$4950 | Single User
$6650 | Multi User
$8150 | Corporate License
$10000 | Enterprise License

Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025
[Lowest Price Guaranteed: $4,950]

Published by MarketsandMarkets: 21 May 2020 | 261014 | In Stock
Related Topics: Farming , Technology

Introduction

“The grow lights market is projected to reach USD 2.5 billion in 2025 from USD 1.0 billion in 2020, at CAGR of 19.9%.”

Major factors influencing the grow lights market’s growth are the increasing adoption of indoor farming in urban areas; ongoing government initiatives to support energy-efficient lighting; the growing need for long-lasting, energy-efficient, and economical grow lights; the emerging trend of farm-to-table concept. Further, the rise of vertical farms, technological advancements in LED grow lights, the legalization of cannabis in different countries including the US, and the emergence of horticulture lighting software and calculator will create opportunities for the grow lights market. The major restraint for the market is the high setup and installation costs. The lack of standard testing practices for assessing product quality of grow lights and their fixtures pose a major challenge to this market.

New installations to hold larger share of grow lights market during forecast period

The demand for fresh horticultural produce is increasing with the growing population. This is expected to encourage growers to set up new greenhouses and expand their existing production facilities to cultivate higher yield each year. The emergence of vertical farms, particularly in urban settings, is also contributing to the overall increase in horticultural output. Plants grown in vertical farms are entirely dependent on artificial lighting for photosynthesis; this factor is driving the growth of the market for new installations.

Among all applications, commercial greenhouses held largest share of grow lights market in 2019

The commercial greenhouse accounted for the largest share of nearly 47% of the grow lights market, by application, in 2019. Commercial greenhouses have witnessed increased automation in the last decade, and the concept of controlled environment agriculture (CEA) is being implemented in greenhouses to maintain optimum growing conditions and obtain a higher yield. Growers are gradually realizing the potential benefits of cultivating plants inside a greenhouse; this has contributed to the development of commercial greenhouses.


Europe to hold largest share of grow lights market during forecast period

Europe is expected to continue to dominate the grow lights market during the forecast period. This 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. The population of Europe has grown significantly in recent years, and countries in the region are importing fruits and vegetables from the external markets of Africa and Asia in frozen form. To reduce dependency on imports, some of the major countries in this region are increasingly adopting CEA to obtain fresh produce from locally cultivated farms. This, in turn, is expected to generate a huge demand for grow light systems in the future.

Signify Holding (Netherlands), General Electric Company (US), Osram GmbH (Germany), Gavita International B. V. (Netherlands), Helliospectra AB (Sweden), Iwasaki Electric Co., Ltd. (Japan), Illumitex (US), Hortilux Schréder (Netherlands), California Lightworks (US), Zuzi Technology (China), AeroFarms (US), Emium LLC (US), InduLux Technologies (Canada), Valoya (Finland), Kessil (US), Thrive Agritech (US), VividGro (US), Bowery Farming, Inc. (US), Metropolis Farms (US), and Crop One Holdings (US) are a few major players in the grow lights market.


Breakdown of primary participants’ profile:

• By Company Type: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%

• By Designation: C-level Executives = 40%, Directors = 25%, and Others = 35%

• By Region: North America = 40%, Europe = 30%, APAC = 20%, and RoW = 10%

Research Coverage:

Watt, lighting type, installation type, offering, application, and geography are the segments covered in this report. The report gives a detailed view of the market across 4 main regions: North America, Europe, APAC, and RoW.

Reasons to Buy the Report:

• This report includes statistics pertaining to the grow lights market in terms of watt, lighting type, installation type, offering, application, geography, along with their respective market sizes.

• Major drivers, restraints, opportunities, and challenges for the grow lights market have been provided in detail in this report.

• The report includes illustrative segmentation, analysis, and forecast for the grow lights market based on its segments and subsegments.

