Grow Lights Market

Grow Lights Market by Technology (HID, Fluorescent, LED, Induction, and Plasma), Type of Installation (New and Retrofit), Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Research), and Geography - Global Forecast to 2022

Report Code: SE 4140 Mar, 2017, by marketsandmarkets.com
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The grow lights market was valued at USD 2.50 billion in 2016 and is expected to reach USD 5.11 billion by 2022, at a CAGR of 11.86 % during the forecast period. Grow lights can be efficiently used to grow crops and vegetables indoors in any season. However, these crops would require artificial lighting for photosynthesis, which may not be favorable in a particular region due to extreme climatic conditions.

The figure below shows the breakdown of the primaries, on the basis of company type, designation, and region, conducted during the research study.

Grow Lights Market

To know about the assumptions considered for the study, download the pdf brochure

Grow Lights Market Dynamics

Growth in indoor farming practices

Indoor farming is not dependent on soil and external climatic conditions; it is a form of plant production in which plants are grown indoors by utilizing artificial light sources such as high pressure sodium lamps (HPS), metal halide, and LED, among others. This allows regular plant growth, without being much affected by environmental factors such as storms and extreme temperatures. In addition, indoor farming enables to keep away plants from insects and pests, thereby reducing the usage of harmful pesticides. Indoor farming first originated in Denmark in 1957, due to lack of sunshine for growing plants. Similarly, such factories were setup in Japan, the U.S., and the Netherlands in the later years.

However, due to the lack of suitable technology to obtain sufficient yield and excessive operating costs, indoor farms have failed to gain popularity. Earlier, indoor farms used HID lamps as the main source of lights for plants, which were high on electricity consumption and heat emission. The development of the LED technology for grow lights is now allowing growers to cultivate plants indoors while keeping the electricity consumption at a minimum level. On the other hand, fluorescent grow light is a cost-effective alternative to LED grow lights; however, their light output is suited for only some types of plants. LED grow lights are proving to be far more beneficial as their light spectrum can be adjusted to suit the plant requirements and can provide higher returns on investment over a longer term.

The need for indoor farming is expected to rise across the world, especially in the urban areas, in the near future. According to the estimates of the United Nations, nearly 80% of the world’s population would be residing in cities and metropolitan regions by 2050. The land available for cultivation would not be sufficient to meet the rising demand of the urban population.

Also, as the distance between cities and farms increases, the logistics costs would drive up the prices for fresh vegetables. To counter all these effects, plants would need to be grown within the confines of the cities. LED grow light manufacturers have started working with commercial growers to setup industrial-scale indoor farms in cities. General Electric (U.S.) is providing LED lighting systems to Mirai, Inc. (Japan) for its plant factory in the Miyagi Prefecture, Japan.

Royal Philips (Netherlands) is working with growers in the Netherlands and Japan for the development of full-scale indoor plant production facilities. Looking at all these developments, indoor farms are expected to increase in number with the rise in urban population. This, in turn, would drive the market for LED grow lights.

High costs of energy-efficient and better quality grow lights

The use of grow lights is increasing with the rising awareness about their benefits. Different sources of artificial lights have been used to grow plants indoor. Earlier, HPS and electric ballasts were widely used for indoor farming, which were effective light sources but power consuming. Nowadays, LEDs are in trend; these grow lights are overcoming the drawbacks of high pressure sodium (HPS), high -intensity discharge (HID) lights, and electric ballasts.

The initial capital required for the purchase of good-quality LED grow lights is higher compared to that of conventional lighting technologies such as FL and HID. This is mainly because each LED grow light unit contains arrays of LEDs, specially designed for horticultural applications. Often, these units contain different types of LEDs with variation in watts and wavelengths to provide a broad range of light spectrum and intensity for different types of plants.

High-powered LED grow lights are available in the market for prices starting from USD 500. A high-quality, full-spectrum LED grow light can be installed as the primary light source for commercial indoor growing and can cost around USD 2,000 or more, depending on the power output and other specifications. A high-powered induction grow light also costs USD 1,300 or more, whereas high-powered plasma grow light costs around USD 3,000.

