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Light Towers - Global Market Outlook (2018-2027)

Light Towers - Global Market Outlook (2018-2027)

4.6 (89 reviews)
Published: December 2019 ID: SMRC18832
4.6 (89 reviews)
Published: December 2019 ID: SMRC18832

This report covers the impact of COVID-19 on this global market

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.

Products Covered:
• Battery
• Diesel Engine
• Electrodeless Lamps
• Hydrogen
• LED Lamps

Fuels Covered:
• Diesel
• Direct Power
• Solar/Hybrid

Lights Covered:
• LED Light Tower
• Metal Halide Light Tower

Markets Covered:
• Rental
• Sales

End-Users Covered:
• Emergency and Disaster Relief
• Events & Sports
• Mining
• Oil & Gas
• Road and Bridge Construction
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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