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Asia Pacific Light Tower Market Size By Product (Stationary, Mobile), 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 and South Korea, Australia, Vietnam), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026
Published Date: July 2020 | Publisher: Graphical Research Report ID: GR1386 | Delivery : PDF  Request Free Sample

Asia Pacific Light Tower Market Growth is set to witness rapid growth on account of rising demand from the development sector, mining and oil & gas industry coupled with market practices including round the clock infrastructure development. Ongoing investments toward technological development of solar panels and low emission products by manufacturers will complement the market growth. Rising concern regarding on road safety in remote areas and low cost associated with the product is further set to strengthen the business scenario.

Construction will undergo rapid growth owing to increasing investment from developing countries toward the infrastructure development coupled with rise in the number of renovation projects. Introduction of strict government regulations toward labor safety at construction sites along with maintenance and refurbishment trends are providing lucrative opportunities for market players. Additionally, rising safety standards in the construction industry will augment the business landscape.

Mobile light tower is set to register high growth rate on account of major construction activities in remote and underdeveloped locations combined with rising cases of fatal accident at the construction sites. High efficiency, ease of installation and reliability are few key characteristics positively impacting the business landscape. Stabilizing production lines resulting in lower cost will further boost the product adoption.

India will undergo significant growth owing to the favorable government policies including construction projects for smart cities, housing for all programs and introduction of standards including Make in India. An estimated USD 1.4 trillion channeled toward infrastructure overhaul over a span of 5 years will positively impact the product demand. In addition, ongoing R&D and technical development in terms of product design is anticipated to propel the demand for light towers.

Solar will witness strong growth on account of rise in adoption rates of clean sources of fuel coupled with the gradually expanding infrastructure for alternate energy. Growing environmental concern among economies and individuals alike will augment the market growth. Long term cost reduction along with technological breakthrough in terms of higher efficiency will complement the production adoption.

Major manufacturers in the market are looking toward strategic alliances and partnerships in order to expand their market share. Few key players in the market are Aska Equipments, Will-Burt, Generac, LTA, Terex, Progress Solar Solutions, Wacker Neuson, Atlas Copco, Light Boy, Chicago Pneumatic, Doosan, Trime, and Larson Electronics.

Frequently Asked Question(FAQ) :

Asia Pacific Light Tower Market Growth is set to witness rapid growth on account of rising demand from the development sector, mining and oil & gas industry coupled with market practices including round the clock infrastructure development.
India will undergo significant growth owing to the favorable government policies including construction projects for smart cities, housing for all programs and introduction of standards including Make in India. An estimated USD 1.4 trillion channeled toward infrastructure overhaul over a span of 5 years will positively impact the product demand. In addition, ongoing R&D and technical development in terms of product design is anticipated to propel the demand for light towers.
Major manufacturers in the market are looking toward strategic alliances and partnerships in order to expand their market share. Few key players in the market are Aska Equipments, Will-Burt, Generac, LTA, Terex, Progress Solar Solutions, Wacker Neuson, Atlas Copco, Light Boy, Chicago Pneumatic, Doosan, Trime, and Larson Electronics.

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