PUNE, India, April 13, 2017 /PRNewswire/ --
The report "Light Tower Market By Light Type (Metal Halide, Led), End-User (Construction, Oil & Gas, Mining), Fuel Type (Diesel, Solar, Direct), And Region - Global Forecast To 2022", published by MarketsandMarkets, the market is expected to grow from an estimated USD 2.02 Billion in 2017 to USD 2.72 Billion by 2022, at a CAGR of 6.1%.
Browse 71 market data Tables and 42 Figures spread through 157 Pages and in-depth TOC on "Light Tower Market"
Early buyers will receive 10% customization on this report.
The market is set to witness growth due to rapid growth of the construction industry, growing investment in the oil & gas sector, and restart of investment in the mining industry.
The diesel-powered light towers segment is expected to hold the largest share of the Light Tower Market, by fuel type, during the forecast period
The diesel-powered light tower segment led the Light Tower Market in 2016 and is expected to grow at a decent pace during the forecast period. High reliability of diesel generator sets, easy availability of fuel, high storage capacity, longer running time, and simple maintenance have helped the diesel-powered light towers to grow worldwide. This segment is primarily driven by increasing demand in the construction industry in developing nations and is expected to create new revenue pockets for the light tower sales market during the forecast period.
Download PDF Brochure @ http://www.marketsandmarkets.com/pdfdownload.asp?id=227191154
Construction end-user to be the largest segment in the Light Tower Market
With regards to the end-user segment, the construction end-user segment in the Light Tower Market is expected to be the largest market in 2017. Developing nations around the world are investing heavily in transport infrastructure to support their growth, along with rapid urbanization, driving the growth of the construction industry, which in turn is driving the Light Tower Market in the construction end-user segment.
LED segment is estimated to be the fastest growing segment in the Light Tower Market during the forecast period
The LED light tower segment is expected to grow at the highest CAGR during the forecast period. Increasing implementation of solar panels to reduce carbon footprint, government regulations, and subsidies for solar panels & LED lighting are the main drivers for high growth of the LED Light Tower Market.
Asia-Pacific: The leading market for light towers
In this report, the Light Tower Market has been analyzed with respect to five regions, namely, North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The Asia-Pacific is expected to dominate the global Light Tower Market, due to growth of the construction and mining sector in China, India, and Australia.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=227191154
To enable an in-depth understanding of the competitive landscape, the report includes profiles of some of the top players in the Light Tower Market. These suppliers include Generac Holding, Inc. (U.S.), Terex Corporation (U.S.), Doosan Corporation (South Korea), Atlas Copco (Sweden), and Wacker Neuson (Germany). Leading players are trying to penetrate the markets in developing economies and are adopting various strategies to increase their market share.
Browse Related Reports:
Light Control Switches Market by Product Type (Manual Switches, Electronic Switches and Dimmers), Light Source Incandescent & Halogen, Fluorescent, LED, HID), End Users and Geography - Global Forecasts to 2022
Generator Sales Market by Type (Diesel, Gas), Application (Standby, Peak Shaving, Continuous Power), Power Rating (<100, 100-350, 351-1,000, >1,000 kVA), End-User (Residential, Commercial, and Industrial), and Region - Global Forecast to 2021
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit our Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Subscribe Reports from Energy & Power Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp