According to the research report titled ‘Light Tower Market Size By Product (Stationary, Mobile), By Lighting (Metal Halide, LED, Electric), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global light tower market is likely to amass revenues worth USD 4 billion by the year 2026.
 

Focus towards electrifying remote locations, rising importance of lighting solutions in construction and emergency situations, and rapid urbanization are some of the major factors propelling global light tower market growth.
 

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Based on product landscape, global light tower market share from stationary segment is predicted to expand at 5% CAGR through 2026. Stationary lights provide lower maintenance and easy installation.  Growing demand for lighting solutions, rising number of smart city projects, and increasing infrastructural development are fueling the segmental share.
 

As per lighting type, the report states that metal halide segment is likely to register substantial growth during the study period. Such lighting solutions have been witnessing significant recognition owing to their cost-effectivity and longer lifecycle. Metal halides are also known to offer exceptional color rendering properties as well as crisp and bright output. Thus, rising adoption of metal halides lamps in warehouses, stadiums, and parking lots are favoring the overall market scenario.
 

Moving on to technology type, the manual lifting segment is expected to record a compound annual growth rate of 6% through 2026. Manual lifting systems aid in enhancing safety by providing light to remote and inaccessible areas.
 

Highlighting the application scope, the report claims that construction sector accounted for 25% share in global light tower market in the year 2019. Widespread adoption of light towers during construction applications are facilitating the overall business scenario.
 

On the other hand, emergency and disaster relief segment is expected to showcase an 8% CAGR during 2020-2026, primarily due to growing significance of light towers in such scenarios. Since light towers are quite user friendly and can be easily moved, the product plays a critical role during disaster or emergency situations.
 

Regionally, Middle East & Africa captured 7% revenue share in global light tower market in 2016 and is likely to showcase similar growth in the ensuing years. Mounting infrastructural development coupled with growing industrialization are favoring the regional market outlook.
 

The prominent companies operating in global light tower market are Inmesol S.L., Trime S.r.l., Youngman Richardson & Co. Ltd., Colorado Standby, J C Bamford Excavators Ltd., Larson Electronics LLC, Chicago Pneumatic, Doosan Portable Power, Light Boy Co. Ltd., DMI Light Towers, Olikara Lighting Towers, Wacker Neuson Group, Atlas Copco, Progress Solar Solutions LLC, LTA Projects, Terex Corporation, Generac Power Systems, Aska Equipments Ltd., and The Will-Burt Company among others.