As per a report by PMR, the global stadium lighting market generated a market revenue of US$ 481.3 Mn in 2019, and is expected to expand at a healthy CAGR of more than 11% over the forecast period (2020-2030).
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Stadium lighting is used for illuminating playfields or arenas during the night time or low-light conditions. Stadium lighting is required for both, indoor and outdoor set-ups, and is specifically used more for outdoor purposes, as it brings uniformity, visual comfort, and limiting obtrusive light. These lightings are also specifically needed for games where minute observation, such as fast-moving balls need to be observed. Deployment of stadium lighting allows players to avoid injuries and perform efficiently, and also allows viewers to see the game at its best.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Signify Holding (Philips), Douglas Lighting Controls (Panasonic), Cooper Lighting Solutions (Eaton Corporation), Cree Inc., Hubbell, LG Electronics, Bajaj Electricals Ltd., Zumtobel Group, General Electric and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Stadium Lighting.
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Key Takeaways from Stadium Lighting Market Study
- The lighting control systems segment is expected to gain significant share, due to increased lamp life and energy savings for stadium lighting.
- Introduction of government regulations will boost demand for LED products, and is creating new growth opportunities for manufacturers and service providers of stadium lighting products.
- Key players in the stadium lighting market are focusing on acquisitions to complement their product portfolio to cater to the needs of a variety of customers. Market participants are also focusing on providing products directly to end users to improve direct customer relations.
- The COVID-19 pandemic led to lockdowns across nations, and suspension of all sports activities. However, sporting events are slowly resuming across the world with relevant precautions, which will help market growth going forward.
“Manufacturers in the stadium lighting market space can increase revenues by upgrading existing facilities to improve operational efficiency, reduce operating costs, and adopting IOT in lighting fixtures. Key players are focusing on continuous developments and spending on sports, media, entertainment, and construction industries, which is proliferating opportunities market players,” says a PMR analyst.
Technological Advancements in Stadium Lighting to Boost Market Growth
Through its special properties such as transparency, surface light source, and flexibility, OLED technology has opened new growth opportunities for major players operating in the stadium lighting market. Some of the major players and start-ups have started manufacturing and offering OLED lighting products for stadium lighting.
For instance, Philips is offering Optivision LED gen3 C lights, which is a complete lighting solution for most complex areas and recreational sports lighting applications. These high-efficiency floodlights come with a single piece die cast housing, hosting 2 and 3 LED engines, respectively.
Key Stakeholders
Stadium Lighting Market Manufacturers
Stadium Lighting Market Distributors/Traders/Wholesalers
Stadium Lighting Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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