Infographics - Grow Lights Market

The use of LEDs for grow lights reduces the cost of maintenance. Unlike traditional grow lights, LEDs use low power and emit low heat radiations, and therefore, they can be used in indoor environments. The average LED grow light will draw 32 watts to cover a square foot. This is the same amount of energy used by a typical High Pressure Sodium (HPS) bulb. However, LEDs don't emit the heat that HIDs do. They can be up to 30 times more efficient. Some grow lights offer on-board scheduling, which allows user to program schedules for their lights. This is a great feature as it eliminates the need for an external timer.

Moreover, a number of new innovative products are making their way into the market. These include the dimming controller, which allows growers to customize wavelengths that are transmitted to plants.

Market Dynamics:

The increase in urban agriculture is expected to have a positive impact on the global grow lights market. Furthermore, increasing investment in the agricultural sector, especially in vertical farming, is anticipated to have a beneficial impact on the grow light industry. The rise in consumer interest in LED technology has been a key factor in driving the development of the global grow lights market.

However, high initial investment and lack of standardization is expected to hamper the growth of the market. Increasing awareness of alternative farming practices will be another factor boosting the growth of the industry.

Key features of the study:

This report provides in-depth analysis of the global grow lights market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022-2030), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global grow lights market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Epistar Corporation, Signify, Hydro Grow, Savant Systems Inc., Iwasaki Electric Co. Ltd., Heliospectra AB, Everlight Electronics Co. Ltd., OSRAM Licht AG, LumiGrow Inc., and Illumitex Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global grow lights market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global grow lights market

Detailed Segmentation:

Global Grow Lights Market, By Light Source:
- High-intensity Discharge (HID) Lights
- Light Emitting Diodes
- Fluorescent Lights
- Other Light Sources
Global Grow Lights Market, By Installation Type:
- New Installations
- Retrofit Installations
Global Grow Lights Market, By Application:
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
- Other Applications
Global Grow Lights Market, By Geography:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Epistar Corporation,
- Signify, Hydro Grow
- Savant Systems Inc., Iwasaki Electric Co. Ltd.
- Heliospectra AB
- Everlight Electronics Co. Ltd.
- OSRAM Licht AG
- LumiGrow Inc.
- Illumitex Inc.
- Others

Table of Contents

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Market Snapshot, By Light Source
  - Market Snapshot, By Installation Type
  - Market Snapshot, By Application
  - Market Snapshot, By Region
- Coherent Opportunity Map (COM)
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
  - Drivers
    - Growing adoption of indoor farming practices
    - Surge in the number of startups innovating novel technologies
  - Restraints
    - Changing lighting needs for different crops
    - High cost of setup and maintenance
  - Opportunities
    - Penetration of advanced technologies such as IoT, Artificial Intelligence, and robotics in farming technologies
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
Global Grow Lights Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
Global Grow Lights Market , By Light Source, 2017-2030, (US$ Mn)
- Introduction
  - Market Share Analysis, 2022 and 2030 (%)
  - Y-o-Y Growth Analysis, 2017 – 2030
  - Segment Trends
- High-intensity Discharge (HID) Lights
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Light Emitting Diodes
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Fluorescent Lights
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
- Other Light Sources
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Mn)
Global Grow Lights Market, By Installation Type, 2017-2030, (US$ Mn)
- Introduction
  - Market Share Analysis, 2022 and 2030 (%)
  - Y-o-Y Growth Analysis, 2017 – 2030
  - Segment Trends
- New Installations
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Retrofit Installations
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Global Grow Lights Market, By Application, 2017-2030, (US$ Mn)
- Introduction
  - Market Share Analysis, 2022 and 2030 (%)
  - Y-o-Y Growth Analysis, 2017 – 2030
  - Segment Trends
- Indoor Farming
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Vertical Farming
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Commercial Greenhouse
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
- Other Applications
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2017-2030,(US$ Million)
Global Grow Lights Market, By Region, 2017-2030, (US$ Mn)
- Introduction
  - Market Share Analysis, By Country, 2022 and 2030 (%)
  - Y-o-Y Growth Analysis, For Country 2017 – 2030
  - Country Trends
- North America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Light Source, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
- Europe
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Light Source, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
- Asia Pacific
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Light Source, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
- Latin America
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Light Source, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
- Middle East & Africa
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, By Light Source, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Installation Type, 2017-2030,(US$ Mn)
  - Market Size and Forecast, and Y-o-Y Growth, By Application, 2017-2030,(US$ Mn)
Competitive Landscape
- Signify
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Savant Systems Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Heliospectra AB
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- OSRAM Licht AG
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Illumitex Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- LumiGrow Inc.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Everlight Electronics Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Iwasaki Electric Co. Ltd.
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Hydro Grow
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Epistar Corporation
  - Company Highlights
  - Product Portfolio
  - Key Highlights
  - Financial Performance
  - Strategies
- Analyst Views
Section
- Research Methodology
- About us

*Browse 24 market data tables and 28 figures on “Global Grow Lights Market” - Global forecast to 2030

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GROW LIGHTS MARKET ANALYSIS

Grow Lights Market

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