Stadium Lighting Market by Solution Set-Up (Indoor, Outdoor) worth 622.2 million USD by 2023

[137 Pages Report] The stadium lighting market was valued at USD 392.0 million in 2017 and is expected to reach USD 622.2 million by 2023, at a CAGR of 7.57% during the forecast period. The base year considered for the study is 2017, and the forecast period is between 2018 and 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.

Know More : Download PDF Brochure @

 https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259106590

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).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC. 
630 Dundee Road 
Suite 430 
Northbrook, IL 60062 
USA : 1-888-600-6441