Best Prospects in the Global Light Towers Market and Strategies for Growth – Includes Light Towers Market Size
The Business Research Company’s report goes into great detail on the light towers market size and growth, light towers market regional analysis, light towers market competitive landscape, and other critical information needed to excel in the light towers industry.
Major players in the light towers market include Generac Mobile Products, Terex Corporation, Doosan Portable Power, Wacker Neuson SE, Atlas Copco (India) Ltd, United Rentals Inc., The Will-Burt Company, Aska Equipments Limited, Larson Electronic LLC, Olikara Lighting Towers Pvt Ltd, Allmand Bros. Inc., Xylem, Chicago Pneumatic, J.C. Bamford Excavators Ltd., Colorado Standby, Youngman Richardson, WANCO INC., and Multiquip Inc.
TBRC’s comprehensive market report based on extensive research will assist you in seamlessly devising your approaches in order to match key market player strategies.
The global light tower market size is expected to grow from $3.03 billion in 2021 to $3.22 billion in 2022 at a compound annual growth rate (CAGR) of 6.24%. The growth in the market mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global light towers market size is expected to reach $4.11 billion in 2026 at a CAGR of 6.35%.
North America and Asia-Pacific were the largest regions in the light tower market in 2021.
The light tower market consists of sales of light towers by entities (organizations, sole traders, and partnerships) that manufacture, sell, and rent light towers. Light towers are mobile equipment consisting of high-intensity electric lamps and masts, along with a trailer attached to it with a generator setup at the back to power the bulbs when insufficient artificial or natural light is present. In light towers, power is usually generated from diesel, solar energy, batteries, or hybrid methods to illuminate bulbs. Light towers are used in construction, infrastructure development, the oil and gas industry, mining, the military and defense, as well as in emergency and disaster relief.
Increased infrastructure activities are significantly contributing to the growth of the light tower market.
New product development is the key trend being followed by the companies operating in the light tower market. This is due to the presence of a large number of light tower manufacturing companies as well as to their extending their growth in new areas to be a leader in the market.
TBRC’s Global Light Towers Market Report Is Segmented:
By Product: Stationary, Mobile
By Fuel Type: Solar/Hybrid, Diesel, Direct Power
By Technology: Manual Lifting, Hydraulic Lifting
By Lighting: Metal Halide, LED, Electric
By End-User: Oil and Gas, Mining, Construction, Events and Sport
By Geography: North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The Light Towers Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides an overview of the light towers market globally and regionally, analyzes and forecasts market size, share, light towers market players, light towers market segments, leading competitor revenues, profiles and market shares.
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