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The stadium lighting market size is projected to increase by USD 224.38 million, at a CAGR of 7.8% between between 2023 and 2028. The growth rate of the market depends on several factors, including growth in sports events globally, increase in stadium construction globally and increasing demand for sustainable lighting. Stadium lighting is the integration of artificial lighting systems in an indoor and outdoor stadium or arena based on the specific lighting requirements of different national and international sporting bodies.
The report includes a comprehensive outlook on the market offering forecasts for the industry segmented by Source, which comprises HID, LED, and Others. Additionally, it categorizes Type into retrofit installation and new installation and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD million for each of the mentioned segments.
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Increasing demand for sustainable lighting is notably driving market development. A surge in the utilization of energy resources is causing an increase in energy dissipation and carbon dioxide emissions. Growing environmental concerns, such as global warming and ozone depletion, are resulting in governments across developed and developing nations imposing stringent regulations to limit carbon dioxide emissions. In the past decade, the Environmental Protection Agency (EPA) launched the Green Power Partnership to increase the use of renewable sources of electricity in the US.
However, such initiatives are increasing the requirement for sustainable stadium lighting, such as solar-powered stadium lighting. The companies in the market provide solar-powered stadium lights to overcome the environmental concerns of end-users. Signify offers solar-powered outdoor LED stadium lighting. This demand for sustainable stadium lighting solutions is estimated to drive the growth of the market during the forecast period.
An increase in the adoption of LED stadium lighting is an emerging trend shaping market growth. High energy efficiency, long life span, and eco-friendly features of LED lights compared with other lights, such as HID and incandescent lights, are leading to the increasing adoption of LED lights for stadium lighting. LED lights illuminate immediately after the power-up; however, the HID light requires a certain warm-up period, which results in around 30% more energy consumption. In addition, LED lights have a longer life span (around 48,000 hours) than incandescent lights, which helps in reducing the replacement cost.
Moreover, LED lights are chemical-free and non-toxic. In June 2021, Signify NV Upgraded its LED lighting systems in six of Europe's top football stadiums, including Johan Cruyff Arena, Amsterdam, Gazprom Arena, St. Petersburg, Steaua Stadium, and Bucharest. An increase in the adoption of LED stadium lighting is, thus, expected to drive the growth of the market during the forecast period.
The long product replacement cycle of stadium lights is a significant challenge hindering market growth. The average life span of the stadium lighting system is long. In addition, the rated life of LED stadium lights is around 50,000 hours. With effective utilization, the LED stadium light can last up to 10-13 years. While the replacement cycle of the light component maybe 1-3 years, the entire system is highly durable and lasts for more than a decade. Owing to the longer average life span, lights may be purchased only to replace faulty lights.
However, companies compete by offering superior-quality, durable systems. This restricts customers from switching between players or experimenting with products offered by new players, which hinders market growth. Therefore, the market is not expected to witness any breakthrough innovation during the forecast period. Hence, infrequent purchases and a long replacement cycle of stadium lighting systems will hamper the growth of the market during the forecast period.
The market share growth by the HID segment will be significant during the forecast period. HID lamps are electrical gas-discharge lamps; these are available as mercury-vapor lamps, metal-halide lamps, and sodium-vapor lamps, among other types. The light output of HID is around 75 lumens per watt. Due to the higher wattage of HID lights, the high energy output of these lights is more suitable for stadium lighting than other applications, such as street lighting or car parking area lights.
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The HID segment was the largest and was valued at USD 300.72 million in 2018. The HID segment enables stakeholders to adapt their solutions to the specific needs of different stadiums and sports venues. For example, large stadiums hosting major sports events may prefer the high brightness and color rendering power of metal halide lighting for high-quality broadcast and illumination. On the other hand, smaller venues may choose high-pressure sodium lighting to balance performance and operating costs. Owing to these factors, the HID segment will positively impact the market during the forecast period.
One of the most important market segments by type in the market is retrofit installations. Retrofit installation is the process of upgrading or replacing an existing lighting system with more advanced, modern, energy-saving, and technologically advanced lighting solutions. The lighting conditions used in smart stadiums can be changed based on the number of spectators, which further improves energy efficiency. Building management systems implemented in smart stadiums enable the monitoring of the entire stadium from a single console, which maximizes efficiency and reduces operating costs. Thus, owing to the advantages of smart stadiums, the construction of smart stadiums will increase, which will drive the growth of the retrofit installation of stadium lighting and, in turn, propel the growth of the market during the forecast period.
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APAC is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. The rise in the number of stadium construction and renovation projects is a key factor that drives the growth of the market in the APAC region. One of the main reasons for APAC market growth is the rapidly urbanizing and developing infrastructure in countries such as China, India, and other Southeast Asian countries. Modern stadiums, multi-purpose arenas, and sports complexes require state-of-the-art lighting solutions, driving the demand for innovative stadium lighting technologies. Stadium authorities are looking for efficient lighting to reduce their energy consumption and maintenance costs
In addition, some leading players in the market are taking advantage of the new opportunities emerging in APAC. Players such as Musco Lighting and Eaton Corporation, as well as Philips Lighting, have made a name for themselves by offering bespoke lighting solutions for a variety of stadiums and arenas across the world. For example, in 2022, Musco Sports Lighting LLC had the opportunity to light up some of the world's most iconic venues, including Australia Cricket Ground in Melbourne, demonstrating its commitment to providing efficient and environmentally friendly lighting solutions. Such factors are expected to drive the regional market growth during market growth.
The market forecasting report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and trends strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Acuity Brands Inc. - The company offers stadium lighting such as High Lumen Flood Size 2, High Lumen Flood Size 1, and Floods ACP1 LED.
AMS OSRAM AG - The company offers stadium lighting solutions such as flicker-free Floodlight 20 series, and Floodlight 20 Maxi LED.
Bajaj Electricals Ltd. - The company offers stadium lighting such as the Bajaj AMAZE Premium LED floodlighting range for large sports events.
The Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Market analysis and report of qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest market trends and analysis, and growth opportunities from 2018 to 2028.
Stadium Lighting Market Scope |
|
Report Coverage |
Details |
Page number |
164 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.8% |
Market Growth 2024-2028 |
USD 224.38 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.28 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 37% |
Key countries |
US, Canada, China, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Canara Lighting Industries Pvt. Ltd., Eaton Corp. Plc, Fagerhult Group, Glamox Group, GS LIGHT, Hubbell Inc., KCL Engineering, Musco Sports Lighting LLC, Nila Inc., Panasonic Holdings Corp., Qualite Sports Lighting LLC, Savant Systems Inc., Signify NV, SMART Global Holdings Inc., Techline Sports Lighting, Wipro Ltd., and Zumtobel Group AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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