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mobile light tower
Mobile light tower market revenue is expected to exceed $3. 1 billion through 2031
WILMINGTON, DELAWARE, USA, Dec. 13, 2023 /EINPresswire/ —
According to a new report published by Allied Market Research, the cell light tower market size is valued at $1. 9 billion in 2021, and the cell light tower industry is expected to reach $3. 1 billion by 2031, growing at a CAGR of 5. 2% from 2022 to 2031.
A cellular light tower, also known as a portable light tower, is a device designed to provide transient protection for outdoor applications. These towers are commonly used at structure sites, roadworks, emergency reaction situations, outdoor events, and other environments where transient protection is required. necessary.
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North America mobile light tower market would exhibit CAGR of 4.9% during 2022-2031.
Top Companies
Terex Corporation, Generac Power Systems Inc., Wacker Neuson Group, Larson Electronics LLC, Doosan Portable Power, Colorado Standby, Westquip Diesel Sales, The Will-Burt Company, Youngman Richardson & Co. Ltd, Atlas Copco AB, Inmesol Gensets SL, J C Bamford Excavators Ltd, Xylem Inc., Wanco Inc., and BMI Group.
Increased infrastructure activities are particularly contributing to the expansion of the cellular light tower market. Light towers are used in mining sites, fate twist sites, structure sites, rescue solutions, and others.
Mobile light towers are portable lighting solutions that contain a set of electric lamps attached to the top of a mast. Light towers are located to remove darkness from a designated area. The mast is attached to a trailer-like base that serves as an anchor to balance the tower, allowing the unit to be towed from one site to another.
Light towers are very useful equipment on infrastructure construction sites such as railways, highways, or roadways, sewers, power lines, and other infrastructure projects during night operations in remote places where insufficient light is present and good illumination is required.
Light towers on construction sites increase the safety of workers and productivity.
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The progression of new products is the key trend that is followed throughout the operation in the mobile light tower market.
For example, in 2021, Generac Power Systems, Inc. , an American company that manufactures backup power generation products, developed a product called Generac’s V20 PRO Tower, which is an all-in-one mobile light tower that can be used with others the fuel systems like diesel, battery, hybrid, external power and solar power in one machine. The Generac V20 PRO tower comes with a number of external resources to charge the batteries, adding a solar panel kit, generator and AC power.
In light towers, energy is generated from diesel, solar power, batteries, or hybrid systems to light the bulbs. Light towers are used in construction, infrastructure development, the oil and fuel industry, mining, military, and defense, as well as in emergency and crisis situations.
By power source, the diesel segment accounted for the largest share in 2021.
By lighting type, the steel halide segment is the leading segment in 2021.
By technology, manual segment was the leading segment in 2021.
By application, construction segment was the leading segment in 2021.
Impact of Covid-19 on Global Mobile Lighting Tower Market
The pandemic outbreak has not only caused infections and deaths, but has also had a negative effect on the global economy. Mining corporations have been severely affected by the pandemic. Global restrictions to encourage social distancing have a negative effect on mining and structural projects, which have been slowed down or suspended for additional notice. The virus is expected to spread faster in mining and drilling spaces due to employee harvesting. As a result, corporations have been forced to suspend operations to save it. the spread of the novel coronavirus. The above has seriously affected the expansion of the cellular light tower market.
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However, after vaccination projects between evolved and emerging countries led to a slow easing of social distancing restrictions. In addition, the government has invested huge revenues to revive the stagnant global economy, structure, and mining industries. The mentioned projects and policies will provide lucrative cellular light tower market opportunities for market development.
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About us
Allied Market Research (AMR) is a comprehensive market research and business consulting arm of Allied Analytics LLP founded in Portland, Oregon. Allied Market Research provides global companies as well as small and medium-sized businesses with “market research reports” and “business intelligence solutions” of unmatched quality. AMR has a specific vision of providing business insights and guidance to its clients to make strategic business decisions and achieve sustainable expansion in their respective market domain.
Pawan Kumar, CEO of Allied Market Research, leads the organization to deliver high-quality insights and ideas. We maintain professional relationships with corporations, which helps us extract market knowledge that helps us generate accurate study knowledge tables and confirms maximum accuracy in our market forecasts. Each of the insights presented in the reports we publish are drawn from number one interviews with senior executives from leading corporations in the field. Our secondary knowledge acquisition method includes in-depth online and offline studies and discussions with expert industry professionals. and analysts.
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