Asia Pacific to Dominate Light Towers Market During Forecast Period
Increasing investment for
light towers operation in various end user industries such as construction,
mining, oil & gas, events & sports, among others to drive the growth of
global light towers market
According
to TechSci Research report, “Global
Light
Towers Market By Mobility Type, By Mast Type, By Technology, By Fuel Type, By
End User Industry, By Region, Competition, Forecast & Opportunities, 2025”, the global light towers market is expected to grow at a steady
rate during the forecast period on account of the ever-increasing demand for
energy especially from the oil & gas and mining industries. However, high
maintenance costs, battery problems and inefficiency in the supply chain can
hamper the growth of market during forecast period. Additionally, fluctuating
prices of crude oil and high starting time can further restrict the growth of
market during forecast period.
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market data Tables and Figures spread through
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Light Towers Market"
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The global light towers market is segmented based on mobility type, mast
type, technology, fuel type, end user industry, company and region. Based on
end user industry, the market can be fragmented into oil & gas, mining,
construction and others. The construction industry is anticipated to dominate
the market during the forecast years on account of the increased infrastructure
development activities in residential, commercial and industrial spaces.
Generac Holding, Terex
Corporation, Doosan Portable Power, Wacker Neuson, Atlas Copco, United Rental,
Will-Burt Company, P&I Generators, Nixon Hire, Brandon Hire Station and
others are some of the leading players operating in global light towers market.
The companies operating in the market are using organic strategies such as
product launches, mergers and collaborations to boost their share. For
instance, in April 2019, Doosan portable power expanded its distribution
network by establishing a new branch location in Nevada, US. The authorized
distributor offers, including air compressors, generators, light towers, and
light compaction equipment.
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“Asia-Pacific is expected to dominate
the global market for light towers during the forecast period, owing to the
ongoing construction and
infrastructural development activities in the region. Additionally, countries
like China and India are investing heavily in developing transport
infrastructure to support their economies. Furthermore, increased mining activity in the region
is further projected to fuel the growth of light towers market in the region through
2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Global Light Towers Market By Mobility Type, By
Mast Type, By Technology, By Fuel Type, By End User Industry, By Region,
Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global light
towers market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global light towers market.
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