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Thursday, January 20, 2022

Global Stadium Lighting Market To Be Driven By Increasing Replacement Of Older Lighting Systems With Advanced LED Lighting Systems In The Forecast Period Of 2021-2026

The new report by Expert Market Research titled, ‘Global Stadium Lighting Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global stadium lighting market, assessing the market based on its segments like lighting source and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 7.51%

The demand for stadium lighting is being boosted by factors such as future domestic and international athletic events, improved stadium experiences for fans utilising LEDs, and cost reductions of LEDs and stadium lifecycle running expenses.

Industry Definition and Major Segments

A stadium light is a broad-based, high-intensity artificial light source. They’re frequently utilised to light up outdoor playgrounds and indoor sporting events in low-light conditions. LED lighting is also commonly utilised as a stage lighting instrument in live performances such as concerts and plays.

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The stadium lighting market can be divided based on lighting source into:

• Others

The global regions for the stadium lighting market include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

Growing environmental concerns and tight government regulations aimed at lowering carbon dioxide emissions have increased the demand for sustainable stadium lighting options. The need for sustainable stadium lighting is expected to grow as a result of initiatives like the Environmental Protection Agency’s Green Power Partnership (EPA). Several vendors offer smart lighting management systems for stadiums that give unique lighting options as well as automatic brightening and dimming light control based on lighting and broadcasting requirements. The emergence of smart lighting control technologies for stadium lighting has been identified as a major market trend for stadium lighting that will positively impact market growth.

Key Market Players

The major players in the market are Musco Sports Lighting LLC, Signify NV, Zumtobel Group AG, Ephesus Lighting, Inc., Cree Inc. (NASDAQ: CREE), and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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