LED Light Tower Market Size - By Channel (Sales, Rental), By Product (Stationary, Mobile), By Power Source (Diesel, Solar, Direct), By Technology (Manual Lifting, Hydraulic Lifting), By Application & Forecast, 2024 – 2032

LED Light Tower Market Size

LED Light Tower Market size valued at USD 3.7 billion in 2023 and is estimated to expand at 6.9% CAGR from 2024 to 2032. Ongoing escalation in infrastructural development coupled with favourable laws pertaining to safety measures across the construction site will drive the market growth. Burgeoning investments across the construction of roads, highways, and other means of transportation will boost the construction industry landscape, which in turn will boost the product deployment rate across the globe. In addition, efforts to connect rural areas with the cities through the construction of proper means of transportation will further stimulate the market revenue. In addition, advancement in light tower technology, including the deployment of LED bulbs over metal halide have complemented the product penetration owing to the numerous advantages of LED bulbs over metal halide.

LED light towers are equipment installed on various jobsites including dark indoor areas or night working conditions in order to keep the site safely lit in. There are distinct light tower lamp and lighting source options available for contractors to decide from, based on the job requirement. LED light towers utilize “Light Emitting Diode” (LED) bulbs that offer a range of advantages over other alternatives including metal halide, halogen, electric and others.  Mobile light tower market is slated to depict over 6% CAGR between 2023 and2032, driven by the Rising safety concerns in the construction sector.

Increasing severity & frequency of weather-related disasters have significantly necessitated quick availability of emergency medical and technical rescue services which has further enhanced the adoption of light tower systems. In addition, reconstruction of affected buildings has boosted the need for the construction industry, which in turn has further propelled the demand for LED light towers.
 

Rising government initiatives for smart city projects along with the rising number of construction projects across the globe is anticipated to stimulate the technology adoption. Moreover, burgeoning demand for commercial and industrial infrastructure has further boosted the influx of FDI, which has driven the LED light tower market positively through construction sector. The industry is witnessing technical advances in light towers, air compressors, and generators in terms of their durability, efficiency, O&M cost and reliability. Introduction of newer lighting technologies including LED over the last few years have further augmented the product penetration. Furthermore, integration of light towers with reliable and cleaner power source including fuel cells and various energy storage systems will propel the market demand globally.
 

COVID-19 Impact

The global economy has been severely impacted due to the COVID-19 pandemic. The pandemic impacted major world economies of North America, Europe, and Asia Pacific, where industries including manufacturing, engineering, and construction and all the supply chain aspects continue to be impacted. It has also delayed several projects including infrastructural development, modular & stick-built homes, and restructuring & renovation, impacting the LED light tower market size. However, a sudden surge in hospitalizations fuelled a need for construction of more hospitals across the globe to tackle the impact of the pandemic, which in turn boosted the demand for light towers in the later period of the pandemic. In addition, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations since late 2020 is set to fuel the construction industry, which in turn will enhance the industry growth.
 

LED Light Tower Market Trends

Global economic growth is enhancing the need for construction, mining and infrastructure development activities. The growing investments in the construction industry and the soaring demand for operations across these sites irrespective of weather & time will boost the demand for systems that offer continuous lighting, including LED light towers. For instance, as per the Bureau of Economic Analysis, construction nominal value accounted for 3.9% of the U.S. GDP, totaling to USD 987.9 billion in the second quarter of 2022. Light Towers (LTs) are primarily installed in remote outdoor locations or for operations that are challenging to link with the power grid.
 

Reliability, efficiency, and easy installation are the key factors positively impacting the product demand for military, industry & emergency services. The shifting focus toward environment sustainability, specifically in the developed economies including North America and Europe, is leading to a swift shift from conventional to environment-friendly lighting systems. For example, the adoption of LED light towers is increasing due to their high efficiency and reduced emission levels. The advent of technologically-superior machinery and construction methods along with the increasing strictness in safety standards will positively impact the business scenario.
 

LED Light Tower Market Analysis

The rental channel segment held a majority LED light tower market value of over USD 1.8 billion in 2022, owing to the gradual shift toward the adoption of economical services including renting to reduce the overall maintenance & operation expenses along with other costs incurred in the transportation of equipment. Swift technological innovations and stringent environment safety laws are compelling the major industry end beneficiaries to venture into rental options. Cost-effectiveness, improved system efficiency, increased durability, and easy availability are stimulating the rental business landscape.
 

The major companies including Generac Power Systems, Wacker Neuson, Allmand, Atlas Copco, and Doosan are developing their rental channels to gain a significant market foothold in the untapped rental industry. However, rapid industrialization, growing urbanization, and the increased investments prevalent across all regions are propelling the sale of LTs. In the recent years, more labour laws were introduced, which promoted policies to avoid casualties and accidents on jobsites, enhancing the product demand. Government funds & incentives, R&D, investments, technological advancements, innovations, and the demand for product upgrades are positively influencing the deployment of LTs.
 

