Press release content from Business Wire. The AP news staff was not involved in its creation. Outlook on the Stadium Lighting Global Market to 2028 - Major Drivers and Restraints - ResearchAndMarkets.com January 11, 2021 GMT DUBLIN--(BUSINESS WIRE)--Jan 11, 2021-- ADVERTISEMENT The stadium lighting market was valued at US$ 465.7 Mn in 2017 and expected to be growing at a compounded annual growth rate (CAGR) of 8.1% from 2020 to 2028. One of the most prominent factors complimenting market growth can be attributed to the replacement of traditional stadium lights with LED lights. Considering the fact that LED lights are more energy-efficient, has resulted in its increased adoption across stadiums around the world. Moreover, the declining cost of LED lights is another prominent factor leading to its increasing adoption in stadiums, thereby influencing the stadium lighting market growth positively. Moreover, LED lights don’t necessarily flicker as a result of which viewers are not distracted by flashing while watching slow-motion replays.