Global Light Tower Market is Projected to Reach US$ 780 Million by 2023

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New report published by QY Research which offers insights on the global Light Tower market. The Light Tower market has been experiencing steady growth graph since past years. In 2017 the global Light Tower market was valued at US$ 760 Million and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 780Million growing at a value CAGR of 0.2% throughout the period of forecast.

Global Light Tower Marketby Type

A light tower is a kind of mobile equipment which has high-intensity electric lamps used in construction, mining, road and bridge construction, emergency and disaster relief, general construction, oil and gas work, special events and other application fields.

Normally the lamps are metal halide bulbs and the generator is powered by a diesel engine.  However, battery-powered, solar-powered and hydrogen-powered sets are available; light towers with electrodeless lamps or LED lighting are also sold. Metal halide lamps Light Tower is the most common type of Light Tower.

Global Light Tower Market: Market Driver and Restraint

Light Tower is used in Road and bridge construction, Emergency and disaster relief, Oil and gas work and Mining.

The varied applications of light towers in remote and rugged locations under unfavorable environment and harsh weather conditions have increased the significance of light towers tenfold. Widely used for construction and repair of rail and motor roads. They are needed in search and rescue operations. They are also highly useful in the construction. Light towers are mobile light sources often used at mines. Also Lighting solutions for airports, stadium, hotels, oil drilling refineries, etc.

Oil and gas work and Mining are the most common application with more than 50% the market totally.

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Global Light Tower Market: Forecast by Region

Europe, North America, ASPC(excluding China), China and Rest of World are the regions that are included in this report. Europe is the dominant market in the global Light Tower market in terms of value. North America is the second largest market. The China market is also expected to expand at a fast rate in terms of revenue over the forecast period due to the steadily increasing demand of Light Tower.

Global Light Tower Market: Key Players

Generac, Terex, Atlas Copco, Doosan Portable Power, Allmand, AllightSykes, Wacker Neuson, Yanmar, JCB, Wanco, Multiquip, Powerbaby, Ocean’s King, Hangzhou Mobow, Ishikawa, Zhenghui, XuSheng Illumination, GTGT and Others

A light tower is a kind of mobile equipment which has high-intensity electric lamps used in construction, mining, road and bridge construction, emergency and disaster relief, general construction, oil and gas work, special events and other application fields.

There are some suppliers from North America, Europe, China and Japan. Among them, the production market share of North America is the largest, followed by Europe.

Generac is the largest player in the light tower industry, accounting for 16.91% revenue market share in 2015. In the light tower industry, Terex and Atlas Copco are also leading players, following Generac.

The main customers of light tower are the companies in many industries like construction leasing enterprises, Construction Company, Mining enterprises and Emergency Relief Department, etc.

The Light Tower market has been experiencing steady growth graph since past years. In 2017 the global Light Tower market was valued at US$ 760 Million and by the end of the assessment year (2023), it is estimated to touch a value more than US$ 780Million growing at a value CAGR of 0.2% throughout the period of forecast.

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