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Grow Lights Market

Grow Lights - Global Market Outlook (2018-2027)

4.5 (79 reviews)
Published: January 2020 ID: SMRC18692
4.5 (79 reviews)
Published: January 2020 ID: SMRC18692

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Grow Lights Market is accounted for $3.05 billion in 2018 and is expected to reach $9.72 billion by 2027 growing at a CAGR of 13.7% during the forecast period. Some of the factors such as growth in indoor farming practices, increasing number of plant factories, and need for sustainable development among growers driving the market growth. However, huge costs of energy-efficient and better quality grow lights, and requirement of different light spectrums for different crops are restraining the market.

A grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light or where supplemental light is required. Grow lights either attempt to provide a light spectrum similar to that of the sun, or to provide a spectrum that is more tailored to the needs of the plants being cultivated.

By technology, Light-Emitting Diode (LED) is estimated to have a lucrative growth because of the increase in demand for energy-efficient and economical grow lights among consumers and increasing government activities to support the adoption of LED lights over the globe. Based on geography, Asia Pacific is going to have a lucrative growth during the forecast period owing to the rapid growth in urban agriculture, such as vertical farming, greenhouses, and growth chambers. Countries, like Japan, Taiwan, and China are the major source of demand for grow lights in the region and are estimated to stay so over the forecast period.

Some of the key players in Global Grow Lights market include General Electric Company, Gavita Holland B.V., Iwasaki Electric Co., Ltd., Royal Philips Electronics BV, Heliospectra Ab., Osram Licht AG, Lumigrow Inc., Hortilux Schreder B.V., Illumitex Inc., Everlight Electronics Co. Ltd, Sunlight Supply Inc., Epistar Corp., Grow LED Hydro, and Signify NV.

Spectrums Covered:
• Partial Spectrum
• Full Spectrum

Light Sources Covered:
• High-pressure Sodium (HPS)
• Fluorescent Lights
• Light Emitting Diodes
• Other Light Sources

Installations Covered:
• New Installations
• Retrofit Installations

Technologies Covered:
• High-intensity Discharge (HID) Lights
• Fluorescent Lighting
• Light-Emitting Diode (LED)
• High-Intensity Discharge
• Other Technologies

Applications Covered:
• Commercial Greenhouse
• Research
• Indoor Farming
• TURF and Landscaping
• Vertical Farming
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan      
o China      
o India      
o Australia
o New Zealand    
o South Korea     
o Rest of Asia Pacific  
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.

1 Executive Summary     
       
2 Preface     
 
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Technology Analysis   
 3.7 Application Analysis   
 3.8 Emerging Markets    
 3.9 Futuristic Market Scenario   
       
4 Porters Five Force Analysis    

 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Grow Lights Market, By Spectrum   
 5.1 Introduction    
 5.2 Partial Spectrum    
 5.3 Full Spectrum    
       
6 Global Grow Lights Market, By Light Source  
 6.1 Introduction    
 6.2 High-pressure Sodium (HPS)   
 6.3 Fluorescent Lights    
 6.4 Light Emitting Diodes   
 6.5 Other Light Sources    
       
7 Global Grow Lights Market, By Installation  
 7.1 Introduction    
 7.2 New Installations    
 7.3 Retrofit Installations   
       
8 Global Grow Lights Market, By Technology  
 8.1 Introduction    
 8.2 High-intensity Discharge (HID) Lights  
  8.2.1 Ceramic Metal Halide Lamps  
  8.2.2 High Intensity Sodium Lamps  
  8.2.3 Combination MH and HPS lamps 
  8.2.4 Metal-Halide Lamps   
  8.2.5 Other Light Sources   
   8.2.5.1 Switchable Ballasts  
   8.2.5.2 Conversion Bulbs   
 8.3 Fluorescent Lighting   
  8.3.1 T5    
  8.3.2 Compact Fluorescent Light (CFL) 
   8.3.2.1 White Color  
   8.3.2.2 Neutral White Color 
 8.4 Light-Emitting Diode (LED)   
  8.4.1 LED Based on Crop Type  
   8.4.1.1 Food and Flower  
   8.4.1.2 Vegetative  
 8.5 High-Intensity Discharge   
  8.5.1 Metal–Halide Lamp   
  8.5.2 High-Pressure Sodium Lamp  
 8.6 Other Technologies    
  8.6.1 Plasma Lighting   
  8.6.2 Induction Lighting   
       
9 Global Grow Lights Market, By Application  
 9.1 Introduction    
 9.2 Commercial Greenhouse   
 9.3 Research     
 9.4 Indoor Farming    
 9.5 TURF and Landscaping   
 9.6 Vertical Farming    
 9.7 Other Applications    
       
10 Global Grow Lights Market, By Geography  
 10.1 Introduction    
 10.2 North America    
  10.2.1 US    
  10.2.2 Canada    
  10.2.3 Mexico    
 10.3 Europe     
  10.3.1 Germany    
  10.3.2 UK    
  10.3.3 Italy    
  10.3.4 France    
  10.3.5 Spain    
  10.3.6 Rest of Europe   
 10.4 Asia Pacific    
  10.4.1 Japan    
  10.4.2 China    
  10.4.3 India    
  10.4.4 Australia    
  10.4.5 New Zealand   
  10.4.6 South Korea   
  10.4.7 Rest of Asia Pacific   
 10.5 South America    
  10.5.1 Argentina   
  10.5.2 Brazil    
  10.5.3 Chile    
  10.5.4 Rest of South America  
 10.6 Middle East & Africa   
  10.6.1 Saudi Arabia   
  10.6.2 UAE    
  10.6.3 Qatar    
  10.6.4 South Africa   
  10.6.5 Rest of Middle East & Africa  
       
