Light Towers Market by Market Type (Sales and Rental), Light Type (Metal Halide and LED), Fuel Type (Diesel, Solar/Hybrid and Direct Power), End-User (Oil & Gas, Mining, Construction, and Events & Sports) and Region - Global Forecast to 2024
[162 Pages Report] The global light towers market size is projected to reach a market size of USD 6.1 billion by 2024, growing at a CAGR of 5.5% between 2019 and 2024. This growth is attributed to the increasing investment for light towers operation in end-use industries such as construction, mining, oil & gas, and events & sports.
The rental segment is expected to be the largest contributor to the light towers market during the forecast period
The light towers industry is segmented, by market type, into sales and rental. The rental market type segment accounted for the largest market share in 2018, driven by the demand for light tower rentals in North America and Asia Pacific. The need further drives the rental market for a short time/temporary use as it requires lower capital investment.
The LED segment is expected to be the fastest-growing market, by light type, during the forecast period
The light towers market, by light type, is segmented based on the metal halide and LED type of light towers. The metal halide segment was the largest market in 2018 owing to its increased demand from the oil & gas, and mining end-users, which is the major demand-generating industry for light towers. However, in the future, the LED light tower segment is expected to the largest and fastest-growing market due to the increased energy efficiency and operational characteristics of LEDs as compared to the metal halide lights.
The diesel fuel type segment is expected to be the fastest-growing light towers industry, by fuel type, during the forecast period
The light towers market is segmented, by fuel type, into diesel, solar/hybrid, and direct power. The diesel segment holds the largest share because light towers are operated increasingly in remote off-grid regions where access to grid power is non-existent. In addition, diesel is widely available and cost-effective compared to other fuel sources, which again drives the market for diesel power light towers.
North America is expected to be the largest market during the forecast period
The market is segmented, by region, into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America accounted for the majority of the light towers market share in 2018, and this trend is expected to continue until 2024. The North American market is driven majorly by countries, such as the US and Canada, as they are witnessing a strong investment in infrastructure development and oil & gas exploration activities.
Key Market Players
The major players in the light towers market are Generac Holding (US), Terex Corporation (US), Doosan Portable Power (US), Wacker Neuson (Germany), Atlas Copco (Sweden), and United Rental (US).
Generac Holding (US) is a key player in the diesel and LED light towers market. The company actively focuses on both organic and inorganic strategies to increase its global market share. For instance, in July 2019, Generac Mobile introduced a new product in its light tower offerings. The new MLTS LED light tower provided powerful, even lighting, simplified controls, and low maintenance requirements for maximized profit. The product boasts LED lights with a 10year life expectancy.
Another major player in the market is United Rentals (US). United Rentals completed the acquisition of WesternOne Rentals & Sales. The acquisition helped United Rentals in enhancing its service to construction and industrial customers in the provinces of Alberta, British Columbia, and Manitoba.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20172024 |
|
Base year considered |
2018 |
|
Forecast period |
20192024 |
|
Forecast units |
USD Billion |
|
Segments covered |
Market type, Light type, Fuel Type, End-User and Region |
|
Geographies covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
|
Companies covered |
Generac Holding (US), Terex Corporation (US), Doosan Portable Power (US), Wacker Neuson (Germany), Atlas Copco (Sweden), and United Rental (US). |
This research report categorizes the light towers market by market type, light type, fuel type, end-user, and region.
By Market Type
- Sales
- Rental
By Light Type
- Metal Halide
- LED
By Fuel Type
- Diesel
- Solar/Hybrid
- Direct Power
By End-User
- Oil & Gas
- Mining
- Construction
- Events & Sports
- Others
By Region
- Europe
- North America
- Asia Pacific
- Middle East & Africa
- South America
Recent Developments
- In January 2019, Generac introduced its Generac Mobile and Generac Pro rental equipment industry solutions. Generac Mobile deals with mobile light towers, generators, heaters, pumps, and dust suppression solutions while Generac Pro deals with rugged outdoor power equipment for residential, commercial, and municipal needs.
- In April 2019, Doosan portable power expanded its distribution network by establishing a new branch location in Nevada, US. The authorized distributor offers, including air compressors, generators, light towers, and light compaction equipment.
Key Questions Addressed by the Report
- What are the industry trends that would be seen over the next five years?
- Which of the light towers market elements is likely to lead by 2024?
- Which of the end-user segments is expected to have the maximum opportunity to grow during the forecast period?
- Which would be the leading region with the highest market share by 2024?
