Light Towers Market Research Report

Arif

Sep 21, 2021

Global Light Towers Market by Market Type and By Region

 

The GMI Research foresees that the Light Towers Market will encounter a rising demand over the forecast period. This is because of the aggravating emphasis on the execution of safety norms in the construction sector, rising demand for larger power creation, and their stimulating demand for emergency solutions.

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Introduction of the Light Towers Market

Light towers refer to several sources of mobile light used at construction sites and mines to simplify night-time work. They assist in lighting up the work area, which is far away and off the main power grid. These towers have lamps constituted of metal halide bulbs and a generator.

Key Players of Market:

  • Terex Corporation
  • Generac Holding Inc
  • Doosan Portable Power
  • Atlas Copco Ltd
  • Wacker Neuson Corporation
  • United Rental Inc
  • Larson Electronic LLC
  • Aska Equipments Limited
  • Olikara Lighting Towers Pvt. Ltd

Light Towers Market Dynamics

The modernization in LED technology, initiation of battery supported and solar energy towers, as well as the ongoing investment in various end use industry verticals are aggravating the growth of the global light towers market size. Also, the towers are extensively employed for distant outdoor functions or locations difficult to adhere with the main power grid. Thus, this makes the tower an indispensable source of lightning during construction activities. In addition to it, distant operations include emergency, oil and gas, mining, and rescue actions supported by light towers, which is another factor supplementing the market growth. The mining, oil, and gas sites are located far off from the main power grid, thus engendering power provincially with the help of heavy-duty generators, paving the way for market growth.  Furthermore, the aggravating requirement of lighting towers to light up any aspired location further adds to the market growth.

Besides this, the Light Tower Market Forecast states that rescue and emergency operations are crucial tasks for the military, police, and firefighters working at night, thereby stimulating the need for light towers. However, varying prices of crude oil are projected to hinder the market share.

Market Type Segment Drivers

Based on market type, the market is segregated into sales and rental. Amongst which, rental is contemplated to bolster at a faster rate during the forecast period. This is because of the rising demand for light tower rentals across the Asia Pacific and North America. Moreover, as per the Light Tower Market Analysis Report, their demand surges for temporary use as a result of the low capital investments needed.

Light Type Segment Drivers

On the basis of light type, LED is anticipated to witness a significant rise in demand over the coming years. This is because of the accelerating demand from oil & gas and mining end-users, accounting to be the most demand generating industries for light towers. Besides this, metal halide LED tower helps fuel energy effectiveness and decrease the overall consumption which bolsters the Light Towers Market Size.

Geographical Drivers

Based on regional coverage, North America is likely to boost at a faster compound annual growth rate during the coming years. This is because of the prevalence of major end-use industries that use light towers. Apart from this, Canada will expand swiftly because of the escalation of construction and mining activities in the country. Moreover, the enlarging oil & gas and aerospace industries are the major source of demand for the light tower.

Light Towers Market Segmentation:

Segmentation by Market Type
  • Sales
  • Rental
Segmentation by Light Type
  • Metal Halide
  • LED
Segmentation by Fuel Type
  • Diesel
  • Solar/Hybrid
  • Direct Power
Segmentation by Region:
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • RoW
    • UAE
    • Brazil
    • South Africa
    • Saudi Arabia

About GMI Research

GMI is a consulting and market research company emphasising on accumulating all desired information about various industries with both external and internal databases. The enterprise imparts perception and research reports to help clients understand the approaching challenges and chances across different sectors. The team of analysts and experts assist in interpreting the influence of dynamics such as drivers, share, size, growth opportunities, and other aspects. We proffer a complete guidance to our clients to grab a supervisory decision.

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GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects.