At a CAGR of 5.5% The Light Towers Market to Reach $6.1 billion by 2024 | Generac Holding, Terex Corporation , Doosan Portable Power, Wacker Neuson, Atlas Copco, United Rental
Browse 144 Market Data Tables and 36 Figures spread through 162 Pages and in-depth TOC on "Light Towers Market - Global Forecast to 2024"
Increasing investments in oil & gas exploration and construction infrastructure development across regions such as North America, Europe, and Asia Pacific is driving the demand for light towers. The market is segmented by end-user, market type, light type, fuel type, and region.
Construction: The largest end-user segment of the light towers industry
The market is segmented, by end-user, into construction, oil & gas, mining, events and sports, and others. The construction segment accounted for the largest light towers market share in 2018. The construction sector is driven by the increased infrastructure development activities in residential, commercial, and industrial spaces. In addition, transport infrastructure improvements and maintenance activities require light towers for safe and efficient operations at night. This is expected to drive the construction sector demand across regions such as North America, Europe, and Asia Pacific.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=227191154
The LED segment is estimated to have the highest growth rate in the light towers market, by light type
The market is segmented, by light type, into metal halides and LED type light towers. The metal halide segment is estimated to lead the market in terms of market size; however, the LED segment is expected to be the fastest-growing market. The growth of the segment is mainly because of its rising demand for clean and efficient operations using light towers and the need to reduce carbon footprint.
This research report categorizes the light towers market by market type, light type, fuel type, end-user, and region.
By Market Type
By Light Type
By Fuel Type
Oil & Gas
Events & Sports
Middle East & Africa
Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=227191154
North America is expected to dominate the global light towers market
North America was the largest light towers industry in 2018, driven mainly by activities in the US and Canada. Increasing investment for oil & gas exploration activities and CAPEX spending is the key market driver, where US has a favorable supportive policy for the growth of the sector. This further drives the demand for light towers and creates growth opportunities for all major light tower rental and manufacturers in the region. Europe is the second-largest market, following North America closely, with several construction infrastructure investments and developments taking place.
Key Market Players
The major players in the light towers market are Generac Holding (US), Terex Corporation (US), Doosan Portable Power (US), Wacker Neuson (Germany), Atlas Copco (Sweden), and United Rental (US).
Generac Holding (US) is a key player in the diesel and LED light towers market. The company actively focuses on both organic and inorganic strategies to increase its global market share. For instance, in July 2019, Generac Mobile introduced a new product in its light tower offerings. The new MLTS LED light tower provided powerful, even lighting, simplified controls, and low maintenance requirements for maximized profit. The product boasts LED lights with a 10–year life expectancy.
Another major player in the market is United Rentals (US). United Rentals completed the acquisition of WesternOne Rentals & Sales. The acquisition helped United Rentals in enhancing its service to construction and industrial customers in the provinces of Alberta, British Columbia, and Manitoba.
Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=227191154
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release At a CAGR of 5.5% The Light Towers Market to Reach $6.1 billion by 2024 | Generac Holding, Terex Corporation , Doosan Portable Power, Wacker Neuson, Atlas Copco, United Rental here
News-ID: 2197597 • Views: 393
More Releases from MarketsandMarkets
Polyurethane Foams Market | Key players operating in the market include Covestro …
According to recent market research "Polyurethane Foam Market by Type (Rigid foam, Flexible Foam, Spray Foam), End-use Industry (Building & Construction, Bedding & Furniture, Automotive, Electronics, Footwear, Packaging, Others), and Region - Global Forecast To 2025", The polyurethane foams market is projected to grow from USD 37.8 billion in 2020 to USD 54.3 billion by 2025, at a CAGR of 7.5% from 2020 to 2025. The market is witnessing average
Light Towers Market to Cross $5.7 billion by 2025 | Leading key players are Gene …
According to a new market research report "Light Towers Market by Market Type (Sales and Rental), Light Type (Metal Halide and LED), Fuel Type (Diesel, Solar/Hybrid and Direct Power), End-User (Oil & Gas, Mining, Construction, and Events & Sports) and Region - Global Forecast to 2025" The global light towers market size is expected to grow from an estimated revenue of USD 4.3 billion in 2020 to USD 5.7 billion
Software Defined Radio Market worth $14.5 billion by 2025
The report "Software Defined Radio Market by Platform (Land, Airborne, Naval, Space), Application (Defense, Commercial), Type (General Purpose Radios, Cognitive/Intelligent Radio, Terrestrial Trunked Radio), Frequency Band, Component and Region Global Forecast 2025" The software defined radio market size is projected to grow from USD 11.4 billion in 2020 to USD 14.5 billion by 2025, at a CAGR of 4.9% from 2020 to 2025. Vital factors likely to drive the growth
Rugged Servers Market worth $652 million by 2025
According to the new market research report "Rugged Servers Market with COVID-19 Impact by Offering (Hardware, Software & Services), Type (Dedicated, Standard), Memory Size, Application (Military & Aerospace, Telecommunication, Industrial, Energy & Power, Marine) and Region - Global Forecast to 2025", the global rugged servers market size was valued at USD 475 million in 2020 and is projected to reach USD 652 million by 2025; it is expected to grow
More Releases for LED
LED Supply Chain
This report covers market size and forecasts of LED Supply Chain, including the following market information: Global LED Supply Chain Market Size, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Type and by Application, 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Region (and Key Countries), 2019-2021, and 2020 (quarterly data), (US$ Million) Global LED Supply Chain Market Size by Company, 2019-
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation li …
Global LED Packaging Market Size Detail Analysis focusing Market Segmentation like Lamp-LED, Side-LED, TOP-LED, High-Power LED, SMD-LED, and Flip-Chip LED & more The LED market is one of the quickly growing segments as they are replacing the traditional lighting equipment like bulbs due to their high efficiency and power saving capability. The LED packaging industry is also growing with innovations along with the LED industry as new technologies are being included
Global LED Driver (LED Lighting Driver) Market Research Report
This report studies the global LED Driver (LED Lighting Driver) market status and forecast, categorizes the global LED Driver (LED Lighting Driver) market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in United States, Europe, China, Japan, South Korea and Taiwan and other regions. Get sample copy of the report: https://www.marketdensity.com/contact?ref=Sample&reportid=68754 Table of Contents: Table of Contents Global LED Driver (LED Lighting Driver) Market Research Report
Global LED Packaging Market
Global LED Packaging Market is expected to reach US$ 34.29 Bn by 2026 from US$ 18.2 Bn in 2016 at a CAGR of 6.54%. The factors such as increasing demand for high power grade LED packages for lighting applications, rising demand for LED packages in the display panel market, growing government initiatives and regulations for adoption of energy-efficient LED lighting and increasing demand for smart LED lighting solutions are responsible
LED Lighting Optics Market
“Global LED Lighting Optics Market Insights, Forecast to 2025” This report researches the worldwide LED Lighting Optics Market size (value, capacity, production and consumption) in key regions like North America, Europe, Asia Pacific (China, Japan) and other regions. The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategies. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor
LED Flashlight Market 2017 - SureFire, LED Lenser, Pelican, NovaTac
Apex Research, recently published a detailed market research study focused on the "LED Flashlight Market" across the global, regional and country level. The report provides 360° analysis of "LED Flashlight Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global LED Flashlight industry, and estimates the future trend of LED Flashlight market on