Global Elevator Automatic Rescue Device Market Size, Share & CAGR 7.8% Forecast 2026–2034
According to a new report from Intel Market Research, Global Elevator Automatic Rescue Device market was valued at USD 1.45 billion in 2025 and is projected to reach USD 2.85 billion by 2034, growing at a CAGR of 7.8% during the forecast period (2026–2034). This growth is fueled by stringent safety regulations, rapid urbanization, and technological advancements in elevator safety systems.
What are Elevator Automatic Rescue Devices?
Elevator Automatic Rescue Devices are critical safety mechanisms designed to ensure passenger safety during power outages or mechanical failures. These systems incorporate emergency power supply units, backup communication interfaces, and automated descent controls to evacuate passengers safely without manual intervention. Modern solutions include video intercom systems, real-time monitoring, and one-button alarm functionalities that comply with global safety standards.
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This comprehensive analysis provides granular insights into the Elevator Automatic Rescue Device market landscape - from macroeconomic trends to competitive benchmarking. The report examines technological innovations, regulatory frameworks, and strategic developments shaping this niche but vital segment of the building safety industry.
Key Market Drivers
- Regulatory Mandates and Safety Standards
Global building codes now universally require automatic rescue devices in elevators, particularly in high-rise constructions. The European EN 81-20 standard and China's GB 7588-2003 have been particularly influential, mandating fail-safe mechanisms that can operate independently during power failures. These regulations emerged from concerning statistics showing over 30% of elevator-related injuries occur during emergency situations. - Urbanization and High-Rise Construction Boom
With China alone installing over 60% of global elevators and maintaining 9.65 million operational units as of 2022, the correlation between urbanization and safety device adoption becomes evident. Megacity developments across Asia now incorporate these systems as standard features, while retrofit programs in mature markets like Japan ensure older buildings meet contemporary safety expectations.
➤ "The integration of IoT and AI in rescue devices has reduced emergency response times by 30% compared to conventional systems," notes the report's lead analyst.
Market Challenges
- High Implementation Costs - Retrofitting older systems can increase project costs by 15-20% due to compatibility challenges and specialized labor requirements
- Skills Gap - Only 35% of maintenance technicians globally are certified to service advanced automatic rescue systems
- Economic Factors - Recent downturns have caused a 12% reduction in retrofit projects as operators defer non-essential upgrades
Emerging Opportunities
The market presents significant growth potential in developing regions, with Southeast Asia and Africa projected to grow at 8.5% CAGR - nearly double the global average. Next-generation technologies like self-diagnostic systems and hybrid wired/wireless solutions are creating premium market segments. Furthermore, integration with smart building ecosystems allows these devices to function as part of comprehensive safety networks rather than standalone components.
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Regional Market Insights
- Asia-Pacific: Dominates with 70% of global elevator production and installation activity centered in China
- North America: Leads in technological innovation, particularly in backup power solutions for rescue operations
- Europe: Pioneered safety standards and remains at the forefront of system reliability requirements
- Middle East: Luxury developments incorporate premium rescue systems as standard features
Market Segmentation
By Product Type
- Emergency Rescue Video Intercom Systems
- Human Monitoring Solutions
- One-button Alarm Systems
By Elevator Type
- Commercial
- Residential
- Industrial
By Technology
- Wired
- Wireless
- Hybrid
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Competitive Landscape
The market features strong competition among Asian manufacturers, with the top five players controlling 35-40% market share. Shenyang Bluelight Group and Thita Control & Automation lead through cost-effective solutions, while niche players like Excella Electronics specialize in IoT-enabled systems. Recent developments show increased R&D focus on AI-powered monitoring and integrated emergency communication solutions.
Key Companies Profiled:
- Shenyang Bluelight Group
- Thita Control & Automation
- Divine Elevator
- Unilift Components
- Excella Electronics
About Intel Market Research
Intel Market Research is a leading provider of strategic intelligence, offering actionable insights in construction technologies, building safety systems, and urban infrastructure. Our research capabilities include:
- Real-time competitive benchmarking
- Global technology adoption tracking
- Regulatory impact analysis
- Over 500+ infrastructure reports annually
Trusted by Fortune 500 companies, our insights empower decision-makers to navigate complex markets with confidence.
🌐 Website: https://www.intelmarketresearch.com
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