Posted On: 2019-11-22
Saudi Arabia accounted for the largest share in Middle East and Africa Light Tower Market– 6Wresearch
Power backup, high lighting capacity, easy installation and transportation, reliable, emission less, carbon-free and greener source of energy, reduced electricity bills, coupled with the emergence of smart cities, would drive the Middle East and Africa light tower market growth over the coming years. Additionally, rise in residential sector would lead to an increase in construction of households thereby providing lucrative growth opportunities to the Light Tower market in Middle East and Africa.
According to 6Wresearch, Middle East and Africa (MEA) Light Tower Market is expected to grow at a CAGR of 2.9% during 2019-25. The construction segment is dominating, in terms of revenues, due to rise in construction projects and increased government investment to enhance the country’s infrastructure, would add on to the growth of light Tower market in MEA. Qiddiya entertainment city, Makkah Grand Mosque – Third Expansion, Hanergy solar park and Saudi Aramco-Total’s PIB factory are few of the upcoming construction projects in MEA.
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 demand for power-efficient illuminating systems, increasing concern over reduction of non-renewable sources of power and reduced price of Light Emitting Diodes (LED) lights. LEDs are highly efficient, reliable, they yield longer life span and are cost effective compared to incandescent lights, which would boost their application in both indoor and outdoor settings.”
According to Akansha Chopra, Research Associate, Research and Consulting, 6Wresearch, “The Oil & gas industry would acquire a major share in the MEA light tower market over the coming years, due to upcoming large scale projects such as Jizan refinery project and Fadhili gas plant. A large volume of work associated with these large scale projects would accelerate the growth of light Tower in this region. The rise in mining activities would also add on to the growth of light tower market.”
"Middle East and Africa Light (MEA) Tower Market (2019-2025)” report provides an in-depth analysis with 64 figures covered in over 60 pages. The report estimates and forecast the overall Middle East and Africa 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.