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North America Solar Light Tower Market Trends

Report ID: GMI9108
Published Date: Apr 2024
Report Format: PDF

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North America Solar Light Tower Market Trends

The solar light tower market across North America is augmenting owing to the growing uptake of LED lighting technology, known for its enhanced energy efficiency and extended lifespan over conventional metal halide lamps. Additionally, hybrid solar light towers, integrating solar power with diesel generators, are witnessing increased demand for consistent illumination during prolonged periods of low sunlight. Furthermore, advancements in lithium-ion batteries and alternative storage technologies are enhancing efficiency and dependability of systems, fostering their utilization across diverse sectors. These enhancements allow users to refine energy usage, track system effectiveness, and conduct remote diagnostics, thereby enriching the value proposition of solar light towers in market.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of North America solar light tower was reached USD 547.4 million in 2023 and will witness 6% CAGR till 2032, owing to the numerous benefits offered by solar light towers, including reducing energy consumption and carbon emissions.

The rental segment in the North America solar light tower market will record USD 560 million by 2032, attributed to cost-effectiveness of the technology, as it eliminates need for large upfront investments in purchasing and maintaining these systems.

The U.S. solar light tower market is projected to cross USD 613 million by 2032, with the thriving construction and infrastructure development sectors in the country.

Atlas Copco AB, Axiom Equipment Group, Caterpillar, Colorado Standby, DOMINIGHT LLC, Generac Mobile Products, Globe Power, GREENSKY MOBILE POWER & LIGHT, Herc Rentals Inc., National Signal Inc. and Pacific Highway Rentals