America Mobile Light Tower Market Size will witness growth on account of upsurge demand from the oil & gas, construction and mining industry among others along with the rising need for round the clock infrastructure overhaul. Ongoing technological advancement including development of low emission technologies and solar panels will strengthen the business scenario. Moreover, increasing concerns regarding road safety specifically in remote regions and decline in product cost will complement the product adoption.
Construction will witness high growth owing to the emerging economies directing investments toward infrastructure overhaul along with rising demand for refurbishing projects. Strict government directives in regard to labor safety at jobsites sites coupled with increasing maintenance needs of existing infrastructure are resulting in the development of new revenue streams for the market players.
Canada is set to undergo rapid growth on account of government authorities strategy of directing investments toward infrastructural expansion. For instance, the country’s overall investment toward this development amounted to USD 85.8 billion in 2018. In addition, ongoing R&D activities along with rising funds toward technological advancements will augment the product adoption.
LED is set to undergo rapid growth on account of the ease of maintenance, extended shelf life and high energy efficiency. Rising consumer focus toward environment sustainability & energy efficiency supported by government policies to adopt green lighting systems will complement the business scenario. Moreover, emphasis on development of basic infrastructure including highways connecting remote regions is anticipated to contribute positively toward the product adoption.
Solar light tower market will witness rapid growth on account of the increasing adoption of alternative sources of power along with the growing infrastructure for green energy. Widespread environmental concerns among government authorities and individuals alike alter the demand toward the product. High initial cost can act as a major hinderance, however lower maintenance & variable cost in the long run will offset any major restraint in the market.
The industry manufacturers are extensively engaging in vertical integration with an aim to reduce overall cost and investing in the development of a strong distribution channel. Furthermore, developing their rental offerings to adapt to the market demand is enabling the major players to scale their revenue. Few key players in the market are ITC Power, MPMC, Powerbaby, Biglux Light Boy Co., Ltd and Aska amongst others.