Mobile Light Tower Market Expected to Reach $3.1 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Mobile Light Tower Market," The mobile light tower market size was valued at $1.9 billion in 2021, and mobile light tower industry is estimated to reach $3.1 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.

Mobile light towers are portable lighting solutions containing an array of electric lamps affixed to the top of a mast. Light towers are positioned to shine the light on a designated area. The mast attaches to a trailer-like base that serves as an anchor to balance the tower, allowing the unit to be towed from site to site. Light towers are mobile equipment consisting of high-intensity electric lamps and masts, along with a trailer attached to it with a generator setup at the back to power the bulbs when insufficient artificial or natural light is present. In light towers, power is usually generated from diesel, solar energy, batteries, or hybrid methods to illuminate bulbs. Light towers are used in construction, infrastructure development, the oil and gas industry, mining, the military and defense, as well as in emergency and disaster relief.

Increased infrastructure activities are significantly contributing to the growth of the mobile light tower market. Light towers are usually used on mining sites, accident sites, construction sites, rescue solutions, and others. 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. 

New product development is the key trend being followed by the companies operating in the mobile light tower market. For instance, in 2021, Generac Power Systems, Inc., an American-based backup power generation products manufacturing company, developed a product named Generac’s V20 PRO tower, which is an all-in-one mobile lighting tower that can be operated with different fueling systems such as diesel, battery, hybrid, external power, and solar energy in a single machine. Generac’s V20 PRO tower comes with a variety of external sources for charging the battery packs, including a solar panel kit, a generator, and a mains power supply.

In September 2021, Trime S.R.L., an Italy-based light tower manufacturing company, partnered with Tecnogen Spa, an Italy-based multinational generator manufacturing company, and acquired FTG Equipment Solutions for an undisclosed amount. Through this acquisition, Trime S.R.L. aims to target the American light equipment industry, increase production through a distribution strategy, and strengthen its product portfolio of light towers for various infrastructure projects. FTG Equipment Solutions is an American-based distribution company for generators and light towers.

The global mobile light tower market forecast is segmented on the basis of power source, lighting type, technology, application, and region.

On the basis of power source, it is segmented into diesel, solar, direct, and others. On the basis of lighting type, it is segmented into metal halide, and LED. On the basis of technology, the market is segmented into manual and hydraulics. In addition, on the basis of application, the market is segmented into oil & gas, mining, construction, and others. Furthermore, construction segment is classified into, highway construction, railway construction, bridge construction, and others.

Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, North America accounts for the largest mobile light tower market share, followed by Europe, and Asia-Pacific.

Key findings of the study

• North America would exhibit CAGR of 4.9% during 2022-2031.
• As per global mobile light tower market analysis, by power source, the diesel segment accounted for the largest share in 2021.
• By lighting type, metal halide segment was 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 Light Tower Market

The pandemic outbreak has not only caused infections and deaths but also have negative impact on the global economy. Mining companies have been severely affected by the pandemic outbreak. Global restrictions to encourage social distancing have negative impact on mining and construction projects, which have either slowed or were put on hold for further notice. The virus is expected to spread faster in mining and drilling areas due to gathering of employees. Therefore, this has forced the companies to suspend their operation to prevent the further spread of the novel coronavirus. The above-mentioned factor seriously affected the mobile light tower market growth.

However, after the vaccination initiatives among the developed and developing countries has led to gradual decline over the restriction over social distancing. Furthermore, the government has invested huge revenue in order to kick start the stagnant global economy through construction and mining industries. The presence of above-mentioned initiatives and policies will provide lucrative mobile light tower market opportunities for the development of the market.