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Often, maintenance costs are also lower than a more conventional lift. The driving system for a home lift can be built inside the lift structure itself and features a screw , an electric motor , and a nut mounted behind the control panel of the lift's platform; it is thus referred to as a "screw and nut" system.
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United Rentals, Inc. is an American equipment rental company, with about 16 percent of the North American market share as of 2022. [4] It owns the largest rental fleet in the world with approximately 4,700 classes of equipment totaling about $19.3 billion in original equipment cost (OEC) as of 2022. [5]
A space elevator built according to the Edwards proposal is estimated to have total cost of about $40 billion (that figure includes $1.56 billions operational costs for first 10 years). Subsequent space elevators are estimated to cost only $14.3 billion each. [14] For comparison, in potentially the same time frame as the elevator:
[4] [5] The union limits entry of new workers into the field, and has constrained the ability of firms to use new technology to streamline elevator production in the United States. [5] Data indicates that elevator-related work is the highest paid trade in the United States, with a median wage $47.60 per hour in 2021. [5]
As of January 2008, Spain is the nation with the most elevators installed per capita [104] in the world, with 950,000 elevators installed [105] that run more than one hundred million lifts every day, followed by United States with 700,000 elevators installed and China with 610,000 elevators installed since 1949. [106]
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