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Asia Pacific Mobile Light Tower Market By Lighting (Metal Halide, LED, Electric), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), By Application (Construction, Infrastructure Development {Highway Construction, Railway Line Construction, Bridge Construction}, Oil & Gas, Mining, Military & Defense, Emergency & Disaster Relief), Industry Analysis Report, Country outlook (China, Japan, India, South Korea, Australia, Vietnam), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026
Published Date: July 2020 | Publisher: Graphical Research Report ID: GR1384 | Delivery : PDF  Request Free Sample

Asia Pacific Mobile Light Tower Market Share will undergo rapid growth owing to the rise in demand from the construction, mining and oil and gas industry among others coupled with the increasing demand for round the clock infrastructure development. Technological advancement including development of solar panels and low emission technologies allowing manufacturers to develop new products will aid the business scenario. Increasing concern regarding road safety in remote areas and comparative decline in cost will augment the product adoption.

Construction will register high growth rate on account of developing economies, increasing investments towards infrastructure development coupled with rising demand for refurbishing projects. Stringent government policies regarding worker safety at construction sites along with maintenance and building refurbishment trends are providing new revenue streams for the players in the market. Additionally, rising safety concerns in the construction sector will positively impact the product demand.

India is set to witness rapid growth on account of several favorable government initiatives including Make in India, development of several smart cities and housing for all programs. The authorities plan on directing investments amounting to USD 1.4 trillion towards infrastructure overhaul in the next 5 years further boosting the product demand. Moreover, increasing investment towards technological development in the country will propel the demand for mobile light towers.

LED will undergo significant growth owing to the high energy efficiency and easy maintenance coupled with the extended shelf life. Operation characteristics including low emission rates result in end consumers gravitating towards the product. Government authorities authorizing the development of highways and other basic infrastructure connecting remote areas within this region is projected to drive the market growth.

The solar light tower will undergo rapid growth owing to the increasing adoption rates of renewable sources of power coupled with the expanding infrastructure for renewable energy. Widespread environmental concern among individuals and government authorities alike direct demand toward the product. Despite high initial cost, long term cost reduction is an attractive characteristic that are convincing users to invest in the product rather than other alternatives. Ongoing R&D activities along with technological breakthroughs improving the overall efficiency of the product will further strengthen the business scenario.

Manufacturers are engaging in vertical integration with an aim to reduce overall cost and investing in the development of a strong distribution channel. They are developing their rental offerings to adapt to the market demand further enabling major players to scale their revenue. Few key players in the market are Aska equipment, Will Burt, Generac, Terex, Atlas Copco, Larson Electronics, Doosan and Light Boy among others.

Frequently Asked Question(FAQ) :

Asia Pacific Mobile Light Tower Market Share will undergo rapid growth owing to the rise in demand from the construction, mining and oil and gas industry among others coupled with the increasing demand for round the clock infrastructure development.
India is set to witness rapid growth on account of several favorable government initiatives including Make in India, development of several smart cities and housing for all programs. The authorities plan on directing investments amounting to USD 1.4 trillion towards infrastructure overhaul in the next 5 years further boosting the product demand. Moreover, increasing investment towards technological development in the country will propel the demand for mobile light towers.
Few key players in the market are Aska equipment, Will Burt, Generac, Terex, Atlas Copco, Larson Electronics, Doosan and Light Boy among others.

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