Global Stadium Lighting Market is valued USD 369.1 million in 2016 is anticipated to grow USD 717.2 million with the compounded annual growth of 7.66% over the forecast period 2018-2025.
New York 24 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Stadium Lighting market industry is poised to raise USD 717.2 million by 2025. The major factors expected to augment the market are upcoming national & international sports events, lessening costs of LEDs & life-cycle operating costs of stadiums and improved stadium experiences of fans using LEDs. Stadium Lighting are the lighting used in stadiums including floodlights and aid in low light conditions occurring in various events or games held in the stadium.
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Global Stadium Lighting Market Size Study By Light Source (LED, HPS, HID, Induction Lights, and Others), By Offering (Lamps & Luminaires, Services, and Control Systems), By Solution Set-Up (Outdoor, and Indoor), By Installation (Retrofit, and New), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025
The industry is seeming to be fairly competitive. Some of the leading market players include Zumtobel Group, Philips Lighting, General Electric, Musco Sports Lighting, Panasonic, Eaton, LG Electronics, Cree, Acuity Brands, Hubbell, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Europe region accounted for the leading market share, more than XX % of the total market in 2016.
- The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025
Bizwit Research & Consulting LLP has considered following segments for the study:
By Light Source:
- Light Emitting Diode (LED)
- High Pressure Sodium (HPS)
- High-Intensity Discharge (HID)
- Induction Lights
- Lamps & Luminaires
- Control Systems
By Solution Set-Up:
- North America
- Asia Pacific
- Latin America
- Rest of the World