Table of Contents
for Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025

  • TABLE OF CONTENTS

    1 INTRODUCTION 15

    1.1 STUDY OBJECTIVES 15

    1.2 MARKET DEFINITION AND SCOPE 15

    1.2.1 INCLUSIONS AND EXCLUSIONS 16

    1.3 STUDY SCOPE 16

    1.3.1 MARKETS COVERED 16

    1.3.2 REGIONAL SCOPE 17

    1.3.3 YEARS CONSIDERED 17

    1.4 CURRENCY 17

    1.5 LIMITATIONS 18

    1.6 STAKEHOLDERS 18

    2 RESEARCH METHODOLOGY 19

    2.1 RESEARCH DATA 19

    2.1.1 SECONDARY DATA 20

    2.1.1.1 Key data from secondary sources 21

    2.1.2 PRIMARY DATA 21

    2.1.2.1 Breakdown of primaries 22

    2.1.2.2 Key data from primary sources 22

    2.1.2.3 Key industry insights 23

    2.1.3 SECONDARY AND PRIMARY RESEARCH 23

    2.2 MARKET SIZE ESTIMATION 24

    2.2.1 BOTTOM-UP APPROACH 25

    2.2.1.1 Approach for obtaining market size using bottom-up analysis 25

    2.2.2 TOP-DOWN APPROACH 26

    2.2.2.1 Approach for obtaining market size using top-down analysis 26

    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 27

    2.4 RESEARCH ASSUMPTIONS 28

    3 EXECUTIVE SUMMARY 29

    4 PREMIUM INSIGHTS 34

    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN GROW LIGHTS MARKET 34

    4.2 GROW LIGHTS MARKET, BY APPLICATION 34

    4.3 GROW LIGHTS MARKET IN EUROPE, BY APPLICATION AND COUNTRY 35

    4.4 GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE 35

    4.5 GROW LIGHTS MARKET, BY REGION 36

    5 MARKET OVERVIEW 37

    5.1 INTRODUCTION 37

    5.2 MARKET DYNAMICS 37

    5.2.1 DRIVERS 38

    5.2.1.1 Increasing adoption of indoor farming in urban areas 38

    5.2.1.2 Ongoing government initiatives to support energy-efficient lighting 38

    5.2.1.3 Growing need for long-lasting, energy-efficient, and economical grow lights 39

    5.2.1.4 Emerging trend of farm-to-table concept 39

    5.2.2 RESTRAINTS 40

    5.2.2.1 Requirement for varied light spectrums for different crops 40

    5.2.2.2 High setup and installation costs 41

    5.2.3 OPPORTUNITIES 42

    5.2.3.1 Rise of vertical farms 42

    5.2.3.2 Technological advancements in LED grow lights 43

    5.2.3.3 Legalization of cannabis in different countries including US 43

    5.2.3.4 Emergence of horticulture lighting software and calculator 44

    5.2.4 CHALLENGES 45

    5.2.4.1 Lack of standard testing practices for assessing product quality of grow lights and their fixtures 45

    6 INDUSTRY TRENDS 47

    6.1 VALUE CHAIN ANALYSIS 47

    6.2 COVID-19 IMPACT ON GROW LIGHTS MARKET 48

    6.2.1 OVERVIEW AND STATISTICS 48

    6.2.2 IMPACT ON GROW LIGHTS MARKET 49

    7 GROW LIGHTS MARKET, BY WATT 50

    7.1 INTRODUCTION 51

    7.2 <300 WATT 52

    7.2.1 <300 WATT TYPE OF GROW LIGHTS ARE LARGELY USED FOR CANNABIS PRODUCTION 52

    7.3 >300 WATT 53

    7.3.1 >300 WATT TYPE OF GROW LIGHTS ARE SUITABLE FOR VEGETABLE AND FLOWER PRODUCTION 53

    8 GROW LIGHTS MARKET, BY LIGHTING TYPE 54

