Elevators Market Analysis, Growth Trends & Competition Assessment Till 2026
Elevators are equipment used for vertical transportation of people or goods between floors of buildings, or other structures. An elevator is generally powered by an electric motor, which either counterweights a system such as hoist and drives traction cables, or pumps hydraulic fluid for raising cylindrical piston such as a jack. According to recently published report by Fact.MR, the global market for elevators is poised to expand at 9.8% volume CAGR, during the forecast period, 2017-2026. The report further projects...
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