Elevator Traction Machine Sales

Elevator Traction Machine Sales Market Outlook

The global elevator traction machine market is projected to reach approximately USD 8.5 billion by 2035, with a compound annual growth rate (CAGR) of around 5.2% during the forecast period from 2025 to 2035. The growth of urbanization, coupled with increasing infrastructure development and rising demand for high-rise buildings, are key factors contributing to the growth of this market. Furthermore, the adoption of energy-efficient and sustainable elevator systems is driving innovation and expansion within the industry, as stakeholders seek to enhance the performance and efficiency of elevator operations. The ongoing global movement toward modernization in both residential and commercial sectors is expected to further bolster the market, with significant investments directed toward upgrading existing elevator systems. As technology advances, the emergence of smart elevators equipped with IoT capabilities is also set to reshape the competitive landscape.

Growth Factor of the Market

The elevator traction machine market is primarily driven by the rapid urbanization across the globe, leading to a rise in the construction of high-rise buildings and skyscrapers. With cities expanding vertically to accommodate growing populations, the demand for efficient and reliable elevator systems has surged. Additionally, advancements in technology have paved the way for more energy-efficient solutions, such as regenerative drives, which not only reduce energy consumption but also lower operational costs. The increasing focus on sustainability and energy efficiency in building designs is prompting architects and engineers to opt for modern elevator systems that contribute to green building certifications. Furthermore, the evolution of smart cities and the integration of IoT technologies in elevator systems are creating new opportunities for innovation and improved customer experiences, further enhancing market growth.

Key Highlights of the Market

• The global elevator traction machine market is anticipated to grow at a CAGR of 5.2% from 2025 to 2035.
• The demand for gearless traction machines is on the rise due to their energy efficiency and reduced maintenance requirements.
• Increasing investments in infrastructure development, particularly in emerging economies, are expected to drive market growth.
• Integration of advanced technologies like IoT and AI in elevator systems is reshaping the competitive landscape.
• The commercial buildings segment is projected to dominate the application segment, fueled by urbanization and high-rise constructions.

By Product Type

Gearless Traction Machine:

Gearless traction machines are becoming increasingly popular due to their enhanced energy efficiency and minimal maintenance requirements. These machines operate without the need for gears, resulting in a more compact design and smoother operation. The absence of gears reduces mechanical wear, which further extends the lifespan of the elevator. Additionally, gearless traction machines are known for their quieter operation, making them ideal for residential and commercial buildings where noise reduction is a priority. Their ability to provide higher speed and improved energy efficiency aligns well with the growing demand for modern elevator solutions, positioning them as a preferred choice for many new construction projects.

Geared Traction Machine:

Geared traction machines have been a staple in the elevator industry for many years, primarily due to their reliability and cost-effectiveness. These machines utilize a gear system to transfer power from the motor to the sheave, enabling efficient vertical movement. While they may not offer the same level of energy efficiency as gearless machines, their initial lower costs often make them an attractive option for budget-conscious projects. Geared traction machines are versatile and can be adapted for various applications, including residential, commercial, and industrial buildings. However, as technology advances, their market share may gradually decline in favor of more energy-efficient alternatives.

Machine Room-Less Traction Machine:

Machine room-less (MRL) traction machines are gaining traction in the elevator market due to their space-saving design. These systems are installed within the elevator shaft, eliminating the need for a separate machine room, which is a significant advantage in urban environments where space is limited. MRL traction machines are typically gearless, offering higher energy efficiency and smoother rides. Their compact design allows for quicker installations and lower construction costs, making them particularly appealing for residential and low-rise commercial buildings. As urban areas continue to grow, the demand for MRL traction machines is expected to rise significantly.

Hydraulic Traction Machine:

Hydraulic traction machines, while traditionally used in low-rise applications, continue to play a crucial role in the elevator market, especially in older buildings where retrofitting is necessary. These machines use fluid power to lift the elevator car, offering a quieter operation compared to some traction systems. While they may not be as energy-efficient as traction machines, their simplicity and reliability make them suitable for specific applications. Hydraulic systems are often preferred in buildings with lower height requirements, and their established technology ensures consistent performance over time.

