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APAC Light Tower Market Size to Rear Excessive Growth by 2026

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According to the Graphical Research new growth forecast report titled “Asia Pacific Light tower Market 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, South Korea, Australia, Vietnam), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”, to Rear Excessive Growth by 2026.

Asia Pacific Light Tower Market Share will witness a surge in demand owing to the rising investment toward infrastructure development and the subsequent construction coupled with the need for round the clock operations. Government mandates to promote environmental sustainability along with the need to reduce emission rates will augment the market growth. Rising demand for modernization and refurbishment of existing old infrastructure will further stimulate the business scenario.

LED light towers will witness high demand on account of growing environmental concern among economies and individuals alike coupled with the need to adopt sustainable and emission-less structure.  Low fuel consumption, easy maintenance, extended lifespan and high performance in harsh weather conditions are few critical factors which will aid the market growth. High cost associated with the product may act as a hurdle, although energy efficiency mandates will propel the product demand.

Hydraulic light tower will undergo major growth owing to the rising automation trend coupled with a higher efficiency rate. Technological superiority of the product over manual light towers coupled with stringent safety regulations will further boost the product demand. Additionally, increasing trend of retrofitting of conventional light towers with hydraulic systems is set to augment the business landscape.

Mobile light towers will register high growth rate owing to rise in demand from remote locations coupled with increasing demand for safety at construction sites. Easy maneuverability, efficient transportation and high efficiency rate are some of the key factors projected to drive the product demand. Additionally, widespread application across industries along with expanding customer base will encourage the product adoption.

Key players in the Asia Pacific Light Tower Market are currently engaging in vertical integration in order to reduce cost and invest in establishing a distribution and logistical channel. Key players aim to develop their rental offerings to tap the demand and increase their revenue. Some of the major manufacturers in the market are Will Burt, Generac, Larson Electronics, Doosan, Light Boy, Aska equipment, Terex, and Atlas Copco among others.