According to a recent market research report recently added to the portfolio of MarketResearchReports.biz, the notable rise in professional sporting activities globally are likely to have a promising impact on the global stadium lighting market in the near future. The report is titled “Stadium Lighting Market – Global Industry Trend Analysis 2013 to 2017 and Forecast 2018–2028.”
With the rising numbers of sporting activities, the market for stadium lightings has also flourished as proper lighting plays a major role in deciding the overall experience for viewers. Moreover, the vast technological advancements in the field of lighting have made the availability of lights of the required form, size, brightness, and form-factor easily available. In the future years, the market will benefit from the above mentioned factors as well as from the fact that governments across the globe are spending splendidly when it comes to maintaining sports arenas.
The increased understanding regarding the use of LED lights as an easy way of bringing down the cost and consumption of energy involved in lighting stadiums is also a key factor driving the market. This scenario is resulting into a vast rise in demand for new LED lighting systems for stadiums that will replace previous, conventional forms of lighting systems that cost dearly in terms of energy consumption as well as the overall expenditure necessary in maintaining stadiums.
The report presents a detailed analysis of the growth prospects of the overall market using effective market measurement tools and expansive market data that has been gathered with the help of primary and secondary research methodologies. The report segments the global stadium lighting market based on criteria such as light source, installation type, solution and services, solution set-up, and geography.
Based on installation type, the market is segmented into retrofit installations and new installations. Based on solution and services, the market is segmented into control systems, services, and lamps and luminaires. Based on the source of light, the market is segmented into HID, LED, and others. On the basis of set-up, the market is examined for indoor and outdoor settings.
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From a geographical standpoint, the market for stadium lightings is segmented into North America, Eastern Europe, Western Europe, Latin America, Southeast Asia and other regions in Asia Pacific, and Middle East and Africa. Of these. The market in Middle East and Africa is presently the most lucrative. Some of the leading companies operating in the global stadium lighting market are Musco Sports Lighting, Techline Sports Lighting, KCL Engineering, Acuity Brands, Zumtobel Group, Panasonic Corporation, Valmont Industries, Inc., Hubbell, Qualite Sports Lighting, Eaton, Philips Lighting, General Electric, LLC, Ventura Electricals Hindustan Limited., AES Lighting Group, Bajaj Electricals Ltd., Cree Inc., LG Electronics, and LEDiL.