Press release
Emerging Sub-Segments Transforming the Light Towers Market Landscape
Light Towers Market
Light Towers Market Valuation and Growth Outlook by 2030
The light towers market is projected to expand steadily, reaching a valuation of $6.73 billion by 2030. This growth corresponds to a compound annual growth rate (CAGR) of 4.2% during the forecast period. Several factors contribute to this upward trend, including a shift toward hybrid and solar-powered light towers, growing use of automated lifting technologies, advancements in smart fleet monitoring, increased demand for LED lighting, and the rising necessity for mobile lighting solutions in remote locations. Key trends expected to influence the market include widespread adoption of solar and hybrid towers, enhanced automation and remote control features, development of smart IoT-enabled monitoring systems, growing use of digital platforms for fleet and asset management, and a focus on energy-efficient LED-based lighting technologies.
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Leading Players Shaping the Light Towers Market Landscape
The market features several prominent companies driving innovation and competition. These 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, Ajanta Export Industries, Diamond Member, Audited Supplier Fujian, and Fire Truck Mounted Mobile Telescopic Mast Lighting.
In December 2023, The Will-Burt Company, known for designing and manufacturing mobile telescoping masts and lighting tower systems in the United States, acquired Clark Masts Systems Ltd., a UK-based firm specializing in flood lighting masts. This acquisition aims to broaden The Will-Burt Company's product offerings and boost its technological edge in mobile elevation products, strengthening its market position in both commercial and defense sectors.
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Key Trends Driving Innovation in the Light Towers Market
A key focus for companies in the light towers industry is the development of advanced hybrid light towers that reduce carbon emissions while delivering reliable illumination. These hybrid towers combine diesel generators with renewable energy sources such as solar power or batteries, which lowers fuel consumption and emissions. This approach ensures efficient, environmentally friendly lighting solutions that also help cut operating costs.
For example, in December 2023, Sweden-based industrial company Atlas Copco introduced the HiLight BI+ 4 light tower. This model integrates state-of-the-art SMD LED lighting with lithium-ion batteries, providing outstanding efficiency and performance. It offers four operating modes-mains power, lithium-ion battery, diesel engine, or hybrid configuration-and can operate up to 20 hours silently and emission-free on a single charge. The unit fully recharges in just four hours and features an industry-leading fuel consumption rate of 0.29 liters per hour in hybrid mode, resulting in an annual carbon dioxide emissions reduction of up to seven tonnes per unit, significantly lowering environmental impact and costs.
Segment Overview and Comparative Analysis of the Light Towers Market
This report segments the light towers market into several categories:
1) Product Type: Stationary and Mobile
2) Fuel Type: Solar or Hybrid, Diesel, and Direct Power
3) Technology: Manual Lifting and Hydraulic Lifting
4) Lighting Source: Metal Halide, LED, and Electric
5) End-Use Industry: Oil & Gas, Mining, Construction, Events & Sports, and Other End Users
Further breakdown includes:
- Stationary light towers powered by diesel, solar, hybrid, and electric sources
- Mobile light towers powered by diesel, solar, hybrid, and electric sources
These distinctions help provide a detailed view of the market's components, enabling targeted strategies for growth and innovation.
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