Grow Light Market - Global Industry Analysis

Grow Light Market Spectrum (Full Spectrum and Partial Spectrum), Technology (Fluorescent Lighting, High-Intensity Discharge, Led, and Others), Installation (New Installation and Retrofit) Application (Indoor Farming, Turf and Landscaping, Vertical Farming, Commercial Greenhouse, Research, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 16-Sep-2020 Category: Semiconductor & Electronics Report Format : PDF Pages: 110 Report Code: ZMR-1549 Status : Published

According to the report published by Zion Market Research, global demand Grow Light market was valued at approximately USD 3.65 Billion in 2019, and is expected to generate revenue of around USD 9.20 Billion by end of 2026, growing at a CAGR of around 14.1% between 2020 and 2026.

Description

According to the report published by Zion Market Research, global demand Grow Light market was valued at approximately USD 3.65 Billion in 2019, and is expected to generate revenue of around USD 9.20 Billion by end of 2026, growing at a CAGR of around 14.1% between 2020 and 2026.

Global Grow Light Market: Overview

In order to stimulate and power the growth of plants and seeds a specially designed artificial source of light is used which is known as grow light. They are also popularly known as plant lights; grow lights are used in conditions where naturally occurring light is not available or in cases where the artificial sources of light are required to augment the sunlight. Grow lights are widely used in vertical farms, commercial greenhouses, and in horticulture, applications to increase and improve the yield. Some of the major types of grow lights are high-intensity discharge grow lights, fluorescent grow lights, and light-emitting diode grows lights.

Global Grow Light Market: Segmentation

The global grows light market is segmented into spectrum, technology, installation, application, and regions. On the basis of the spectrum, the market is segregated into a full spectrum and partial spectrum. Based on the technology, the market is categorized into fluorescent lighting, high-intensity discharge, LED, and others. On the basis of installation, the market is bifurcated into new installation and retrofit. Depending on the application, the market is divided into indoor farming, turf and landscaping, vertical farming, commercial greenhouse, research, and others. Region-wise, the global grows light market is diversified into Asia Pacific, North America, South America, Europe, and the Middle East and Africa.

Global Grow Light Market: Growth Factors

The increase in the indoor farming methods and the increasing popularity of the commercial greenhouses in order to cultivate plants are the major factors that are propelling the growth of the grow light market. Supporting government regulations and the rigorous initiatives that are adopted for the adoption of solid-state lighting technologies across various regions have triggered the growth of the market. The increasing automation adoption by the commercial greenhouses has helped the farmers to maximize their yield using the grow lights technology, thereby augmenting their implementation in the agricultural practices. Several efforts by the manufacturers to increase the rate of time-to-market for efficient energy grow lights and the introduction of custom-made products with precise wavelength and intensity expects opening up beneficial avenues in the market. Vertical farming methods are gaining popularity in different developed countries, thus accelerating the demand of the grow light market.

Global Grow Light Market: Regional Analysis

The Middle East and South American regions are well-known markets for the grow lights. These regional markets are driven by the factors such as rising adoption of the indoor farming methods. Continuous advancement in the technologies of urban farming and the increasing popularity of the hydroponics among the farmers are main factors that are fuelling the demand for grow lights in the developed Asia-Pacific and North American regions. At the current scenario, the impending food crisis in some regions, mainly in parts of Southern Africa expects to stimulate the demand for CEA practices and vertical farming, thus triggering the adoption of grow lights in these regions.

Global Grow Light Market: Competitive Players

Some of the key market players that are involved in the grow light market include General Electric Company, LumiGrow, Inc., Heliospectra Ab., Hortilux SchrEder B.V., Gavita Holland B.V., Osram Licht AG, Royal Philips Electronics, Iwasaki Electric Co., Ltd., and Sunlight Supply Inc.

Global Grow Light Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

Table Of Content

  • Chapter 1 Preface
    • 1.1 Report Description
  • 1.1 Report Scope
  • Chapter 2 Research Methodology
    • 2.1 Research Methodology
  • 2.2 Secondary Research
  • 2.3 Primary Research
  • 2.4 Models
    • 2.4.1 Company Share Analysis Model
    • 2.4.2 Revenue Based Modeling
  • 2.5 Research Limitations
  • Chapter 3 Executive Summary
    • 3.1 Global Grow Light Market, 2016 – 2026 (USD Billion)
  • 3.2 Global Grow Light Market: Snapshot
  • Chapter 4 Grow Light Market – Industry Analysis
    • 4.1 Introduction
  • 4.2 Market Drivers
    • 4.2.1 Driving Factor 1 Analysis
    • 4.2.2 Driving Factor 2 Analysis:
  • 4.3 Market Restraints
    • 4.3.1 Restraining Factor Analysis
  • 4.4 Market Opportunities
    • 4.4.1 Market Opportunity & Use-case Anaysis
    • 4.4.2 Use – Cases for Grow Light
  • 4.5 Porter’s Five Forces Analysis
  • 4.6 COVID 19 Impact Analysis
    • 4.6.1.1 Impact on Product Development and Technology Adoption
    • 4.6.1.2 Gap Analysis
  • Chapter 5 Investment Proposition Analysis
    • 5.1 Global Grow Light Market Attractiveness, By Spectrum
  • 5.2 Global Grow Light Market Attractiveness, By Technology
  • 5.3 Global Grow Light Market Attractiveness, By Installation
  • 5.4 Global Grow Light Market Attractiveness, By Application
  • 5.5 Global Grow Light Market Attractiveness, By Region
  • Chapter 6 Competitive Landscape
    • 6.1 Company Market Share Analysis - 2019
    • 6.1.1 Global Grow Light Market: Company Market Share, 2019
  • 6.2 Strategic Developments
  • Chapter 7 Grow Light Market – Spectrum Segment Analysis
    • 7.1 Global Grow Light Market Overview: by Spectrum
    • 7.1.1 Global Grow Light Market Revenue Share, by Spectrum, 2019 & 2026
  • 7.2 Global Grow Light Market Analysis/Overview – By Spectrum
    • 7.2.1 Full Spectrum – Overview/Analysis
    • 7.2.2 Partial Spectrum – Overview/Analysis
  • 7.3 Full Spectrum
    • 7.3.1 Global Grow Light Market for Full Spectrum, Revenue (USD Billion) 2016 - 2026
  • 7.4 Partial Spectrum
    • 7.4.1 Global Grow Light Market for Partial Spectrum, Revenue (USD Billion) 2016 - 2026
  • Chapter 8 Grow Light Market – Technology Segment Analysis
    • 8.1 Global Grow Light Market Overview: by Technology
    • 8.1.1 Global Grow Light Market Revenue Share, by Technology, 2019 & 2026
  • 8.2 Global Grow Light Market Analysis/Overview – By Technology
    • 8.2.1 Fluorescent Lighting – Overview/Analysis
    • 8.2.2 High-Intensity Discharge – Overview/Analysis
    • 8.2.3 Led – Overview/Analysis
    • 8.2.4 Others – Overview/Analysis
  • 8.3 Fluorescent Lighting
    • 8.3.1 Global Grow Light Market for Fluorescent Lighting, Revenue (USD Billion) 2016 - 2026
  • 8.4 High-Intensity Discharge
    • 8.4.1 Global Grow Light Market for High-Intensity Discharge, Revenue (USD Billion) 2016 - 2026
  • 8.5 Led
    • 8.5.1 Global Grow Light Market for Led, Revenue (USD Billion) 2016 - 2026
  • 8.6 Others
    • 8.6.1 Global Grow Light Market for Others, Revenue (USD Billion) 2016 - 2026
  • Chapter 9 Grow Light Market – Installation Segment Analysis
    • 9.1 Global Grow Light Market Overview: by Installation
    • 9.1.1 Global Grow Light Market Revenue Share, by Installation, 2019 & 2026
  • 9.2 Global Grow Light Market Analysis/Overview – By Installation
    • 9.2.1 New Installation – Overview/Analysis
    • 9.2.2 Retrofit – Overview/Analysis
  • 9.3 New Installation
    • 9.3.1 Global Grow Light Market for New Installation, Revenue (USD Billion) 2016 - 2026
  • 9.4 Retrofit
    • 9.4.1 Global Grow Light Market for Retrofit, Revenue (USD Billion) 2016 - 2026
  • Chapter 10 Grow Light Market – Application Segment Analysis
    • 10.1 Global Grow Light Market Overview: by Application
    • 10.1.1 Global Grow Light Market Revenue Share, by Application, 2019 & 2026
  • 10.2 Global Grow Light Market Analysis/Overview – By Application
    • 10.2.1 Indoor Farming – Overview/Analysis
    • 10.2.2 Turf and Landscaping – Overview/Analysis
    • 10.2.3 Vertical Farming – Overview/Analysis
    • 10.2.4 Commercial Greenhouse – Overview/Analysis
    • 10.2.5 Research – Overview/Analysis
    • 10.2.6 Others – Overview/Analysis
  • 10.3 Indoor Farming
    • 10.3.1 Global Grow Light Market for Indoor Farming, Revenue (USD Billion) 2016 - 2026
  • 10.4 Turf and Landscaping
    • 10.4.1 Global Grow Light Market for Turf and Landscaping, Revenue (USD Billion) 2016 - 2026
  • 10.5 Vertical Farming
    • 10.5.1 Global Grow Light Market for Vertical Farming, Revenue (USD Billion) 2016 - 2026
  • 10.6 Commercial Greenhouse
    • 10.6.1 Global Grow Light Market for Commercial Greenhouse, Revenue (USD Billion) 2016 - 2026
  • 10.7 Research
    • 10.7.1 Global Grow Light Market for Research, Revenue (USD Billion) 2016 - 2026
  • 10.8 Others
    • 10.8.1 Global Grow Light Market for Others, Revenue (USD Billion) 2016 - 2026
  • Chapter 11 Grow Light Market – Regional Analysis
    • 11.1 Global Grow Light Market: Regional Overview
    • 11.1.1 Global Grow Light Market Revenue Share, by Region, 2019 & 2026
    • 11.1.2 Global Grow Light Market Revenue, by Region, 2016 – 2026 (USD Billion)
  • 11.2 North America
    • 11.2.1 North America Grow Light Market Revenue, 2016 - 2026 (USD Billion)
    • 11.2.2 North America Grow Light Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 11.2.3 North America Grow Light Market Revenue, by Spectrum, 2016 – 2026
    • 11.2.4 North America Grow Light Market Revenue, by Technology, 2016 – 2026
    • 11.2.5 North America Grow Light Market Revenue, by Installation, 2016 – 2026
    • 11.2.6 North America Grow Light Market Revenue, by Application, 2016 – 2026
      • 11.2.7 U.S.
  • 11.2.8 Canada
  • 11.3 Europe
    • 11.3.1 Europe Grow Light Market Revenue, 2016 - 2026 (USD Billion)
    • 11.3.2 Europe Grow Light Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 11.3.3 Europe Grow Light Market Revenue, by Spectrum, 2016 – 2026
    • 11.3.4 Europe Grow Light Market Revenue, by Technology, 2016 – 2026
    • 11.3.5 Europe Grow Light Market Revenue, by Installation, 2016 – 2026
    • 11.3.6 Europe Grow Light Market Revenue, by Application, 2016 – 2026
    • 11.3.7 Germany
    • 11.3.8 France
      • 11.3.9 U.K.
  • 11.3.10 Rest of Europe
  • 11.4 Asia Pacific
    • 11.4.1 Asia Pacific Grow Light Market Revenue, 2016 - 2026 (USD Billion)
    • 11.4.2 Asia Pacific Grow Light Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 11.4.3 Asia Pacific Grow Light Market Revenue, by Spectrum, 2016 – 2026
    • 11.4.4 Asia Pacific Grow Light Market Revenue, by Technology, 2016 – 2026
    • 11.4.5 Asia Pacific Grow Light Market Revenue, by Installation, 2016 – 2026
    • 11.4.6 Asia Pacific Grow Light Market Revenue, by Application, 2016 – 2026
    • 11.4.7 China
    • 11.4.8 Japan
    • 11.4.9 India
    • 11.4.10 Rest of Asia Pacific
  • 11.5 Latin America
    • 11.5.1 Latin America Grow Light Market Revenue, 2016 - 2026 (USD Billion)
    • 11.5.2 Latin America Grow Light Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 11.5.3 Latin America Grow Light Market Revenue, by Spectrum, 2016 – 2026
    • 11.5.4 Latin America Grow Light Market Revenue, by Technology, 2016 – 2026
    • 11.5.5 Latin America Grow Light Market Revenue, by Installation, 2016 – 2026
    • 11.5.6 Latin America Grow Light Market Revenue, by Application, 2016 – 2026
    • 11.5.7 Brazil
    • 11.5.8 Mexico
    • 11.5.9 Rest of Latin America
  • 11.6 The Middle-East and Africa
    • 11.6.1 The Middle-East and Africa Grow Light Market Revenue, 2016 - 2026 (USD Billion)
    • 11.6.2 The Middle-East and Africa Grow Light Market Revenue, by Country, 2016 – 2026 (USD Billion)
    • 11.6.3 The Middle-East and Africa Grow Light Market Revenue, by Spectrum, 2016 – 2026
    • 11.6.4 The Middle-East and Africa Grow Light Market Revenue, by Technology, 2016 – 2026
    • 11.6.5 The Middle-East and Africa Grow Light Market Revenue, by Installation, 2016 – 2026
    • 11.6.6 The Middle-East and Africa Grow Light Market Revenue, by Application, 2016 – 2026
    • 11.6.7 GCC Countries
    • 11.6.8 South Africa
    • 11.6.9 Rest of Middle-East Africa
  • Chapter 12 Company Profiles
    • 12.1 Electric Company
    • 12.1.1 Company Overview
    • 12.1.2 Financial Overview
    • 12.1.3 Product Portfolio
    • 12.1.4 Business Strategy
    • 12.1.5 Recent Developments
  • 12.2 LumiGrow
    • 12.3 Inc.
  • 12.4 Heliospectra Ab.
  • 12.5 Hortilux SchrEder B.V.
  • 12.6 Gavita Hulland B.V.
  • 12.7 Osram Licht AG
  • 12.8 Royal Philips Electronics
  • 12.9 Iwasaki Electric Co.
    • 12.10 Ltd.
  • 12.11 and Sunlight Supply Inc

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