Solar Light Tower Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Solar Light Tower Market Size- By Product, By Lighting, By Technology, By Channel, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: POAE2439 | Pages: 1 - 230 | Formats*: |
| Category : Power & Energy | |||
Solar Light Tower Market Introduction and Overview
According to SPER Market Research, the Global Solar Light Tower Market is estimated to reach USD 949.9 million by 2033 with a CAGR of 5.68%.
The report includes an in-depth analysis of the Global Solar Light Tower Market, including market size and trends, product mix, Applications, and supplier analysis. Solar lights are portable lighting fixtures made up of LED lamps, photovoltaic solar panels, and rechargeable batteries. Solar light towers are movable equipment with one or more high-intensity electric bulbs, solar panels, and rechargeable batteries mounted on wheeled vehicles of a portable light tower. These solar light towers are utilized in isolated areas or rural areas where connection to the main power grid is limited. They contribute to the illumination of roadways, airports, and a variety of other areas. They can be utilized in residential areas without bothering the public. Batteries power these towers, and an automatic solar-based charging mechanism maintains them charged.
- Generac released its rental equipment market solutions, Generac Mobile and Generac Pro, in January 2019. While Generac Pro specializes in tough outdoor power equipment for residential, commercial, and municipal applications, Generac Mobile offers mobile light towers, generators, heaters, pumps, and dust suppression solutions.
- Doosan Portable Power opened a new branch site in Nevada, US, in April 2019, extending its distribution network. The authorized distributor provides light towers, air compressors, generators, and light compaction equipment, among other things.
- In order to bolster its presence in the Canadian market, United Rentals Inc. purchased Western One Rentals & Sales LP in 2019. Western One Rentals & Sales LP is a Canadian supplier of power and heating solutions, including light towers.
Market Opportunities and Challenges
The market for solar light towers has grown significantly in recent years as a result of the growing need across a range of industries for effective and environmentally friendly lighting solutions. The demand for dependable lighting in distant areas, growing awareness of sustainability, and improvements in solar technology are expected to propel the market's continued steady expansion. The construction, mining, event management, and emergency response industries are seeing a rise in the use of solar light towers due to their ability to integrate features like remote monitoring, autonomous operation, and high-performance LED illumination. Consequently, it is expected that the industry would continue to expand and diversify in the upcoming years.
The market for solar light towers is confronted with obstacles pertaining to upfront expenses, restricted energy storage capabilities, and regulatory implications. Even though solar lighting saves money over time, some consumers may find the initial outlay prohibitive. Nonetheless, this difficulty is progressively being lessened by the falling cost of batteries and solar panels. Another difficulty is energy storage capacity because Solar Light Towers must use saved energy whether it's cloudy or night-time. To increase the towers' operating hours, manufacturers are always trying to advance battery technology. Regulatory factors include municipal zoning and permitting requirements, as well as adherence to safety and environmental rules. For Solar Light Towers to be used in a variety of applications, it is essential that they comply with all applicable standards and laws.
Market Competitive Landscape
There are a number of significant players in the competitive and fragmented Solar Light Tower market. Progress Solar Solutions, LLC, Atlas Copco AB, Generac Mobile Products, Larson Electronics, Caterpillar, United Rentals, Inc, Wacker Neuson SE, Trime S.r.l, Colorado Standby, CleanLight, WANCO INC, Biglux Innovation Ltd, Sunbelt Rentals, Inc, National Signal Inc, GREENSKY MOBILE POWER & LIGHT, VERMAC, and Herc Rentals Inc are a few of the major companies operating in the market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Lighting, By Technology, By Channel, By Application |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Progress Solar Solutions, LLC, Atlas Copco AB, Generac Mobile Products, Larson Electronics, Caterpillar, United Rentals, Inc, Wacker Neuson SE, Trime S.r.l, Colorado Standby, CleanLight, WANCO INC, Biglux Innovation Ltd, Sunbelt Rentals, Inc, National Signal Inc, GREENSKY MOBILE POWER & LIGHT, VERMAC, Herc Rentals. |
COVID-19 Impact on Global Solar Light Tower Market
The COVID-19 pandemic affected the global solar light tower market differently; production and distribution were delayed due to lockdowns and restrictions. But the epidemic brought attention to the necessity of off-grid and portable lighting options, particularly for emergency and medical settings. Due to this, there was a greater need for solar light towers for emergency assistance, quarantine areas, and temporary medical facilities. The market saw a rise in demand for infrastructure and construction development as people adapted to the new normal, which spurred the use of solar light towers in a range of applications.