The costs of these grow lights are higher compared to that of a 1,000 watt HPS light, which costs between USD 100 and USD 150 and provides sufficient light for photosynthesis. This significant price difference is restraining the growers to adopt energy-efficient grow light technologies such as LED, induction lighting, and plasma lighting.

However, advancements in the semiconductor technology and rising awareness about the long-term benefits of LEDs are creating a certain degree of interest in LED grow lights among the growers, especially for indoor applications. The LED grow light manufacturers have also started introducing new products with competitive pricing to encourage more number of growers to adopt this technology.

The objectives of the study of grow lights market report:

  • To define, describe, and forecast the grow lights market on the basis of technology, installation, application, and geography
  • To describe the spectrums used in grow lights
  • To forecast the market size of various segments with regard to four main regions—North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To use the Porter’s five forces model to gauge the entry barriers to this market, along with the analysis of the value chain and market roadmaps to study the evolution
  • To strategically analyze the micromarkets with respect to individual growth trends, future prospects, and contributions to the total market
  • To analyze the opportunities for stakeholders by identifying high-growth segments in the grow lights market
  • To strategically profile key players, comprehensively analyze their market share and core competencies, and detail the competitive landscape of the market
  • To analyze the competitive developments such as joint ventures, mergers and acquisitions, new product launches and developments, business expansions, and research and development (R&D) carried out in the grow lights market

This research study involves an extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the grow light market. To find the overall market size, top-down and bottom-up approaches have been used to estimate the sizes of other individual markets by using percentage splits from secondary sources such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource as well as with the help of primary research. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews of industry leaders such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market.

Grow Lights Market Ecosystem:

The grow lights market comprises key manufacturers such as Royal Philips (Netherlands), General Electric Company (U.S.), Osram Licht AG (Germany), Gavita Holland B.V. (Netherlands), LumiGrow, Inc. (U.S.), Heliospectra AB (Sweden), Transcend Lighting Inc. (U.S.), and Sunlight Supply Inc. (U.S.); and raw material suppliers such as Beacon Lighting India (India); end users such as Walters Garden, Inc. (U.S.), Green Sense Farms (U.S.), and Borst Bloembollen B.V. (Netherlands); and suppliers such as Shenzhen Juson Technology Co., Ltd. (China).

Grow Lights market Scope:

Report Metric

Details

Report Name

Grow Lights Market

Forecast period

2017–2022

Units

Value (USD)

Segments covered

Type, End User, Offerings, and Region

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

Royal Philips (Netherlands), General Electric Company (U.S.), Osram Licht AG (Germany), Gavita Holland B.V. (Netherlands), LumiGrow, Inc. (U.S.), Heliospectra AB (Sweden), Transcend Lighting Inc. (U.S.), and Sunlight Supply Inc. (U.S.)

Target Audience:

  • Grow Light Manufacturers
  • Grow Light Panel Technicians and Technologists
  • Research Organizations and Consulting Companies
  • Associations, Forums, and Alliances Related to Grow Lights Investors

“Study answers several questions for the target audiences, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Grow Lights Market Segmentation:

In this report, the overall grow lights market has been segmented on the basis of technology, installation, application, spectrum, and geography.

Grow Lights Market, By Spectrum:

  • Partial Spectrum
  • Full Spectrum

Grow Lights Market, By Technology:

  • High Intensity Discharge
  • Fluorescent Lighting
  • LED
  • Other Technologies

Grow Lights Market, By Installation:

  • Retrofit
  • New Installation

Grow Lights Market, By Application:

  • Vertical Farming
  • Indoor Farming
  • Commercial Greenhouse
  • Turf and Landscaping
  • Research
  • Others

Grow Lights Market, By Geography:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • U.K.
    • Germany
    • Netherlands
    • Scandinavia
    • Rest of Europe
  • APAC
    • China
    • Japan
    • Australia
    • New Zealand
    • Rest of APAC
  • RoW
    • Middle East and Africa
    • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report.

Company Information

  • Detailed analysis and profiling of additional market players (up to 10)

The grow lights market is expected to grow at a CAGR of 11.86 % between 2017 and 2022 to be valued at USD 5.11 billion by 2022.  Grow lights, especially LEDs are used in a wide range of farming-related applications, owing to the advantages they offer such as high reliability, low power consumption, and spectral intensity. The increasing commercial greenhouse and vertical farming practices, which require the use of different grow lights, are driving the growth of the overall market.    