- How are companies implementing organic and inorganic strategies to gain increased market share?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 19)
1.1 Objectives of the Study
1.2 Definition
1.2.1 Light Tower Market, By Market Type: Inclusions & Exclusions
1.2.2 Light Tower Market, By Light Type: Inclusions & Exclusions
1.2.3 Light Tower Market, By Fuel Type: Inclusions & Exclusions
1.2.4 Light Tower Market, By End User: Inclusions & Exclusions
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 25)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Break-Up of Primaries
2.2 Scope
2.3 Market Size Estimation
2.3.1 Demand-Side Analysis
2.3.1.1 Key Assumptions
2.3.1.2 Calculation
2.3.2 Forecast
2.3.3 Supply-Side Analysis
2.3.3.1 Assumptions and Calculation
3 Executive Summary (Page No. - 35)
4 Premium Insights (Page No. - 39)
4.1 Attractive Opportunities in the Light Tower Market
4.2 Light Tower Market, By Market Type
4.3 Light Tower Market, By Light Type
4.4 Light Tower Market, By Fuel Type
4.5 North America Light Tower Market, By End-User & Country
4.6 Light Tower Market, By Region
5 Market Overview (Page No. - 42)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Investments in End-Use Industries
5.2.1.2 Advancements in LED Technology
5.2.1.3 Introduction of Solar and Battery-Powered Light Towers
5.2.2 Restraints
5.2.2.1 Fluctuating Prices of Crude Oil Fuels
5.2.2.2 High Starting Time
5.2.3 Opportunities
5.2.3.1 Untapped African Market
5.2.4 Challenges
5.2.4.1 High Cost of Light Towers
6 Light Tower Market, By Market Type (Page No. - 46)
6.1 Introduction
6.2 Sales
6.2.1 Investment By Capital Intensive Industries in Light Towers is Likley to Drive the Light Tower Sales Market Segment
6.3 Rental
6.3.1 Need for Reduction of Capital Expenditure is Likely to Drive the Light Tower Rental Market Segment
7 Light Tower Market, By Light Type (Page No. - 50)
7.1 Introduction
7.2 LED Light Tower
7.2.1 Ease of Operation and Reduced Maintenance Cost are Driving the Market for LED Light Tower
7.3 Metal Halide Light Tower
7.3.1 Increased Use of Metal Halide Lights in High Intensity Applications is Expected to Drive the Metal Halide Segment
8 Light Tower Market, By Fuel Type (Page No. - 54)
8.1 Introduction
8.2 Diesel
8.2.1 Need for Illumination in Remote Locations is Likely to Drive the Diesel Powered Light Tower Segment
8.3 Solar/Hybrid
8.3.1 Increasing Need for Silent Operation is Expected to Drive the Solar-Powered Light Tower Segment
8.4 Direct Power
8.4.1 Availability of Cheaper Grid Power is Expected to Drive the Direct Power Light Tower Segment
9 Light Tower Market, By End-User (Page No. - 58)
9.1 Introduction
9.2 Construction
9.2.1 Increasing Investments in Infrastructure Development Projects is Expected to Drive the Light Tower Market
9.3 Oil & Gas
9.3.1 Investment in Oil and Gas Exploration Activities is Likley to Drive the Light Tower Market
9.4 Mining
9.4.1 Use of Light Towers for Surface Mining Operations is Expected to Drive the Demand During the Forecast Period
9.5 Events & Sports
9.5.1 Need for Light Towers in Small Events is Expected to Drive the Light Tower Rental Market
9.6 Others
10 Light Tower Market , By Region (Page No. - 64)
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Growing Investments in the Construction and Oil & Gas Exploration Operations Expected to Drive the Market for Light Towers in the US
10.2.2 Canada
10.2.2.1 Increasing Infrastructure Spending and Mining Activities are Expected to Drive the Market for Light Towers in Canada
10.2.3 Mexico
10.2.3.1 Increasing Demand From the Oil & Gas and Mining Sectors is Driving the Light Tower Market in Mexico
10.3 Europe
10.3.1 Germany
10.3.1.1 Construction Sector Growth is Driving the Demand for Light Towers in Germany
10.3.2 UK
10.3.2.1 Demand From Events and Sports is Expected to Drive the Demand for Light Towers
10.3.3 France
10.3.3.1 Increasing Building and Transport Infrastructure Spending is Expected to Drive the Light Tower Market
10.3.4 Russia
10.3.4.1 Urban Infrastructure Development, Mining, and Oil and Gas Exploration Activities are Expected to Drive the Market for Light Towers
10.3.5 Rest of Europe
10.3.5.1 Stable Economic Outlook and Increased Spending on Construction Developments are Expected to Drive the Market
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Plans to Develop Smaller Cities is Expected to Drive the Demand for Light Towers
10.4.2 Australia
10.4.2.1 Investment in Mining Exploration Operations and Demand From Infrastructure Projects are Driving the Light Tower Market
10.4.3 Japan
10.4.3.1 Infrastructure Development and Events & Sports Sector are Expected to Drive the Light Tower Market
10.4.4 India
10.4.4.1 Government Policies to Boost Infrastructure Development are Expected to Drive the Market for Light Towers
10.4.5 Rest of Asia Pacific
10.4.5.1 Improving Living Standards and Demand for Transport Infrastructure Development are Expected to Drive the Market
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.1.1 Focus on Non-Oil Sectors Such as Construction and Events are Expected to Drive the Demand for Light Towers
10.5.2 UAE
10.5.2.1 Fast Growing Construction and Events Sectors are Expected to Drive the Market for Light Towers in the UAE
10.5.3 South Africa
10.5.3.1 Growing Demand From Mining Operations is Driving the Demand for Light Towers
10.5.4 Rest of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.1.1 Strong Focus on Infrastructure Projects is Expected to Drive the Demand for Light Towers in Brazil
10.6.2 Argentina
10.6.2.1 Government Initiated Infrastructure Projects are Expected to Drive the Light Tower Market
10.6.3 Rest of South America
11 Competitive Landscape (Page No. - 118)
11.1 Overview
11.2 Competitive Leadership Mapping (Manufacturers)
11.2.1 Visionary Leaders
11.2.2 Innovators
11.2.3 Dynamic
