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Premium Report Details
Base Year: 2024
Companies covered: 16
Tables & Figures: 20
Countries covered: 21
Pages: 148
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Light Tower Market
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Light Tower Market Size
The global light tower market was at USD 6.8 billion in 2024 and is estimated to reach the value of USD 12.2 billion by 2034, growing at a CAGR of 6% from 2025 to 2034. The development of industrialization, investment in the energy infrastructure, and the growing use of renewable energy are driving the market. Increased construction developments, infrastructure developments, and growing need for portable lighting solutions are driving the market growth.
The light tower market is transforming due to the adoption of energy-efficient and eco-friendly technologies, particularly LED and solar-powered units. In addition, there is an increasing trend towards hybrid-battery powered models due to promotional regulations on emissions coupled with sustainability requirements. Lastly, the Department of Energy’s 2023 protocol has mandated a 25% reduction in energy use for all forms of bulbs.
Due to affordable leasing solutions for short-term projects, the rental segment continues to dominate the market share. Although North America and Europe continues to be the main markets, other regions, particularly Asia-Pacific, are emerging as new demand centers due to increased urbanization and industrial growth. The European Commission has set forth plans to bolster investment in the continent's power grids, allocating USD 638.6 billion for the upgrade by 2030.
Also, the competition is impacted by new product development, maintenance and servicing of the equipment to ensure its reliability, and customer service. Market competitors are reinforcing their selling points to increase their share in the region.
However, barriers including high expenses for purchasing equipment and fluctuating prices for materials, also exist in the industry. The market is advancing with greater emphasis on eco-friendly approaches, streamlined business processes, and services based on renting equipment.
Light Tower Market Trends
Light Tower Market Analysis
Light Tower Market Share
The top 6 companies in the light tower industry include Generac Power Systems, Atlas Copco, Doosan Portable Power, Wacker Neuson, Allmand Bros and United Rentals, which collectively hold over 40% of market share in 2024. These firms strengthen their competitive positions by leveraging sophisticated product portfolios and established global distribution networks.
Generac Power Systems holds a significant market share due to its well-developed distribution network, wide variety of products, and constant improvement of products. The company’s acquisition of Magnum Products further enhanced its position in the market by adding LED and hybrid light towers to the company’s portfolio.
The company’s growth stems from the demand from construction, oil and gas, along with emergency response activities. In 2022, the company introduced its MLT6 series of mobile light towers. These offer a smaller footprint coupled with longer operational time for construction and industrial use.
Light Tower Market Companies
Major players operating in the hydronic pumps industry are:
Light Tower Industry News
This light tower market research report includes in-depth coverage of the industry with estimates & forecast in terms of “USD Million’ & ‘000 Units” from 2021 to 2034, for the following segments:
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Market, By Channel
Market, By Product
Market, By Lighting
Market, By Power Source
Market, By Technology
Market, By Application
The above information has been provided for the following regions and countries: