A light tower is a part of mobile equipment with one or more high-intensity electric lamps and a mast. The lights are attached to the pole attached to a trailer, with a generator set to power the lamps. Usually, the lamps are metal halide bulbs, and a diesel engine powers the generator. However, battery-powered, solar-powered, and hydrogen-powered sets are available. Light towers with electrodeless lamps are also popularly used. Light towers are used for construction activities. They are also employed for other activities where temporary, robust and outdoor illumination is required in the sectors such as mining, motion picture production, emergency services, demolition, oil refining, sport, and agricultural industries. According to a study published by Insure Insights, the global light tower market is anticipated to grow at a CAGR of 4.3% during the forecast period.

Top Driver: Rapid Infrastructure Development in Emerging Economies and Growing Safety Concern

The global light tower market is expected to exhibit healthy growth during the forecast period owing to the rapid infrastructure development in emerging economies such as India and China. On the other hand, safety measures during work at night times have also become a significant factor considered at present. This has positively impacted the demand growth of light towers, playing a vital role in implementing night work safety procedures. Hence, non-glare light towers are preferred alternatives for conventional, low-intensity makeshift bulbs installed on reinforcement bars at construction sites.

Rental Segment to Contribute to be the Largest Market Share

The global light tower market could be segmented on the basis of type as sales and rental. The rental segment accounted for the largest market share owing to the growing demand for light towers in regions like North America and Asia Pacific. Also due to the lesser capital requirements to set up these towers is also expected to anticipate the segment in the forecast period. On the basis of light type the market is segmented into metal halide and LED. On the basis of end use the market is segmented into Construction, Oil & Gas, Mining, Events & Sports, Others.

Rising Investments in to Benefit Asia Pacific Market

The rapidly increasing infrastructure activities particularly in the developing countries of Asia and Pacific are expected to help the industry flourish in the region. The recent up gradation by the implementation of smart city programs in India boosting number of construction projects which in turns is anticipated to propel light tower market. The surge in the drilling activities in the North America region is projected to fuel the demand for light towers during the forecast period. The surge in mining activities in various countries is also responsible for the increasing demand of light towers during the forecast period .

Players to Focus on Light Tower Market

The market is expected to stay fragmented with the increase in the number of new entrants in the coming years. The Will-Burt Company, Atlas Copco, Wacker Neuson Group, Olikara Lighting Towers, DMI Light Towers¸ Light Boy Co., Ltd., Aska Equipments Ltd., Generac Power Systems, Terex Corporation, LTA Projects, Progress Solar Solutions,LLC, Doosan Portable Power, Chicago Pneumatic, Larson Electronics LLC, and J C Bamford Excavators Ltd.

Atlas Copco: In January 2018, Atlas Copco had launched three new electric plug-and-light LED light towers to the U.S. market at World of Concrete 2018 in Las Vegas. The HiLight P2+, V2+ and V3+ light towers can be powered directly from an auxiliary power source, a portable generator or the grid. The three energy-efficient additions offer easy portability, safe transportation and durability.

Husqvarna Group: In October 2019, Husqvarna Group’s Construction Division had acquired the Concrete Power Trowel business from Wacker Neuson Group.

Scope of the Report

By Type

• Sales
• Rental

By Light Type

• Metal Halide
• LED

By End-User

• Construction
• Oil & Gas
• Mining
• Events & Sports
• Others

By Region

• North America
• Europe
• Asia Pacific
• SAMEA

Key Reasons to Purchase this Report

1. It provides a technological development map over time to understand the growth rate of the industry.
2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
3. It renders definite analysis for changing competitive dynamics.
4. It builds a seven-year estimate based on how the market is predicted to grow.