This market is segmented on the basis of technology, installation, application, spectrum, and geography. The applications include vertical farming, indoor farming, commercial greenhouse, turf and landscaping, and research. Among all these applications, commercial greenhouse held the largest market share in 2016.

On the basis of technology, the grow lights market has been segmented into high-intensity discharge (HID), fluorescent lighting (FL), light emitting diode  and other lighting technologies (induction and plasma lighting). Traditional lighting technologies such as high-intensity discharge (HID) and fluorescent lighting (FL) are quite popular among commercial growers as well as hobbyists. LED grow light is a new technology in horticultural lighting and is proving to be far more effective than other lighting technologies. Though LED grow lights are expensive, their long-term benefits in terms of energy efficiency make them an ideal option for indoor plant cultivation.

The market on the basis of installation, has been segmented into retrofit and new installations. The market for retrofit installations is likely to hold a larger market share in the coming years. In the context of the grow lights market, retrofitting is defined as removing an existing grow light and installing a new one, either of the same lighting technology or of a different lighting technology. New installations are generally characterized by the expansion of existing facilities or setting up of a new facility, such as a new greenhouse or a vertical farm.

Grow Lights Market

Europe was the leading market for grow lights in 2016. Within Europe, the Netherlands is a leading exporter of horticultural produce, grown within its numerous automated commercial greenhouses. The concept of vertical farming is also gaining popularity in Europe. The rising population in Europe is a major driver for the increasing need to practice indoor horticulture in this region. Also, the severe cold in winters and insufficient sunlight in parts of Europe mandates indoor growing with the help of artificial lightings. North America was the second major market for grow lights in 2016. The emergence of vertical farms and the booming market for cannabis cultivation are driving the demand for grow lights in this region.

The initial capital required for the purchase of good-quality LED grow lights is higher compared to that of conventional lighting technologies such as FL and HID. This is mainly because each LED grow light unit contains arrays of LEDs, specially designed for horticultural applications. Often, these units contain different types of LEDs with variation in watts and wavelengths to provide a broad range of light spectrum and intensity for different types of plants. High-powered LED grow lights are available in the market for prices starting from USD 500. A high-powered induction grow light also costs USD 1,300 or more, whereas high-powered plasma grow light costs around USD 3,000. The costs of these grow lights are higher compared to that of a 1,000 watt HPS light, which costs between USD 100 and USD 150 and provides sufficient light for photosynthesis. This significant price difference is restraining the growers to adopt energy-efficient grow light technologies such as LED, induction lighting, and plasma lighting.

Royal Philips (Netherlands) holds a leading position in the grow lights market and is a recognized brand in the lighting and illumination business; it offers a diversified product portfolio for horticultural applications. The company has developed innovative products to cater to the horticultural lighting markets by combining its expertise in lighting technologies with inputs from plant psychologists. Its products come in a variety of shapes, with a range of lumen outputs, which are offered at various price points to suit a wide range of growers from hobbyists to commercial growers. The company mainly focuses on partnering and collaborating with other companies to grow in the LED grow lights market. For instance, Philips partnered with Dummen Orange (Netherlands) in 2016. This partnership is expected to benefit both the companies to exchange information as well as conduct experiments to understand the effects of LED Lighting on a variety of red roses and other crops. Philips offers its horticultural lighting solutions in all the major markets across the world with the help of its global distribution and servicing capabilities.

Commercial greenhouses and vertical farming are expected to be the two major application areas for grow lights during the forecast period

Commercial greenhouses have witnessed increased automation in the last decade, and the concept of controlled environment agriculture (CEA) is being implemented in the greenhouses to maintain optimum growing conditions and obtain a higher yield. The growers are gradually realizing the potential benefits of cultivating plants inside a greenhouse; this has contributed to the development of commercial greenhouses. LED grow lights can be easily programmed and integrated into the CEA setup within a greenhouse. Hence, growers with greater investment capabilities have started shifting toward LED grow lights from conventional lighting systems

Indoor Farming

The ever-growing population in the world is generating additional demand for food. The food production is not met adequately through indoor farming due to the changing climatic conditions. However, the technological advancements in grow lights are helping indoor farming to efficiently increase the crop yield. Grow light systems are installed as a primary source of light for indoor farming, as natural light is insufficient or completely absent.

