Stadium Lighting Market by Solution Set-Up (Indoor, Outdoor), Installation Type (New, Retrofit) Global Forecast to 2023

The stadium lighting market is expected to be valued at USD 432.0 million in 2018 and is likely to reach USD 622.2 million by 2023, at a CAGR of 7.57% during the forecast period. Factors such as upcoming national and international sports events, enhanced stadium experiences of fans using LEDs, and reducing costs of LEDs and lifecycle operating costs of stadiums are boosting the demand for stadium lightings.

The report covers the analysis and forecast of the stadium lighting market by light source, offering, solution set-up, installation type, and geography. The study identifies and analyzes market dynamics such as drivers, restraints, opportunities, and challenges. It also profiles the key players operating in the market.

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The stadium lighting market is segmented by light source into LED and others (high-intensity discharge, high-pressure sodium, and induction lights). LEDs held a larger share of the stadium lighting market in 2017. Stadiums are replacing old lighting systems with LEDs as these help in lowering energy consumption, as well as in maintaining costs. LEDs provide better quality light compared with traditional lightings and help meet broadcast demands that include a push to high-definition TV and ultra-slow-motion technology. These also help in eliminating shadows and dark spots on playing surfaces and glares in the eyes of players.

The stadium lighting market has been segmented by offering into lamps & luminaires, control systems, and services. The growth of the market for services is primarily driven by the increasing replacement of older lighting systems with advanced LED lighting systems and upcoming national and international sport events, such as Rugby World Cup 2019 in Japan, Super Bowl LII 2018 in the US, and Olympic Games 2020 in Japan.

Some of the major players operating in the stadium lighting market are Philips Lighting (Netherlands), Musco Sports Lighting (US), Eaton (Ireland), Cree (US), Zumtobel Group (Austria), Acuity Brands (US), Hubbell (US), LG Electronics (South Korea), General Electric (US), and Panasonic (Japan).