Tier 1 Players Hold 38-41% of Light Towers Market Revenues

Posted on 2019-07-02 by Mark Hub in Industrial // 0 Comments

Rockville, USA, 2019-Jul-02 — /EPR Network/ — According to Fact.MR’s study, healthy recovery of mining activities has worked in favor of the growth of light towers market. According to the United States Census Bureau, mining witnessed one of the highest absolute increases in terms of capital investments, i.e. 75.9 percent from 2006 to 2015. Post a remarkable downfall during first half of the decade, the resurgency in mining sector has worked out in the favor of light tower manufacturers.

The report opines that LED light towers will outsell the halide variants in 2019. The trend toward light-emitting diode (LED) lamps is more evident than ever in the light of cost-effectiveness and enhanced illumination quality as compared to that of traditional metal-halide lighting. Being nearly twice as fuel-efficient as the halide variants, LED light towers have been identified to register the fastest Y-O-Y growth in 2019.

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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.

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.

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 – Notable Highlights

Atlas Copco introduced a renewed version of the exclusive ultra-quiet LED light tower HiLight B5+ light tower in the year 2018. With noise levels as low as 55 dBA, this product is meant to be used for deployment in urban and residential segments
Wacker Neuson SE signed an agreement in the year 2017 to acquire KLC dealership in Slovakia. This strategic move of the organization was aimed at expanding its direct sales network in Europe
Yanmar Holdings Co., Ltd. entered into an agreement in the year 2016 to acquire the German compact construction equipment business of Terex Corporation for approximately US$ 60 million
Generac Holdings Inc. completed its previously announced acquisition of Mexico City-based Selmec Equipos Industriales S.A. de C.V. and its subsidiaries from private equity fund Enesa Energia S.A. de C.V. and Enesa S.A. de C.V. in the year 2018

The report on light towers market also profiles other players operating in the light towers market. These include Terex Corporation, Allightsykes Pty Ltd, Allmand Brothers Inc., Multiquip Inc., Westquip Diesel Sales, The Will-Burt Company, Wanco, Inc., and Inmesol Gensets, S.L.

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