Global Lift Motor Driver Market Growth 2025-2031

The global Lift Motor Driver market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

Lift Motor Driver, also known as an elevator motor driver or elevator motor controller, refers to a device or system that controls and drives the motor responsible for the vertical movement of an elevator or lift. It is a critical component of an elevator system, ensuring safe and efficient operation.

United States market for Lift Motor Driver is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Lift Motor Driver is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Lift Motor Driver is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Lift Motor Driver players cover Texas Instruments, Siemens, Mitsubishi Electric Corporation, Hitachi, Toshiba Corporation, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Lift Motor Driver Industry Forecast” looks at past sales and reviews total world Lift Motor Driver sales in 2024, providing a comprehensive analysis by region and market sector of projected Lift Motor Driver sales for 2025 through 2031. With Lift Motor Driver sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lift Motor Driver industry.

This Insight Report provides a comprehensive analysis of the global Lift Motor Driver 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 Lift Motor Driver portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Lift Motor Driver market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lift Motor Driver 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 Lift Motor Driver.

This report presents a comprehensive overview, market shares, and growth opportunities of Lift Motor Driver market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
DC Drive
AC Drive

Segmentation by Application:
Elevator
Escalator
Others

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 analysing the company's coverage, product portfolio, its market penetration.
Texas Instruments
Siemens
Mitsubishi Electric Corporation
Hitachi
Toshiba Corporation
Fujitec
Schneider Electric
Yaskawa Electric Corporation
ABB
Delta Electronics
Otis Elevator Company
Aybey Elektronik
KONE Corporation
Johnson Lifts Private Limited
Wittur Holding GmbH

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lift Motor Driver market?

What factors are driving Lift Motor Driver market growth, globally and by region?

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

How do Lift Motor Driver market opportunities vary by end market size?

How does Lift Motor Driver break out by Type, by Application?

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