About High Bay Lighting
High Bay Lighting is referred to the ceiling lighting intended to be deployed at the ranges of 20-40 feet from the ground or floor. This lights come in varied voltages ranging from 120 V to 480V and above. High Bay Lighting comprises mostly of LED Technology enabled lights, which save up on energy and emit better performance. This makes the high bay lighting an ideal choice for applications in industrial ecosystem such as warehouses, garages, factories, and even in other bigger facilities such as sports facilities. Rapid Industrialisation and Urbanisation has led to the growth of the high bay lighting market. Asia Pacific is expected to emerge as the biggest market of the high bay lighting.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to theHigh Bay Lighting market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for High Bay Lighting market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. 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.
Nichia Corporation (Japan), Koninklijke Philips N.V. (Netherlands), Wipro Enterprises (India), Digital Lumens, Inc. (United States), Acuity Brands, Inc. (United States), Jiao Guang Group (China), Eaton Corporation (Ireland), AGC Lighting Co., Ltd. (China), Lin'an Hengdeli Lighting Electric Co., Ltd. (China) and Zumtobel Group (Austria) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Osram Licht AG (Germany), Ningbo Dongxing Electric Co., Ltd. (China) and Gaman Lighting Technology Co. Ltd. (China).
Segmentation Overview
AMA Research has segmented the market of Global High Bay Lighting market by Type (120-277V, 277-350V, 347-480V and Others), Application (Sport Facilities, Warehouses, Garages, Transportation Lightings and Others) and Region.
On the basis of geography, the market of High Bay Lighting has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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 Distribution Channel, the sub-segment i.e. Direct will boost the High Bay Lighting market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
277-350V Accounts for Significant Market Share
Market Growth Drivers:
Advancement in LED Technology and Rapid Industrialisation and Urbanisation has led to the Growth in Demand for High Bay Lighting
Challenges:
Presence of Large Number of Players in the Market
Restraints:
Emergence of New Industry Disruptive Lighting Technology
Opportunities:
Asia Pacific and Africa Region Presents Highest Opportunities due to Emergence of Large Number of Industrial Facilities
Market Leaders and their expansionary development strategies
In 2021, Linmore LED Labs Inc., a United States based ultra-performance LED lighting solutions provider has announced acquisition of Flex Lighting Solution’s operating assets, products, and intellectual property related to the High Performance Industrial Lighting business. The acquisition will expand the high performance lighting product portfolio of the Linmore along with increasing its customer base.
In 2019, Dialight Plc, a British Electronics manufacturer specialising in LED has announced launch of its new Reliant industrial LED High Bay range. The new set of products will be launched in the APAC, Europe and Africa regions. The newly launched product allows advanced plug and play features and poses an ideal replacement for old HID and fluorescent fixtures.
Key Target Audience
High Bay Lighting Manufacturers, Suppliers and Distributors, Component Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
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.