April 05, 2021
According to the recent research report 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 appreciable growth trends over 2020-2026.
Increasing investments towards infrastructural and economic development, along with surging demand to facilitate uninterrupted operations irrespective of time and weather adversities are the key factors propelling Europe mobile light tower market growth.
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Further, easy installation, reliable operations, high efficacy will propel Europe mobile light tower industry expansion. These units are mainly used at operational sites where the lighting units must be repositioned on a regular basis. Besides, implementation of new technologies and energy-efficient systems, as well as their cost effectiveness will improve the industry outlook.
These units are often used in the mining industry owing to their ability to withstand vibrations due to the absence of bulb filaments. Low fuel usage, longer life cycle, and low maintenance requirements will also augment Europe mobile light tower market share.
Growing usage of portable light towers as a result of frequent power outages caused by natural disasters is anticipated to contribute to the industry remuneration. These disaster-stricken areas need temporary illumination in order to promote rapid search and rescue operations.
Furthermore, mobile light tower market in Europe will benefit from the easy availability of lighting units on account of amplified distribution channels & networks.
Considering the geographical ambit, Russia mobile light tower industry is projected to record a decent growth through 2026, owing to increasing oil & gas exploration activities, coupled with multiplying construction projects, and rapid industrial expansion.
Major players influencing Europe mobile light tower market dynamics are Osaki Electric Co. Ltd., Landis+Gyr AG, General Electric Company, Larsen & Toubro Limited, Schneider Electric SE, Sensus (Xylem Inc.), Apator SA, Honeywell Elster, Siemens AG, Aclara Technologies LLC, Kamstrup A/S, and Itron Inc. These behemoths are concentrating on forward distribution in order to sell end products directly to customers and provide after-sales services. They are also focusing on mergers and acquisitions to reduce production costs and thus sustain the competition.