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Light Tower Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Light Tower Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Light Tower Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 22 Jun 2020
  • Report ID: ICT&S 0031
  • Pages:197
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

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.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Light Tower Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Light Tower Market -Industry Snapshots

6.1             Overview

6.1.1          Global Light Tower Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Light Tower Market Analysis, by Type

7.1             Overview

7.2             Key Findings for Light Tower Market- By Type

7.2.1          Light Tower Market- Sales

7.2.2          Light Tower Market- Rental

Chapter 8           Global Light Tower Market Analysis, by Light Type

8.1             Overview

8.2             Key Findings for Light Tower Market- By Light Type

8.2.1          Light Tower Market- Metal Halide

8.2.2          Light Tower Market- LED

Chapter 9           Global Light Tower Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Light Tower Market- By End User

9.2.1          Light Tower Market- Construction

9.2.2          Light Tower Market- Oil & Gas

9.2.3          Light Tower Market- Mining

9.2.4          Light Tower Market- Events & Sports

9.2.5          Light Tower Market- Others

Chapter 10       Light Tower Market Analysis by Region

10.1           Key Findings for Light Tower Market- By region

10.2           Overview

10.2.1       Global Light Tower Market Analysis, By Type, 2019 – 2028

10.2.2       Global Light Tower Market Analysis, By Light Type, 2019 – 2028

10.2.3       Global Light Tower Market Analysis, By End User, 2019 – 2028

10.3           Light Tower Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Type

10.3.6       North America Market, By Light Type

10.3.7       North America Market, By End User

10.4           Light Tower Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Type

10.4.8       Europe Market, By Light Type

10.4.9       Europe market by, End User

10.5           Light Tower Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Type

10.5.7       Asia Pacific Market, By Light Type

10.5.8       Asia Pacific Market, By End Use

10.6           Light Tower Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Type

10.6.6       South America, Middle East and Africa Market, By Light Type

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           The Will-Burt Company

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Atlas Copco

12.3           Wacker Neuson Group

12.4           Olikara Lighting Towers

12.5           Aska Equipments Ltd.

12.6           Generac Power Systems

12.7           Terex Corporation

12.8           LTA Projects

12.9           Progress Solar Solutions,LLC

12.10        Doosan Portable Power

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

 

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