Global LED High Bay Lights Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global LED High Bay Lights Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

As a type of LED lighting, LED high bay light is a cutting-edge lighting system that delivers excellent exposure. These lightings produce specific light patterns that recover the lighting effects above the roofs while also refining safety and energy efficiency and are also used to help in increasing efficiency. With a ceiling height of 20 inches or more, LED high bay lighting is commonly employed, these lights comprise a diffuser at the bottom that extends the light descending to the floor area. They are typically mounted on the ceiling and emit light in all directions. LED high bay lights have many advantages over traditional fluorescent or metal halide lighting fixtures. They are more energy efficient, last longer, and produce less heat. This makes them ideal for use in large spaces where safety and efficiency are important factors.

Market Overview:

The latest research study on the global LED High Bay Lights market finds that the global LED High Bay Lights market reached a value of USD 3097.25 million in 2022. It’s expected that the market will achieve USD 4527.43 million by 2028, exhibiting a CAGR of 6.53% during the forecast period.

The distribution channel segment is divided into offline and online, the offline segment is dominating the market currently, and due to emergence of COVID-19, the online market witnessed a significant growth in 2020. The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some LED high bay lights enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business.

The advantages of using LED high bay lights devices

The advantages of using LED high bay lights devices serve as the key drivers for their market development. The energy-saving capability of such devices results in minimizing electricity bills. The energy-deficient nations are going for a demand-side management program to optimize their energy efficiency. Hence, using such lights in commercial and industrial appliances significantly helps achieve demand-side management. Financial benefits such as low operational costs of such devices and short payback periods tend to drive up the demand for such lights.

Increasing demand for energy-efficient lighting solutions

The growth of the market can be attributed to the increasing demand for energy-efficient lighting solutions and rising awareness about the benefits of LED high bay lights over traditional lighting solutions. In addition, government initiatives toward energy conservation are also fueling the growth of this market. The growing popularity of LED technology over traditional lighting solutions. The power of LED warehouse lighting comes with its focus on energy-efficient, superior indoor lighting.

Lack of awareness about the energy

Globally, lack of awareness about the energy, as well as cost, saving potentials of efficient lighting is fairly limited amongst investors, architects, designers, developers, and construction firms. Lighting is frequently seen as a relatively minor problem in construction projects in contrast to other concerns. Hence, the selection of energy-efficient lighting solutions that best respond to the demands of individual buildings/rooms is not always a priority.

Energy savings by operating high bay lights with lighting controls

The unique physical characteristics and operating conditions of industrial, commercial and sports facilities distinguish LED high bay lights from other types of indoor luminaires. Energy efficiency is especially a priority in high bay applications due to the sheer number of luminaires required to cover the expansive space and relatively high wattages typically involved to deliver adequate illuminance from a high mounting height.

Region Overview:

In 2021, the share of the LED High Bay Lights market in North America stood at 34.42%.

Company Overview:

Signify N.V.
Signify N.V. operates as a light manufacturing company. The Company offers lamps, luminaires, and lighting electronics. Signify serves customers worldwide. Signify had launched its new company name, following the amendment of the company’s articles of association changing its name from Philips Lighting N.V. to Signify N.V. in 2018.

Acuity Brands

Acuity Brands, Inc. is the North American market leader and one of the world’s leading providers of lighting and building management solutions. Acuity Brands currently employs approximately 12,000 associates and is headquartered in Atlanta, Georgia with operations throughout North America, and in Europe and Asia. The Company’s products and solutions are sold under various brands.

Signify N.V. is one of the major players operating in the LED High Bay Lights market, holding a share of 7.78% in 2022.

Segmentation Overview:

A Linear LED High Bay light is a linear-structured fixture whose light source is LED. It is designed to illuminate expansive areas where maximum light output is required. This takes modern LED high bay technology and extends it out in length. It’s obviously ideal for warehouse aisle or other long and skinny areas, but it can also be used in the open. Stretching the light out often means fewer fixtures. Linear high bay lights are commonly seen in grocery stores, wholesale retailers, warehouses, and any other wide-open spaces with a lot of aisles or shelving. They provide ideal lighting for conference halls, event centers, and fitness centers, too.

Commonly called UFO high bays because of their saucer-like shape, round LED high bay lights have only one contact point with the ceiling, making them the easiest high bays to install. Round high bay LED lights typically provide a circular light beam angle of about 120 degrees. This fairly large beam spread allows for widespread, but powerful, illumination. These are excellent choices for open areas, like factories, warehouses, sports arenas, grocery and wholesale retailers, and even aircraft hangars.

By type, Round High Bay Lights segment accounted for the largest share of market in 2021.

Application Overview:

The market's largest segment by application is the segmentIndustry, with a market share of 37.38% in 2021.

Key Companies in the global LED High Bay Lights market covered in Chapter 3:

Signify N.V.
Acuity Brands
Zumtobel Group
Ningbo Dongxing Electric
Shenzhen Betop Electronics
NVC Lighting
LED Eco Lights
Current Lighting Solutions
Halco Lighting Technologies
Digital Lumens
RAB Lighting
Ledvance
Litetronics
Opple Lighting
Cree Lighting

In Chapter 4 and Chapter 14.2, on the basis of types, the LED High Bay Lights market from 2018 to 2029 is primarily split into:

Linear High Bay Lights
Round High Bay Lights
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the LED High Bay Lights market from 2018 to 2029 covers:

Sports Facility
Industry
Warehouse
Garages
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)