Light Tower Market size to exceed $4bn by 2026

Light Tower Market size is expected to surpass USD 4 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

Light Tower industry outlook is anticipated to witness strong growth owing to increasing government initiatives for smart city developments along with the rising number of construction projects. Increasing need to perform transportation related construction & maintenance operations during nighttime, specifically in urban areas, with an aim to reduce conflict with the traveling public will stimulate the deployment of light towers. Night construction is extremely hazardous without the existence of proper & efficient lighting. Rising safety concerns in construction sector with an aim to prevent fatal accidents or injuries will positively impact the market outlook.

 

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Introduction of minimum safety standards by respective government including Mine Safety and Health Administration (MSHA) and Standard industrial classification (SIC) with an aim to prevent fatalities at jobsite is set to complement the light tower installation. High equipment cost along with wide availability of cost-efficient alternatives including metal halide structures may adversely affect the light tower deployment. However, positive outlook toward mining, construction & O&G industries along with increasing demand for emergency & disaster relief circumstances is anticipated to complement the market landscape.
 

Stringency in government norms on account of rising awareness toward increasing emissions fueling the light tower industry growth

LED segment of the light tower market will witness appreciable growth on account of introduction of stringent government norms with an aim to limit carbon emissions accompanied by need for energy efficiency equipment. Extended lifespan, easy maintenance, low fuel consumption, and improved performance in harsh weather conditions when compared with available alternatives are a few of the major factors augmenting the light tower adoption. Ongoing R&D activities accompanied by increasing innovations offering emission-less lighting monitored by strict government norms pertaining to workforce safety will strengthen the market scenario.
 

Browse key industry insights spread across 595 pages with 1,292 market data tables & 40 figures & charts from the report, “Light Tower Market Size By Product (Stationary, Mobile), By Lighting  (Metal Halide, LED, Electric), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), By Application (Construction, Infrastructure Development {Highway Construction, Railway Line Construction, Bridge Construction}, Oil & Gas, Mining, Military & Defense, Emergency & Disaster Relief), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/light-tower-market
 

Cost efficiency and easy availability of diesel gensets driving the market growth

Elongated engine lifespan, reliable performance, high flexibility and scalability are a some of the underlying parameters supporting the demand for direct light towers. Cost efficiency & simplicity of operations coupled with round the clock energy availability are the key factors strengthening the market landscape. These units are facing challenges on account of growing access to solar sourced systems and developing hybrid technologies favored by strict emissions standards and environmental regulations. However, easy fuel availability and declining cost on account of effective manufacturing capabilities has sustained the use of light towers.
 

Increasing mining and construction activities set to drive North America light tower market size

Increasing construction activities along with the growing need to operate these sites irrespective of weather & time will sustain the light tower adoption in North America market. Ongoing introduction of minimum efficiency standards coupled with favorable regulatory measures toward the adoption of sustainable systems is set to augment the market landscape. Rising infrastructure investments along with increasing smart city projects will further drive the light tower adoption. Growing construction has led to a growth in fatal casualties on job site on account of poor lighting & ignorance, in turn propelling the market demand.
 

Eminent players operating across light tower market comprise of Aska Equipments, Will-Burt, Generac, LTA Projects, Terex Corporation, Progress Solar Solutions, Wacker Neuson, Atlas Copco, Light Boy Co., Chicago Pneumatic, Doosan, Larson Electronics, Trime, and J C Bamford amongst others. Upsurge in technological innovations coupled with growing M&A’s and joint ventures are few significant initiatives undertaken by major market participants to sustain a competitive edge over other players in the industry.
 

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