Most New Yorkers don’t think twice about an elevator unless it's broken. But they will be forced to consider them more as thousands are due to be replaced in the coming years. In the five boroughs, ...

The MarketWatch News Department was not involved in the creation of this content. Elevator and Escalator Market to Reach USD 248.9 Billion by 2032, Driven by Smart Elevator Adoption and Modernization, ...

CYPRESS, Calif.--(BUSINESS WIRE)--The Elevator and Escalator Division of Mitsubishi Electric US, Inc., headquartered in Cypress, California, unveils ELEMOTION™, a modernization package to help ...

Customers can carefully choose the scope and pace of elevator modernization Otis Arise™ MOD solutions align with the latest safety standards, and enhance reliability and efficiency with advanced ...

CYPRESS, Calif.--(BUSINESS WIRE)-- The Elevator and Escalator Division of Mitsubishi Electric US, Inc., (Mitsubishi Electric), headquartered in Cypress, California, launches AT-MOD modernization ...

(Reuters) -Elevator maker Otis Worldwide beat Wall Street estimates for the third quarter on Wednesday, driven by a 27% rise in modernization orders, which supported strong growth in its services ...

Q. I am a unit owner in a condominium association that hired an elevator consultant to manage an expensive elevator modernization project. The consultant failed to fulfill the full scope of consultant ...

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.

Elevator outages have become a common occurrence on UNC’s campus, with 374 elevator outages occurring across the University’s 368 elevators between Aug. 1 and Dec. 31, 2025. These outages stem from a ...

FARMINGTON, Conn., Feb. 25, 2026 /PRNewswire/ -- There are more than 1 million elevators in use across the U.S. and Canada, including many that are at least 20 years old – posing a risk of operational ...