Light Tower Market worth 2.72 Billion USD by 2022,at a CAGR of 6.1%.

The global “Light Tower Market” is projected to grow at a CAGR of 6.1% from 2017 to 2022, to reach a market size of USD 2.72 Billion by 2022. This growth is mainly attributed to a speedy growth in the construction industry, especially in developing nations of the Asia-Pacific region, growing investment in the oil & gas sector, and restart of investment in the mining industry.

The report segments the light tower market based on fuel type in to diesel-powered light tower, solar-powered light tower, and direct-powered light tower. The diesel-powered light towers are widely used in construction, mining, and oil & gas industry due to high reliability of diesel generator sets, easy availability of fuel, ease of storage of fuel, longer running time, and simple maintenance. Due to these reasons, the   diesel-powered light tower segment is projected to dominate the light tower market during the forecast period. However, due to growing pressure on the environment, the solar powered light tower market is expected to grow at a higher pace during the forecast period.

A rapid growth in the construction sector, especially in the Asia-Pacific region is expected to drive the light tower market. Countries such as China and India are investing heavily in developing transport infrastructure to support growth of their economies, and is expected to drive the construction end-user segment during the forecast period.

The light tower market is segmented based on light type LED light tower and metal halide light tower. The LED light towers are expected to grow with a relatively high CAGR from 2017 to 2022. The key driving factor for this segment is increasing implementation of solar panels to reduce carbon footprint, government regulations & subsidies for solar panels, and LED lighting. Eco environment friendly policies are expected to drive the LED light tower market from 2017 to 2022.

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Asia-Pacific is the largest market by size and is estimated to grow at the highest rate due to rapid growth in the construction industry, especially in China. High investments in the construction sector in China has created a demand for portable light towers. Asia-Pasic is home to many developing nations such as India, Indonesia, Taiwan, and Malaysia. All these nations are focusing on developing their infrastructure which in turn is expected to drive the demand for light tower in the Asia-Pacific region.

Target Audience:

• Light tower manufacturing companies
• Raw material suppliers, light tower component manufacturers
• Government and research organizations
• National and local government organizations
• Institutional investors
• Associations

Scope by End-User Industry:

• Construction
• Oil & Gas
• Mining
• Others

Major suppliers for light towers include Generac Holding, Inc. (U.S.), Atlas Copco (Sweden), Doosan Corporation (South Korea), Terex Corporation (U.S.), and Wacker Neuson (Germany).