Elevator Safety System Global Market Report 2026

Elevator safety systems comprise a comprehensive set of mechanisms and protocols designed to ensure the safe and reliable operation of elevators across various building environments. These systems aim to prevent accidents, protect passengers during emergencies such as power outages or mechanical failures, and ensure adherence to strict safety standards and regulations governing vertical transportation.

The primary types of elevator safety systems include hydraulic elevator safety systems, traction elevator safety systems, and pneumatic elevator safety systems. Hydraulic elevator safety systems are specifically engineered to prevent accidents in hydraulic lift operations and include components such as rupture valves, overspeed governors, and pressure relief systems that ensure safe lifting, lowering, and emergency responses. These systems feature essential elements such as brake systems, safety gear, control systems, load weighing devices, and emergency communication systems. They employ a variety of technologies, including mechanical safety systems, electrical safety systems, smart safety systems, and IoT-enabled safety systems. Applications span commercial and residential buildings, industrial facilities, healthcare institutions, and transportation hubs, serving a broad range of end users including building contractors, facility managers, real estate developers, elevator manufacturers, and regulatory authorities.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the elevator safety system market by increasing costs of sensors, electronic controllers, and safety components. Smart and IoT enabled safety systems are most impacted, particularly in Asia Pacific and Europe. Higher import costs have influenced installation and retrofit budgets. However, tariffs have encouraged local manufacturing and sourcing of safety components.

The elevator safety system market research report is one of a series of new reports from The Business Research Company that provides elevator safety system market statistics, including elevator safety system industry global market size, regional shares, competitors with an elevator safety system market share, detailed elevator safety system market segments, market trends and opportunities, and any further data you may need to thrive in the elevator safety system industry. This elevator safety system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The elevator safety system market size has grown strongly in recent years. It will grow from $14.33 billion in 2025 to $15.65 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to urban high rise construction growth, elevator safety regulations enforcement, expansion of commercial buildings, modernization of old elevator infrastructure, increase in passenger traffic.

The elevator safety system market size is expected to see strong growth in the next few years. It will grow to $21.98 billion in 2030 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to smart building development, adoption of ai based diagnostics, growth in residential high rises, stricter safety standards, digital transformation in vertical transportation. Major trends in the forecast period include rising adoption of smart elevator safety systems, integration of iot enabled monitoring solutions, growing demand for predictive maintenance technologies, increased focus on regulatory compliance, expansion of safety retrofits in aging elevators.

The growing number of skyscrapers and multi-story buildings is expected to drive the expansion of the elevator safety system market moving forward. These tall structures, often designed for residential, commercial, or mixed-use purposes, rely on elevators to enable vertical transportation between floors. The rise in such buildings is largely due to limited urban land availability, which encourages vertical development to maximize usable space. Elevator safety systems are critical in these buildings to ensure safe and reliable vertical transport, preventing incidents such as free falls or entrapments through features such as emergency brakes and overspeed governors. For example, in January 2024, the Council on Tall Buildings and Urban Habitat, a US-based non-profit organization, reported a record 185 structures of 200 meters or taller completed in 2023, marking a 12.8% increase over the 164 completed in 2022. Therefore, the increasing construction of skyscrapers and multi-story buildings is fueling growth in the elevator safety system market.

Key companies in the elevator safety system market are focusing on innovative products such as compact safety elevator drives to improve space efficiency, energy savings, and operational reliability in modern infrastructure. Compact safety elevator drives are space-saving control systems that integrate essential safety functions such as emergency braking and overspeed protection, ensuring secure elevator operation in contemporary buildings. For instance, in November 2023, Delta Electronics Inc., a Taiwan-based provider of power and thermal management solutions, introduced the EB3000 family-next-generation elevator drives that set new standards in safety, compatibility, and ease of maintenance. These compact drives are easy to install and compatible with various elevator systems and communication protocols. Prioritizing safety, the EB3000 series features built-in Safe Torque Off (STO) and complies with the latest EN81-20 and EN81-50 elevator safety standards. They also support wireless control and maintenance via Bluetooth for efficient troubleshooting and are designed to deliver a smooth, comfortable ride.

In April 2025, Kings III Emergency Communications, a US-based company specializing in emergency communication and monitoring services, acquired LiftNet for an undisclosed amount. This acquisition aims to enhance safety, reliability, and value for critical infrastructure, commercial building owners, and property managers across North America by combining emergency response expertise with advanced real-time elevator and escalator performance monitoring. LiftNet is a US-based provider specializing in elevator safety and remote monitoring systems.

Major companies operating in the elevator safety system market are Hitachi Ltd., ThyssenKrupp AG, Mitsubishi Electric Corporation, Toshiba Corporation, Otis Worldwide Corporation, Schindler Holding AG, KONE Corporation, Hyundai Elevator Co. Ltd., Fujitec Co. Ltd., Wittur Holding GmbH, Savaria Corporation, Orona S. Coop., Kleemann Hellas S.A., Stannah Lifts Holdings Ltd., The Hilliard Corporation, Sicher Elevator Co. Ltd., Dewhurst Group plc, DoorKing Inc., Escon Elevators Private Limited, Total Door Systems Inc., C.J. Anderson & Company, Johnson Lifts Private Limited.

North America was the largest region in the elevator safety system market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the elevator safety system market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the elevator safety system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The elevator safety system market consists of sales of emergency brakes, door interlocks, control panels, buffer systems, overload sensors, emergency alarm systems, and fire emergency controls. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Elevator Safety System Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses elevator safety system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for elevator safety system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The elevator safety system market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Hydraulic Elevator Safety Systems; Traction Elevator Safety Systems; Pneumatic Elevator Safety Systems
• 2) By Component: Brake Systems; Safety Gear; Control Systems; Load Weighing Devices; Emergency Communication Systems
• 3) By Technology: Mechanical Safety Systems; Electrical Safety Systems; Smart Safety Systems; IoT-Enabled Safety Systems
• 4) By Application: Commercial Buildings; Residential Buildings; Industrial Facilities; Healthcare Institutions; Transportation Hubs
• 5) By End User: Facility Managers; Elevator Manufacturers
• Subsegments:
• 1) By Hydraulic Elevator Safety Systems: Buffer Systems; Overspeed Governors; Emergency Lowering Systems; Door Interlocks; Safety Brakes
• 2) By Traction Elevator Safety Systems: Rope Grippers; Overspeed Governors; Counterweight Safety Gears; Brake Control Systems; Load Weighing Devices
• 3) By Pneumatic Elevator Safety Systems: Air Pressure Regulation Systems; Emergency Brake Systems; Vacuum Pump Safety Controls; Door Locking Mechanisms; Safety Valves
• Companies Mentioned: Hitachi Ltd.; ThyssenKrupp AG; Mitsubishi Electric Corporation; Toshiba Corporation; Otis Worldwide Corporation; Schindler Holding AG; KONE Corporation; Hyundai Elevator Co. Ltd.; Fujitec Co. Ltd.; Wittur Holding GmbH; Savaria Corporation; Orona S. Coop.; Kleemann Hellas S.A.; Stannah Lifts Holdings Ltd.; The Hilliard Corporation; Sicher Elevator Co. Ltd.; Dewhurst Group plc; DoorKing Inc.; Escon Elevators Private Limited; Total Door Systems Inc.; C.J. Anderson & Company; Johnson Lifts Private Limited.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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