Home > Energy & Power > Electrical Equipment > Light Towers > North America Light Tower Market
North America Light Tower Market was valued at USD 1.9 billion in 2023 and is set to witness 4.8% CAGR from 2024 to 2032. The expanding construction and infrastructure development projects in the region have increased the demand for temporary lighting solutions, making light towers indispensable at job sites, particularly in remote or non-electrified areas. Growing number of fatalities across industrial sector, primarily across construction industry, compels the industrialists to setup effective lighting to reduce the fatality.
The energy industry, including oil and gas operations and renewable energy projects, relies on light towers for efficient and safe operations during day and night. Additionally, the need for emergency lighting during natural disasters and events, such as hurricanes or wildfires, has further fueled the market. Technological advancements have led to more energy-efficient and environmentally friendly light tower models, aligning with sustainability goals and regulations in North America. This combination of construction, energy sector requirements, disaster preparedness, and innovation has propelled the robust market growth.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
North America Light Tower Market Size in 2023: | USD 1.9 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 4.8% |
2032 Value Projection: | USD 2.9 Billion |
Historical Data for: | 2019 to 2023 |
No. of Pages: | 260 |
Tables, Charts & Figures: | 314 |
Segments covered: | Channel, Product, Lighting, Power Source, Technology, Application |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The COVID-19 pandemic initially disrupted the North America light tower market, causing project delays and reduced investments in construction and energy sectors. However, as essential industries adapted to the pandemic's challenges, the market rebounded due to the growing need for temporary lighting solutions for emergency healthcare facilities and essential infrastructure projects. Moreover, the focus on worker safety and remote job sites increased demand for light towers in the construction and energy sectors, contributing to market recovery.
The light tower market in North America is witnessing several notable trends, due to the growing emphasis on energy efficiency and environmental sustainability, leading to the adoption of LED lighting technology in light tower designs, reducing energy consumption and emissions. The integration of advanced telematics and remote monitoring systems has improved operational efficiency and maintenance, enhancing the overall functionality of light towers. In addition, shift toward versatile and mobile light towers with features like solar power options and hybrid models reflects the market's response to demand for flexible, eco-friendly solutions.
Based on channel, the North America light tower rental market is expected to observe gains ate nearly a 5.5% up to 2032, benefiting from several advantageous factors. These factors encompass cost-effectiveness, streamlined logistics, ready availability, and convenient maintenance and support. The increasing trend of renovation and refurbishment activities in residential, industrial and commercial sectors has created a favorable environment for the rental services of light tower technology, particularly in countries like the United States and Canada. The surging demand for construction activities has further amplified the necessity for temporary lighting solutions, thus propelling the market share of rental services.
Based on product, the mobile light towers segment is set to register at a 6.5% growth rate till 2032. The flexibility and mobility of these units have made them increasingly popular in a variety of applications, including construction, events, infrastructure projects, and emergency response. Mobile light towers provide the advantage of quick deployment to remote or temporary work sites, offering efficient and powerful illumination, which is crucial for nighttime operations.
The LED lighting solutions exceeded USD 1 billion in 2022 and is likely to attain 5.5% CAGR through 2032. The growth of LED technology in light towers can be attributed to significant advancements in recent years, leading to heightened demand for LED-based units. These advancements encompass enhanced energy efficiency, increased brightness, and superior color accuracy, all contributing to superior lighting quality when compared to traditional lighting sources. Moreover, in response to environmental concerns, governments in the region are introducing regulations aimed at reducing carbon emissions and promoting sustainable energy solutions.
The diesel-powered units accounted for 35% of the market share in 2022. These units have played a significant role in the market's expansion due to their reliability, portability, and ability to provide robust and continuous illumination in a wide range of applications. Diesel-powered light towers are commonly used in construction, infrastructure development, events, and emergency response scenarios.
The North America light tower market has experienced notable growth attributable to advancements in manual lifting technology. The introduction of innovative and user-friendly lifting mechanisms has significantly improved the efficiency and convenience of deploying light towers. Manual lifting technology, such as easy-to-operate telescopic masts and hydraulic systems, enables swift and hassle-free vertical adjustment of lighting equipment.
U.S light tower market was worth USD 1.3 billion in 2022 and is anticipated to reach 1.9 billion by 2032. The growth of infrastructure and construction projects, including roadwork, building construction, and oil and gas operations, has led to a substantial demand for temporary lighting solutions, propelling the market. The increasing need for reliable emergency lighting during natural disasters and public events has further fueled the adoption of light towers. Additionally, the ongoing shift toward energy-efficient and eco-friendly lighting technologies, such as LED, has been a prominent trend, enhancing the market's sustainability and reducing operational costs.
In the North American light tower industry, Generac Power Systems, Inc. stands out as a key player, commanding a significant market share. Generac's prominent position can be attributed to its extensive range of reliable and versatile light tower solutions, designed to meet the diverse needs of various industries, including construction, events, and emergency services. Their light towers are known for their robust performance, advanced LED lighting technology, and user-friendly features, making them highly sought after in the region. Generac's commitment to innovation, quality, and customer support has contributed to its strong market presence and the trust of customers looking for efficient and durable lighting solutions in North America.
The major contenders in the North America light industry market include:
Click here to Buy Section of this Report
By Channel
By Product
By Lighting
By Power Source
By Technology
By Application
The above information has been provided for the following countries: