Home > Energy & Power > Electrical Equipment > Light Towers > North America LED Light Tower Market
North America LED Light Tower Market Size
North America LED Light Tower Market size was accessed at USD 1.1 billion in 2023 and is projected to grow at a CAGR of 5.7% between 2024 and 2032. The growing demand for energy-efficient and environment friendly lighting solutions across various industries such as construction, events, and emergency services is fuelling market growth. Additionally, advancements in LED technology, offering superior brightness, durability, energy efficiency and compatibility with various power sources, continue to drive adoption.
For instance, Generac Power Systems Inc. launched the V20 PRO lighting tower in 2021, engineered for seamless compatibility with various power sources such as battery, diesel, hybrid, solar and external power sources, which in turn is anticipated to grow its penetration across the region.
Report Attributes | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.1 Billion |
Forecast Period: | 2024 - 2032 |
Forecast Period 2024 - 2032 CAGR: | 5.7% |
2032 Value Projection: | USD 1.9 Billion |
Historical Data for: | 2019 to 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 267 |
Segments covered: | Channel, Product, Power Source, Technology, Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
North America LED Light Tower Market Trends
The North America LED light tower industry is experiencing steady growth due to increasing demand for energy-efficient lighting solutions across construction, oil & gas, and infrastructure sectors. Growing collaborations and partnerships amongst key players further fuel the market growth. In January 2021, Atlas Copco AB announced that it has partnered with Tracpart Mining Supplies, a provider of spare parts for the mining and agricultural sectors, to supply four V5+ LED light towers mounted on custom-designed double-axle trailers. Additionally, the trend towards rental services for LED light towers is gaining traction, offering cost-effective and flexible solutions to end-users.
North America LED Light Tower Market Analysis
LED light towers are distributed through channels where they are either sold directly to end users or rented out as needed, depending on the requirements. North America LED light tower rental segment held a substantial share in the last few years and is anticipated to cross USD 1 billion by 2032. This trend is fuelled by the advantages of flexibility and cost-effectiveness offered to end-users, particularly in sectors such as construction, events, and infrastructure projects.
Rental services provide businesses with the ability to access high-quality LED light towers without the upfront investment, while also offering the convenience of scaling operations according to specific project needs, which in turn drive its adoption across the region.
Categorized by product type, LED light towers come in stationary and mobile variants. Forecasts suggest that the North America LED light tower market for mobile towers is projected to witness a CAGR surpassing 5.5% through 2032. Factors such as rising construction activities, infrastructure development projects, and emphasis on energy-efficient lighting solutions are propelling the market forward. Mobile light towers offer versatility, portability, and energy efficiency, making them preferred choices across various industries.
U.S. LED light tower market is poised to surpass USD 1.2 billion by 2032, driven by growing demand for energy-efficient lighting solutions across industries, spurred by environmental concerns. Government initiatives promoting LED adoption further propel market growth. For instance, The FDA has introduced an FD2 requirement applicable to all LEDs utilized in general or localized area illumination, such as lamps and light bulbs.
Additionally, continuous technological advancements in LED technology enhance performance and durability, making LED light towers increasingly attractive for various applications like construction and events, thus boosting its penetration across the nation.
North America LED Light Tower Market Share
Generac dominates the North American LED light tower industry due to its comprehensive product range, including high-quality and durable LED lighting solutions tailored for various applications. Their established reputation for reliability, innovation, and customer support further solidifies their substantial market share. Additionally, strategic partnerships, effective distribution channels, and a strong brand presence contribute to Generac's dominance in meeting the region's lighting needs.
North America LED Light Tower Market Companies
Some of the key market players operating across the North America LED light tower industry are:
- Aska Equipments Private Limited
- Allmand Bros Inc.
- Atlas Copco AB
- Boss LTG
- Caterpillar
- Chicago Pneumatic
- Colorado Standby
- DMI
- DOMINIGHT LLC
- Doosan Portable Power
- Generac Power Systems, Inc.
- J C Bamford Excavators Ltd.
- LARSON Electronics
- Mase Generators of North America, LLC
- Multiquip Inc.
- OLIKARA LIGHTING TOWERS PVT LTD
- Progress Solar Solutions
- The Will Burt Company
- Trime S.r.l.
- United Rentals, Inc.
- Wacker Neuson SE
North America LED Light Tower Industry News
- In October 2021, Generac introduced the GLT light tower, expanding its global lighting solutions. The GLT boasts extended runtimes, up to 20% longer than previous models, along with an integrated fuel control system to prevent spills and enhance serviceability. Its versatile platform accommodates both stationary and mobile usage, offering improved performance and return on investment for users.
- In January 2021, Atlas Copco debuted a noise-minimized LED light tower designed to operate quietly, particularly in residential and urban settings. This diesel-powered tower is tailored for applications requiring minimal noise disruption, such as outdoor events where audience enjoyment is paramount. With a focus on safety and illumination quality, these light towers aim to create brighter environments, fostering productivity for users.
The market research report for LED light tower in North America includes an in–depth coverage of the industry with estimates & forecast in terms of units and revenue in ‘000 Units and USD Million from 2019 to 2032, for the following segments:
Click here to Buy Section of this Report
Market, By Channel
- Sales
- Rental
Market, By Product
- Stationary
- Mobile
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 countries:
- U.S
- Canada
- Mexico
Frequently Asked Questions (FAQ) :