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North America Light Tower Market Size

Report ID: GMI7197
Published Date: Oct 2023
Report Format: PDF

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North America Light Tower Market Size

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.

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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.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America light tower was worth USD 1.8 billion in 2022 and is estimated to surpass USD 2.9 billion by 2032.

The North America light tower market from rental segment is expected to exhibit over 5.5% CAGR from 2023 to 2032, owing to cost-effectiveness, streamlined logistics, ready availability, and convenient maintenance & support.

U.S light tower market was valued at over USD 1.3 billion in 2022 and is anticipated to cross 1.9 billion by 2032, owing to the growth of infrastructure and construction projects, including roadwork, building construction, and oil & gas operations.

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, Trime S.r.l., Colorado Standby, Chicago Pneumatic, Allmand Bros Inc., and Aska Equipments Private Limited.