Market Trends of Light Tower Industry
This section covers the major market trends shaping the Light Tower Market according to our research experts:
LED Light Tower Accounts For the Largest Market Share
- LED light towers incorporate LED lamps to illuminate various locations. Such lighting equipment relies on a solid-state design that ensures its sturdiness under extreme working conditions. LEDs use no reflectors for saving light, and this offers the use of the same type of setup and lesser wattage requirements to produce the same amount of lumens as the Metal Halide Towers.
- Moreover, LED light towers are increasingly favored over metal halide towers over the past few years and are replacing the longstanding metal halide towers and are now the most used towers globally. This is due to their numerous advantages over the metal halide towers.
- One of the most significant advantages of LED light towers is the fuel efficiency it offers compared to the metal halide towers. LEDs can save up to 40% of energy compared to traditional lighting options. Under optimal conditions, such lamps reach up to 80% efficiency with an average of 60-70%. By comparison, metal halide units average roughly 50% energy efficiency during electrical power conversion to light.
- Unlike metal halide lamps, LED lights can be toggled instantly. There is no waiting period during start-up, and operators can toggle the lights any time while working. This offers greater flexibility on the Jobsite, allowing workers to make adjustments to the lighting conditions of the area without significant delays. Furthermore, total power is achieved almost immediately.
- Additionally, LEDs possess several eco-friendly benefits for businesses due to their ability to cut down energy costs. The fixtures do not use toxic chemicals, such as mercury and lead to produce light. As a result, the units are easily recyclable and do not require sensitive handling during disposal. This also makes the lights safer to use on the Jobsite and considerably lowers health-related risks during accidents in the workplace.
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North America Accounts For the Largest Market Share
- Vendors are continuously expanding their product lines. In January 2020, Wanco Inc. announced its “next-generation” compact light tower, with features designed specifically for safety and better-operating costs. With the WALi Compact, one can fit up to 18 units on a single truck, taking up less room around the yard or job site.
- The new features include the giant fuel tank, tallest tower available, and safest light adjustment from the ground. The Wanco Compact Light Tower is engineered to last, with durable components that incorporate an all-welded structural steel frame, the only steel cabinet in its class, and a safety dual-pulley system that lifts each tower section from the bottom, creating a more reliable weight-balanced load, that improves safety. Additional options include the brightest LED fixtures in its class, numerous cold-weather packages, low dB levels, multiple engine options, and an automated dusk-to-dawn control system that allows the light tower to turn itself on and off without an operator.
- In February 2020, Allmand Bros. Inc., a subsidiary of Briggs & Stratton Corporation and a high-performance portable job site equipment manufacturer announced its new Night-Lite GR-Series light tower line Maxi-Heat 1M BTU towable heater at the 2020 ARA Show.
- Further, according to the US Census Bureau, the value of construction in the United States is estimated to reach some USD 135 billion in 2022. The US government expects civil engineering construction expenditures in the country to grow consistently. Civil engineering construction spending will likely come to about USD 371.6 billion by 2022 in the United States. Additionally, according to a new forecast from the American Institute of Architects, the US non-residential construction market is anticipated to grow to 2.4% in 2020 compared to the previous year.
- US-based Terex Corporation provides a heavy-duty light tower to fit virtually any lighting need, from construction sites and sporting events to mining and oil field applications. Terex light towers include various features and options to help enhance the productivity of each unit for specific Jobsite needs.
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