LEDinside Estimates 2015 LED Industrial Lighting Market to Reach US$2.37 B

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LEDinside, a division of TrendForce, reports that industrial lighting has a decisive weight in the entire lighting market. LEDinside has released its latest “1Q15 Silver Member Market Report – Industrial Lighting and High Bay Markets”, which shows an intense level of price competition in the market for LED replacement lighting products, including LED light bulbs and light tubes sold in retail stores. More and more LED lighting vendors hope to capitalize on the situation by entering the industrial lighting sector. Based on LEDinside’s forecast, LED industrial lighting market scale will be worth US$2.366 billion in 2015 and by 2018 the scale will reach US$3.935 billion. 

LEDinside’s Assistant Research Manager Joanne Wu said compared with home lighting products, industrial lighting products operate under much longer period, so switching to the energy-saving LED technology in the latter application is more cost-effective. As a result, LED high and low bay lighting fixtures have become more attractive for industrial lighting users for replacement purposes. Furthermore, LED lighting products have seen additional increases in performance and decreases in price. These improvements, together with industrial lighting products’ high profit margins, have made industrial application the most competitive market for LED package and LED luminaire companies for the 2015-2016 period. 

Industrial lighting market value is likely to reach US$3.935 billion by 2018.

Among different fixture types, LED high/low bay lighting products are the largest in terms of market share. This category is further subdivided into mining and general application (or for uses in warehouses, gyms, and other indoor settings). Thus, LED high/low bay lights are now a major focus in the development of industrial lighting market. Without the need to warm up, LED lights are instantly bright the moment it is switched on and instantly goes dim at switch-off. This advantage, plus LED’s long lifespan, reduce maintenance costs significantly. Therefore, LED is more cost-effective than HID under long and continuous usage. 

It is expected 80W-250W LED high/low bay light products will become mainstream in the market as improvements are made to the LED technology itself and to thermal dissipation. Current 80W-250W LED high/low bay lights have around 10,000lm-30,000lm in terms of luminous flux as well as 275-300lx in terms of illuminance. Pricing strategies for high/low bay lights vary according to products lines and market regions as these products have yet to be standardized. Chinese manufacturers tend to have lower product prices and fewer product lines. Hence, prices in the Chinese market only show minor price fluctuations. 

Leaders in LED industrial lighting include American manufacturers such as GE Lighting, CREE, and Cooper Lighting have performed well in the market, as well as their Japanese counterparts IWASAKI and Toshiba, and Chinese LED manufacturer Ocean’s King Lighting. Among these competitors, CREE has made advances with high-power LEDs that save costs and simplify product designs. GE Lighting by contrast focuses on LED module adoption and thermal dissipation design. Their luminaires can have a life of up to 100,000 hours.

LEDinside 1Q15 Silver Member: Industrial Lighting and High Bay Light Markets

Industrial Lighting and High Bay Market Scale

• Growing Global LED High Bay Light Replacement Market
• 2015-2018 Global Industrial LED Lighting Market Scale
• LED High Bay Light Market Share in Industrial Lighting Sector
• LED High Bay Light Industry’s Porter Five Force Analysis
• Key Drivers in LED High Bay Light Market
• Key Restraints in LED High Bay Light Market
• 1. Luminous Efficacy and Pricing Trends Between LED and HID Lamps
• 2. Payback Period and Cost Analysis Between LED and HID High Bay Lights

High Bay Light Product Requirements

• Industrial Lighting Market- High Bay Lights
• HID High Bay Lights v.s. LED High Bay lights
• High Bay Light Products Requirements:
• Important LED High Bay Light Design Requirement
• Important Designs- Light Source Designs
• Important Design- Light Distribution Design
• Important Designs- Thermal Dissipation Design
• Important Designs- Power Management Design
• LED High Bay Lights Main Application Field
• High Bay Lights Installation Method
• Smart High Bay Lights: Cost-Benefit Analysis

High Bay Specifications and Prices

• Europe LED High Bay Light Specs and Prices
• U.S. LED High Bay Light Specs and Prices
• Japan LED High Bay Light Specs and Prices
• China LED High bay Specs and Prices
• Major Manufacturers’ Pricing Strategy Analysis- 400W Equiv. LED High Bay Light

Major Player Strategies (Each three companies in Europe, USA, Japan, and China. Total 12 lighting manufacturers strategies can be seen from the report)

• Industrial Lighting and High Bay Light Market Strategies
• LEDinside Perspective: Major Manufacturers' LED Bay luminaires Specifications Analysis
• LEDinside Perspective: Major Manufacturers' LED High Bay Light Product Strategy Analysis

Policy and Standard

Europe

• Zhaga LED Engine Interface Specification for COB LEDs and High Bay Light Modules
• Zhaga Certified COBs Applied in LED High Bay Lights
• Zhaga Certified Modules—Philips Lumileds LEDs for High Bay Light Applications
• Zhaga Certified Modules-Osram LEDs for High Bay Light Applications

USA

• DLC Standards and Requirements For High Bay Light Product Applications

China

• Chinese LED Lighting and Related Policy and Standards
• GB/T30413-2013 “Performance Requirements for Recessed LED Luminaires”

Appendix: Lighting Japan 2015 Exhibit Report

LED Chip Technology Trend

• Microrod LED [Osram Seminar]

LED Package Technology Trend

• COB Market Trend
• UV LED Market Trend

LED Lighting Market Trend

• LED Commercial Lighting Market- Tube
• LED Industrial Lighting Market- High Bay Light
• LED Niche Lighting Market- Special Wavelength Prevent Pests and Disease
• Smart Lighting Market- Lighting Communication Protocol

LEDinside Market Intelligence and Consulting Service

Contact Us

If you would like to know more details , please contact:

Joanne Wu    +886-2-7702-6888 ext. 972  joannewu@trendforce.com