Hoist and Elevator Motors Market - Top Companies and Manufacturers

Companies Dominating the Hoist and Elevator Motors Market

ABB Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
Otis Worldwide Corporation
Demag Cranes & Components GmbH
Richardson International Limited
Johnson Controls

Browse Key Market Insights with Data Illustration:

Hoist and Elevator Motors Market Size & Share - Growth Trends 2036

In the News

ABB announced the release of ABB AbilityTM NGX Hoist Control, a worldwide control system that maximizes hoist operations' performance and safety for mining businesses. Expanding upon ABB's dependable and validated previous iterations of hoist control systems, it offers smaller businesses unprecedented levels of dependability, adaptability, and user-friendliness for new or renovated projects. By standardizing control systems, it can also assist larger businesses in cutting expenses and increasing efficiency.
Otis Worldwide Corporation (NYSE: OTIS) announced at the 6th China International Import Expo (CIIE) the launch of the 515NPE public escalator and its next-generation smart elevator system, the Otis Gen360TM digital elevator. The goal of both products is to improve the traveler experience by making urban travel safer and more seamless.

Frequently Asked Questions (FAQ)

Growing demand for green buildings, increased adoption of permanent magnet motors and rising customization & personalization are the major factors driving the growth of the hoist and elevator motors market.

The market size of hoist and elevator motors is anticipated to attain a CAGR of 4% over the forecast period, i.e., 2024-2036.

The major players in the market are ABB Corporation, Otis Worldwide Corporation, Demag Cranes & Components GmbH, Richardson International Limited, Johnson Controls, Toshiba Elevator Corporation, Exeo Group, Dai Nippon Printing Co., Ltd, Hitachi Co. Ltd., Panasonic Corporation and others.

The DC segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Hoist and Elevator Motors Market - Top Companies and Manufacturers

Companies Dominating the Hoist and Elevator Motors Market

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What are the major factors driving the growth of the hoist and elevator motors market?

What would be the CAGR of the hoist and elevator motors market over the forecast period?

Who are the major players dominating the hoist and elevator motors market?

Which segment captures the largest market size in the motor type segment in the hoist and elevator motors market?

Which region will provide more business opportunities for the growth of the hoist and elevator motors market in the future?