Published Year: 2021
Global Aquaponic and Hydroponic Systems and Equipment Market: Focus on Product, Application, and Cou
The global aquaponic and hydroponic systems and equipment market is expected to reach $2.74...
Market Research Report
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Table of Contents
1.1 Market Drivers
1.1.1 Advent of Indoor Farming to Address Global Food Insecurity
1.1.2 Need for Energy Efficient Lighting for Crop Cultivation
1.1.3 Increasing Consumption of Animal Proteins Globally
1.2 Market Restraints
1.2.1 High Initial Investments
1.3 Market Opportunities
1.3.1 Asia-Pacific, Middle East, and Africa: New Market Avenues for LED Grow Lights
1.3.2 Growing Demand for Livestock LED Grow Lighting
2.1 Key Market Developments and Strategies
2.1.1 Product Launches and Developments
2.1.2 Partnerships, Collaborations, and Joint Ventures
2.1.3 Business Expansions and Contracts
2.1.4 Mergers and Acquisitions
2.2 Market Share Analysis of Key Global LED Grow Lights Manufacturing Companies
3.1 Investment and Funding Landscape
3.2 Crops Requiring LED Grow Lights for Cultivation
3.3 Emerging Trends in the LED Grow Lights Industry
3.3.1 Applications of UV and IR in LED Grow Lights
3.3.2 Application of IoT and Automation in LED Grow Lights
3.4 Comparative Analysis Between Different Grow Lights
3.5 Case Studies
3.5.1 LED Grow Light Project by Heliospectra AB
3.5.2 LED Grow Light Project on Livestock Farms
3.5.3 LED Grow Light Project by Stadium Grow Lighting
3.6 Consortiums and Associations
3.6.1 International Artificial Grow Light Association (IAGLA)
3.6.1.1 Overview
3.6.1.2 Role in Global LED Grow Light Market
3.6.2 Middle East Lighting Association (MELA)
3.6.2.1 Overview
3.6.2.2 Role in Global LED Grow Light Market
3.6.3 Japan Plant Factory Association (JPFA)
3.6.3.1 Overview
3.6.3.2 Role in Global LED Grow Light Market
3.6.4 Association for Vertical Farming (AVF)
3.6.4.1 Overview
3.6.4.2 Role in Global LED Grow Light Market
3.6.5 International Society of Horticultural Science (ISHS)
3.6.5.1 Overview
3.6.5.2 Role in Global LED Grow Light Market
3.6.6 USDA Committee on Controlled Environment Technology and Use
3.6.6.1 Overview
3.6.6.2 Role in Global LED Grow Lights Market
3.6.7 National Cannabis Industry Association
3.6.7.1 Overview
3.6.7.2 Role in Global LED Grow Lights Market
3.6.8 American Society of Agricultural and Biological Engineers (ASABE)
3.6.8.1 Overview
3.6.8.2 Role in Global LED Grow Light Market
3.6.9 Farmtech Society International Network
3.6.9.1 Overview
3.6.9.2 Role in Global LED Grow Light Market
3.6.10 United Kingdom Controlled Environment Users' Group
3.6.10.1 Overview
3.6.10.2 Role in Global Agriculture Drones and Robots Market
3.7 Supply Chain Analysis
4.1 Assumptions and Limitations for Analysis and Forecast of the Global LED Grow Lights Market
4.2 Market Overview
4.3 Low Power LED Grow Lights (<300 Watts)
4.4 High Power LED Grow Lights (>= 300 Watts)
5.1 Market Overview
5.2 Full PAR Spectrum
5.3 Partial Spectrum
5.4 Treatment Spectrum
6.1 Market Overview
6.2 Greenhouses
6.3 Indoor Farming
6.4 Turf and Landscaping
6.5 Livestock Farming and Aquaculture
6.6 Research
7.1 North America
