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Solar Mobile Light Tower Market Trends

Report ID: GMI7220
Published Date: Oct 2023
Report Format: PDF

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Solar Mobile Light Tower Market Trends

The solar mobile light tower industry is undergoing several noteworthy trends. There is a growing focus on intelligent and interconnected solar mobile light towers. These units are now equipped with IoT-enabled sensors and remote monitoring capabilities, enabling real-time performance evaluation and more effective maintenance. Additionally, sustainability and environmental consciousness continue to take center stage, with an increasing preference for solar mobile light towers over conventional diesel-powered alternatives, driven by environmental regulations and cost-efficiency considerations.

The hybrid solar towers are gaining a substantial demand across the globe, as these units combine Solar PVs with other renewable energy sources like hydrogen fuel cells or wind turbines, which in turn ensures extended and more dependable power generation. Innovative battery technologies play a pivotal role, integrating high-capacity and long-lasting batteries to enhance operational hours and overall system dependability.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of solar mobile light tower was worth more than USD 1.6 billion in 2023 and is anticipated to expand at over 8% CAGR from 2024 to 2032, driven by the increasing emphasis on sustainable and environmentally friendly lighting solutions due to the mounting environmental concerns.

Solar mobile light tower industry from the LED lighting solutions segment generated USD 880 million in 2022 and is estimated to expand at over 9% CAGR from 2023 to 2032, owing to the significant advancements in the LED technology for improved energy efficiency, heightened brightness, and superior color accuracy.

Asia Pacific market for solar mobile light tower is set to exhibit over 9% growth rate from 2023 to 2032, driven by the robust expansion of the construction industry across the region which has surged the need for portable and adaptable lighting solutions.

Some of the top firms engaged in the global market are Progress Solar Solutions, LLC, Atlas Copco AB, Generac Mobile Products, Larson Electronics, Caterpillar, Wacker Neuson SE, Trime S.r.l., GREENSKY MOBILE POWER & LIGHT, VERMAC, and Herc Rentals Inc., among others.