Otis Celebrates Bestselling Gen2® Elevator – Over 1 Million Units Sold

Company marks 20th anniversary since product launch

  • Continues digital evolution to enhance service and customer benefits
  • Revolutionary flat-belt technology and space-saving design transformed the industry
  • Recognized for reliability, energy-efficiency and a smooth, quiet ride

FARMINGTON, United States, Dec. 9, 2020 – As Otis marks the 20th anniversary of its flagship Gen2® elevator, it also celebrates a noteworthy milestone: surpassing 1 million units sold, making this revolutionary elevator its all-time bestselling system. Otis Worldwide Corporation (NYSE: OTIS) is the world’s leading company for elevator and escalator manufacturing, installation and service.

“The Gen2 elevator has made a lasting impact on the global building industry and epitomizes the kind of game-changing innovation that defines Otis,” said Robin Fiala, Vice President, Sales & Marketing, Otis. “Today, the Gen2 is an amazingly versatile family of products designed to meet customer needs in diverse market segments. We continue to evolve the Gen2 to meet the changing needs of our customers and passengers in the digital age.”

Following its launch in 2000, the first units were installed in an apartment complex in Linz, Austria. Customers quickly embraced the Gen2’s energy efficiency, ride quality and space-saving design. Sales reached 500,000 by 2016 and surpassed 1 million earlier this year.

Configurations are now available for a wide variety of applications, whether it’s a residential or commercial building, mixed-use tower, retail setting, hospitality, hospital, metro system or airport. Initially designed for low- and mid-rise buildings, the Gen2 elevator is also now available in many areas of the world for high-rise buildings up to 150 meters. There is even a model that can operate on battery power, which is useful for areas that sustain frequent power outages. The “Ambiance” collection of aesthetic options allows customers to design stylish cab interiors that complement the architecture of their buildings.

Gen2 elevators can be found in some of the world’s most iconic structures, including the Christ the Redeemer monument in Brazil, the Empire State Building in the United States, the Lotte World Tower in South Korea, and the Shanghai World Financial Center in China.

 

Compact design

Steel-reinforced polyurethane belts are the groundbreaking innovation that set the Gen2 elevator apart from other systems. By taking a conventional steel cable, unwinding the individual strands, laying them side by side and encasing them in polyurethane to create belts, Otis was able to dramatically reduce the size of the machine, eliminate the need for a machine room creating more usable space in the building, and provide a quieter, smoother ride for passengers.

Environmental sustainability

The Gen2 elevator showcases the company’s commitment to sustainable technology. Its permanent-magnet synchronous motor reduced energy consumption by 50% when compared to the induction machine system it replaced. Otis increased energy efficiency even more by adding regenerative drive technology, which had previously been available only on high-rise systems. The ReGen® drive, combined with the Gen2 elevator’s energy-efficient machine and other features like LED lighting, reduce overall energy consumption by 75% under normal operation compared with systems with non-regenerative drives.

Connected, touchless and purification technologies

The Gen2 elevator is available with the eView® streaming service, eCall® smartphone app and CompassPlus® destination management system to enhance the passenger experience. It’s also compatible with purification products that help  protect passengers’ health and safety. Additionally, the Gen2 can be paired with Otis ONE®  to use the Internet of Things and enable proactive, predictive and connected service – in real-time.

These offerings usher the Gen2 into a digital-first era where it will continue to advance to meet customer and passenger needs. Click here to watch how the Gen2 has stood as a symbol of innovation in buildings throughout the world.

About Otis

Built on a legacy of innovation, Otis was founded in 1853 after Elisha Otis invented the elevator safety brake, giving rise to the modern city, transforming how people live and work, and revolutionizing architecture itself. Today, we are the world's leading company for elevator and escalator manufacturing, installation and service. We move 2 billion people a day and maintain more than 2 million customer units worldwide, the industry's largest maintenance portfolio. We can be found in many of the world's most recognizable buildings, as well as the busiest transportation hubs and retail centers – we are everywhere people are on the move. Headquartered in Connecticut, USA, Otis is 69,000 people strong, including 40,000 field professionals, all committed to meeting the diverse needs of our customers and passengers in more than 200 countries and territories worldwide. To learn more, visit www.otis.com and follow us on LinkedIn, Instagram, Facebook and Twitter @OtisElevatorCo.

  • Topics:
  • Innovation and Technology, Newsroom
  • Otis News

    Check out our latest news releases
    newsCoverImage
    • Oktober 29, 2026
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Declares Quarterly Dividend of $0.44 per Share READ THE ARTICLE
    newsCoverImage
    • September 30, 2026
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Named Among World's Best Employers READ THE ARTICLE
    newsCoverImage
    • September 15, 2026
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Implements Long-Standing CEO Succession Plan READ THE ARTICLE
    newsCoverImage
    • September 9, 2026
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Included Among World’s Best Companies by TIME READ THE ARTICLE
    newsCoverImage
    • September 1, 2026
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis CEO to Speak at Morgan Stanley Conference READ THE ARTICLE
    newsCoverImage
    • April 24, 2026
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Nou Mestalla Signs Otis as its Stadium Partner READ THE ARTICLE
    newsCoverImage
    • April 23, 2026
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Receives Climate Leadership Recognition READ THE ARTICLE
    Otis logo
    • Oktober 30, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Declares Quarterly Dividend of $0.42 per Share READ THE ARTICLE
    City and graphs with Otis logo
    • Oktober 29, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Reports Third Quarter 2025 Results READ THE ARTICLE
    otis-seramount-recognition
    • Oktober 14, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Recognized with Multiple 2025 Seramount Awards READ THE ARTICLE
    Otis employees on a job site
    • Oktober 10, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Named Among World’s Best Employers READ THE ARTICLE
    Otis logo with city skyline
    • Oktober 8, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Third Quarter 2025 Earnings Advisory READ THE ARTICLE
    Otis hardhat next to "Otis declares quarterly dividend" message
    • Januar 30, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Declares Quarterly Dividend of $0.39 per Share READ THE ARTICLE
    Text on left over a navy and gold background, city at night on the right
    • Januar 29, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Reports Full Year and Fourth Quarter 2024 Results READ THE ARTICLE
    Otis logo
    • Januar 16, 2025
    • FARMINGTON, CONNNECTICUT, UNITED STATES
    Otis Authorizes $2 Billion for Share Repurchase READ THE ARTICLE
    Earnings Advisory
    • Januar 8, 2025
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Fourth Quarter 2024 Earnings Advisory READ THE ARTICLE
    Otis Among World’s Best Employers
    • Oktober 9, 2024
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Among World’s Best Employers READ THE ARTICLE
    Otis Third Quarter 2024 Earnings Advisory
    • Oktober 9, 2024
    • FARMINGTON, CONNNECTICUT, UNITED STATES
    Otis Third Quarter 2024 Earnings Advisory READ THE ARTICLE
    Made to Move Communities Japan Team
    • September 10, 2024
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Students to Develop Urban Mobility Solutions Using AI READ THE ARTICLE
    newsCoverImage
    • September 3, 2024
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis CEO to Speak at Morgan Stanley Conference READ THE ARTICLE
    Red dot smart
    • August 6, 2024
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Wins 3 Red Dot Design Awards READ THE ARTICLE
    Q2 2024 dividend announcement graphic with Otis hard hat
    • Juli 25, 2024
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Declares Quarterly Dividend of $0.39 per Share READ THE ARTICLE
    Otis declared quarterly dividend
    • Februar 1, 2024
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Declares Quarterly Dividend of $0.34 per Share READ THE ARTICLE
    Q4 and full year earning release
    • Januar 31, 2024
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Reports Full Year and Fourth Quarter 2023 Results READ THE ARTICLE
    otis in sandstone on navy background
    • November 29, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis to Host 2024 Investor Day READ THE ARTICLE
    Otis declares quarterly dividend on blue background
    • Oktober 26, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Declares Quarterly Dividend of $0.34 per Share READ THE ARTICLE
    Earnings_Results
    • Oktober 25, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Reports Third Quarter 2023 Results READ THE ARTICLE
    Otis 170th Anniversary Logo
