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Light Emitting Diode Led Grow Lights Market

Light-Emitting Diode (LED) Grow Lights - Global Market Outlook (2019 -2027)

4.9 (47 reviews)
Published: March 2021 ID: SMRC20252
4.9 (47 reviews)
Published: March 2021 ID: SMRC20252

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Light-Emitting Diode (LED) Grow Lights accounted for $546.08 million in 2019 and is expected to reach $2,896.41 million by 2027 growing at a CAGR of 23.2% during the forecast period. Need for energy-efficient and long-lasting lighting technology and rising trend of indoor farming would boost the adoption of light emitting diode (LED) grow lights. However, high cost of good quality LED grow light is hampering the market growth.

Light-Emitting Diode (LED) grow lights are an artificial source of light, basically an electric light which is designed to stimulate plant growth by emanating an electromagnetic spectrum applicable for photosynthesis. Areas where naturally occurring light are not required, light emitting diode (LED) grow lights are used there. Light emitting diode (LED) grow lights are applicable in the fields such as vertical farming, commercial greenhouse, and indoor farming where light sources play a major role in plant morphology and respond to the quantity, quality and direction of the light.

Based on application, vertical farming segment held significant market share during the forecast period due to light emitting diode (LEDs) become more and more accessible and affordable, the futuristic idea of vertical farming becomes more realistic for all cities over the globe. By geography, Europe is expected to grow at a faster rate as the region has been using grow light systems for the past few decades in controlled environment agriculture (CEA) such as greenhouses, vertical farming, and indoor farming. The use of grow lights in this region is gradually increasing from being a supplemental lighting source, grow lights are becoming the primary source of light in indoor farming operations.
 
Some of the key players in Light-Emitting Diode (LED) Grow Lights market include Advanced LED Grow Lights, Alta LED Corporation, Bridgelux, Inc, Cirrus Systems, Inc, Cree Inc, Everlight Electronics Co. Ltd, General Electric Co, GNUK Ltd, Heliospectra AB, Illumitex Inc, LumiGrow Inc, OSRAM Licht AG, Royal Philips Electronics N.V, Senmatic AS, Signify NV.

Technologies Covered:
• Fluorescent Lighting  
• High Intensity Discharge (HID)  
• Light Emitting Diode (LED)  
• Lighting Emitting Plasma (LEP)
  
Device Types Covered:
• Flowering Lamps 
• Inter-Lights 
• Top Lights 
• Tubular Light Emitting Diodes (TLEDs)  

Products Covered:
• Low Power Product (<300watt)
• High Power Product (>=300watt)

Installation Types Covered:
• New Installation
• Retrofit

Spectrums Covered:
• Partial Spectrum
• Full Photosynthetically Active Radiation (PAR) Spectrum
• Treatment Spectrum

Ranges Covered:
• 60-200W
• 200-1000W
• 1000-2000W

Plants Covered:
• High Light Plants
• Low Light Plants

Applications Covered:
• Commercial Greenhouses
• Food Production
• Horticulture
• Indoor Farming
• Livestock Farming and Aquaculture
• 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 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- 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
o 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 Product Analysis   
 3.9 Emerging Markets   
 3.10 Impact of Covid-19   
     
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 Light-Emitting Diode (LED) Grow Lights Market, By Technology    
 5.1 Introduction   
 5.2 Fluorescent Lighting   
 5.3 High Intensity Discharge (HID)   
 5.4 Light Emitting Diode (LED)    
 5.5 Lighting Emitting Plasma (LEP)   
     
6 Global Light-Emitting Diode (LED) Grow Lights Market, By Device Type    
 6.1 Introduction   
 6.2 Flowering Lamps   
 6.3 Inter-Lights   
 6.4 Top Lights   
 6.5 Tubular Light Emitting Diodes (TLEDs)   
     
7 Global Light-Emitting Diode (LED) Grow Lights Market, By Product    
 7.1 Introduction   
 7.2 Low Power Product (<300watt)   
 7.3 High Power Product (>=300watt)   
     
8 Global Light-Emitting Diode (LED) Grow Lights Market, By Installation Type    
 8.1 Introduction   
 8.2 New Installation   
 8.3 Retrofit   
     
9 Global Light-Emitting Diode (LED) Grow Lights Market, By Spectrum    
 9.1 Introduction   
 9.2 Partial Spectrum   
 9.3 Full Photosynthetically Active Radiation (PAR) Spectrum   
 9.4 Treatment Spectrum   
     
10 Global Light-Emitting Diode (LED) Grow Lights Market, By Range    
 10.1 Introduction   
 10.2 60-200W   
 10.3 200-1000W   
 10.4 1000-2000W   
     
11 Global Light-Emitting Diode (LED) Grow Lights Market, By Plant    
 11.1 Introduction   
 11.2 High Light Plants   
 11.3 Low Light Plants   
     