7.1.1 North America (by Application)
7.1.2 North America (by Country)
7.1.2.1 U.S.
7.1.2.2 Canada
7.1.2.3 Mexico
7.2 Europe
7.2.1 Europe (by Application)
7.2.2 Europe (by Country)
7.2.2.1 Netherlands
7.2.2.2 U.K.
7.2.2.3 Spain
7.2.2.4 Italy
7.2.2.5 France
7.2.2.6 Russia
7.2.2.7 Rest-of-Europe
7.3 Asia-Pacific
7.3.1 Asia-Pacific (by Application)
7.3.2 Asia-Pacific (by Country)
7.3.2.1 Japan
7.3.2.2 China
7.3.2.3 South Korea
7.3.2.4 Singapore
7.3.2.5 Australia and New Zealand (ANZ)
7.3.2.6 Rest-of-Asia-Pacific
7.4 Rest-of-the-World (RoW)
7.4.1 RoW (by Application)
7.4.2 Rest-of-the-World (by Country)
7.4.2.1 U.A.E.
7.4.2.2 Saudi Arabia
7.4.2.3 Brazil
7.4.2.4 South Africa
7.4.2.5 Others
8.1 Advanced LED Lights
8.1.1 Company Overview
8.1.2 Role of Advanced LED Lights in LED Grow Lights Market
8.1.3 SWOT Analysis
8.2 Agrilight B.V.
8.2.1 Company Overview
8.2.2 Role of Agrilight B.V. in LED Grow lights Market
8.2.3 SWOT Analysis
8.3 California LightWorks
8.3.1 Company Overview
8.3.2 Role of California LightWorks in LED Grow Lights Market
8.3.3 SWOT Analysis
8.4 Cirrus Systems, Inc.
8.4.1 Company Overview
8.4.2 Role of Cirrus Systems, Inc. in LED Grow Lights Market
8.4.3 SWOT Analysis
8.5 Cree, Inc.
8.5.1 Company Overview
8.5.2 Role of Cree, Inc. in LED Grow Lights Market
8.5.3 Financials
8.5.4 Key Insights About the Financial Health of the Company
8.5.5 SWOT Analysis
8.6 Current by General Electric
8.6.1 Company Overview
8.6.2 Role of Current by General Electric in LED Grow Lights Market
8.6.3 SWOT Analysis
8.7 DeLaval
8.7.1 Company Overview
8.7.2 Role of DeLaval in LED Grow lights Market
8.7.3 SWOT Analysis
8.8 Everlight Electronics Co., Ltd.
8.8.1 Company Overview
8.8.2 Role of Everlight Electronics Co., Ltd. in LED Grow Lights Market
8.8.3 Financials
8.8.4 Key Insights About the Financial Health of the Company
8.8.5 SWOT Analysis
8.9 GEA Group
8.9.1 Company Overview
8.9.2 Role of GEA Group in Global LED Grow Light Market
8.9.3 Financials
8.9.4 SWOT Analysis
8.10 Heliospectra AB
8.10.1 Company Overview
8.10.2 Role of Heliospectra AB in LED Grow Lights Market
8.10.3 Financials
8.10.4 SWOT Analysis
8.11 Illumitex
8.11.1 Company Overview
8.11.2 Role of Illumitex in LED Grow Lights Market
8.11.3 SWOT Analysis
8.12 LedsMaster LED Lighting
8.12.1 Company Overview
8.12.2 Role of LedsMaster in LED Grow Lights Market
8.13 Lumigrow
8.13.1 Company Overview
8.13.2 Role of Lumigrow in LED Grow Lights Market
8.13.3 SWOT Analysis
8.14 Lumileds
8.14.1 Company Overview
8.14.2 Role of Lumileds in LED Grow Lights Market
8.14.3 SWOT Analysis
8.15 OSRAM Litch AG
8.15.1 Company Overview
8.15.2 Role of OSRAM Litch AG in LED Grow Lights Market
8.15.3 Financials
8.15.4 Key Insights about the Financial Health of the Company
8.15.5 SWOT Analysis
8.16 PlatinumLED Lights LLC
8.16.1 Company Overview
8.16.2 Role of PlatinumLED Lights LLC in LED Grow Lights Market
8.16.3 SWOT Analysis
8.17 Planet Lighting Ltd
8.17.1 Company Overview
8.17.2 Role of Planet Lighting Ltd in LED Grow lights Market
8.17.3 SWOT Analysis
8.18 Pro Max Grow
8.18.1 Company Overview
8.18.2 Role of Pro Max Grow in LED Grow Lights Market
8.18.3 SWOT Analysis
8.19 RHENAC GreenTec AG
