market in the coming years. this may be because of low maintenance, easy accessibility of fuel, high consistency of
diesel generator sets, and high storage capacity.
LED, Electrodeless Lamps, and metal halide are the light type that could be explored in Light Tower in the forecast
period. The LED sector accounted for the substantial market share of Light Tower and is estimated to grow at highest
CAGR in the coming years. This may be because of government initiative by providing subsidies for solar panels and
rising use of solar panels may reduce carbon footprint.
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The market may be categorized based on end users like mining, construction, oil & gas, and others that could be
explored in the forecast period. The construction sector accounted for the substantial market share of Light Tower and
is estimated to lead the overall market in the coming years. This may be because of rising demand for portable light
towers, growing construction industry in developing countries, and rising investment in the construction sector from
kay manufacturers.
Globally, Asia Pacific accounted for the substantial market share of Light Tower and is estimated to lead the overall
market in the coming years. The reason behind the overall market growth could be developing construction industry
and high investment in construction sector by manufacturers in the developing countries. The developing countries
like India and China are the major consumers of Light Tower in this region. North America and Europe are also
estimated to have a positive influence on the future growth. North America is the second largest region with significant
market share. The key players of Light Tower Market are Wacker Neuson, Generac Holding, Inc., Atlas Copco, Terex
Corporation, and Doosan Corporation. These players are concentrating on inorganic growth to sustain themselves
amongst fierce competition.
Market Segment:
Key Applications
• Construction
• Mining
• Event
• Emergency Work
Key Regions