Light Tower Market by Light Type (Metal Halide, LED), End-User (Construction, Oil & Gas, Mining), Fuel Type (Diesel, Solar, Direct), and Region - Global Forecast to 2022
[157 Pages Report] The global light tower market is estimated to be USD 2.02 Billion in 2017, and is expected to grow at a CAGR of 6.1% from 2017 to 2022. This growth is mainly attributed to a rapid growth of the construction industry, especially in developing nations of the Asia-Pacific region, growing investment in the oil & gas sector, and restart of investment in the mining industry.
The years considered for the study are as follows:
- Base Year – 2016
- Estimated Year – 2017
- Projected Year – 2022
- Forecast Period – 2017 to 2022
2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define, describe, and forecast the global light tower market by fuel type, light type, market type, end-user, and region
- To provide detailed information regarding major factors influencing the growth of the light towers market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future prospects, and 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 and partnerships & collaborations in the market
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global light towers market. Primary sources are mainly industry experts from core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standard & certification organizations of companies, and organizations related to all the segments of this industry’s value chain. The points given below explain the research methodology.
- Study of annual revenue and market developments of major players that provide light towers
- Analysis of major component provider for light tower
- Assessment of future trends and growth of end-users in the market
- Assessment of the market with respect to the type of light towers used by various end-users
- Study of market trends in various regions or countries supported by the type of light towers
- Study of contracts & developments related to the market by key players across different regions
- Finalization of the overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies manufacturing light towers across the globe
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure given below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Target Audience:
The report’s target audience includes:
- Light tower manufacturing companies
- Raw material suppliers, light tower component manufacturers
- Government and research organizations
- National and local government organizations
- Institutional investors
- Associations
Scope of the Report:
Light Tower Sales:
On the basis of Fuel Type
- Diesel–powered
- Solar–Powered
- Direct–Powered
On the basis of Light Type
- Metal Halide
- LED
(Report also covers the light type market for the rental segment)
On the basis of End-User
- Construction
- Oil & Gas
- Mining
- Others
On the basis of Region
- North America
- South America
- Asia-Pacific
- Middle East & Africa
- Europe
(Report also covers regional analysis for the rental market)
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for this report:
Regional Analysis
Further breakdown of region/country-specific analysis
Company Information
Detailed analysis and profiling of additional market players (Up to 5)
The global light tower market is projected to grow at a CAGR of 6.1% from 2017 to 2022, to reach a market size of USD 2.72 Billion by 2022. This growth is mainly attributed to a rapid growth in the construction industry, especially in developing nations of the Asia-Pacific region, growing investment in the oil & gas sector, and restart of investment in the mining industry.
The report segments the light towers market on the basis of fuel type in to diesel-powered light towers, solar-powered light towers, and direct-powered light towers. The diesel-powered light towers are widely used in construction, mining, and oil & gas industry due to high reliability of diesel generator sets, easy availability of fuel, ease of storage of fuel, longer running time, and simple maintenance. Due to these reasons, the diesel-powered light towers segment is projected to dominate the light towers market during the forecast period. However, due to growing pressure on the environment, the solar powered light towers market is expected to grow at a higher pace during the forecast period.
The light tower market is segmented, based on end-user into construction, mining, oil & gas, and others, which includes agriculture, airports, emergency services, military, rentals, social & sports events, and motion pictures. Construction end-user is expected to grow at the highest rate in the end-user segment. A rapid growth in the construction sector, especially in the Asia-Pacific region is expected to drive the light towers market. Countries such as China and India are investing heavily in developing transport infrastructure to support growth of their economies, and is expected to drive the construction end-user segment during the forecast period.
The light towers market is segmented on the basis of light type LED light towers and metal halide light towers. The LED light towers are expected to grow with a relatively high CAGR from 2017 to 2022. The key driving factor for this segment is increasing implementation of solar panels to reduce carbon footprint, government regulations & subsidies for solar panels, and LED lighting. Eco environment friendly policies are expected to drive the LED light towers market from 2017 to 2022.
Asia-Pacific is the largest light tower market by size and is estimated to grow at the highest rate due to rapid growth in the construction industry, especially in China. High investments in the construction sector in China has created a demand for portable light towers. Asia-Pasic is home to many developing nations such as India, Indonesia, Taiwan, and Malaysia. All these nations are focusing on developing their infrastructure which in turn is expected to drive the demand for light towers in the Asia-Pacific region.
The major factors restraining the growth of light towers are large unorganized market. Most of the market share is held by the unorganized sector, i.e. the local or regional players. International players have to follow globally accepted regulations for light towers such as emission regulation for diesel generators used in light towers, ATEx & AEx certification for light towers to be used in hazardous areas, and anti-glare lights for highways or road construction. These certification and testing adds-on the cost of light towers. However, local players have to only adhere to regional standards and have an advantage of local production, thereby, bringing the cost down. This makes slightly difficult for international players to compete with regional players, restraining their light towers growth in the regional market.
