Elevator and design consultants are lauding a new elevator system from KONE Corp. that drastically reduces the weight of the hoisting cables—the bane of tall-building experts. The patented system, ...

Keywords: Seismic performances. Rail counterweight systems. Building elevators. Guide rail designs. Seismic code provisions. Elevator systems. Critical facilities. Hospitals. Nonstructural components.

The global elevator and escalator market is projected to exceed $130 billion by 2026, driven by infrastructure development in emerging economies and modernization projects in developed regions.