High-bay lighting must meet the stringent demands of illuminating spaces from afar while minimizing contrast, reducing glare, and in many cases meeting strict safety and hazardous environment requirements. Until very recently, LED technology was not able to meet these requirements, at least not at a reasonable price.
In 2013, however, several high-bay LED products were launched that provide exceptional quality in a price range that allows for acceptable paybacks from energy savings. The high-bay lighting market is set for a rapid shift in lighting technology, similar to the shift toward LED lighting that has already begun in commercial buildings, according to a 2014 report by Navigant Research.
Concurrent with the transition in lamp technology, more high-bay lighting systems are beginning to incorporate sensors, networked communications, and other advanced lighting controls to further reduce energy consumption and improve functionality. The falling prices of LED luminaires and lamps, as well as sensors and controls, are driving their adoption within high-bay applications.
Due to the high wattages and long runtimes of these lights and their attractive payback periods, they are excellent candidates for upgrades. However, average selling prices (ASPs) will continue falling and lamp replacement sales will begin to slow as the installed base of long-life LED lamps grows. Navigant Research forecasts that global sales of high-bay luminaires and lamps will peak at almost $17.0 billion in 2017 and then decline to $15.9 billion in 2021.
This Navigant Research report analyzes the global market for high-bay lighting in the following five building types: warehouse, industrial, gymnasium and indoor sporting facilities, high-bay retail, and transportation. The study provides an analysis of the significant market drivers, trends, and opportunities associated with luminaires, lamps, and networked lighting controls in these high-bay applications. Global market forecasts for unit sales and revenue, segmented by lamp type, building type, and region, extend through 2021. The report also examines the major technology issues and trends related to high-bay lighting and profiles the key industry players in this market.
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