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Manual Lifting Mobile Light Tower Market Size

Report ID: GMI7344
Published Date: Nov 2023
Report Format: PDF

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Manual Lifting Mobile Light Tower Market Size

Manual Lifting Mobile Light Tower Market was valued at USD 3.3 billion in 2022 and is anticipated to register at a CAGR of over 5% during 2023 and 2032. The increasing need for portable and versatile lighting solutions in various industries, including construction, mining, and outdoor events, has fueled demand for manual lifting light towers. These towers offer mobility and easy setup, making them ideal for temporary lighting needs. Additionally, the growing emphasis on energy-efficient and environmentally friendly lighting options has driven the adoption of LED-based light towers, which are often manual lifting.

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The expansion of construction and infrastructure development projects worldwide has boosted the market growth across major regions including North America and others. For instance, data from the US Census Bureau reveals a substantial uptick in the total value of new private construction in the United States, surging to $1.4 trillion in 2022, a marked increase from the $505.3 billion recorded in 2010. This is expected to boost the technology demand across the country as these projects often require temporary lighting solutions to enhance safety and productivity. Overall, the manual lifting light tower market growth is driven by its versatility, energy efficiency, and its ability to cater to diverse industries and applications.

Manual Lifting Mobile Light Tower Market Report Attributes
Report Attribute	Details
Base Year:	2022
Manual Lifting Mobile Light Tower Market Size in 2022:	USD 3.3 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.4%
2032 Value Projection:	USD 5.7 Billion
Historical Data for:	2019 to 2022
No. of Pages:	555
Tables, Charts & Figures:	741
Segments covered:	Lighting, Power Source, Application
Growth Drivers:	Increasing intensity & frequency of weather-related disasters Rising safety concerns in the construction sector Soaring infrastructural funding Increasing focus on energy efficiency Technological advancements
Pitfalls & Challenges:	High capital, installation & maintenance costs

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Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of manual lifting mobile light tower was worth USD 3.3 billion in 2022 and is projected to grow at a CAGR of over 5% through 2032, backed by the increasing need for portable and versatile lighting solutions.

The diesel segment is projected to register more than 3.5% CAGR through 2032, as diesel-powered mobile light towers are leverage across diverse sectors like construction, mining, and remote infrastructure endeavors, for their exceptional reliability and adaptability.

Asia Pacific manual lifting mobile light tower market is driven by the region's robust urbanization and infrastructure development, which in turn have led to increased construction activities, necessitating efficient and versatile lighting solutions, thus boosting the product demand.

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, and HIMOINSA among others.