27 Jun 2019 - The Global Light Tower
Market is estimated to grow at a
CAGR of 3.8% over the forecast period as the scope and its applications are
rising enormously across the globe. A tall structure fitted with electric
lights, typically used for outdoor brilliance is known as light tower. The
light tower is an exclusive product designed to deliver efficient, reliable,
and practical lighting solutions for industry, military, law implementation,
the emergency services and a variety of other users.
Light
tower is a strong, dependable and rapidly deployable unit that has been tried
and tested globally under the toughest conditions and consistently delivered
flawless performance. Light tower is a simple yet reliable lighting unit,
consisting of an adjustable tube of semitransparent light diffusing material
and generator unit. The light tower can be powered by its own fuel-efficient
4-stroke generator or may connect to mains power (240volt/50Hz).
Light
Tower Market is segmented based on fuel type, light type, end user, and region.
Direct–Powered, Diesel–powered, and Solar–Powered are the fuel types that could
be explored in Light Tower in the forecast period. The Diesel–powered sector
accounted for the substantial market share of Light Tower and is estimated to
lead the overall market in the coming years. this may be because of low
maintenance, easy accessibility of fuel, high consistency of diesel generator
sets, and high storage capacity.
LED,
Electrodeless Lamps, and metal halide are the light type that could be explored
in Light Tower in the forecast period. The LED sector accounted for the substantial
market share of Light Tower and is estimated to grow at highest CAGR in the
coming years. This may be because of government initiative by providing
subsidies for solar panels and rising use of solar panels may reduce carbon
footprint.
The
market may be categorized based on end users like mining, construction, oil
& gas, and others that could be explored in the forecast period. The
construction sector accounted for the substantial market share of Light Tower
and is estimated to lead the overall market in the coming years. This may be
because of rising demand for portable light towers, growing construction
industry in developing countries, and rising investment in the construction
sector from kay manufacturers.
Globally,
Asia Pacific accounted for the substantial market share of Light Tower and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be developing construction industry and high
investment in construction sector by manufacturers in the developing countries.
The developing countries like India and China are the major consumers of Light
Tower in this region. North America and Europe are also estimated to have a
positive influence on the future growth. North America is the second largest
region with significant market share. The key players of Light Tower Market are
Wacker Neuson, Generac Holding, Inc., Atlas Copco, Terex Corporation, and
Doosan Corporation. These players are concentrating on inorganic growth to
sustain themselves amongst fierce competition.
Market Segment:
Key Applications
•
Construction
•
Mining
•
Event
•
Emergency Work
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key Vendors
•
AllightPrimax
•
Allmand Bros
•
Atlas Copco
•
Doosan
•
Generac
•
Himoinsa
•
Terex Corporation
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