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    Light Towers Market | Covid-19 Impact Analysis

    Light Towers Market | Covid-19 Impact Analysis

    Light Towers Market | Covid-19 Impact Analysis
    Report code - SRCG166 Delivery - 2 Weeks
    Light Towers Market Size, Share, Trend, Forecast, & Industry Analysis – 2020-202 See more...
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    Impact of COVID-19 on Light Towers Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Light Towers Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Light Towers Market Insights

    Light Towers Market is likely to witness a CAGR of 5.7% during the forecast period. The major factor driving the light towers market is the increasing investment towards light towers operation in end-use industries such as construction, oil & gas, mining, and events & sports.

    Light Towers Market - Snapshot

    Growth

    5.7% for the next five years

    Major Market Type

    Rental

    Dominant Fuel Type

    Diesel Fuel

    Region with the highest demand

    North America

    Key Players

    Generac Holding, Terex Corporation, Doosan Portable Power, Wacker Neuson, Atlas Copco, and United Rental

     

    Market Share Analysis

    Light-Towers-Market-Dominant-Segments

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    Light Towers Market Share: By Market Type

    Based on the market type, the market is segmented as sales and rental. The rental segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Strong demand from North America and Asia-Pacific along with the need for lower capital investment is the major factor driving the rental segment.

    Light Towers Market Share: By Light Type

    Based on the light type, the light towers market is segmented as metal halide and LED. The metal halide segment dominated the market in 2019, owing to increased demand from oil & gas and mining industries. On the other hand, the LED segment is expected to witness a higher growth, during the forecast period, owing to the increasing demand for energy efficient lighting systems.

    Light Towers Market Share: By Fuel Type

    Based on the fuel type, the market is segmented as diesel, solar/hybrid, and direct power. The diesel segment held the largest share of the market in 2019, owing to the fact that these light towers are operated in remote off-grid locations where access to grid power is non-existent. Further, diesel fuel is comparatively economical than other fuel sources.

    Light Towers Market Share: By Region

    In terms of regions, North America is estimated to be the largest light towers market during the forecast period. Strong investment towards infrastructure development and increasing oil & gas activities are the major factors driving the North American market. Asia-Pacific is expected to be the fastest-growing market, with China, Singapore, South Korea, Japan, and India being the major countries with lucrative growth opportunities.

    Light-Towers-Market-By-Region

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    Some of the major suppliers in the light towers market are-

    • Generac Holding
    • Terex Corporation
    • Doosan Portable Power
    • Wacker Neuson
    • Atlas Copco
    • United Rental

     

    Market Scope & Segmentation

    Light Tower is a permanent or stationary source of flood flight, which is ideal for use in a wide array of industries. Light tower can be categorized based on light type into metal halide and LED.  These towers are powered through diesel, solar/hybrid, and direct power. They are widely used in industries such as oil & gas, mining, construction, events & sports, and others.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Light Towers Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The light towers market is segmented into the following categories. 

    Light Towers Market Size, Share, & Forecast, by Market Type:

    • Sales (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rental (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Light Towers Market Size, Share, & Forecast, by Light Type:

    • Metal Halide (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • LED (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Light Towers Market Size, Share, & Forecast, by Fuel Type:

    • Diesel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Solar/Hybrid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Direct Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Light Towers Market Size, Share, & Forecast, by End-Use Industry Type:

    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Events & Sports (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Light Towers Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Light-Towers-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Light Towers Market in the foreseeable future?

    The light towers market is expected to witness an impressive growth of 5.7% CAGR in the foreseeable future.

    Who are the key players in the Light Towers Market?

    Generac Holding, Terex Corporation, Doosan Portable Power, Wacker Neuson, Atlas Copco, and United Rental are among the key players in the light towers market.

    Which country/region is expected to be the largest Light Towers Market?

    North America is expected to be the largest light towers market during the next five years.

    What is the major factor driving the Light Towers Market?

    The major factor driving the light towers market is the increasing investment towards light towers operation in end-use industries such as construction, oil & gas, mining, and events & sports.

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