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Solar Light Tower Market Trends

Report ID: GMI7180
Published Date: Dec 2024
Report Format: PDF

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Solar Light Tower Market Trends

The solar light tower industry is driven by key factors including renewable energy adoption for sustainability, hybrid model popularity, technological advancements, demand for portable lighting solutions, and preference for rental options. These trends are fueling market growth across industries. According to the International Energy Agency (IEA), global renewable electricity capacity additions reached nearly 295 GW in 2022, with solar PV accounting for 60% of this growth. This significant increase in solar capacity underscores the growing adoption of solar technologies, including light towers, in various sectors such as construction, events, and emergency services.

The rapid expansion of solar energy infrastructure supports the increasing demand for solar-powered lighting solutions, positioning solar light towers as a cost-effective and sustainable choice for businesses.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The global market for solar light tower was reached USD 1.8 billion in 2024 and is projected to grow at a 7.8% CAGR from 2025 to 2034, driven by the rising demand for sustainable and low-emission lighting solutions.

The rental services segment is expected to surpass USD 2.2 billion by 2034, as it offers cost-effective solutions for temporary projects, eliminating the need for significant upfront investments.

The solar mobile light tower market is anticipated to grow at over 7.5% CAGR through 2034, led by its portability and flexibility, which make it essential for remote and off-grid locations.

The U.S. solar light tower market is projected to exceed USD 670 million by 2034, supported by infrastructure development and the transition to renewable energy solutions.

Key players in the industry include Atlas Copco, Biglux Innovation, Caterpillar, CleanLight, Colorado Standby, Generac Mobile Products, GREENSKY MOBILE POWER & LIGHT, Herc Rentals, Larson Electronics, National Signal, Progress Solar Solutions, Sunbelt Rentals, Trime, United Rentals, VERMAC, Wacker Neuson, and WANCO.