Home > Energy & Power > Electrical Equipment > Light Towers > Solar Light Tower Market

Solar Light Tower Market Size

Report ID: GMI7180
Published Date: Oct 2023
Report Format: PDF

Download Free Sample

Solar Light Tower Market Size

Solar Light Tower Market was valued at USD 1.7 billion in 2023 and is poised to register more than 7.9% CAGR during 2024 to 2032. The increasing focus on sustainable and eco-friendly lighting solutions, spurred by environmental concerns and the need to reduce carbon emissions. For instance, as per US Census Bureau, in 2022, U.S. witnessed a value of USD 1.4 trillion of new private construction, which increased from USD 505.3 billion in 2010. This substantial rise in construction industry complements the need for efficient lighting, thus propelling the market growth.

To get key market trends

Download Free Sample

Emergency and disaster relief efforts, as well as military and defense applications, also rely on solar light towers for reliable, independent lighting during critical operations. Technological advancements, including more efficient solar panels and energy storage solutions, further contribute to the market's growth, making solar light towers increasingly efficient and cost-effective for a wide range of industries and applications.

Solar Light Tower Market Report Attributes
Report Attribute	Details
Base Year:	2023
Solar Light Tower Market Size in 2023:	USD 1.7 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.9%
2032 Value Projection:	USD 3.4 Billion
Historical Data for:	2019 to 2023
No. of Pages:	715
Tables, Charts & Figures:	990
Segments covered:	Channel, Product, Lighting, Technology, Application
Growth Drivers:	Increasing intensity & frequency of weather-related disasters Rising safety concerns in the construction sector Soaring infrastructural funding Increasing focus on energy efficiency Technological advancements
Pitfalls & Challenges:	High capital, installation & maintenance costs

Learn more about the key segments shaping this market

Download Free Sample

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of solar light tower was worth USD 1.7 billion in 2023 and is projected to observe more than 7.9% CAGR from 2024 to 2032.

The LED lighting segment is expected to witness over 9% CAGR from 2023 to 2032 owing to their enhanced energy efficiency, increased brightness, and improved color accuracy.

The manual lifting technology segment is expected to observe over 7% CAGR from 2023 to 2032 as these units are manually operated, utilizing winches or cranks, making them highly portable, cost-effective, durable, and easy to operate.

Progress Solar Solutions, LLC, Atlas Copco AB, Generac Mobile Products, Larson Electronics, Caterpillar, United Rentals, Inc., Wacker Neuson SE, Trime S.r.l., Colorado Standby, CleanLight, WANCO INC., Biglux Innovation Ltd., Sunbelt Rentals, Inc., National Signal Inc., GREENSKY MOBILE POWER & LIGHT, VERMAC, and Herc Rentals Inc.