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Light Towers Market to Cross $5.7 billion by 2025 | Leading key players are Generac Holding, Terex Corporation, Doosan Portable Power, Wacker Neuson, Atlas Copco, United Rental

01-22-2021 11:59 AM CET | Energy & Environment

Press release from: MarketsandMarkets

Light Towers Market to Cross $5.7 billion by 2025 | Leading key

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 by 2025, at a CAGR of 5.7%.

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.

Browse 251 market data Tables and 41 Figures spread through 211 Pages and in-depth TOC on "Light Towers Market - Global Forecast to 2025"

https://www.marketsandmarkets.com/Market-Reports/light-tower-market-227191154.html

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 2019. 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.

North America is expected to dominate the global light towers market

North America was the largest light towers industry in 2019, 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.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top manufacturers in the light towers market. These players include Generac Holding (US), Terex Corporation (US), Doosan Portable Power (US), Wacker Neuson (Germany), Atlas Copco (Sweden), and United Rental (US).

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Mr. Aashish Mehra
MarketsandMarkets™ INC.
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USA : 1-888-600-6441
newsletter@marketsandmarkets.com

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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.

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