11.2.4 Emerging
11.3 Competitive Leadership Mapping (Rental Companies)
11.3.1 Visionary Leaders
11.3.2 Innovators
11.3.3 Dynamic
11.3.4 Emerging
11.4 Market Share, Manufacturers, 2018
11.5 Competitive Scenario
11.5.1 New Product Launches
11.5.2 Mergers & Acquisitions
11.5.3 Investments & Expansions
12 Company Profile (Page No. - 127)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 Generac Holding
12.2 Terex Corporation
12.3 Doosan Portable Power
12.4 Wacker Neuson
12.5 Atlas Copco
12.6 United Rentals
12.7 Yanmar
12.8 Will-Burt Company
12.9 Allmand Brothers
12.10 Coates Hire
12.11 Brandon Hire Station
12.12 P&I Generators
12.13 Lambsons Hire
12.14 Nixon Hire
12.15 Xylem
12.16 Multiquip
12.17 Quzhou Valiant Machinery Co
12.18 Wanco
12.19 Ishikawa Machine Company
12.20 Himoinsa
12.21 MHM
12.22 JCB
12.23 The Rental Store
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 154)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details
List of Tables (144 Tables)
Table 1 Light Tower Market Snapshot
Table 2 Comparision of Sales and Rentals
Table 3 Global Light Tower Market, By Market Type, 20172024 (USD Million)
Table 4 Light Tower Market, Sales Market Type, By Region, 20172024 (USD Million)
Table 5 Light Tower Market, Rental Market Type, By Region, 20172024 (USD Million)
Table 6 Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 7 LED Light Tower Market Size, By Region, 20172024 (USD Million)
Table 8 Metal Halide Light Tower Market Size, By Region, 20172024 (USD Million)
Table 9 Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 10 Diesel-Powered Light Tower Market Size, By Region, 20172024 (USD Million)
Table 11 Solar/Hybrid-Powered Light Tower Market Size, By Region, 20172024 (USD Million)
Table 12 Direct Power Light Tower Market Size, By Region, 20172024 (USD Million)
Table 13 Global Light Tower Rental Market, By End-User, 20172024 (USD Million)
Table 14 Light Tower Rental Market for Construction, By Region, 20172024 (USD Million)
Table 15 Light Tower Rental Market for Oil & Gas, By Region, 20172024 (USD Million)
Table 16 Light Tower Rental Market for Mining, By Region, 20172024 (USD Million)
Table 17 Light Tower Rental Market for Events & Sports, By Region, 20172024 (USD Million)
Table 18 Light Tower Rental Market for Others, By Region, 20172024 (USD Million)
Table 19 Global Light Tower Market Size, By Region, 20172024 (USD Million)
Table 20 North America: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 21 North America: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 22 North America: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 23 North America: Rental Light Tower Market Size, By End-User, 20172024 (USD Million)
Table 24 North America: Light Tower Market Size, By Country, 20172024 (USD Million)
Table 25 US: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 26 US: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 27 US: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 28 US: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 29 US: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 30 Canada: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 31 Canada: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 32 Canada: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 33 Canada: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 34 Canada: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 35 Mexico: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 36 Mexico: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 37 Mexico: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 38 Mexico: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 39 Mexico: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 40 Europe: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 41 Europe: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 42 Europe: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 43 Europe: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 44 Europe: Light Tower Market Size, By Country, 20172024 (USD Million)
Table 45 Germany: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 46 Germany: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 47 Germany: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 48 Germany: Sales Light Tower Market Size, By End-User, 20172024 (USD Million)
Table 49 Germany: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 50 UK: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 51 UK: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 52 UK: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 53 UK: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 54 UK: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 55 France: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 56 France: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 57 France: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 58 France: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 59 France: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 60 Russia: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 61 Russia: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 62 Russia: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 63 Russia: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 64 Russia: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 65 Rest of Europe: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 66 Rest of Europe: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 67 Rest of Europe: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 68 Rest of Europe: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 69 Rest of Europe: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 70 Asia Pacific: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 71 Asia Pacific: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 72 Asia Pacific: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 73 Asia Pacific: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 74 Asia Pacific: Light Tower Market Size, By Country, 20172024 (USD Million)