8.19.1 Company Overview
8.19.2 Role of RHENAC GreenTec AG in LED Grow Lights Market
8.19.3 SWOT Analysis
8.20 San’an Optoelectronics Ltd.
8.20.1 Company Overview
8.20.2 Role of San’an Optoelectronics Ltd. in LED Grow lights Market
8.21 Signify N.V.
8.21.1 Company Overview
8.21.2 Role of Signify N.V. in LED Grow Lights Market
8.21.3 Financials
8.21.4 Key Insights about the Financial Health of the Company
8.21.5 SWOT Analysis
8.22 Stadium Grow Lighting
8.22.1 Company Overview
8.22.2 Role of Stadium Grow Lighting in LED Grow Lights Market
8.22.3 SWOT Analysis
8.23 Shenzhen Honteck-Wins Electronics Co., Ltd.
8.23.1 Company Overview
8.23.2 Role of Shenzhen Honteck-Wins Electronics Co., Ltd. in LED Grow lights Market
8.23.3 SWOT Analysis
8.24 TSL Green Growing Solutions Litch AG
8.24.1 Company Overview
8.24.2 Role of TSL Green Growing Solutions Litch AG in LED Grow lights Market
8.25 Valoya
8.25.1 Company Overview
8.25.2 Role of Valoya in LED Grow Lights Market
8.25.3 SWOT Analysis
9.1 Report Scope
9.2 LED Grow Lights Market Research Methodology
9.2.1 Assumptions
9.2.2 Limitations
9.3 Primary Data Sources
9.4 Secondary Data Sources
9.5 Data Triangulation
9.6 Market Estimation and Forecast
Table 3.1: Growers in the Indoor Farming Industry With Highest Investments, 2016-2018
Table 3.2: Most Profitable Crops for Indoor Farming and Input of Light Required
Table 3.3: Most Profitable Crops Grown in Greenhouses
Table 3.4: Comparisons Among Lighting Sources
Table 3.5: Key Consortiums and Associations in Global LED Grow Lights Market
Table 4.1: Global LED Grow Lights Market (by Power Consumption), $Million, 2018-2024
Table 4.2: Power Rating of Low Power LED Grow Lights (<300 Watts) Manufactured by Leading Players
Table 4.3: Power Rating of High-Power LED Grow Lights (>=300 Watts) Manufactured by Leading Players
Table 6.1: Global LED Grow Lights Market (by Application), $Million, 2018-2024
Table 6.2: Greenhouse LED Grow Lights Manufactured by Leading Players
Table 6.3: Key Developments Pertaining to the Technologies for Greenhouse Indoor Farming
Table 6.4: Impact of LED Grow Lights on Plant Growth as Compared to Fluorescent Lights
Table 6.5: LED Grow Light Products Manufactured by Leading Players for Indoor Farms
Table 6.6: Key Developments Pertaining to LED Grow Lights in Indoor Farming
Table 6.7: Major Sports Stadiums Making Use of LED Grow Lights Treatment
Table 6.8: Major Players of LED Grow Lights for Turf and Landscaping
Table 6.9: Products by Leading Players Suited for Research Application
Table 7.1: Regional LED Grow Lights Market, $Million, 2018-2024
Table 7.2: Greenhouse Vegetable Growers in North America, 2018
Table 7.3: North America LED Grow Lights Market (by Application), $Million, 2018-2024
Table 7.4: North America LED Grow Lights Market (by Country), $Million, 2018-2024
Table 7.5: Statistics of Key Crops Produced in the U.S., 2016
Table 7.6: Share of Greenhouse Production across Different States and Vegetables in Canada, 2017
Table 7.7: Europe LED Grow Lights Market, (by Application), $Million, 2018-2024
Table 7.8: Europe LED Grow Lights Market (by Country), $Million, 2018-2024
Table 7.9: Use of LED Grow Lights in Major Sports Fields in the Netherlands
