Stadium Lighting Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The stadium lightings are used for illuminating outdoor or indoor playfields or arena during the night time or low-light conditions. Stadium lightings also enhance the presentation of the live performances besides creating an improved experience for the audience as well as the performers. These lights are also necessary for the proper broadcast of the sports. The lights used for this purposes are generally metal halides and light emitting diodes (LEDs), the latter being increasingly adopted due to ample of benefits such as enhanced controllability, energy saving and minimal maintenance.

MARKET SCOPE

The "Global Stadium Lighting Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the stadium lighting market with detailed market segmentation by components, light type, installation type, solution set-up, and geography. The report provides key statistics on the market status of the leading stadium lighting market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on components, the global stadium lighting market is segmented into lamps and luminaires, control systems, and installation services .
  
•   On the basis of light type, the market is segmented into LED and others.
  
•   Based on installation type, the market is segmented into new and retrofit.
  
•   Based on application, the market is segmented into indoor and outdoor.
  

MARKET DYNAMICS

Drivers:

•   The stadium lighting market is anticipated to grow in the forecast period owing to driving factors such as widespread acceptance of the LED technology due to increased life span and enhanced spectators' experience.
  
•   A rapid increase in audience in national and international sports events is very likely to boost the growth of the stadium lighting market.
  
•   Growing trend of connected lighting systems and smart solutions is prevailing in the stadium lighting market.
  

Restraints:

•   Lack of standardization and high costs of equipment may hinder the market growth.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The stadium lighting market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the stadium lighting market in these regions.

IMPACT OF COVID-19 ON STADIUM LIGHTING MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the stadium lighting market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from stadium lighting market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the stadium lighting market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Acuity Brands Lighting, Inc.
  
•   Eaton Corporation
  
•   General Electric Company
  
•   Hubbell Incorporated
  
•   Ideal Industries Inc.
  
•   LG Electronics
  
•   Musco Sports Lighting, LLC.
  
•   Panasonic Corporation
  
•   Signify Holding
  
•   Zumtobel Group AG
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Stadium Lighting Report Scope