Light tower Market report provides a picture on the light tower market and its types across industries and regions. It aims at estimating the market size and future growth potential of this market across different segments such as fuel type, end-user, market type, light type, and regions.
The light tower market is projected to grow at a CAGR of 6.1% from 2017 to 2022. The report identifies and addresses key markets for instrument transformers, which would help suppliers review the growth in the demand for the product.
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Asia-Pacific: The largest market for light tower
Asia-Pacific is currently the largest market for light towers followed by North America, Europe, and the Middle East & Africa. The market in the Asia-Pacific region is projected to grow at a higher rate, with China expected to dominate the market.
The growth of the construction and mining sector in countries such as India, China, and Australia are expected to fuel the light tower market.
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
The Various Top key Light tower providers discussed in the report are given below:
Generac Holding, Inc, Terex Corporation, Doosan Corporation, Atlas Copco, Wacker Neuson Group, Will-Burt Company, United Rental, Allmand Brothers, Inc. Brandon Hire, P & I Generators, Ltd, Coates Hire, Lambson’s Hire, Nixon Hire, Quzhou Valiant Machinery Co., Ltd., Wanco, Inc, Xylem, Inc, Multiquip, Inc, Ishikawa Machine Co., Ltd, Himoinsa, MHM, Ltd, Mainline Group, Perennial Technologies Pvt., Ltd, Hireall, Zahid Tractor.
The light tower sales market is projected to reach USD 2.72 billion by 2022, light tower sales market growing at a CAGR of 6.1% from 2017 to 2022. Get Direct order to Complete Report Copy on “Light tower market” spread across 157 pages, profiling 24 companies and supported with 71 tables and 42 figures is now available at www.rnrmarketresearch.com/contacts…hase?rname=969927
Light towers are used by the construction industry, oil & gas sector, mining industry, and others, which includes agriculture, airports, emergency services, military, rentals, social & sports events, and motion pictures. Light towers mainly come with two types of light, namely, metal halide lights and LED lights.
The growth of light towers is driven by a rapid growth in the construction industry, growing investment in the oil & gas sector, and restart of investment in the mining industry. The large unorganized market is a main restraint for the growth of the light tower market.
High initial cost of solar-powered light towers and LED lights ,is the main challenge for the solar-powered LED light tower market segment.
Construction end-user segment is expected to grow at the highest CAGR from 2017 to 2022
Based on end-user of light towers, the construction end-user segment is estimated to be the fastest growing segment from 2017 to 2022. A rapid growth in the construction sector in the Asia-Pacific region is expected to drive the market for global light tower.
Countries such as China and India are investing heavily in the developing transport infrastructure to support their growing economies, which is expected to drive the construction end-user segment during the forecast period.
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The report provides a picture on the light tower market and its types across industries and regions. It aims at estimating the market size and future growth potential of this market across different segments such as fuel type, end-user, market type, light type, and regions.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, SWOT analysis, recent developments, and key market strategies.
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