Grow Light Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Grow Light Market covers analysis By Technology (High Intensity Discharge (HID) Lights, Light Emitting Diodes (LEDs), Fluorescent Lights, Light Emitting Plasma Grow lights (LEPs), and Induction Lights); Installation (New and Retrofit); and Application (Indoor Farming, Vertical Farming, Commercial Green Houses, and Rooftop Farming), and Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPTE100001176
  • Category : Electronics and Semiconductor
  • No. of Pages : 150
Buy Now

Grow Light Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Buy Now

A grow light is an artificial source of light energy that is particularly designed to stimulate and control the growth of seeds and plants by discharging an electro-magnetic spectrum for photosynthesis. Grow light is normally utilized in applications where additional light is required or where natural light is not available. It is a kind of electronic lamp designed for accelerating the growth of the plant by electronic magnetic spectrum.

Rising attractiveness of commercial greenhouses to cultivate plants and development in indoor farming methods are the key factors that are driving the grow light market. Automation in commercial greenhouses is growing considerably and has helped farmers to maximize their yield by utilizing grow lights. However, high cost of capital and less awareness among consumers, are the factors hampering the growth of the market. Whereas, low power consumption, high commercial greenhouse practices, and high reliability are also driving the growth of the grow light market.

The "Global Grow Light Market Analysis to 2028" is a specialized and in-depth study of the grow light industry with a focus on the global market trend. The report aims to provide an overview of global grow light market with detailed market segmentation by technology, installation, application, and geography. The global grow light market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global grow light market based on technology, installation and application. It also provides market size and forecast till 2028 for overall grow light market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.

Also, key grow light market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Osram LichtAG, General Electric Company, Iwasaki Electric Co., Ltd., LumiGrow, Inc., Gavita Holland B.V., Sunlight Supply, Inc., Heliospectra AB, Royal Philips, Illumitex Inc., and Transcend Lighting Inc. (U.S.) among others. REGIONAL FRAMEWORK

Grow Light Market Report Analysis

Grow Light Market

  • CAGR (2023 - 2031)
    XX%
  • Market Size 2023
    US$ XX Million
  • Market Size 2031
    US$ XX Million

Report Coverage

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Key future trends
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Industry landscape and competition analysis & recent developments
  • Detailed company profiles
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

  • Osram LichtAG
  • General Electric Company
  • Iwasaki Electric Co., Ltd.
  • LumiGrow, Inc.
  • Gavita Holland B.V.
  • Sunlight Supply, Inc.
  • Heliospectra AB
  • Royal Philips
  • Illumitex Inc.

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

By Technology
  • High Intensity Discharge
By installation
  • New and Retrofit
By Application
  • Indoor Farming
  • Vertical Farming
  • Commercial Green Houses
  • Rooftop Farming
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
MARKET PLAYERS

Grow Light Market Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Technology
  • High Intensity Discharge
By installation
  • New and Retrofit
By Application
  • Indoor Farming
  • Vertical Farming
  • Commercial Green Houses
  • Rooftop Farming
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Osram LichtAG
  • General Electric Company
  • Iwasaki Electric Co., Ltd.
  • LumiGrow, Inc.
  • Gavita Holland B.V.
  • Sunlight Supply, Inc.
  • Heliospectra AB
  • Royal Philips
  • Illumitex Inc.
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    This text is related
    to segments covered.

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    This text is related
    to country scope.

    List of Companies

    1. Osram LichtAG
    2. General Electric Company
    3. Iwasaki Electric Co., Ltd.
    4. LumiGrow, Inc.
    5. Gavita Holland B.V.
    6. Sunlight Supply, Inc.
    7. Heliospectra AB
    8. Royal Philips
    9. Illumitex Inc.
    10. Transcend Lighting Inc.

    Trends and growth analysis reports related to Electronics and Semiconductor : READ MORE..