Posted On: 2019-11-22
China is the highest revenue generating country in the Asia-Pacific light tower market - 6Wresearch
Asia Pacific light tower market is expected to witness enormous growth owing to increasing investment in the oil & gas sector and mining industry and tremendous rise in construction sector. The upcoming infrastructural projects such as Wuhan Urban Rail Transit, Changchun Urban Rail Transit would increase the construction activities, thereby propelling the growth of light tower market in the region. Additionally, government initiatives such as Make in India and Power for All, would add on to the light tower market growth over the coming years.
According to 6Wresearch, Asia-Pacific (APAC) Light Tower Market is expected to grow at a CAGR of 3.2% during 2019-25. “China is the highest revenue generating country in the APAC light tower market, owing to growing residential sector and rising environmental concerns to reduce greenhouse gas emissions. Upcoming projects such as road improvement, urban metro system, and public parks aligned with the 13th Five-Year Plan's (FYP) goals of reducing pollution, redeveloping old housing, and promoting the growth of smart cities, would propel the demand for light tower in China.”
According to Gurbani Kaur, Senior Research Analyst, Research and Consulting, 6Wresearch, “Based on fuel types, the solar light tower acquires majority of the market share owing to favorable government support for switching towards emission-less, carbon free and renewable energy sources. The solar light tower are used to illuminate highly remote and distant villages, as they are equipped with solar panels as well as backup fuel generators. This would increase the market demand for Solar light tower in the country.”
According to Akansha Chopra, Research Associate, Research and Consulting, 6Wresearch, “The Diesel light tower are the highest revenue generating segment, due to high reliability of diesel generator sets, easy availability of fuel, ease of storage of fuel, longer running time, and simple maintenance. In Asia Pacific region, LED light tower would acquire a greater market share, over the coming years.” Akansha further added.
"Asia Pacific (APAC) Light Tower Market (2019-2025)” report provides an in-depth analysis with 36 figures covered in over 100 pages. The report estimates and forecast the overall Asia Pacific light tower market by light types, fuel types and end-users. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.