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Global stadium lighting industry until 2028 – by light source, presentation, application and geography
Dublin, 8 January 2021 (GLOBE NEWSWIRE) – The report “Size of stadium lighting, market share, application analysis, regional prospects, growth times, key players, competitive strategies and forecasts, 2020 to 2028” has been added to ResearchAndMarkets.com’s offering. 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 prominent factors complimenting market growth may be attributed to the replacement of traditional stadium lights with LED lights. As LED lights are more energy efficient, this has led to their increasing acceptance in stadiums around the world. In addition, the declining cost of LED lights is another important factor leading to its increasing acceptance in stadiums, which positively affects the growth of the stadium lighting market. In addition, LED lights do not necessarily flicker, so that viewers are not distracted by flickering while watching slow-motion repetitions. Furthermore, metal halide lamps need time to heat up while the LEDs are on immediately. In addition, LED lights provide a more vibrant stadium experience for the fans. The construction of new stadiums to host upcoming national and international sporting events is another important factor contributing to the growth of stadium lighting. Some of the recent or upcoming sporting events include the PyeongChang 2018 Winter Olympics, 2018 World Cup, Asian Games, 2018 Summer Olympics and Copa America in 2019. To host these events, countries are focusing on modernizing stadiums and their lighting. These factors are expected to complement the growth of the market in stadium lighting. Internet of Things (IoT) Changing the dynamics of stadium lighting With the advancement of IoT, information can be exchanged with various electronic devices with minimal or no human intervention. The application of IoT in lighting systems can significantly improve the infrastructure capabilities of a stadium. It also implies that lighting systems will become more intelligent and self-governing in terms of sharing data with building automation systems and the cloud. Therefore, IoT expects to play a crucial role in stadium lighting systems in the coming years. Recently, the training ground of Sparta ’25 in the Netherlands became the first in the world to install sports lighting with IoT connection. The internet protocol-controlled floodlights can be controlled by players and officials using a smartphone. Partnership to play an important role for stadium light manufacturers Entering into partnerships is one of the most common strategies adopted by stadium light manufacturers. Under the terms of the partnership, the manufacturer usually provides both lighting components and services. Musco, for example, provided stadium lighting to various stadiums in North America and Latin America. The stadiums included Copper Sky Aquatic Center (USA), Wilmington Blue Rocks Frawley Stadium (US) and Estadio Universitario Alberto Chivo Cordoba (Mexico). Pacific Asia and the Middle East and Africa will emerge as important markets in the coming years. Europe dominated more than 30% of the total market value in 2019 by Europe. The presence of a large number of stadiums in the region contributes to the large market size in the region. Stadiums in Europe have always adopted new technologies and in the coming years many stadiums are expected to switch to LED stadium lights. This factor is expected to positively impact the growth of the stadium lighting market in the region. The Asia-Pacific and the Middle East and Africa are expected to see high CAGR growth during the forecast period. The construction of new stadiums and the improvement of existing lighting systems are the key factors that help the market growth in the region. Key players profiled in the report include Philips Lighting, Musco Sports Lighting, Eaton, Cree, Zumtobel Group, Acuity Brands, including Hubbell, LG Electronics, General Electric and Panasonic. Important questions answered in this report What was the global size of the Stadium Lighting market in 2019 and forecast for 2028? What are the current trends in the Stadium Lighting market? What are the different valuables? opportunities for the players in the market? What is the largest local market for Stadium Lighting? Which region is expected to be the fastest growing and why? What are the future prospects for the Stadium Lighting market? What are the key drivers and constraints that drive market growth? What are the new products introduced by the leading players? What are the key strategies adopted by the leading players in the market? Key topics: Chapter 1 Foreword 1.1 Report description 1.1.1 Purpose of the report 1.1.2 Target group 1.1.3 USP and important presentations 1.2 Research scope 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 – Assessment of expert panels 1.4.4 Assumptions 1.4.5 Approach adopted Chapter 2 Executive summary 2.1 Snapshot of the market: Global market for the light of the stadium 2.2 Global market for stadium lighting, according to light source, 2019 2.3 Global market for the light of the stadium lighting, by presentation, 20192.4 Global Stadium Lighting Market, by application, 20192.5 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, (US $ million ) 3.2 Market managers3.3 Market constraints3 .3.1 Impact analysis of managers and constraints 3.4 Important market trends and future prospects 3.5 Attractive investment proposal, by geography3.6 Competitive analysis3.6.1 Market positioning of key suppliers3.6.2 Key S strategies adopted by the leading players Chapter 4 Global stadium lighting market analysis, by light source, 2018 – 20284.1 Market analysis 4.2 LED (light emitting diode) 4.3 HID (discharge) 4.4 Induction Lighting Chapter 5 Market Analysis of the World Stadium Lighting Presentation, 2018 – 20285.1 Market Analysis 5.2 Lamps and Luminaires 5.3 Control Systems 5.4 Services Chapter 6 Global Stadium Lighting Market Analysis, as Applied, 2018 – 20286.1 Market Analysis 6.2 Outdoor Furniture 2018 – 20287.1 Overview 7.2 North America Stadium Lighting Market Analysis, by Light Source, 2018 – 20287.2.1 Market Analysis 7.3 North America Stadium Lighting Market Analysis, by Presentation, 2018 – 20287.3.1 Market Analysis 7.4 North America Stadium Lighting Market Analysis, By Application, 2018 – 20287.4. 1 Markanalise 7.5 N Resort 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 Overview 8.2 European Stadium Lighting Market Analysis, by Light Source, 2018 – 20288.2.1 Market Analysis 8.3 European Stadium Lighting Market Analysis, by presentation, 2018 – 20288.3.1 Market analysis 8.4 European stadium lighting market Analysis, by application, 2018 – 20288.4.1 Market analysis 8.5 European stadium lighting Market analysis, by country / region, 2018 – 20288.5.1 UK8.5.2 Germany 8.5.5 France 8.5. 4 Rest of Europe Chapter 9 Asia-Pacific Stadium Lighting Market Analysis, 2018 – 20289.1 Overview 9.2 Asia-Pacific Stadium Lighting Market Analysis, by Light Source, 2018 – 20289.2.1 Market Analysis 9.3 Asia-Pacific Stadium Lighting Market Analysis – by 20289 2018, .1 Market Analysis 9.4 Asia Pacific Stadium Lighting Market Analysis, as Applied, 2018 – 20289.4.1 Market Analysis 9.5 Asia Pacific Stadium Lighting Market alise, by country / region, 2018 – 20289.5.1 China 9.5.2 Japan 9.5.3 India 9.5.4 Rest of the Pacific Chapter 10 Rest of the World Stadium Lighting Market Analysis, 2018 – 202810.1 Overview 10.2 Rest of the World Stadium Lighting Market Analysis , by light source, 2018 – 202810.2.1 Market analysis 10.3 Rest of the World Stadium Lighting Market analysis, by presentation, 2018 – 202810.3.1 Market analysis10 .4 Rest of the World Stadium market analysis of lights, by application, 2018 – 202810.4.1 Market analysis10.5 Rest of the World Stadium League Analysis Market, by Region, 2018 – 202810.5.1 Latin America 10.5.2 Middle East and Africa Chapter 11 Company Profiles11.1 Philips Lighting11.2 Musco Sports Lighting11.3 Eaton11.4 Cree11.5 Zumtobel Group11 .6 Acuity Brands11.7 Hubbell11.8 LG Electronics11.9 General Electric11.10 Panasonic Visit https: // www for more information on this report .researchandmarkets.com/r/b4vxw4 Research and Markets also offers personalized, focused, provides comprehensive and customized research. 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