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Light Tower Rental Market Size

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

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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.

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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 Report Attributes
Report Attribute	Details
Base Year:	2023
Light Tower Rental Market Size in 2023:	USD 3.2 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7.4%
2032 Value Projection:	USD 6.2 Billion
Historical Data for:	2021 - 2023
No. of Pages:	70
Tables, Charts & Figures:	10
Segments covered:	Lighting, Power Source, Technology, Application
Growth Drivers:	Increasing intensity & frequency of weather-related disasters Rising safety concerns in the construction sector Soaring infrastructural funding
Pitfalls & Challenges:	Increasing operational downtime

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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.