Light Tower Market
Global Light Tower Market Size, Share & Trends Analysis Report by Type (Led Solar Tower, and Metal Halid Light Tower) by Power Source (Solar Powered, Diesel Powered, Hydrogen Powered, and Directly Powered), and by End-User (Construction, Oil & Gas, Mining, Industrial, and Others) Forecast Period (2022-2028)
The global light tower market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. The increasing use of light tower in the construction, mining, oil and gas, and on other industries , is driving the growth of the light tower market. Due to the sheer rising need for more tough and lasting light towers from industries such as mining and construction, major manufacturers have introduced new heavy-duty variants of tower lights for harsher deployments. Furthermore, movable light towers are gaining popularity due to the numerous advantages provided by them. Apart from these, the rapid infrastructural deveopement and favorable government initiatives for better lighting systems in consutrution industry and in other hazardous conditions further going to increase the market size. Moreover, the introsuction of new product development coupled with minimum cost and less power consumption, by market players can bring new growth opportunities to the market during the forecasted period.
Impact of COVID-19 Pandemic on Global Light Tower Market
The COVID-19 pandemic had impacted most of the industries globally.. The spread of the virus led the governments across the globe to impose lockdown that strictly restricted the uses of the vehicle and shut down most of the transportation services for a while. All this led to a decrease in the demand, and production activities in the light tower market.
Segmental Outlook
The global light tower market is segmented on the basis of type, power source, and end-user. On the basis of type, the market is segmented into LED light tower, and metal halid light tower. LED light tower market is expected to contribute significant market share due to their capacity to reduce energy costs, LEDs have various eco-friendly advantages for organisations.. By power source, the market is segmented into the solar powered, diesel powered, hydrogen powered, and directly powered. Diesel powered is expected to have a major market share due to the high application of diesel in light tower across the globe. On the basis of end-user, the market is segmented construction, oil and gas, mining, industrial, and others. Construction industry is expected to have a major market share due to the high usage of light tower across the globe.
Global Light Tower Market Share by Power Source, 2021 (%)
The Diesel Powered Light Tower Segment Anticipated to Hold the Prominent Share in the Global Light Tower Market
The diesel powered light tower segment is estimated to dominate with a prominent share of the market during the forecast period owing to the declining market of fuel engines across the globe. The business prospects will be strengthened by ongoing government initiatives to modernise transportation infrastructure, as well as the rising retail, manufacturing, and tourism sectors. The installation of hybrid technology, such as rechargeable battery packs coupled with backup diesel generator sets, will increase. Furthermore, diesel fuel is less expensive than other fuel sources.
Regional Outlooks
The global Light Tower market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). Europe holds the prominent share of the market during the forecast period. It is expected that the North America market will also show the highest growth rate during the forecast period owing to significant growth in the construction, automotive, steel and other industry in the region’s major economies.. Asia-Pacific is expected to show significant growth rate due to well-developed industries along with higher adoption of light towers in these regions.
Global Light Tower Market Growth, by Region 2022-2028
The North America Region Estimated to Grow Fastest in the Global Light Tower Market
North America is projected to hold a prominent share during the forecast period owing to the existing large vehicle market with high competitiveness in the North American automotive light tower market.. The presence of major companies in the US and their key focus toward environmental safety with development of low emission and energy-efficient structures is expected to drive the market.. These companies are investing heavily in the adoption of innovative and modern light tower technologies rather than traditional light. For instance, in January 2021, Atlas Copco has launched a new ultra-quiet LED light tower powered by diesel for usage in urban and residential environments. The revised version of the HiLight B5+ light tower is perfect for providing illumination at events, temporary public lighting, or greater visibility at construction sites near residential areas, with operational noise levels as low as 55 dBA. Additionally, in March 2020, the All-in-One Beacon LED Tower was introduced by Lind Equipment. Lind Equipment focuses on the North American market, with rental activities accounting for roughly 90% of sales.