    8.1 INTRODUCTION 55

    8.2 TOPLIGHTING 56

    8.2.1 TOPLIGHTING—WIDELY USED LIGHTING TYPE IN INDOOR FARMING 56

    8.3 INTERLIGHTING 57

    8.3.1 INTERLIGHTING TO REGISTER HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD 57

    9 GROW LIGHTS MARKET, BY INSTALLATION TYPE 58

    9.1 INTRODUCTION 59

    9.2 NEW INSTALLATIONS 60

    9.2.1 GROWING ADOPTION OF VERTICAL FARMING BOOST NEW INSTALLATIONS OF GROW LIGHTS 60

    9.3 RETROFIT INSTALLATIONS 61

    9.3.1 RETROFITTING INSTALLATION OF GROW LIGHTS HELP SAVE ENERGY, IMPROVE PLANT QUALITY, AND REDUCE MAINTENANCE COST 61

    10 GROW LIGHTS MARKET, BY OFFERING 62

    10.1 INTRODUCTION 63

    10.2 HARDWARE 64

    10.2.1 BULBS AND FIXTURES, METAL REFLECTORS, REFLECTIVE FILMS, AND BALLASTS ARE KEY HARDWARE COMPONENTS OF GROW LIGHT SYSTEM 64

    10.3 SOFTWARE & SERVICES 65

    10.3.1 SOFTWARE & SERVICES SEGMENT TO EXHIBIT HIGHER CAGR IN GROW LIGHT MARKET DURING 2020–2025 65

    11 GROW LIGHTS MARKET, BY APPLICATION 66

    11.1 INTRODUCTION 67

    11.2 COMMERCIAL GREENHOUSE 69

    11.2.1 COMMERCIAL GREENHOUSE USE GROW LIGHTS TO ACHIEVE HIGHER YIELD 69

    11.3 VERTICAL FARMING 70

    11.3.1 OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING 70

    11.4 INDOOR FARMING 71

    11.4.1 RISE IN GLOBAL POPULATION AND INCREASING REQUIREMENT FOR FOOD ACCELERATE DEMAND FOR GROW LIGHTS IN INDOOR FARMING 71

    11.5 OTHERS 72

    12 GEOGRAPHIC ANALYSIS 74

    12.1 INTRODUCTION 75

    12.2 NORTH AMERICA 76

    12.2.1 US 79

    12.2.1.1 Presence of various manufacturers of grow light systems foster growth of grow lights market in US 79

    12.2.2 CANADA 80

    12.2.2.1 Utilization of grow lights for cultivation of medical marijuana induce greater demand in Canada 80

    12.2.3 MEXICO 81

    12.2.3.1 Extensive use of grow lights in tomato cultivation to accelerate their demand in Mexico 81

    12.3 EUROPE 81

    12.3.1 UK 84

    12.3.1.1 Large-scale indoor farming practices in UK to boost demand for grow lights 84

    12.3.2 GERMANY 85

    12.3.2.1 High adoption of grow lights in large-scale commercial greenhouses to fuel requirement for grow lights 85

    12.3.3 NETHERLANDS 85

    12.3.3.1 Robust Presence of agriculture industry and key market players in country to augment growth of grow lights market 85

    12.3.4 SCANDINAVIA 86

    12.3.4.1 Rapid adoption of grow lights in indoor farming and greenhouse applications to stimulate market growth in Scandinavian countries 86

    12.3.5 REST OF EUROPE 87

    12.4 APAC 87

    12.4.1 CHINA 90

    12.4.1.1 Surging demand for high-quality fruits and vegetables to encourage use of grow lights in China 90

    12.4.2 JAPAN 90

    12.4.2.1 Shortage of arable land in country to induce demand for grow lights 90

    12.4.3 AUSTRALIA 91

    12.4.3.1 Less rainfall, along with legalization of cannabis, to facilitate use of grow lights for horticulture in Australia 91