Overhead Traction Machine:

Overhead traction machines are characterized by their installation above the elevator shaft, which allows for efficient use of space within the building. These machines are commonly used in both commercial and residential applications, providing reliable performance and durability. The overhead design enables easier access for maintenance, contributing to lower operational costs over the lifespan of the elevator. As the demand for vertical transportation solutions increases in high-rise constructions, overhead traction machines are likely to remain an integral part of the elevator market, especially in new developments where maximizing space is a priority.

By Application

Residential Buildings:

The residential buildings segment has seen substantial growth in the elevator traction machine market, driven by the increasing number of high-rise apartments and luxury condominiums. With urban living becoming more popular, developers are focused on providing convenient and efficient vertical transportation solutions. Elevators in residential buildings not only enhance accessibility for residents but also add significant value to properties. As more developers prioritize the installation of high-quality, energy-efficient elevators in new residential projects, this segment is expected to witness continued growth in the coming years.

Commercial Buildings:

The commercial buildings segment is among the largest contributors to the elevator traction machine market. This segment encompasses office buildings, shopping malls, and other commercial spaces where a high volume of foot traffic necessitates reliable and efficient elevators. The increasing emphasis on vertical construction in urban areas, coupled with the need for modern and efficient transportation systems, is driving the demand for advanced elevator solutions. Furthermore, the adoption of smart technologies in commercial elevators is enhancing user experiences, making them more efficient and responsive to the needs of businesses.

Industrial Buildings:

In industrial buildings, the use of elevator traction machines is often tailored to meet the specific needs of material handling and heavy loads. These elevators are designed to operate under demanding conditions, ensuring safe and efficient transportation of goods within manufacturing plants and warehouses. The growth of the e-commerce sector and the need for efficient logistics solutions are propelling the demand for industrial elevators. As companies invest in automation and advanced technologies, the requirement for robust and reliable elevator systems in industrial settings is expected to increase significantly.

Institutional Buildings:

Institutional buildings, including hospitals, schools, and government facilities, require specialized elevator systems that prioritize safety and accessibility. The elevator traction machines used in these settings must comply with strict regulations and standards to ensure they meet the needs of all users, including those with disabilities. The growing focus on inclusivity and accessibility in public buildings is driving the demand for advanced elevator technologies. Additionally, the trend toward smart building solutions is influencing the adoption of modern elevator systems that enhance operational efficiency and user experience in institutional environments.

Others:

This category encompasses various applications, including hotels, transportation hubs, and mixed-use developments. The versatility of elevator traction machines allows them to be adapted for a wide range of environments, catering to the unique requirements of each application. As urban development continues to evolve, the demand for elevators in unconventional locations is expected to rise, presenting opportunities for manufacturers to innovate and introduce customized solutions. The growth of mixed-use developments, where residential, commercial, and hospitality spaces coexist, further underscores the need for efficient elevator systems that enhance connectivity and convenience for users.

By Distribution Channel

Direct Sales:

Direct sales represent a significant distribution channel in the elevator traction machine market, where manufacturers engage directly with customers, including construction companies and building developers. This approach allows manufacturers to offer tailored solutions based on specific project requirements, fostering strong relationships and ensuring customer satisfaction. Direct sales also enable manufacturers to have greater control over pricing and inventory management, offering competitive advantages in a market characterized by rapid technological advancements. As the construction industry continues to evolve, direct sales channels are expected to remain crucial for manufacturers aiming to meet the demands of their clients effectively.

Distributor Sales:

Distributor sales play a vital role in expanding the reach of elevator traction machine manufacturers, allowing them to tap into new markets and customer segments. Distributors provide valuable support in terms of logistics, inventory management, and local market knowledge. This distribution channel is particularly beneficial for manufacturers looking to enter regions where they may not have a direct presence. By partnering with established distributors, manufacturers can leverage their expertise to navigate regulatory challenges and ensure efficient distribution of their products. The continued growth of distributor networks is anticipated to enhance market accessibility for both manufacturers and customers.