Key Target Audience:
- Solar Light Tower Manufacturers
- Research Professionals
- Emerging Companies
- Raw Material Suppliers/ Buyers
- Distributors
- Government Body & Associations
- Others
Our in-depth analysis of the Solar Light Tower Market includes the following segments:
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| By Lighting: |
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| By Technology: |
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| By Channel: |
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Key Topics Covered in the Report:
- Global Solar Light Tower Market Size (FY’2024-FY’2033)
- Overview of Global Solar Light Tower Market
- Segmentation of Global Solar Light Tower Market By Product (Stationary, Mobile)
- Segmentation of Global Solar Light Tower Market By Lighting (Metal Halide, LED, Electric, Others)
- Segmentation of Global Solar Light Tower Market By Technology (Manual Lifting, Hydraulic Lifting)
- Segmentation of Global Solar Light Tower Market By Channel (Sales, Rental)
- Segmentation of Global Solar Light Tower Market By Application (Construction, Infrastructure Development, Oil & Gas, Mining, Military & Defense, Emergency & Disaster Relief, Others)
- Statistical Snap of Global Solar Light Tower Market
- Expansion Analysis of Global Solar Light Tower Market
- Problems and Obstacles in Global Solar Light Tower Market
- Competitive Landscape in the Global Solar Light Tower Market
- Impact of COVID-19 and Demonetization on Global Solar Light Tower Market
- Details on Current Investment in Global Solar Light Tower Market
- Competitive Analysis of Global Solar Light Tower Market
- Prominent Players in the Global Solar Light Tower Market
- SWOT Analysis of Global Solar Light Tower Market
- Global Solar Light Tower Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Solar Light Tower Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Solar Light Tower Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Solar Light Tower Market
7. Global Solar Light Tower Market, By Product (USD Million) 2020-2033
7.1. Global Solar Light Tower Market Size, Share and Forecast, By Product, 2020-20267.2. Global Solar Light Tower Market Size, Share and Forecast, By Product, 2027-20337.3. Stationary7.4. Mobile
8. Global Solar Light Tower Market, By Lighting (USD Million) 2020-2033
8.1. Global Solar Light Tower Market Size, Share and Forecast, By Lighting, 2020-20268.2. Global Solar Light Tower Market Size, Share and Forecast, By Lighting, 2027-20338.3. Metal Halide8.4. LED8.5. Electric8.6. Others
9. Global Solar Light Tower Market, By Technology (USD Million) 2020-2033
9.1. Global Solar Light Tower Market Size, Share and Forecast, By Technology, 2020-20269.2. Global Solar Light Tower Market Size, Share and Forecast, By Technology, 2027-20339.3. Manual Lifting9.4. Hydraulic Lifting
10. Global Solar Light Tower Market, By Channel (USD Million) 2020-2033
10.1. Global Solar Light Tower Market Size, Share and Forecast, By Channel, 2020-202610.2. Global Solar Light Tower Market Size, Share and Forecast, By Channel, 2027-203310.3. Sales10.4. Rental
11. Global Solar Light Tower Market, By Application (USD Million) 2020-2033
11.1. Global Solar Light Tower Market Size, Share and Forecast, By Application, 2020-202611.2. Global Solar Light Tower Market Size, Share and Forecast, By Application, 2027-203311.3. Construction11.4. Infrastructure Development11.5. Oil & Gas11.6. Mining11.7. Military & Defense11.8. Emergency & Disaster Relief11.9. Others
12. Global Solar Light Tower Market Forecast, 2020-2033 (USD Million)
12.1. Global Solar Light Tower Market Size and Market Share
13. Global Solar Light Tower Market, By Region, 2020-2033 (USD Million)
