PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1399605
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1399605
Manual Lifting Mobile Light Tower Market size is poised to record more than 5% CAGR from 2023-2032, due to higher integration of telematics and IoT capabilities to offer remote monitoring, diagnostics, and predictive maintenance.
With the surging need for real-time tracking, monitoring, and troubleshooting, there has been rising demand for highly portable, easy to transport, as well as quick to install mobile light towers. To that end, the strong focus of manufacturers on designing lightweight and durable manual lifting mobile light towers to withstand harsh environmental conditions while being easily maneuverable across job sites will influence the market growth. For instance, in September 2021, Atlas Copco launched its new portable LED Light tower, HiLight V5+ for challenging site conditions, such as road construction, remote construction sites, infrastructure, mining and temporary public lighting installations.
The manual lifting mobile light tower industry is segmented based on lighting, power source, application, and region.
In terms of lighting, the market value from the electric segment will witness expansion through 2032. The growth can be attributed to the rising advancements in electric power systems, such as improvements in charging infrastructure, battery technology, and power management. Electric manual lifting mobile light towers can also be integrated with additional features, such as outlets for charging tools and devices to meet the multi-purpose uses on job sites.
With respect to application, the manual lifting mobile light tower industry from the oil & gas segment may significantly expand up to 2032. Given their portable and easily movable attributes, these light towers are ideally used for catering to the dynamic oil and gas operation needs requiring continuous 24/7 work, particularly during the critical stages of drilling, maintenance, and emergency situations. To that end, mobile light towers are widely used for extended operational hours for providing consistent and bright lighting throughout the night.
Regionally, Europe manual lifting mobile light tower market size is expected to observe robust growth between 2023 and 2032 led by the strong emphasis on eco-friendly and sustainable solutions. The thriving construction projects, infrastructure development, and maintenance activities in the region are driving the demand for mobile light towers to provide illumination for nighttime operations and improve productivity at the sites. The presence of stringent regulations and standards related to product safety, emissions, and noise levels will also push the regional market growth.