Light Towers - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Light Towers Market is accounted for $4.06 billion in 2018 and is expected to reach $7.47 billion by 2027 growing at a CAGR of 7.0% during the forecast period. Increasing investments in end-use industries, advancements in led technology, and introduction of solar and battery-powered light towers are likely to boost the growth of the Light Towers market. However, fluctuating prices of crude oil fuels and high starting time are likely to hamper the profit boundaries.
Light towers are a part of mobile equipment, which has one or more high-power electric lamps with mast. The light or light panel is attached to the mast. This mast is fixed or adjustable, which is attached to a trailer having a generator set to power the light panels. Light towers are used for illuminating the area of work, which is usually remote and off the main power grid. Generally, these light towers have lamps made of metal halide bulbs and the generator uses diesel engines for powering these lamps.
Based on fuel, the diesel segment is likely to have a huge demand due to the easy and long reliability of diesel power light towers. In addition, in remote and off-grid applications where access to grid power is non-existent, diesel light towers are increasingly used. By geography, North America is going to have a lucrative growth during the forecast period owing to the increasing investment for oil & gas exploration activities and also the CAPEX spending is the key market driver, where US has a favorable supportive policy for the growth of the sector. This further drives the demand for light towers and creates growth opportunities for all major light tower rental and manufacturers in the region.
Some of the key players in the Light Towers market are the Allmand Brothers, Atlas Copco, Brandon Hire Station, Coates Hire, Doosan Portable Power, Generac Holding, Lambson’s Hire, Nixon Hire, P&I Generators, Terex Corporation, United Rentals, Wacker Neuson, Will-Burt Company, Xylem, and Yanmar.
• Diesel Engine
• Electrodeless Lamps
• LED Lamps
• Direct Power
• LED Light Tower
• Metal Halide Light Tower
• Emergency and Disaster Relief
• Events & Sports
• Oil & Gas
• Road and Bridge Construction
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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