MarketResearch.biz announced the release of its recently generated research report titled "Global lighthouse market by product type (light emitting diodes, metal halide lamps, and electrodeless lamps), by fuel type (diesel engine, battery, solar, hydrogen)" , By mobility (mobile, fixed), by end user (construction, mining, disaster relief and emergency, oil and gas), and by region-global forecasts to 2027. ", it provides an overall view of the global lighthouse market in a systematic way. Segmentation covers all aspects of the target market. The first five-year cumulative revenue (2018-2022) is expected to exceed 4.4 billion U.S. dollars and is expected to be in the five-year forecast period. The later period will increase substantially.
A lighthouse is a portable lighting device that contains a set of electric lights fixed on top of a light pole. The lighthouse is a light source used in construction sites, oil and gas industry, mining industry, etc.
Global lighthouse market: market dynamics
The lighthouse has an important application in the construction industry because it is an ideal solution for night construction activities. The rapid population growth and the increase in the number of construction activities are the main factors that are expected to drive market growth during the forecast period. Increased investment in various industries, coupled with an increase in global sports activities and competitions, are the main factors that are expected to support market growth during the forecast period.
However, high product costs are currently the main factor restricting the growth of the global market. In addition, the availability of refurbished and locally produced equipment is another factor that is expected to hinder the growth of the global market during the forecast period.
Expanding their presence in developing economies will provide high-potential revenue opportunities for manufacturers operating in the market.
Global Lighthouse Market: Market Forecast
The comprehensive research report includes a complete forecast of the global lighthouse market based on the factors affecting the market and their impact in the foreseeable future. According to forecasts, during the forecast period, the revenue of the global lighthouse market is expected to grow at a moderate compound annual growth rate of 3.3%.
Global Lighthouse Market: Segmented Snapshot
The market report has been segmented according to product type, fuel type, mobility, end user and region. Product types include light-emitting diodes (LED), metal halide lamps and electrodeless lamps. The fuel type part includes diesel engine light, battery light, solar light, hydrogen light. Subdivided by mobile type, including mobile and fixed. Construction, mining, disaster relief and emergency, oil and gas by end user. The regions covered by the analysis include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
By product type: Compared with other product types, the metal halide lamp segment has the highest revenue share contribution and is expected to maintain its dominant position during the forecast period.
By fuel type: The diesel engine segment has the highest revenue share in the global market, and the battery lamp segment is expected to have the highest compound annual growth rate during the forecast period.
By mobility: The mobile sector has the highest revenue share in the global market and is expected to maintain its dominant position during the forecast period.
End users: The construction sector has the highest revenue share in the global market and is expected to maintain its dominant position during the forecast period.
By region: The North American market accounted for the highest revenue share of the global lighthouse market in 2017.
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Global Lighthouse Market: Competitive Analysis
Global lighthouse market research reports include Generac Holdings Inc., Terex Corporation, Doosan Corporation, Atlas Copco, Wacker Neuson SE, Aska Equipments Ltd., Ocean's King Lighting Science & Technology Co., Ltd., JC Bamford Excavators Ltd., Allmand Bros. , Inc. and AllightSykes Pty Ltd.
The "Global Lighthouse Market: Global Industry, Scale, Share, Growth, Trends and Forecasts, 2018-2027" report is prepared based on in-depth market analysis and input from industry experts. This report covers the current status and growth prospects of the global lighthouse market from 2018 to 2027.
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