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Light Tower Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

12-04-2023 07:48 AM CET | Energy & Environment

Press release from: Orion Market Research

Light Tower Market is Anticipated to Increase at a Stable CAGR

The global light tower market is anticipated to grow at a considerable CAGR of 7% during the forecast period. One of the key factors that is fueling the market gowth is the growing competitiveness between the market players towards fulfilling the growing market needs. With several key players in the market, companies are advancing, innovating, and launching new products to stay in the competition. For instance:

In April 2022, SPX Corporation announced the acquisition of International Tower Lighting, LLC, a private sector company headquartered in La Vergne, Tennessee. ITL is a company that specializes and construction of highly designed Aids-to-Navigation (AtoN) systems, such as obstacle illumination for telecommunications towers, wind turbines, and a variety of other structures. ITL also provides customer monitoring and assistance.
In September 2021, Atlas Copco has introduced the HiLight V5+ LED Light Tower, which can save up to 65 percent on gasoline. When compared to the normal fuel usage of a 6kW Metal Halide solution, the newly launched HiLight V5+ has a 2-cylinder engine and offers significant fuel savings of up to 65 percent, giving it an industry-leading competitive advantage.
In September 2021, Trime S.R.L., an Italian light tower manufacturer, collaborated with Tecnogen Spa, a global generator manufacturer based in Italy, to purchase FTG Equipment Solutions for an undisclosed sum. Trime S.R.L. hopes to target the American light equipment business with this acquisition, enhance production through a distribution strategy, and expand its light tower product line for diverse infrastructure projects. FTG Equipment Solutions is a generator and light tower distribution firm established in the United States.
In February 2021, Generac Power Systems announced to open a manufacturing, assembly, and distribution operation in South arolina, US, to expand its production capacity and respond to increases in demand for its power backup solutions.
In February 2021, In India, Chicago Pneumatic, a subsidiary of Atlas Copco, has introduced two new Permanent Magnet motor compressor models, the CPMV and CPVS. The devices, which use proven permanent magnet motor energy-saving technology, provide greater dependability, maintenance-free operation, and energy savings of up to 45 percent.
To Request a Sample of our Report on Light Tower Market: https://www.omrglobal.com/request-sample/light-tower-market

Market Coverage

· The market number available for - 2022-2030

· Base year- 2022

· Forecast period- 2023-2030

Segment Covered-

· By Type

· By Power source

· By End-User

Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

· Competitive Landscape- including Atlas Copco AB, , Generac Power Systems Inc., Larson Electronics LLC, Doosan portable Power, and others.

A full report of Light Tower Market is available at: https://www.omrglobal.com/industry-reports/light-tower-market

Light Tower Market Report Segment

By Type

LED Light Tower
Metal Halid Light Tower
By Power Source

Solar Powered
Diesel Powered
Hydrogen Fuel Powered
Directly Powered
By End-User

Construction
Oil & Gas
Mining
Industrial
Others Industries
Light Tower Market- Segment by Region

North America

United States
Canada
Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific

China
Japan
India
Rest of Asia-Pacific
Rest of the World

Middle East & Africa
Latin America
Company Profiles

Allmand Bros. Inc.
Aska Equipments Ltd.
BMI Group
Chicago Pneumatic
Colorado Standby
Inmesol gensets, S.L.
C. Bamford Excavators Ltd.
Larson Electronic LLC
Multiquip Inc.
Olikara Lighting Towers Pvt. Ltd
Probuilt Professional Lighting
The Will-Burt Co.
United Rentals Inc.
Ver-Mac
Reasons to buy from us -

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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