NEWARK, Del, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The global Hoist and Elevator Motors Market is witnessing a robust expansion, valued at approximately USD 97 billion in 2023 and projected to reach ...

The elevator cabins propel themselves by maglev, or magnets that levitate and move by repulsion. Instead of cables, each cabin has one motor that kickstarts the maglev — the same technology ...