The market is dominated by few international players which holds major share of the market. Major suppliers for light tower market include Generac Holding, Inc. (U.S.), Atlas Copco (Sweden), Doosan Corporation (South Korea), Terex Corporation (U.S.), and Wacker Neuson (Germany). These players are expanding their market share by winning new contracts and researching and launching new products/services/technologies in the market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.2.1 Light Towers
1.2.1.1 By Market Type
1.2.1.2 By Light Type
1.2.1.3 By End-User
1.2.1.4 By Fuel Type
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 19)
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 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Light Towers Market Overview
4.2 Light Towers Market, By Region vs End-User
4.3 Light Towers Market, By Light Type
4.4 Light Towers Market, By Fuel Type
4.5 Light Towers Market, By End-User
4.6 Light Towers Market, Sales vs Rental
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rapid Growth of Construction Industry
5.2.1.2 Growing Investments in the Oil & Gas Sector
5.2.1.3 Restart of Investments in the Mining Industry
5.2.2 Restraints
5.2.2.1 Large Unorganized Market Creating Hindrance for Established Players
5.2.3 Opportunities
5.2.3.1 Solar Light Towers
5.2.3.2 Untapped African Market
5.2.4 Challenges
5.2.4.1 High Cost of Solar Light Towers and LED Lights
5.2.4.2 Stringent Government Regulation
5.2.5 Supply Chain
5.2.6 New Technologies
5.2.6.1 New Battery Technologies
5.2.6.2 Generator Paralleling Technology
6 Light Towers Market, By Light Type (Page No. - 49)
6.1 Introduction
6.2 LED Light Tower
6.3 Metal Halide Light Tower
7 Light Towers Market, By Fuel Type (Page No. - 53)
7.1 Introduction
7.2 Diesel Powered Light Towers
7.3 Solar Powered Light Towers
7.4 Direct Powered Light Towers
8 Light Tower Market, By End-User (Page No. - 57)
8.1 Introduction
8.2 Construction
8.3 Mining
8.4 Oil & Gas
8.5 Others
9 Light Towers Market, By Market Type (Page No. - 62)
9.1 Introduction
9.2 Light Tower Sales
9.3 Light Tower Rental
10 Light Towers Market, By Region (Page No. - 66)
10.1 Introduction
10.2 Asia-Pacific
10.2.1 Light Towers Market, By Market Type
10.2.2 Light Tower Sales, By Fuel Type
10.2.3 Light Tower Sales, By Light Type
10.2.4 Light Tower Sales, By End-User
10.2.5 Light Tower Sales, By Country
10.2.5.1 China
10.2.5.2 Australia
10.2.5.3 India
10.2.5.4 Japan
10.2.5.5 Rest of Asia-Pacific
10.3 North America
10.3.1 Light Towers Market, By Market Type
10.3.2 Light Towers Sales Market, By Fuel Type
10.3.3 Light Tower Sales, By Light Type
10.3.4 Light Tower Sales, By End-User
10.3.5 Light Tower Sales, By Country
10.3.5.1 The U.S.
10.3.5.2 Canada
10.3.5.3 Mexico
10.4 Europe
10.4.1 Light Towers Market, By Market Type
10.4.2 Light Tower Sales, By Fuel Type
10.4.3 Light Tower Sales, By Light Type
10.4.4 Light Tower Sales, By End-User
10.4.5 Light Tower Sales, By Country
10.4.5.1 The U.K.
10.4.5.2 Germany
10.4.5.3 Russia
10.4.5.4 France
10.4.5.5 The Rest of Europe
10.5 South America
10.5.1 Light Towers Market, By Market Type
10.5.2 Light Towers Sales Market, By Fuel Type
10.5.3 Light Tower Sales, By Light Type
10.5.4 Light Tower Sales, By End-User
10.5.5 Light Tower Sales, By Country
10.5.5.1 Brazil
10.5.5.2 Argentina
10.5.5.3 The Rest of South America
10.6 The Middle East & Africa
10.6.1 Light Towers Market, By Market Type
10.6.2 Light Tower Sales, By Fuel Type
10.6.3 Light Tower Sales, By Light Type
10.6.4 Light Tower Sales, By End-User
10.6.5 Light Tower Sales, By Country
10.6.5.1 Saudi Arabia
10.6.5.2 South Africa
10.6.5.3 U.A.E.
10.6.5.4 The Rest of the Middle East & Africa
11 Competitive Landscape (Page No. - 97)
11.1 Overview
11.2 Market Ranking
11.3 Vendor Dive Matrix
11.3.1 Vanguards
11.3.2 Innovators
11.3.3 Dynamic
11.3.4 Emerging:
11.4 Product Offering Comparison
11.5 Business Strategy Comparison
11.6 Competitive Situation & Trends
12 Company Profiles (Page No. - 104)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
12.1 Generac Holding, Inc.
12.2 Terex Corporation
12.3 Doosan Corporation
12.4 Atlas Copco
12.5 Wacker Neuson Group
12.6 Will-Burt Company
