LED Light Tower Market Trends

LED Light Tower Market Trends

Global economic growth is enhancing the need for construction, mining and infrastructure development activities. The growing investments in the construction industry and the soaring demand for operations across these sites irrespective of weather & time will boost the demand for systems that offer continuous lighting, including LED light towers. For instance, as per the Bureau of Economic Analysis, construction nominal value accounted for 3.9% of the U.S. GDP, totaling to USD 987.9 billion in the second quarter of 2022. Light Towers (LTs) are primarily installed in remote outdoor locations or for operations that are challenging to link with the power grid.
 

Reliability, efficiency, and easy installation are the key factors positively impacting the product demand for military, industry & emergency services. The shifting focus toward environment sustainability, specifically in the developed economies including North America and Europe, is leading to a swift shift from conventional to environment-friendly lighting systems. For example, the adoption of LED light towers is increasing due to their high efficiency and reduced emission levels. The advent of technologically-superior machinery and construction methods along with the increasing strictness in safety standards will positively impact the business scenario.