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Global Elevator Wire Rope Market to Reach Robust Growth Through 2031 – New Report by Reed Intelligence Base Year / Forecast Year & CAGR The global elevator wire rope market is forecast to grow at a compound annual growth rate (CAGR) of 4.7% over the period 2023-2031. Key Highlights The largest region in the global elevator wire rope market is Asia-Pacific (APAC), benefiting from rapid urbanization and large-scale infrastructure development. The fastest-growing region is also Asia-Pacific, driven by booming demand for elevators in high-rise residential and commercial buildings across countries such as China and India. By type segmentation, Steel Core remains the largest segment. The other type, Fiber Core, is gaining traction reflecting rising interest in flexible and cost-efficient wire rope solutions in certain applications. By application, Traction Elevators hold the largest share of demand globally. For more info- https://reedintelligence.com/market-analysis/global-elevator-wire-rope-market Market Dynamics The global elevator wire rope market is being driven primarily by rapid urbanization, increasing infrastructure spending, and a surge in high-rise building construction worldwide. As cities expand vertically and demand for efficient vertical transportation systems rises, the need for reliable, durable wire ropes escalates, boosting market growth. However, the market also faces restraints such as regulatory and safety compliance requirements, supply chain fluctuations, and competitive pressure among manufacturers. These challenges can hamper growth, especially for lower-cost solutions that may compromise on quality or compliance. On the opportunity front, there is growing demand for new-generation elevators including advanced traction systems, machine-room-less (MRL) elevators, and energy-efficient lifts. This drives adoption of modern wire rope solutions (e.g. fiber-core or improved steel-core ropes), presenting manufacturers with opportunities to innovate, expand product portfolios, and penetrate emerging markets. Top Market Players Some of the leading companies operating in the global elevator wire rope market include: Gustav Wolf Bekaert Wirerope Works Pfeifer Drako KISWIRE CERTEX Usha Martin Segmentation & Regional Analysis By Type: Steel Core; Fiber Core By Application: Traction Elevators; Hydraulic Elevators By Region: North America; Europe; Asia-Pacific (APAC); Middle East & Africa (LAMEA); Latin America About the Report The report titled Global Elevator Wire Rope Market Size, Share and Trends Analysis by Type, by Application and by Region (2023–2031) by Reed Intelligence provides a comprehensive analysis of the global elevator wire rope market. It covers market size and forecast, segmentation by type and application, regional dynamics, competitive landscape, key trends, market drivers, restraints, opportunities, and profiles of leading companies in the industry.

Global Cable Raceway System Market Projected to Grow Steadily Through 2031 A new market analysis from Reed Intelligence reveals that the global Cable Raceway System market is on track for steady growth over the forecast period. According to the report, the market is expected to expand at a compound annual growth rate (CAGR) of approximately 4.5% between 2023 and 2031. For more info- https://reedintelligence.com/market-analysis/global-cable-raceway-system-market Key Market Figures Base year: 2023; Forecast year: 2031 Forecasted CAGR (2023–2031): ~ 4.5% Key Highlights Largest region (by current share): The report identifies North America, Europe, Asia Pacific (APAC), and LAMEA as major geographic regions. Fastest-growing region: The APAC region is noted to be experiencing significant growth potential. Segmentation by Type: The market is segmented into Metal Material and Non-metallic Material types. Segmentation by Application: Key end-use applications include Energy & Utility, Industrial Manufacturing, Transportation, IT & Telecom, and Others. Market Dynamics The global Cable Raceway System market is primarily being driven by rising demand for data centers and smart buildings worldwide.

Global Gas Compressor Market Poised for Steady Growth Through 2031 The global gas compressor market is projected to grow at a compound annual growth rate (CAGR) of 4.6% between 2023 and 2031, according to a new market report published by Reed Intelligence. Market Size: Base Year & Forecast Base Year (2023): Market baseline as per the report’s start of forecast period. Forecast Period (2023–2031): Expected to grow robustly at a CAGR of 4.6%. Key Highlights Largest Region: The region with the largest market share is Asia Pacific (APAC), driven by emerging economies, growing energy demand and expanding natural gas infrastructure. Fastest-Growing Region: APAC also stands out as the fastest-growing region in the forecast period. Largest Segmentation by Type: Among compressor types, the major type segments include Centrifugal Type, Reciprocating Type, Screw Type and Other types. The report lists these as the primary type categories. Segmentation by Application: The market is segmented into Process Applications, Industrial Applications, and Others. Market Dynamics Drivers The key driver behind the growth of the global gas compressor market is the rising energy demand and increased natural gas exploration worldwide, which is fueling demand for compressors for gas transmission, processing, and distribution infrastructure. Furthermore, growing energy-efficiency initiatives and the push toward renewable gas applications offer substantial opportunities. As industries look to improve efficiency and reduce emissions, demand for modern compressors compatible with cleaner energy systems is expected to rise. For more info - https://reedintelligence.com/market-analysis/global-gas-compressor-market Restraints & Opportunities On the restraints side, the market faces challenges such as economic uncertainties, regulatory hurdles, supply-chain disruptions, and competitive pressures — which can affect deployment rates and returns for compressor manufacturers. Despite these, there are significant opportunities: companies that invest in innovation and differentiate through energy-efficient or renewable-gas-ready compressor designs have a chance to gain competitive advantage. Moreover, expanding natural gas infrastructure in underserved regions presents fresh demand potential. Top Market Players According to the report, some of the key players in the global gas compressor market include: Burckhardt Compression Ariel Atlas Copco Ingersoll Rand GE Bauber HMS Group CHKZ LLC Segmentation & Regional Scope By Type Centrifugal Type Reciprocating Type Screw Type Other types By Application Process Applications Industrial Applications Others By Region North America Europe Asia Pacific (APAC) Middle East & Africa (MEA) / LAMEA Latin America (LATAM) / Other emerging regions About the Report “Global Gas Compressor Market Size, Share and Trends Analysis By Type, By Application, By Region (North America, Europe, Asia Pacific, LAMEA) and Forecasts, 2023-2031” offers a detailed market overview, segment-wise analysis, regional breakdown, competitive landscape, and market dynamics including drivers, restraints, and opportunities.