Table 75 China: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 76 China: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 77 China: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 78 China: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 79 China: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 80 Australia: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 81 Australia: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 82 Australia: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 83 Australia: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 84 Australia: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 85 Japan: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 86 Japan: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 87 Japan: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 88 Japan: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 89 Japan: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 90 India: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 91 India: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 92 India: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 93 India: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 94 India: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 95 Rest of Asia Pacific: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 96 Rest of Asia Pacific: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 97 Rest of Asia Pacific: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 98 Rest of Asia Pacific: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 99 Rest of Asia Pacific: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 100 Middle East & Africa: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 101 Middle East & Africa: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 102 Middle East & Africa: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 103 Middle East & Africa: Light Tower Rnetal Market Size, By End-User, 20172024 (USD Million)
Table 104 Middle East & Africa: Light Tower Market Size, By Country, 20172024 (USD Million)
Table 105 Saudi Arabia: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 106 Saudi Arabia: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 107 Saudi Arabia: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 108 Saudi Arabia: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 109 Saudi Arabia: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 110 UAE: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 111 UAE: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 112 UAE: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 113 UAE: Sales Light Tower Market Size, By End-User, 20172024 (USD Million)
Table 114 UAE: Rental Light Tower Market Size, By End-User, 20172024 (USD Million)
Table 115 South Africa: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 116 South Africa: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 117 South Africa: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 118 South Africa: Light Tower Slaes Market Size, By End-User, 20172024 (USD Million)
Table 119 South Africa: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 120 Rest of Middle East & Africa: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 121 Rest of Middle East & Africa: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 122 Rest of Middle East & Africa: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 123 Rest of Middle East & Africa: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 124 Rest of Middle East & Africa: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 125 South America: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 126 South America: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 127 South America: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 128 South America: Light Tower Rental Market, By End-User, 20172024 (USD Million)
Table 129 South America: Light Tower Market Size, By Country, 20172024 (USD Million)
Table 130 Brazil: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 131 Brazil: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 132 Brazil: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 133 Brazil: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 134 Brazil: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 135 Argentina: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 136 Argentina: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 137 Argentina: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 138 Argentina: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 139 Argentina: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
Table 140 Rest of South America: Light Tower Market Size, By Market Type, 20172024 (USD Million)
Table 141 Rest of South America: Light Tower Market Size, By Light Type, 20172024 (USD Million)
Table 142 Rest of South America: Light Tower Market Size, By Fuel Type, 20172024 (USD Million)
Table 143 Rest of South America: Light Tower Sales Market Size, By End-User, 20172024 (USD Million)
Table 144 Rest of South America: Light Tower Rental Market Size, By End-User, 20172024 (USD Million)
List of Figures (36 Figures)
Figure 1 Light Tower Market: Research Design
Figure 2 Main Metrics Considered While Constructing and Assessing the Demand for the Light Tower Market
Figure 3 Spending on Light Towers is the Key Factor Considered for the Market Size Estimation
Figure 4 Light Towers Operations in End-Use Industries is the Key Factor Considered for Market Size Analysis
Figure 5 North America Dominated the Light Tower Market in 2018