Table 7.10: Use of LED Grow Lights in Major Sports Fields in Spain
Table 7.11: Use of LED Grow Lights in Major Sports Fields in France
Table 7.12: Macroeconomic Factors Driving the LED Grow Lights Industry Through Indoor Farming
Table 7.13: Asia-Pacific LED Grow Lights (by Application), $Million, 2018-2024
Table 7.14: Asia-Pacific LED Grow Lights Market (by Country), $Million, 2018-2024
Table 7.15: RoW LED Grow Lights Market (by Application), $Million, 2018-2024
Table 7.16: Rest-of-the-World LED Grow Lights Market (by Country), $Million, 2018-2024
Table 8.1: Advanced LED Lights: Product Portfolio
Table 8.2: Agrilight B.V.: Product Portfolio
Table 8.3: California LightWorks: Product Portfolio
Table 8.4: Cirrus Systems, Inc.: Product Portfolio
Table 8.5: Cree, Inc.: Product Portfolio
Table 8.6: Current by General Electronics: Product Portfolio
Table 8.7: DeLaval: Product Portfolio
Table 8.8: Everlight Electronics Co., Ltd.: Product Portfolio
Table 8.9: GEA Group: Product Portfolio
Table 8.10: Heliospectra AB: Product Portfolio
Table 8.11: Illumitex: Product Portfolio
Table 8.12: LedsMaster: Product Portfolio
Table 8.13: Lumigrow: Product Portfolio
Table 8.14: Lumileds: Product Portfolio
Table 8.15: OSRAM Litch AG: Product Portfolio
Table 8.16: PlatinumLED Lights LLC: Product Portfolio
Table 8.17: Planet Lighting Ltd: Product Portfolio
Table 8.18: Pro Max Grow: Product Portfolio
Table 8.19: RHENAC GreenTec AG: Product Portfolio
Table 8.20: San’an Optoelectronics Ltd.: Product Portfolio
Table 8.21: Signify N.V.: Product Portfolio
Table 8.22: Stadium Grow Lighting: Product Portfolio
Table 8.23: Shenzhen Honteck-Wins Electronics Co., Ltd.: Product Portfolio
Table 8.24: TSL Green Growing Solutions Litch AG: Product Portfolio
Table 8.25: Valoya: Product Portfolio
Figure 1: Macroeconomic Trends Impacting the Global LED Grow Light Demand
Figure 2: Drivers and Restraints – Global LED Grow Lights Market
Figure 3: Global LED Grow Lights Market Snapshot
Figure 4: Global LED Grow Lights Market (by Spectrum), 2019-2024, ($Million)
Figure 5: Global LED Grow Lights Market by Application Area
Figure 6: Regional LED Grow Lights Market Snapshot
Figure 1.1: Market Dynamics
Figure 1.2: Impact Analysis of Drivers
Figure 1.3: Number of Undernourished People in the World, 2017
Figure 1.4: Energy Saving from Theoretical “All-LED”
Figure 1.5: Global Demand for Animal Protein 2015-2035
Figure 1.6: Impact Analysis of Restraints
Figure 1.7: Energy Consumption Share for Different Technologies Used in Indoor Cultivation of Marijuana
Figure 2.1 Strategies Adopted by the Key Players (January 2016-July 2019)
Figure 2.2 Share of Key Market Strategies and Developments (January 2016-July 2019)
Figure 2.3: Product Launches and Developments Share (by Companies)
Figure 2.4: Partnerships, Collaborations, and Joint Ventures Share (by Companies)
Figure 3.1: Global LED Grow Lights Market Investment and Funding for Manufacturers, 2016-2018
Figure 3.2: Investment and Funding for Growers in the Indoor Farming Industry
Figure 3.3: Advantages of UV and IR in LED Grow Lights
Figure 3.4: Micro Case Study: LED Grow Lights Project by Heliospectra AB
Figure 3.5: Micro Case Study: LED Grow Light Project on Livestock Farms
Figure 3.6: Micro Case Study: LED Grow Light Project by Stadium Grow Lighting
Figure 4.1: Classification of LED Grow Lights Market Based on Power Consumption
Figure 4.2: Global LED Grow Lights Market (by Low Power LED Grow Lights), 2018-2024
Figure 4.3: Global LED Grow Lights Market (by High Power LED Grow Lights), 2018-2024
Figure 5.1: Spectrum and Wavelengths of Light emitted by LED Grow Lights
Figure 5.2: Global LED Grow Lights Market (by Full PAR Spectrum), 2018-2024
Figure 5.3: Global LED Grow Lights Market (by Partial Spectrum), $Million, 2018-2024
Figure 5.4: Benefits of Partial Spectrum LED Grow Lights
Figure 5.5: Global LED Grow Lights Market (by Treatment Spectrum), $Million, 2018-2024
Figure 5.6: Advantages of Treatment Spectrum in Plant Growth
Figure 6.1: Classification of LED Grow Lights Market Based on Application
Figure 6.2: Global LED Grow Lights Market (by Greenhouses), 2018-2024
Figure 6.3: Geographical Areas Covered by Greenhouses Producing Vegetables Around the World
Figure 6.4: Global LED Grow Lights Market (by Indoor Farming), 2018-2024
Figure 6.5: Global LED Grow Lights Market (by Turf and Landscaping), 2018-2024
Figure 6.6: Global LED Grow Lights Market (by Livestock Farming and Aquaculture), 2018-2024
Figure 6.7: Global LED Grow Lights Market (by Research), 2018-2024
Figure 7.1: LED Grow Lights: Regional Market Snapshot
Figure 7.2: North America LED Grow Lights Market, 2018-2024
Figure 7.3: LED Grow Lights Market in the U.S., 2018-2024
Figure 7.4: LED Grow Lights Market in Canada, 2018-2024
Figure 7.5: Share of Agriculture in GDP of Mexico, 1970-2018 (%)
Figure 7.6: LED Grow Lights Market in Mexico, 2018-2024
Figure 7.7: Europe LED Grow Lights Market, 2018-2024
Figure 7.8: LED Grow Lights Market in the Netherlands, 2018-2024
Figure 7.9: U.K. LED Grow Lights Market, 2018-2024
Figure 7.10: Share of Agriculture as a Part of GDP of the U.K., 1995-2018 (% of GDP)
Figure 7.11: LED Grow Lights Market in Spain, 2018-2024
Figure 7.12: LED Grow Lights Market in Italy, 2018-2024
Figure 7.13: Population and Urbanization in Italy
Figure 7.14: LED Grow Lights Market in France, 2018-2024
Figure 7.15: Population and Urbanization in France, 2000-2018
Figure 7.16: LED Grow Lights Market in Russia, 2018-2024
Figure 7.17: LED Grow Lights Market in Rest-of-Europe, 2018-2024
Figure 7.18: Asia-Pacific LED Grow Lights Market, 2018-2024
Figure 7.19: Japan LED Grow Lights Market, 2018-2024
Figure 7.20: China LED Grow Lights Market, 2018-2024
Figure 7.21: South Korea LED Grow Lights Market, 2018-2024
Figure 7.22: Singapore LED Grow Lights Market, 2018-2024
Figure 7.23: Population of Singapore (Million)
Figure 7.24: ANZ LED Grow Lights Market, 2018-2024
Figure 7.25: Rest-of-Asia-Pacific LED Grow Lights Market, 2018-2024
Figure 7.26: Rest-of-the-World LED Grow Lights Market, 2018-2024
Figure 7.27: U.A.E. LED Grow Lights Market, 2018-2024
Figure 7.28: Saudi Arabia LED Grow Lights Market, 2018-2024
Figure 7.29: Brazil LED Grow Lights Market, 2018-2024
Figure 7.30: South Africa LED Grow Lights Market, 2018-2024
Figure 7.31: Others LED Grow Lights Market, 2018-2024
