About Light Towers
Light towers is a part of a mobile equipment, which has one or more high-power electric lamps with mast. The light or light panel is attached to the mast. This mast is fixed or adjustable, which is attached to a trailer having a generator set to power the light panels. The need for lighting in remote operations that involve construction activities (both remote and general), and operations related to the oil and gas or mining industries, and emergency and rescue make light towers a vital equipment in these industries. The market studied is driven by innovations that are focused on providing emission-less lighting, which are monitored by stringent government regulations pertaining to workforce safety. In the recent times, the need for solar-powered lighting towers, to illuminate highly remote and distant villages, has witnessed a significant demand.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Light Towers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Generac Holding (United States), Terex Corporation (United States), Doosan Portable Power (United States), Wacker Neuson (Germany), Atlas Copco (Sweden), United Rental (United States), Larson Electronics LLC (United States), Colorado Standby (United States), Youngman Richardson & Co. Ltd (New Zealand) and JCB (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Inmesol Gensets SL and Xylem Inc..
Segmentation Overview
AMA Research has segmented the market of Global Light Towers market by Type (Metal Halide Lamp and LED Lamp), Application (Road and Bridge Construction, Emergency and Disaster Relief, General Construction, Oil and Gas Work, Special Events and Other) and Region.
On the basis of geography, the market of Light Towers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fuel, the sub-segment i.e. Diesel will boost the Light Towers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Oil & Gas will boost the Light Towers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Purchase Mode, the sub-segment i.e. Sales will boost the Light Towers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Solar and Battery-Powered Light Towers
Market Growth Drivers:
Increasing Investments in End-Use Industries and Advancements in LED Technology
Challenges:
High Cost of Light Towers
Restraints:
Fluctuating Prices of Crude Oil Fuels and High Starting Time
Opportunities:
Untapped African Market
Market Leaders and their expansionary development strategies
In December 2023, Atlas Copco launched the HiLight BI+ 4, its first light tower in the hybrid range. The HiLight BI+ 4 integrates lithium-ion batteries with a low-consumption Stage V diesel engine and can draw power from mains electricity, lithium-ion batteries, the diesel engine, or a hybrid setting.
In July 2023, Atlas Copco has introduced a new ultra-quiet, diesel-driven, LED light tower for use in urban and residential areas. Delivering operating noise levels as low as 55 dBA, the renewed version of the HiLight B5+ light tower is ideally suited to provide illumination at events, temporary public lighting or enhanced visibility at construction sites located near residential areas.
Key Target Audience
Market Manufacturers, Raw Material Suppliers, Research Consultants, Traders, Distributors, and Suppliers, Government & Regional Agencies and Research Organizations and Investment Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.