13.1. Global Solar Light Tower Market Size and Market Share By Region (2020-2026)13.2. Global Solar Light Tower Market Size and Market Share By Region (2027-2033)13.3. Asia-Pacific13.3.1. Australia13.3.2. China13.3.3. India13.3.4. Japan13.3.5. South Korea13.3.6. Rest of Asia-Pacific13.4. Europe13.4.1. France13.4.2. Germany13.4.3. Italy13.4.4. Spain13.4.5. United Kingdom13.4.6. Rest of Europe13.5. Middle East and Africa13.5.1. Kingdom of Saudi Arabia13.5.2. United Arab Emirates13.5.3. Qatar13.5.4. South Africa13.5.5. Egypt13.5.6. Morocco13.5.7. Nigeria13.5.8. Rest of Middle-East and Africa13.6. North America13.6.1. Canada13.6.2. Mexico13.6.3. United States13.7. Latin America13.7.1. Argentina13.7.2. Brazil13.7.3. Rest of Latin America
14. Company Profile
14.1. Progress Solar Solutions, LLC14.1.1. Company details14.1.2. Financial outlook14.1.3. Product summary14.1.4. Recent developments14.2. Atlas Copco AB14.2.1. Company details14.2.2. Financial outlook14.2.3. Product summary14.2.4. Recent developments14.3. Generac Mobile Products14.3.1. Company details14.3.2. Financial outlook14.3.3. Product summary14.3.4. Recent developments14.4. Larson Electronics14.4.1. Company details14.4.2. Financial outlook14.4.3. Product summary14.4.4. Recent developments14.5. Caterpillar14.5.1. Company details14.5.2. Financial outlook14.5.3. Product summary14.5.4. Recent developments14.6. United Rentals, Inc.14.6.1. Company details14.6.2. Financial outlook14.6.3. Product summary14.6.4. Recent developments14.7. Wacker Neuson SE14.7.1. Company details14.7.2. Financial outlook14.7.3. Product summary14.7.4. Recent developments14.8. Trime S.r.l.14.8.1. Company details14.8.2. Financial outlook14.8.3. Product summary14.8.4. Recent developments14.9. Colorado Standby14.9.1. Company details14.9.2. Financial outlook14.9.3. Product summary14.9.4. Recent developments14.10. CleanLight14.10.1. Company details14.10.2. Financial outlook14.10.3. Product summary14.10.4. Recent developments14.11. WANCO INC.14.11.1. Company details14.11.2. Financial outlook14.11.3. Product summary14.11.4. Recent developments14.12. Biglux Innovation Ltd.14.12.1. Company details14.12.2. Financial outlook14.12.3. Product summary14.12.4. Recent developments14.13. Sunbelt Rentals, Inc.14.13.1. Company details14.13.2. Financial outlook14.13.3. Product summary14.13.4. Recent developments14.14. National Signal Inc.14.14.1. Company details14.14.2. Financial outlook14.14.3. Product summary14.14.4. Recent developments14.15. GREENSKY MOBILE POWER & LIGHT14.15.1. Company details14.15.2. Financial outlook14.15.3. Product summary14.15.4. Recent developments14.16. VERMAC14.16.1. Company details14.16.2. Financial outlook14.16.3. Product summary14.16.4. Recent developments14.17. Herc Rentals Inc.14.17.1. Company details14.17.2. Financial outlook14.17.3. Product summary14.17.4. Recent developments14.18. Others
17. Conclusion
15. List of Abbreviations
16. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Solar Light Tower Market is projected to reach USD 949.9 million by 2033, growing at a CAGR of 5.68% during the forecast period.
Solar Light Tower Market size from 2022. The Market is expected to reach USD 949.9 million by 2033, at a CAGR of 5.68% during the forecast period.
Solar Light Tower Market CAGR of 5.68% during the forecast period.
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Solar Light Tower Market size is 949.9 million from 2024 to 2033.
Solar Light Tower Market Segment is covered By Product, By Lighting, By Technology, By Channel, By Application.
The North America anticipated to have the highest market share in the Solar Light Tower Market.
The key players in the market include Companies Covered Progress Solar Solutions, LLC, Atlas Copco AB, Generac Mobile Products, Larson Electronics, Caterpillar, United Rentals, Inc, Wacker Neuson SE, Trime S.r.l, Colorado Standby, CleanLight, WANCO INC, Biglux Innovation Ltd, Sunbelt Rentals, Inc, National Signal Inc, GREENSKY MOBILE POWER & LIGHT, VERMAC, Herc Rentals.
Solar Light Towers must use saved energy whether it's cloudy or night-time. To increase the towers' operating hours, manufacturers are always trying to advance battery technology.
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