Global Light Towers Market Growth Prediction Motivated by Industry’s Key Players and Opportunities between 2018 and 2027
Light tower sales are likely to surpass 191 thousand units in 2019, up from 183 thousand units in 2018, driven by demand for high-quality industrial lighting systems continues to influence the growth of light towers market. These insights are as per the latest Fact.MR report projects an optimistic scenario for light towers market in the future. Fact.MR’s report offers credible insights and an in-depth opportunity assessment of light towers market. The report enunciates that the light towers market is likely to proliferate at a CAGR of over 4% through 2027.
Get a Sample Copy of Concerned Market Report from here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2477
The report opines that LED light towers will outsell the halide variants in 2019. The trend toward light-emitting diode (LED) lamps is more evident than ever in the light of cost-effectiveness and enhanced illumination quality as compared to that of traditional metal-halide lighting. Being nearly twice as fuel-efficient as the halide variants, LED light towers have been identified to register the fastest Y-O-Y growth in 2019.
Construction remains the largest end use industry in the light towers market, driven by the large-scale deployment of light towers to ensure utmost productivity and workers’ safety during poor lighting conditions. Oil and gas industry trails the former in terms of demand for light towers as a result of soaring investments.
North America to Offer Profit-Making Avenues for Stakeholders
North America remains a highly significant region, offering significant opportunities to light tower manufacturers. Europe is also likely to create significant opportunities for light towers manufacturers during the course of the forecast period.
LED Lights Surge in Popularity with Enhanced Illumination and High Fuel Efficiency
End users, with an objective of having greater coverage of light, are showing a marked preference for LED lights and moving away from metal halide lights. LED lights continue to gain considerable prominence among contractors owing to their exceptional service life and instant on/off capabilities.
Another major feature of LED light responsible for fostering its popularity is longer life cycle as compared to that of a metal halide light, which results in enhanced performance. LED lights are also being highly sought-after on the back of their superlative fuel efficiency, twice as that of metal halide lights, which makes them capable of operating twice as long on the same quantity of fuel.
Light Towers Market Structure
The light towers market has been segmented on the basis of various segments, such as fuel type, light type, end use, and region. By fuel type, the light towers market has been segmented into solar, battery, and diesel. By light type, the light towers market has been segmented into halide and LED. By end use, the light towers market has been segmented into construction, oil & gas, mining, and commercial. The light towers market growth has been analyzed across key regions of North America, Latin America, Europe, China, APEC, and MEA.
Ask Industry Expert about this Report here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=2477
Light Towers Market- Research Methodology
The light towers market report includes a thorough and detailed description of the research methodology used for procuring insights apropos of light towers market. The primary research phase in the light towers market incorporates active interviews and interactions held with industrial experts and domain-specific analysts to attain useful intelligence on light towers market. Moreover, the secondary research phase in the light towers market research methodology entails an in-depth study of all the crucial aspects related to growth of light towers market from a multitude of credible sources, including paid databases, published particulars, news and articles, and various other sources.