In December 2025, MarketsandMarkets, a global authoritative industry research institution, officially released the 2025 Global Elevator Inverter Industry Market Report, announcing the 2025 global top 10 countries by elevator inverter market size. According to the report, the total size of the global elevator inverter market reached 1.86 billion US dollars in 2025, a year-on-year increase of 5.6%, which is a core sub-sector in the field of elevator core electrical components. The TOP 10 ranking released this time is as follows: 1. China, with a market size of 1.097 billion US dollars, accounting for 59.0% of the global total, a year-on-year increase of 7.2%, firmly ranking first in the world; 2. Germany, with a market size of 186 million US dollars, accounting for 10.0% of the global total, a year-on-year increase of 4.5%; 3. Japan, with a market size of 167 million US dollars, accounting for 9.0% of the global total, a year-on-year increase of 4.2%; 4. Italy, with a market size of 112 million US dollars, accounting for 6.0% of the global total, a year-on-year increase of 4.7%; 5. South Korea, with a market size of 93 million US dollars, accounting for 5.0% of the global total, a year-on-year increase of 4.8%; 6. United States, with a market size of 74 million US dollars, accounting for 4.0% of the global total, a year-on-year increase of 4.3%; 7. France, with a market size of 37 million US dollars, accounting for 2.0% of the global total, a year-on-year increase of 4.4%; 8. Spain, with a market size of 28 million US dollars, accounting for 1.5% of the global total, a year-on-year increase of 4.6%; 9. Switzerland, with a market size of 19 million US dollars, accounting for 1.0% of the global total, a year-on-year increase of 4.1%; 10. India, with a market size of 19 million US dollars, accounting for 1.0% of the global total, a year-on-year increase of 10.8%, ranking first among the top ten countries in the world in terms of growth rate. The report also pointed out that the continuous growth of global elevator ownership, the increasing demand for the update and transformation of old elevator inverters, the popularization of permanent magnet synchronous drive technology, and the continuous upgrading of elevator energy efficiency standards are the core driving forces for the growth of the elevator inverter market. Special elevator inverters, intelligent inverters, energy-saving inverters, and high-reliability industrial-grade inverters have become the core development direction of the industry. The global elevator inverter market will still maintain an average annual growth rate of more than 5% in the next 5 years.