Posted On: 2019-11-22
Asia Pacific accounted for the largest share in the Global Light Tower Market– 6Wresearch
The demand for energy efficient, environment friendly and carbon free renewable source of power is increasing owing to continuous rise in infrastructure and construction projects which in turn would accelerate the light Tower market. Further, several benefits associated with the light Tower, such as power backup, high lighting capacity, easy installation and transportation, would also drive the global light Tower market over the coming years.
According to 6Wresearch, Global Light Tower Market is expected to grow at a CAGR of 2.8% during 2019-25. North America is expected to witness enormous growth, in terms of revenues, in the global light Tower market owing to tremendous rise in the construction sector. Scarborough Subway Extension, Canada House 2, Canada Water Plot B Tower, 110 North Wacker are the upcoming infrastructure projects in North America. Additionally, increasing infrastructure activities such as highway construction, railway line construction and maintenance, bridge construction, and other civil activities, would accelerate the demand for light Tower in Asia Pacific region.
According to Gurbani Kaur, Senior Research Analyst, Research and Consulting, 6Wresearch, “By Light Types, LED light Tower captured the highest revenue share owing to rising need for reducing carbon footprints. Various government regulations and subsidies provided for LED panels, would increase the market growth. Additionally, environment friendly policies related to reduce pollution would also drive the LED light Tower market growth.”
According to Akansha Chopra, Research Associate, Senior Research Analyst, Research and Consulting, 6Wresearch, “Easy installation and portability, no electricity requirements, no fuel cost, reduced carbon emissions would act as key drivers accelerating the growth of solar light Tower market over the coming years. Along with this, numerous campaigns, schemes, and programs initiated by the government to promote the use of renewable energy, would contribute to the growth of the solar light market.”
"Global Light Tower Market (2019-2025)" report provides an in-depth analysis with more than 189 figures covered in more than 300 pages. The report estimates and forecast the overall Global light Tower market by light types, fuel types, end-users and regions including North America, Middle East and Africa, Europe, Asia Pacific and South America. 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 devise and align their market strategies according to the current and future market dynamics.