Mobile Light Tower Market size to exceed USD 2bn by 2026

Mobile Light Tower Market size is expected to surpass USD 2 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

Mobile Light Tower industry is set to grow on account of rising government initiatives with an aim to support smart city developments coupled with the increasing number of construction projects. Growing need to accomplish transportation related maintenance and construction operations at all times to limit conflict with the traveling community will complement the deployment of mobile light towers. Night-time construction is extremely unsafe without the existence of efficient & proper lighting. Moreover, rising safety concerns in the construction industry to prevent fatal injuries or accidents is set to strengthen the market outlook.

 

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Outbreak of COVID- 19 pandemic, popularly known as coronavirus has adversely affected the global economy. It has delayed a wide array of projects including infrastructural development, modular & stick-built homes, and restructuring & renovation projects, further impacting the business landscape. The requirement for massive investments to combat the pandemic along with the chronic imbalance between demand & supply in the housing stock may further challenge the lighting tower adoption. However, the firms are adopting creative & resourceful methods to recruit workforce with an aim to meet their production needs.
 

Ongoing introduction of basic safety standards & policies by respective government comprising Standard Industrial Classification (SIC) and Mine Safety & Health Administration (MSHA) to prevent injuries at jobsite will stimulate the mobile light tower installation. High component cost coupled with widespread availability of cost-efficient substitutes comprising metal halide lights may adversely affect the mobile light tower demand. However, positive outlook toward construction, mining and O&G industry coupled with rising demand for emergency and disaster relief situations is set to enhance the mobile light tower market landscape.
 

The stringency in government norms owing to rising awareness toward growing emissions fueling the mobile light tower industry demand

LED-based mobile light tower market will experience an appreciable upsurge owing to the introduction of strict government norms & directives with an aim to combat GHG emissions accompanied by requirement for energy efficiency component. Low consumption of fuel, extended lifespan, improved performance in severe weather conditions, and easy maintenance are few of the prime factors stimulating the mobile light tower adoption.
 

Browse key industry insights spread across 545 pages with 1,105 market data tables & 40 figures & charts from the report, “Mobile Light Tower Market Forecasts 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 – 2026in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mobile-light-tower-market

 

Cost efficiency & easy availability of diesel generator sets augmenting the mobile light tower market trends

High flexibility & scalability, reliable performance and elongated engine lifespan are some of the fundamental parameters driving the demand for direct mobile light towers. In addition, cost efficiency and simple operations along with round the clock energy accessibility are major factors complementing the market landscape. These components are facing challenges owing to increasing access to solar sourced towers and development of hybrid technologies favored by stringent emissions standards regulations. However, declining product cost owing to effective manufacturing capabilities and easy fuel availability will continue to sustain the usage of mobile light towers.
 

Increasing mining & construction activities projected to enhance North American industry size

Growing construction activities coupled with the increasing need to run these sites regardless of time & weather will drive the North America mobile light tower market share. Introduction of minimum energy efficiency standards along with favorable regulatory measures to adopt sustainable components is anticipated to strengthen the business landscape. Further, growing infrastructure investments coupled with rising smart city projects will boost the light tower adoption.
 

Eminent players operating across mobile light tower market includes 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. Surge in technical innovations along with rising M&A’s & joint ventures are some of the substantial initiatives commenced by major market players to withstand a competitive edge over other participants in the industry.
 

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