Online Sales:

With the rapid advancement of e-commerce and digital platforms, online sales have emerged as an important distribution channel in the elevator traction machine market. Manufacturers and distributors are increasingly utilizing online platforms to reach a wider audience and make purchasing processes more convenient for customers. Online sales offer transparency in pricing, product specifications, and customer reviews, enabling clients to make informed decisions. Additionally, the ability to showcase product features through videos and virtual demonstrations enhances customer engagement. As online sales continue to grow in prominence, manufacturers must adapt their marketing strategies to leverage this channel effectively.

OEM Sales:

Original Equipment Manufacturer (OEM) sales represent a significant portion of the elevator traction machine market, as manufacturers provide components and systems to elevator installation companies and service providers. OEM sales are characterized by long-term partnerships and collaborative relationships between manufacturers and their clients. The growth of the construction industry and the increasing demand for advanced elevator systems are driving OEM sales, as installation companies seek high-quality components to meet the needs of their projects. As the elevator market evolves, maintaining strong partnerships with OEM clients will be crucial for manufacturers aiming to sustain growth and market presence.

Aftermarket Sales:

Aftermarket sales are essential for the long-term success of elevator traction machine manufacturers, encompassing maintenance, repairs, and replacement parts. As elevators require regular servicing to ensure safety and efficiency, aftermarket sales provide a steady revenue stream for manufacturers even after the initial sale. The growing focus on elevator modernization and upgrades in existing buildings is also contributing to the expansion of the aftermarket segment. By offering comprehensive service packages and support, manufacturers can enhance customer loyalty and establish themselves as trusted partners in maintaining elevator systems over the years.

By Technology

AC Traction Machine:

AC traction machines are widely recognized for their efficiency and reliability in providing smooth and energy-efficient elevator operations. These systems utilize alternating current power, which allows for better control of motor speed and torque. AC traction machines can handle a wide range of load capacities, making them suitable for various applications, from residential buildings to high-rise commercial structures. The increasing demand for energy-efficient solutions in urban development is driving the adoption of AC traction machines, as they contribute to reduced operational costs and enhanced overall performance. As technology continues to evolve, innovations in AC traction systems are expected to further enhance their capabilities and market penetration.

DC Traction Machine:

DC traction machines have been a traditional choice for elevator systems, especially in older buildings. These machines utilize direct current power to operate, providing reliable performance over the years. While they may not be as energy-efficient as their AC counterparts, DC traction machines are known for their robustness and straightforward design. As many buildings undergo retrofitting and modernization, opportunities for DC traction machines still exist, particularly in applications where reliability and simplicity are prioritized. However, the trend toward energy-efficient solutions may lead to a gradual decline in their usage as newer technologies gain traction.

Regenerative Traction Machine:

Regenerative traction machines represent a significant advancement in elevator technology, enabling energy savings and reduced operational costs. These systems capture the energy generated when an elevator descends and convert it back into usable electricity, which can be fed back into the building's power grid. This regenerative capability not only minimizes energy consumption but also enhances overall building sustainability. With the growing emphasis on green building practices and energy efficiency, regenerative traction machines are poised to become increasingly popular in both new and existing constructions, aligning with the global push for more sustainable infrastructure.

By Region

The North American elevator traction machine market is expected to witness substantial growth, primarily driven by ongoing construction projects and the need for modernization in existing buildings. With a projected CAGR of 4.8% from 2025 to 2035, the region's focus on enhancing vertical transportation solutions in urban areas will continue to propel the demand for advanced elevator systems. Additionally, the trend toward energy-efficient and smart building technologies is likely to influence the adoption of innovative elevator solutions. The presence of major manufacturers and established distribution networks further supports the market's growth in this region, ensuring competitive offerings and customer options.