Vertical Farming

Vertical farming is changing the outlook of food production. The increased use of LED grow lights is encouraging the cultivators to adopt vertical farming on a large scale. In vertical farming, plants are stacked in layers one above the other which helps in utilization of maximum space available. The consumers’ demand for high quality, locally developed food free from pesticide and other harmful chemicals is increasing. Many places in the world are facing space constraints owing to the said concerns, and the food prices are also high at these places. However, with the use of vertical farming methods, the yield can be produced even at a square foot area. It helps in harvesting a variety of crops for whole year in spite of the changing climatic conditions.

Commercial Greenhouse

Commercial greenhouses are constructed to practice horticulture in a protected environment to ensure an optimum yield. Greenhouses are designed in such a way that they can trap the natural sunlight and humidity and retain it, which makes it conducive to grow various types of plants. The plants can be grown either by using soil as a base or by using hydroponic technique. Plants grown in greenhouses are protected from external dirt, and with proper care, they can be protected from insects and pests as well. It helps obtain a greater yield in greenhouses and achieve profitability.
Turf and Landscaping

Turf and landscaping are mainly needed at golf courses, sports pitches, gardens, and other recreational amenities. In this application, grow lights are utilized to ensure uniformity in terms of plant growth, color, and shape of the leaves or grass. Even in malls, shopping complexes, parking lots, and residential and commercial buildings, grow lights can be used to stimulate the growth of ornamental plants. Grow light sources emit light with a uniform intensity within its coverage area, which is low on power consumption and is well-suited for landscaping application, especially for ornamental purposes

Key players in the market include Royal Philips (Netherlands), General Electric Company (U.S.), Osram Licht AG (Germany), Gavita Holland B.V. (Netherlands), LumiGrow, Inc. (U.S.), Heliospectra AB (Sweden), Transcend Lighting Inc. (U.S.), and Sunlight Supply Inc. (U.S.); and raw material suppliers such as Beacon Lighting India (India); end users such as Walters Garden, Inc. (U.S.), Green Sense Farms (U.S.), and Borst Bloembollen B.V. (Netherlands); and suppliers such as Shenzhen Juson Technology Co., Ltd. (China).

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the high growth applications for grow light market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Content

1 Introduction
    1.1 Study Objectives
    1.2 Market Definition and Scope
           1.2.1 Inclusions and Exclusions
    1.3 Study Scope
           1.3.1 Markets Covered
           1.3.2 Geographic Scope
           1.3.3 Years Considered
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary

4 Premium Insights

5 Market Overview
    5.1 Introduction
    5.2 Evolution of Grow Light Technologies
    5.3 Market Dynamics
           5.3.1 Drivers
           5.3.2 Restraints
           5.3.3 Opportunities
           5.3.4 Challenges
    5.4 Commonly Used Accessories in Grow Lights
           5.4.1 Bulbs and Fixtures
           5.4.2 Metal Reflectors & Reflective Films
           5.4.3 Ballasts
    5.5 Comparison of Grow Lights
    5.6 Crops Currently Grown Using Grow Lights
           5.6.1 Tomatoes
           5.6.2 Lettuce, Basil, and Mint
           5.6.3 Strawberries
           5.6.4 Cannabis
           5.6.5 African Violets
    5.7 Value Chain Analysis
           5.7.1 HID and FL Grow Lights
           5.7.2 LED Grow Lights

6 Spectrums Used for Grow Lights
    6.1 Introduction
    6.2 Passive Partial Spectrum
    6.3 Full Spectrum

7 Grow Lights Market, By Installation
    7.1 Introduction
    7.2 New Installations
    7.3 Retrofit

8 Grow Lights Market, By Technology
    8.1 Introduction
    8.2 High-Intensity Discharge
           8.2.1 High-Pressure Sodium Lamp
           8.2.2 Metal–Halide Lamp
           8.2.3 Others
                    8.2.3.1 Ceramic metal halide lamps
                    8.2.3.2 Combination MH and HPS lamps
                    8.2.3.3 conversion bulbs and switchable ballasts
    8.3 Fluorescent Lighting
           8.3.1 T5
           8.3.2 CFL
                    8.3.2.1 Color Type
                               8.3.2.1.1 White
                               8.3.2.1.2 Neutral White
    8.4 LED
           8.4.1 LED Based on Crop Type
                    8.4.1.1 Vegetative
                    8.4.1.2 Food and Flower
    8.5 Other Technologies
           8.5.1 Induction Lighting
           8.5.2 Plasma Lighting

