Mobile Light Tower Market worth over $10 Bn by 2032

Mobile Light Tower Market size is set to surpass USD 10 billion by 2032, according to a new research report by Global Market Insights Inc.
 

New government initiatives and investments to develop smart city projects and public transport infrastructure will drive the demand for mobile light towers in the coming years. Intensifying emission levels across major cities have prompted the need for green building infrastructure. For instance, in April 2022, the European Commission announced that 100 cities would be participating in the EU Mission of smart and climate-neutral cities by 2030. The plan will undertake issues like clean mobility, green urban planning, and energy efficiency for the participant cities. Apart from this, rising public and private investment would fuel the deployment of mobile light towers in industrial and commercial infrastructure development projects.
 

New green initiatives could hamper the use of diesel-powered mobile light towers

Mobile light tower market size from the diesel power source segment accounted for USD 2 billion in 2022. These systems exhibit low maintenance requirements and are affordable compared to other light towers. Easy availability of diesel in developed and developing countries make this equipment a popular choice among various end-users.
 

Companies are launching new diesel mobile light towers to fulfill increasing product demand. For example, in 2020, Allmand Bros Inc., a subsidiary company of Briggs & Stratton Corporation, launched its new Night-Lite GR-Series light tower range that allows customers to choose from multiple powertrain options like air-cooled diesel, towable chain unit, or gasoline. On the contrary, the entry of green initiatives across some countries would accelerate the adoption of mobile solar light towers, subsequently hampering the demand for diesel-powered models.
 

Increasing uptake of automated hydraulic light tower 

Mobile light tower market from the hydraulic lifting technology segment is set to observe more than 7% CAGR between 2023 and 2032. These systems can be operated with the push of a button, which helps decrease downtime and increase productivity through simple, easy, secure, and quick operation. As these devices are easy to operate and mostly automated, the adoption of hydraulic lifting light towers is expected to increase in the coming years.
 

Initiation of new infrastructure development projects

In terms of application, the mobile light tower market from construction segment recorded nearly USD 1 billion in 2022. An increase in construction activities and swift commercialization across the globe will reinforce the demand for mobile light towers. Government regulations related to health and safety standards will favor the use of mobile light towers across construction sites. Based on estimates, large nations like India, China, and the U.S. have seen a tenfold increase in construction across the residential, commercial, and industrial sectors.
 

Browse key industry insights spread across 1130 pages with 1710 market data tables & 39 figures & charts from the report, “Mobile Light Tower Market Size 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), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2023– 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/mobile-light-tower-market
 

Deployment of solar lighting solutions across the construction sector in Europe

Europe mobile light tower market is poised to witness over 5% growth rate through 2032. New construction projects and mounting efforts to reduce GHG emissions have driven the use of energy-efficient lighting solutions like LED and solar light towers. Government efforts to increase the construction of green building infrastructure will further push the demand for these systems in the coming years.
 

New product launches to boost industry expansion

Some of the key participants operating in the global mobile light tower market are Larson Electronics, HIMOINSA, Atlas Copco AB, United Rentals, Inc., Multiquip, Inc., Wacker Neuson SE, Inmesol gensets, S.L.U., Youngman Richardson, Chicago Pneumatic, Allmand Bros., Inc., DMI, The Will Burt Company, and Olikara Lighting towers Pvt. Ltd. Companies are focusing on business expansion activities through product launches, and mergers, among others.