by Brianna Crandall — April 30, 2014—Until recently, light-emitting diode (LED) technology was not able to meet the requirements of high-bay lighting, which must illuminate spaces from afar while minimizing contrast, reducing glare, and meeting strict safety standards, notes a new report from market research and consulting firm Navigant Research. In 2013, however, several promising high-bay LED products were launched, and the high-bay lighting market is set for a rapid shift. According to the High-Bay Lighting report, worldwide sales of luminaires and lamps for high-bay lighting applications will grow from 8.3 billion annually in 2014 to 54.7 million by 2021.
“Within the next three years, falling prices and rising efficacy for LED technology will begin to generate savings that offer payback periods of less than two years,” says Jesse Foote, senior research analyst with Navigant Research. “That will create a tipping point for the large-scale adoption of LED lighting within high-bay applications.”
At the same time, falling prices for lighting sensors and lighting controls will drive the adoption of networked lighting control systems, according to the report. As the marginal cost of such systems shrinks, many high-bay lighting installations are expected to begin incorporating these sensors and controls almost by default. It is anticipated that facilities managers and owners will increasingly expect and demand such systems.
The report, High-Bay Lighting: Energy Efficient Lighting and Lighting Controls for Warehouse, Industrial, Sporting, Retail, and Transportation Facilities, 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. It provides an analysis of the significant market drivers, trends, and opportunities associated with luminaires, lamps, and networked lighting controls in these high-bay applications.
The report’s 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. An Executive Summary of the report is available for free download on the Navigant Research Web site.
