Posted On: 2019-11-22
LED light Tower accounted for the largest shares in the North America Light Tower Market– 6Wresearch
The North America light tower market is expected to witness immense growth over the years, due to revival of the construction sector and the rising infrastructure projects. The increasing need to provide safety against injuries and fatal accidents on construction sites and the need to provide adequate and efficient lighting during dark hours, would boost the light tower market growth.
According to 6Wresearch, North America light Tower Market is expected to grow at a CAGR of 2.2% during 2019-25. United States emerged as a leading country, in terms of revenues, in the North America light Tower market. The US government is taking stringent initiatives to prohibit the use of incandescent bulbs and is promoting the adoption of cost-efficient, reliable, highly efficient and eco-friendly LED light Tower. Additionally, government's focus to rebuild the country's aging infrastructure and increased government investment in upcoming construction projects, would further increase the demand for light Tower in the region.
According to Gurbani Kaur, Senior Research Analyst, Research and Consulting, 6Wresearch, “Mexico provides lucrative growth opportunities for light tower market, owing to government initiatives to switch towards green and environmental friendly activities, would boost the market growth. Mexico is a part of World Green Building Council (WGBC), which promotes the development of smart cities and aims to reduce greenhouse gas emissions by large-scale application of LED street lighting, and this trend accelerates the light tower market growth.”
According to Akansha Chopra, Research Associate, Research and Consulting, 6Wresearch, “Strict regulations related to carbon emissions and favorable government support towards adoption of renewable energy sources would drive the growth of the solar street light market across North America. The feed-in tariffs and quota-based renewable portfolio standards (RPSs), are the policies and standards set by U.S government, which would promote the growth of solar light Tower.”
"North America Light Tower Market (2019-2025)” report provides an in-depth analysis with 27 figures covered in over 100 pages. The report estimates and forecast the overall North America 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.