12 Global Light-Emitting Diode (LED) Grow Lights Market, By Application    
 12.1 Introduction   
 12.2 Commercial Greenhouses   
 12.3 Food Production   
 12.4 Horticulture   
 12.5 Indoor Farming   
 12.6 Livestock Farming and Aquaculture   
 12.7 Vertical Farming   
 12.8 Other Applications   
  12.8.1 Research Purposes  
  12.8.2 Turf and Landscaping  
     
13 Global Light-Emitting Diode (LED) Grow Lights Market, By Geography    
 13.1 Introduction   
 13.2 North America   
  13.2.1 US  
  13.2.2 Canada  
  13.2.3 Mexico  
 13.3 Europe   
  13.3.1 Germany  
  13.3.2 UK  
  13.3.3 Italy  
  13.3.4 France  
  13.3.5 Spain  
  13.3.6 Rest of Europe  
 13.4 Asia Pacific   
  13.4.1 Japan  
  13.4.2 China  
  13.4.3 India  
  13.4.4 Australia  
  13.4.5 New Zealand  
  13.4.6 South Korea  
  13.4.7 Rest of Asia Pacific  
 13.5 South America   
  13.5.1 Argentina  
  13.5.2 Brazil  
  13.5.3 Chile  
  13.5.4 Rest of South America  
 13.6 Middle East & Africa   
  13.6.1 Saudi Arabia  
  13.6.2 UAE  
  13.6.3 Qatar  
  13.6.4 South Africa  
  13.6.5 Rest of Middle East & Africa  
     
14 Key Developments    
 14.1 Agreements, Partnerships, Collaborations and Joint Ventures   
 14.2 Acquisitions & Mergers   
 14.3 New Product Launch   
 14.4 Expansions   
 14.5 Other Key Strategies   
     
15 Company Profiling    

 15.1 Advanced LED Grow Lights    
 15.2 Alta LED Corporation   
 15.3 Bridgelux, Inc   
 15.4 Cirrus Systems, Inc   
 15.5 Cree Inc   
 15.6 Everlight Electronics Co. Ltd   
 15.7 General Electric Co   
 15.8 GNUK Ltd   
 15.9 Heliospectra AB   
 15.10 Illumitex Inc   
 15.11 LumiGrow Inc   
 15.12 OSRAM Licht AG   
 15.13 Royal Philips Electronics N.V   
 15.14 Senmatic AS   
 15.15 Signify NV   


List of Tables     
1 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Region (2018-2027) (US $MN)     
2 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Technology (2018-2027) (US $MN)    
3 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Fluorescent Lighting (2018-2027) (US $MN)    
4 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By High Intensity Discharge (HID) (2018-2027) (US $MN)    
5 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Light Emitting Diode (LED) (2018-2027) (US $MN)    
6 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Lighting Emitting Plasma (LEP) (2018-2027) (US $MN)    
7 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Device Type (2018-2027) (US $MN)    
8 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Flowering Lamps (2018-2027) (US $MN)    
9 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Inter-Lights (2018-2027) (US $MN)    
10 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Top Lights (2018-2027) (US $MN)    
11 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Tubular Light Emitting Diodes (TLEDs) (2018-2027) (US $MN)    
12 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Product (2018-2027) (US $MN)    
13 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Low Power Product (<300watt) (2018-2027) (US $MN)    
14 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By High Power Product (>=300watt) (2018-2027) (US $MN)    
15 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Installation Type (2018-2027) (US $MN)    
16 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By New Installation (2018-2027) (US $MN)    
17 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Retrofit (2018-2027) (US $MN)    
18 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Spectrum (2018-2027) (US $MN)    
19 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Partial Spectrum (2018-2027) (US $MN)    
20 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Full Photosynthetically Active Radiation (PAR) Spectrum (2018-2027) (US $MN)    
21 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Treatment Spectrum (2018-2027) (US $MN)    
22 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Range (2018-2027) (US $MN)    
23 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By 60-200W (2018-2027) (US $MN)    
24 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By 200-1000W (2018-2027) (US $MN)    
25 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By 1000-2000W (2018-2027) (US $MN)    
26 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Plant (2018-2027) (US $MN)    
27 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By High Light Plants (2018-2027) (US $MN)    
28 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Low Light Plants (2018-2027) (US $MN)    
29 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Application (2018-2027) (US $MN)    
30 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Commercial Greenhouses (2018-2027) (US $MN)    
31 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Food Production (2018-2027) (US $MN)    
32 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Horticulture (2018-2027) (US $MN)    
33 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Indoor Farming (2018-2027) (US $MN)    
34 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Livestock Farming and Aquaculture (2018-2027) (US $MN)    
35 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Vertical Farming (2018-2027) (US $MN)    
36 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Other Applications (2018-2027) (US $MN)    
37 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Research Purposes (2018-2027) (US $MN)    
38 Global Light-Emitting Diode (LED) Grow Lights Market Outlook, By Turf and Landscaping (2018-2027) (US $MN)    
     
Note: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner as above.     

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