Current Trends in Global Light Tower Market with Future Scope Analysis
The Infinium Global Research analyzes the Light Tower Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global light tower market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of light tower. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the light tower market during the period. The global light tower market is projected to grow at a CAGR of 5.8% over the forecast period of 2019-2025.
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According to the IGR research analysts the key factor driving the growth of the market is the increasing requirement of light towers in the construction and mining industry. The demand for light towers is increasing due to its features such as high-efficient light, durable fixtures resistant to shock, weather-resistant steel cabinets, compact design that allows efficient storage and transport. LED light towers are gaining more acceptance within the construction industry. Light towers with LED fixtures are much more fuel-efficient than those with MH bulbs. The additional run time alone for LED saves handling fuel.
The Diesel-powered Light Towers Segment is Expected to Hold the Largest Share of the Light Tower Market, by Fuel Type, During the Forecast Period
The report gives an in-depth analysis of the global light tower market, focuses on market opportunities along with the trends driving the market. The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth. It provides the market segmentation by light type (LED light tower and metal halide light tower), by fuel type (diesel-powered light tower, solar-powered light tower, and direct powered light tower), by market type (light tower sales, light tower rental), by end-use (construction, mining, oil & gas, and other end-use industries) and by region.
The diesel-powered light towers segment is expected to hold the largest share of the light tower market, by fuel type, during the forecast period. Currently, some latest trends have set the light towers market on fire in terms of technological advancements. Things like electric models, paralleling capabilities, and LED technology are gaining popularity and taking these Jobsite workhorses to the next level.
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Asia-Pacific is Leading the Light Towers Market
Geographically, Asia-Pacific dominates the light tower market due to the consistent growth in the fields of infrastructure development and real estate in the past few years and the construction industry continues to see strong growth. The factors such as growing infrastructure activities such as highway construction, railway line construction, and maintenance, bridge construction is expected to boost the market growth in the future. Upcoming projects such as road improvement, urban metro system, and public parks aligned with the 13th Five-Year Plan’s (FYP) goals of reducing pollution, redeveloping old housing, and promoting the growth of smart cities, would propel the demand for light tower in China.
Main Key Players of the Light Tower Market
The key companies featured in the report Terex Corporation, Generac Power Systems, Inc., Aska Equipments Limited, Atlas Copco, Wacker Neuson SE, LTA Projects, Progress Solar Solutions, Olikara Lighting Towers Pvt. Ltd, DMI Light Towers, LIGHT BOY CO., LTD., and other companies.
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The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of light tower market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the light tower.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.