Stadium lighting market for outdoor set-ups to grow at high CAGR of 7.57%
According to the new market research report on the "Stadium Lighting Market by
Light Source (LED, HID, HPS, Induction), Offering (Lamps &
Luminaires, Control Systems, Services), Solution Set-Up (Indoor,
Outdoor), Installation Type (New, Retrofit), and Geography - 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% between 2018 and 2023. 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.
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Stadium
lighting market for LEDs to grow at high CAGR during forecast period
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
players’ eyes.
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
players’ eyes.
Stadium
lighting market for outdoor set-ups to grow at high CAGR during forecast period
High-quality
lights are required in outdoor set-ups
for uniformity, visual comfort, and limiting obtrusive light. These
lights are also required for games in which players are expected to
react quickly to small but fast-moving balls. Lighting systems installed
in outdoor set-ups are required to withstand a variety of weather
conditions, including winds, rains, and thunder storms. These systems
should be bright enough to avoid injury-causing shadows or glares on
athletic fields.
for uniformity, visual comfort, and limiting obtrusive light. These
lights are also required for games in which players are expected to
react quickly to small but fast-moving balls. Lighting systems installed
in outdoor set-ups are required to withstand a variety of weather
conditions, including winds, rains, and thunder storms. These systems
should be bright enough to avoid injury-causing shadows or glares on
athletic fields.
Stadium
lighting market in RoW to grow at high CAGR during forecast period
The
stadium lighting market in RoW is expected to
grow at the highest CAGR during the forecast period. In the Middle East,
Qatar is likely to offer growth opportunities for stadium lighting
solution providers, as the country will host the FIFA World Cup in 2022.
Furthermore, Saudi Arabia, Bahrain, and the UAE are also showing
interest in hosting major sports events. These events are expected to
attract technology providers for the deployment of advanced stadium
lighting solutions in the Middle East region. Dubai has developed
high-quality sports venues that are capable of hosting a wide range of
sport activities. Dubai Sports City's cricket stadium has been recently
installed with 365 floodlights, which are likely to create ideal playing
conditions. Sporting events such as 2019 Copa América (Brazil) and 2018
Summer Youth Olympics (Argentina) are expected to contribute to the
growth of the stadium lighting market in South America.
grow at the highest CAGR during the forecast period. In the Middle East,
Qatar is likely to offer growth opportunities for stadium lighting
solution providers, as the country will host the FIFA World Cup in 2022.
Furthermore, Saudi Arabia, Bahrain, and the UAE are also showing
interest in hosting major sports events. These events are expected to
attract technology providers for the deployment of advanced stadium
lighting solutions in the Middle East region. Dubai has developed
high-quality sports venues that are capable of hosting a wide range of
sport activities. Dubai Sports City's cricket stadium has been recently
installed with 365 floodlights, which are likely to create ideal playing
conditions. Sporting events such as 2019 Copa América (Brazil) and 2018
Summer Youth Olympics (Argentina) are expected to contribute to the
growth of the stadium lighting market in South America.
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).
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).
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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
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markets and entire value chains for deeper understanding of the unmet
insights along with market sizing and forecasts of niche markets.
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Suite 430
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USA : 1-888-600-6441
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