Light Towers Market Set to Witness Y-o-Y Growth by 2017-2027

Light tower sales are likely to surpass 191 thousand units in 2019, up from 183 thousand units in 2018, driven by demand for high-quality industrial lighting systems continues to influence the growth of light towers market. These insights are as per the latest Fact.MR report projects an optimistic scenario for light towers market in the future.

“Resurgency in construction activity is providing the much-needed fillip to light tower sales. With the need of retaining productivity amid poor lighting conditions, light towers are being increasingly deployed across multiple outdoor construction sites”, Senior Analyst, Fact.MR

Growing Applications in Mining Sector Foster Growth

According to Fact.MR’s study, healthy recovery of mining activities has worked in favor of the growth of light towers market. According to the United States Census Bureau, mining witnessed one of the highest absolute increases in terms of capital investments, i.e. 75.9 percent from 2006 to 2015. Post a remarkable downfall during first half of the decade, the resurgency in mining sector has worked out in the favor of light tower manufacturers.

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As per the Fact.MR study, demand for diesel light towers will reach 105 thousand units in 2019 and is not foreseen to slow down in the future. Rising popularity of diesel-based light towers can be accredited to minimum maintenance requirements, better fuel accessibility, enhanced performance consistency, and superlative storage capacity. Battery and solar light towers will remain the second and third lucrative categories in terms of sales.

The report opines that LED light towers will outsell the halide variants in 2019. The trend toward light-emitting diode (LED) lamps is more evident than ever in the light of cost-effectiveness and enhanced illumination quality as compared to that of traditional metal-halide lighting. Being nearly twice as fuel-efficient as the halide variants, LED light towers have been identified to register the fastest Y-O-Y growth in 2019.

Construction remains the largest end use industry in the light towers market, driven by the large-scale deployment of light towers to ensure utmost productivity and workers’ safety during poor lighting conditions. Oil and gas industry trails the former in terms of demand for light towers as a result of soaring investments.

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North America to Offer Profit-Making Avenues for Stakeholders

North America remains a highly significant region, offering significant opportunities to light tower manufacturers. Europe is also likely to create significant opportunities for light towers manufacturers during the course of the forecast period.

The light towers market remains moderately-consolidated with limited number of companies holding a substantial revenue share. Some of the significant entry barriers, such as high cost of manufacturing and uncompromising environmental regulations, act in favor of these well-established players in the market and help them maintain their stronghold. The tier 1 players account for nearly 38-41% revenue share with an utmost focus on strengthening of customer centricity.

The top-tiered companies also remain oriented toward offering distinguishable products and services that are economically and environmentally responsible for enhancing customer values. In addition to that, the report also unveils that these leading players in the light towers market will be seen concentrating on strategies facilitating inorganic growth for solidifying their sustenance amongst fierce competition.

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Fact.MR’s report offers credible insights and an in-depth opportunity assessment of light towers market. The report enunciates that the light towers market is likely to proliferate at a CAGR of over 4% through 2027.

To deliver a seamless understanding of the Light Towers market, the report is divided into 18 sophisticated chapters whose snapshots are provided below.

Chapter 1 – Executive Summary
The report commences with the chapter of the executive summary which delivers brief yet affluent information of the Light Towers market. The chapter includes discussion on the market overview, market analysis and market recommendations regarding the Light Towers market derived based on Fact.MR’s proprietary wheel of fortune.

Chapter 2 – Market Introduction
In the market introduction chapter, the Light Towers market is introduced along with the
market segmentation in the form of market taxonomy. The chapter also introduces the Light Towers in the market definition section.

Chapter 3 – Light Towers Market Background
In this chapter, macroeconomic factors, market dynamics, a complete value chain and pricing
analysis with regard to Light Towers market is elaborately discussed. Discussion on the
market drivers, restraints, trends and opportunities and their impact on the market forecast is also
covered in this chapter.

Chapter 4 – Global Light Towers Market Analysis 2013–2017 and Forecast 2018–2026
This chapter provides the Light Towers market size in terms of market volume and value
during the forecast period. Market analysis based on absolute $ opportunity and y-o-y growth of the Light Towers market is also covered in this chapter.

Chapter 5 – Global Light Towers Market Analysis 2013–2017 and Forecast 2018–2026,

By System Type Based on system types in the Light Towers market, the chapter elaborates market size of individual systems and analysis by system types and summary of this section is covered in the chapter.

Chapter 6 – Global Light Towers Market Analysis 2013–2017 and Forecast 2018–2026, By Application

Based on applications, Market size of individual applications, their market attractiveness analysis and summary are also covered.

Chapter 7 – Global Light Towers Market Analysis 2013–2017 and Forecast 2018–2026, By End User

This chapter elaborates the segmentation of the Light Towers market based on end users
including independent end users, Market attractive analysis by end users is also discussed to fathom relative lucrativeness of different end users of the Light Towers market.

Chapter 8 – Global Light Towers Market Analysis 2013–2017 and Forecast 2018–2026, By Region

With the geographical perspective, the Light Towers market is analyzed on a total of seven regions including North America, Latin America, Europe, South East Asia & Pacific, Middle East & Africa, China and Japan. Historical data and prevailing trends in the Light Towers market and their influence on the global market performance is discussed in this chapter.

And Continue….

 

Supriya Bhor

Having Knack for precision, I take a meticulous approach to find informative pieces of news across industries such as technology, ICT, healthcare and F&B to name a few. Follow me to catch the latest trend.

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