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Mobile Light Tower Market Size

Report ID: GMI4621
Published Date: Jan 2023
Report Format: PDF

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Mobile Light Tower Market Size

Mobile Light Tower Market size valued at USD 5.9 billion in 2023 and is projected to expand at over 6.2% CAGR from 2024 to 2032.

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Frequent weather-related catastrophes are set to drive the need for mobile light towers in emergency rescue operations. These lighting systems are used during rescue missions like night evacuation and are largely deployed during construction activities across remote locations. Rising geopolitical issues and military conflicts would foster the application of mobile light towers in reconstruction activities.

For instance, the Russia-Ukraine war has damaged most of the residential and commercial infrastructure across both nations with many reconstruction plans currently in place. As per a recent plan signed by the Unified Institute for Land Planning of the Russian Federation, the construction of new housing across 8,750,000 square meters in Mariupol will be conducted and completed by 2035. Such a vast range of rebuilding activities will potentially increase the demand for mobile light towers across Russia and Ukraine during the estimated period.

Mobile Light Tower Market Report Attributes
Report Attribute	Details
Base Year:	2023
Mobile Light Tower Market Size in 2023:	USD 5.9 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 10.1 Billion
Historical Data for:	2019 to 2023
No. of Pages:	1,130
Tables, Charts & Figures:	1,749
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 Increasing focus on energy efficiency Technological advancements
Pitfalls & Challenges:	High capital, installation & maintenance costs Shifting trends toward renewable equipment

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The high initial investment costs of mobile light towers will hamper product adoption. The high cost of these equipment is mainly due to the use of generators and many other power sources in each mobile light tower. Its cost is further elevated on account of the maintenance expenditure and other service costs that are aimed towards increasing the lifetime of the equipment. However, technological innovation in gensets and the adoption of advanced manufacturing solutions could help improve equipment efficiency as well as support the production of affordable mobile light towers in the forthcoming years.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of mobile light tower crossed USD 5.9 billion in 2023 and is poised to record more than 6.2% gains through 2032.

The solar power segment is anticipated to register nearly 8% growth rate between 2023 and 2032 owing to a growing shift towards solar lighting solutions that emits lesser emissions.

The Asia Pacific market is predicted to grow at over 7% CAGR through 2032 due to the rising residential construction activities across the region.

Chicago Pneumatic, Generac Power Systems, Inc., Progress Solar Solutions, Allmand Bros., Inc., DMI, Youngman Richardson, and The Will Burt Company are some of the leading mobile light tower manufacturers.