Market Overview:
The global modular tower lights market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for modular tower lights in process industries and discrete industries. Additionally, the growing awareness about energy-efficient lighting solutions is also propelling the growth of this market. LED lights are expected to witness high demand during the forecast period as they are more energy-efficient as compared to conventional light sources. North America is estimated to hold a major share of the global modular tower lights market in 2018, followed by Europe and Asia Pacific.
Product Definition:
A modular tower light is a type of traffic signal that is designed to be installed in a modular fashion. This means that the individual units can be assembled or disassembled as needed, which makes them ideal for use in areas where space is limited. Modular tower lights are also easy to maintain and repair, which makes them a popular choice for use in urban areas.
LED Lights:
LED lights are the future of lighting technology. They have a longer life, consume less power, and emit a lower amount of heat than incandescent bulbs. LED lights are also cheaper to operate in comparison with incandescent bulbs which makes them an ideal replacement for incandescent bulbs in modern applications.
Conventional Lights:
Conventional lights are the most basic form of light used in modular tower lights. They come in different shapes and sizes, but their output power is always the same. The conventional light source can be a simple on-off switch or a complex LED system that provides various color options to choose from.
The conventional light source has been used since ages; however, its applications have changed over time as technology evolved and innovations were made to improve efficiency and functionality of these devices.
Application Insights:
The discrete industries segment accounted for the largest revenue share in 2016 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to an increase in demand from security, surveillance, and inspection applications. Modular tower lights are widely used across airports, seaports, industrial complexes & warehouses among other discrete industry sites as they offer a cost-effective solution with high efficiency & reliability.
Modular tower lights have also found application across process industries such as oil & gas and power generation where there is need for long-distance visibility of critical processes at various stages of production or while moving through different phases of maintenance activities. These types of lighting solutions help improve overall plant safety by reducing accidents caused due to tripping or falling over during night shift operations at oil refineries or petrochemical plants respectively.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rising demand from countries such as China, India, Japan and South Korea. In 2016, China accounted for more than 30% of global LED lighting sales owing to its large manufacturing base and growing population. Moreover, rapid urbanization in these developing nations will drive product demand further.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of modular tower lights
- Growing number of construction projects worldwide
- Proliferation of LED technology
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Modular Tower Lights Market Research Report
By Type
LED Lights, Conventional Lights
By Application
Discrete Industries, Process Industries
By Companies
Autonics, Banner Engineering, PATLITE, Schneider Electric, WERMA Signaltechnik, Domo, Edwards Signaling, Fandis, Federal Signal, Murrelektronik, Autonics, Schmersal, Turck Banner
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Modular Tower Lights Market Report Segments:
The global Modular Tower Lights market is segmented on the basis of:
Types
LED Lights, Conventional Lights
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Discrete Industries, Process Industries
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Autonics
- Banner Engineering
- PATLITE
- Schneider Electric
- WERMA Signaltechnik
- Domo
- Edwards Signaling
- Fandis
- Federal Signal
- Murrelektronik
- Autonics
- Schmersal
- Turck Banner
Highlights of The Modular Tower Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- LED Lights
- Conventional Lights
- By Application:
- Discrete Industries
- Process Industries
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Modular Tower Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Modular Tower Lights are a type of security light that can be assembled in a variety of configurations to create customized lighting solutions. Modular Tower Lights are typically made from aluminum or steel and come with an attached light fixture, allowing for quick and easy installation.
Some of the major players in the modular tower lights market are Autonics, Banner Engineering, PATLITE, Schneider Electric, WERMA Signaltechnik, Domo, Edwards Signaling, Fandis, Federal Signal, Murrelektronik, Autonics, Schmersal, Turck Banner.
The modular tower lights market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Modular Tower Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Modular Tower Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Modular Tower Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Modular Tower Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Modular Tower Lights Market Size & Forecast, 2020-2028
4.5.1 Modular Tower Lights Market Size and Y-o-Y Growth
4.5.2 Modular Tower Lights Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 LED Lights
5.2.2 Conventional Lights
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Discrete Industries
6.2.2 Process Industries
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Modular Tower Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Modular Tower Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 LED Lights
9.6.2 Conventional Lights
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Discrete Industries
9.10.2 Process Industries
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 LED Lights
10.6.2 Conventional Lights
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Discrete Industries
10.10.2 Process Industries
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 LED Lights
11.6.2 Conventional Lights
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Discrete Industries
11.10.2 Process Industries
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 LED Lights
12.6.2 Conventional Lights
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Discrete Industries
12.10.2 Process Industries
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 LED Lights
13.6.2 Conventional Lights
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Discrete Industries
13.10.2 Process Industries
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Modular Tower Lights Market: Competitive Dashboard
14.2 Global Modular Tower Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Autonics
14.3.2 Banner Engineering
14.3.3 PATLITE
14.3.4 Schneider Electric
14.3.5 WERMA Signaltechnik
14.3.6 Domo
14.3.7 Edwards Signaling
14.3.8 Fandis
14.3.9 Federal Signal
14.3.10 Murrelektronik
14.3.11 Autonics
14.3.12 Schmersal
14.3.13 Turck Banner
