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Mobile Light Tower Market Analysis
- Report ID: GMI4621
- Published Date: Jan 2023
- Report Format: PDF
Mobile Light Tower Market Analysis
Mobile light tower market revenue from the LED lighting segment is expected to reach more than USD 6 billion by 2032. LED bulbs are mostly used in newer model of mobile light towers. These bulbs offer multiple benefits like good performance in harsh weather conditions, longer lifespan, easy maintenance, and energy efficiency. The use of LED lights is expected to remain strong owing to high demand for energy efficient artificial lighting on building sites and other places. Companies specializing in mobile light towers are developing new LED bulb-based equipment models. Take for instance, in December 2022, Ritelite Portable Lighting, a UK-based portable lighting company, launched K45-LITE and K45-ULTRA-LITE LED mobile light towers.
Mobile light tower market from the solar power segment is anticipated to record nearly 8% growth rate between 2023 and 2032. Light towers powered by solar energy are becoming popular impelled by their lesser emissions and cleaner operations. Wide-ranging use of solar technology across various application and supportive government initiatives to promote the use of clean energy solutions would favor light tower market expansion. The aim to reduce carbon footprint and CO2 emissions will accelerate the deployment of these equipment in the coming years. In May 2022, EcoQuip Australia, secured an agreement with BHP Iron Ore Pty Ltd to test its zero emission, EcoQuip Mobile Solar Light Tower (MSLT) to reduce hire/operating costs by circa-40-50% and abate CO2 emissions.
Mobile light tower market size from the oil & gas application segment surpassed USD 600 million in 2022, due to robust demand for petroleum and fossil fuel products worldwide have triggered new mining and exploration activities in the oil and gas sector. Efforts to boost the recovery of hydrocarbon have driven the need for reliable and high-end oil & gas processing infrastructure and equipment. Mounting demand for electric vehicles and battery powered devices would proliferate the deployment of mobile light towers across copper and lithium mines over the coming years.
Asia Pacific mobile light tower market is predicted to observe more than 7% gains through 2032, attributed to the rising residential construction activities across countries like India, China, Japan. According to estimates, India is one of the largest construction markets worldwide and is witnessing large-scale construction of industrial, residential and commercial projects. Tight project deadlines and rapid expansion of road and railway networks would escalate the deployment of mobile light towers across these countries.
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Mobile Light Tower Market Scope