Figure 6 Rental Segment is Expected to Hold the Largest Share of the Light Tower Market, By Market Type, During the Forecast Period
Figure 7 Led Segment is Expected to Lead the Light Tower Market, By Light Type, During the Forecast Period
Figure 8 Diesel Segment is Expected to Lead the Light Tower Market, By Fuel Type, During the Forecast Period
Figure 9 Construction Segment is Expected to Lead the Rental Light Tower Market, By End-User, During the Forecast Period
Figure 10 Energy Efficient Leds Offering Better Illumination Boost the Growth of the Light Tower Market, 20192024
Figure 11 Rental Segment is Projected to Dominate the Light Tower Market, By Market Type, Until 2024
Figure 12 LED Segment is Projected to Dominate the Light Tower Market, By Light Type, Until 2024
Figure 13 Diesel Segment is Projected to Dominate the Light Tower Market, By Fuel Type, Until 2024
Figure 14 Construction Sector and the US Dominated the Light Tower Market in 2018
Figure 15 North America Light Tower Market to Grow at the Highest CAGR During the Forecast Period
Figure 16 Light Towers: Market Dynamics
Figure 17 Increasing Investments in the Oil & Gas Industry
Figure 18 Unstable Crude Oil Prices
Figure 19 Rental Segment Expected to Hold the Largest Market During the Forecast Period
Figure 20 LED Segment is Projected to Be the Largest Market During the Forecast Period
Figure 21 Diesel Segment Holds the Highest Market Share During the Forecast Period
Figure 22 Construction Segment is Projected to Hold the Largest Market During the Forecast Period
Figure 23 North America Accounted for the Largest Market Share During 2018
Figure 24 North America: Light Tower Market Overview (2018)
Figure 25 Europe: Light Tower Market Overview (2018)
Figure 26 Key Developments in the Light Tower Market, 20172019
Figure 27 Competitive Leadership Mapping (Manufacturers)
Figure 28 Competitive Leadership Mapping (Rental Companies)
Figure 29 Generac Holding LED the Light Tower Market in 2018
Figure 30 Generac Holding: Company Snapshot
Figure 31 Terex Corporation: Company Snapshot
Figure 32 Wacker Neuson: Company Snapshot
Figure 33 Atlas Copco: Company Snapshot
Figure 34 United Rentals: Company Snapshot
Figure 35 Yanmar Holdings: Company Snapshot
Figure 36 Xylem: Company Snapshot
The study involved three major activities in estimating the current size of the global light towers market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and market sizing with industry experts across the value chain through rigorous primary research. Both top-down and bottom-up approaches were used to estimate the total market size. The market breakdown and data triangulation techniques were employed to estimate the market size of the segments and the corresponding subsegments.
Secondary Research
This research study involved the use of extensive secondary sources, directories, and databases such as oil and gas equipment rental, construction equipment rental, industry publications, several newspaper articles, Bloomberg, Factiva, and rental associations journal to identify and collect information useful for a technical, market-oriented, and commercial study of the light towers market. The other secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The light towers market comprises several stakeholders such as companies related to the industry, consulting companies in the power sector, oil and gas, construction, mining sector, government & research organizations, forums, alliances & associations, light towers service providers, state & national energy authorities, dealers & suppliers, and vendors. The demand side of the market is characterized by the light towers expenditure across end-use sectors across global regions, investments by oil and gas and construction equipment companies, and maturing of the mining and the energy sector. Moreover, the demand is driven by a change in rules & regulations and active participation from environmental bodies in the light towers market. The supply side is characterized by contracts & agreements, new product launches, mergers & acquisitions, and partnerships & collaborations among big players. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The breakdown of primary respondents is given below:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Both top-down and bottom-up approaches have been used to estimate and validate the size of the global light towers market and its dependent submarkets. These methods were also extensively used to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and market have been identified through extensive secondary research, and their market shares in the respective regions have been determined through both primary and secondary research.
- The industrys supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the entire market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the light towers activities.
Report Objectives
- To define, describe and forecast the global light towers market by market type, light type, fuel type, end-user, and regions
- To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the light towers market
- To strategically analyze the light towers market with respect to individual growth trends, future prospects, and the contribution of each segment to the market
- To strategically profile key players and comprehensively analyze their market shares and core competencies
- To track and analyze competitive developments such as contracts & agreements, expansions, new product launches, mergers & acquisitions, and partnerships & collaborations in the light towers market
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Regional Analysis
- Further breakdown of region or country-specific analysis
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Light Towers Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Light Towers Market