The European elevator traction machine market is also anticipated to experience significant growth, contributing to approximately 25% of the global market share. The region's ongoing efforts to improve energy efficiency and sustainability in building designs are driving the demand for advanced elevator systems. Countries such as Germany, France, and the UK are investing in infrastructure development and modernization, which will create opportunities for elevator manufacturers to cater to evolving market needs. As Europe continues to focus on green technologies and smart solutions, the elevator traction machine market is expected to thrive in alignment with these trends.

Opportunities

The elevator traction machine market is poised to seize numerous opportunities driven by technological advancements and evolving consumer preferences. The integration of smart technologies, such as IoT and AI, into elevator systems presents a significant opportunity for manufacturers to enhance operational efficiency and user experiences. Smart elevators equipped with predictive maintenance features can reduce downtime and maintenance costs, resulting in increased customer satisfaction. Additionally, the growing trend of urbanization and the continuous rise in high-rise buildings create a strong demand for innovative elevator solutions, allowing manufacturers to expand their product offerings and tap into new markets. Furthermore, as sustainability becomes a key focus in construction, the demand for energy-efficient and environmentally friendly elevator systems is expected to surge, providing manufacturers with opportunities to develop products that align with green building certifications.

In addition to technological advancements, the elevator traction machine market also faces opportunities in the realm of modernization and retrofitting of existing elevator systems. Many buildings, particularly in urban areas, have aging elevators that require upgrades to meet modern safety and efficiency standards. This presents a lucrative market for manufacturers who can provide retrofitting solutions that enhance performance while extending the lifespan of existing systems. Moreover, emerging markets in Asia Pacific and Latin America are witnessing rapid urban expansion, creating a growing demand for efficient vertical transportation solutions. Manufacturers who strategically position themselves to cater to these emerging markets can benefit significantly from the increasing construction and development activities in these regions.

Threats

Despite the promising growth prospects in the elevator traction machine market, several threats could pose challenges to manufacturers and stakeholders. One significant threat is the increasing competition within the market, particularly from low-cost manufacturers in emerging economies. These manufacturers often offer competitive pricing, which can impact the market share of established players. As a result, larger companies may need to invest heavily in innovation and marketing to differentiate their products and maintain their market presence. Additionally, fluctuations in raw material prices can affect production costs, leading to potential price hikes for consumers. Manufacturers must adapt to these challenges by optimizing their supply chains and exploring alternative materials that can mitigate cost implications.

Another significant threat to the elevator traction machine market is the evolving regulatory landscape surrounding building safety and energy efficiency standards. As governments worldwide implement stricter regulations to promote sustainability and safety in construction, manufacturers must ensure compliance with these standards, which may require additional investments in research and development. Failure to meet regulatory requirements could result in penalties and damage to brand reputation. Additionally, the rapid pace of technological change poses a threat, as manufacturers must continuously innovate to stay relevant in a market characterized by heightened consumer expectations for smart and energy-efficient solutions. Companies that are slow to adapt to these trends may find themselves at a disadvantage, losing ground to more innovative competitors.

Competitor Outlook

• Otis Elevator Company
• KONE Corporation
• Schindler Group
• ThyssenKrupp AG
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Siemens AG
• Toshiba Elevator and Building Systems Corporation
• Sigma Elevator Company
• Zhejiang Mingshi Elevator Co., Ltd.
• Emerson Electric Co.
• Fujitec Co., Ltd.
• Schneider Electric SE
• Hyundai Elevator Co., Ltd.

The competitive landscape of the elevator traction machine market is characterized by the presence of several key players who dominate the industry through innovation, technology, and extensive distribution networks. Major companies such as Otis Elevator Company, KONE Corporation, and Schindler Group lead the market, offering a wide range of elevator solutions tailored to meet the diverse needs of customers across various applications. These companies invest heavily in research and development to ensure that their products remain at the forefront of technology, with a focus on energy efficiency, safety, and smart solutions. Additionally, strategic partnerships and collaborations with construction firms and architects enable these manufacturers to secure long-term contracts and maintain a competitive edge in the market.

