Light Towers Market Projections & Future Opportunities Recorded for the Period until 2027

Posted on 2019-10-04 by Mark Hub in Industrial // 0 Comments

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

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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.

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.

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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.

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- Definition

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.

Light Towers Market- About the Report

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.

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.

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.

Light Towers Market- Additional Questions Answered

Apart from the aforementioned insights on light towers market, the report on light towers market goes an extra mile by featuring the answers to some of the additional questions that might be of greater use for the readers. Some of the additional questions addressed in the light towers market include-

Based on fuel type, which type is likely to gain utmost popularity in the light towers market?
By light type, which light type will be the fastest in terms of growth in the light towers market?
Which will be the largest end user segment in the light towers market?
What are the prevalent trends in the light towers market having deep-rooted influences on the growth of light towers market?
What are some of the untapped opportunities for consideration by the market players of light towers market to gain sustainable profits?

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Light Towers Market- Research Methodology

The light towers market report includes a thorough and detailed description of the research methodology used for procuring insights apropos of light towers market. The primary research phase in the light towers market incorporates active interviews and interactions held with industrial experts and domain-specific analysts to attain useful intelligence on light towers market. Moreover, the secondary research phase in the light towers market research methodology entails an in-depth study of all the crucial aspects related to growth of light towers market from a multitude of credible sources, including paid databases, published particulars, news and articles, and various other sources.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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