Light Tower Market 2022-2028

Description

List of Tables

Global Light Tower Market Size, Share & Trends Analysis Report by Type (Electric Light Tower, Internal Combustion and Automated Guided Light Tower) by Application (Manufacturing Industry, Construction, Freight & Logistics industry, and Others) Forecast Period (2022-2028)

The global light tower market is anticipated to grow at a substantial CAGR of 7.1% during the forecast period. One of the major factors that are fueling the market is the growing applications of a light tower in construction and mining industry coupled with significant growth in oil & gas industries across the globe. Increasing adoption of diesel powered light towers is also one of the major factors for augmenting the market growth in future. Moreover, multi-functionality of the light towers can be another factor that may spur its usage in various verticals. However, there are some factors such as the high cost of battery operated and new advancements of hydrogen fuel powered light towers, and availability of light tower hamper the market growth in the forecast period.

The global light tower market is segmented on the basis of type, power source, and end-user. On the basis of type, the market is segmented into LED light tower, and metal halid light tower. By power source, the market is segmented into the solar powered, diesel powered, hydrogen powered, and directly powered. Diesel powered is expected to have a major market share. On the basis of end-user, the market is segmented construction, oil and gas, mining, industrial, and others. Construction industry is expected to have a major market share due to the high usage of light tower across the globe.

Geographically market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is projected to grow fastest during the forecast period. For instance, in October 2020, Ceres Power Holdings plc and Doosan Corp have announced a collaboration and license agreement. These include the construction of a 50MW mass manufacturing facility in South Korea to produce Ceres' fuel cell stacks under license.

The major companies serving the global light tower market include Atlas Copco AB, Terex Corporation, Generac Power Systems Inc., Larson Electronics LLC, Doosan portable Power, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April 2019, Doosan Portable Power has added a new branch site in Nevada to its distribution network. Air compressors, generators, light towers, and light compaction equipment are among the products available from the authorized dealer.

Research Methodology

The market study of the global light tower market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Light Tower Market Research and Analysis by Type

2. Global Light Tower Market Research and Analysis by Power Source

3. Global Light Tower Market Research and Analysis by End-User

The Report Covers:

Comprehensive Research Methodology of the global light tower market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global light tower market.
Insights about market determinants that are stimulating the global light tower market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026593

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Light Tower Market
Recovery Scenario of Global Light Tower Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Atlas Copco AB
  - 3.1.1.1. Overview
  - 3.1.1.2. Financial Analysis
  - 3.1.1.3. SWOT Analysis
  - 3.1.1.4. Recent Developments
- 3.1.2. Terex Corp
  - 3.1.2.1. Overview
  - 3.1.2.2. Financial Analysis
  - 3.1.2.3. SWOT Analysis
  - 3.1.2.4. Recent Developments
- 3.1.3. Generac Power Systems Inc.
  - 3.1.3.1. Overview
  - 3.1.3.2. Financial Analysis
  - 3.1.3.3. SWOT Analysis
  - 3.1.3.4. Recent Developments
- 3.1.4. Larson Electronics LLC
  - 3.1.4.1. Overview
  - 3.1.4.2. Financial Analysis
  - 3.1.4.3. SWOT Analysis
  - 3.1.4.4. Recent Developments
- 3.1.5. Doosan Portable Power
  - 3.1.5.1. Overview
  - 3.1.5.2. Financial Analysis
  - 3.1.5.3. SWOT Analysis
  - 3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of COVID-19 on Key Players

4. Market Segmentation

4.1. Global Light Tower Market by Type
- 4.1.1. LED Light Tower
- 4.1.2. Metal Halid Light Tower
4.2. Global Light Tower Market by Power Source
- 4.2.1. Solar Powered
- 4.2.2. Diesel Powered
- 4.2.3. Hydrogen Fuel Powered
- 4.2.4. Directly Powered
4.3. Global Light Tower Market by End-User
- 4.3.1. Construction
- 4.3.2. Oil & Gas
- 4.3.3. Mining
- 4.3.4. Industrial
- 4.3.5. Others Industries

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Allmand Bros. Inc.
6.2. Aska Equipments Ltd.
6.3. BMI Group
6.4. Chicago Pneumatic
6.5. Colorado Standby
6.6. Inmesol gensets, S.L.
6.7. J.C. Bamford Excavators Ltd.
6.8. Larson Electronic LLC
6.9. Multiquip Inc.
6.10. Olikara Lighting Towers Pvt. Ltd
6.11. Probuilt Professional Lighting
6.12. The Will-Burt Co.
6.13. United Rentals Inc.
6.14. Ver-Mac
6.15. Wacker Neuson Corp
6.16. Wanco Inc.
6.17. Westquip Diesel Sales
6.18. Xylem, Inc.
6.19. Youngman Richardson