---
title: "Otis Luo Xiaoli: Leveraging Elevator Renovation to Drive Building Decarbonization and Build a Sustainable Urban Future"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/261701127.md"
description: "The 2025 Sustainable Global Leaders Conference will be held in Shanghai from October 16 to 18. Luo Xiaoli, President of Otis Greater China, stated that Otis is committed to unlocking the decarbonization potential in the industrial sector. There are over 20 million elevators in operation globally, of which 7 million have been in use for more than 20 years. In the next 10 years, this number is expected to reach 15 million, representing billions of watts of decarbonization opportunities. Elevator modernization is a viable solution for businesses and cities to achieve net-zero goals"
datetime: "2025-10-18T02:39:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/261701127.md)
  - [en](https://longbridge.com/en/news/261701127.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/261701127.md)
generator: "portal-rs"
---

# Otis Luo Xiaoli: Leveraging Elevator Renovation to Drive Building Decarbonization and Build a Sustainable Urban Future

The 2025 Sustainable Global Leaders Conference will be held from October 16 to 18 at the Expo Park in Huangpu District, Shanghai. Luo Xiaoli, President of Otis Greater China, stated that as a leader in the global elevator industry, Otis is committed to unlocking the significant decarbonization potential in the industrial sector. "Globally, we have over 20 million elevators in operation, of which 7 million have been in use for more than 20 years and are approaching the end of their lifespan. In the next decade, this number will double to 15 million, representing billions of watts of decarbonization opportunities hidden in current urban infrastructure," Luo Xiaoli pointed out. For enterprises and cities facing net-zero targets, elevator retrofitting is a feasible solution

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**