Global Light Towers Market By Market – Opportunities and Forecast, 2020-2027
Light towers are defined as different mobile light sources that are used at construction sites and mines to facilitate night-time work operations. Light towers are used for lighting up the area of work, which is usually remote and off the main power grid. These light towers have lamps made of metal halide bulbs and the generator uses diesel engines for powering these lamps. In present era, battery-powered lamps, solar-powered lamps, and hydrogen fuel cell lamps are being used as a substitute for halide lamps.
The major factors fuelling the growth of the Light Towers market include the advancements in LED technology, introduction of solar energy and battery-powered towers, and the growing investments in end-use industries. Light towers are majorly employed for outdoor remote operations or locations that are difficult to connect with the main power grid. This makes light tower a vital source of lightning during construction activities. Moreover, remote operations also involve mining operations, emergency, rescue operations, and oil & gas industry operations. The mining and oil & gas sites, being away from main power grid, generate power locally by using heavy-duty generators. The need for light towers in these operations is important for illuminating any desired location onsite for any specific operation. Increasing infrastructure activities such as bridge construction, highway construction, railway line & maintenance, and other civil activities is another driver accelerating the growth of the market. Apart from these operations, emergency and rescue operations are major tasks for police, firefighters, and military. This operation involves working at night in remote locations, therefore generating high demand for the light towers. However, fluctuating prices of crude oil fuels might hinder the growth of the market.
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The major players in the market include Generac Holding Inc, Terex Corporation, Doosan Portable Power, Wacker Neuson Corporation, Atlas Copco Ltd, United Rental Inc, Larson Electronic LLC, Olikara Lighting Towers Pvt. Ltd, and Aska Equipments Limited among others.
The Light Towers market has been segmented based on Market Type, Light Type, Fuel Type, and Key Regions. On the basis of Market Type, the market is segmented into Sales and Rental. Based on Light Type, the market is segmented into Metal Halide and LED. Based on Fuel Type, the market is segmented into Diesel, Solar/Hybrid, and Direct Power. Based on End-User, the market is segmented into Oil & Gas, Mining, Construction, Events & Sports, and Others.
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Key questions answered in this research report:
At what pace is the Global Light Towers market growing? What will be the growth trend in the future?
What are the key drivers and restraints in the Global Light Towers market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Light Towers market?
What are the various fuel types in the Global Light Towers market and how they are poised to grow?
What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
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