Stadium Lighting Market By Light Source (LED (Light-emitting Diode), HID (High-intensity Discharge), Induction Lights), By Offering (Lamps & Luminaires, Control Systems, Services), By Application (Outdoor, Indoor) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

LED Adoption Will Drive Stadium Lighting Market Growth

The stadium lighting market was valued at US$ 465.7 million in 2017 and is expected to grow at an 8.4% CAGR between 2018 and 2026. One of the most prominent factors contributing to market growth can be attributed to the replacement of traditional stadium lights with LED lights. Considering the fact that LED lights are more energy efficient, this has resulted in their increased adoption across stadiums around the world. Moreover, the declining cost of LED lights is another prominent factor leading to their increasing adoption in stadiums, thereby influencing the stadium lighting market's growth positively. Moreover, LED lights don't necessarily flicker, so viewers aren't distracted by flashing while watching slow-motion replays. Furthermore, metal halide lights need time to warm up, while LEDs turn on immediately. In addition, LED lights provide a more vibrant stadium experience for the fans. The construction of new stadiums in order to host upcoming national and international sports events is another important factor aiding the stadium lighting market's growth. The 2018 PyeongChang Olympic Winter Games, the 2018 Football World Cup, the Asian Games, the 2018 Summer Youth Olympics, and the 2019 Copa America are among the recent or upcoming sporting events. In order to host these events, countries prioritize stadium modernization and lighting. These factors, taken together, are expected to complement the stadium lighting market's growth.

Market Synopsis

The Internet of Things (IoT) and Stadium Lighting

Advancements in the field of IoT have enabled information to be exchanged between different electronic devices with minimal or no human intervention. The application of IoT to stadium lighting systems can greatly improve a stadium's infrastructural capabilities. This also implies that lighting systems will become more intelligent and self-governing in terms of sharing data with building automation systems and the cloud. Therefore, IoT is expected to play a crucial role in stadium lighting systems in the years to come. Recently, the training ground of Sparta 25 in the Netherlands became the first in the world to install IoT-connected sports lighting. The Internet Protocol-controlled floodlights can be controlled by players and officials using a smartphone.

Partnership to Play an Important Role for Stadium Light Manufacturers

Entering into partnerships is one of the most common strategies adopted by stadium light manufacturers. Under the terms of the partnership, the manufacturer mostly provides both lighting components and services. For instance, Musco provided stadium lighting to various stadiums across North America and Latin America. The stadiums included Copper Sky Aquatic Center (U.S.), Wilmington Blue Rocks Frawley Stadium (U.S.), and Estadio Universitario Alberto "Chivo" Córdoba (Mexico).

Asia Pacific, the Middle East, and Africa to Emerge as Important Markets in the Coming Years

The global stadium lighting market was dominated by Europe, which accounted for more than 30% of the overall market value in 2017. The presence of a large number of stadiums in the region contributes to the large market size of the region. Stadiums in Europe have always embraced new technologies, and in the coming years, many stadiums are expected to switch to LED stadium lights. This factor is expected to positively influence the stadium lighting market's growth in the region. Asia Pacific and the Middle East, and Africa are expected to witness high CAGR growth during the forecast period. The construction of new stadiums and the upgradation of existing lighting systems are the two most prominent factors aiding market growth in the region.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The report elucidates the detailed outline of the global stadium lighting market by categorizing the market in terms of a light source, offering, application, and geography.

Key players profiled in the report include Philips Lighting, Musco Sports Lighting, Eaton, Cree, Zumtobel Group, Acuity Brands, Hubbell, LG Electronics, General Electric, and Panasonic, among others.

Key questions are answered in this report.

  • What was the size of the global stadium lighting market in 2017, and what is the forecast for 2026?
  • What are the current trends in the stadium lighting market?
  • What are the various valuable opportunities for the players in the market?
  • Which is the largest regional market for stadium lighting?
  • Which region is expected to have the fastest growth and why?
  • What are the future prospects for the stadium lighting market?
  • What are the major drivers and restraints influencing the market's growth?
  • What are the new products launched by the leading players?
  • What are the key strategies adopted by the leading players in the market?

Frequently Asked Questions:

The market for Stadium Lighting is expected to reach US$ 465.7 Mn in 2026.

The Stadium Lighting market is expected to see significant CAGR growth over the coming years,at 8.4%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Philips Lighting,Musco Sports Lighting,Eaton,Cree,Zumtobel Group are some of the major players in the global market.

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Published Date:  Sep 2018
Category:  Technology & Media
Report ID:   59310
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
Delivery Time: 24 Hours to 48 Hours   
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