Europe Light Tower Market Value is anticipated to grow on account of surging refurbishment & modernization activities of existing industrial establishments coupled with rising investments toward the construction and infrastructure development. Introduction of strict government directives and mandates to promote environment sustainability followed by a critical requirement to limit emissions and to address energy performance improvements is anticipated to complement the market statistics.
Mobile light tower market will witness a surge on account of rising need for lighting in remote locations that involve O&G operations, construction activities and mining industry activities. Availability of wider range of tough and resistant mobile equipment in compliance with high quality standards coupled with growing urgency to avoid mishaps, happening particularly during night hours will encourage the product installation.
Stringent environment norms along with growing customer preference towards adoption of energy efficient and low emission structures will escalate the LED light tower industry growth. Heightened resistance to vibrations due to absence of filaments in these lights makes it a crucial component in mining industry. In addition, salient features including easy maintenance, extended lifespan, low fuel consumption and its ability to perform even in harsh weather will further drive the market size.
Rising global pressure on developed nations to lower their emission rate in conjunction with the introduction of tax credits policies favouring adoption of renewable and environment friendly systems will propel the solar based light towers industry growth. Introduction of local subsidies and availability of low-cost solar panels are the key factors that will fuel the mass product adoption.
Germany light tower market is projected to grow on account of increasing government initiatives aimed at enhancing country’s infrastructure coupled with shifting focus toward the renewable and eco-friendly energy source. Moreover, diversified applications in railway line constructions, mining & construction areas and in the off-grid areas along with rising legislative incentives and regulations to promote energy efficient light tower will positively influence the product penetration.
Key industry vendors across the market comprises of Luxtower, Wacker Neuson Group, The Will-Burt Company, Terex Corporation, Generac Power Systems, Atlas Copco, Doosan Portable Power, J C Bamford Excavators, Larson Electronics LLC, Trime Srl, Chicago Pneumatic, and Inmesol SL.