The Known and Unknown Adjacencies Impacting the Stadium Lighting Market

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MarketsandMarkets Presents

Stadium Lighting Market by Light Source (LED,
HID, HPS, Induction), Offering (Lamps
Luminaires, Control Systems, Services), Solution
Set-Up (Indoor, Outdoor), Installation Type (New,
Retrofit), and Geography - Global Forecast to
2023 The stadium lighting market is expected to
reach USD 622.2 million by 2023 from USD 432.0
million in 2018, at a CAGR of 7.57 during the
forecast period.
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Factors such as upcoming national and
international sports events, enhanced stadium
experiences of fans using LEDs, and reducing
costs of LEDs and lifecycle operating costs of
stadiums are boosting the demand for stadium
lightings. The stadium lighting market in RoW is
expected to grow at the highest CAGR during the
forecast period owing to the upcoming sport
events such as FIFA World Cup in 2022 (Qatar),
2019 Copa América (Brazil), and 2018 Summer Youth
Olympics (Argentina). Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id259106590 Adoption of IoT and
implementation of green initiatives would create
growth opportunities for market players in the
near future. Some of the major players operating
in the stadium lighting market are Philips
Lighting (Netherlands), Musco Sports Lighting
(US), Eaton (Ireland), Cree (US), Zumtobel Group
(Austria), Acuity Brands (US), Hubbell (US), LG
Electronics (South Korea), General Electric (US),
and Panasonic (Japan).
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Philips Lighting (Netherlands) ranked first in
the stadium lighting market in 2017. It has a
significant presence in Europe, APAC, and North
America. In January 2018, Philips Lighting signed
an agreement to install its ArenaVision
floodlighting in four South Korean stadiums to be
used for ski, snowboard, hockey, skating, and
short track. In June 2017, the company signed an
agreement to transform the lighting in the
42,500-capacity Ramón Sánchez Pizjuán Stadium,
home to Spanish La Liga club Sevilla FC (Spain).
The company invests heavily in RD to launch
innovative products and technologies. In May
2017, it launched Philips PerfectPlay, the first
integrated, connected LED lighting system
designed for recreational sports fields. This
system enables recreational sports centers to
reduce energy costs, simplify operations, and
maximize revenue potential, while providing
better quality lighting for sportsmen and
women.
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Services segment to hold largest size during
forecast period Installation services is a major
group of services contributing to the overall
growth of the DAS market. The installation
services involve all the players such as DAS
component manufacturers and DAS integrators
across the DAS value chain, which involves DAS
component manufacturers, and DAS integrators,
among others. Request For Sample Pages _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id25689918 The factors contributing to
the growth of installation service include
various installation procedures that must be
considered before laying the DAS network.
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Musco Sports Lighting (US) held the second
position in the stadium lighting market in 2017.
The company has adopted strategies such as
contracts, agreements, and partnerships to grow
in the market. In March 2017, it signed a
contract to install LED lighting system at
Samford Stadium-Hitchcock Field in Plainsman Park
(US) to improve the experience for players and
fans, with enhanced light quality and the virtual
elimination of glare. In November 2016, it
partnered with Siemens (Germany) to install LED
lighting systems at the Mercedes-Benz Superdome
(US) to enhance spectator experience and reduce
energy consumption.
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and entire value chains for deeper understanding
of the unmet insights along with market sizing
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