12.7 United Rental
12.8 Allmand Brothers, Inc.
12.9 Brandon Hire
12.10 P & I Generators, Ltd.
12.11 Coates Hire
12.12 Lambson’s Hire
12.13 Nixon Hire
12.14 Quzhou Valiant Machinery Co., Ltd.
12.15 Wanco, Inc.
12.16 Xylem, Inc.
12.17 Multiquip, Inc.
12.18 Ishikawa Machine Co., Ltd.
12.19 Himoinsa
12.20 MHM, Ltd.
12.21 Mainline Group
12.22 Perennial Technologies Pvt., Ltd.
12.23 Hireall
12.24 Zahid Tractor
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 148)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (71 Tables)
Table 1 Global Light Tower Market Snapshot
Table 2 Diesel vs Solar: Operational Cost Comparison
Table 3 Comparative Analysis of LED and Metal Halide
Table 4 Tier 4 Emission Standards for Non-Road Compression Ignition Engines
Table 5 Indian Emission Standards for Diesel Generator Sets Up to 75 Kw (2014)
Table 6 Europe: Proposed Stage V Emission Standard for Non-Road Engines (Nre)
Table 7 Light Towers Sales Market Size, By Light Type, 2015–2022 (USD Million)
Table 8 LED: Market Size, By Region, 2015–2022 (USD Million)
Table 9 LED: Market Size, By Wattage, 2015–2022 (USD Million)
Table 10 Metal Halide: Market Size, By Region, 2015–2022 (USD Million)
Table 11 Metal Halide: Market Size, By Wattage, 2015–2022 (USD Million)
Table 12 Light Tower Sales Size, By Fuel Type, 2015–2022 (USD Million)
Table 13 Diesel Powered: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Solar Powered: Light Towers Sales Market Size, By Region, 2015–2022 (USD Million)
Table 15 Direct Powered: Market Size, By Region, 2015–2022 (USD Million)
Table 16 Light Towers Sales Market Size, By End-User, 2015–2022 (USD Million)
Table 17 Construction: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Mining: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Oil & Gas: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Others: Market Sales Size, By Region, 2015–2022 (USD Million)
Table 21 Comparision of Light Tower Sales and Rentals
Table 22 Light Towers Market Size, By Market Type, 2015–2022 (USD Million)
Table 23 Light Towers Sales Market Size, By Region, 2015–2022 (USD Million)
Table 24 Light Towers Rental Market Size, By Region, 2015–2022 (USD Million)
Table 25 Market Size, By Region, 2015–2022 (USD Million)
Table 26 Market Size, By Region, 2015–2022 (USD Million)
Table 27 Asia-Pacific: Light Towers Market Size, By Market Type, 2015–2022 (USD Million)
Table 28 Asia-Pacific: Market Size, By Fuel Type, 2015–2022 (USD Million)
Table 29 Asia-Pacific: Market Size, By Light Type, 2015–2022 (USD Million)
Table 30 Asia-Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 31 Asia-Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 32 China: Market Size, By End-User, 2015–2022 (USD Million)
Table 33 Australia: Market Size, By End-User, 2015–2022 (USD Million)
Table 34 India: Market Size, By End-User, 2015–2022 (USD Million)
Table 35 Japan: Market Size, By End-User, 2015–2022 (USD Million)
Table 36 Rest of Asia-Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 37 North America: Light Tower Market Size, By Market Type, 2015–2022 (USD Million)
Table 38 North America: Market Size, By Fuel Type, 2015–2022 (USD Million)
Table 39 North America: Market Size, By Light Type, 2015–2022 (USD Million)
Table 40 North America: Market Size, By End-User, 2015–2022 (USD Million)
Table 41 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 42 The U.S.: Market Size, By End-User, 2015–2022 (USD Million)
Table 43 Canada: Market Size, By End-User, 2015–2022 (USD Million)
Table 44 Mexico: Market Size, By End-User, 2015–2022 (USD Million)
Table 45 Europe: Light Towers Market Size, By Market Type, 2015–2022 (USD Million)
Table 46 Europe: Market Size, By Fuel Type, 2015–2022 (USD Million)
Table 47 Europe: Market Size, By Light Type, 2015–2022 (USD Million)
Table 48 Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 49 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 50 The U.K.: Market Size, By End-User, 2015–2022 (USD Million)
Table 51 Germany: Market Size, By End-User, 2015–2022 (USD Million)
Table 52 Russia: Market Size, By End-User, 2015–2022 (USD Million)
Table 53 France: Market Size, By End-User, 2015–2022 (USD Million)
