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Metal Halide Light Tower Market Size

  • Report ID: GMI7392
  • Published Date: Nov 2023
  • Report Format: PDF

Metal Halide Light Tower Market Size

Metal Halide Light Tower Market was valued at USD 1.6 billion in 2022 and is set to observe around 4% CAGR from 2023 to 2032. The increasing demand for efficient and powerful lighting solutions in construction and infrastructure development projects is a major factor driving business growth. A case in point is the data from the US Census Bureau, indicating a notable increase in the value of new private construction in the U.S., reaching USD 1.4 trillion in 2022 compared to USD 505.3 billion in 2010. This significant upswing in the construction industry aligns seamlessly with the demand for effective lighting, thereby boosting the market growth.

 

Metal Halide Light Tower Market

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Additionally, the rising focus on safety and security in various industries, such as oil and gas, mining, and events management, has fueled the adoption of these towers to ensure well-lit and secure work environments. Furthermore, advancements in technology, such as the development of energy-efficient metal halide lamps and portable, easy-to-deploy light tower designs, contribute to the market's expansion. As industries continue to prioritize productivity, safety, and sustainability, the metal halide light tower business is poised for sustained growth.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of metal halide light tower was crossed USD 1.6 billion in 2022 and is expected to register over 4% CAGR from 2023 to 2032, due to the increasing demand for efficient and powerful lighting solutions in construction and infrastructure development projects worldwide.

Metal halide light tower market revenue from the rental channel segment recorded USD 850 million in 2022 and is expected to register appreciable CAGR from 2023 to 2032, owing to the strong demand for refurbishment projects in residential, commercial, and industrial sectors.

Demand for diesel-powered metal halide light towers is expected to reach over USD 870 million by 2032, due to its exceptional reliability and autonomy along with the ability to provide superior lighting solutions.

Doosan Portable Power, Generac Power Systems, Inc., LARSON Electronics, Atlas Copco AB, Caterpillar, United Rentals, Inc., J C Bamford Excavators Ltd., Multiquip Inc., Wacker Neuson SE, and HIMOINSA are some of the major metal halide light tower companies worldwide.

Metal Halide Light Tower Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 966
  • Countries covered: 19
  • Pages: 710
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