The global light tower market is likely
to witness a higher CAGR of 3.8% by 2022. The light tower market is likely to
be driven by rise in construction industry, rise in investment for oil and gas
sector, and significant R&D in the mining industry. In addition, rise in
demand for energy sources has bolstered the oil & gas industry operations
and mining industry. The light towers are essential for lighting up any
specific operation pertaining to these verticals. Infrastructural growth and
civil operations are likely to gain a positive traction in the forecast period.
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The fuel type segment under light tower
market includes diesel-powered, direct-powered, and solar-powered. The
diesel-powered light tower is likely to gain a positive traction owing to
significant rise in construction, oil & gas industry, and mining. Based on
type of light, the light tower market includes metal halide and LED. End-user
segmentation for light tower market includes oil & gas, construction and
mining. By vertical, the light tower market is segmented as emergency and
disaster relief, road and bridge construction, mining and oil & gas.
Geographical segmentation for light
tower market includes North America, South America, Europe, Asia-Pacific,
Middle East and Africa. Asia-Pacific leads the global market due to rise in
mining and construction sector all across APAC regions. Significant investments
in the construction sector in the emerging economies coupled with government
regulations are likely to propel the APAC’s market growth. North American and
European markets are likely to grow at a significant rate in the forecast
period due to rise in mining activity and shift toward renewable source of
energy in this region.
The key players in the light tower
market include Generac Power Systems Inc, Aska Equipment Ltd, Progress Solar
Solutions, Atlas Copco, Doosan Portable Power, DMI Light Towers, Terex
Corporation, Atlas Copco, and Wacker Neuson.
The global market for light tower will
grow at a CAGR of 3.8% by 2022, according to a new report published by Gen
Consulting Company. The report segments the market and forecasts its size, by
volume and value, on the basis of application (construction, mining, event,
emergency work, etc.), and by geography (North America, Europe, Asia-Pacific, MEA
and South America).
The report covers forecast and analysis
for the light tower market on a global and regional level. The study provides
historic data of 2012-2016 along with a forecast from 2017 to 2022 based on
both output/volume and revenue. The study then describes the drivers and
restraints for the light tower market along with the impact they have on the
demand over the forecast period. Additionally, the report includes the study of
opportunities available in the light tower market on a global level.
The report has been prepared based on
the synthesis, analysis, and interpretation of information about the global
light tower market collected from specialized sources. The competitive
landscape section of the report provides a clear insight into the market share
analysis of key industry players. Company overview, financial overview, product
portfolio, new project launched, recent development analysis are the parameters
included in the profile.
Demand for this market rises from the
construction, mining, event, emergency work, and other applications. All the
segments have been analyzed based on present and future trends and the market
is estimated from 2017 to 2022. Relevantly, the report and company profiles
specify the key drivers that are impacting the demand in global light tower
market.
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Key
Applications
·
Construction
·
Mining
·
Event
·
Emergency Work
Key
Regions
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
South America
Key
Vendors
·
AllightPrimax
·
Allmand Bros
·
Atlas Copco
·
Doosan
·
Generac
·
Himoinsa
·
Terex Corporation
·
Wacker Neuson
·
Xylem
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Mail: sales@radiantinsights.com
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