Market Players Outlook
The major companies serving the global Light Tower market Atlas Copco AB, Terex Corporation, Generac Power Systems Inc., Larson Electronics LLC, Doosan portable Power, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, Ceres Power Holdings plc and Doosan Corporation have announced a collaboration and licence agreement includes the construction of a 50MW mass manufacturing facility in South Korea to produce Ceres' fuel cell stacks under licence.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global light tower market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Light Tower Market
• Recovery Scenario of Global Light Tower Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Atlas Copco AB
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Terex Corp
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Generac Power Systems Inc.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Larson Electronics LLC
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Doosan Portable Power
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players
4. Market Segmentation
4.1. Global Light Tower Market by Type
4.1.1. LED Light Tower
4.1.2. Metal Halid Light Tower
4.2. Global Light Tower Market by Power Source
4.2.1. Solar Powered
4.2.2. Diesel Powered
4.2.3. Hydrogen Fuel Powered
4.2.4. Directly Powered
4.3. Global Light Tower Market by End-User
4.3.1. Construction
4.3.2. Oil & Gas
4.3.3. Mining
4.3.4. Industrial
4.3.5. Others Industries
5. Regional Analysis
5.1. North America
5.1.1. US
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Allmand Bros. Inc.
6.2. Aska Equipments Ltd.
6.3. BMI Group
6.4. Chicago Pneumatic
6.5. Colorado Standby
6.6. Inmesol gensets, S.L.
6.7. J.C. Bamford Excavators Ltd.
6.8. Larson Electronic LLC
6.9. Multiquip Inc.
6.10. Olikara Lighting Towers Pvt. Ltd
6.11. Probuilt Professional Lighting
6.12. The Will-Burt Co.
6.13. United Rentals Inc.
6.14. Ver-Mac
6.15. Wacker Neuson Corp
6.16. Wanco Inc.
6.17. Westquip Diesel Sales
6.18. Xylem, Inc.
6.19. Youngman Richardson
1. GLOBAL LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL LED LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL METAL HALID LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY POWER SOURCE, 2021-2028 ($ MILLION)
5. GLOBAL SOLAR POWERED LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL DIESEL POWERED LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL HYDROGEN FUEL POWERED LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL DIRECTLY POWERED LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
10. GLOBAL LIGHT TOWER FOR CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL LIGHT TOWER FOR OIL & GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL LIGHT TOWER FOR MINING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL LIGHT TOWER FOR OTHER INDUSTRIES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
15. NORTH AMERICAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
16. NORTH AMERICAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
17. NORTH AMERICAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY POWER SOURCE, 2021-2028 ($ MILLION)
18. NORTH AMERICAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
19. EUROPEAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
20. EUROPEAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
21. EUROPEAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY POWER SOURCE, 2021-2028 ($ MILLION)
22. EUROPEAN LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
23. ASIA-PACIFIC LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. ASIA-PACIFIC LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY POWER SOURCE, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
27. REST OF THE WORLD LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
28. REST OF THE WORLD LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
29. REST OF THE WORLD LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY POWER SOURCE, 2021-2028 ($ MILLION)
30. REST OF THE WORLD LIGHT TOWER MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL LIGHT TOWER MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL LIGHT TOWER MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL LIGHT TOWER MARKET, 2022-2028 (%)
4. GLOBAL LIGHT TOWER MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL LED LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL METAL HALID LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL LIGHT TOWER MARKET SHARE BY POWER SOURCE, 2021 VS 2028 (%)
8. GLOBAL SOLAR POWERED LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL DIESEL POWERED LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL HYDROGEN FUEL POWERED LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL DIRECTLY POWERED LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL LIGHT TOWER MARKET SHARE BY END-USER, 2021 VS 2028 (%)
13. GLOBAL CONSTRUCTION LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL OIL AND GAS LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL MINING LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL INDUSTRIAL LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL OTHERS LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL LIGHT TOWER MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. US LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
20. CANADA LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
21. UK LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
22. FRANCE LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
23. GERMANY LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
24. ITALY LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
25. SPAIN LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
26. REST OF EUROPE LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
27. INDIA LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
28. CHINA LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
29. JAPAN LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
30. SOUTH KOREA LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
31. REST OF ASIA-PACIFIC LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF THE WORLD LIGHT TOWER MARKET SIZE, 2021-2028 ($ MILLION)
