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
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
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.
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
Growth momentum & CAGR
Accelerate at a CAGR of 7.5%
Market growth 2023-2027
USD 200.48 million
YoY growth 2022-2023 (%)
APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution
APAC at 37%
US, Canada, China, UK, and Germany
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
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
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
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]Website: www.technavio.com