Light Tower Market Forecast & Trends By 2027 | Leading Players Atlas Copco Ltd, Doosan, Inmesol, J C Bamford Excavators, Larson Electronics, Terex, Wacker Neuson SE, Wanco and Xylem
The light tower is a part of portable equipment having one or more high-intensity electric lamps with a mast. The electric lamps may be LED or metal halide which is powered by generators. The light towers are useful in construction activities, mining, sporting events and oilfield applications. In construction applications, these are of utmost importance in ensuring the workers' safety as well as visibility. The quality of the light provided depends upon the light source, fuel capacity, portability, illumination capacity of the tower and other vital aspects.
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Some of The Major Players In Global Market:
1. Atlas Copco Ltd
2. Doosan Corporation
3. Generac Mobile Products S.r.l.
4. Inmesol, S.L.
5. JC Bamford Excavators Ltd.
6. Larson Electronics
7. Terex Corporation
8. Wacker Neuson SE
9. Wanco, Inc.
10. Xylem Inc.
The light tower market is anticipated to grow in the forecast period owing to driving factors such as rapidly growing construction industry and increased focus on the safety and efficiency of workers'. Furthermore, investments in the oil and gas sector, as well as the mining sector, is further expected to drive the growth of the light tower market. However, the high costs of LED lights are likely to hamper market growth. Nonetheless, emerging markets in the developing countries are expected to showcase growth opportunity for the light tower market during the forecast period.
Market Segmentation :
The global light tower market is segmented on the basis of type, power source and application. Based on type, the market is segmented as LED light tower and metal halide light tower. The market on the basis of the power source is classified as diesel, solar and direct. On the basis of the application, the market is segmented as oil & gas, mining, construction, industrial and others.
Key Benefits :
• This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities.
• In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way.
• Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided.
The Light Tower Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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Reasons to Buy the Report:
• Learn about the driving factors, affecting the market growth.
• Imbibe the advancements and progress in the market during the forecast period.
• Understand where the market opportunities lies.
• Compare and evaluate various options affecting the market.
• Pick up on the leading market players within the market.
• Envision the restrictions and restrains that are likely to hamper the market.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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