About High Bay Lights
High bay lights are designed to be used in large spaces with ample vertical and horizontal space, like warehouses, gymnasiums, manufacturing facilities and commercial spaces. That usually means ceilings ranging from 20 feet to 45 feet. High bay lights have a wattage of 150 watts or greater, with a beam angle of ninety degrees or narrower. High bay lights can be hung from the ceiling using chains, hooks, and pendants. High-bay lighting provides clear, uniform lighting of what’s below it with little glare. Numerous types of fixtures can be used as high-bay lights like LED lights, induction lights, metal halide lights, and fluorescent lights.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.45% |
Global High Bay Lights is a fragmented market due to the presence of various players. The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, achieving high print and digital standards, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. Analyst at AMA Research estimates that Chinese and United States Players will contribute the maximum growth to Global High Bay Lights market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Golden State Led (United States), SaleroLED (United States), ATG Electronics (United States), Eastar Products Limited (China), PHILIPS (Netherlands), GS LIGHT (China), M-Elec (Australia), GE Current (United States), Brilliant Lighting Limited (United Kingdom) and Razorlux Technology Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Technical Consumer Products, Inc. (United States), JUJIA Lighting Company (China), Shenzhen Mecree Photoelectric Technology (China), Ichikoh Industries Ltd., Magneti Marelli S.P.A. and Zizala Lichtsysteme GmbH.
Segmentation Overview
AMA Research has segmented the market of Global High Bay Lights market by Type (Linear High Bay Lights and Round High Bay Lights), Application (Warehouses, Industrial facilities, Manufacturing facilities, School and university gymnasiums, Municipal facilities {Community centers or recreation centers}, Commercial {Department stores and Others} and Others) and Region.
On the basis of geography, the market of High Bay Lights has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Fixture Type, the sub-segment i.e. LED lights will boost the High Bay Lights market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The LED High Bay Lighting is Gaining Popularity owing to the Energy Savings and Low Maintenance Cost
Market Growth Drivers:
The Rising Energy Prices and the Importance of Optimizing Energy Efficiency and The Growing Demand for High Bay Lights from Industrial and Manufacturing Industries
Challenges:
Concerns with the Poor Overall Lighting Performance
Restraints:
The High Cost Coupled with High Maintenance of the High Bay Lights
Opportunities:
The Growth Opportunities from Emerging Economies
Market Leaders and their expansionary development strategies
On 21st October 2021, Dialight launched the world's most efficient commercially available heavy industrial rated lighting fixture, the Ultra-Efficient Vigilant® LED High Bay. The newest addition to Dialight's best-selling High Bay portfolio, this fixture is the ultimate solution for sustainable lighting for industrial environments, offering a faster return on investment up to a full year sooner than previous Dialight High Bay models.
On 21 May 2019, EarthTronics, dedicated to developing innovative energy-efficient lighting products that provide a positive economic and environmental impact, introduced its new high-efficient, IP69K-rated and NSF-certified LED Wash Down High Bay for use in food processing and other clean room applications where washdown and product safety is important.
Key Target Audience
High Bay Lights Manufacturers, High Bay Lights Raw Material Suppliers, High Bay Lights Traders/Distributors, High Bay Lights Importer/Exporter, Technology Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.