Table 54 The Rest of Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 55 South America: Light Tower Market Size, By Market Type, 2015–2022 (USD Million)
Table 56 South America: Market Size, By Fuel Type, 2015–2022 (USD Million)
Table 57 South America: Market Size, By Light Type, 2015–2022 (USD Million)
Table 58 South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 59 South America: Market Size, By Country, 2015–2022 (USD Million)
Table 60 Brazil: Market Size, By End-User, 2015–2022 (USD Million)
Table 61 Argentina: Market Size, By End-User, 2015–2022 (USD Million)
Table 62 The Rest of South America: Market Size, By End-User, 2015–2022 (USD Million)
Table 63 The Middle East & Africa: Light Tower Market Size, By Market Type, 2015–2022 (USD Million)
Table 64 The Middle East & Africa: Market Size, By Fuel Type, 2015–2022 (USD Million)
Table 65 The Middle East & Africa: Market Size, By Light Type, 2015–2022 (USD Million)
Table 66 The Middle East & Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 67 The Middle East & Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 68 Saudi Arabia: Market Size, By End-User, 2015–2022 (USD Million)
Table 69 South Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 70 U.A.E.: Market Size, By End-User, 2015–2022 (USD Million)
Table 71 The Rest of the Middle East & Africa: Market Size, By End-User, 2015–2022 (USD Million)
List of Figures (42 Figures)
Figure 1 Light Towers Market Segmentation
Figure 2 Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach (For Sales)
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia-Pacific Dominated the Light Towers Market in 2016
Figure 8 Construction & Mining Segment: Key Markets to Demand Light Towers During Forecast Period
Figure 9 Diesel Powered Light Tower Expected to Hold Lion’s Share By 2022
Figure 10 Metal Halide Held Major Share of Market in 2016
Figure 11 Growing Demand for Light Towers in Construction Industry Will Drive the Light Towers Market
Figure 12 Light Towers Sales Market Was Dominated By Asia-Pacific in 2016
Figure 13 Asia-Pacific Dominated Both Light Types Market in 2016
Figure 14 Asia-Pacific Dominated All Fuel Types Market in 2016
Figure 15 Construction Segment is Expected to Dominate the Market During the Forecast Period
Figure 16 Light Towers Market, Sales vs Rental, 2015–2022, (USD Billion)
Figure 17 High Growth of Construction Industry is Expected to Drive the Light Towers Market at A High Rate
Figure 18 Average Rig Count Change 2016–2017
Figure 19 Emission Regulation in the U.S. and Canada for Non-Emergency and Mobile Generator Sets
Figure 20 Emission Regulation in the U.S. and Canada for Stationary Emergency Standby Power
Figure 21 Europe: Stage Iii A, Iii B, and Iv Emission Standards for Non-Automobile Diesel Engines
Figure 22 Supply Chain
Figure 23 Light Tower Market Size, By Light Type, 2017 & 2022 (USD Million)
Figure 24 Market Size, By Fuel Type, 2017 & 2022 (USD Million)
Figure 25 Market Size, By End-User, 2017 & 2022 (USD Million)
Figure 26 Market Size, By Market Type, 2017 & 2022 (USD Million)
Figure 27 Regional Snapshot (Sales): Growing Markets are Emerging as New Hotspots
Figure 28 Light Towers Sales Market Size, By Region, 2017 & 2022 (USD Million)
Figure 29 Market Size, By Region, 2017 & 2022 (USD Million)
Figure 30 Asia-Pacific: Light Towers Market Overview (2016)
Figure 31 North America: Light Towers Market Overview (2016)
Figure 32 Companies Adopted New Product & Techchnology Launches as the Key Growth Strategy, 2014–2017
Figure 33 Market Ranking, Light Towers Sales, 2016
Figure 34 Light Tower: Vendor Dive Matrix
Figure 35 Market Evaluation Framework, 2014–2017
Figure 36 Battle for Market Share (2014–2017): New Product & Technology Launches Was the Key Strategy
Figure 37 Generac Holding, Inc.: Company Snapshot (2016)
Figure 38 Terex Corporation.: Company Snapshot (2016)
Figure 39 Atlas Copco: Company Snapshot (2016)
Figure 40 Wacker Neuson: Company Snapshot (2016)
Figure 41 United Rental: Company Snapshot (2016)
Figure 42 Xylem, Inc.: Company Snapshot (2016)
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Growth opportunities and latent adjacency in Light Tower Market