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Global Stadium Lighting Industry to 2028 – by Light Source, Offer, Application and Geography
Dublin, Jan 8, 2021 (GLOBE NEWSWIRE) – The report “Stadium Lighting Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies, and Forecast, 2020 to 2028” was added to ResearchAndMarkets offering .com. The stadium lighting market was valued at US $ 465.7 million in 2017 and is expected to grow at a compound annual growth rate (CAGR) of 8.1% from 2020 to 2028. One of the most important factors that compliment the growth of the market can be attributed to the replacement of traditional stadium lights with LED lights. Due to the fact that LED lights are more energy efficient, its adoption has increased in stadiums around the world. Moreover, the falling cost of LED lights is another major factor leading to its increasing adoption in stadiums, thereby positively influencing the growth of the stadium lighting market. Additionally, LED lights don’t necessarily flicker, and viewers aren’t distracted by the flicker when watching slow-motion reruns. Additionally, metal halide lamps need time to warm up while LEDs immediately turn on. In addition, LED lights provide a more dynamic stadium experience for fans. Another important factor contributing to the growth of the stadium lighting market is the construction of new stadiums to host upcoming national and international sporting events. Some of the recently hosted / upcoming sporting events include PyeongChang 2018 Winter Olympics, 2018 FIFA World Cup, Asian Games, 2018 Summer Youth Olympics and 2019 Copa America among others. . To host these events, countries are focusing on modernizing stadiums and their lighting. The combination of these factors is expected to complement the growth of the stadium lighting market. Internet of Things (IoT) Changing the dynamics of stadium lighting Advances in the field of IoT have enabled the exchange of information between different electronic devices with minimal or no human intervention. Applying IoT in lighting systems can dramatically improve the infrastructural capabilities of a stadium. It also means that lighting systems will become smarter and more autonomous in terms of sharing data with building automation systems and the cloud. Therefore, the IoT expected to play a crucial role in stadium lighting systems in the years to come. Recently, the Sparta ’25 training ground in the Netherlands became the first in the world to install IoT connected sports lighting. Internet Protocol Controlled Projectors can be controlled by players and officials using a smartphone Partnering to play an important role for stadium lighting manufacturers Partnering is one of the strategies most commonly adopted by stadium lighting manufacturers. Under the terms of the partnership, the manufacturer mainly provides both lighting components and services. For example, Musco supplied stadium lighting to various stadiums in North America and Latin America. The stadiums included the Copper Sky Aquatic Center (US), Wilmington Blue Rocks Frawley Stadium (US) and the Estadio Universitario Alberto Chivo Cordoba (Mexico) .Asia-Pacific, Middle East and East Africa will become important markets in the years to come. The lighting market was dominated by Europe which accounted for over 30% of the overall market value in 2019. The presence of a large number of stadiums in the region contributes to the large market size in the region. European stadiums have always embraced new technology and in the coming years many stadiums are expected to switch to LED lights. This factor is expected to positively influence the growth of the stadium lighting market in the region. Asia Pacific and Middle East & Africa are expected to experience high CAGR growth during the forecast period. Construction of new stadiums and upgrading of existing lighting systems are the two most important factors contributing to the growth of the market in the region, the major players described 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 2019 and Forecast to 2028? What are the current trends in the stadium lighting market? opportunities for market players? What is the largest regional stadium lighting market? Which