SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Light Towers – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 6; Released: April 2021
Executive Pool: 1514
Companies: 16 – Players covered include Allmand Bros., Inc.; Atlas Copco AB; Brandon Hire Limited; Coates Hire; Doosan Corporation; Generac Holdings Inc.; Himoinsa S.L.; Ishikawa Machine Co., Ltd.; John Nixon Ltd.; Lambson’s Hire; Mainline Group; Mhm, Ltd.; Multiquip Inc.; P & I Generators, Ltd.; Perennial Technologies Pvt., Ltd.; Terex Corporation; The Will-Burt Company; United Rentals, Inc.; Wacker Neuson SE; Wanco Inc.; Xylem, Inc.; Zahid Tractor & Heavy Machinery Co. Ltd. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Construction, Oil & Gas, Mining, Other End-Uses); Light Type (Metal Halide, LED)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Light Towers Market to Reach $3 Billion by 2026
Amid the COVID-19 crisis, the global market for Light Towers estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$3 Billion by 2026, growing at a CAGR of 4.9% over the analysis period. Metal Halide, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$2.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the LED segment is readjusted to a revised 5.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $636.2 Million in 2021, While China is Forecast to Reach $597.3 Million by 2026
The Light Towers market in the U.S. is estimated at US$636.2 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$597.3 Million by the year 2026 trailing a CAGR of 7.5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.7% and 4.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. More
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SOURCE Global Industry Analysts, Inc.