What is the present valuation and projected CAGR of the light towers market?
The light towers market size has grown steadily in recent years. It will grow from $5.26 billion in 2024 to $5.52 billion in 2025 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to rapid industrialization, strong economic growth in emerging markets, a rise in disposable income, and growth in the construction sector.
The light towers market size is expected to see steady growth in the next few years. It will grow to $6.64 billion in 2029 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to rising urbanization, increasing investment for light tower operation, increasing investment in infrastructure development projects, and an increase in oil and gas production and exploration activities. Major trends in the forecast period include focusing on fuel saving for the sustainable use of resources, increasingly focusing on developing light towers using solar radiation as an energy source, providing silent and cleaner operations, focusing on product innovations, focusing on the launch of light towers with monitoring sensor to improve overall equipment effectiveness (OEE) on the production line.
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What key drivers have fueled the light towers market’s development over the years?
Increased infrastructure activities are significantly contributing to the growth of the light tower market. Light towers are usually used on mining sites, accident sites, construction sites, rescue solutions, and others. Light towers are very useful equipment on infrastructure construction sites such as railways, highways, or roadways, sewers, power lines, and other infrastructure projects during night operations in remote places where insufficient light is present and good illumination is required. Light towers on construction sites increase the safety of workers and productivity. For instance, in April 2023, according to the Department for Science, Innovation and Technology, a UK-based government department, through Project Gigabit, the UK government is investing £5 billion ($5.39 billion) to expand gigabit broadband access to at least 85% of premises by 2025 and over 99% by 2030. Additionally, a £1 billion ($1.07 billion) agreement with mobile network operators aims to increase 4G coverage to 95% of the UK landmass by 2025, with the potential for 5G adoption to boost productivity by £159 billion by 2035. Therefore, the increasing infrastructure activities drive the growth of the light tower market.
What is the segmentation for the light towers market?
The light towers market covered in this report is segmented –
1) By Product: Stationery, Mobile
2) By Fuel Type: Solar or Hybrid, Diesel, Direct Power
3) By Technology: Manual Lifting, Hydraulic Lifting
4) By Lighting: Metal Halide, LED, Electric
5) By End-User: Oil & Gas, Mining, Construction, Events & Sports, Other End Users
Subsegments:
1) By Stationery: Diesel-Powered Stationery Light Towers, Solar-Powered Stationery Light Towers, Hybrid Stationery Light Towers, Electric-Powered Stationery Light Towers
2) By Mobile: Diesel-Powered Mobile Light Towers, Solar-Powered Mobile Light Towers, Hybrid Mobile Light Towers, Electric-Powered Mobile Light Towers
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Who are the most influential companies in the light towers market?
Major companies operating in the light towers market include Atlas Copco, Generac Holdings Inc, Wacker Neuson Group, Terex Corporation, JLG Industries Inc, Doosan Portable Power, The Will-Burt Company, INMESOL S.L.U, Olikara Lighting Towers Pvt, United Rentals Inc, Eneraque, Larson Electronics, Trime UK, Wanco Inc, Milspec Generac Mobile, PR Power, Robuster Lighting, Briteforce, Southern Cross Industrial Group, JLG Lighting Towers, Rishabh Engineering Company, Red Mobile Light Tower Generators, Lighttec India Ref Mobile Light By Ajanta Export Industries, Diamond Member, Audited Supplier Fujian, Fire Truck Mounted Mobile Telescopic Mast Lighting
What are the top industry trends projected to impact the light towers market?
New product development is the key trend being followed by the companies operating in the light tower market. This is due to the presence of a large number of light tower manufacturing companies as well as their extending their growth in new areas to be a leader in the market. For instance, in January 2024, Generac, a US-based manufacturer of backup power generation products, introduced the GLT Series of lighting towers. This new series focuses on improved performance and energy efficiency, making it ideal for a range of applications, from construction sites to events. The GLT Series showcases Generac’s dedication to innovation and sustainability, incorporating state-of-the-art technology to cater to the evolving needs of modern lighting solutions. This launch is part of Generac’s larger strategy to establish itself as a leader in the portable power and lighting market.
What are the major regional insights for the light towers market, and which region holds the top position?
The countries covered in the light towers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
What Does The Light Towers Market Report 2025 Offer?
The light towers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Light towers are mobile equipment consisting of high-intensity electric lamps and masts, along with a trailer attached to it with a generator setup at the back to power the bulbs when insufficient artificial or natural light is present. In light towers, power is usually generated from diesel, solar energy, batteries, or hybrid methods to illuminate bulbs. Light towers are used in construction, infrastructure development, the oil and gas industry, mining, the military and defense, as well as in emergency and disaster relief.
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