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Electric Mobile Light Tower Market Size

Report ID: GMI8066
Published Date: Feb 2024
Report Format: PDF

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Electric Mobile Light Tower Market Size

Electric Mobile Light Tower Market was valued at USD 398.7 million in 2023 and is set to grow at over 6.1% CAGR between 2024 and 2032. The surge in demand for effective and sustainable lighting solutions in construction, mining, and outdoor events is driving the adoption of electric mobile light towers. Industries and governments with a strong environmental focus are drawn to the ecological advantages of electric-powered systems, which include decreased emissions and reduced noise levels in comparison to traditional diesel-powered alternatives.

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The increasing awareness and focus on mitigating carbon emissions and minimizing environmental impact are guiding industries toward eco-friendly alternatives, and electric mobile light towers are emerging as a notable preference. Ambitious emission reduction targets set by countries, such as the goal to decrease U.S. greenhouse gas emissions by 50-52% below 2005 levels by 2030, attain 100% carbon pollution-free electricity by 2035, and strive for a net-zero emissions economy by 2050, are driving the business expansion.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of electric mobile light tower was reached USD 398.7 million in 2023 and is estimated to grow at a CAGR of over 6.1% through 2032, driven by the surging demand for effective and sustainable lighting solutions in construction, mining, and outdoor events.

Manual lifting segment accounted for over USD 240 million in 2023 and will witness significant traction through 2032, as they offer a versatile and easily deployable source of illumination, catering to various industries and applications with convenience & efficiency.

Allmand Bros., Inc., Atlas Copco AB, Axiom Equipment Group, Boss LTR, Chicago Pneumatic, Generac Power Systems, Inc., Hannaik, Herc Rentals Inc., Italtower srl, LARSON Electronics, TRIME s.r.l. and United Rentals, Inc.