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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
A traction elevator's power is distributed via a device known as an elevator regenerative converter, which transmits that power so that the building's power supply can reuse it for other electrical systems.
It is also frequently referred to as a regenerative inverter or regenerative drive. Instead of losing it as heat, regenerative converter drives catch the heat produced by elevators while they are in use and transform it into usable energy for the building.
The elevator sheave and shaft experience a lifting torque when power enters the elevator motor, which lifts the cab. It is a converter that helps in energy efficiency. Regeneration is a process in which the load's regenerative power is transferred to the power supply side. the force of the brakes'
Electrical power is transferred from the building utility to the elevator system when an elevator regenerative converter is lifting a fully-loaded car in a traction elevator application.
That same fully laden car, though, will regain energy as it descends. In other words, the mechanical system's stored energy is transformed back into electrical energy.
The Global elevator regenerative converter market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
RegenAC returns any extra regenerative energy left over from the motor to the three-phase AC power system. Together with the adjustable frequency drive, RegenAC is wired in parallel.
It replaces conventional dynamic braking resistors, which release extra energy as "heat" into the surrounding environment. Any time the driven load overhauls an AC motor, extra energy is produced and fed back to the inverter.
This condition practically always occurs in elevator applications. To prevent drive malfunctions or potential equipment damage, this energy must be managed properly.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |