Light tower market is estimated to witness substantial gains through 2026 with an anticipated annual revenue target of USD 4 billion by 2026.
In terms of product, stationary light tower segment is projected to witness massive gains over the forecast period. As per the report, the stationary light tower market is estimated to grow at a CAGR of about 5% by 2026. The need for lighting in developed regions, especially to illuminate places such as roadways, highways, infrastructures, industries, colonies, and company campuses has pushed the revenue share of stationary light towers.
Browse key industry insights spread across 595 pages with 1,292 market data tables & 40 figures & charts from the report, “Light Tower Market Size By Product (Stationary, Mobile), By Lighting (Metal Halide, LED, Electric), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), By Application (Construction, Infrastructure Development {Highway Construction, Railway Line Construction, Bridge Construction}, Oil & Gas, Mining, Military & Defense, Emergency & Disaster Relief), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/light-tower-market
With the advent of smart city initiatives all across the globe, demand for intelligent stationary lighting infrastructures has increased significantly. An intelligent lighting infrastructure is an integral step when it comes to creating a true smart city, primarily because it can reduce energy waste, and improve public safety. Solar is projected to emerge as a major power source for the stationary light towers.
Speaking of lighting segmentation, metal halide lamps are forecast to capture a substantial chunk of the overall market by 2026. Also known as MH lamps, metal halides are becoming increasingly popular due to the growing demand for long-life and cost-efficient systems. Additionally, the product's ability to provide excellent color rendering characteristics, and output a bright, crisp light is also leading to growth of metal halide segment.MH lamps find prominent use in sports fields, stadiums, and warehouses. These are also majorly used in parking lots as well as street lighting in urban areas.
These systems combine high efficiency along with good color characteristics. In facilities where the task is detailed or where distinguishing between color is vital, MH lamps makes an outstanding choice. Furthermore, they are good for both outdoor and indoor use owing to good light quality, thereby gaining an increasing demand from different end-use avenues.Based on technology, the manual lifting system segment is determined to grow at a CAGR of about 6% through 2026. These lifting systems helps in improving safety by bringing light to any place the user needs, particularly in remote areas.
Furthermore, in most instances the light tower has a means for auxiliary power, in addition to the power it uses to operate the lights. This allows these light towers to work as multi-functional pieces of equipment, in turn permitting operators to utilize them as small generators.Light towers play a key role during any kind of emergency and during disaster relief situations. Emergency and disaster relief light towers application segment is set to grow with a CAGR of about 8% through 2026. Light towers are crucial during any night rescue or nighttime operation.
Disaster relief and emergency light towers are mostly used in places with adverse weather conditions and tough environmental conditions. These light towers are quite user friendly and could be moved from one place to another without having much difficulties.
Furthermore, during an emergency or a disaster, electricity is usually not available. As a result, emergency light towers can often be powered through alternate fuel sources. These portable light tower can be easily transported to a desired location, wherein LED flood light provides bright illumination for the large area.Additionally, users can rotate the illuminating head to any corner of the area during a rescue operation. These lights help in maintaining accuracy during a rescue operation. People who might be stuck under debris in an earthquake or are stuck in any hard-to-see location can be easily spotted with the help of emergency 360° mobile light towers.
Moreover, these light towers also usually come with handheld remote-control system to give flexibility during the time of an operation.
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