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The future of the grow light market looks promising with opportunities in the indoor farming, commercial greenhouse, and vertical farming applications. The global grow light market is expected to grow with a CAGR of 20% to 22% from 2020 to 2025. The major growth drivers for this market are increasing demand for indoor farming in urban areas and increasing government support towards the adoption of LED lights.
 
A total of XX figures / charts and XX tables are provided in more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of grow light market report download the report brochure.
 
 grow light
 
Growth in various segments of the grow light market are given below:
 
 grow light
 
The study includes trends and forecast for the global grow light market by light source, installation type, application and region as follows:
 
By Light Source [$M shipment analysis for 2014 – 2025]:
  • HID
  • LED 
  • Fluorescent
By Installation Type [$M shipment analysis for 2014 – 2025]:
  • New Installation
  • Retrofit
By Application [$M shipment analysis for 2014 – 2025]:
  • Indoor Farming 
  • Commercial Greenhouse 
  • Vertical Farming 
  • Others
By Region [$M shipment analysis for 2014 – 2025]:
  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • Germany
  • UK
  • Italy
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of the World
Some of the grow light manufacturers profiled in this report include, Koninklijke Philips N.V., Osram Licht AG, General Electric Company, Heliospectra AB, Dool Industries, Illumitex Inc., Gavita International B.V., Lumigrow Inc., Iwasaki Electric Co. Ltd., Sunlight Supply Inc., Hydrofarm Inc., and Fluence Bioengineering Inc. 
 
In this market, High intensity Discharge (HID) lights, Light Emitting Diodes (LED), and fluorescent are the major sources used.
 
Within this market, commercial greenhouse is expected to remain the largest application over the forecast period due to increased automation in the last decade of its and the concept of controlled environment agriculture (CEA) is being implemented in greenhouses to maintain optimum growing conditions and obtain a higher yield. 
 
Europe is expected to remain largest market during the forecast period due to the growing awareness regarding the importance of alternative farming, owing to the less availability of fertile agricultural land and increasing population.
 
 
Features of the Global Grow Light Market
 
  • Market Size Estimates: Global grow light market size estimation in terms of value ($M) shipment.
  • Trend and Forecast Analysis: Market trend (2014-2019) and forecast (2020-2025) by various segments and regions.
  • Segmentation Analysis: Global grow light market size by various segments, such as light source, installation type, application, in terms of value.
  • Regional Analysis: Global grow light market breakdown by the North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different light source, installation type, application, and region for the global grow light market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global grow light market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
 
 
 
This report answers following key questions
 
Q.1 What are some of the most promising potential, high-growth opportunities for the grow light market by light source (HID, LED, fluorescent), installation type (new installation, retrofit), application (indoor farming, commercial greenhouse, vertical farming, and others) and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW))?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the grow light market?
Q.6 What are emerging trends in grow light market and the reasons behind them?
Q.7 What are some changing demands of customers in the grow light market?
Q.8 What are the new developments in the grow light market? Which companies are leading these developments?
Q.9 Who are the major players in this grow light market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this grow light market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this, grow light market?
 
 
Report Scope

Key Features Description
Base Year for Estimation 2019
Trend Period
(Actual Estimates)
2014-2019
Forecast Period 2020-2025
Pages More than 150
Market Representation / Units Revenue in US $ Million
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger, Acquisitions & Joint Venture, and Company Profiling
Market Segments by Light Source (HID, LED, Fluorescent), Installation Type (New Installation, Retrofit), Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, and Others)
Regional Scope North America (USA, Mexico, and Canada), Europe (UK, Germany, and Italy), Asia (China, India, Japan, South Korea), and ROW
Customization 10% Customization without Any Additional Cost

Table of Contents
 
 
1. Executive Summary
 
2. Market Background and Classification
2.1: Introduction, Background, and Classification
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2014 to 2025
3.1: Macroeconomic Trends and Forecast
3.2: Global Grow Light Market Trends and Forecast
3.3: Global Grow Light Market by Light Source
3.3.1: HID 
3.3.2: LED 
3.3.3: Fluorescent 
3.4: Global Grow Light Market by Installation Type 
3.4.1: New Installation
3.4.2: Retrofit
3.5: Global Grow Light Market by Application
3.5.1: Indoor Farming
3.5.2: Commercial Greenhouse
3.5.3: Vertical Farming
3.5.4: Others
 
4. Market Trends and Forecast Analysis by Region
4.1: Global Grow Light Market by Region
4.2: North American Grow Light Market
4.2.1: Market by Light Source: HID, LED, and Fluorescent
4.2.2: Market by Installation Type: New Installation, Retrofit
4.2.3: Market by Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Others
4.2.4: United States Grow Light Market
4.2.5: Canadian Grow Light Market
4.2.6: Mexican Grow Light Market
4.3: European Grow Light Market 
4.3.1: Market by Light Source: HID, LED, and Fluorescent
4.3.2: Market by Installation Type: New Installation, Retrofit
4.3.3: Market by Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Others
4.3.4: Germany Grow Light Market
4.3.5:UK Grow Light Market
4.3.6: Italy Grow Light Market
4.4: APAC Grow Light Market
4.4.1: Market by Light Source: HID, LED, and Fluorescent
4.4.2: Market by Installation Type: New Installation, Retrofit
4.4.3: Market by Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Others 
4.4.4: China Grow Light Market
4.4.5: Japan Grow Light Market
4.4.6: South Korea Grow Light Market
4.4.7: India Grow Light Market
4.5: ROW Grow Light Market
4.5.1: Market by Light Source: HID, LED, and Fluorescent
4.5.2: Market by Installation Type: New Installation, Retrofit
4.5.3: Market by Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Operational Integration
5.4: Geographical Reach
5.5: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for Global Grow Light Market by Light Source
6.1.2: Growth Opportunities for Global Grow Light Market by Installation Type
6.1.3: Growth Opportunities for Global Grow Light Market by Application
6.1.4: Growth Opportunities for Global Grow Light Market by Region
6.2: Emerging Trends in Global Grow Light Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of Global Grow Light Market
6.3.3: Mergers, Acquisitions and Joint Ventures in the Global Grow Light Market
 
7. Company Profiles of Leading Players
7.1: Koninklijke Philips N.V
7.2: Osram Licht AG
7.3: General Electric Company
7.4: Heliospectra AB
7.5: Dool Industries
7.6: Illumitex Inc
7.7: Gavita International B.V
7.8: Lumigrow Inc
7.9: Iwasaki Electric Co. Ltd
7.10: Sunlight Supply Inc
7.11: Hydrofarm Inc
7.12: Fluence Bioengineering Inc
 
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Full Report: Grow Light Market: Trends, Forecast and Competitive Analysis Full Report $ 4,850
150 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Below is a brief summary of the primary interviews that were conducted by job function for this report.
 

 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.