Light Tower Market Analysis

Light Tower Market Analysis

Light tower market from the rental channel segment is poised to register approximately 6% growth rate through 2032, driven by the mounting production of portable light towers with ease of transport and job site mobility. Since it is often required for limited periods, consumers are shifting their preference toward rented light tower equipment for special events, generation construction, and emergency and disaster relief, among other applications. Furthermore, rapid innovation in light tower technologies and the implementation of stringent environmental safety laws will also promote the procurement of the equipment through rental channels.

Mobile light tower market is slated to depict over 6% CAGR between 2023 and2032, given the increasing availability of various resistant and sturdy light towers with high quality standards. Mobile lighting solutions are also equipped with road and site-tow trailers for use in critical working environments including construction sites. The introduction of government schemes to support infrastructure development will therefore proliferate the use of mobile lighting towers in construction as well as other critical applications.

In terms of lighting, the light tower market from metal halide segment crossed USD 1 billion in 2022, as a result of the strong focus on R&D of low-emission lighting systems due to strict government norms. Varied metal halide light towers are also being designed with an easy-to-understand and clear operating panel. Moreover, rapid advancements in LED lighting technology may lead to a shifting preference toward LED light tower units and consequently limit product deployment in the coming years. The LED mobile light tower market expand at over 6.1% CAGR between 2023 and 2032, due to the escalating infrastructure development projects.

Light tower market share from the infrastructure development application segment predicted to observe nearly 6% gains through 2032, considering the strong focus on the improvement of critical freight movement. Citing an instance, in September 2022, the U.S. government awarded USD 1.5 billion from the INFRA (Infrastructure for Rebuilding America) grant program to support multiple transportation projects across the nation. This funding was intended to cover multimodal freight, highway, and rail projects to ensure the safety and resiliency of transportation systems, eliminate supply chain bottlenecks and enhance freight movements. In addition, the escalating investment in the commercial infrastructure sector is also set to bolster light tower production.

North America light tower market size recorded an installation of over 200,000 units in 2022. This is the result of an increase in construction projects and the high spending on the renovation of disaster-affected infrastructure. According to data from the National Oceanic and Atmospheric Administration, in 2021, the U.S. encountered total damage worth USD 145 billion due to natural disasters. Such factors will increase the influx of investments to rebuild critical infrastructure and in turn, augment the use of light towers across the region.