November 11, 2020
According to a recent study titled ‘Europe Mobile Light Tower Market Size 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, Europe mobile light tower market is expected to showcase an appreciable growth rate through 2026.
Growing necessity for lighting solutions that aid in night-time operations and are capable of withstanding harsh weather conditions, along with sustained investments for infrastructure and economic development are the major factors driving Europe mobile light tower market growth, cites the study.
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Notably, easy installation, reliability, and high efficiency are the key benefits encouraging the adoption of portable light towers in sites which require regular repositioning of lighting units. Moreover, ongoing technological innovations and competitive pricing of these systems further enhances the industry outlook.
Besides, shifting preferences towards energy efficient systems with low carbon footprint is enhancing the demand for LED light towers. These units are prominently used in the mining industry owing to their strong resistance to vibrations due to absence of bulb filaments. Low fuel consumption, reduced maintenance, and extended lifespan of these products will continue to stimulate mobile light tower market in Europe.
Further, surging demand for lighting solutions in areas that are affected by natural calamities and frequent power cuts, and in search & rescue operations are adding momentum to Europe mobile light tower market expansion. In addition, easy availability of these lighting units due to rapid development of distribution channels and associated networks is complementing the regional industry growth.
Considering the geographical outlook, Russia is expected to contribute significantly to Europe mobile light tower market remuneration owing to rapid industrialization, increasing oil & gas exploration activities, and rise number of construction projects in the nation.
Companies that hold majority of Europe mobile light tower market share are Larsen & Toubro Limited, General Electric Company, Schneider Electric SE, Landis+Gyr AG, Apator SA, Sensus (Xylem, Inc.), Osaki Electric Co., Ltd., Elster Group GmbH (acquired by Honeywell International Inc.), Siemens AG, Aclara Technologies, LLC, Kamstrup A/S, and Itron Inc.