Light Tower Market by Light Type (LED and Metal Halide), Fuel Type (Direct Power, Solar, and Diesel), Market Type (Rental and Sales), End-user (Mining, Events and Sports, Oil and gas, and construction), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: May, 2020
  • Report ID: 418113
  • Category: Energy & Power
  • Pages: 225
$4700

The light tower market is expected to grow from USD 2.80 billion in 2019 to USD 5.03 billion by 2027, at a CAGR of 7.6% during the forecast period 2020-2027.

A part of mobile equipment that has more than one high power electric lamps with mast is known as a light tower. The lights are always attached to the mast, that is attached to a trailer with the help of a generator set to power the lamps. Light towers are mostly used in construction sites. Benefits of using light towers are maximum lighting portability and deployment, increased on-site and remote safety, and robust transportation, including over rugged terrain.

The factors driving the market are increasing demand for light towers for safe and secure operations in mining, construction, events and sports, and oil and gas. Other factors driving the market are rising requirement of light towers in construction activities, growing demand for high energy generation in the oil and gas industry, increasing demand for light towers in various emergency and rescue solutions. The factors hampering the market growth are inefficient supply chain, high maintenance, and battery problems.

This study delivers a comprehensive analysis of light type, fuel type, market type, end-user, and region. The light type segment includes LED and metal halide. The LED segment is expected to witness significant growth, attributing to its increased demand from oil and gas, mining, increased energy efficiency, and operational characteristics. The fuel type segment includes direct power, solar, and diesel. The diesel fuel type segment dominates the market growth, owing to the increasing operation of light towers in remote-off grid regions, diesel is cost-effective and widely available as compared to other fuel sources. Based on market type, the market is segmented into rental and sales. The rental segment is expected to witness significant growth, owing to increasing demand for light tower rentals, and it requires low capital investments. The end-user segment includes mining, events and sports, oil and gas, and construction. With the increasing requirement of light towers in mining and construction activities influence the market growth. The oil and gas segment is also projected to grow, owing to the rising demand for high energy generation.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. North America dominates the market, owing to the high investments in infrastructure development and oil and gas exploration activities. Canada and the US largely drive the market in the region. This is attributed to increasing drilling activities in the region. The market in the Asia Pacific region is anticipated to grow, due to increasing infrastructure activities, bridge construction, railway line construction, and various civil activities in developing countries. The market in the Middle East and Africa is also projected to show significant growth, owing to the large-scale operations in the oil and gas sector and increasing mining activities.

Some of the notable players in the market are Doosan Portable Power, Wacker Neuson, United Rental, Atlas Copco, Generac Holding, and Terex Corporation. In January 2019, Generac Mobile and Generac Pro rental equipment industry solutions was introduced by Generac.

Light Tower Market by Light Type

  • LED
  • Metal Halide

Light Tower Market, by Fuel Type

  • Direct Power
  • Solar
  • Diesel

Light Tower Market, by Market Type

  • Rental
  • Sales

Light Tower Market, by End-user

  • Mining
  • Events and Sports
  • Oil and gas
  • Construction

Light Tower Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

 

 Report Description:

  • The base year for the study has been considered 2019, historic year 2017 and 2018, the forecast period considered is from 2020 to 2027.
  • The study delivers a comprehensive analysis of global market for all segments and region.
  • The report offers in-depth analysis of driving factors, opportunities and restraints for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2020 to 2027.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the market. This report incorporates the industry analysis which is focused on providing an extensive view of the market.
  • The study also includes attractiveness analysis of all segments and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.