    • September 20, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Marks 170 Years Since First Elevator Sale READ THE ARTICLE
    A group of students
    • September 5, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Students Set to Develop Ideas for Improved Access to Green Space READ THE ARTICLE
    Otis logo on blue background
    • September 1, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis CEO to Speak at Morgan Stanley Conference READ THE ARTICLE
    Little girl on top of Father's shoulders looking at a skyline
    • April 6, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Publishes 2022 ESG Report READ THE ARTICLE
    Otis employees helping at a food bank
    • April 5, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Making Every Hour Count READ THE ARTICLE
    Otis logo on navy background says earnings advisory February 1, 2023 8:30am EST
    • Januar 11, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Fourth Quarter 2022 Earnings Advisory READ THE ARTICLE
    Q4 Full year Earnings results
    • Januar 10, 2023
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Fourth Quarter 2023 Earnings Advisory READ THE ARTICLE
    Otis buildings that won Project of the Year in 2023
    • November 30, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Wins Two Project of the Year Awards READ THE ARTICLE
    Images of women who work at Otis
    • November 14, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Among Forbes’ World’s Top Female-Friendly Companies READ THE ARTICLE
    Members of the Otis facility in Florence, SC
    • November 1, 2022
    • FLORENCE, SOUTH CAROLINA, UNITED STATES
    The Otis Florence Experience: A Decade in the Making READ THE ARTICLE
    Otis Q1 Earnings advisory image
    • April 11, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis First Quarter 2022 Earnings Advisory READ THE ARTICLE
    Otis Elevator logo
    • April 8, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Receives Results of Zardoya Tender Offer READ THE ARTICLE
    Two Otis elevator mechanics working
    • Februar 2, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Fortune Names Otis to “Most Admired Companies” List READ THE ARTICLE
    Otis announces Q4 and full year 2021 earnings results
    • Januar 31, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Full Year and Fourth Quarter 2021 Results READ THE ARTICLE
    Otis logo blue background Q4 Earnings on Jan 31 2022
    • Januar 14, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Fourth Quarter 2021 Earnings Advisory READ THE ARTICLE
    Investor Day Advisory
    • Januar 12, 2022
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis 2022 Investor Day to be Hosted Virtually READ THE ARTICLE
    Investor day Otis 2022
    • November 19, 2021
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis to Host 2022 Investor Day READ THE ARTICLE
    Otis news logo
    • November 10, 2021
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Obtains European Union Binding Corporate Rules Certification READ THE ARTICLE
    Otis Logo
    • November 4, 2021
    • FARMINGTON, CONNECTICUT, UNITED STATES
    OTIS ANNOUNCES PRICING OF EURO-DENOMINATED NOTES READ THE ARTICLE
    newsCoverImage
    • Juni 17, 2021
    • FLORENCE, SOUTH CAROLINA, UNITED STATES
    A Father's Day Tribute READ THE ARTICLE
    Otis ESG goals header
    • Mai 26, 2021
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Announces Global ESG Goals READ THE ARTICLE
    Stanley_.com_news_room-new
    • September 1, 2020
    • FARMINGTON , CONNECTICUT, UNITED STATES
    Otis CEO to speak at Morgan Stanley Virtual Conference READ THE ARTICLE
    Airflow_otis.com_news_room-japan
    • August 27, 2020
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Commissions Study on Elevator Airflow Amid COVID-19 Pandemic READ THE ARTICLE
    Barclay_.com_news_room
    • August 19, 2020
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis CEO and CFO to speak on Barclays conference call READ THE ARTICLE
    newsCoverImage
    • Juli 13, 2020
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Second Quarter 2020 Earnings Advisory READ THE ARTICLE
    OtisInvestorImage3
    • Februar 11, 2020
    • FARMINGTON, Connecticut, United States
    Otis Presents Growth and Value Creation Strategy at Investor Day READ THE ARTICLE
    newsCoverImage
    • Januar 21, 2020
    • FARMINGTON, CONNECTICUT, UNITED STATES
    Otis Investor and Analyst Meeting Advisory READ THE ARTICLE
    Company marks 20th anniversary since product launch
    03.12.20 20:57
    03.12.20 20:57