Press release
Top Market Shifts Transforming the Light Towers Market Landscape: Key Insights
Light Towers
What Is the Expected CAGR for the Light Towers Market Through 2025?
The market for light towers has consistently expanded over recent years. Its size is set to increase from $5.26 billion in 2024 to $5.46 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 3.8%. The surge in growth during the historical period is a result of fast-paced industrialisation, robust economic improvement in upcoming markets, an increase in expendable income and expansion in the construction sector.
What's the Projected Size of the Global Light Towers Market by 2029?
Predictions indicate that the market size for light towers will exhibit consistent expansion in the forthcoming years, eventually reaching $6.48 billion by 2029, with a compound annual growth rate (CAGR) of 4.3%. This boost during the projection period can be credited to factors such as the rise in urbanization, amplified investment in light tower operations and infrastructure development projects, alongside an uptick in oil and gas manufacturing and exploration ventures. Key trends anticipated during this period encompass prioritizing fuel efficiency for sustainable resource usage, shifting focus towards manufacturing light towers powered by solar radiation for more eco-friendly and silent operations, emphasis on product innovation, and launching of sensor-equipped light towers to boost the overall equipment effectiveness (OEE) on the production line.
View the full report here:
https://www.thebusinessresearchcompany.com/report/light-towers-global-market-report
Top Growth Drivers in the Light Towers Industry: What's Accelerating the Market?
The light tower market is experiencing significant growth due to an increase in infrastructure activities. These towers are often utilized in mines, disaster sites, construction locations, and in rescue operations. They prove incredibly effective in infrastructure construction projects like railways, highways, sewers, power lines, etc., particularly during nighttime operations in remote areas where light is scarce and optimal lighting is necessary. They enhance the safety of workers and boost productivity on construction sites. To illustrate, in April 2023, as reported by the UK's Department for Science, Innovation, and Technology, £5 billion ($5.39 billion) is being invested by the UK government to extend gigabit broadband access to a minimum of 85% premises by 2025 and over 99% by 2030 through Project Gigabit. A further £1 billion ($1.07 billion) deal with mobile networks intends to augment 4G coverage to 95% of the UK's area by 2025, with anticipations of £159 billion productivity enhancement from 5G adoption by 2035. Hence, the growth of the light tower market is propelled by these surging infrastructure activities.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=5798&type=smp
Which Fast-Growing Trends Are Poised to Disrupt the Light Towers Market?
Innovating new products is a predominant trend among companies in the light tower industry. This trend stems from many manufacturers in the field seeking expansion and leadership. Take the example of US-based backup power generation product manufacturer, Generac, which launched the GLT Series of lighting towers in January 2024. The new series is designed for enhanced efficiency and performance, making it perfect for various uses including construction sites and events. The GLT Series reflects Generac's commitment to innovation and sustainability by integrating advanced technology to meet the changing requirements of contemporary lighting solutions. This product introduction is a move by Generac to position itself as a pacesetter in the portable power and lighting market.
What Are the Main Segments in the Light Towers Market?
The light towers market covered in this report is segmented -
1) By Product: Stationery, Mobile
2) By Fuel Type: Solar or Hybrid, Diesel, Direct Power
3) By Technology: Manual Lifting, Hydraulic Lifting
4) By Lighting: Metal Halide, LED, Electric
5) By End-User: Oil & Gas, Mining, Construction, Events & Sports, Other End Users
Subsegments:
1) By Stationery: Diesel-Powered Stationery Light Towers, Solar-Powered Stationery Light Towers, Hybrid Stationery Light Towers, Electric-Powered Stationery Light Towers
2) By Mobile: Diesel-Powered Mobile Light Towers, Solar-Powered Mobile Light Towers, Hybrid Mobile Light Towers, Electric-Powered Mobile Light Towers
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=5798&type=smp
Which Top Companies are Driving Growth in the Light Towers Market?
Major companies operating in the light towers market include Atlas Copco, Generac Holdings Inc, Wacker Neuson Group, ere*x Corporation, JLG Industries Inc, Doosan Portable Power, The Will-Burt Company, INMESOL S.L.U, Olikara Lighting Towers Pvt, United Rentals Inc, Eneraque, Larson Electronics, Trime UK, Wanco Inc, Milspec Generac Mobile, PR Power, Robuster Lighting, Briteforce, Southern Cross Industrial Group, JLG Lighting Towers, Rishabh Engineering Company, Red Mobile Light Tower Generators, Lighttec India Ref Mobile Light By Ajanta Export Industries, Diamond Member, Audited Supplier Fujian, Fire Truck Mounted Mobile Telescopic Mast Lighting
Which Regions Will Dominate the Light Towers Market Through 2029?
North America and Asia-Pacific were the largest regions in the light tower market in 2024. During the forecast period, Asia-Pacific is expected to be the fastest-growing region. The regions covered in the light towers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5798
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Reach out to us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info
The Business Research Company, with over 17,500+ reports across 27 industries and 60+ geographies, backed by 1,500,000 datasets and insights from industry leaders, offers comprehensive market intelligence through its flagship product, the Global Market Model (GMM), delivering updated forecasts for informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Top Market Shifts Transforming the Light Towers Market Landscape: Key Insights here
News-ID: 4260696 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Light
Shining a Light: Global Light Towers Market Trends 2024
"The Business Research Company recently released a comprehensive report on the Global Light Towers Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Light Bulb Camera 2022: Best Light Bulb Security Camera
From anywhere in the world, you can check on your family members with this clever Light bulb camera has a concealed security camera!
In the world's population, those over the age of 50 make up an increasingly large proportion of the total. These individuals are more likely to suffer from health challenges or lives alone, which increases the hazards they face. When our elderly relatives live alone, we have a natural…
Light Sanitizer Review: Does UV Light Sanitizer Really Work?
Visit Official Website Here >> https://bit.ly/3u3lF00
【PROFESSIONAL UV LIGHT SANITIZER LAMP】 FCC, CE, RoHS Certified, EPA Est. No.96932-CHN-1. Advanced ultraviolet disinfection technology, the UV disinfectant lamp has 7 high-intensity UVC and 158 UVA double effect, 99.99% sterilization rate, Ultra Violet through radiation damage to microorganisms (bacteria, viruses, fungus, pathogen, molds, micro pests) and destroy DNA RNA, to achieving the purpose of disinfection
【240-280NM COMPREHENSIVE THOROUGH STERILIZATION】 The light transmittance of microorganisms…
What is Li-Fi (Light Fidelity Visible Light Communication)?
Light fidelity (Li-Fi)/visible light communication is wireless communication technology that uses light to transmit data and position between devices. This technology facilitates internet facilities in a closed, controlled environment such as airplanes, shopping complexes, hospitals, offices, and vehicles, among others. It is widely utilized to offer communication between electronic devices with the support of visible light, particularly the LED bulbs. This evolving technology has various advantages over currently prevalent Wi-Fi…
Global LED Lighting Market Technology Insights, Forecast to 2025 | Spot Light, S …
This report presents the worldwide LED Lighting market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The LED Lighting market was valued at Million US$ in 2017 and is…
Light Control Sensor Light Global Market Research Report 2018
GET SAMPLE REPORT @ https://www.research2reports.com/sample-report-electronics-goods/light-control-sensor-light-market/79664
Light Control Sensor Light Report by Material, Application, and Geography � Global Forecast to 2022 is a professional and in-depth research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, united Kingdom, Japan, South Korea and China).
The report firstly introduced the Light Control Sensor Light basics: definitions, classifications, applications and…
