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Global Stadium Lighting Market: Overview 

Stadium lighting market is anticipated to expand at a substantial pace globally in the coming years. This is due to the increase in the number of both international as well as national sports events. This factor is presumed to be the primary factor for boosting the growth of the stadium lighting market globally. Since stadium lights have high intensity illumination, they are used for both outdoor as well as indoor purposes. With technological advancement, the structure of stadiums have also been upgraded, keeping in mind the cost efficiency and environment friendly procedures. International level games that come back after a particular tenure period brings business not only to the game and players but also to every other business connected with it. Upcoming games like Football Cup 2018, Winter Olympic Games, and PyeongChang 2018 is likely to boost the stadium lighting market. Various countries solely concentrate on sports. 

The global stadium lighting market is expected to see a classification according to geography, installation type, solution set up, offering and light source. On the basis of light source, the market is segmented into induction lights, High Pressure Sodium (HPS), High-Intensity Discharge (HID) and Light Emitting Diode (LED). Based on offering, the market is categorized into services, control systems and lamps and luminaries. On the basis of solution set-up, the market is segmented into retrofit installation and new installation. In terms of geography, the market is segmented into South America, Middle East and Africa, Asia Pacific, Europe, and North America.

The report presented here is a complete evaluation of global stadium lighting market with large focus on market dynamics that includes market drivers, restraints, and trends and opportunities. It also offers geographical and other segmentation studies of the market. 

Global Stadium Lighting Market: Trends and Opportunities 

An important trend in the stadium market is the introduction of energy efficient lighting systems and also high power lighting systems. Upcoming events like the Super Bowl LII 2018, Rugby World Cup 2019 in Japan and other such games bring about the need to provide best lights for the stadiums. These grand events are presumed to attract technology providers to implement advanced stadium lighting solutions.  Broadcast demands are also met with the use of Led lights as they provide improved quality light unlike conventional lightings. 

The Government is also taking initiatives to subsidize smart stadium lighting and this may boost up the stadium lighting sales. There are a few manufacturers in the market, which means that the market is monopolistic. 

Global Stadium Lighting Market: Regional Analysis

The global stadium lighting market could be classified into the regions of South America, Middle East and Africa, Asia Pacific, Europe, North America, and the Rest of the World. The market in the Rest of the word is presumed to grow at a higher CAGR by the end of the forecast period. In the Middle East area, Qatar is about to host the 2022 Fifa World Cup and so the country is likely to offer more growth opportunities in the stadium lighting market. Adding to that, countries like United Arab Emirates, Bahrain, and Saudi Arabia are likely to host major sports events in years to come. Thus, Middle East region is anticipated to be opening new opportunities of growth in the stadium lighting market. 

Global Stadium Lighting Market: Competitive Analysis

Major companies in the global stadium lighting market are Zumtobel Group (Austria), Panasonic Corporation (Japan), LG Electronics (South Korea), Philips Lighting (Netherlands), and Musco Sports Lighting (US). Leading companies are making efforts to extend their presence in different parts of the world in order to give tough competition to the other players. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Stadium Lighting Market

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