Orona S. Coop.

31.8. Kleemann Hellas S.A.

31.9. Stannah Lifts Holdings Ltd.

31.10. The Hilliard Corporation

31.11. Sicher Elevator Co. Ltd.

31.12. Dewhurst Group plc

31.13. DoorKing Inc.

31.14. Escon Elevators Private Limited

31.15. Total Door Systems Inc.

32. Global Elevator Safety System Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Elevator Safety System Market

34. Recent Developments In The Elevator Safety System Market

35. Elevator Safety System Market High Potential Countries, Segments and Strategies

35.1 Elevator Safety System Market In 2029 - Countries Offering Most New Opportunities

35.2 Elevator Safety System Market In 2029 - Segments Offering Most New Opportunities

35.3 Elevator Safety System Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Elevator Safety System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Elevator Safety System Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Elevator Safety System Market, Sub-Segmentation Of Hydraulic Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Elevator Safety System Market, Sub-Segmentation Of Traction Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Elevator Safety System Market, Sub-Segmentation Of Pneumatic Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Elevator Safety System Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Global Elevator Safety System Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Asia-Pacific, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: Asia-Pacific, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: China, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: China, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: India, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: India, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: Japan, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Japan, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Australia, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Australia, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Indonesia, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: Indonesia, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: South Korea, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: South Korea, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: Western Europe, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: Western Europe, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: UK, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: UK, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: Germany, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: Germany, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: France, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: France, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: Italy, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Italy, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Spain, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Spain, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Eastern Europe, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Eastern Europe, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Russia, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: Russia, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: North America, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: North America, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: USA, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: USA, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: Canada, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: Canada, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: South America, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: South America, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: Brazil, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Brazil, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Middle East, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Middle East, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Africa, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Africa, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 79: Hitachi Ltd. Financial Performance

Table 80: ThyssenKrupp AG Financial Performance

Table 81: Mitsubishi Electric Corporation Financial Performance

Table 82: Toshiba Corporation Financial Performance

Table 83: Otis Worldwide Corporation Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Elevator Safety System Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Elevator Safety System Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Elevator Safety System Market, Sub-Segmentation Of Hydraulic Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Elevator Safety System Market, Sub-Segmentation Of Traction Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Elevator Safety System Market, Sub-Segmentation Of Pneumatic Elevator Safety Systems, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Elevator Safety System Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Global Elevator Safety System Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Asia-Pacific, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: Asia-Pacific, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: China, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: China, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: India, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: India, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: Japan, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Japan, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Australia, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Australia, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Indonesia, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: Indonesia, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: South Korea, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: South Korea, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: Western Europe, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: Western Europe, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: UK, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: UK, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: Germany, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: Germany, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: France, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: France, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: Italy, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Italy, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Spain, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Spain, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Eastern Europe, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Eastern Europe, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Russia, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: Russia, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: North America, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: North America, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: USA, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: USA, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: Canada, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: Canada, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: South America, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: South America, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: Brazil, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Brazil, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Middle East, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Middle East, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Africa, Elevator Safety System Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Elevator Safety System Market, Segmentation By Component, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Africa, Elevator Safety System Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 79: Hitachi Ltd. Financial Performance

Figure 80: ThyssenKrupp AG Financial Performance

Figure 81: Mitsubishi Electric Corporation Financial Performance

Figure 82: Toshiba Corporation Financial Performance

Figure 83: Otis Worldwide Corporation Financial Performance

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Frequently Asked Questions

What is the definition of the Elevator Safety System market?

How will the Elevator Safety System market drivers and restraints affect the market dynamics? What forces will shape the Elevator Safety System industry going forward?

The market major growth driver - Rise In Skyscraper Construction Fueling The Growth Of The Market Due To Urban Land Constraints And Vertical Development Trends. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Elevator Safety System market?

The elevator safety system market size has grown strongly in recent years. It will grow from $13.11 billion in 2024 to $14.33 billion in 2025 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to aging infrastructure, growth in commercial real estate, high-rise residential development, accident awareness and public pressure, government modernization schemes, and the rise of smart buildings. The elevator safety system market size is expected to see strong growth in the next few years. It will grow to $20.21 billion in 2029 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to the rise in megacities and vertical expansion, rising adoption of predictive maintenance, growth of modular and prefabricated buildings, rising urbanization and infrastructure development, and growing awareness of safety and security. Major trends in the forecast period include innovations in traction elevator systems, advancements in sensor technology, IoT integration and smart monitoring systems, 5G and cloud-enabled elevator monitoring, and innovation in safety features. For further insights on this market, request a sample here

How is the Elevator Safety System market segmented?

The elevator safety system market covered in this report is segmented –
1) By Type: Hydraulic Elevator Safety Systems, Traction Elevator Safety Systems, Pneumatic Elevator Safety Systems
2) By Component: Brake Systems, Safety Gear, Control Systems, Load Weighing Devices, Emergency Communication Systems
3) By Technology: Mechanical Safety Systems, Electrical Safety Systems, Smart Safety Systems, IoT-Enabled Safety Systems
4) By Application: Commercial Buildings, Residential Buildings, Industrial Facilities, Healthcare Institutions, Transportation Hubs
5) By End User: Building Contractors, Facility Managers, Real Estate Developers, Elevator Manufacturers, Regulatory Authorities Subsegments:
1) By Hydraulic Elevator Safety Systems: Buffer Systems, Overspeed Governors, Emergency Lowering Systems, Door Interlocks, Safety Brakes
2) By Traction Elevator Safety Systems: Rope Grippers, Overspeed Governors, Counterweight Safety Gears, Brake Control Systems, Load Weighing Devices
3) By Pneumatic Elevator Safety Systems: Air Pressure Regulation Systems, Emergency Brake Systems, Vacuum Pump Safety Controls, Door Locking Mechanisms, Safety Valves For further insights on this market, request a sample here

Which region has the largest share of the Elevator Safety System market? What are the other regions covered in the report?

North America was the largest region in the elevator safety system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elevator safety system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Who are the major players in the Elevator Safety System market?

What are the key trends in the Elevator Safety System market?

Major trends in this market include Delta Electronics Launches EB3000 Compact Elevator Drives To Enhance Safety And Efficiency In Modern Infrastructure. For further insights on this market, request a sample here.