According to a recent survey published by FMI, the global Portable Light Towers market is expected to grow at a healthy CAGR during the forecast period between 2018 and 2028. The objective of the report is to uncover micro and macro-economic factors accelerating the sales of Portable Light Towers over the coming decade.
Advent of Industry 4.0 Technology to Create New Growth Avenues for the Portable Light Towers Market
Industrial sector is witnessing revolution as manufacturers across the world are extensively emphasizing towards adopting incorporating advanced automation, This is commonly being referred to as Industry 4.0.
With the rise of Industry 4.0, manufacturing facilities are prioritising the use of novel technologies such as artificial intelligence, smart manufacturing, internet of things (IoT), and machine learning, among others. This is projected to generate lucrative growth prospects in the Portable Light Towers market.
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Furthermore, rising government emphasis on improving the manufacturing sector and integrating augmented and virtual reality with smart equipment to boost output is expected to drive market demand in the future years.
Key Portable Light Towers Market Takeaways and Projections
- The U.S. is estimated dominate the Portable Light Towers market in North America, accounting for the largest share in the region through 2022.
- Germany is projected to account for a significant share in the Europe market over the assessment period.
- China is forecast to hold the lion’s share the East Asia market, projecting the fastest growth in the region between 2018 and 2028
- India is anticipated to emerge as a highly remunerative market in South Asia, accounting for the largest sales during the forecast period.
Report Benefits & Key Questions Answered
- Portable Light Towers Historical Market Outlook: Future Market Insight’s analysis examines vital dynamics, such as drivers, opportunities and challenges. It studies their impact on the market over the previous assessment period 2016-2020. The report provides crucial insights to market players to capitalize on opportunities and counter challenges.
- Portable Light Towers Demand-Supply Assessment: A latest study published by FMI offers in-depth insights into governing factors facilitating the demand outlook of the Portable Light Towers market. As per the survey, Portable Light Towers sales will project steady growth over the forecast period.
- Portable Light Towers Consumption by Demographics: The report published by FMI provides consumption by demographics analysis to assist the market players in formulating their marketing strategies on the basis of purchasing power of the customers. It examines changes in consumer behavior and also studies its effect on the demand for Portable Light Towers.
- Portable Light Towers Market Trend Analysis: FMI’s market trend analysis provide detailed insights into current and upcoming trends in the industrial automation industries. It also assist the industry players to identify potentials trends to capitalize on them.
Portable Light Towers Vendors
- Atlas Copco AB
- Chicago Pneumatic
- Terex Corporation
- Generac Power Systems, Inc.
- Larson Electronics LLC
- Doosan Portable Power
- Colorado Standby
- Westquip Diesel Sales
- Wacker Neuson Group
- Youngman Richardson & Co. Ltd.
- Inmesol gensets, S.L.
- J C Bamford Excavators Ltd.
- Xylem, Inc.
- Wanco Inc.
- BMI Group
- The Will-Burt Company
- Ver-Mac
- Probuilt Professional Lighting
- Alaska Structures, Inc.
- Sunrise Safety Services Inc.
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Market Taxonomy/Segmentation
Market by power source:
- Internal combustion engine powered portable light towers
- Battery powered portable light towers
- Solar powered portable light towers
- Generator powered portable light towers
- Direct powered portable light towers
Market by lighting technology:
- Halogen lighting
- Metal halide lighting
- Incandescent lighting
- Fluorescent lighting
- LED lighting
Market by end use sector:
- Quarry & mining
- Building & construction
- Military
- Sports & entertainment
- Energy
- Others
Market by region:
- North America
- Latin America
- Europe
- China
- Japan
- South East Asia (SEA) & Other Asia Pacific (APAC)
- Middle East & Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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