October 09, 2020
According to the research report titled ‘America Mobile Light Tower Market By Lighting, Power Source, Technology, Application, Industry Analysis Report, Country outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, America mobile light tower market is anticipated to attain substantial expansion during 2020-2026.
Rising number of infrastructure development projects, favorable government initiatives towards the establishing smart cities, and growing concerns regarding labor safety are bolstering the growth of America mobile light tower market.
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Furthermore, recovering oil & gas and mining verticals are stimulating the industry outlook. However, lack of product demand from primary applications as a result of the outbreak of the COVID-19 pandemic are expected hamper America mobile light tower industry expansion throughout the study timeframe.
Based on lighting type, America mobile light tower industry from the LED segment is predicted to record significant growth through 2026. Stringent regulations in order to limit GHG emissions, increasing research & development activities, and beneficial product attributes such as fuel-efficiency, longer shelf-life, high performance, and ability to withstand severe weather conditions are fostering the growth of the segment.
With regards to power source, the diesel segment is projected to expand considerably over the forecast period. Rising investments by industry players towards enhancing product portfolio along with advantageous characteristics such as affordability, high availability of the fuel, and enhanced scalability as well as flexibility are responsible for the expansion of the segment, which in turn is favoring America mobile light tower market outlook.
As per the country-level analysis, U.S. is predicted to emerge as a major growth avenue for America mobile light tower market over 2020-2026. Increasing infrastructural development in manufacturing and logistics sectors, high occurrence of operational injuries, and favorable government initiatives towards labor safety are fostering the growth of U.S. mobile light tower industry.
Leading players that outline the America mobile light tower industry trends are Generac Holdings Inc., Larson Electronics LLC, Doosan Corporation, Biglux Light Boy Co. Ltd., Aska Equipments Limited, MPMC Powertech Corporation, ITC Holdings Corp., and Teesin Machinery Pte Ltd (Powerbaby).