Light Towers Market has been valued at US$ 5.6 billion in the year 2021 and it is estimated to reach US$ 7.9 billion by the year 2027, with a CAGR of 7.3% from 2022 to 2027. Light Tower is a piece of mobile equipment that has one or more high-intensity electric lamps and a mast. Almost always, the lights are attached to the mast, which is attached to a trailer, with a generator set to power the lamps; these are the main factors that have considerably increased the demand for the Light Towers in the market, thereby driving the huge growth of the Light Towers market in the upcoming years

Market Drivers and Restraints:

The main factors that have considerably increased the demand for the Light Towers in the market is mainly due to the rise in investment for light towers in various industries such as construction, mining, oil & gas, and events & sports. Additionally, an increase in focus on the implementation of safety measures and regulations in the construction sector across the globe boosts the usage of technologically advanced equipment and construction methods, which contributes to the global light tower market growth. In addition, an increase in infrastructural investment mainly due to rapid transport development and refurbishment of existing structures is expected to positively impact the light tower market over the forecast period. Furthermore, tough working conditions in the oil & gas and mining industries along with government regulations is expected to continue to drive the market; these are the main factors that have considerably increased the demand for the Light Towers in the market, thereby driving the huge growth of the Light Towers market in the upcoming years

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The report is segmented as:

Light Towers Market is segmented on the basis of:

By Market Type (Sales and Rental),

By Light Type (Metal Halide and LED),

By Fuel Type (Diesel, Solar/Hybrid, and Direct Power),

By End User (Oil and Gas, Mining, Construction, and Events & Sports)

Geographical Segmentation:

Light Towers Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, and the rest of the world. North America has the dominant share in the Light Towers is due to the rise in urbanization and increase in population these are the main factors that have considerably increased the demand for the Light Towers in North America, followed by Europe, Asia Pacific, Latin America, and Middle East & Africa will register a slower increase in the Light Towers Market

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Impact of COVID-19 on the Market

Covid -19 pandemic has affected almost every industry, and the long-term effects are projected to impact the growth of Light Towers during the forecast period. The covid-19 pandemic has impacted hugely on the sales revenue of the Light Towers market, Due to the government restrictions like lockdown in many countries have stopped the production of products by the manufacturing companies. Companies have started opening their manufacturing units after taking all the necessary preventive measures. In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of coronavirus.

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