Mobile Light Tower Market

Global Mobile Light Tower Market Size (2024 to 2029):

The Global Mobile Light Tower Market was worth USD 5.45 billion in 2023 and is anticipated to reach a valuation of USD 8.29 billion by 2029 from USD 5.84 billion in 2024, and it is predicted to register a CAGR of 7.24% during the forecast period 2024-2029.

MARKET SCENARIO

Mobile Light towers are towable equipment with one or more high-power electric lamps with telescopic pole mounting. The mast can be fixed or adjustable in its operations, which is attached to a trailer that consists of a generator set to power the light panels. The lamps used in light towers are usually made of metal halide and the generator set is powered by a diesel engine. Light towers are very useful in road works and other applications, especially where fuel economy and mobility prevail. Light towers are primarily used for remote outdoor operations or locations that are difficult to connect to the main electrical grid, making them a vital source of lighting during construction activities. The positive outlook for the global construction industry is increasing the demand for mobile light towers.

MARKET DRIVERS

The need for lighting in remote operations involving construction activities (both remote and general) and operations related to the oil and gas or mining industries, as well as emergencies and rescue, makes mobile light towers a vital piece of equipment in these industries.

The studied market is driven by innovations focused on providing emission-free lighting, which is monitored by strict government regulations on worker safety. In recent times, there has been a great demand for solar-powered light towers to illuminate very remote villages. Also, the positive outlook for the mining and construction industries is also expected to increase market growth during the forecast period. The increasing emphasis on the implementation of safety standards, measures, and regulations in the construction industry, which around the world frequently sees the use of state-of-the-art construction equipment and methods. Technology has led to major changes in the way key operations are performed. Mainly at night or on gloomy days, the use of light towers, tall, often mobile structures, fitted with electric anti-glare lights, is a standard around the world.

Mobile light towers are very useful in road works and other applications, especially where fuel economy and mobility prevail. These towers play a significant role in many industries including entertainment, mining, oil and gas, construction, demolition, etc. They are also used in many emergency and rescue operations due to their ease of transport and mobility characteristics. Today, the light towers are equipped with solar panels with an optional fuel generator. The growing demand for increased power generation is leading to an acceleration of operations in the oil and gas industry, which in turn is expected to drive demand for light towers in the coming years.

MARKET RESTRAINTS

Although mobile light towers pay off in places inaccessible for lighting, the growth of the market is not without limitations, including required maintenance, battery problems, and an incompetent supply chain.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Mobile Light Tower Market Analysis By Type

Of these, the rental segment is expected to grow at a higher CAGR during the foreseen period due to increasing demand for mobile light tower rentals in North America and the Asia Pacific. Furthermore, the demand of the rental market increases for short-term use as it requires low capital investment.

Global Mobile Light Tower Market Analysis By Light Type

Of these, the LED segment is said to post a higher CAGR over the outlook period, attributed to growing demand from mining and oil and gas end-users, which are the main income-generating industries for light towers. Compared with metal halide lamps, the LED light tower increases energy efficiency and reduces total electricity consumption, which would enhance the market growth.

Global Mobile Light Tower Market Analysis By Fuel Type

Of these, the diesel fuel type segment would register a higher CAGR during the forecast period as light towers are gradually operated in remote off-grid areas where access to grid electricity is non-existent. Additionally, diesel is widely available and cost-effective compared to other fuel sources, which is catalyzing diesel usage in the global mobile light tower market.

REGIONAL ANALYSIS

North America is expected to account for the largest market share due to the presence of strong end-user industries deploying light towers. During the projection period, Canada is expected to drive growth in the segment due to increased mining and construction activity in the country. The Canadian oil and gas industry is a lucrative market for light towers, along with the aerospace industry. Increasing demand and increased construction activity in the Canadian oil and gas industry are expected to boost market growth. These trends are supported by activities like Inter Pipeline's approval of the construction of a $ 3.5 billion petrochemical facility, the Heartland Petrochemical Complex, which is expected to be operational by the end of 2021. This project was fined approximately $ 200 million in royalty credits.

KEY PLAYERS IN THE GLOBAL MOBILE LIGHT TOWER MARKET

Companies playing a prominent role in the global mobile light tower market include Generac Holding (US), Terex Corporation (US), Doosan Portable Power (US), Wacker Neuson (Germany), Atlas Copco (Sweden), United Rental (US), and Others.

RECENT HAPPENINGS IN THE GLOBAL MOBILE LIGHT TOWER MARKET

• January 2021: JCB broadcasted that its North American dealer network is expanding with the addition of Weaver JCB, which is a subsidiary of Weaver Ag & Lawn Equipment that will take care of sales and services of new and used JCB equipment in a few locations.

DETAILED SEGMENTATION OF THE GLOBAL MOBILE LIGHT TOWER MARKET INCLUDED IN THIS REPORT

This research report on the global mobile light tower market has been segmented and sub-segmented based on type, light type, fuel type, and region.

By Type

• Sales
• Rentals

By Light Type

• Metal Halides
• LEDs

By Fuel Type

• Diesel
• Hybrid
• Direct

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa