Published on : Apr 02, 2018
Albany, New York, April 2, 2018: Lights play an important role in any kind of event whether small or big. Due to the rising number of music events, stage shows, live in concerts, the demand for programmable stage lighting has increased significantly over the last two decade. Also, the augmenting demand for smart wireless lighting controls is also expected to contribute positively to the growth of programmable stage lighting market in the coming years. These findings have been briefly explained in a new study, which has been broadcasted to the massive repository of Market Research Hub (MRH). The research study is titled as “Programmable Stage Lighting Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026”, which analyses the historical trends in this market and offers a detailed forecast for the period 2018-2026.
This 221-pages intelligent study aims to provide a clear overview of the market by highlighting key drivers, trends and factors associated with the market and helping in market expansion throughout the given forecast tenure. For a clear understanding, the report majorly focuses on some of the prime regions including the Middle East and Africa (MEA), Europe, Asia Pacific, North America, and Latin America. For each regional segment, the market size for future years has been analyzed which is based on revenue and market development between 2017 and 2026.
Major Findings from the Study
According to the report estimations, the global programmable stage lighting market is expected to be worth US$2.29 bn by the end of 2026 from US$1.19 bn in 2016. During the forecast period of 2018 and 2025, the global market is estimated to rise at a solid CAGR of 7.0%.
There are various factors contributing towards the evaluated growth include the need for more versatile lighting solutions, technological advancements, increased usage of LED stage lighting, need for quality as well as reliability of lighting solutions, increase in the number of stage shows. In terms of geography, it has been analyzed that due to the presence of various established players, North America market is anticipated to remain as the most promising region in this market.
Moreover, the market has been analyzed on the basis of programmable stage lightings prime segments such as light type, technology, product type, application and region. Based on technology type, the programmable stage lighting market is further categorized into Wi-Fi, Bluetooth and others. On the basis of product type, the market is segmented into moving head lights, strip lights, PAR can lights and others. Out of these, strip lights have appeared as the most favored product in this market.
The final section of the study presents an exhaustive analysis focusing on the prime players operating in the global Programmable Stage Lighting market are: ROBE lighting s. r. o., Altman Lighting Co., PR LIGHTING LTD., Martin Professional, Guangzhou Yajiang Photoelectric Equipment CO., Ltd, Clay Paky S.p.A., Chauvet & Sons, Inc, Guangzhou GTD Lighting Technology Co., Ltd, General Electric Co., ADJ Products, LLC., Brand Lighting and Robert Juliat among others.
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