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Europe Light Tower Market Size

Report ID: GMI8750
Published Date: Mar 2024
Report Format: PDF

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Europe Light Tower Market Size

Europe Light Tower Market size was accessed at USD 1.7 billion in 2023 and is projected to grow at a CAGR of 5.8% by 2032, propelled by infrastructure development, necessitating outdoor lighting solutions. The construction industry across Europe is one of the major contributors to the region’s economy and constitutes approximately 9% of the Europe’s GDP, as per the European Commission, which in turn boosts the product deployment.

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Energy-efficient technologies like LED lights are gaining traction due to environmental regulations. Industrial sectors such as oil, gas, and mining require reliable lighting for operations, fueling market growth. Additionally, the rise in outdoor events like concerts and festivals drives demand for portable lighting setups.

Europe Light Tower Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe Light Tower Market Size in 2023:	USD 1.7 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.8%
2032 Value Projection:	USD 2.9 Billion
Historical Data for:	2019 to 2023
No. of Pages:	120
Tables, Charts & Figures:	748
Segments covered:	Channel, Product, Lighting, Power Source, Technology, Application
Growth Drivers:	Rising safety concerns in the construction sector Soaring infrastructural funding Increasing focus on energy efficiency Technological advancements
Pitfalls & Challenges:	High capital, installation & maintenance cost Shifting trends toward renewable energy

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for light tower in Europe reached USD 1.7 billion in 2023 and is set to expand at a rate of 5.8% through 2032, propelled by infrastructure development, necessitating outdoor lighting solutions.

Europe light tower rental market is anticipated to reach over USD 1.6 billion by 2032, driven by the increasing preference among end-users for flexible and cost-effective solutions.

Germany market is projected to cross USD 400 million by 2032, owing to robust construction industry, fueled by infrastructure development projects and urbanization initiatives.

Atlas Copco, Chicago Pneumatic, Caterpillar, Doosan Portable Power, Generac Power Systems, Inc., HIMOINSA, Inmesol gensets, S.L.U., JC Bamford Excavators Ltd., Larson Electronics, Light Boy Co., Ltd., Luxtower, Multiquip, Inc., The Will Burt Company are some of the major industry contenders.