Otis Worldwide Corporation announced the launch of its Arise MOD Prime and Arise MOD Plus modernization packages on February 25 2026. The new solutions target low‑ to mid‑rise residential and commercial buildings across the United States and Canada, offering modular, phased upgrades that allow customers to tailor modernization plans to operational needs, long‑term goals, and budget constraints.
The Arise MOD packages integrate the company’s Otis ONE IoT platform, enabling real‑time monitoring and predictive maintenance. By modularizing the upgrade process, Otis can extend the life of existing elevator assets while improving safety, energy performance, and passenger experience. The phased approach also reduces upfront capital outlay for building owners and aligns modernization with cash‑flow cycles.
This launch is part of Otis’s broader strategy to transition from a cyclical equipment focus to a subscription‑like service platform. In Q4 2025, the service segment grew 5% and modernization orders increased 43%, underscoring the demand for recurring revenue streams. Joseph Armas, President of Otis Americas, said, “Modernizing elevators is one of the most effective ways to enhance safety, elevate the passenger experience, and improve energy performance. With our new Arise MOD packages, customers can tailor their modernization approach and phase upgrades over time in alignment with operational needs, long‑term goals and budgets.”
Otis’s Q4 2025 earnings missed analyst expectations, reporting earnings per share of $1.03 versus an estimate of $1.04 and revenue of $3.8 billion versus an estimate of $3.89 billion. The miss was driven by headwinds in the new equipment segment, particularly in China, while the service segment’s 5% growth helped offset the shortfall. Management guided for 2026 organic sales growth in the low‑ to mid‑single‑digit range and adjusted EPS growth in the mid‑ to high‑single‑digit range, reflecting confidence in the service flywheel and modernization momentum.
The modernization market opportunity is substantial: more than 1 million elevators in the U.S. and Canada are at least 20 years old, creating a large addressable base for upgrade work. Otis previously launched similar Arise MOD Prime and Plus solutions in Europe in October 2025, and the North American rollout expands the company’s global footprint and reinforces its competitive position against peers such as KONE, Schindler, and TK Elevator.
By offering flexible, phased modernization, Otis positions itself to capture a larger share of the modernization market, generate recurring revenue, and strengthen its service‑centric business model. The launch aligns with the company’s strategic emphasis on digital integration, customer‑centric solutions, and long‑term asset performance, reinforcing Otis’s leadership in elevator modernization and service excellence.
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