27-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Light Tower Market – By Lighting (Electric, LED, Metal Halide, and Others), By Product (Mobile and Stationary), By Technology (Hydraulic Lifting System and Manual Lifting System), By Power Source (Direct, Diesel, Solar, and Others), By Application (Emergency & Disaster Relief, Construction, Mining, Infrastructure Development, Military & Defense, Oil & Gas, and Others), And By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for the light tower market was valued at around USD 3 Billion in 2019 and is expected to touch USD 5 Billion in 2025, growing at a rate of over 6% between 2019 and 2025.
Browse the full “Global Light Tower Market – By Lighting (Electric, LED, Metal Halide, and Others), By Product (Mobile and Stationary), By Technology (Hydraulic Lifting System and Manual Lifting System), By Power Source (Direct, Diesel, Solar, and Others), By Application (Emergency & Disaster Relief, Construction, Mining, Infrastructure Development, Military & Defense, Oil & Gas, and Others), and By Region: Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2025.” Report at https://www.zionmarketresearch.com/report/light-tower-market
Mobile light tower segment is likely to escalate substantially during the forecast period
During the past few years, the demand for installation of mobile towers has surged by over 3%. The segment is likely to follow a similar growth trend throughout the forecast period owing to the escalating needs for lighting in the remote areas. Besides this, the growing activities under mining as well as oil & gas industries will escalate the global market growth, thereby propelling the mobile light tower segment.
LED-technology based light towers segment will lead the global market
LED light tower segment is likely to gain popularity in the forthcoming years owing to the energy efficiency attribute of LED light towers. Moreover, these light towers are considered safe in the mining industry, as the LED system in towers does not comprise any filament that impedes the mining process. Apart from low energy consumption, other attributes that promote the installation of LED light towers are easy maintenance, extended durability, and superior performance in unfavorable weather conditions.
The Asia Pacific will probably hold the maximum share in the global light tower market during the forecast period
Asia Pacific, Europe, and North America will collectively account for over three-fourth of the global light tower market share by 2025. Deployment of light towers is generally favored at mining, construction, and oil & gas sites to ensure safety while performing operations. Owing to the significantly increasing construction projects and growing fatality rate at worksites owing to insufficient lighting conditions in China, the demand for light towers is likely to propel drastically throughout the study timeframe, thereby escalating the Asia Pacific light tower market.
Some of the key players driving the global light tower market are Generac Power Systems, Wacker Neuson Group, Doosan Portable Power, Colorado Standby, The Will-Burt Company, DMI Light Towers, Progress Solar Solutions LLC, Larson Electronics LLC, Trime Srl, Atlas Copco, J C Bamford Excavators Ltd., Light Boy Co. Ltd., Inmesol SL, LTA Projects, Chicago Pneumatic, Aska Equipments Ltd., Youngman Richardson & Co. Ltd., Terex Corporation, and Olikara Lighting Towers.
The global light tower market is segmented as:
Global Light Tower Market: By Lighting Segmentation Analysis
Global Light Tower Market: By Product Segmentation Analysis
Global Light Tower Market: By Technology Segmentation Analysis
Global Light Tower Market: By Power Source Segmentation Analysis
Global Light Tower Market: By Application Segmentation Analysis
Global Light Tower Market: Regional Segmentation Analysis
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