9 Grow Lights Market, By Offering
    9.1 Introduction
    9.2 Hardware
    9.3 Software

10 Grow Lights Market, By Rating
     10.1 Introduction
     10.2 <300 Watt
     10.3 >300 Watt

11 Grow Lights Market, By Plant Type
     11.1 Introduction
     11.2 High Light Plants
     11.3 Low Light Plants

12 Grow Lights Market, By Device Type
     12.1 Introduction
     12.2 Top Lights
     12.3 Inter-Lights
     12.4 TLEDs
     12.5 Flowering Lamps

13 Grow Lights Market, By Range
     13.1 Introduction
     13.2 60-200W
     13.3 200-1000W
     13.4 1000-2000W

14 Grow Lights Market, By Application
     14.1 Introduction
     14.2 Indoor Farming
     14.3 Vertical Farming
     14.4 Commercial Greenhouse
     14.5 TURF and Landscaping
     14.6 Research
     14.7 Other Applications

15 Grow Lights Market, By Geography
     15.1 Introduction
     15.2 North America
             15.2.1 US
             15.2.2 Canada
             15.2.3 Mexico
     15.3 Europe
             15.3.1 UK
             15.3.2 Germany
             15.3.3 Netherlands
             15.3.4 Scandinavia
             15.3.5 Rest of Europe
     15.4 APAC
             15.4.1 China
             15.4.2 Japan
             15.4.3 Australia
             15.4.4 New Zealand
             15.4.5 Rest of APAC
     15.5 Rest of the World (RoW)
             15.5.1 South America
             15.5.2 Middle East and Africa

16 Competitive Landscape
     16.1 Overview
     16.2 Market Player Ranking Analysis
     16.3 Competitive Leadership Mapping
             16.3.1 Visionary Leaders
             16.3.2 Dynamic Differentiators
             16.3.3 Innovators
             16.3.4 Emerging Companies
     16.4 Competitive Situations and Trends
             16.4.1 New Product Launches
             16.4.2 Contracts, Partnerships, Agreements, Collaborations, and Projects
             16.4.3 Expansions, Divestments, and Awards

17 Company Profiles
     17.1 Key Players
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
             17.1.1 Royal Philips
             17.1.2 General Electric Company
             17.1.3 Osram Licht AG
             17.1.4 Gavita Holland B.V.
             17.1.5 Lumigrow Inc.
             17.1.6 Heliospectra Ab.
             17.1.7 Iwasaki Electric Co., LTD.
             17.1.8 Illumitex Inc.
             17.1.9 Hortilux Schreder B.V.
             17.1.10 Sunlight Supply Inc.
     17.2 Other Key Players 
             17.2.1 Aerofarms
             17.2.2 Fluence Bioengineering
             17.2.3 Emium LLC
             17.2.4 Indulux Technologies Inc.

Note: the company profiles section will cover 20 companies

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

18 Appendix
     18.1 Insights of Industry Experts
     18.2 Discussion Guide
     18.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     18.4 Available Customizations
     18.5 Related Reports
     18.6 Author Details


List of Tables (105 Tables)

