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Light Tower Market to Register a CAGR of 4.6% During 2020-2026

Author : Rahul Sankrityayan | Published Date : 2020-10-08 

Europe mobile light tower market is anticipated to observe a considerable growth in the coming years, majorly led by the United Kingdom. In fact, the UK light tower industry is anticipated to witness more than 3% growth through the forecast timespan.

The increasing usage of mobile light tower across various industrial verticals is driving the demand for global mobile light tower market growth through 2026. Increasing investments in the construction sector and growing need to operate the construction sites irrespective of weather and time is anticipated to be a key growth factor for overall market share.

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  • Pages: 545
  • Tables: 1105
  • Charts / Figures: 40
  • Companies covered: 17

Some of the extensive features of mobile light towers including high efficiency, reliability, and easy installation are further surging the deployment of mobile light towers globally. Along with the construction sector, increasing usage of mobile light towers across infrastructure, mining, and O&G industries is expected to propel overall market growth through the forthcoming timespan. 

Considering these growth factors, Global Market Insights Inc., estimates that the global mobile light tower market is set to foresee an annual installation of more than 400,000 units through 2026. 

Growing instances of severe accidents, particularly during constructions in dark, has pushed the demand for reliable mobile light towers. Low up-front cost, easy installation, and low maintenance are some of the key factors augmenting the need for diesel systems thereby propelling the mobile light tower market growth.

In addition, the availability of tough and resistant light towers with better specifications would further play a major role in complementing the overall market growth. Varied lamp technologies provide various advantages to contractors as per their suitability for their specific job sites.

Considering the lighting segment, electric lighting components would foresee substantial growth owing to the introduction of stringent government norms that promote environmental sustainability as well as address crucial requirements to curb emissions.

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Refurbishment and modernization of current industrial buildings and structures due to stringent government mandates are predicted to push the product demand. In addition, growing need for light across remote regions that consist of operations relevant to the O&G or mining industry, rescue procedures, and construction activities would magnify the overall market growth.

In addition, newly introduced rules of efficiency and global deals to restrict pollution levels should further positively influence the product deployment in the overall market share.

Improvement in economic conditions and increasing transport energy and infrastructure projects, and housing ventures would help to proliferate the market size. In addition, increasing investments for development and refurbishment of railways, along with other advancements towards construction and infrastructure is likely augment product adoption.

Furthermore, increasing emphasis on energy efficiency along strict regulatory mandates for environment sustainability would further propel the industry share through 2026.        

Some of the key players contributing to the global mobile light tower market include Generac, Wacker Neuson & Doosan, and Generac among others.

Browse Related Reports:

Mobile Light Tower Market worth $2 billion by 2026, Says Global Market Insights, Inc.

Reciprocating Power Generating Engine Market worth $26 billion by 2026, Says Global Market Insights, Inc.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. [email protected] | https://twitter.com/sankritsays

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