High bay lighting is an advance lighting technology that offers effective illumination to indoor commercial or residential spaces. These lights provide specific light patterns that enhance the lighting effects under the roofs, and help improve safety and energy efficiency while enhancing productivity.

Portland, OR -- (SBWire) -- 10/10/2017 --High bay lighting is mostly used with ceiling height 20 inch or more; these lights have a diffuser at the bottom, which spreads the light downward to the floor area.Reduction in prices of LED luminaires and lamps, sensors & controls, and globalization and urbanization drive the market growth.

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However, high cost associated with the lighting impedes the market growth. Irrespective of these challenges, increase in technological advancement is expected to present various opportunities for market expansion.

The global high bay lighting market is segmented based on end user and geography. Based on end user, it is categorized into sport facilities, industries, warehouses, garages, and transportation lightings. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Prominent players profiled in the report include Ichikoh Industries Ltd., Magneti Marelli S.P.A., Osram Licht AG, GE Lighting, Koito Manufacturing Co. Ltd., Stanley Electric Co., Ltd., Hella KGaA Hueck & Co., Koninklijke Philips N.V., Valeo, and Zizala Lichtsysteme GmbH.

Key Benefits

- This report provides an extensive analysis of the current and emerging market trends and dynamics of the global high bay lighting market.

- In-depth analysis is done by constructing market estimations for the key market segments between 2017 and 2023.

- The report provides the quantitative analysis of the current trends and future estimations, which assist to identify the prevailing market opportunities.

- Competitive intelligence of the industry helps to understand the competitive scenario across the geographies.