Light Tower Market
Light Tower Market Analysis By Lamp (Halides, LEDs), By Power Source (Battery, Diesel, Solar), By End-use Industry (Construction, Mining, Oil & Gas, Commercial & Others) & Region – Global Market Insights 2023 to 2033
Analysis of Light Tower Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Light Tower Market Outlook (2023 to 2033)
The global light tower market is valued at US$ 1.63 billion in 2023 and is predicted to reach US$ 2.66 billion by 2033-end. Global demand for light towers is forecasted to rise at a CAGR of 5% from 2023 to 2033.
- The construction industry's increased focus on following safety rules and guidelines increasing the use of high-tech tools and construction techniques, which is boosting sales of light towers.
- Use of light towers in the construction industry accounts for 34% market share and is projected to evolve at a CAGR of 4.4% over the forecast period.
One or more high-intensity electric lights are mounted on a transportable device known as a light tower, which is used for a variety of purposes, including industrial, agricultural, and defense applications. The primary element driving the market is the new product development, along with energy-efficient lighting and minimal fuel usage.
The need for light towers is anticipated to be driven by the expanding use of LED lighting systems, expansion in the construction sector, and the desire for better and safer emergency lighting solutions. Additionally, the market is anticipated to gain from the expanding use of light towers in entertainment and sports, particularly for outdoor events.
Main factors driving the increase in demand for light towers during the projection period are the introduction of solar and battery-powered light towers and technological advancements leading to the use of LED technology for light towers. The market for light towers is also related to growth in infrastructure building projects.
Technological advancements are prompting new inventions in the light towers industry. With the enforcement of sustainable solutions for various fields by the governments, the light tower industry is focusing on using renewable energy resources that are durable and reduce environmental impact.
The use of fuels such as diesel along with more renewable alternatives such as battery-powered light towers are also contributing positively to the revenue of light towers. The need for commercial and industrial infrastructure is rising, which has resulted in a worldwide increase in the flow of foreign direct investments.
Major manufacturers have introduced new heavy-duty versions of tower lights for harsher deployments due to the rising demand for more robust and long-lasting light towers from sectors such as mining and construction.
- In 2020, Lind Equipment introduced the All-in-One Beacon LED Tower. Nearly 90% of Lind Equipment's sales come from rental operations.
Light Tower Market Size (2023)
US$ 1.63 Billion
Forecasted Market Value (2033)
US$ 2.66 Billion
Global Market Growth Rate (2023 to 2033)
Market Share of LEDs (2023)
United Kingdom Market Growth Rate (2023 to 2033)
South Korea Market Size (2033)
US$ 85.3 Million
United States Market Growth Rate (2023 to 2033)
Market Share of Construction Industry (2023)
Japan Market Growth Rate (2023 to 2033)
Key Companies Profiled
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What is Driving Global Light Tower Market Expansion?
“Increasing Popularity of Solar-powered Light Towers”
The global light tower market is set to witness mounting growth in the coming years, as a result of the increasing popularity of solar-powered light towers. These towers require a one-time set-up cost and are environmentally friendly.
An increase in oil inventories and processing plants will drive the adoption of light towers over the coming years. The market is expanding due to most developing and developed economies focusing on the development of better infrastructure to support numerous activities such as transportation and energy generation.
“Rise in Remote Location Industrial Activities”
The oil and gas industry faces challenges at workstations as they are situated in locations that are not easily accessible. In addition, unfavorable and harsh environments hamper work progress. At such locations, light towers serve as the best option, as they provide light for long periods.
The growing construction industry has further propelled the sales of light towers. The ever-widening spaces in urban areas and constantly changing infrastructure demand light towers that would help speed up the construction process. Thus, with the help of light towers, workers can work after sunset in the winter and rainy seasons too.
“Light Towers - Future of Entertainment Industry”
The entertainment industry, which includes film shooting and sports stadiums, is relying on light towers due to their usability factor. Light towers cover a wide range of space while covering an event.
Top manufacturers of light towers are focusing on reducing noise emissions while shooting or recording an event. This, in turn, has impacted the light tower industry positively.
“Increase in Infrastructure Activities”
The market for light towers is expanding rapidly as a result of increased infrastructure projects. Light towers are widely used for rescue operations, building sites, mining sites, and other locations.
When working at night in dark, isolated locations where adequate illumination is needed, light towers are a very useful piece of equipment on infrastructure construction sites for roads, sewers, power lines, and other infrastructure projects. Construction sites with light towers have higher worker productivity and safety.
How is Light Tower Sales Growth Being Restrained to Some Extent?
“High Maintenance Cost and Battery Issues”
Energy-efficient lighting system's high installation costs, might impede market expansion. Although light towers are useful for providing lighting in distant areas, there are still barriers to market expansion, such as high maintenance costs, battery issues, and a poor supply chain.
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What Strategies Should New Companies Focus on to Make a Mark in This Industry?
