In response to the issues of significant braking error and low sensitivity associated with the ratchet-claw centrifugal speed limiters, this study proposes a direct-acting centrifugal speed limiter (DCSL) characterized by minimal braking error and heightened sensitivity. A triggering model for the DCSL has been established through dynamic analysis and simulated using MATLAB to elucidate the interrelationships between the total mass of the centrifugal blocks, the rigidity of the speed regulating spring (SRS), the pre-compression, and the release rotational speed of the speed limiter. A mathematical model of the speed limiter has been constructed by setting parameters. An experimental platform for speed limiter detection has been established, and MATLAB has been utilized to mathematically model the experimental data to verify the applicability and reliability of the mathematical model. The results indicate that the triggering system of the DCSL meets the characteristic that the greater the stiffness and pre-compression of the SRS and the smaller the total mass of the centrifugal blocks, the higher the release rotational speed of the speed limiter, which aligns with the expected design. The braking rotational speed error between the mathematical model and the experimental data ranges from 0.73% to 1.76%, meeting the requirements of engineering applications. Through multiple linear regression, the speed limitation range and capability of the speed limiter under the premise of achieving design requirements have been investigated. The error between the mathematical model values and the experimental values at different pre-compressions of the SRS is in the range from 0.01% to 2.66%, all within the specified error range. The DCSL boasts a fast start-up speed and a broad speed range, significantly enhancing the safety of elevator operation systems, reducing the risk of accidents, and providing robust assurance for the continuity and stability of elevator operations.