Global Elevator VVVF Drive Market 2024-2030
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Global Elevator VVVF Drive Market 2024-2030

Last Updated:  Apr 25, 2025 | Study Period: 2024-2030

GLOBAL ELEVATOR VVVF DRIVE MARKET

INTRODUCTION

Frequency inverter technology is used in Variable Voltage Variable Frequency (VVVF) Lift Drives, which control input voltage and frequency throughout the journey while using much less current during acceleration and deceleration.

 

The PLC and VVVF control system for an elevator are the subject of the utility model. A comprehensive automatic control system for an elevator, the utility model consists of a programmable controller (PLC) with the best technology available, a signal processing module, a frequency converter with an IGBT pipe and vector control functionality, and an energy bleeder.

 

In addition to having conventional control capabilities, the utility model also provides fault automatic diagnostics, fault tolerant control, and communication control (intelligent control) capabilities.

 

Small volume, excellent technology, high intelligence, strong versatility, low failure rate, good pleasant feeling, and energy conservation are benefits of the utility model. The utility model is appropriate for the technical advancement of older elevators and the synchronised batch production of the elevator manufacturing facility.

 

The utility model applies to a particular type of elevator automatic control device that uses a Programmable Logic Controller and various AC voltage adjusting frequency adjusting speed adjusting equipment, also known as the VVVF speed controlling equipment.

 

The use of PLC machines on elevators is currently extremely widespread, but is primarily limited to the pairing of PLC machines with ACVV speed regulation and the pairing of PLC machines with double speed control.

 

Additionally, because multinomial control technology is involved, the combination of a PLC machine with a VVVF is currently unreported.

 

GLOBAL ELEVATOR VVVF DRIVE MARKET SIZE AND FORECAST

 

infographic: Elevator VVVF Drive Market, Elevator VVVF Drive Market Size, Elevator VVVF Drive Market Trends, Elevator VVVF Drive Market Forecast, Elevator VVVF Drive Market Risks, Elevator VVVF Drive Market Report, Elevator VVVF Drive Market Share

 

The Global Elevator VVVF Drive market accountedfor $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

 

RECENT DEVELOPMENT

The Jade Machine Roomless Geared Elevator has an integrated controller for optimal dependability and a power-efficient machine roomless arrangement on the top floor.

 

The faultless variable-voltage/variable-frequency (VVVF) drive intelligently modifies speed to reduce heat and mechanical strains, enhancing overall performance and lifetime. What could be better than being promoted by the best.

 

Propulsion inverters (also known as VVVF inverters) are the control mechanisms that change the power supply of the train into a form that may be used to drive the traction motors. These inverters convert incoming DC power to

 

AC power and regulate how much power is provided (voltage and frequency) in response to factors like the train's speed and other factors. Additionally, as the train slows down, these inverters have the ability to regenerate power from the motors.

 

For a lift to draw significantly less current during acceleration and deceleration, variable voltage variable frequency (VVVF) lift drives are utilised to modulate motor speed and torque throughout the lift's travel.

 

Stannah observed that three elevators' VVVF drive units frequently failed. As a result, the elevator stopped functioning, making the station inaccessible to anyone using strollers or other mobility aids.

 

Depending on the availability and size of the required replacement part, the lift may not operate for one or two days when the drive unit fails.

 

COMPANY PROFILE

THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

  1. How manyElevator VVVF drives aremanufactured per annum globally? Who are the sub-component suppliers in different regions?
  2. Cost breakup of a Global Elevator VVVF Driveand key vendor selection criteria
  3. Where is it manufactured? What is the Elevator VVVF Drive average margin per unit?
  4. Market share of Global Elevator VVVF Drivemarketmanufacturers and their upcoming products
  5. Cost advantage for OEMs who manufacture Global Elevator VVVF Drivein-house
  6. 5 key predictions for next 5 years in GlobalElevator VVVF Drivemarket
  7. Average B-2-BElevator VVVF Drivemarket price in all segments
  8. Latest trends in Elevator VVVF Drive, by every market segment
  9. The market size (both volume and value) of the Elevator VVVF Drive market in 2024-2030 and  every year in between?
  10.  Production breakup ofElevator VVVF Drivemarket,by suppliers and their OEM relationship

 

 

 

Sl noTopic
1Market Segmentation
2Scope of the report
3Abbreviations
4Research Methodology
5Executive Summary
6Introduction
7Insights from Industry stakeholders
8Cost breakdown of Product by sub-components and average profit margin
9Disruptive innovation in the Industry
10Technology trends in the Industry
11Consumer trends in the industry
12Recent Production Milestones
13Component Manufacturing in US, EU and China
14COVID-19 impact on overall market
15COVID-19 impact on Production of components
16COVID-19 impact on Point of sale
17Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
18Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
19Market Segmentation, Dynamics and Forecast by Application, 2024-2030
20Market Segmentation, Dynamics and Forecast by End use, 2024-2030
21Product installation rate by OEM, 2023
22Incline/Decline in Average B-2-B selling price in past 5 years
23Competition from substitute products
24Gross margin and average profitability of suppliers
25New product development in past 12 months
26M&A in past 12 months
27Growth strategy of leading players
28Market share of vendors, 2023
29Company Profiles
30Unmet needs and opportunity for new suppliers
31Conclusion
32Appendix