region is expected to experience the fastest growth and why? What is the future outlook for the stadium lighting market? What are the main drivers and restraints influencing the growth of the market? What are the new products launched by the main players? What are the key strategies adopted by the major market players? Main topics covered: Chapter 1 Preface 1.1 Description of the report 1.1.1 Objective of the report 1.1.2 Target audience 1.1.3 USP and key offers 1.2 Scope of the research 1.3 Market segmentation 1.4 Research methodology 1.4.1 Phase I – Secondary research 1.4.2 Phase II – Primary Research 1.4.3 Phase III – Expert Panel Review 1.4.4 Assumptions 1.4.5 Approach Taken Chapter 2 Executive Summary 2.1 Market Overview: Global Stage Lighting Market 2.2 Global Stage Lighting Market Stadium Lighting, By Light Source, 2019 2.3 Global Stadium Lighting Market, By Supply, 2019 2.4 Global Stadium Lighting Market, By Application, 2019 2.5 Global Stadium Lighting Market, By Geography, 2019 Chapter 3 Market Dynamics 3.1 Market Overview 3.1.1 Global Stadium Lighting Market Value, 2018-2028, (USD Million) 3.2 Market Drivers 3.3 Market Constraints 3.1.1 Market Impact Analysis drivers and constraints 3.4 Main tenda Market nces and future outlook 3.5 Attractive investment proposition, by geography 3.6 Competitive analysis 3.6.1 Market positioning of major suppliers 3.6.2 Key S Global stadium lighting market analysis, by source of 4.2 LED (Light Emitting Diode) 4.3 HID (High Intensity Discharge) 4.4 Induction Lights Chapter 5 Global Stadium Lighting Market Analysis, by Supply, 2018-2028 5.1 Market Analysis 5.2 Lamps and Lights5.3 Control Systems5.4 ServicesChapter 6 Global Stadium Lighting Market Analysis, By Application, 2018-20286.1 Market Analysis6.2 Exterior6.3 Interior6.3 InteriorChapter 7 Automotive Lighting Market Analysis North America Stadiums, 2018 – 7.2 North America Stadium Lighting Market Analysis, by Light Source, 2018 – 2028 7.2.1 Market Analysis 7.3 Analysis of the North America Stadium Lighting Market ord, by Offer, 2018 – 2028 7.3.1 North America Stadium Lighting Market Analysis, By Application, 2018 – 2028 7.4.1 Market Analysis 7.5 North America Stadium Lighting Market Analysis, by Country, 2018 – 20287.5.1 US7.5.2 Canada Chapter 8 Europe Stadium Lighting Market Analysis, 2018 – 20288.1 Overview8.2 Europe Stadium Lighting Market Analysis, by Light Source, 2018 – 20288.2.1 Market Analysis 8.3 Europe Stadium Lighting Market Analysis, By Offer, 2018 – 2028 8.3.1 Market Analysis 8.4 Analysis, By Application, 2018 – 2028.4.1 Market Analysis 8.5 Market Analysis Europe Stadium Lighting, by Country / Region, 2018 – 20 288.5.1 United Kingdom 8.5.2 Germany 8.5.3 France 8.5.4 Rest of Europe Chapter 9 Analysis of Asia Pacific Stadium Lighting Market, 9.2 Asia-Pacific Stadium Lighting Market Analysis, By Light Source, 2018-2028 9.2.1 Market Analysis 9.3 M Analysis Asia-Pacific Stadium Lighting Archival, By Offer, 2018-2028 9.3.1 Asia-Pacific Stadium Lighting Market Analysis, By Application, 2018-2028 9.4.1 Market Analysis 9.5 Market Analysis Asia-Pacific Stadium Lighting, by Country / Region, 2018 – 20289.5.1 China9.5.2 Japan9.5.3 India9.5.4 Rest of Asia-PacificChapter 10 Rest of the World Stadium Lighting Market Analysis, 2018 – 2028 10.1 Overview 10.2 Analysis of Rest of World Stadium Lighting Market, by Light Source, 2018 – 2028 10.2.1 Market Analysis 10.3 Analysis of Rest of World Stadium Lighting Market, by Supply, 2018 – 2028 10.3.1 Market Analysis 10 .4 Analysis of the Rest of the World Stadium Lighting Market, by Application, 2018 – 2028 10.4.1 Market Analysis 10.5 Analysis of the Rest of the World Stadium Lighting Market world, by region, 2018 – 2028 10.5.1 Latin America 10.5.2 Middle East and Africa Chapter 11 Company Profiles 11.1 Philips Lighting 11.2 Musco Sports Lighting 11.3 Eaton 11.4 Cree 11.5 Zumtobel Group 11.6 Acuity Brands 11.7 Hubbell 11.8 LG Electronics 11.9 General Electric 11.10 Panasonic For more For information on this report, visit https: // www .researchandmarkets.com / r / b4vxw4 Research and Markets also offers custom research services providing targeted, comprehensive and personalized research. 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