Global Elevator PM Traction Machine Market Growth 2023-2029

Global Elevator PM Traction Machine Market Growth 2023-2029

The global Elevator PM Traction Machine market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

United States market for Elevator PM Traction Machine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Elevator PM Traction Machine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Elevator PM Traction Machine is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Elevator PM Traction Machine players cover Tectronics, Otis Elevator Company, Anagha Elevators, Gravo Elevators, Aero Elevator, Hepu Power, Cheng Day International Group, Delta Control System and Beijing GYG Industry, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

Elevator PM Traction Machine is a type of elevator motor that operates with Permanent Magnet (PM) technology. This type of motor allows for energy efficiency, smoother operation, and reduced noise levels compared to traditional elevator motors. PM traction machines typically have fewer moving parts, resulting in lower maintenance requirements and longer lifespan. They are commonly used in modern elevators, including high-rise buildings and skyscrapers.

LPI (LP Information)' newest research report, the “Elevator PM Traction Machine Industry Forecast” looks at past sales and reviews total world Elevator PM Traction Machine sales in 2022, providing a comprehensive analysis by region and market sector of projected Elevator PM Traction Machine sales for 2023 through 2029. With Elevator PM Traction Machine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator PM Traction Machine industry.

This Insight Report provides a comprehensive analysis of the global Elevator PM Traction Machine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator PM Traction Machine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Elevator PM Traction Machine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator PM Traction Machine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator PM Traction Machine.

This report presents a comprehensive overview, market shares, and growth opportunities of Elevator PM Traction Machine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
PM Synchronous Traction Machine
PM Brushless Traction Machine

Segmentation by application
Residential
Commercial

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tectronics
Otis Elevator Company
Anagha Elevators
Gravo Elevators
Aero Elevator
Hepu Power
Cheng Day International Group
Delta Control System
Beijing GYG Industry
Shenyang Bluelight
GIANTKONE Elevator

Key Questions Addressed in this Report

What is the 10-year outlook for the global Elevator PM Traction Machine market?

What factors are driving Elevator PM Traction Machine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Elevator PM Traction Machine market opportunities vary by end market size?

How does Elevator PM Traction Machine break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.