    12.4.4 REST OF APAC 92

    12.5 REST OF THE WORLD 92

    12.5.1 SOUTH AMERICA 94

    12.5.1.1 Vertical coffee farm in Brazil to provide lucrative opportunities for grow lights market 94

    12.5.2 MIDDLE EAST 95

    12.5.2.1 Lack of fertile land in Middle East encouraging adoption of grow lights 95

    12.5.3 AFRICA 96

    12.5.3.1 Deficiency of sunlight in long monsoon season in Africa promote implementation of grow lights 96

    13 COMPETITIVE LANDSCAPE 97

    13.1 OVERVIEW 97

    13.2 RANKING ANALYSIS OF KEY PLAYERS IN GROW LIGHTS MARKET 98

    13.3 COMPETITIVE SITUATIONS AND TRENDS 99

    13.3.1 PRODUCT LAUNCHES AND DEVELOPMENTS 99

    13.3.2 CONTRACTS 101

    13.3.3 COLLABORATIONS 101

    13.4 COMPETITIVE LEADERSHIP MAPPING, 2019 102

    13.4.1 VISIONARY LEADERS 102

    13.4.2 DYNAMIC DIFFERENTIATORS 102

    13.4.3 INNOVATORS 102

    13.4.4 EMERGING COMPANIES 102

    14 COMPANY PROFILES 104

    14.1 KEY PLAYERS 104

    (Business overview, Products/solutions/services offered, Recent developments, SWOT analysis, and MnM view)*

    14.1.1 SIGNIFY HOLDING 104

    14.1.2 GAVITA INTERNATIONAL B.V. 109

    14.1.3 GENERAL ELECTRIC COMPANY 111

    14.1.4 OSRAM GMBH 114

    14.1.5 HELIOSPECTRA AB 117

    14.1.6 IWASAKI ELECTRIC CO., LTD. 120

    14.1.7 ILLUMITEX 122

    14.1.8 HORTILUX SCHRÉDER 124

    14.1.9 CALIFORNIA LIGHTWORKS 125

    14.1.10 ZUZI TECHNOLOGY 126

    14.2 OTHER IMPORTANT PLAYERS 127

    14.2.1 AEROFARMS 127

    14.2.2 EMIUM LLC 127

    14.2.3 INDULUX TECHNOLOGIES 128

    14.2.4 VALOYA 128

    14.2.5 KESSIL 129

    *Details on Business overview, Products/solutions/services offered, Recent developments, SWOT analysis, and MnM view might not be captured in case of unlisted companies.

    14.3 KEY INNOVATORS 129

    14.3.1 THRIVE AGRITECH 129

    14.3.2 VIVIDGRO (SUBSIDIARY OF LIGHTING SCIENCE GROUP CORPORATION) 130

    14.3.3 BOWERY FARMING, INC. 130

    14.3.4 METROPOLIS FARMS 131

    14.3.5 CROP ONE HOLDINGS 131

    15 APPENDIX 132

    15.1 OTHER INSIGHTS FROM INDUSTRY EXPERTS 132

    15.2 DISCUSSION GUIDE 133

    15.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 136

    15.4 AVAILABLE CUSTOMIZATIONS 138

    15.5 RELATED REPORTS 138

    15.6 AUTHOR DETAILS 139

List Of Tables
in Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025

LIST OF TABLES


TABLE 1 EFFECTS OF DIFFERENT SPECTRUMS OF GROW LIGHTS ON DIFFERENT TYPES OF PLANTS 41

TABLE 2 GROW LIGHTS MARKET, BY WATT, 2017–2025 (USD MILLION) 51

TABLE 3 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 52

TABLE 4 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 53

TABLE 5 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2017–2025 (USD MILLION) 55

TABLE 6 GROW LIGHTS MARKET FOR TOPLIGHTING, BY REGION,

2017–2025 (USD MILLION) 56

TABLE 7 GROW LIGHTS MARKET FOR INTERLIGHTING, BY REGION,

2017–2025 (USD MILLION) 57

TABLE 8 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2017–2025 (USD MILLION) 60

