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It was reported 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 Recessed LED retrofit downlights, led panel light and led T8 tubes sold in retail stores. More and more LED Lighting vendors hope to capitalize on the situation by entering the industrial lighting sector. It is forecasted that 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 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, like commercial led
downlights, led linear panel lights,
led tubes 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.
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.
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