Table 1 Effects of Different Spectrum of Grow Lights on Plants
Table 2 Comparative Analysis of Different Grow Lights
Table 3 Grow Lights Market, By Installation, 2017–2025 (USD Million)
Table 4 Market for New Installations, By Technology, 2017–2025 (USD Million)
Table 5 Market for New Installations for HID, By Type, 2017–2025 (USD Million)
Table 6 Market for New Installations for FL, By Type, 2017–2025 (USD Million)
Table 7 Market for Retrofits, By Technology, 2017–2025 (USD Million)
Table 8 Market for Retrofit Installations for HID, By Type, 2017–2025 (USD Million)
Table 9 Market for Retrofits for FL, By Type, 2017–2025 (USD Million)
Table 10 Market, By Technology, 2017–2025 (USD Million)
Table 11 HID Grow Lights , By Type, 2017–2025 (USD Million)
Table 12 HID Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 13 HID Grow Lights , By Application, 2017–2025 (USD Million)
Table 14 HID Grow Lights , By Region, 2017–2025 (USD Million)
Table 15 HPS Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 16 HPS Grow Lights , By Application, 2017–2025 (USD Million)
Table 17 MH Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 18 MH Grow Lights , By Application, 2017–2025 (USD Million)
Table 19 Other HID Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 20 Other HID Grow Lights , By Application, 2017–2025 (USD Million)
Table 21 FL Grow Lights , By Type, 2017–2025 (USD Million)
Table 22 FL Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 23 FL Grow Lights , By Application, 2017–2025 (USD Million)
Table 24 FL Grow Lights , By Geography, 2017–2025 (USD Million)
Table 25 T5 Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 26 T5 Grow Lights , By Application, 2017–2025 (USD Million)
Table 27 CFL Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 28 CFL Grow Lights , By Application, 2017–2025 (USD Million)
Table 29 LED Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 30 LED Grow Lights , By Application, 2017–2025 (USD Million)
Table 31 LED Grow Lights , By Region, 2017–2025 (USD Million)
Table 32 Other Grow Lights , By Type, 2017–2025 (USD Million)
Table 33 Other Grow Lights Market, By Type of Installation, 2017–2025 (USD Million)
Table 34 Other Grow Lights , By Application, 2017–2025 (USD Million)
Table 35 Other Market, By Region, 2017–2025 (USD Million)
Table 36 Induction Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 37 Induction Grow Lights , By Application, 2017–2025 (USD Million)
Table 38 Plasma Grow Lights , By Type of Installation, 2017–2025 (USD Million)
Table 39 Plasma Grow Lights Market, By Application, 2017–2025 (USD Million)
Table 40 Market, By Application, 2017–2025 (USD Million)
Table 41 Market for Indoor Farming, By Technology, 2017–2025 (USD Million)
Table 42 Market for Indoor Farming, By Region, 2017–2025 (USD Million)
Table 43 Market for Indoor Farming in North America, By Country, 2017–2025 (USD Million)
Table 44 Market for Indoor Farming in Europe, By Country, 2017–2025 (USD Million)
Table 45 Market for Indoor Farming in APAC, By Country, 2017–2025 (USD Million)
Table 46 Market for Indoor Farming in RoW, By Region, 2017–2025 (USD Million)
Table 47 Grow Lights Market for Vertical Farming, By Technology, 2017–2025 (USD Million)
Table 48 Market for Vertical Farming, By Region, 2017–2025 (USD Million)
Table 49 Market for Vertical Farming in North America, By Country, 2017–2025 (USD Million)
Table 50 Market for Vertical Farming in Europe, By Country, 2017–2025 (USD Million)
Table 51 Market for Vertical Farming in APAC, By Country, 2017–2025 (USD Million)
Table 52 Market for Vertical Farming in RoW, By Region, 2017–2025 (USD Million)
Table 53 Market for Commercial Greenhouses, By Technology, 2017–2025 (USD Million)
Table 54 Market for Commercial Greenhouses, By Region, 2017–2025 (USD Million)
