Global Stadium Lighting Market 2019-2023

  • Published: Jun 2019
  • Pages: 117
  • SKU: IRTNTR31483
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The global stadium lighting market size will grow by USD 255.84 million during 2019-2023. This market report provides a detailed analysis of the market by lighting source (HID, LED, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Cree Inc., Ephesus Lighting Inc., Musco Sports Lighting LLC, Signify NV, and Zumtobel Group AG.

Some of the key findings from our stadium lighting market forecast report are summarized below

Stadium Lighting Market

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Global Stadium Lighting Industry Overview

The investments in smart stadium solutions are expected to increase significantly in the next few years. Smart stadiums offer several benefits such as efficient crowd management, internet connectivity, smart lighting, and additional information such as team and player statistics. These benefits are expected to improve operational efficiency and enhance spectator engagement and experience. Several vendors are offering smart stadium lighting control systems which provide customized lighting options and automatic control for brightening and dimming lights as per the lighting and broadcasting requirements. The emergence of smart stadium lighting control systems has been identified as a critical stadium lighting market trend, which will have a positive impact on the growth of the market.

Growing environmental concerns and stringent government regulations aimed at limiting carbon dioxide emissions have resulted in an increasing demand for sustainable stadium lighting solutions. Initiatives such as the Green Power Partnership by the Environmental Protection Agency (EPA) are expected to boost the demand for sustainable stadium lighting. Brabourne Stadium and M. Chinnaswamy Stadium in India have already installed solar panels to power stadium lights and other electronic equipment. The rising environmental concern among end-users has driven market vendors to offer solar-powered stadium lights. This growing demand for sustainable stadium lighting will be a significant factor fueling the expansion of the market at a CAGR of over 8% during the forecast period.

Top Stadium Lighting Companies Covered in this Market Research Report

The global stadium lighting market is concentrated. To help clients improve their market position, this report provides an analysis of the market's competitive landscape and offers information on the products offered by various companies. Moreover, this stadium lighting market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will enable companies to create strategies to make most of the future growth opportunities.

The report offers a detailed analysis of several leading stadium lighting manufacturers, including:

  • Cree Inc.
  • Ephesus Lighting, Inc. 
  • Musco Sports Lighting LLC
  • Signify NV
  • Zumtobel Group AG

Stadium Lighting Market Segmentation Based on Lighting Source

  • High-intensity discharge (HID)
  • Light-emitting diode (LED)
  • Others

The HID segment will account for the highest stadium lighting market share. The high energy output of HID lights makes it ideal for use in stadium lighting applications. This report provides an accurate prediction of the contribution of all the segments to the growth of the stadium lighting market size.

Stadium Lighting Market Segmentation Based on Geographic Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for the companies, it has been identified that the APAC region will account for the highest share of the stadium lighting market throughout the forecast period. The growing number of stadium construction and renovation projects in APAC is expected to fuel stadium lighting market growth in this region.

Key Highlights of the Global Stadium Lighting Market for the Forecast Years 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the stadium lighting market during the next five years
  • Precise estimation of the global stadium lighting market worth and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the stadium lighting industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of stadium lighting companies  

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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