Light Tower Market: Global Analysis of Key Manufacturers, Dynamics & Forecast 2021-2027 The light tower market is set to witness notable growth by 2027 owing to mounting construction and infrastructure activities in key regions around the world. In addition, increasing preference for energyefficient lighting solutions is expected to foster market expansion through the forecast timeline. Sufficient lighting is essential across various industries, especially the building and construction industry. Get sample copy sample/detail/4499
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Light towers provide necessary illumination in construction sites, fuel refineries, stadiums, and demolition work sites, among other industrial segments. Moreover, portable/mobile light towers are extensively used in remote areas with poor lighting infrastructure. Light towers typically comprise of a mast, one or more high-intensity electric lamps, and a generator to power the lamps. Surging demand for energy-efficient and sustainable power alternatives has stimulated the production of battery-, solar-, and hydrogen-powered light towers. Furthermore, industry players are adopting strategic initiatives to fortify their market standing, which has been favorable for the global business scenario. For instance, in September 2021, TRIME, a leading designer and manufacturer of light towers, and Bruno Generators Group (BGG), a major manufacturer of generators, announced the joint acquisition of FTG Equipment Solutions, a U.S.-based distribution company. The deal enabled TRIME and BGG to strengthen their presence in the U.S. market, particularly in the construction segment. To cite another instance, in September 2021, Larson Electronics, a Texas-based company specializing in industrial lighting and equipment, launched its new metal halide mobile light tower dubbed WCDE6-4MHL-PNTL-MOD1, which is powered by a liquid-cooled diesel-powered engine. The unit consists of four 1,000-watt metal halide lamps over a 23-foot rotating mast that can illuminate a six- to sevenacre area for up to 60 hours without refueling. The light tower market has been segmented on the basis of power source, application, technology, product, lighting, channel, and region. With respect to product, the market has further been divided into mobile and stationary. The stationary sub-segment is projected to garner substantial profits by 2027, expanding at a CAGR of more than 4% over the forecast period.
Based on lighting, the market has been categorized into electric, LED, metal halide, and others. The light tower market from the metal halide sub-segment is slated to witness robust growth through the study timeframe. Mounting demand for inexpensive and cost-efficient systems has propelled the demand for metal halide systems, which is likely to boost segmental growth in the forthcoming years.
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