According to the research report titled ‘ASEAN Light Tower Market Share By Product, 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, ASEAN light tower market is anticipated to witness considerable expansion during 2020-2026.
 

Factors such as rising investments towards infrastructural development, growing environmental concerns regarding greenhouse gas emissions, and favorable government initiatives towards environmental sustainability are augmenting the growth of ASEAN light tower market size.
 

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Additionally, increasing adoption of round clock operations coupled with escalating demand for modernization and refurbishment of old infrastructure are further stimulating the ASEAN light tower market outlook.
 

Based on lighting, ASEAN light tower market from the LED light towers segment is expected to grow significantly through 2026. Growing environmental concerns, surging demand for sustainable and low-emission technologies, and advantageous attributes of the product such as fuel efficiency, low maintenance, and great performance in harsh weather conditions are fostering the growth of the segment.
 

With regards to technology, the hydraulic lifting segment is projected to witness unprecedented expansion over the forecast period, owing to technological superiority of the product as compared to manual lifting, rising adoption of automation, and technological advancements in the business.
 

As per the country-level analysis of the report, Indonesia is predicted to emerge as a major growth avenue for ASEAN light tower market over 2020-2026. Rising government investments towards infrastructural development, widespread applications of the product across several verticals, and vast customer base are propelling the growth of the business in Indonesia.
 

Leading companies that define the ASEAN light tower industry trends are Light Boy Co., Ltd., Doosan Corporation, Larson Electronics LLC, Atlas Copco Group, Terex Corporation, Generac Holdings Inc., The Will-Burt Company, and Aska Equipments Limited.