The LED light tower market from the diesel power source accounted for 35% revenue share in 2022. These systems require low maintenance, are easily accessible, available with highly efficient diesel gensets and have high storage capacity, which has complemented its demand growth over the years. However, changing emission laws and targets across the globe has alarmed the diesel genset users to gradually shift toward cleaner and sustainable technologies including solar and fuel cells, which is bound to give a boost to the market penetration of these technologies.
 

LED light tower market from the construction sector is projected to grow at a CAGR of over 7% till 2032. Swift commercialization along with rapid growth in construction sector specifically in India and China will lead to an expansion in the potential for product deployment. Growing demand for reconstruction of residential, industrial and commercial establishments across U.S. owing to aftereffects of natural disasters including hurricanes will further drive the market value.
 

For instance, as per Associated General Contractors of America (AGC), construction sector accounted for 4.2% of the total U.S. GDP in 2021. Growing demand for tourism across the Middle East region will propel the construction statistics across the hotels and restaurant industry, which in turn will complement the LED light tower market growth. Moreover, the increased influx of funds in infrastructure development worldwide owing to the ongoing transport development and restoration of the existing structures will positively impact business growth. As per the U.S. Commerce Department, investments in the U.S. construction projects rose by 1.7% in January 2021 with funding in residential & non-residential construction rising by 2.5% and 0.4%, respectively.
 

Asia Pacific region is expected to note an increase in LED light tower deployment over the forecast timeline. The high industrial production of consumer appliances, automotive, and industrial machinery, most notably across India, China, and South Korea is driving LED light tower market size. India is witnessing positive development in economic conditions along with growing ventures in transport infrastructure, energy & housing projects. China is witnessing increased investments in the development & refurbishment of railways along with other advancements pertaining to construction & infrastructure. The government of China is investing USD 44 billion in Shanghai urban rail transit expansion, which is one of the most expensive projects in the recent times. The expansion includes nine rail projects categorized by six subway lines & three intercity lines to be constructed by 2023. The government has also set new targets aiming for 38,000 km by 2025 and 45,000 km by 2030.
 

The ongoing infrastructural development along with set goals will significantly increase the demand for LED LTs across China. For instance, in 2019, the National Development & Reform Commission (NDRC) approved 21 mega infrastructure projects in China worth USD 107.8 billion. The growing mining & construction industry across the region will also increase product adoption in the coming years.
 

LED Light Tower Market Share

The major companies operating in the market include:

• Doosan Portable Power
• Generac Power Systems Inc
• Larson Electronics
• Atlas Copco AB
• Caterpillar
• United Rentals Inc
• J C Bamford Excavators Ltd
• Multiquip Inc
• Wacker Neuson SE
• HIMOINSA
• Inmesol gensets, S.L.U.
• Trime S.r.l
• Youngman Richardson
• Colorado Standby
• Chicago Pneumatic
• Light Boy Co Ltd 
• Allmand Bros Inc
• DMI
   

 The Will Burt Company, Olikara Lighting towers Pvt. Ltd., Progress Solar Solutions, LTA Projects and Aska Equipments Private Limited.
 

The LED light tower market has witnessed an immense potential for growth on account of the development of cost-effective, compact, and efficient units. Major companies are engaging in backward and forward integration with raw material suppliers and rental service providers to gain a competitive advantage in the industry.
 

LED Light Tower Industry News:

• In November 2022, LARSON Electronics unveiled a variety of products including a 25-foot telescopic tower, 6,000 W water-cool diesel engine generator, and LED light tower. The LED light factory is driven by a diesel engine that turns a 4-pole single bearing generator to produce 6,000 watts at 120/240V & 60Hz. This light tower unit includes four LED lamps of 160-watt that produces a total of 86,400 lumens of light. In addition, the light tower unit is suitable for outdoor applications that include stadiums and construction sites.
   
• In September 2021, Atlas Copco AB launched the new V5+ HiLight LED light towers to significantly augment fuel savings up to 65%. These light tower models are perfect for the extremely tough site conditions including remote construction sites, temporary public lighting installations, infrastructure, outdoor events, road construction, and mining. In addition, it comprises a HardHat canopy as the usual standard, which guarantees the highest protection of internal parts. The light tower is standard for various drop applications and offers an easy-to-transport set of lighting alternatives that meet any site requirements.
   

This LED light tower market research report includes an in-depth coverage of the industry with estimates & forecast in terms of ‘000 Units & USD Million from 2019 to 2032, for the following segments:

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Market By, Channel (2019-2032)

• Sales
• Rental

Market By, Product (2019-2032)

• Stationary
• Mobile

Market By, Power Source (2019-2032)

• Diesel
• Solar
• Direct
• Others

Market By, Technology (2019-2032)

• Manual Lifting
• Hydraulic Lifting

Market By, Application (2019-2032)

• Construction
• Infrastructure Development
• Oil & Gas
• Mining
• Military & Defense
• Emergency & Disaster Relief
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
• Latin America
  • Brazil
  • Argentina