11 Key Developments     
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures
 11.2 Acquisitions & Mergers   
 11.3 New Product Launch   
 11.4 Expansions    
 11.5 Other Key Strategies   
       
12 Company Profiling     
 12.1 General Electric Company   
 12.2 Gavita Holland B.V.    
 12.3 Iwasaki Electric Co., Ltd.   
 12.4 Royal Philips Electronics BV   
 12.5 Heliospectra Ab.    
 12.6 Osram Licht AG    
 12.7 Lumigrow Inc.    
 12.8 Hortilux Schreder B.V.   
 12.9 Illumitex Inc.    
 12.10 Everlight Electronics Co. Ltd   
 12.11 Sunlight Supply Inc.    
 12.12 Epistar Corp.    
 12.13 Grow LED Hydro    
 12.14 Signify NV    


List of Tables      
1 Global Grow Lights Market Outlook, By Region (2017-2027) (US $MN) 
2 Global Grow Lights Market Outlook, By Spectrum (2017-2027) (US $MN) 
3 Global Grow Lights Market Outlook, By Partial Spectrum (2017-2027) (US $MN) 
4 Global Grow Lights Market Outlook, By Full Spectrum (2017-2027) (US $MN) 
5 Global Grow Lights Market Outlook, By Light Source (2017-2027) (US $MN) 
6 Global Grow Lights Market Outlook, By High-pressure Sodium (HPS) (2017-2027) (US $MN) 
7 Global Grow Lights Market Outlook, By Fluorescent Lights (2017-2027) (US $MN) 
8 Global Grow Lights Market Outlook, By Light Emitting Diodes (2017-2027) (US $MN) 
9 Global Grow Lights Market Outlook, By Other Light Sources (2017-2027) (US $MN) 
10 Global Grow Lights Market Outlook, By Installation (2017-2027) (US $MN) 
11 Global Grow Lights Market Outlook, By New Installations (2017-2027) (US $MN) 
12 Global Grow Lights Market Outlook, By Retrofit Installations (2017-2027) (US $MN) 
13 Global Grow Lights Market Outlook, By Technology (2017-2027) (US $MN) 
14 Global Grow Lights Market Outlook, By High-intensity Discharge (HID) Lights (2017-2027) (US $MN) 
15 Global Grow Lights Market Outlook, By Ceramic Metal Halide Lamps (2017-2027) (US $MN) 
16 Global Grow Lights Market Outlook, By High Intensity Sodium Lamps (2017-2027) (US $MN) 
17 Global Grow Lights Market Outlook, By Combination MH and HPS lamps (2017-2027) (US $MN) 
18 Global Grow Lights Market Outlook, By Metal-Halide Lamps (2017-2027) (US $MN) 
19 Global Grow Lights Market Outlook, By Other Light Sources (2017-2027) (US $MN) 
20 Global Grow Lights Market Outlook, By Fluorescent Lighting (2017-2027) (US $MN) 
21 Global Grow Lights Market Outlook, By T5 (2017-2027) (US $MN) 
22 Global Grow Lights Market Outlook, By Compact Fluorescent Light (CFL) (2017-2027) (US $MN) 
23 Global Grow Lights Market Outlook, By Light-Emitting Diode (LED) (2017-2027) (US $MN) 
24 Global Grow Lights Market Outlook, By LED Based on Crop Type (2017-2027) (US $MN) 
25 Global Grow Lights Market Outlook, By High-Intensity Discharge (2017-2027) (US $MN) 
26 Global Grow Lights Market Outlook, By Metal–Halide Lamp (2017-2027) (US $MN) 
27 Global Grow Lights Market Outlook, By High-Pressure Sodium Lamp (2017-2027) (US $MN) 
28 Global Grow Lights Market Outlook, By Other Technologies (2017-2027) (US $MN) 
29 Global Grow Lights Market Outlook, By Plasma Lighting (2017-2027) (US $MN) 
30 Global Grow Lights Market Outlook, By Induction Lighting (2017-2027) (US $MN) 
31 Global Grow Lights Market Outlook, By Application (2017-2027) (US $MN) 
32 Global Grow Lights Market Outlook, By Commercial Greenhouse (2017-2027) (US $MN) 
33 Global Grow Lights Market Outlook, By Research (2017-2027) (US $MN) 
34 Global Grow Lights Market Outlook, By Indoor Farming (2017-2027) (US $MN) 
35 Global Grow Lights Market Outlook, By TURF and Landscaping (2017-2027) (US $MN) 
36 Global Grow Lights Market Outlook, By Vertical Farming (2017-2027) (US $MN) 
37 Global Grow Lights Market Outlook, By Other Applications (2017-2027) (US $MN) 
       
NOTE: The tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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