Global Grow Lights Market

Makers of Light Emitting Diode (LED) and Solid-State Lighting (SSL) have identified the potential of the Grow Light post the Horticulture research which established that radiation at some relatively narrow spectral bands can optimize chlorophyll absorption in plants that in turn drives the photosynthesis process critical to plant growth. With the rise of urbanization and an ever-increasing population, there is now a need to reduce energy consumption, promote indoor farming and increase emphasis on food security.

This gave an immense opportunity to the LED and SSD manufacturers to enter the segment of Grow Lights. LEDs have turned out to be a better fit for the application after the research into how specific spectral bands are primarily responsible for different stages of the horticultural growth cycle. What helped LED is that they are monochromatic in nature. This ensured that manufacturers can deliver the luminaires that solely produce the spectral energy which the plants require, this has added to the energy efficiency.

Market Dynamics

Vertical farming and greenhouse practices are on the rise around the globe, this has fueled the growth the overall growth of the market. The research considered fruits, vegetables, flowers, and ornamental plants and with the advent of urban farming gaining momentum,cultivating fruits and vegetables in and around home and garden spaces will drive the market for Grow Lights. Innovative techniques are being used by companies to introduce grow lights such as hanging bags, pull out drawers with grow lights attached to them, or even racks attached with grow lights that enable farming in the kitchen area. Thus, there is an immense potential.

Market Segmentation

The market is segmented on the basis of technology used, type of installation,applications. With respect to the technology it is segmented intoHID lights, fluorescent lights, LEDs, LEPs, induction lights. The type of installation includes new installation and retrofit installation whereas, applications are as follows: indoor farming, vertical farming, commercial greenhouses, rooftop farming, and others.

Regional/Geographic Analysis

Europe is stated to have the share of the grow lights market. This is followed by the USA and then the APAC region.

Key Players

--> Some of the major players in the market include Royal Philips Electronics General Electric Company, Alta LED Corporation, PARsource Lighting Solutions, Solarmax, Bridgelux, Heliospectra, OSRAM Licht AG, LumiFlow.

Report Contents:

> Market segments

> Market Drivers, Restraints and Opportunities

> Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in Market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage