OEM & Technology

Product launches, digital platforms, acquisition activity, and competitive intelligence from the major elevator and escalator OEMs, including Otis, KONE, Schindler, TK Elevator, Mitsubishi Electric, and Hitachi.

Stories in OEM & Technology 3 articles

OEM & Technology

Otis Launches Arise MOD Modernization Packages for North America

New modular solutions target 1M+ elevators that are 20+ years old, with IoT sensors and current safety standard compliance. Arise MOD Prime and Plus tiers available now.

Otis Worldwide · Feb 25, 20264 min read

OEM & Technology

KONE Acquires Orbitz Elevators to Expand Service Across Australia and New Zealand

The acquisition focuses on expanding People Flow solutions in the ANZ region, adding to KONE's global service portfolio and strengthening its independent contractor presence.

KONE Corporation · May 20243 min read

Smart Elevators

Smart Elevator Market Projected to Reach $29.4B by 2030 at 10.4% CAGR

Growth driven by touchless systems, predictive maintenance, and building management integration. North America led the market in 2025.

GlobeNewswire · Feb 27, 20264 min read

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