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Attractive Growth Opportunities in Stadium Lighting Market

The stadium lighting market is expected to be valued at USD 432.0 million in 2018 and is likely to reach USD 622.2 million by 2023, at a CAGR of 7.57% between 2018 and 2023

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Attractive Growth Opportunities in Stadium Lighting Market

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  1. MarketsandMarkets Presents Stadium Lighting Market by Light Source (LED, HID, HPS, Induction), Offering (Lamps & Luminaires, Control Systems, Services), Solution Set-Up (Indoor, Outdoor), Installation Type (New, Retrofit), and Geography - Global Forecast to 2023 The stadium lighting market is expected to reach USD 622.2 million by 2023 from USD 432.0 million in 2018, at a CAGR of 7.57% during the forecast period.

  2. MarketsandMarkets Presents Factors such as upcoming national and international sports events, enhanced stadium experiences of fans using LEDs, and reducing costs of LEDs and lifecycle operating costs of stadiums are boosting the demand for stadium lightings. The stadium lighting market in RoW is expected to grow at the highest CAGR during the forecast period owing to the upcoming sport events such as FIFA World Cup in 2022 (Qatar), 2019 Copa América (Brazil), and 2018 Summer Youth Olympics (Argentina). Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=259106590 Adoption of IoT and implementation of green initiatives would create growth opportunities for market players in the near future. Some of the major players operating in the stadium lighting market are Philips Lighting (Netherlands), Musco Sports Lighting (US), Eaton (Ireland), Cree (US), Zumtobel Group (Austria), Acuity Brands (US), Hubbell (US), LG Electronics (South Korea), General Electric (US), and Panasonic (Japan).

  3. MarketsandMarkets Presents Philips Lighting (Netherlands) ranked first in the stadium lighting market in 2017. It has a significant presence in Europe, APAC, and North America. In January 2018, Philips Lighting signed an agreement to install its ArenaVision floodlighting in four South Korean stadiums to be used for ski, snowboard, hockey, skating, and short track. In June 2017, the company signed an agreement to transform the lighting in the 42,500-capacity Ramón Sánchez Pizjuán Stadium, home to Spanish La Liga club Sevilla FC (Spain). The company invests heavily in R&D to launch innovative products and technologies. In May 2017, it launched Philips PerfectPlay, the first integrated, connected LED lighting system designed for recreational sports fields. This system enables recreational sports centers to reduce energy costs, simplify operations, and maximize revenue potential, while providing better quality lighting for sportsmen and women.

  4. MarketsandMarkets Presents Services segment to hold largest size during forecast period Installation services is a major group of services contributing to the overall growth of the DAS market. The installation services involve all the players such as DAS component manufacturers and DAS integrators across the DAS value chain, which involves DAS component manufacturers, and DAS integrators, among others. Request For Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=25689918 The factors contributing to the growth of installation service include various installation procedures that must be considered before laying the DAS network.

  5. MarketsandMarkets Presents Musco Sports Lighting (US) held the second position in the stadium lighting market in 2017. The company has adopted strategies such as contracts, agreements, and partnerships to grow in the market. In March 2017, it signed a contract to install LED lighting system at Samford Stadium-Hitchcock Field in Plainsman Park (US) to improve the experience for players and fans, with enhanced light quality and the virtual elimination of glare. In November 2016, it partnered with Siemens (Germany) to install LED lighting systems at the Mercedes-Benz Superdome (US) to enhance spectator experience and reduce energy consumption.

  6. MarketsandMarkets Presents About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

  7. MarketsandMarkets Presents MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 

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