Market Overview:
The global LED low&high bay market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient lighting solutions and the growing awareness about the benefits of LED lighting. The global LED low&high bay market is segmented on the basis of type, application, and region. On the basis of type, it is divided into below 15W, 15W-50W, and above 50W segments. The below 15W segment is projected to grow at a CAGR of 11% during the forecast period while that for above 50 W segment is estimated to grow at a CAGR of 9%. On account of its high efficiency and long life span, LEDs are increasingly being used in commercial applications such as warehouses, factories etc., where high lumen output is required.
Product Definition:
An LED low&high bay is a type of light fixture that uses LEDs to produce light. LED low&high bays are typically used in industrial or commercial settings, such as warehouses, factories, and retail stores.
LED low&high bays have several advantages over traditional lighting fixtures. They are more energy-efficient, which can lead to lower energy costs. They also last longer than traditional lighting fixtures, so they need less frequent replacement.
Below 15W:
LED low & high bay market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth factor for below 15W segment is LED technology and power efficiency. In the recent past, there has been a tremendous shift towards LEDs in various end-use segments such as commercial, residential and industrial lighting applications.
15W-50W:
15W-50W is a diesel fuel additives formulation that is used in the LED low&high bay market. It helps to improve the performance of LEDs by providing better lubrication, heat dissipation and corrosion protection. The product also provides longer lamp life & reduced maintenance costs along with improved reliability & safety.
The 15w-50wr formula has been developed to provide optimum lubrication for high power applications such as LED street lights and automotive headlamps where high temperature.
Application Insights:
The commercial segment dominated the global LED low&high bay market in 2017, accounting for over 60% of the overall revenue share. The growth can be attributed to an increase in demand from various commercial applications such as shopping malls, office buildings and hotels. Furthermore, a significant reduction in price has been leading to increased adoption of these products by commercial establishments.
Household is expected to be the fastest-growing application segment during the forecast period owing to increasing penetration of LED lighting products across residential areas worldwide. Governments are also encouraging consumers towards energy-efficient lighting solutions through tax rebates and subsidies that are payable directly into people¢â‚¬â„¢s bank accounts. This is likely to further drive product demand during the next few years.
The Asia Pacific region is projected register a CAGR exceeding 8% from 2018 to 2030 on account of growing urbanization along with industrial development.
Regional Analysis:
The North American regional market accounted for the largest share in 2017. The growth is attributed to the presence of prominent LED lighting manufacturers, such as Cree, Inc.; Bridgelux; and OSRAM GmbH. Moreover, increasing adoption of energy-efficient lighting solutions by local governments to reduce electricity consumption has contributed to the growth. For instance, in January 2018, Los Angeles Department of Water and Power (LADWP) announced a plan for replacing all streetlights with LEDs by 2025 at a cost exceeding USD X million.
Asia Pacific regional led market in 2017 owing to growing demand from countries like China and India due to rapid urbanization along with rising awareness regarding environmental protection issues coupled with government initiatives pertaining energy conservation measures taken by them such as “Make in India†campaign initiated by Indian Government which will create opportunities for industry players over next few years.
Growth Factors:
- Increasing demand from the commercial and industrial sectors for energy-efficient lighting solutions
- Rapid technological advancements in LED Low&High Bay lighting fixtures
- Growing awareness about the benefits of LED Low&High Bay lights among businesses and consumers
- Rising demand for smart and connected lighting systems
- Stringent government regulations mandating the use of energy-efficient lighting solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Low&High Bay Market Research Report
By Type
Below 15W, 15W-50W, Above 50W
By Application
Household, Commercial
By Companies
Philips Lighting, Osram Licht AG, Cree, Nichia, Rohm, LG Innotek, Seoul Semi, Epistar, Opto Tech, Everlight, Lite-on, Sanan Opto, Changlight, Silan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
202
Number of Tables & Figures
142
Customization Available
Yes, the report can be customized as per your need.
Global LED Low&High Bay Market Report Segments:
The global LED Low&High Bay market is segmented on the basis of:
Types
Below 15W, 15W-50W, Above 50W
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips Lighting
- Osram Licht AG
- Cree
- Nichia
- Rohm
- LG Innotek
- Seoul Semi
- Epistar
- Opto Tech
- Everlight
- Lite-on
- Sanan Opto
- Changlight
- Silan
Highlights of The LED Low&High Bay Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 15W
- 15W-50W
- Above 50W
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Low&High Bay Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED Low&High Bay is a type of LED lighting that uses two different colors of LEDs to create a range of light. This allows for more precise control over the brightness and color of the light.
Some of the major companies in the led low&high bay market are Philips Lighting, Osram Licht AG, Cree, Nichia, Rohm, LG Innotek, Seoul Semi, Epistar, Opto Tech, Everlight, Lite-on, Sanan Opto, Changlight, Silan.
The led low&high bay market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Low&High Bay Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Low&High Bay Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Low&High Bay Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Low&High Bay Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Low&High Bay Market Size & Forecast, 2018-2028
4.5.1 LED Low&High Bay Market Size and Y-o-Y Growth
4.5.2 LED Low&High Bay Market Absolute $ Opportunity
Chapter 5 Global LED Low&High Bay Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LED Low&High Bay Market Size Forecast by Type
5.2.1 Below 15W
5.2.2 15W-50W
5.2.3 Above 50W
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Low&High Bay Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LED Low&High Bay Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Low&High Bay Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Low&High Bay Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LED Low&High Bay Analysis and Forecast
9.1 Introduction
9.2 North America LED Low&High Bay Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LED Low&High Bay Market Size Forecast by Type
9.6.1 Below 15W
9.6.2 15W-50W
9.6.3 Above 50W
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LED Low&High Bay Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LED Low&High Bay Analysis and Forecast
10.1 Introduction
10.2 Europe LED Low&High Bay Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LED Low&High Bay Market Size Forecast by Type
10.6.1 Below 15W
10.6.2 15W-50W
10.6.3 Above 50W
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LED Low&High Bay Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LED Low&High Bay Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Low&High Bay Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LED Low&High Bay Market Size Forecast by Type
11.6.1 Below 15W
11.6.2 15W-50W
11.6.3 Above 50W
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LED Low&High Bay Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LED Low&High Bay Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Low&High Bay Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LED Low&High Bay Market Size Forecast by Type
12.6.1 Below 15W
12.6.2 15W-50W
12.6.3 Above 50W
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LED Low&High Bay Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LED Low&High Bay Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Low&High Bay Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LED Low&High Bay Market Size Forecast by Type
13.6.1 Below 15W
13.6.2 15W-50W
13.6.3 Above 50W
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LED Low&High Bay Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Low&High Bay Market: Competitive Dashboard
14.2 Global LED Low&High Bay Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips Lighting
14.3.2 Osram Licht AG
14.3.3 Cree
14.3.4 Nichia
14.3.5 Rohm
14.3.6 LG Innotek
14.3.7 Seoul Semi
14.3.8 Epistar
14.3.9 Opto Tech
14.3.10 Everlight
14.3.11 Lite-on
14.3.12 Sanan Opto
14.3.13 Changlight
14.3.14 Silan