The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Light Type
          4.3.2. Market Attractiveness Analysis By Fuel Type
          4.3.3. Market Attractiveness Analysis By Market Type
          4.3.4. Market Attractiveness Analysis By End-User
          4.3.5. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
    5.3. Restrains
    5.4. Opportunities
    5.5. Challenges

6. Global Light Tower Market Analysis and Forecast, By Light Type
    6.1. Segment Overview
    6.2. LED
    6.3. Metal Halide

7. Global Light Tower Market Analysis and Forecast, By Fuel Type
    7.1. Segment Overview
    7.2. Direct Power
    7.3. Solar
    7.4. Diesel

8. Global Light Tower Market Analysis and Forecast, By Market Type
    8.1. Segment Overview
    8.2. Rental
    8.3. Sales

9. Global Light Tower Market Analysis and Forecast, By End-User
    9.1. Segment Overview
    9.2. Mining
    9.3. Events and Sports
    9.4. Oil and Gas
    9.5. Construction

10. Global Light Tower Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Light Tower Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Light Tower Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. Doosan Portable Power
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Type Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Wacker Neuson
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Type Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. United Rental
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Type Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. Atlas Copco
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Type Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Generac Holding
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Type Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Terex Corporation
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Type Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis

List of Table

1. Global Light Tower Market, By Light Type, 2017-2027(USD Billion)

2. Global LED Light Tower Market, By Region, 2017-2027(USD Billion)

3. Global Metal Halide Light Tower Market, By Region, 2017-2027(USD Billion)

4. Global Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

5. Global Direct Power Light Tower Market, By Region, 2017-2027(USD Billion)

6. Global Solar Light Tower Market, By Region, 2017-2027(USD Billion)

7. Global Diesel Light Tower Market, By Region, 2017-2027(USD Billion)

8. Global Light Tower Market, By Market Type, 2017-2027(USD Billion)

9. Global Rental Light Tower Market, By Region, 2017-2027(USD Billion)

10. Global Sales Light Tower Market, By Region, 2017-2027(USD Billion)

11. Global Light Tower Market, By End-User, 2017-2027(USD Billion)

12. Global Mining Light Tower Market, By Region, 2017-2027(USD Billion)

13. Global Events and Sports Light Tower Market, By Region, 2017-2027(USD Billion)

14. Global Oil and Gas Light Tower Market, By Region, 2017-2027(USD Billion)

15. Global Construction Light Tower Market, By Region, 2017-2027(USD Billion)

16. Global Light Tower Market, By Region, 2017-2027(USD Billion)

17. Global Light Tower Market, By North America, 2017-2027(USD Billion)

18. North America Light Tower Market, By Light Type, 2017-2027(USD Billion)

19. North America Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

20. North America Light Tower Market, By Market Type, 2017-2027(USD Billion)

21. North America Light Tower Market, By End-User, 2017-2027(USD Billion)

22. U.S. Light Tower Market, By Light Type, 2017-2027(USD Billion)

23. U.S. Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

24. U.S. Light Tower Market, By Market Type, 2017-2027(USD Billion)

25. U.S. Light Tower Market, By End-User, 2017-2027(USD Billion)

26. Canada Light Tower Market, By Light Type, 2017-2027(USD Billion)

27. Canada Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

28. Canada Light Tower Market, By Market Type, 2017-2027(USD Billion)

29. Canada Light Tower Market, By End-User, 2017-2027(USD Billion)

30. Mexico Light Tower Market, By Light Type, 2017-2027(USD Billion)

31. Mexico Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

32. Mexico Light Tower Market, By Market Type, 2017-2027(USD Billion)

33. Mexico Light Tower Market, By End-User, 2017-2027(USD Billion)

34. Europe Light Tower Market, By Light Type, 2017-2027(USD Billion)

35. Europe Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

36. Europe Light Tower Market, By Market Type, 2017-2027(USD Billion)

37. Europe Light Tower Market, By End-User, 2017-2027(USD Billion)

38. Germany Light Tower Market, By Light Type, 2017-2027(USD Billion)

39. Germany Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

