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Light Tower Market: Shift from Traditional Laydown Mast to Vertical Mast Design || Key Players: Allightsykes Pty Ltd, Generac Holdings Inc., Allmand Brothers Inc., Multiquip Inc.

03-13-2019 08:21 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Light Tower Market: Shift from Traditional Laydown Mast

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.

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The report opines that LED light towers market 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.

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.

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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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.

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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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