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LED Light Tower Market Share

Report ID: GMI5652
Published Date: May 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of LED light tower was worth over USD 3.7 billion in 2023 and may record USD 6.9 billion by the end of 2032, owing to the ongoing infrastructural developments worldwide.

The rental channel segment exceeded USD 1.8 billion in 2022 and will expand through 2032, due to the higher adoption of economical services, such as renting to reduce the overall maintenance & operation expenses.

LED light tower market size from the construction sector will showcase over 7% CAGR from 2023 to 2032, driven by the swift commercialization worldwide.

The diesel power source segment held over 35% market share in 2022, attributed to growing need for low maintenance and easy accessibility.