40. Germany Light Tower Market, By Market Type, 2017-2027(USD Billion)

41. Germany Light Tower Market, By End-User, 2017-2027(USD Billion)

42. France Light Tower Market, By Light Type, 2017-2027(USD Billion)

43. France Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

44. France Light Tower Market, By Market Type, 2017-2027(USD Billion)

45. France Light Tower Market, By End-User, 2017-2027(USD Billion)

46. U.K. Light Tower Market, By Light Type, 2017-2027(USD Billion)

47. U.K. Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

48. U.K. Light Tower Market, By Market Type, 2017-2027(USD Billion)

49. U.K. Light Tower Market, By End-User, 2017-2027(USD Billion)

50. Italy Light Tower Market, By Light Type, 2017-2027(USD Billion)

51. Italy Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

52. Italy Light Tower Market, By Market Type, 2017-2027(USD Billion)

53. Italy Light Tower Market, By End-User, 2017-2027(USD Billion)

54. Spain Light Tower Market, By Light Type, 2017-2027(USD Billion)

55. Spain Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

56. Spain Light Tower Market, By Market Type, 2017-2027(USD Billion)

57. Spain Light Tower Market, By End-User, 2017-2027(USD Billion)

58. Asia Pacific Light Tower Market, By Light Type, 2017-2027(USD Billion)

59. Asia Pacific Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

60. Asia Pacific Light Tower Market, By Market Type, 2017-2027(USD Billion)

61. Asia Pacific Light Tower Market, By End-User, 2017-2027(USD Billion)

62. Japan Light Tower Market, By Light Type, 2017-2027(USD Billion)

63. Japan Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

64. Japan Light Tower Market, By Market Type, 2017-2027(USD Billion)

65. Japan Light Tower Market, By End-User, 2017-2027(USD Billion)

66. China Light Tower Market, By Light Type, 2017-2027(USD Billion)

67. China Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

68. China Light Tower Market, By Market Type, 2017-2027(USD Billion)

69. China Light Tower Market, By End-User, 2017-2027(USD Billion)

70. India Light Tower Market, By Light Type, 2017-2027(USD Billion)

71. India Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

72. India Light Tower Market, By Market Type, 2017-2027(USD Billion)

73. India Light Tower Market, By End-User, 2017-2027(USD Billion)

74. South America Light Tower Market, By Light Type, 2017-2027(USD Billion)

75. South America Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

76. South America Light Tower Market, By Market Type, 2017-2027(USD Billion)

77. South America Light Tower Market, By End-User, 2017-2027(USD Billion)

78. Brazil Light Tower Market, By Light Type, 2017-2027(USD Billion)

79. Brazil Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

80. Brazil Light Tower Market, By Market Type, 2017-2027(USD Billion)

81. Brazil Light Tower Market, By End-User, 2017-2027(USD Billion)

82. Middle East and Africa Light Tower Market, By Light Type, 2017-2027(USD Billion)

83. Middle East and Africa Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

84. Middle East and Africa Light Tower Market, By Market Type, 2017-2027(USD Billion)

85. Middle East and Africa Light Tower Market, By End-User, 2017-2027(USD Billion)

86. UAE Light Tower Market, By Light Type, 2017-2027(USD Billion)

87. UAE Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

88. UAE Light Tower Market, By Market Type, 2017-2027(USD Billion)

89. UAE Light Tower Market, By End-User, 2017-2027(USD Billion)

90. South Africa Light Tower Market, By Light Type, 2017-2027(USD Billion)

91. South Africa Light Tower Market, By Fuel Type, 2017-2027(USD Billion)

92. South Africa Light Tower Market, By Market Type, 2017-2027(USD Billion)

93. South Africa Light Tower Market, By End-User, 2017-2027(USD Billion)

 

List of Figures 

1. Global Light Tower Market Segmentation

2. Light Tower Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Light Tower Market Attractiveness Analysis By Light Type

9. Global Light Tower Market Attractiveness Analysis By Fuel Type

10. Global Light Tower Market Attractiveness Analysis By Market Type

11. Global Light Tower Market Attractiveness Analysis By End-User

12. Global Light Tower Market Attractiveness Analysis By Region

13. Global Light Tower Market: Dynamics

14. Global Light Tower Market Share By Light Type (2019 & 2027)

15. Global Light Tower Market Share By Fuel Type (2019 & 2027)

16. Global Light Tower Market Share By Market Type (2019 & 2027)

17. Global Light Tower Market Share by End-User (2019 & 2027)

18. Global Light Tower Market Share by Regions (2019 & 2027)

19. Global Light Tower Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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