The global light tower market is anticipated to grow at a significant CAGR of 7.1% during the forecast period. The increasing use of light tower in the construction, mining, oil and gas, and on other industries , is driving the growth of the light tower market. Due to the sheer rising need for more tough and lasting light towers from industries such as mining and construction, major manufacturers have introduced new heavy-duty variants of tower lights for harsher deployments. Furthermore, movable light towers are gaining popularity due to the numerous advantages provided by them. Apart from these, the rapid infrastructural deveopement and favorable government initiatives for better lighting systems in consutrution industry and in other hazardous conditions further going to increase the market size. Moreover, the introsuction of new product development coupled with minimum cost and less power consumption, by market players can bring new growth opportunities to the market during the forecasted period.
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The COVID-19 pandemic had impacted most of the industries globally.. The spread of the virus led the governments across the globe to impose lockdown that strictly restricted the uses of the vehicle and shut down most of the transportation services for a while. All this led to a decrease in the demand, and production activities in the light tower market.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Light Tower Market by Type
- LED Light Tower
- Metal Halid Light Tower
Global Light Tower Market by Power Source
- Solar Powered
- Diesel Powered
- Hydrogen Fuel Powered
- Directly Powered
Global Light Tower Market by End-User
- Construction
- Oil & Gas
- Mining
- Industrial
- Others Industries
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Allmand Bros. Inc.
- Aska Equipments Ltd.
- BMI Group
- Chicago Pneumatic
- Colorado Standby
- Inmesol gensets, S.L.
- C. Bamford Excavators Ltd.
- Larson Electronic LLC
- Multiquip Inc.
- Olikara Lighting Towers Pvt. Ltd
- Probuilt Professional Lighting
- The Will-Burt Co.
- United Rentals Inc.
- Ver-Mac
- Wacker Neuson Corp
- Wanco Inc.
- Westquip Diesel Sales
- Xylem, Inc.
- Youngman Richardson
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global light tower market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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