Frequently asked questions
The global outdoor sports field lighting market was valued at USD 120.6 Million in 2022.
The outdoor sports field lighting market is predicted to grow at a CAGR of 6.6% between 2023 and 2030, reaching USD 201.1 Million in 2030.
Stadiums & arenas are the leading type of sports field segment, holding over 30% share in value in 2022.
The traditional lighting technology segment governs the global demand for outdoor sports field lighting, holding a massive share of over 55% in 2022.
The dynamic lighting control systems segment will post the highest CAGR over the projection period.
North America is fueling the robust growth of the outdoor sports field lighting industry, with over one-third of its share in 2022.
The top players include Philips Lighting (Netherlands), Osram (Germany), Cree Inc (US), Acuity Brands Inc (US), Eaton Corporation (Ireland), Hubbell Inc (US), Schneider Electric (France), GE Lighting (US), Thorn Lighting (UK), Panasonic Corporation (Japan), Signify (Netherlands), LSI Industries Inc (US), FSL Lighting (China), Toshiba Corporation (Japan), Wipro Lighting (India), Havells India Limited (India), Bajaj Electricals Limited (India), and Others.
The major market drivers of the outdoor sports field lighting industry are the increasing focus on energy efficiency and sustainability and the advancements in smart lighting technologies, enhancing lighting efficiency and fan experiences.
The major market restraints of the outdoor sports field lighting industry are the high initial investment costs associated with modern lighting technologies and the complexities of regulatory and environmental compliance.
The major market opportunities of the outdoor sports field lighting industry are rooted in the rising demand for multi-sport and flexible facilities and the adoption of smart lighting and IoT integration, which offer versatility and enhanced connectivity, energy efficiency, and data-driven insights.