Tower cranes are cranes that are fixed to the ground with a horizontal boom that is balanced asymmetrically by a short arm carrying a counterweight and a long arm that carries the lifting gear. They have several main components including a base, mast or fixed tower, swing ring, boom, and counterweight. Tower cranes provide many benefits to construction projects by saving time, being multipurpose, and allowing for optimum utilization of resources, though they also have some disadvantages like being cumbersome to erect and dismantle and requiring skilled operators.