Light Tower Market Size (2024 - 2029)

Light Towers Market Analysis

The Light Tower market is expected to register a CAGR of approximately 5% during the forecast period (2021 - 2026). Since the COVID-19 outbreak, the market for light towers has witnessed a slight decrease in growth owing to decreasing construction activities, halt or postponement of sports activities and events across the world. To curb the spread of the virus, among other activities, which witnessed stoppage or restriction owing to lockdown and social distancing norms.

• The light tower market is witnessing increased demand from various industries worldwide and has led to rapid product innovations from different vendors operating in this market. Additionally, most light towers run on diesel due to their high demand across construction, industrial, and mining activities.
• Some of the significant factors essential to industrial requirements are more excellent light coverage in terms of the lumen, increased durability, and the right power source. The LED has been able to address those essential requirements. It has been preferred over other existing technologies, as it has higher fuel savings, broader coverage of light with more than 100,000 lumens, and is comparatively cheaper to own and maintain.
• Further, the increased demand for more rugged and durable light towers from industries like mining and construction has led to significant manufacturers launching newer heavy-duty versions of tower lights for harsher deployments. For instance, in March 2020, Lind Equipment launched All-in-One Beacon LED Tower. The company focused on the North American market, and nearly 90% of Lind Equipment's sales come from rental activities.
• Additionally, mobile light towers are gaining popularity owing to several benefits it offers. A mobile light tower is a system composed of the trailer, lifting mast, power supply, and lighting equipment, among others. The trailer can be an independent body towed by a vehicle or modified from existing and various trucks. The lifting mast, lighting equipment, and other equipment are reasonably installed on the trailer and combined to form a complete movable lighting system.
• Furthermore, the mobile light tower is suitable for large-area, high-brightness lighting needs for large-scale, high-brightness lighting in military, highway, railway, electric power, public security, and other enterprises and institutions, and various large-scale construction operations, mine operations, maintenance, and repair, accident handling, and disaster relief.
• However, looking at applications, such as job sites and unique event lighting solutions, Allmand Bros. Inc., in February 2020, launched a Night-Lite GR-Series light tower line. It features a compact structure with flexible powertrain options, such as air-cooled diesel, gasoline, or a towable chain unit.

Light Towers Industry Segmentation

Light towers are characteristically an arrangement of high-intensity lights positioned on a telescopic mast attached to a highway-capable chassis. These towers serve a fundamental role in supporting essential operations carried out across a wide range of industries. The different types of light towers studied in the report are LED light towers and metal halide light towers, with various power sources, such as solar-powered, diesel-powered, hydrogen fuel-powered, and directly powered. These are deployed for various end-user applications, such as construction, oil and gas, mining, and industrial. Furthermore, the study considered multiple factors, such as the impact of COVID-19, macro-economic and micro-economic parameters, end-user spending across various regions, manufacturer strategies, and other KPIs for the overall projection of the market size