Otis Worldwide Corporation is an elevator and escalator manufacturing, installation and service company. The Company operates through two segments: New Equipment and Service. Through its New Equipment segment, it designs, manufactures, sells and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. It sells its New Equipment units directly to customers, as well as through agents and distributors globally. Through its Service segment, it performs maintenance and repair services for both its products and those of other manufacturers and provides services to upgrade elevators and escalators. It provides OTIS ONE, an Internet of Things (IoT) based solution to connect elevators to OtisLine. It also provides Gen2 system and ReGen system solutions. The Company serves customers in over 200 countries and territories.