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Electric Light Tower Market Trends

Report ID: GMI8039
Published Date: Feb 2024
Report Format: PDF

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Electric Light Tower Market Trends

The electric light tower industry is witnessing notable trends driven by a global shift towards sustainability and technological advancements. Increasing emphasis on energy efficiency and reduced environmental impact has fueled the demand for LED-based light towers, offering both cost savings and lower carbon footprints. Integration of smart technologies, such as remote monitoring and automation, enhances operational efficiency and maintenance. The rise of renewable energy sources is influencing hybrid light towers, combining traditional power sources with solar or battery options.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market valuation of electric light tower was surpassed USD 431 million in 2023 and is slated to depict 6% CAGR between 2024 and 2032, attributed to the increasing demand for efficient and sustainable lighting solutions in construction, infrastructure development, and outdoor events.

Mobile electric light tower market size generated more than USD 399 million in 2023 and is projected to record lucrative growth through 2032, due to their widespread deployment to offer versatility and mobility.

North America electric light towers market is poised to expand at over 3.5% CAGR from 2024 to 2032, driven by the increasing emphasis on infrastructure development and construction projects across the region.

Some of the leading electric light tower firms are Allmand Bros., Inc., Atlas Copco AB, Axiom Equipment Group, Boss LTR, Chicago Pneumatic, Generac Power Systems, Inc., Hannaik, Herc Rentals Inc., Italtower srl, LARSON Electronics, TRIME s.r.l., and United Rentals, Inc.