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

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.
Solar Light Tower Market
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.

Solar Light Tower Market


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 CoveredProgress 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:
By Product:
  • Stationary
  • Mobile
  • By Lighting:
  • Metal Halide
  • LED
  • Electric
  • Others
  • By Technology:
  • Manual Lifting
  • Hydraulic Lifting
  • By Channel:
  • Sales
  • Rental
  • By Application:
  • Construction
  • Infrastructure Development
  • Oil & Gas
  • Mining
  • Military & Defense
  • Emergency & Disaster Relief
  • Others
  • 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 report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Solar Light Tower Market.

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Solar Light Tower Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. 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, 2020-2026
    7.2. Global Solar Light Tower Market Size, Share and Forecast, By Product, 2027-2033
    7.3. Stationary
    7.4. 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, 2020-2026
    8.2. Global Solar Light Tower Market Size, Share and Forecast, By Lighting, 2027-2033
    8.3. Metal Halide
    8.4. LED
    8.5. Electric
    8.6. 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, 2020-2026
    9.2. Global Solar Light Tower Market Size, Share and Forecast, By Technology, 2027-2033
    9.3. Manual Lifting
    9.4. 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, 2020-2026
    10.2. Global Solar Light Tower Market Size, Share and Forecast, By Channel, 2027-2033
    10.3. Sales
    10.4. 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, 2020-2026
    11.2. Global Solar Light Tower Market Size, Share and Forecast, By Application, 2027-2033
    11.3. Construction
    11.4. Infrastructure Development
    11.5. Oil & Gas
    11.6. Mining
    11.7. Military & Defense
    11.8. Emergency & Disaster Relief
    11.9. 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-Pacific
    13.3.1. Australia
    13.3.2. China
    13.3.3. India
    13.3.4. Japan
    13.3.5. South Korea
    13.3.6. Rest of Asia-Pacific
    13.4. Europe
    13.4.1. France
    13.4.2. Germany
    13.4.3. Italy
    13.4.4. Spain
    13.4.5. United Kingdom
    13.4.6. Rest of Europe
    13.5. Middle East and Africa
    13.5.1. Kingdom of Saudi Arabia 
    13.5.2. United Arab Emirates
    13.5.3. Qatar
    13.5.4. South Africa
    13.5.5. Egypt
    13.5.6. Morocco
    13.5.7. Nigeria
    13.5.8. Rest of Middle-East and Africa
    13.6. North America
    13.6.1. Canada
    13.6.2. Mexico
    13.6.3. United States
    13.7. Latin America
    13.7.1. Argentina
    13.7.2. Brazil
    13.7.3. Rest of Latin America 

    14. Company Profile
    14.1. Progress Solar Solutions, LLC
    14.1.1. Company details
    14.1.2. Financial outlook
    14.1.3. Product summary 
    14.1.4. Recent developments
    14.2. Atlas Copco AB
    14.2.1. Company details
    14.2.2. Financial outlook
    14.2.3. Product summary 
    14.2.4. Recent developments
    14.3. Generac Mobile Products
    14.3.1. Company details
    14.3.2. Financial outlook
    14.3.3. Product summary 
    14.3.4. Recent developments
    14.4. Larson Electronics
    14.4.1. Company details
    14.4.2. Financial outlook
    14.4.3. Product summary 
    14.4.4. Recent developments
    14.5. Caterpillar
    14.5.1. Company details
    14.5.2. Financial outlook
    14.5.3. Product summary 
    14.5.4. Recent developments
    14.6. United Rentals, Inc.
    14.6.1. Company details
    14.6.2. Financial outlook
    14.6.3. Product summary 
    14.6.4. Recent developments
    14.7. Wacker Neuson SE
    14.7.1. Company details
    14.7.2. Financial outlook
    14.7.3. Product summary 
    14.7.4. Recent developments
    14.8. Trime S.r.l.
    14.8.1. Company details
    14.8.2. Financial outlook
    14.8.3. Product summary 
    14.8.4. Recent developments
    14.9. Colorado Standby
    14.9.1. Company details
    14.9.2. Financial outlook
    14.9.3. Product summary 
    14.9.4. Recent developments
    14.10. CleanLight
    14.10.1. Company details
    14.10.2. Financial outlook
    14.10.3. Product summary 
    14.10.4. Recent developments
    14.11. WANCO INC.
    14.11.1. Company details
    14.11.2. Financial outlook
    14.11.3. Product summary 
    14.11.4. Recent developments
    14.12.  Biglux Innovation Ltd.
    14.12.1. Company details
    14.12.2. Financial outlook
    14.12.3. Product summary 
    14.12.4. Recent developments
    14.13.  Sunbelt Rentals, Inc.
    14.13.1. Company details
    14.13.2. Financial outlook
    14.13.3. Product summary 
    14.13.4. Recent developments
    14.14.  National Signal Inc.
    14.14.1. Company details
    14.14.2. Financial outlook
    14.14.3. Product summary 
    14.14.4. Recent developments
    14.15.  GREENSKY MOBILE POWER & LIGHT
    14.15.1. Company details
    14.15.2. Financial outlook
    14.15.3. Product summary 
    14.15.4. Recent developments
    14.16. VERMAC
    14.16.1. Company details
    14.16.2. Financial outlook
    14.16.3. Product summary 
    14.16.4. Recent developments
    14.17. Herc Rentals Inc.
    14.17.1. Company details
    14.17.2. Financial outlook
    14.17.3. Product summary 
    14.17.4. Recent developments
    14.18. 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.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    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.
    You can get the sample pages by clicking the link - Click Here
    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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