Stadium Lighting Market by Light Source (LED, HID, HPS, Induction) Geography - Global Forecast to 2023

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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
be valued at USD 432.0 million in 2018 and is
likely to reach USD 622.2 million by 2023, at a
CAGR of 7.57 between 2018 and 2023. 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.
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Stadium lighting market for LEDs to grow at high
CAGR during forecast period Stadiums are
replacing old lighting systems with LEDs as these
help in lowering energy consumption, as well as
in maintaining costs. LEDs provide better quality
light compared with traditional lightings and
help meet broadcast demands that include a push
to high-definition TV and ultra-slow-motion
technology. These also help in eliminating
shadows and dark spots on playing surfaces and
glares in players eyes. Sample pages of the
Report https//www.marketsandmarkets.com/request
sample.asp?id259106590 Stadium lighting market
for outdoor set-ups to grow at high CAGR during
forecast period High-quality lights are required
in outdoor set-ups for uniformity, visual
comfort, and limiting obtrusive light. These
lights are also required for games in which
players are expected to react quickly to small
but fast-moving balls. Lighting systems installed
in outdoor set-ups are required to withstand a
variety of weather conditions, including winds,
rains, and thunder storms. These systems should
be bright enough to avoid injury-causing shadows
or glares on athletic fields.
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Stadium lighting market in RoW to grow at high
CAGR during forecast period The stadium lighting
market in RoW is expected to grow at the highest
CAGR during the forecast period. In the Middle
East, Qatar is likely to offer growth
opportunities for stadium lighting solution
providers, as the country will host the FIFA
World Cup in 2022. Furthermore, Saudi Arabia,
Bahrain, and the UAE are also showing interest in
hosting major sports events. These events are
expected to attract technology providers for the
deployment of advanced stadium lighting solutions
in the Middle East region. Dubai has developed
high-quality sports venues that are capable of
hosting a wide range of sport activities. Dubai
Sports City's cricket stadium has been recently
installed with 365 floodlights, which are likely
to create ideal playing conditions. Sporting
events such as 2019 Copa América (Brazil) and
2018 Summer Youth Olympics (Argentina) are
expected to contribute to the growth of the
stadium lighting market in South America. 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). Read More _at_ https//www.markets
andmarkets.com/Market-Reports/stadium-lighting-mar
ket-259106590.html
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