Stadium lighting is used for enhancing fanatic experiences of stadium and to illuminate the stadium, and to minimize the distraction of the players and watchers in the stadium.
Increasing adoption of stadium lighting in the forthcoming national and international events is expected to fuel growth of the global stadium lighting market. Rising demand for LEDs in order to minimize the operating costs, is estimated to propel growth of the target market.
The global stadium lighting market report has been segmented on the basis of offering, light source, set-up, and region. On the basis of offering, the market is segmented into lamps and luminaires, control systems, and installation services. On the basis of light source, the target market is segmented into LED and others such as high-intensity discharge (HID), high-pressure sodium (HPS), and induction lights. On the basis of set-up, the target market is segmented into indoor and outdoor set-ups.
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On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe accounted for highest share in stadium lighting and will maintain highest contribution in coming years, owing to increasing demand of the product in countries in the region. The market in North America is expected to a significant growth over the forecast period. Market in Asia Pacific is estimated to register moderate growth in next 10 years. Latin America market is to be followed by Middle East & Africa and are expected to register stable growth over the forecast period.
Some major players in the market include Philips Lighting B.V., Musco Sports Lighting, LLC, Eaton Corporation, Cree, Inc., Zumtobel Group AG, Acuity Brands, Inc., Hubbell Inc., LG Electronics, Inc., General Electric, and Panasonic Corporation.