PUBLISHER: Grand View Research | PRODUCT CODE: 1554120
PUBLISHER: Grand View Research | PRODUCT CODE: 1554120
The global stadium lighting market size was estimated at USD 547.25 million in 2023 and projected to grow at a CAGR of 7.61% from 2024 to 2030. The market is experiencing significant growth driven by several key factors. The transition from traditional metal halide lights to energy-efficient LED technology is a major catalyst, as LEDs offer longer lifespans, lower maintenance costs, and enhanced performance, lasting up to 100,000 hours compared to 6,000 hours for metal halide lights.
The increasing emphasis on sustainability and energy efficiency, bolstered by stringent government regulations, is propelling the adoption of LED lighting systems in stadiums worldwide. The surge in sports infrastructure development, particularly in emerging economies, further fuels demand for advanced lighting solutions to meet modern venue standards.
Global Stadium Lighting Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented stadium lighting market report based on control system outlook, application, and region: