The Grow Lights Market is expected to be around US$ 4.9 Billion by 2027 at a CAGR of 32.2% in the given forecast period.
A growing light or lamp is an electrical light that acts as an artificial supply of sunshine to boost plant growth. Rising lights accomplish this by producing an electromagnetic wave within the actinic radiation range that simulates daylight for chemical action. Increasing lightweights or lamps square measure useful for an exciting development in indoor gardens wherever daylight is insufficient or no natural light. It is best to concentration the light emitted by LEDs so that none is dispersed or lost between the bulb and the plant canopy. Raise light technology helps in extending the hours of the natural daylight which further growths the health, growth rate and yield of the plants. Artificial lighting, such as LED lighting, high-pressure sodium lighting and plasma lighting can extend the accessibility of crops. Increasing alertness regarding the importance of alternative farming, owing to the less accessibility of fertile agricultural land and growing population, are the key factors anticipated to spur the industry demand.
The global Grow Lights Market is segregated on the basis of Application Outlook as Indoor Farming, Vertical Farming, Commercial Greenhouse, and Others. Based on Product Outlook the global Grow Lights Market is segmented in < 300 Watt and > 300 Watt. Based on System Outlook the global Grow Lights Market is segmented in Hardware and Software.
Based on Technology Outlook, the global Grow Lights Market is segmented in High Intensity Discharge (HID), LED, Fluorescent, and Plasma. The report also bifurcates the global Grow Lights Market based on Installation Outlook in New Installation and Retrofit. The report also bifurcates the global GROW LIGHTS the global Spectrum Outlook market is segmented in Partial Spectrum and Full Spectrum.
The global Grow Lights Market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Grow Lights Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Rivalry
Signify, Savant Systems Inc., Heliospectra AB, OSRAM Licht AG, Illumitex Inc., LumiGrow Inc., Everlight Electronics Co. Ltd, Iwasaki Electric Co. Ltd, Hydro Grow, Epistar Corporation, and others are among the major players in the global Grow Lights Market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.
The Grow Lights Market has been segmented as below:
Grow Lights Market, By Application Outlook
Grow Lights Market, By Product Outlook
Grow Lights Market, By System Outlook
Grow Lights Market, By Technology Outlook
Grow Lights Market, By Installation Outlook
Grow Lights Market, By Spectrum Outlook
Grow Lights Market, By Region
Grow Lights Market, By Company
The report covers:
Report Scope:
The global Grow Lights Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Grow Lights Market share. Major industry players with significant revenue share include Signify, Savant Systems Inc., Heliospectra AB, OSRAM Licht AG, Illumitex Inc., LumiGrow Inc., Everlight Electronics Co. Ltd, Iwasaki Electric Co. Ltd, Hydro Grow, Epistar Corporation, and others.
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1. Introduction
1.1. Key Points
1.2. Report Description
1.3. Markets Covered
1.4. Stakeholders
2. Research Methodology
2.1. Research Scope
2.2. Research Methodology
2.2.1. Market Research Process
2.2.2. Research Methodology
2.2.2.1. Secondary Research
2.2.2.2. Primary Research
2.2.2.3. Models for Estimation
2.3. Market Size Estimation
2.3.1. Bottom-Up Approach
2.3.2. Top-Down Approach
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
5. Grow Lights Market, By Application Outlook
5.1. Key Points
5.2. Indoor Farming
5.3. Vertical Farming
5.4. Commercial Greenhouse
5.5. Others
6. Grow Lights Market, By Product Outlook
6.1. Key Points
6.2. < 300 Watt
6.3. > 300 Watt
7. Grow Lights Market, By System Outlook
7.1. Key Points
7.2. Hardware
7.3. Software
8. Grow Lights Market, By Technology Outlook
8.1. Key Points
8.2. High Intensity Discharge (HID)
8.3. LED
8.4. Fluorescent
8.5. Plasma
9. Grow Lights Market, By Installation Outlook
9.1. Key Points
9.2. New Installation
9.3. Retrofit
10. Grow Lights Market, By Spectrum Outlook
10.1. Key Points
10.2. Partial Spectrum
10.3. Full Spectrum
11. Competitive Landscape
11.1. Introduction
11.2. Recent Developments
11.2.1. Mergers & Acquisitions
11.2.2. New Product Developments
11.2.3. Portfolio/Production Capacity Expansions
11.2.4. Joint Ventures, Collaborations, Partnerships & Agreements
11.2.5. Others
12. Company Profiles
12.1 Signify
12.1.1 Company Overview
12.1.2 Product/Service Landscape
12.1.3 Financial Overview
12.1.4 Recent Developments
12.2 Savant Systems Inc.
12.2.1 Company Overview
12.2.2 Product/Service Landscape
12.2.3 Financial Overview
12.2.4 Recent Developments
12.3 Heliospectra AB
12.3.1 Company Overview
12.3.2 Product/Service Landscape
12.3.3 Financial Overview
12.3.4 Recent Developments
12.4 OSRAM Licht AG
12.4.1 Company Overview
12.4.2 Product/Service Landscape
12.4.3 Financial Overview
12.4.4 Recent Developments
12.5 Illumitex Inc.
12.5.1 Company Overview
12.5.2 Product/Service Landscape
12.5.3 Financial Overview
12.5.4 Recent Developments
12.6 LumiGrow Inc.
12.6.1 Company Overview
12.6.2 Product/Service Landscape
12.6.3 Financial Overview
12.6.4 Recent Developments
12.7 Everlight Electronics Co. Ltd
12.7.1 Company Overview
12.7.2 Product/Service Landscape
12.7.3 Financial Overview
12.7.4 Recent Developments
12.8 Iwasaki Electric Co. Ltd
12.8.1 Company Overview
12.8.2 Product/Service Landscape
12.9.3 Financial Overview
12.8.4 Recent Developments
12.9 Hydro Grow
12.9.1 Company Overview
12.9.2 Product/Service Landscape
12.9.3 Financial Overview
12.9.4 Recent Developments
12.10 Epistar Corporation
12.10.1 Company Overview
12.10.2 Product/Service Landscape
12.10.3 Financial Overview
12.10.4 Recent Developments
The Grow Lights Market has been segmented as below:
Grow Lights Market, By Application Outlook
Grow Lights Market, By Product Outlook
Grow Lights Market, By System Outlook
Grow Lights Market, By Technology Outlook
Grow Lights Market, By Installation Outlook
Grow Lights Market, By Spectrum Outlook
Grow Lights Market, By Region
Grow Lights Market, By Company
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