Table 55 Market for Commercial Greenhouses in North America, By Country, 2017–2025 (USD Million)
Table 56 Market for Commercial Greenhouses in Europe, By Country, 2017–2025 (USD Million)
Table 57 Market for Commercial Greenhouses in APAC, By Country, 2017–2025 (USD Million)
Table 58 Market for Commercial Greenhouses in RoW, By Region, 2017–2025 (USD Million)
Table 59 Market for TURF and Landscaping, By Technology, 2017–2025 (USD Million)
Table 60 Market for TURF and Landscaping, By Region, 2017–2025 (USD Million)
Table 61 Market for TURF and Landscaping in North America, By Country, 2017–2025 (USD Million)
Table 62 Market for TURF and Landscaping in Europe, By Country, 2017–2025 (USD Million)
Table 63 Market for TURF and Landscaping in APAC, By Country, 2017–2025 (USD Million)
Table 64 Market for TURF and Landscaping in RoW, By Region, 2017–2025 (USD Million)
Table 65 Market for Research, By Technology, 2017–2025 (USD Million)
Table 66 Market for Research, By Region, 2017–2025 (USD Million)
Table 67 Market for Research in North America, By Country, 2017–2025 (USD Million)
Table 68 Market for Research in Europe, By Country, 2017–2025 (USD Million)
Table 69 Market for Research in APAC, By Country, 2017–2025 (USD Million)
Table 70 Market for Research in RoW, By Region, 2017–2025 (USD Million)
Table 71 Market for Other Applications, By Technology, 2017–2025 (USD Million)
Table 72 Market for Other Applications, By Region, 2017–2025 (USD Million)
Table 73 Market for Other Applications in North America, By Country, 2017–2025 (USD Million)
Table 74 Market for Other Applications in Europe, By Country, 2017–2025 (USD Million)
Table 75 Market for Other Applications in APAC, By Country, 2017–2025 (USD Million)
Table 76 Market for Other Applications in RoW, By Region, 2017–2025 (USD Million)
Table 77 Grow Lights Market Size, By Region, 2017–2025 (USD Million)
Table 78 Market in North America, By Technology, 2017–2025 (USD Million)
Table 79 Market in North America, By Application, 2017–2025 (USD Million)
Table 80 Market in North America, By Country, 2017–2025 (USD Million)
Table 81 Market in US, By Application, 2017–2025 (USD Million)
Table 82 Market in Canada, By Application, 2017–2025 (USD Million)
Table 83 Market in Mexico, By Application, 2017–2025 (USD Million)
Table 84 Grow Lights Market in Europe, By Country, 2017–2025 (USD Million)
Table 85 Market in Europe, By Technology, 2017–2025 (USD Million)
Table 86 Market in Europe, By Application, 2017–2025 (USD Million)
Table 87 Market in UK, By Application, 2017–2025 (USD Million)
Table 88 Market in Germany, By Application, 2017–2025 (USD Million)
Table 89 Market in Netherlands, By Application, 2017–2025 (USD Million)
Table 90 Market in Scandinavia, By Application, 2017–2025 (USD Million)
Table 91 Market in Rest of Europe, By Application, 2017–2025 (USD Million)
Table 92 Market in APAC, By Country, 2017–2025 (USD Million)
Table 93 Market in APAC, By Technology, 2017–2025 (USD Million)
Table 94 Market in APAC, By Application, 2017–2025 (USD Million)
Table 95 Market in China, By Application, 2017–2025 (USD Million)
Table 96 Market in Japan, By Application, 2017–2025 (USD Million)
Table 97 Market in Australia, By Application, 2017–2025 (USD Million)
Table 98 Market in New Zealand, By Application, 2017–2025 (USD Million)
Table 99 Market in Rest of APAC, By Application, 2017–2025 (USD Million)
Table 100 Market in RoW, By Region, 2017–2025 (USD Million)
Table 101 Market in RoW, By Technology, 2017–2025 (USD Million)
Table 102 Market in RoW, By Application, 2017–2025 (USD Million)
Table 103 Market in South America, By Application, 2017–2025 (USD Million)
Table 104 Market in Middle East and Africa, By Application, 2017–2025 (USD Million)
Table 105 Market Ranking of Top Players in the Grow Lights Market


List of Figures (64 Figures)

Figure 1 Segmentation of the Grow Lights Market
Figure 2 Research Design
Figure 3 Market Size Estimation Meth0dology: Bottom-Up Approach
Figure 4 Market Size Estimation Meth0dology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Retrofit Installations to Lead the Market During the Forecast Period
Figure 8 Europe to Hold the Largest Share of the Market During the Forecast Period
Figure 9 LED Technology to Hold the Largest Size of the Market By 2022
Figure 10 Market for Vertical Farming to Witness the Highest Growth Between 2017 and 2022
Figure 11 Europe Held the Largest Share of the Market in 2016
Figure 12 Increase in Vertical Farming Practices to Drive the Market
Figure 13 Commercial Greenhouse Applications to Hold the Largest Size of the Market for Grow Lights During the Forecast Period
Figure 14 Netherlands Held the Largest Share of the Market in Europe in 2016
Figure 15 Europe Accounted for A Market Share of ~41% in 2016
Figure 16 Retrofit Installations to Lead the Market Between 2017 and 2022
Figure 17 Evolution of Grow Lights
Figure 18 Increase in Indoor Farming Practices and Government Initiatives to Adopt Energy-Efficient LED Lighting to Drive the Growth of the Market During the Forecast Period
Figure 19 Value Chain Analysis: HID and FL Grow Lights
Figure 20 Value Chain Analysis: LED Grow Lights
Figure 21 Porter’s Five Force Analysis – Grow Light Market
Figure 22 Porter’s Five Force: Impact Analysis
Figure 23 Grow Light Market: Threat of New Entrants
Figure 24 Grow Lights Market: Threat of Substitutes
Figure 25 Grow Light Market: Bargaining Power of Suppliers
Figure 26 Market: Bargaining Power of Buyers
Figure 27 Grow Light Market: Intensity of Competitive Rivalry
Figure 28 Retrofit Installations to Lead the Grow Lights Market During the Forecast Period
Figure 29 Market for LED for Retrofit Installations to Grow at the Highest Rate Between 2017 and 2022
Figure 30 LED Grow Lights to Hold A Large Market Share By 2022
Figure 31 Retrofit Installation for HID Grow Lights to Hold A Major Market Share During the Forecast Period
Figure 32 Retrofit Installation for Metal Halide Grow Lights Expected to Hold A Large Share Between 2017 and 2022
Figure 33 Market in RoW Region to Grow at Highest CAGR
Figure 34 Retrofit Installation of LED Grow Lights to Witness the Highest Growth Rate During the Forecast Period
Figure 35 Plasma Grow Lights Market to Grow at A Higher CAGR Between 2017 and 2022
Figure 36 Induction Grow Lights for Commercial Greenhouses to Hold the Largest Market Share During the Forecast Period
Figure 37 Market for Vertical Farming Application to Grow at the Highest Rate Between 2017 and 2022
Figure 38 Europe Expected to Hold the Largest Size of the Market During the Forecast Period
Figure 39 Market for TURF and Landscaping Application in APAC to Grow at the Highest CAGR Between 2017 and 2022
Figure 40 Europe to Lead the Market for Other Applications of Grow Lights During the Forecast Period
Figure 41 Market, By Region
Figure 42 Mexico Expected to Register the Highest Growth Rate in Market During the Forecast Period
Figure 43 Europe is Expected to Hold the Largest Share for Market Between 2017 and 2022
Figure 44 Geographic Snapshot of North America, 2016
Figure 45 Market in Germany to Grow at the Highest Rate in Europe
Figure 46 Netherland to Hold the Largest Market Share During the Forecast Period
Figure 47 Geographic Snapshot of Asia-Pacific, 2016
Figure 48 Market in China to Grow at the Highest Rate Between 2017 and 2022
Figure 49 Geographic Snapshot of RoW, 2016
Figure 50 Middle East and Africa to Hold Major Share of the Market During Forecast Period
Figure 51 New Product Launches—Key Strategy Adopted By the Companies Between 2013 and 2017
Figure 52 Market Evolution Framework: Partnerships, Joint Ventures, Agreements, and Contracts Fuelled Growth Between 2014 and 2016
Figure 53 Battle for Market Share : Contracts,Collaborations, Projects, and Partnerships Emerged as Key Strateies Between 2013 and 2017
Figure 54 Geographic Revenue Mix of the Top Players in the Market
Figure 55 Company Snapshot: Royal Philips
Figure 56 SWOT Analysis: Royal Philips
Figure 57 Company Snapshot: General Electric Company
Figure 58 SWOT Analysis: General Electric Company
Figure 59 Company Snapshot: Osram Licht Ag
Figure 60 SWOT Analysis: Osram Licht Ag
Figure 61 SWOT Analysis: Gavita Holland B.V.
Figure 62 SWOT Analysis: Lumigrow Inc.
Figure 63 Company Snapshot: Heliospectra Ab
Figure 64 Company Snapshot: Iwasaki Electric Co., Ltd.


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SE 4140
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Mar, 2017
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