Light Tower Market Size By Product (Stationary, Mobile), By Lighting (Metal Halide, LED, Electric), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), By Application (Construction, Infrastructure Development {Highway Construction, Railway Line Construction, Bridge Construction}, Oil & Gas, Mining, Military & Defense, Emergency & Disaster Relief), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Jan 2020  |  Report ID: GMI4499  |  Authors: Ankit Gupta, Asmita Semwal

Report Format: PDF   |   Pages: 595   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Light Tower Market size was valued at over USD 2 billion in 2019 and annual installation is anticipated to exceed 700 thousand units by 2026. Increasing investment toward construction and infrastructure development coupled with the rising need to operate these sites irrespective of time and weather will encourage the product adoption.
 

Light Tower Market

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Introduction of stringent government mandates with an aim to promote environment sustainability accompanied by a critical need to reduce emissions and address energy performance improvements is set to complement the light tower market statistics. Moreover, rising demand for refurbishment & modernization of existing industrial buildings and structures will stimulate the product demand.
 

Light Tower Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 2.8 Billion (USD)
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 7.6% 2026 Value Projection: 4.6 Billion (USD)
Pages: 595 Tables, Charts & Figures: 1332
Geographies covered (38): U.S., Canada, Mexico, Germany, U.K, France, Italy, Netherlands, Spain, Russia, Norway, Sweden, Poland, Netherlands, Belgium, Turkey, Finland, Denmark, China, Japan, India, Australia, South Korea, Thailand, Singapore, Malaysia, Philippines, Vietnam, Indonesia, Saudi Arabia, UAE, Qatar, Iran, South Africa, Egypt, Algeria, Brazil, Argentina, Chile
Segments covered: Product, Lighting, Power Source, Technology, Application
Companies covered (17): The Will-Burt Company, Aska Equipments Ltd., Generac Power Systems, Terex Corporation, LTA Projects, Progress Solar Solutions,LLC, Atlas Copco, Wacker Neuson Group, Olikara Lighting Towers, DMI Light Towers¸ Light Boy Co., Ltd., Doosan Portable Power, Chicago Pneumatic, Larson Electronics LLC, J C Bamford Excavators Ltd., Colorado Standby, Youngman Richardson & Co. Ltd., Trime Srl, Inmesol SL
Growth Drivers:
  • Rising safety concerns in construction sector
  • Increasing focus toward energy efficiency
  • Technological advancements
Pitfalls & Challenges:
  • High equipment cost

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Growing frequency of fatal accidents specially during night construction has encouraged the mobile light tower industry growth

Mobile light tower market segment witnessed a growth of over 3% from 2016 to 2019. Rising need for lighting in remote locations that involve construction activities and operations related to the O&G and mining industries will augment the market growth.
 

Growing frequency of fatal accidents specially during night operations coupled with availability of wide range of tough & resistant mobile equipment with high quality standards will encourage the product installation. These light towers are equipped with distinct kinds of road and site-tow trailers for utilization in the critical working environments.
 

Reliability, efficiency and easy installation are some of the key factors positively impacting the light tower market analysis for military and emergency services. Moreover, the equipment are ideal for usage in areas where illumination requires to be frequently re-positioned, in turn, strengthening the industry outlook. Further, improved efficiency, ongoing technological advancements and declining cost on account of effective manufacturing capabilities are few key factors complementing the light tower adoption.
 

Ongoing R&D and innovations focused toward offering emission-less lighting monitored by strict government norms will drive the LED segment of light tower market

LED light tower segment will grow on account of rising focus toward environment safety along with the need to adopt energy efficient and low emission structures. LED lamps does not contain any filaments that increases the resistance to vibrations which is a crucial element in mining industry.
 

Low fuel consumption, extended lifespan, easy maintenance, and better performance in harsh weather are some of the major factors stimulating the light tower adoption. High equipment cost might affect the overall demand adversely, however, introduction of energy efficiency norms will complement the global market share.
 

Solar based light tower equipment witnessing an ongoing consumer shift toward energy efficient units

UK Light Tower Industry By Power Source

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Rising emission rate accompanied by the introduction of stringent government norms and provision of tax credits to adopt renewable systems will drive the demand for solar based light towers industry. Ongoing consumer shift toward smarter units owing to their economic viability & operational suitability will complement the market scenario.
 

