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

"Growing Adoption of LED to Drive the Stadium Lighting Market Growth"

The stadium lighting market was valued at US$ 465.7 Mn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 8.4% from 2018 to 2026. One of the most prominent factors complimenting the market growth can be attributed to replacement of traditional stadium lights with LED lights. Considering the fact that LED lights are more energy efficient, has resulted in its increased adoption across stadiums around the world. Moreover, declining cost of LED lights is another prominent factor leading to its increasing adoption in stadiums, thereby influencing the stadium lighting market growth positively. Moreover, LED lights don’t necessarily flicker as a result of which viewers are not 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. Construction of new stadiums in order to host upcoming national and international sports events is another important factor aiding the stadium lighting market growth. Some of the recently held/upcoming sports events include PyeongChang 2018 Olympic Winter Games, Football World Cup 2018, Asian Games, 2018 Summer Youth Olympics and 2019 Copa America among others. Countries in order to host these events focuses on modernization of stadiums and its lightings. These factors in combination are expected to compliment the stadium lighting market growth.

Market Synopsis

Stadium Lighting Market

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"Internet of Things (IoT) Changing the Dynamics of Stadium Lightings"

Advancements in the field of IoT has enabled information to be exchanged between different electronic devices with minimum or no human intervention. The application of IoT in 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 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 smart phone.

"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 partnership, the manufacturer mostly provides both lighting components as well as 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).

Stadium Lighting Market

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

The global stadium lighting market was dominated by Europe accounting for more than 30% of the overall market value in 2017. The presence of a large number of stadium in the region contributes to the large market size of 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 expected to positively influence the stadium lighting market growth in the region. Asia Pacific and The Middle East & Africa are expected to witness a high CAGR growth during the forecast period. Construction of new stadiums and up gradation of existing lighting systems are the two most prominent factors aiding the market growth in the region.

Stadium Lighting Market

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Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

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

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 Light Source (2016–2026; US$ Mn)
 • LED (Light-emitting Diode)
 • HID (High-intensity Discharge)
 • Induction Lights

 Offering (2016–2026; US$ Mn)
 • Lamps & Luminaires
 • Control Systems
 • Services

 Application (2016–2026; US$ Mn)
 • Outdoor
 • Indoor

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S. and Canada)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

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 answered in this report

  • What was the global Stadium Lighting market size in 2017 and 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 expected to be the fastest growing and why?
  • What are the future prospects for the Stadium Lighting market?
  • What are the major drivers and restraints influencing the market growth?
  • What are new products launched by the leading players?
  • What are the key strategies adopted by the leading players in market?
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Published Date:  Sep 2018
Category:  Technology & Media
Report ID:   59310
Report Format:   PDF
Pages:   120
Rating:    4.1 (69)
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