Another prominent player in the market is ThyssenKrupp AG, recognized for its innovative approach to elevator systems and commitment to sustainability. The company has made significant strides in developing digital solutions for elevators, including predictive maintenance and remote monitoring capabilities. By leveraging cutting-edge technologies, ThyssenKrupp aims to enhance the user experience while optimizing operational efficiency. Additionally, Hitachi, Ltd. and Mitsubishi Electric Corporation are known for their advanced manufacturing processes and high-quality products, catering to both residential and commercial sectors. These companies are focusing on expanding their global footprint, particularly in emerging markets, to capitalize on the increasing demand for modern elevator solutions.

In the elevator traction machine market, Honeywell International Inc. and Siemens AG are also noteworthy players, leveraging their expertise in automation and control systems to provide integrated elevator solutions. Their focus on smart building technologies aligns with the growing trend toward integrated infrastructure development. Additionally, companies like Fujitec Co., Ltd. and Hyundai Elevator Co., Ltd. have made significant investments in research and development, aiming to innovate and expand their product offerings. As the market evolves, these companies will continue to play a vital role in shaping the future of elevator traction machines by addressing the demands for efficiency, sustainability, and advanced technology.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Siemens AG
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Hitachi, Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Schindler Group
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 ThyssenKrupp AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 KONE Corporation
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Fujitec Co., Ltd.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Emerson Electric Co.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Otis Elevator Company
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Schneider Electric SE
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Sigma Elevator Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Hyundai Elevator Co., Ltd.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Honeywell International Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Mitsubishi Electric Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Zhejiang Mingshi Elevator Co., Ltd.
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Toshiba Elevator and Building Systems Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Elevator Traction Machine Sales Market, By Technology
    • 6.1.1 AC Traction Machine
    • 6.1.2 DC Traction Machine
    • 6.1.3 Regenerative Traction Machine
  • 6.2 Elevator Traction Machine Sales Market, By Application
    • 6.2.1 Residential Buildings
    • 6.2.2 Commercial Buildings
    • 6.2.3 Industrial Buildings
    • 6.2.4 Institutional Buildings
    • 6.2.5 Others
  • 6.3 Elevator Traction Machine Sales Market, By Product Type
    • 6.3.1 Gearless Traction Machine
    • 6.3.2 Geared Traction Machine
    • 6.3.3 Machine Room-Less Traction Machine
    • 6.3.4 Hydraulic Traction Machine
    • 6.3.5 Overhead Traction Machine
  • 6.4 Elevator Traction Machine Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales
    • 6.4.3 Online Sales
    • 6.4.4 OEM Sales
    • 6.4.5 Aftermarket Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Elevator Traction Machine Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Elevator Traction Machine Sales market is categorized based on

By Product Type

• Gearless Traction Machine
• Geared Traction Machine
• Machine Room-Less Traction Machine
• Hydraulic Traction Machine
• Overhead Traction Machine

By Application

• Residential Buildings
• Commercial Buildings
• Industrial Buildings
• Institutional Buildings
• Others

By Distribution Channel

• Direct Sales
• Distributor Sales
• Online Sales
• OEM Sales
• Aftermarket Sales

By Technology

• AC Traction Machine
• DC Traction Machine
• Regenerative Traction Machine

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

Key Players

• Otis Elevator Company
• KONE Corporation
• Schindler Group
• ThyssenKrupp AG
• Hitachi, Ltd.
• Mitsubishi Electric Corporation
• Honeywell International Inc.
• Siemens AG
• Toshiba Elevator and Building Systems Corporation
• Sigma Elevator Company
• Zhejiang Mingshi Elevator Co., Ltd.
• Emerson Electric Co.
• Fujitec Co., Ltd.
• Schneider Electric SE
• Hyundai Elevator Co., Ltd.