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Asia Pacific Mobile Light Tower Market Size

Report ID: GMI7095
Published Date: Oct 2023
Report Format: PDF

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Asia Pacific Mobile Light Tower Market Size

Asia Pacific Mobile Light Tower Market was valued at USD 1.5 billion in 2023 and is estimated to grow at over 7.4% CAGR during 2024 to 2032. Rapid urbanization, infrastructure development, and industrial expansion in the region have led to increased construction and roadwork activities, creating a high demand for mobile light towers to ensure efficient and safe operations during night hours. In a significant move, the National Development & Reform Commission (NDRC) granted approval to 32 substantial infrastructure projects in China in April 2022, collectively valued at an impressive USD 81.6 billion.

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The growing need for emergency lighting solutions during natural disasters and unforeseen events fuels the market. The adoption of mobile light towers in various applications, including construction, mining, and outdoor events, is on the rise, driven by their portability, fuel efficiency, and advanced features. As governments and industries prioritize safety and productivity, the market is expected to witness steady growth.

Asia Pacific Mobile Light Tower Market Report Attributes
Report Attribute	Details
Base Year:	2023
Asia Pacific Mobile Light Tower Market Size in 2023:	USD 1.5 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	7.4%
2032 Value Projection:	USD 2.9 Billion
Historical Data for:	2019 to 2023
No. of Pages:	370
Tables, Charts & Figures:	474
Segments covered:	Lighting, Power Source, Technology, Application
Growth Drivers:	Increasing intensity & frequency of weather-related disasters Rising safety concerns in the construction sector Soaring infrastructural funding Increasing focus on energy efficiency Technological advancements
Pitfalls & Challenges:	High capital, installation & maintenance costs Shifting trends toward renewable equipment

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of mobile light tower in APAC was worth USD 1.5 billion in 2023 and is projected to exceed USD 2.9 billion by 2032, driven by the rapid urbanization, infrastructure development, and industrial expansion.

The LED lighting solutions segment generated more than USD 860 million in 2022 and is set to record over 8.5% CAGR from 2023 to 2032, attributed to the significant developments in LED lighting technology, including improvements in energy efficiency, brightness, and color accuracy.

China mobile light tower industry size surpassed USD 400 million in 2022 and is projected to reach 790 million by 2032, owing to the rapid urbanization and infrastructure development initiatives in the country.

Some of the major mobile light tower firms are Doosan Portable Power, Generac Power Systems, Inc., LARSON Electronics, Atlas Copco AB, Caterpillar J C Bamford Excavators Ltd., Wacker, Trime S.r.l., Allmand Bros Inc., and Aska Equipments Private Limited.