The global light tower market is anticipated to grow at a considerable CAGR of 7% during the forecast period (2022-2028). One of the key factors that is fueling the market gowth is the growing competitiveness between the market players towards fulfilling the growing market needs. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:
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The increased demand for more rugged and durable light towers from end-user industries such as mining and oil & gas has promoted significant manufacturers to launch newer heavy-duty versions of tower lights for harsher deployment. For instance, in September 2023, Atlas Copco launched the HiLight V5+ LED Light tower which offers fuel savings of up to 65.0%. These light towers are ideal for challenging site conditions such as remote construction sites, outdoor events, infrastructure, road construction, mining, and temporary public lighting installations. The HiLight V5+ includes a HardHat canopy as standard, which ensures maximum protection of internal parts. This range of light towers is perfect for multiple drop applications and provides a robust easy-to-transport set of lighting options that match any site’s requirements.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Light Tower Market Report Segment
By Type
- LED Light Tower
- Metal Halid Light Tower
By Power Source
- Solar Powered
- Diesel Powered
- Hydrogen Fuel Powered
- Directly Powered
By End-User
- Construction
- Oil & Gas
- Mining
- Industrial
- Others Industries
Global Light Tower Market Report Segment by Region
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
- Latin America
- Middle East & Africa
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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