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Light Tower Rental Market Size - By Lighting, By Power Source, By Technology, By Application Analysis, Share, Growth Forecast, 2024 – 2032

  • Report ID: GMI5822
  • Published Date: Oct 2024
  • Report Format: PDF

Light Tower Rental Market Size

The global light tower rental market was valued USD 3.2 billion in 2023 and is estimated to grow at a CAGR of over 7.4% from 2024 to 2032. This growth is driven by increasing demand across industries including construction, mining, oil and gas. Additionally, factors like rise in infrastructure development projects, drive the need for temporary lighting solutions in remote and urban project sites.
 

Light Tower Rental Market

Moreover, shift toward eco-friendly and energy-efficient lighting options, including solar-powered and LED light towers, reflects growing environmental concerns and the push for sustainable practices. This trend has also led to more flexible rental terms as companies adapt to diverse project timelines and budgets.
 

Light Tower Rental Market Trends

The light tower rental industry is witnessing notable trends driven by rising environmental and operational demands across sectors. Also, adoption of energy-efficient light towers, including LED and solar-powered units is increasing, as companies prioritize sustainable practices and compliance with environmental regulations. Moreover, advancements in smart technology, including remote monitoring and automated scheduling, are also transforming the market, enabling rental companies to optimize fleet management and improve customer service.
 

Light Tower Rental Market Analysis

Light Tower Rental Market Size, By Lighting, 2022 – 2032 (USD Billion)

The LED sector is projected to exceed USD 4 billion by 2032. Increasing shift toward LED lighting technology is reshaping the segment, with LEDs providing longer lifespans, lower maintenance needs, and greater energy efficiency than traditional metal halide or halogen lights. Solar-powered light towers are also on the rise as companies focus on reducing fuel consumption and emissions, meeting environmental standards while cutting operational costs. Additionally, integration of remote-control systems, which allow users to monitor and adjust lighting intensity, direction, and maintenance needs, adding value and convenience for end-users in diverse industries.
 

Light Tower Rental Market Share, By Power Source, 2023

The diesel sector is projected to grow at a CAGR of over 6% through 2032, driven by demand for sustainable and efficient energy solutions. Diesel-powered light towers are in demand for their reliability and output, though there is a shift toward hybrid and solar options as companies aim to reduce their carbon footprint and meet environmental regulations. Additionally, advancements in battery technology are enabling longer operational times and quicker recharging, further enhancing the appeal of electric and hybrid light towers.
 

U.S. Light Tower Rental Market, 2022 – 2032 (USD Million)

The U.S. light tower rental market is likely to exceed USD 1.2 billion by 2032, driven by growing demand for energy-efficient lighting solutions, particularly LED and solar-powered towers. Additionally, the increase in infrastructure projects and outdoor events is driving the need for versatile rental options that can cater to diverse applications, from construction sites to festivals. Furthermore, technological advancements, including remote monitoring and automated systems, are enhancing operational efficiency and customer service, allowing rental companies to better manage their fleets.
 

The North America light tower rental market is set to cross USD 1.8 billion by 2032. Increasing construction activities and outdoor events drive demand for flexible rental agreements. Technological advancements, such as remote monitoring, enhance operational efficiency. Competitive pricing strategies are crucial as companies adapt to diverse customer needs in a highly competitive environment.
 

Light Tower Rental Company Market Share

Light Tower Rental Company Market Share Analysis, 2023

United Rentals holds a substantial share in the light tower rental industry due to its extensive fleet, broad geographic reach, and strong brand reputation. The company's commitment to providing diverse, energy-efficient lighting solutions, including LED and solar-powered options, aligns with industry trends. Additionally, United Rentals leverages advanced technology for fleet management and customer service, ensuring a competitive edge in meeting diverse client needs.
 

Light Tower Rental Market Companies

Major players operating in the light tower rental industry are:

  • Access Hire Australia
  • BigRentz
  • Caterpillar
  • Cooper Equipment Rentals
  • Guys Rents
  • The Home Depot
  • HSS Hire Group
  • Larson Electronics
  • MacAllister Machinery
  • Modern Energy Rental
  • Pro Tool & Supply
  • RentalYard
  • Sudhir Power
  • The Duke Company
  • United Rentals
     

Light Tower Rental Industry News

  • In April 2024, Larson Electronics launched a metal halide light tower designed for outdoor and industrial applications. This tower features a five-stage mast that extends to 35 feet and collapses to 10 feet. It is equipped with six 1,500-watt metal halide lamps, providing a total output of 9,000 watts. Each lamp utilizes a 19” or 23” aluminum reflector housing to distribute light in a flood pattern, illuminating large areas effectively. The light tower includes a remote ballast box with a 60-foot line-out cord, and it is operated using a manual winch with a 3/16” galvanized cable for mast elevation.
     
  • In December 2023, Atlas Copco launched its first hybrid light tower, the HMLT. This innovative product combines a diesel engine with a lithium-ion battery, allowing for extended operation times while significantly reducing fuel consumption and emissions. The HMLT can run for up to 100 hours on battery power alone, making it ideal for applications requiring continuous lighting, such as construction sites and events. Additionally, the light tower features four energy-efficient LED lights, which can be operated in various configurations to suit specific needs.
     

This light tower rental market research report includes an in–depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Lighting

  • Metal Halide
  • LED
  • Electric
  • Others

Market, By Power Source

  • Diesel
  • Solar
  • Direct
  • Others

Market, By Technology

  • Manual Lifting System
  • Hydraulic Lifting System

Market, By Application

  • 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
    • Mexico
  • Europe
    • UK
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Azerbaijan
    • Norway
    • Sweden
    • Poland
    • Netherlands
    • Belgium
    • Turkey
    • Finland
    • Denmark
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Thailand
    • Singapore
    • Malaysia
    • Philippines
    • Vietnam
    • Indonesia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Iran
    • South Africa
    • Egypt
    • Algeria
    • Nigeria
  • Latin America
    • Brazil
    • Argentina
    • Chile

 

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for light tower rental was reached USD 3.2 billion in 2023 and is estimated to grow at a 7.4% CAGR from 2024 to 2032, driven by increasing demand across industries including construction, mining, and oil and gas.

The LED sector is projected to exceed USD 4 billion by 2032, propelled by the shift towards LED lighting technology, which offers longer lifespans, lower maintenance needs, and greater energy efficiency.

The diesel sector is projected to grow at a CAGR of over 6% through 2032, led by the demand for sustainable and efficient energy solutions.

The U.S. light tower rental market is projected to exceed USD 1.2 billion by 2032, due to the growing demand for energy-efficient lighting solutions, particularly LED and solar-powered towers.

Major players in the light tower rental industry include Access Hire Australia, BigRentz, Caterpillar, Cooper Equipment Rentals, Guys Rents, The Home Depot, HSS Hire Group, Larson Electronics, MacAllister Machinery, Modern Energy Rental, Pro Tool & Supply, RentalYard, Sudhir Power, The Duke Company, and United Rentals.

Light Tower Rental Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 10
  • Countries covered: 41
  • Pages: 70
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