TABLE 9 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION,

2017–2025 (USD MILLION) 60

TABLE 10 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION,

2017–2025 (USD MILLION) 61

TABLE 11 GROW LIGHTS MARKET, BY OFFERING, 2017–2025 (USD MILLION) 64

TABLE 12 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2017–2025 (USD MILLION) 64

TABLE 13 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION,

2017–2025 (USD MILLION) 65

TABLE 14 GROW LIGHTS MARKET, BY APPLICATION, 2017–2025 (USD MILLION) 68

TABLE 15 GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSE, BY WATT,

2017–2025 (USD MILLION) 69

TABLE 16 GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSE, BY REGION,

2017–2025 (USD MILLION) 70

TABLE 17 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATT,

2017–2025 (USD MILLION) 71

TABLE 18 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION,

2017–2025 (USD MILLION) 71

TABLE 19 GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATT,

2017–2025 (USD MILLION) 72

TABLE 20 GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION,

2017–2025 (USD MILLION) 72

TABLE 21 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATT,

2017–2025 (USD MILLION) 73

TABLE 22 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION,

2017–2025 (USD THOUSAND) 73

TABLE 23 GROW LIGHTS MARKET, BY REGION, 2017–2025 (USD MILLION) 75

TABLE 24 GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY,

2017–2025 (USD MILLION) 77

TABLE 25 GROW LIGHTS MARKET IN NORTH AMERICA, BY LIGHTING TYPE,

2017–2025 (USD MILLION) 78

TABLE 26 GROW LIGHTS MARKET IN NORTH AMERICA, BY INSTALLATION TYPE,

2017–2025 (USD MILLION) 78

TABLE 27 GROW LIGHTS MARKET IN NORTH AMERICA, BY OFFERING,

2017–2025 (USD MILLION) 78

TABLE 28 GROW LIGHTS MARKET IN NORTH AMERICA, BY APPLICATION,

2017–2025 (USD MILLION) 79

TABLE 29 GROW LIGHTS MARKET IN US, BY APPLICATION, 2017–2025 (USD MILLION) 79

TABLE 30 GROW LIGHTS MARKET IN CANADA, BY APPLICATION, 2017–2025 (USD MILLION) 80

TABLE 31 GROW LIGHTS MARKET IN MEXICO, BY APPLICATION, 2017–2025 (USD MILLION) 81

TABLE 32 GROW LIGHTS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION) 83

TABLE 33 GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE,

2017–2025 (USD MILLION) 83

TABLE 34 GROW LIGHTS MARKET IN EUROPE, BY INSTALLATION TYPE,

2017—2025 (USD MILLION) 83

TABLE 35 GROW LIGHTS MARKET IN EUROPE, BY OFFERING, 2017–2025 (USD MILLION) 83

TABLE 36 GROW LIGHTS MARKET IN EUROPE, BY APPLICATION, 2017–2025 (USD MILLION) 84

TABLE 37 GROW LIGHTS MARKET IN UK, BY APPLICATION, 2017–2025 (USD MILLION) 84

TABLE 38 GROW LIGHTS MARKET IN GERMANY, BY APPLICATION,

2017–2025 (USD MILLION) 85

TABLE 39 GROW LIGHTS MARKET IN NETHERLANDS, BY APPLICATION,

2017–2025 (USD MILLION) 86

TABLE 40 GROW LIGHTS MARKET IN SCANDINAVIA, BY APPLICATION,

2017–2025 (USD MILLION) 86

TABLE 41 GROW LIGHTS MARKET IN REST OF EUROPE, BY APPLICATION,

2017–2025 (USD MILLION) 87

TABLE 42 GROW LIGHTS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION) 88

TABLE 43 GROW LIGHTS MARKET IN APAC, BY LIGHTING TYPE, 2017–2025 (USD MILLION) 89

TABLE 44 GROW LIGHTS MARKET IN APAC, BY INSTALLATION TYPE,

2017–2025 (USD MILLION) 89

TABLE 45 GROW LIGHTS MARKET IN APAC, BY OFFERING, 2017–2025 (USD MILLION) 89

TABLE 46 GROW LIGHTS MARKET IN APAC, BY APPLICATION, 2017–2025 (USD MILLION) 89

TABLE 47 GROW LIGHTS MARKET IN CHINA, BY APPLICATION, 2017–2025 (USD MILLION) 90

TABLE 48 GROW LIGHTS MARKET IN JAPAN, BY APPLICATION, 2017–2025 (USD MILLION) 91

TABLE 49 GROW LIGHTS MARKET IN AUSTRALIA, BY APPLICATION,

2017–2025 (USD MILLION) 91

TABLE 50 GROW LIGHTS MARKET IN REST OF APAC, BY APPLICATION,

2017–2025 (USD MILLION) 92

TABLE 51 GROW LIGHTS MARKET IN ROW, BY COUNTRY, 2017–2025 (USD MILLION) 93

TABLE 52 GROW LIGHTS MARKET IN ROW, BY LIGHTING TYPE, 2017–2025 (USD MILLION) 93

TABLE 53 GROW LIGHTS MARKET IN ROW, BY INSTALLATION TYPE,

2017–2025 (USD MILLION) 94

TABLE 54 GROW LIGHTS MARKET IN ROW, BY OFFERING, 2017–2025 (USD MILLION) 94

TABLE 55 GROW LIGHTS MARKET IN ROW, BY APPLICATION, 2017–2025 (USD MILLION) 94

TABLE 56 GROW LIGHTS MARKET IN SOUTH AMERICA, BY APPLICATION,

2017–2025 (USD THOUSAND) 95

TABLE 57 GROW LIGHTS MARKET IN MIDDLE EAST, BY APPLICATION,

2017–2025 (USD MILLION) 96

TABLE 58 GROW LIGHTS MARKET IN AFRICA, BY APPLICATION,

2017–2025 (USD THOUSAND) 96

TABLE 59 PRODUCT LAUNCHES AND DEVELOPMENTS, 2019–2020 99

TABLE 60 CONTRACTS, 2019–2020 101

TABLE 61 COLLABORATIONS, 2019 101

List Of Figures, Charts and Diagrams
in Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025

LIST OF FIGURES


FIGURE 1 GROW LIGHTS MARKET SEGMENTATION 16

FIGURE 2 GROW LIGHTS MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 19

FIGURE 3 GROW LIGHTS MARKET: RESEARCH DESIGN 20

FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/ SERVICES OFFERED IN GROW LIGHTS MARKET 24

FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ADOPTION LEVEL OF GROW LIGHTS BY DIFFERENT END USERS 25

FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 26

FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 26

FIGURE 8 DATA TRIANGULATION 27

FIGURE 9 RETROFIT INSTALLATIONS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD 29

FIGURE 10 VERTICAL FARMING TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET DURING FORECAST PERIOD 30

FIGURE 11 TOPLIGHTING EXPECTED TO CONTINUE TO HOLD LARGER MARKET SIZE DURING 2020–2025 31

FIGURE 12 EUROPE ACCOUNTED FOR LARGEST SHARE OF GROW LIGHTS MARKET IN 2019 32

FIGURE 13 SCENARIO ANALYSIS, 2020–2025 33

FIGURE 14 INCREASING ADOPTION OF CONTROLLED ENVIRONMENT AGRICULTURE IN URBAN AREAS DRIVE DEMAND FOR GROW LIGHTS 34

FIGURE 15 MARKET FOR INDOOR FARMING EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 34

FIGURE 16 COMMERCIAL GREENHOUSE AND NETHERLANDS HELD LARGEST SHARE OF EUROPEAN GROW LIGHTS MARKET, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020 35

FIGURE 17 INTERLIGHTING TO RECORD HIGHER CAGR IN EUROPEAN GROW LIGHTS MARKET DURING FORECAST PERIOD 35

FIGURE 18 APAC TO EXHIBIT HIGHEST CAGR IN GROW LIGHTS MARKET DURING 2020–2025 36

FIGURE 19 GROW LIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 37

FIGURE 20 IMPACT ANALYSIS: DRIVERS 40

FIGURE 21 IMPACT ANALYSIS: RESTRAINTS 42

FIGURE 22 IMPACT ANALYSIS: OPPORTUNITIES 44

FIGURE 23 IMPACT ANALYSIS: CHALLENGES 46

FIGURE 24 VALUE CHAIN ANALYSIS: GROW LIGHTS MARKET 47

FIGURE 25 GROW LIGHTS MARKET, BY WATT 51

FIGURE 26 >300 WATT SEGMENT TO LEAD GROW LIGHTS MARKET DURING FORECAST PERIOD 51

FIGURE 27 GROW LIGHTS MARKET, BY LIGHTING TYPE 55

FIGURE 28 TOPLIGHTING EXPECTED TO HOLD LARGER SIZE OF GROW LIGHTS MARKET DURING FORECAST PERIOD 55

FIGURE 29 GROW LIGHTS MARKET, BY INSTALLATION TYPE 59

FIGURE 30 RETROFIT INSTALLATIONS TO EXHIBIT HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD 59

FIGURE 31 GROW LIGHTS MARKET, BY OFFERING 63

FIGURE 32 SOFTWARE & SERVICES SEGMENT TO EXHIBIT HIGHER GROWTH RATE IN GROW LIGHTS MARKET DURING FORECAST PERIOD 63

FIGURE 33 GROW LIGHTS MARKET, BY APPLICATION 67

FIGURE 34 VERTICAL FARMING TO HOLD LARGEST SIZE OF GROW LIGHTS MARKET DURING FORECAST PERIOD 68

FIGURE 35 GROW LIGHTS MARKET, BY GEOGRAPHY 75

FIGURE 36 GROW LIGHTS MARKET IN NORTH AMERICA 76

FIGURE 37 SNAPSHOT: GROW LIGHTS MARKET IN NORTH AMERICA, 2019 77

FIGURE 38 GROW LIGHTS MARKET IN EUROPE 82

FIGURE 39 SNAPSHOT OF GROW LIGHTS MARKET IN EUROPE, 2019 82

FIGURE 40 GROW LIGHTS MARKET IN APAC 87

FIGURE 41 SNAPSHOT OF GROW LIGHTS MARKET IN APAC, 2019 88

FIGURE 42 GROW LIGHTS MARKET IN ROW 93

FIGURE 43 KEY GROWTH STRATEGIES, 2017–2020 97

FIGURE 44 GROW LIGHTS MARKET: RANKING OF KEY COMPANIES 98

FIGURE 45 GROW LIGHTS MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019 103

