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Light Tower Rental Market Analysis
- Report ID: GMI5822
- Published Date: May 2023
- Report Format: PDF
Light Tower Rental Market Analysis
LED light tower rental market share will grow at 7.5% through 2032. Low fuel consumption, ease of maintenance, high energy efficiency, longer lifespan, and excellent performance in extreme weather conditions have increased the demand for LED lights in the light tower market. Moreover, growing advancements in LED lighting technology are further supporting segment expansion.
The light tower rental market size from the diesel segment held over USD 1 billion in 2022. The easy availability and low maintenance of diesel-powered light towers have increased their demand. These systems also provide efficient and reliable diesel generator sets with a high storage capacity. Moreover, many companies are working towards launching diesel-powered light towers with enhanced capabilities, which will create a favorable growth environment for the industry.
Asia Pacific light tower rental market size will cross USD 1.5 billion by 2032. Expanding construction sector has increased the demand for light tower rental services in the region. According to Invest India, the construction sector in the country may reach USD 1.4 trillion by 2025. Moreover, a favorable regulatory scenario for the adoption of sustainable lighting systems is further contributing to regional market growth.
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Light Tower Rental Market Scope
