The Electric Hoist Industry The electric hoist market has been thriving over the past few years. In recent years, Asia Pacific has dominated the global electric hoist market, and is expected to do so until 2025. The region’s robust economic growth and population growth are driving the industry’s size, and several residential construction projects are underway in many APAC countries. In addition, government initiatives to upgrade public infrastructure in APAC nations will continue to push product demand. Load chain is the lifting medium An electric hoist is a mechanical device that suspends an object over a supporting structure, such as a fixed or movable beam. Once the load has been…