Global Light Towers Market: Soaring Demand Assures Motivated Revenue Share during 2018-2027

Posted on 2019-02-22 by Mark Hub in Industrial // 0 Comments

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A light tower is a piece of mobile equipment integrated with one or more high-intensity electric lamps as well as a mast. Almost in all cases, the lights remain attached to the mast, which is further attached to a trailer, and incorporates a generator that is set to power the lamps.

Fact.MR has recently published a new research study on the light towers market for the forecast period of 2019 to 2027, wherein the growth course of light towers market has been thoroughly analyzed and studied. The report on light towers market offers an end-to-end coverage of all the crucial aspects of light towers market having far-reached impact on growth of light towers market.

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Apart from this, the light towers market report also provides a detailed segmental analysis, wherein all the discrete segments of light towers market have been analyzed in a scrutinized manner.

Tier 1 Players Hold 38-41% of Light Towers Market Revenues, Competitive Offerings Remains a Key Strength

The light towers market is moderately-consolidated landscape, with tier 1 players accounting for nearly 38-41% revenue share. Significant barriers for entering into the market such as high manufacturing costs and stringent environmental regulations have created favorable circumstances for the established players to retain their buoyancy in the light towers market space.

The tier 1 players remain highly attentive toward research and development for offering economically and environmentally responsible products and services in line with the end-user specifications. With mergers and acquisitions being key elements of their strategies, the tier 1 companies also remain oriented toward expansion of customer outreach with seamless product differentiation.

Shift from Traditional Laydown Mast to Vertical Mast Design – A Key Trend for Rental Companies

Companies offering light tower rental services are focusing on meeting end-user demand. With tremendous reformations witnessed by the light towers market in the past few years, the rental companies are vying to keep up with latest trends to get the best returns on their investments. One of such noticeable trends is the shift from traditional laydown mast to vertical mast design.

The vertical mast orientation, on the back of its upright position, facilitates transportation of maximum units per trailer, thereby resulting in reduced shipping costs. Moreover, a vertical mast also entails minimum set-up owing to its upright configuration, which helps in significant savings in terms of time. From the end user perspective, a vertical mast has been equally beneficial as it enhances safe and easy deployment on the job site with no congestion.

Resurgency in Outdoor Construction Spurring Adoption

Lighting requirements for outdoor construction sites are leading to increased adoption of light towers, which enables the workers to carry out their tasks till late evenings in a hassle-free manner. Safety remains one of the key factors necessitating adoption of light towers across outdoor construction sites to facilitate substantial illumination.

While the preference of fixed light towers remain unchanged, deployment of portable light towers is on a consistent rise across multiple construction sites. With the demand for portable light towers witnessing a sharp rise, it is highly evident that competition between the manufacturers will get intensified, in terms of offering the handiest products at affordable rates.

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LED Lights Surge in Popularity with Enhanced Illumination and High Fuel Efficiency

End users, with an objective of having greater coverage of light, are showing a marked preference for LED lights and moving away from metal halide lights. LED lights continue to gain considerable prominence among contractors owing to their exceptional service life and instant on/off capabilities.

Another major feature of LED light responsible for fostering its popularity is longer life cycle as compared to that of a metal halide light, which results in enhanced performance. LED lights are also being highly sought-after on the back of their superlative fuel efficiency, twice as that of metal halide lights, which makes them capable of operating twice as long on the same quantity of fuel.

Light Towers Market Structure

The light towers market has been segmented on the basis of various segments, such as fuel type, light type, end use, and region. By fuel type, the light towers market has been segmented into solar, battery, and diesel. By light type, the light towers market has been segmented into halide and LED. By end use, the light towers market has been segmented into construction, oil & gas, mining, and commercial. The light towers market growth has been analyzed across key regions of North America, Latin America, Europe, China, APEC, and MEA.

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