FIGURE 46 SIGNIFY HOLDING: COMPANY SNAPSHOT 104

FIGURE 47 GENERAL ELECTRIC COMPANY: COMPANY SNAPSHOT 111

FIGURE 48 OSRAM GMBH: COMPANY SNAPSHOT 114

FIGURE 49 HELIOSPECTRA AB: COMPANY SNAPSHOT 117

FIGURE 50 IWASAKI ELECTRIC CO., LTD.: COMPANY SNAPSHOT 120

Additional Details

Publisher

MarketsandMarkets

Publisher Information

Reference

261014 | SE 4140

Number of Pages

140

Report Format

PDF

MarketsandMarkets Reports

Related Reports

TitleDate PublishedPrice fromMore Details
Electrical Testing Services Market: Protection Testing Segment to Grow at a Significant CAGR from 2016 to 2026: India Industry Analysis and Opportunity Assessment, 2016-2026
Electrical testing services is a type of examination that involves a thorough inspection, scrutiny a...
12 Dec 2017 by Future Market Insights USD $1,500 More Info
Poultry Keeping Machinery Market: Revenue Contribution from the Feeding Product Type Segment Anticipated to Grow 1.4X by 2026 End: Global Industry Analysis and Opportunity Assessment, 2016 - 2026
Demand for poultry keeping machinery is likely to remain moderate in futurePoultry keeping machinery...
07 Dec 2017 by Future Market Insights USD $5,000 More Info
Smart Agriculture Market by Agriculture Type (Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse), Hardware (GPS, Drones, Sensors, RFID, LED Grow Lights), Software, Services, Application, and Geography - Global Forecast to 2022
“Increasing application of technologies in agriculture and government’s support to adopt modern agri...
21 Mar 2017 by MarketsandMarkets USD $5,650 More Info
Metalworking Fluids Market: APEJ Regional Market Anticipated to Grow Above the Global Average During the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016-2026
Our research indicates APEJ to be a region of high growth in the global metalworking fluids market o...
20 Mar 2017 by Future Market Insights USD $5,000 More Info
Flight Tracking System Market: Sales of ADS-B Systems Projected to Grow 5X over the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016-2026
ADS-B segment is expected to witness robust growth over the forecast periodThe ADS-B segment by syst...
14 Mar 2017 by Future Market Insights USD $5,000 More Info
Branded Generics Market: Oncology Therapeutic Application Segment Expected to Grow Significantly in Developed Markets over the Forecast Period: Global Industry Analysis & Opportunity Assessment, 2016 –2026
Increasing prevalence of chronic and lifestyle diseases expected to create demand for branded generi...
13 Jan 2017 by Future Market Insights USD $5,000 More Info
Storage Area Network (SAN) Market: Asia Pacific Expected to Grow with the Highest CAGR over the Forecast Period: Global Industry Analysis and Opportunity Assessment 2016-2026
Regional competition to heat up the global storage area network market in the next 10 yearsThe world...
04 Jan 2017 by Future Market Insights USD $5,000 More Info
JP Giants leaning in for becoming a Speciality Global Pharma Sakigake designation – A Push from government to “Innovate”! “Essential drugs” exemption from Z2 rule- Balancing long listed pricing pressure! Authorized Generics, Biosimilars, and Patent Litigations - Avenues to grow in JP Generic market!
Sakigake designation – A Push from government to “Innovate”!“Essential drugs” exemption from Z2 rule...
10 Mar 2016 by MP Advisors USD $2,500 More Info
Smart Greenhouse Market by Technology (HVAC, LED Grow Light, Communication Technology, Irrigation System, Material Handling, Valves & Pumps, Control System, and Others), Type (Hydroponic, Non-hydroponic), and Geography - Forecast to 2020
A greenhouse is a structure used for growing plants in a controlled environment. The rise in populat...
20 Jul 2015 by MarketsandMarkets USD $5,650 More Info
LED Grow Light Market by Wattage, Type of Installation (New, Retrofit), Spectrum (Partial, Full), Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, and Others), and Geography - Forecast to 2020
Light-Emitting Diode (LED) grow light is a specialized kind of LED lighting system, which is witness...
14 Jul 2015 by MarketsandMarkets USD $5,650 More Info

This report is published by MarketsandMarkets

Download Free Report Summary PDF

Grow Lights Market by Offering (Hardware, and Software & Services), Installation Type (New and Retrofit), Application (Commercial Greenhouses, Vertical Farming, Indoor Farming, and Others), Lighting Type, Watt, and Geography - Global Forecast to 2025 | Download PDF Summary

Download our FREE report summary PDF. It contains all the information on these web pages, plus a Proforma Invoice request form, should you need it to satisfy your company's internal order procedures.

Ordering Information

Orders are processed immediately and you will be notified of the despatch date on confirmation of your order.

Accepted Card Types

Payment

Buy now using our secure payment system.

We Stock...