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Light Tower Rental Market Trends

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

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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.

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.