Global demand for green elevators surges

According to the Global Elevator and Escalator Market Report (2025), the global green elevator market size will exceed $32 billion in 2024, with an annual growth rate of 9.7%. Driven by the EU's "Building Renovation Wave Plan", Southeast Asia's smart city infrastructure and China's "dual carbon" goals, energy-efficient, low-carbon and environmentally friendly elevator solutions are becoming the new standard for the global construction industry.

‌Policy-driven: Green building regulations in various countries are being strengthened ‌

‌1. EU: From 2027, all new buildings and renovation projects of old buildings must comply with the energy efficiency Class A standard of the European Climate Act, and the energy consumption requirements for elevators will be increased by 40%.

‌2. Southeast Asia: In the planning of Nusantara, the new capital of Indonesia, 100% of public buildings are required to use renewable energy elevators; Ho Chi Minh City, Vietnam, provides a 15% tax exemption for green elevator purchases.

‌3. Middle East‌: Saudi Arabia's NEOM Future City plans to purchase more than 20,000 solar-powered elevators and requires suppliers to pass LEED Gold certification.

‌Industry Insight‌:

"At least 30 countries in the world have included elevator energy efficiency in the building carbon emission assessment system, and companies must deploy green technology in advance." - Global Sustainability Director of KONE Elevator

Technological innovation: Three core breakthroughs lead the market‌

‌1. Permanent magnet synchronous motor (PMSM): 30%-50% energy saving compared to traditional gear motors. Chinese manufacturers (such as Kangli Elevator) have achieved large-scale production of this technology, reducing costs by 25%.

‌2. Energy feedback system‌: The potential energy generated during elevator operation is converted into electrical energy and transmitted back to the power grid. The actual power saving rate of Shanghai Mitsubishi Elevator has reached 38%.

‌3. Lightweight materials‌: Carbon fiber traction ropes and aluminum alloy cars reduce weight by 20%, significantly reducing the load-bearing load of buildings (case: Hitachi Elevator Dubai Expo Project).

Emerging market explosion: Southeast Asia and the Middle East become growth engines‌

‌1. Indonesia‌: Jakarta needs to renovate 5,000 old residential elevators by 2025, and orders for micro-machine room-less elevators have skyrocketed.

‌2. Saudi Arabia‌: NEOM Smart City plans to purchase 12,000 solar elevators, which are required to withstand 50°C high temperature and dusty environment.

‌3. India‌: In the bidding for the third phase of the Mumbai Metro project, 70% of the elevator bids clearly require energy recovery devices.

‌China's supply chain advantages‌:

From June to December 2024, China's green elevator exports increased by 22% year-on-year, of which permanent magnet motors and solar drive modules accounted for more than 35% of the global market share (data source: General Administration of Customs of China).