America Light Tower Market Size is Set To Register Lucrative Gains by 2026

Published Date: 2020-10-27

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According to the Graphical Research new growth forecast report titled “America 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 (U.S., Canada, Brazil, Argentina), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”, is Set To Register Lucrative Gains by 2026.

America Light Tower industry will experience a substantial growth owing to rising investments toward economical and infrastructural development. Growing urgency to continue construction activities regardless of weather and time accompanied by critical need to address the energy performance improvements by limiting GHG emissions will complement the market growth.

Mobile light tower market will grow on account of easy installation, operational efficiency and reliability. These units are deployed majorly across applications requiring frequent re-positioning of the lighting equipment. Enhanced deployment of energy efficient systems following successful integration of advanced technology coupled with cost reduction owing to effective manufacturing competences will strengthen the market outlook.

LED towers size will witness a considerable growth on account of rising industry preference toward adoption of low emission and energy efficient systems. LED lamps are vibration resistant due to absence of bulb filaments, thereby making them suitable for mining operations. Further, capability to facilitate extended lifespan, low fuel consumption and easy maintenance are some of the major factors stimulating the product adoption.

Easy availability of fuel on account of ongoing oil and gas exploration projects coupled with the economic viability of diesel fuelled systems will drive the product demand. Moreover, the ability of these units to facilitate operational suitability and offer prolonged product life is set to encourage the product adoption. Additionally, suitability of these systems toward a wider range of industry applications and their ability to offer cost effectiveness will positively enhance the market trends.

Frequent power cuts and recurrent natural calamities along with rising urgency to provide electricity to the calamity-stricken location in order to facilitate easy rescue operations is projected to fuel the product deployment. The easy access to lighting units on account of sturdy distribution networks and channels in conjunction with robust supply chain will further amplify the market growth.

Rapid industrialization coupled with rising project funding followed by growing implementation of O&G exploration projects is anticipated to drive the Brazil light tower market growth. For instance, as per EIA, in 2019, Brazil was ranked in the top ten oil producing nations of the world with production capacity of over 2.5 million barrels per day. Therefore, easy availability of fuel and enhanced deployment of light towers across the O&G sector will stimulate the industry landscape.

The eminent players are performing forward distribution with an aim to deliver the finished light towers directly to the installers or end consumers along with the facilitation of after sales services for sustaining their market position. In addition, the leading industry participants are forming strategic partnership, joint ventures and M&A with increased focus on benefitting from the economies of scale.

The key manufacturers operating across America include Will-Burt, Chicago Pneumatic, Terex Corporation, DMI Light Towers, Atlas Copco, Larson Electronics, LTA Projects, Generac, Wacker Neuson and J C Bamford Excavators.