“New Market Players Should Focus on Offering Environment-friendly Lighting Solutions”
- Thermex introduced an electronic monitoring device, the Therma-Start™ Light Tower Runtime Controller. It is easy to install on any light tower unit and offers configurable start-up and shut-down timings and parameters. Fuel usage, maintenance expenses, and carbon footprint may all be significantly decreased by installing a Therma-Start™ controller.
New companies must follow such advancements by renowned companies to make a mark in this industry. They can use renewable energy resources for the functioning of light towers and the efficiency of light towers at different sights. Emerging market players should invest heavily in R&D operations to introduce environmentally friendly lighting solutions such as hybrid light towers to illuminate job sites throughout the night or in low light.
What is the Market Outlook for Light Towers in the United States?
“Rise in Construction Projects across the U.S.”
- The market in the United States is expected to reach US$ 663.6 million by 2033.
Strong growth of construction, oil & gas, and mining industries is driving market growth in the country. Key companies are increasingly viewing the United States from a target market perspective, on the back of the increasing popularity of solar-based light towers. Market growth in the United States is attributed to the rise in construction projects and substantial expenditures for infrastructure restoration in disaster-affected areas.
- The National Oceanic and Atmospheric Administration estimates that natural catastrophes caused the United States to sustain total losses of US$ 145 billion in 2021.
What Makes the United Kingdom an Appealing Market for Light Tower Suppliers?
“Increase in Oil & Gas Exploration Activities”
- The market in the United Kingdom is valued at US$ 71.7 million in 2023.
The market for light towers in the United Kingdom is driven by a rise in oil & gas exploration activities as well as the introduction of solar and battery-powered light towers. Rising infrastructure spending and rising demand for light towers from the underground mining sector for portable lighting solutions are boosting market value.
The market is expanding due to the huge adoption of cutting-edge LED technology for light towers. Another prospect for market development in the country for light towers is the presence of robust end-use industries using light towers.
Why is South Korea Prophesized to be an Opportune Market?
“Expanding Mining Activities in the Country”
- The market in South Korea is set to rise at a CAGR of 3% over the next ten years.
Growing emphasis on R&D projects by top manufacturers is supporting market expansion in South Korea. The need for light towers in the area is expected to be fueled by expanding infrastructure projects such as railway line construction and maintenance, bridge construction, and other civil operations.
The implementation of smart city programs is resulting in a lot of development projects, which are anticipated to have a positive impact on the market for light towers. The demand for light towers is expected to increase throughout the projection period as a result of expanding mining operations.
How is Japan Aiding Market Growth in Asia Pacific?
“Presence of Top Oil Refineries in Japan”
- The market in Japan is valued at US$ 112.4 million in 2023 and is slated to reach US$ 162.6 million by 2033.
The presence of top oil refineries is expected to boost market expansion in Japan over the coming years. Increasing government initiatives for infrastructure development and growing usage of tunnel lighting solutions are the key factors driving market growth.
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Why are LED Light Towers Experiencing High Demand Growth?
“LEDs Preferred Due to Their Higher Energy Efficiency”
The market is classified into halides and LEDs based on the lamp. Currently, LEDs hold 54% share of the global market.
LED lights possess a greater resistance to vibrations. In addition, the durability factor of the LED lights makes them efficient in harsh working conditions. LED lights also work for a longer period in comparison to other light types. LED light manufacturers have made the product affordable. LEDs are preferred due to their higher energy efficiency and operating features.
LEDs provide various eco-friendly advantages for organizations due to their capacity to reduce energy costs. Toxic substances such as lead and mercury are not used in the fixtures' lighting technology. The units may therefore be easily recycled and don't need special care while being thrown away. This also reduces the health hazards associated with industrial accidents.
Collaboration between key players and regional authorities for the development of infrastructure and lighting systems is set to remain the main strategy for regional as well as global players. Furthermore, focusing on the expansion of business through increasing sales offices and distribution centers to enhance presence across new and potential geographic clusters will be beneficial.
Key manufacturers of light towers are observed to be involved in quality control, material optimization, supply chain management, and product standards. They are focusing on new developments to introduce advanced products while following safety regulations.
For instance :
- In 2018, Wacker Neuson SE and MHE-Demag entered into an agreement to pursue growth opportunities in Southeast Asia.
- In August 2021, Generac Power Systems announced the expansion of its corporate operations into the Village of Pewaukee with the purchase of a new building.
Key Segments of Light Tower Industry Research
By Lamp :
By Power Source :
By End-use Industry :
- Oil & Gas
- Commercial & Others
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- FAQs -
The global light tower market is valued at US$ 1.63 billion in 2023.
By 2033, worldwide demand for light towers is set to reach a valuation of US$ 2.66 billion.
The market for light towers is expected to rise at a CAGR of 5% through 2033.
The market in Japan is set to develop at a CAGR of 3.8% from 2023 to 2033.
Wacker Neuson, Terex Corporation, and Atlas Copco are leading manufacturers of light towers.