Stadium Lighting Market to grow by USD 200.48 million from 2022 to 2027

Jul 18, 2023

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30 Aug, 2023, 21:30 ET

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NEW YORK, Aug. 30, 2023 /PRNewswire/ -- The stadium lighting market is estimated to grow by USD 200.48 million from 2022 to 2027, growing at a CAGR of 7.5%. APAC is estimated to account for 37% of the global market during the forecast period. The increase in demand for sustainable stadium lighting is notably driving the market growth. With the expanding worldwide sports sector, nations are dedicating more resources to building and revamping stadiums. Consequently, the escalating count of stadium construction and upgrades is projected to amplify the need for stadium lighting. Moreover, stadium lighting enriches the stadium experience for viewers and furnishes sports broadcasters with top-notch visuals, especially for slow-motion playback. Thus, the surge in demand for eco-friendly stadium lighting is poised to steer the progress of the stadium lighting market during the forecast period. For Comprehensive details on the market size of the historic period(2017 to 2021) and forecast period (2023-2027) - View Sample report

Key Developments:

Market Dynamics

Major Challenges

The rise in environmental concerns related to stadium lights is a significant challenge hindering market growth. The impact of artificial light exposure extends to humans, animals, and plants, with white light sources like metal halide lamps and LEDs emitting substantial levels of bluish light that hinder visibility in low-light settings. These factors can potentially undermine the advancement of the stadium lighting market. The rising ecological apprehensions have led to a surge in the need for intelligent lighting solutions, including automated light control systems, to curtail excessive light exposure to humans, animals, and plants. Consequently, these environmental considerations could hinder the progression of the stadium lighting market during the forecast period.

Key Trends -The increase in the adoption of LED stadium lighting is an emerging market trend shaping the market growth.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company LandscapeThe stadium lighting market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Company Profiles

The stadium lighting market report includes information on the product launches, sustainability, and prospects of leading vendors including Acuity Brands Inc., ams OSRAM AG, Bajaj Electricals Ltd., Canara Lighting Industries Pvt. Ltd., Eaton Corp. Plc, General Electric Co., GS LIGHT , Hubbell Inc., KCL Engineering, Koninklijke Philips NV, LG Electronics Inc., Lutron Electronics Co. Inc., Musco Sports Lighting LLC, Nila Inc., Panasonic Holdings Corp., Qualite Sports Lighting LLC, Signify NV, Techline Sports Lighting, Wipro Enterprises Ltd., and Zumtobel Group AG.

Market Segmentation

This stadium lighting market report extensively covers market segmentation by source (HID, LED, and others), type (retrofit installation and new installation), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

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Stadium Lighting Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7.5%

Market growth 2023-2027

USD 200.48 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.02

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 Vendors, Market Positioning of Vendors, 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, General Electric Co., GS LIGHT , Hubbell Inc., KCL Engineering, Koninklijke Philips NV, LG Electronics Inc., Lutron Electronics Co. Inc., Musco Sports Lighting LLC, Nila Inc., Panasonic Holdings Corp., Qualite Sports Lighting LLC, Signify NV, Techline Sports Lighting, Wipro Enterprises 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 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.

Table of contents

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

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com

SOURCE Technavio