Figure 8.1: Segmentation of Key Companies Profiled
Figure 8.2: Advanced LED Lights: SWOT Analysis
Figure 8.3: Agrilight B.V.: SWOT Analysis
Figure 8.4: California LightWorks: SWOT Analysis
Figure 8.5: Cirrus Systems, Inc.: SWOT Analysis
Figure 8.6: Cree, Inc.: Overall Financials, 2016-2018
Figure 8.7: Cree, Inc.: Net Revenue (by Business Segment), 2016-2018
Figure 8.8: Cree, Inc.: Net Revenue (by Region), 2016-2018
Figure 8.9: Research and Development: Cree, Inc. – 2016 to 2018
Figure 8.10: Cree, Inc.: SWOT Analysis
Figure 8.11: Current by General Electronics: SWOT Analysis
Figure 8.12: DeLaval.: SWOT Analysis
Figure 8.13: Everlight Electronics Co., Ltd.: Overall Financials, 2016-2018
Figure 8.14: Everlight Electronics Co., Ltd.: Net Revenue (by Region), 2016-2018
Figure 8.15: Everlight Electronics Co., Ltd.: Net Revenue by Business Segment, 2016-2018
Figure 8.16: Research and Development: Everlight Electronics Co., Ltd. – 2016 to 2018
Figure 8.17: Everlight Electronics Co., Ltd.: SWOT Analysis
Figure 8.18: GEA Group: Overall Financials, 2018
Figure 8.19: GEA Group: Net Revenue by Operating Segment 2018
Figure 8.20: GEA Group: Net Revenue by Regional Segment 2018
Figure 8.21: GEA Group SWOT Analysis
Figure 8.22: Heliospectra AB: Overall Financials, 2016-2018
Figure 8.23: Heliospectra AB: SWOT Analysis
Figure 8.24: Illumitex: SWOT Analysis
Figure 8.25: Lumigrow: SWOT Analysis
Figure 8.26: Lumileds: SWOT Analysis
Figure 8.27: OSRAM Litch AG: Overall Financials, 2016-2018
Figure 8.28: OSRAM Litch AG: Net Revenue by Business Segment, 2016-2018
Figure 8.29: OSRAM Litch AG: Net Revenue (by Region), 2016-2018
Figure 8.30: Research and Development: OSRAM Litch AG – 2016 to 2018
Figure 8.31: OSRAM Litch AG: SWOT Analysis
Figure 8.32: PlatinumLED Lights LLC: SWOT Analysis
Figure 8.33: Planet Lighting Ltd: SWOT Analysis
Figure 8.34: Pro Max Grow: SWOT Analysis
Figure 8.35: RHENAC GreenTec AG: SWOT Analysis
Figure 8.36: Signify N.V.: Overall Financials, 2016-2018
Figure 8.37: Signify N.V.: Net Revenue (by Business Segment), 2016-2018
Figure 8.38: Signify N.V.: Net Revenue (by Region), 2016-2018
Figure 8.39: Research and Development: Signify N.V. – 2016 to 2018
Figure 8.40: Signify N.V.: SWOT Analysis
Figure 8.41: Stadium Grow Lighting: SWOT Analysis
Figure 8.42: Shenzhen Honteck-Wins Electronics Co., Ltd.: SWOT Analysis
Figure 8.43: Valoya: SWOT Analysis
Figure 9.1: LED Grow Lights Market Scope
Figure 9.2: Report Methodology
Figure 9.3: Primary Interviews Breakdown, by Company, Designation, and Region
Figure 9.4: Sources of Secondary Research
Market Overview
The LED Grow Lights Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 23.15% during the forecast period from 2019 to 2024. Governments are increasingly concerned about the growing food demand of the global population. Extremities in global climate is highly impacting the overall agricultural output. The growing protein demand is also raising concerns for the quality and amount of yield produced. Therefore, to meet the global food demand, making use of LED grow lights to operate indoor farms and greenhouses is increasingly being adopted by the growers currently.
