In December 2025, MarketsandMarkets, a global authoritative industry research institution, officially released the 2025 Global Elevator IoT Industry Market Report, announcing the 2025 global top 10 countries by elevator IoT market size. According to the report, the total size of the global elevator IoT market reached 2.25 billion US dollars in 2025, a year-on-year increase of 22.7%, making it one of the fastest growing sub-sectors in the elevator industry. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 1.24 billion US dollars, accounting for 55.1% of the global total, a year-on-year increase of 25.8%, firmly ranking first in the world; 2. United States, with a market size of 280 million US dollars, accounting for 12.4% of the global total, a year-on-year increase of 18.7%; 3. Germany, with a market size of 150 million US dollars, accounting for 6.7% of the global total, a year-on-year increase of 16.8%; 4. Japan, with a market size of 120 million US dollars, accounting for 5.3% of the global total, a year-on-year increase of 15.2%; 5. South Korea, with a market size of 90 million US dollars, accounting for 4.0% of the global total, a year-on-year increase of 17.3%; 6. United Kingdom, with a market size of 70 million US dollars, accounting for 3.1% of the global total, a year-on-year increase of 15.8%; 7. France, with a market size of 60 million US dollars, accounting for 2.7% of the global total, a year-on-year increase of 14.9%; 8. India, with a market size of 50 million US dollars, accounting for 2.2% of the global total, a year-on-year increase of 28.5%, ranking first among the top ten countries in the world in terms of growth rate; 9. Singapore, with a market size of 40 million US dollars, accounting for 1.8% of the global total, a year-on-year increase of 16.5%; 10. Australia, with a market size of 30 million US dollars, accounting for 1.3% of the global total, a year-on-year increase of 15.6%. The report also pointed out that the continuous tightening of global elevator smart supervision policies, the increasing demand for intelligent transformation of old elevators, and the digital upgrading of elevator emergency rescue systems are the core driving forces for the growth of the elevator IoT market. Remote monitoring, fault early warning, intelligent maintenance, and emergency rescue are the core application scenarios of elevator IoT. The global elevator IoT market will still maintain an average annual growth rate of more than 20% in the next 5 years.