Press release
India Stadium Lighting Market (2022-2028) | Size, Trends, Growth, Revenue & 6Wresearch
India stadium lighting market growth is anticipated to witness its significance during the forecast period, on the back of government initiatives such as Khelo India, Fit India, Smart City, awards and appreciation to athletes delivering excellence in varied sporting events and others. The initiatives are aimed to promote sports across India and boost sporting infrastructure to achieve excellence in Olympic, and other major sports events. Such initiatives are aiding construction of stadiums and arenas across India which would directly provide impetus for growth to the India stadium lighting market during the forecast period. In 2020, the outburst of coronavirus adversely affected the growth of the India stadium lighting market and the demand for stadium light plunged owing to government imposed nation-wide lockdown in addition to disruption in supply chain that led to the halt in operations of manufacturing industries. Moreover, inventory management and unavailability of skilled workers during the period further restricted growth of the market.
According to 6Wresearch, India Stadium Lighting Market size is projected to grow at CAGR of 8.0% during 2022-2028. Attributed to upcoming sports tournaments in India along with a significantly growing televised market of live sports for instance IPL media rights were sold for INR 16,347 crore for the period (2018-2022) and is expected to garner INR 50,000 crore for the period (2023-2027), as a result the infrastructure funding for stadiums is expected to augment during the forecast period. Stadium lighting being an important aspect for live sports telecasting is expected to be driven on the back of cash inflow into the development of sports infrastructure in India.
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Market by Regions Type Analysis
The western region has a significant share of the India stadium lighting market, closely followed by the northern region, owning to stadiums built in the region such as Narendra Modi stadium in Gujarat, the International Cricket Stadium in Jaipur, and other similar projects. Furthermore, Adani university, transstadial University and other upcoming universities in the region are important cogs for stadium lighting market.
Key Highlights of the Report
India Stadium Lighting Market Overview
India Stadium Lighting Market Outlook
India Stadium Lighting Market Forecast
Porter's Five Force Analysis
Market Drivers and Restraints
Competitive Benchmarking
Company Profiles
Key Strategic Recommendations
India Stadium Lighting Market Share, By Light Source
India Stadium Lighting Market Share, By Offerings
India Stadium Lighting Market - Impact Analysis of COVID-19
India Stadium Lighting Market Share, By Set Up Type
Market Opportunity Assessment
India Stadium Lighting Market Dynamics
India Stadium Lighting Market Industry Life Cycle
India Stadium Lighting Market Revenue for the Period 2018-2028F
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