According to a research report titled ‘ASEAN Light Tower Market Share By Product, Lighting, Power Source, Technology, Application, Industry Analysis Report, Country outlook (Vietnam, Malaysia, Philippines, Indonesia), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, ASEAN light tower market size is projected to boost momentously through 2026.
 

As per report findings, upsurge in construction activities, coupled with rising investments in infrastructure overhaul are stimulating ASEAN light tower industry remuneration. Moreover, government policies and initiatives are increasingly focused on sustainability and limiting GHG emissions, which will act as growth propellent.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3001266/
 

Parallelly, emphasis on modernization and refurbishment of outdated buildings will further boost the demand for light tower across ASEAN countries.
 

Based on product gamut, ASEAN light tower market is arrayed into mobile, and stationary. By power source, the industry is split into solar, diesel, and direct.
 

Moving on to lighting scope, the marketplace is categorized into LED, electric, and metal halide. Of these, LED light towers segment is anticipated to grab a significant market share in the coming years, owing to tightened global emissions standards, rising demand for sustainable and low emission technology, and long lifespan of these towards. LED lights are sturdy and have low fuel consumption rate, but are priced higher than other lighting types.
 

By technology terrain, manual lifting and hydraulic lifting are the two sectors contributing to ASEAN light tower market valuation. Among these, hydraulic light tower segment is poised to expand modestly over the forecast period, on account of the increasing automation and ongoing research & development resulting in higher efficiency rates. Hydraulic light towers are technologically superior to manual light towers and adhere to the strict safety directives set by authorities.
 

Speaking of application ambit, ASEAN light tower market is fragmented into military & defense, infrastructure development, oil & gas, emergency & disaster relief, construction (highway construction, railway line construction, and bridge construction), and mining.
 

Based on geographical landscape, Indonesia is expected to account for a majority market share by 2026, owing to surging demand for uninterrupted power supply from remote areas as well as growing focus towards safety at construction sites. Increasing government investments in infrastructure, and rapid industrialization will further impel the industry share.
 

Major players in ASEAN light tower industry sphere include Atlas Copco, Aska Equipment Ltd., The Will-Burt Company, Generac Holdings Inc., Terex Corporation, Larson Electronics LLC, Doosan Group, and Light Boy Co. Ltd.