China Elevator Association Released 2025 China Elevator Energy-Saving Renovation Market Analysis Report
Core contents of the report:
First, Market Scale and Growth: 2025 market scale 28.6 billion yuan (+32.5%); among which energy feedback device renovation 11.2 billion yuan (39.2%), permanent magnet synchronous motor renovation 8.6 billion yuan (30.1%), lighting/ventilation energy-saving renovation 4.8 billion yuan (16.8%), intelligent control system energy-saving renovation 4 billion yuan (13.9%); 2026-2027 Forecast: market scale average annual growth 35%, reaching 52 billion yuan in 2027, renovating over 2.2 million elevators.
Second, Renovation Regional Distribution: East China 38% (Shanghai, Jiangsu, Zhejiang); South China 22% (Guangdong, Fujian); North China 15% (Beijing, Tianjin); Central China 12%; Southwest China 8%; Northwest China 5%; first- and second-tier cities account for 75%, old communities, commercial complexes and office buildings are the main renovation forces.
Third, Renovation Technology Application: energy feedback technology accounts for 45% (most mainstream, energy saving 25%-40%); permanent magnet synchronous gearless motor renovation accounts for 32% (energy saving 20%-30%, noise reduction 10dB); LED energy-saving lighting + intelligent ventilation accounts for 15% (energy saving 15%-20%); IoT intelligent control + frequency conversion renovation accounts for 8% (energy saving 10%-15%); composite energy-saving renovation accounts for 65% (multiple technologies superimposed, energy saving 40%-50%).
Fourth, Renovation Effect Data: average energy consumption reduced by 35%; average noise reduced by 8dB(A); average failure rate reduced by 40%; average service life extended by 8-10 years; single elevator annual power saving 937 kWh, national annual power saving 12 billion kWh, equivalent to annual power generation of 3 large power plants.
Fifth, Policy Driving Factors: four policy drivers: "Dual Carbon" goals, old community renovation, financial subsidies and mandatory energy consumption standards; 2025 national energy-saving renovation subsidy funds exceeded 4.5 billion yuan, maximum single-unit subsidy 20,000 yuan.
Sixth, Market Players: elevator complete machine enterprises account for 42%; professional energy-saving renovation enterprises account for 35%; maintenance units account for 23%; leading enterprises market concentration 65%, standardized and large-scale renovation becomes mainstream.
The report points out that China's elevator energy-saving renovation market has entered a period of explosion, with mature technology, favorable policies and strong demand, and will maintain rapid growth from 2026 to 2027.