Light Emitting Diode Led Grow Lights Market
Light-Emitting Diode (LED) Grow Lights - Global Market Outlook (2019 -2027)
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
Table of Contents
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.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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