Asia Pacific to Dominate Light Towers Market During Forecast Period

Increasing investment for light towers operation in various end user industries such as construction, mining, oil & gas, events & sports, among others to drive the growth of global light towers market

According to TechSci Research report, “Global Light Towers Market By Mobility Type, By Mast Type, By Technology, By Fuel Type, By End User Industry, By Region, Competition, Forecast & Opportunities, 2025”, the global light towers market is expected to grow at a steady rate during the forecast period on account of the ever-increasing demand for energy especially from the oil & gas and mining industries. However, high maintenance costs, battery problems and inefficiency in the supply chain can hamper the growth of market during forecast period. Additionally, fluctuating prices of crude oil and high starting time can further restrict the growth of market during forecast period.

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The global light towers market is segmented based on mobility type, mast type, technology, fuel type, end user industry, company and region. Based on end user industry, the market can be fragmented into oil & gas, mining, construction and others. The construction industry is anticipated to dominate the market during the forecast years on account of the increased infrastructure development activities in residential, commercial and industrial spaces.

Generac Holding, Terex Corporation, Doosan Portable Power, Wacker Neuson, Atlas Copco, United Rental, Will-Burt Company, P&I Generators, Nixon Hire, Brandon Hire Station and others are some of the leading players operating in global light towers market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share. For instance, in April 2019, Doosan portable power expanded its distribution network by establishing a new branch location in Nevada, US. The authorized distributor offers, including air compressors, generators, light towers, and light compaction equipment.

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“Asia-Pacific is expected to dominate the global market for light towers during the forecast period, owing to the ongoing construction and infrastructural development activities in the region. Additionally, countries like China and India are investing heavily in developing transport infrastructure to support their economies. Furthermore, increased mining activity in the region is further projected to fuel the growth of light towers market in the region through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Light Towers Market By Mobility Type, By Mast Type, By Technology, By Fuel Type, By End User Industry, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global light towers market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global light towers market.

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