One year ago, the Federal Infrastructure Law was passed by Congress and signed by President Biden. One expected result is significant growth in the mobile light tower market. In a recent market research report from Allied Market Research, the global mobile light tower market size was valued at $1.9 Billion in 2021, and is projected to reach $3.1 Billion by 2031, growing at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2031.
Mobile light towers combine high output electric lights, an adjustable mast, a trailer, and a power source. Power sources include diesel, photovoltaic solar, batteries, hydrogen, or hybrid combinations of these. The primary applications are construction, infrastructure development, oil & gas development, mining, military & defense, as well as emergency & disaster relief.
Light towers have either metal halide or LED light sources. Increasing safety measures and regulations in the construction industry globally will be one major driver of the mobile light tower market.
North America has the largest light tower market share. In the US, light tower market growth is projected at 4.5% due to growing construction, spurred in part by the Federal Infrastructure Law’s funding of highway, rail line, and bridge construction projects.
The largest companies producing light towers globally are Atlas Copco Group, Terex Corporation, Generac Power Systems, Larson Electronics, Doosan Portable Power, Colorado Standby, Westquip Diesel Sales, Wacker Neuson Group, Youngman Richardson & Co., Inmesol, JC Bamford Excavators, Xylem, Wanco, MI Group, and The Will-Burt Company. Key areas of innovation are solar and battery-powered light towers, which eliminate noise, emissions, and diesel fuel.
The market research report is titled, Mobile Light Tower Market: Global Opportunity Analysis and Industry Forecast, 2021-2031, and more information can be found here.