The LED grow lights market growth is majorly driven by factors such as rise in the demand for food globally and increasing push from government for the adoption of alternative agricultural practices. Along with this, the initiative by many governments to ban the traditional grow lights has also benefitted the LED grow lights industry. However, factors such as considerable investments to adopt technologically advanced LED grow lights and consequent profitability hamper the overall market growth. Moreover, the development of cost-efficient LED grow light technologies for indoor vertical farms are anticipated to create numerous opportunities for the market growth.
Expert Quote
"With a burgeoning global population and lack of food security globally, stakeholders across nations have identified the need for alternate sustainable agricultural practices, one of which is indoor farming. Since sunlight forms an important part of plant growth recipe, artificial lighting is essential for running an indoor farm. LED grow lights offer energy efficiency, better plant growth, and more yield as compared to traditional grow lights. These factors combined are expected to drive the LED grow lights market. Additionally, treatment spectrum is anticipated to be the potential segment, expected to register the highest CAGR from 2019 to 2024. The demand for the applications of LED grow lights in indoor vertical farming is increasing due to the upcoming trends in the farming practices."
Key Questions Answered in this Report
Key Questions Answered in this Report:
• How are LED grow lights a viable solution to the increasing global food demand and depleting natural resources?
• What are the major factors promoting the uptake of LED grow light technologies?
• How is the high investment cost affecting the overall adoption of LED grow lights by growers? What type of solutions can be undertaken by the companies to overcome the cost factor?
• How competitive is the industry in terms of market developments by key players such as business expansions, collaborations, acquisitions, agreements, and new product developments?
• What are the key strategies, both inorganic and organic, that are being adopted by market participants to expand their market share, regionally as well as in new product lines?
• What is the positioning of the leading players in the lighting systems market on the basis of their revenue contribution?
• What has been the investment and funding landscape in the global LED lights market in the last three years? How attractive is the market for emerging start-ups?
• Which is the most common application area to deploy LED grow lights? What is the expected growth potential for different applications during the forecast period, 2019-2024?
• Which are the leading players offering technologies for different facilities in the LED grow lights?
• What is the expected future scenario and revenue generated by different types of LED grow lights including hardware systems, software, and services?
• What are the emerging crop types that are expected to be compatible with LED grow lights market?
• Which is the most dominant region in terms of technology adoption, revenue generation, and presence of companies, as of 2018?
• What are the internal and external factors that impact the company's positioning in the market?
Report Description
Scope of the Global LED Grow Lights Market
The global LED grow lights market research provides a detailed perspective regarding the applications of the LED grow lights, its value and estimation, among others. The purpose of this market analysis is to examine the LED grow lights industry outlook in terms of factors driving the market, trends, developments, and emerging trends, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contributions of the key players operating in the market. The LED grow lights report is a compilation of different segments including market breakdown by spectrum type, application type, power consumption type, and region.
Market Segmentation
The LED grow lights market (on the basis of spectrum type) has been segmented into full PAR spectrum, partial spectrum, and treatment spectrum. The full PAR segment dominated the global LED grow lights market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2024).
The LED grow lights market on the basis of application type has been segmented into greenhouses, indoor farms, turf and landscaping, livestock farming and aquaculture, and research. The greenhouse segment dominated the global LED grow lights market in 2018 and is anticipated to maintain its dominance throughout the forecast period.
The LED grow lights market segmentation on the basis of power consumption has been done into low power consumption (<300 watts) and high-power consumption (>=300 watts). The high-power consumption segment dominated the global LED grow lights market in 2018 and is anticipated to maintain its dominance throughout the forecast period.
The LED grow lights market by region has been segregated under four major regions, such as North America, Europe, APAC and Rest-of-the-World. Data for each of these regions is provided by application type and by country.
Key Companies in the LED Grow Lights Industry
The key market players in the global LED grow lights market include Signify N.V., OSRAM Litch AG, Current by GE, Heliospectra AB, Valoya, Stadium Grow Lighting, and Agrilight B.V., among others.
Global LED Grow Lights Market
Focus on Spectrum (Full PAR, Partial, Treatment), Application (Indoor Farms, Greenhouses, Livestock and Aquaculture, Turf and Landscaping), and Power Consumption - Analysis and Forecast, 2019-2024
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