Home > Energy & Power > Electrical Equipment > Light Towers > Hydraulic Lifting Mobile Light Tower Market

Hydraulic Lifting Mobile Light Tower Market Size

  • Report ID: GMI7316
  • Published Date: Nov 2023
  • Report Format: PDF

Hydraulic Lifting Mobile Light Tower Market Size

Hydraulic Lifting Mobile Light Tower Market Size was valued at over USD 2.5 billion in 2023 and is projected to grow at a CAGR of over 7.1% till 2032. The global construction and infrastructure development projects have created a rising demand for efficient and versatile lighting solutions, making hydraulic lifting mobile light towers the preferred choice for illuminating expansive work areas.

 

Hydraulic Lifting Mobile Light Tower Market

To understand key trends  
Download Free Sample
 

According to data from the US Census Bureau, the United States witnessed a significant increase in the value of new private construction, reaching USD 1.4 trillion in 2022, compared to USD 505.3 billion in 2010. This remarkable surge in the construction sector highlights the increasing need for effective lighting solutions, driving the market's growth. The growing emphasis on energy efficiency and environmentally friendly technologies has led to the widespread adoption of LED lighting in these mobile light towers, offering not only cost-effectiveness but also reducing environmental impact. Moreover, the demand for temporary lighting solutions in emergency response, events, and remote locations is propelling market expansion. Additionally, technological advancements have resulted in the development of more portable, durable, and user-friendly hydraulic lifting mobile light towers, further accelerating their adoption across various industries. In summary, the hydraulic lifting mobile light tower industry is expected to continue its growth trajectory due to its adaptability and the escalating demand for efficient and eco-friendly lighting solutions.

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

Market size for hydraulic lifting mobile light tower exceeded USD 2.5 billion in 2023 and will grow record over 7.1% CAGR from 2024-2032 due to the rising number of global construction and infrastructure development projects.

Hydraulic lifting mobile light tower market from LED lighting solutions exceeded USD 1.2 billion in revenue in 2022 and is expected to record over 8% CAGR from 2023-2032 owing to diverse application scope in construction sites, outdoor events, and emergency response scenarios.

Demand for diesel-powered hydraulic mobile light towers is anticipated to exhibit over 5.5% CAGR from 2023-2032 driven by higher adoption in construction, mining, and remote infrastructure projects to offer remarkable reliability and versatility.

North America hydraulic lifting mobile light tower industry size is expected to gain immense traction through 2032 due to the robust construction and infrastructure development activities

Hydraulic Lifting Mobile Light Tower Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 738
  • Countries covered: 19
  • Pages: 555
 Download Free Sample