Shibuya-ku, Tokyo, Japan, Japan, Apr 13, 2021, 07:05 /Comserve / -- The global light towers market size is projected to reach USD 5.7 billion by 2025 from estimated revenue of USD 4.7 billion in 2020, at a CAGR of 5.7% during the forecast period.
The factors driving the market include increasing investment in oil & gas and construction infrastructure spending across global regions such as North America, Europe, and Asia Pacific.
Note: Others include sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017—Tier 1: USD 1 billion, Tier 2: from USD 1 billion to USD 500 million, and Tier 3: The global light towers market is dominated by leading players that have an extensive regional presence. The leading players in the light towers industry include Generac Holding (US), Terex Corporation (US), Doosan Portable Power (US), Wacker Neuson (Germany), Atlas Copco (Sweden), and United Rental (US) and others.
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“Rental segment is expected to dominate the light towers market.”
The rental segment is expected to be the largest market, by market type, during the forecast period. The growth is evident owing to the rising demand for light towers in short time/temporary projects in construction infrastructure projects, events & sports, mining, and oil & gas sectors.
“Diesel segment is expected to dominate the light towers market. “
The diesel segment of the market, by fuel type, is estimated to be the largest during the forecast period. The growth is attributed to the easy and long reliability of diesel power light towers. In addition, in remote and off-grid applications where access to grid power is non-existent, diesel light towers are increasingly used. Solar/hybrid is the second-largest market in terms of demand for light towers.
“North America to lead the global light towers market in terms of value.”
North America is the largest light towers industry, followed by Europe and Asia Pacific. The market is projected to be the fastest-growing market during the forecast period owing to rising investments in construction infrastructure development, oil & gas exploration activities, and mining sector operations in the US and Canada. The market is driven further by the presence of many global manufacturers and rental providers of light towers in the countries.
Breakdown of Primaries
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Research Coverage:
The report defines, describes, and forecasts the light towers industry, by market type, fuel type, light type end-user, and region. It also offers detailed qualitative and quantitative analyses of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the light towers market.
Key benefits of buying the report:
The report will help market leaders/new entrants in this market in the following ways:
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Reasons to buy the report:
The report will help market leaders/new entrants in this market by providing them with the closest approximations of the revenues for the overall light towers market and the sub-segments. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way. The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION 33
1.1 OBJECTIVES OF THE STUDY 33
1.2 DEFINITION 34
1.2.1 LIGHT TOWER MARKET, BY MARKET TYPE: INCLUSIONS & EXCLUSIONS 34
1.2.2 LIGHT TOWER MARKET, BY LIGHT TYPE: INCLUSIONS & EXCLUSIONS 34
1.2.3 LIGHT TOWER MARKET, BY FUEL TYPE: INCLUSIONS & EXCLUSIONS 34
1.2.4 LIGHT TOWER MARKET, BY END USER: INCLUSIONS & EXCLUSIONS 35
1.3 MARKET SCOPE 36
1.3.1 MARKET SEGMENTATION 36
1.3.2 REGIONAL SCOPE 36
1.4 YEARS CONSIDERED FOR THE STUDY 37
1.5 CURRENCY 37
1.6 LIMITATIONS 37
1.7 STAKEHOLDERS 38
1.8 SUMMARY OF CHANGES 38
2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 1 LIGHT TOWER MARKET: RESEARCH DESIGN 39
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 40
FIGURE 2 DATA TRIANGULATION METHODOLOGY 40
2.2.1 SECONDARY DATA 41
2.2.1.1 Key data from secondary sources 41
2.2.2 PRIMARY DATA 41
2.2.2.1 Key data from primary sources 42
2.2.2.2 Break-up of primaries 43
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