China Elevator Association Released 2024-2025 Development and Export Report of China's Explosion-Proof Elevator Industry
This report is jointly compiled by the China Elevator Association and the National Technical Committee for Explosion-Proof Electrical Equipment Standardization of China, covering all categories of explosion-proof elevators for mining, chemical industry and oil and gas fields. It is the first panoramic development and export report for the segmented field of explosion-proof elevators in China's elevator industry. The core content and data of the report include: first, the overall industry scale data. In 2024, the annual output of China's explosion-proof elevators reached 3,620 units, a year-on-year increase of 12.4%, accounting for more than 58% of the global total output of explosion-proof elevators; in 2024, the export volume reached 1,280 units, a year-on-year increase of 28.6%, the export value exceeded 420 million US dollars, a year-on-year increase of 25.7%, and the exports cover 68 countries and regions around the world. The annual compound growth rate of export volume from 2020 to 2024 reached 22.3%, which far exceeded the average growth rate of global explosion-proof elevator trade; second, the export structure ranking of subdivided products. Among the export categories of China's explosion-proof elevators in 2024, explosion-proof elevators for chemical industry accounted for 46.8%, ranking first; mine explosion-proof elevators accounted for 32.4%, ranking second; explosion-proof elevators for oil and gas fields accounted for 15.7%, ranking third; other special explosion-proof elevators accounted for 5.1%, ranking fourth. Among them, the export growth rate of mine explosion-proof elevators was the fastest, with a year-on-year increase of 36.2%, and the main export markets were mineral development projects in Russia, Australia, Africa and Southeast Asia; third, the ranking of export regional markets. The top 10 countries in terms of China's explosion-proof elevator export value in 2024 are: Russia, Australia, Indonesia, South Africa, Kazakhstan, Brazil, Saudi Arabia, United Arab Emirates, Peru, Chile. Among them, countries along the Belt and Road account for 72.6% of the total export value, and the export value to the African market increased by 41.5% year-on-year, with a significant increase in growth rate; fourth, the analysis of global market position. The report shows that in 2024, China's explosion-proof elevator output accounts for 58% of the global total output, and the export volume accounts for 42% of the global total trade volume of explosion-proof elevators, ranking first in the world. China has mastered the core technology of explosion-proof elevators for the whole scene of coal mines, chemical industry and oil and gas fields, and has formed a complete whole industrial chain system of R&D, design, manufacturing, installation and operation and maintenance. The products meet international explosion-proof standards such as IECEx and ATEX, and have been widely recognized by the global market; fifth, the analysis of industry development trend. The report points out that the global explosion-proof elevator market shows three major development trends: first, the rapid development of the global mining, petrochemical and new energy industries drives the continuous rise in demand for explosion-proof elevators. It is expected that the average annual growth rate of the global explosion-proof elevator market will remain above 15% from 2025 to 2027; second, high safety, intelligence and high reliability have become the core direction of the technological development of explosion-proof elevators, and the export growth rate of explosion-proof elevators with intelligent monitoring, IoT remote operation and maintenance, and intrinsically safe control technology all exceeded 35%; third, the global renewal and transformation market of explosion-proof elevators in old mines and chemical parks is gradually expanding. In 2024, the export value of China's explosion-proof elevator transformation components increased by 24.3% year-on-year, becoming a new export growth engine. This report comprehensively presents the development pattern and export trend of China's explosion-proof elevator industry, and provides authoritative data reference for global elevator purchasers and traders in the mining, chemical and oil and gas fields to accurately connect with China's explosion-proof elevator supply chain.