Shifting focus toward environment safety along with increasing demand for green alternatives including hybrid technologies will stimulate the light tower demand. Introduction of subsidies for solar panels & rising utilization of these panels to reduce carbon footprint will further strengthen the market trends.
 

Ongoing technological enhancements accompanied by retrofitting of conventional light towers is driving the hydraulic segment of the market

Hydraulic light tower market segment will witness growth owing to increasing focus toward automated technology and easy-to-use systems. These systems can be raised or lowered at the touch of a button that reduces the downtime, in turn, increasing the productivity via simple, safe and quick operation.
 

In addition, hydraulic masts are an optimum solution for utilization in a time sensitive rental project. Moreover, the advent of technologically superior machinery and construction methods along with increasing strictness in safety standards will complement the market demand.
 

Tough working conditions in O&G and mining applications boosting the market growth

South Africa Light Tower Market By Application

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Upsurge in infrastructural investment primarily owing to rapid transport development and refurbishment of existing structures will positively impact the light tower market share. In addition, tough working conditions in oil & gas and mining applications coupled with focus toward durable lighting solutions will continue to drive the marketoutlook.
 

Moreover, rising emphasis on the reduction of energy bill along with energy-saving potential through digitalization is set to complement the light tower installation. The presence of strong distribution channels and networks have amplified the ease of access to lighting units, in turn, boosting the market growth.
 

Asia Pacific market set to grow at the fastest rate

India Light Tower Market By Lighting

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North America, Europe and Asia Pacific will dominate the overall market accounting for over 80% share in 2026. Light towers are commonly deployed in construction, O&G and mining sites to ensure safe and reliable operation. Rapid industrialization along with promising construction sector growth is anticipated to drive the market size.
 

The regions are characterized by the presence of a growing urbanization, robust service sector & limited access to electricity. Increasing mining & construction activities coupled with highly active O&G sector will positively impact the light tower installation.
 

For Asia Pacific, China will lead the overall market share with over 8% CAGR up to 2026. Rising construction activities is leading to a growth in fatalities on work site owing to poor lighting and ignorance. As per the Association of Workers’ Compensation Boards of Canada (AWCBC), there were 951 accounted workplace casualties across Canada in 2017, an increase from 904 in 2016 & 852 in 2015. Growing fatal injuries on jobsite coupled with introduction of numerous work safety measures is anticipated to strengthen the business growth.
 

Development of strong distribution channels acting as the focal point of market players

There is a high level of forward distribution prevailing between installers & manufacturers which along with distributors delivers the finished light towers to the installers who further offer after sales services to end consumers. The prime industry participants are focusing toward backward integration to maintain economies of scale & quality standards and increase their market share.
 

Key market participants comprise Will-Burt, Aska Equipments, Generac, Terex, LTA, Progress Solar Solutions, Atlas Copco, Wacker Neuson, Light Boy, Doosan, Chicago Pneumatic, Larson Electronics, and Trime amongst others.
 

Light tower market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2015 to 2026, for the following segments:
 

By Product

  • Stationary
  • Mobile

By Lighting

  • Metal Halide
  • LED
  • Electric
  • Others

By Power Source

  • Diesel
  • Solar
  • Direct
  • Others

By Technology

  • Manual Lifting System
  • Hydraulic Lifting System

By Application

  • Construction
  • Infrastructure Development
    • Highway Construction
    • Railway Line Construction
    • Bridge Construction
    • Others
  • Oil & Gas
  • Mining
  • Military & Defense
  • Emergency & Disaster Relief
  • Others

The above information has been provided for the following regions and country:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Norway
    • Sweden
    • Poland
    • Netherlands
    • Belgium
    • Turkey
    • Finland
    • Denmark
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Thailand
    • Singapore
    • Malaysia
    • Philippines
    • Vietnam
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Iran
    • South Africa
    • Egypt
    • Algeria
  • Latin America
    • Brazil
    • Argentina
    • Chile
       

Frequently Asked Questions (FAQ) :

Increasing investment in construction sector coupled with the rising need to operate these sites irrespective of time and weather is fueling the industry growth.
Global industry size for light tower will register over 7.6% CAGR from 2020 to 2026, according to a new report published by Global Market Insights, Inc.
Will-Burt, Aska Equipments, Generac, Terex, LTA, Progress Solar Solutions, Atlas Copco, Wacker Neuson, Light Boy, Doosan, Chicago Pneumatic, Larson Electronics, and Trime are top companies operating in the global market for light tower.

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