Global Stadium Lighting Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2026, at a 7.5 % CAGR of around during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Stadium Lighting is used for International and National matches of the sport. Upcoming national and international sports matches, superior stadium experiences of fans using LED and low cost of LED are enhancing the demand for stadium lightings, which drives Stadium Lighting Market at a high level. High-cost equipment and lack of standardization are restraining of the Stadium Lighting Market.
The emergence of smart stadium lighting control systems is one of the major trends that are likely to trigger the market’s growth during the forecast period. Smart stadiums are mainly driven by the need to offer enhanced viewer experience and better operational efficiency. Smart stadiums provide spectators with benefits like internet connectivity, efficient crowd management, and additional information about the game in progress.
The report covers the segments in the stadium lighting market such as light source, offering, set-up, installation type. By the offering type, the stadium lighting market has been segmented into lamps & luminaires, control systems, and services. The stadium lighting market for services is estimated to reach a high growth rate owing to the growing demand for replacing tradition lighting by LED lighting and upcoming national and international events.
Europe held the largest share, in terms of value, of the stadium lighting market in 2018. The growth of the stadium lighting market can be credited to the presence of the highest number of professional football associations and clubs, such as the Premier League.
The report also focuses on global major leading industry players of Global Stadium Lighting Market providing information such as company profiles, product picture and specification, capacity, production, cost, revenue and contact information. In Jan 2018, Philips Lighting signs a contract to install its ArenaVision floodlighting in four South Korean stadiums to be used for skating, ski, snowboard, hockey, and short track. The stadiums that will organize the lighting are the Phoenix Snow Stadium, the Gangneung and Gwandong Hockey Centers, and the Gangneung Ice Arena.
The objective of the report is to present a comprehensive analysis of the Global Stadium Lighting Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Stadium Lighting Market dynamics, structure by analyzing the market segments and project the Global Stadium Lighting Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Stadium Lighting Market make the report investor’s guide.
The Scope for the Stadium Lighting Market: Inquire before buying
Stadium Lighting Market, By Light Source
• LED
• HID
• HPS
• Induction
Stadium Lighting Market, By Offering
• Lamps & Luminaires
• Control Systems
• Services
Stadium Lighting Market, By Set-Up
• Indoor
• Outdoor
Stadium Lighting Market, By Installation Type
• New
• Retrofit
Stadium Lighting Market, By Region
• Europe
• North America
• Asia-Pacific
• LAMEA
Key Players of the Stadium Lighting Market
• Philips Lighting
• Musco Sports Lighting
• Eaton
• Cree
• Zumtobel Group
• Acuity Brands
• Hubbell
• LG Electronics
• General Electric
• Panasonic
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