According to the research report titled ‘Mobile Light Tower Market Size By Lighting, By Power Source, By Technology, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global mobile light tower market is expected to register considerable growth during 2020-2026.
 

Technological advancements coupled with rising adoption of mobile light towers in construction, mining, and oil & gas sectors are major factors driving the market growth. For the record, mobile light towers provide light to the work premise in a bid to improve the efficiency and productivity of the workforce, further ensuring safety during mining or construction activities.
 

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Increasing incorporation of aluminum reflectors in mobile light towers for improving performance and removing glare is further aiding the market expansion. Low power consumption, eco-friendly properties, high performance, and illumination as well as long lifecycle are additional factors augmenting the product demand.
 

As per lighting type, the report cites that metal halide segment is expected to register substantial growth during the forecast period. Rising adoption of cost-efficient lighting systems has enhanced the demand for metal halide systems since they help in improving the quality of light, thereby fueling the segmental share. Inclination towards using metal halide lighting systems in warehouses, stadiums, large indoor spaces, and hockey rinks is also contributing towards the popularity of the product across the globe.
 

Moving on to the technology type, the manual light towers market segment is predicted to expand with a CAGR of 3.8% during 2020-2026.
 

Elaborating on the application landscape, the report cites that construction segment held 20% revenue share in the year 2019 and is expected to showcase similar growth in the ensuing years. Meanwhile emergency & disaster relief segment is expected to grow with a CAGR of 5% between 2020 and 2026.
 

Considering the geographical landscape, Middle East & Africa held 7% share in mobile light tower market in the year 2016 and is estimated to generate substantial revenues in the forthcoming years.
 

Trime S.r.l, Colorado Standby, Larson Electronics LLC, Youngman Richardson & Co. Ltd., Chicago Pneumatic, Light Boy Co., Ltd., DMI Light Towers, J C Bamford Excavators Ltd.,  Olikara Lighting Towers Pvt. Ltd., Wacker Neuson Group, Doosan Portable Power, Atlas Copco Group, LTA Projects, Terex Corporation, Generac Holdings Inc., Progress Solar Solutions, LLC, Aska Equipments Ltd., and The Will-Burt Company are the key participants in global mobile light tower market.