The Traction Elevator market is a subset of the Elevators and Escalators industry. Traction elevators are powered by electric motors that drive traction cables, allowing them to move both vertically and horizontally. They are typically used in high-rise buildings, and are the most common type of elevator in the world. Traction elevators are known for their reliability, safety, and energy efficiency. They are also capable of carrying large loads, making them ideal for commercial and industrial applications. Traction elevators are available in a variety of sizes and configurations, allowing them to be customized to meet the needs of any building. They are also available with a range of features, such as automatic doors, voice commands, and emergency stop buttons. Some of the major companies in the Traction Elevator market include Otis, Kone, Schindler, ThyssenKrupp, and Mitsubishi Electric. Show Less Read more
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