Grow Light 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
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. A grow light is an electronic lamp designed to accelerate plant growth by emitting electromagnetic spectrum ideal for photosynthesis. The technological innovations has led to the development of a variety of grow lights according to the requirements of the plants. Base year considered for study is 2016 and the forecast has been provided for the period between 2017 and 2022.
Market Dynamics
Drivers
- Growth in indoor farming practices
- Government initiatives and regulations to adopt energy-efficient LEDs
- Necessity for energy-efficient and long-lasting grow light technology
- More production in lesser time
Restraints
- High costs of energy-efficient and better quality grow lights
- Requirement of different light spectrums for different crops
Opportunities
- Increase in the number of vertical farming methods
- Customization for specific intensity and wavelength
- Retrofitting the traditional lighting sources with LED grow lights
- Legalization of growing marijuana in the U.S.
Challenge
- Lack of standard testing practices for assessing the product quality of grow lights and their fixtures
Government initiatives and regulations to adopt energy - efficient LEDs drives the growth of grow light market
The governments of several countries have launched different policies that has led to the growth of LED industry. In October 2014, the Government of India initiated a drive in which LEDs replaced 750 million incandescent bulbs. Under the project “Prakash Path”, Prime Minister Narendra Modi encouraged the use of LED lights for street lights and for residential, commercial, and government buildings. The LED lamp government procurement business model was jointly launched in 2015, by the Bureau of Energy Efficiency under the Ministry of Power, India SSL and Energy Efficiency Services Limited (EESL).
The objectives of the study of this 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.
The figure below shows the breakdown of the primaries, on the basis of company type, designation, and region, conducted during the research study.
To know about the assumptions considered for the study, download the pdf brochure
Major Developments include
- In January 2017, LumiGrow Inc. launched its new product Pro Series E Horticultural lighting solution with cloud-based wireless control. With the help of SmartPAR Wireless Control system, lighting can be managed easily from computers, tablets, and smartphones.
- In January 2017, Hortilux launched its new digital platform called HORTISENSE. This platform enabled the cultivators to receive relevant information during the growth of plants through any of their devices such as smartphones and computers
- Philips Lighting entered into a partnership with Light4Food B.V. (Netherlands). Light4food a producer of closed cultivated systems together with Royal Philips is expected to offer LED lighting solutions for vertical farming and greenhouses.
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).
Scope of the Report:
|
Report Metric |
Details |
|
Base year |
2016 |
|
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.”
Scope of the Report:
In this report, the overall grow lights market has been segmented on the basis of technology, installation, application, spectrum, and geography.
By Spectrum:
- Partial Spectrum
- Full Spectrum
By Technology:
- High Intensity Discharge
- Fluorescent Lighting
- LED
- Other Technologies
By Installation:
- Retrofit
- New Installation
By Application:
- Vertical Farming
- Indoor Farming
- Commercial Greenhouse
- Turf and Landscaping
- Research
- Others
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 grow lights 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.
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 Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Scope of the Study
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency and Pricing
1.5 Package and Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From 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 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 31)
4.1 Attractive Growth Opportunities in the Grow Lights Market
4.2 Grow Lights Market, By Application
4.3 Grow Lights Market in Europe
4.4 Share of Leading Countries/Regions in the Grow Lights Market, 2016
4.5 Grow Lights Market, By Installation
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Evolution of Grow Light Technologies
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Growth in Indoor Farming Practices
5.3.1.2 Government Initiatives and Regulations to Adopt Energy-Efficient LEDs
5.3.1.3 Necessity for Energy-Efficient and Long-Lasting Grow Light Technology
5.3.1.4 More Production in Lesser Time
5.3.2 Restraints
5.3.2.1 High Costs of Energy-Efficient and Better Quality Grow Lights
5.3.2.2 Requirement of Different Light Spectrums for Different Crops
5.3.3 Opportunities
5.3.3.1 Increase in the Number of Vertical Farming Methods
5.3.3.2 Customization for Specific Intensity and Wavelength
5.3.3.3 Retrofitting the Traditional Lighting Sources With LED Grow Lights
5.3.3.4 Legalization of Growing Marijuana in the U.S.
5.3.4 Challenges
5.3.4.1 Lack of Standard Testing Practices for Assessing the Product Quality of Grow Lights and Their Fixtures
5.3.4.2 Low-Quality Light Offered By Artificial Lightings
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
6 Industry Trends (Page No. - 52)
6.1 Value Chain Analysis
6.1.1 HID and FL Grow Lights
6.1.2 LED Grow Lights
6.2 Porter’s Five Force Analysis
6.2.1 Threat of New Entrants
6.2.2 Threat of Substitutes
6.2.3 Bargaining Power of Suppliers
6.2.4 Bargaining Power of Buyers
6.2.5 Intensity of Competitive Rivalry
7 Spectrums Used for Grow Lights (Page No. - 58)
7.1 Introduction
7.2 Partial Spectrum
7.3 Full Spectrum
8 Grow Lights Market, By Installation (Page No. - 60)
8.1 Introduction
8.2 New Installations
8.3 Retrofit
9 Grow Lights Market, By Technology (Page No. - 66)
9.1 Introduction
9.2 High-Intensity Discharge
9.2.1 High-Pressure Sodium Lamp
9.2.2 Metal–Halide Lamp
9.3 Fluorescent Lighting
9.3.1 T5
9.3.2 CFL
9.3.2.1 Color Type
9.3.2.1.1 White
9.3.2.1.2 Neutral White
9.4 LED
9.4.1 LED Based on Crop Type
9.4.1.1 Vegetative
9.4.1.2 Food and Flower
9.5 Other Technologies
9.5.1 Induction Lighting
9.5.2 Plasma Lighting
10 Grow Lights Market, By Application (Page No. - 89)
10.1 Introduction
10.2 Indoor Farming
10.3 Vertical Farming
10.4 Commercial Greenhouse
10.5 TURF and Landscaping
10.6 Research
10.7 Other Applications
11 Grow Lights Market, By Geography (Page No. - 102)
11.1 Introduction
11.2 North America
11.2.1 U.S.
11.2.1.1 Some of the Major Manufacturers of Grow Lights are Located in the U.S.
11.2.1.2 Rise in Demand for Grow Lights Owing to Vertical Farming and Legalization to Grow Medical Marijuana
11.2.2 Canada
11.2.2.1 Aafc Research to Enhance Nutritional Value in Crops for Benefits of Cultivators
11.2.3 Mexico
11.2.3.1 Suppliers in Mexico Providing Grow Lights
11.3 Europe
11.3.1 UK
11.3.1.1 Companies in the U.K. Focus on LED Grow Lights
11.3.2 Germany
11.3.2.1 Public-Private Partnership in Germany to Benefit the Grow Lights Market
11.3.3 Netherlands
11.3.3.1 Key Exporter of Horticultural Produce in Europe
11.3.4 Scandinavia
11.3.4.1 Scandinavia to Be the Third Largest Market in Europe By 2022
11.3.5 Rest of Europe
11.4 Asia-Pacific
11.4.1 China
11.4.1.1 Grow Lights Market in China is Expected to Grow at A High Rate
11.4.2 Japan
11.4.2.1 World’s Largest Vertical Farm
11.4.3 Australia
11.4.3.1 Australia Being A Major Agricultural Producer is Expected to Boost the Demand for Grow Lights
11.4.4 New Zealand
11.4.4.1 Grow Lights Manufacturers are Increasing Their Presence in New Zealand Gradually
11.4.5 Rest of APAC
11.5 Rest of the World
11.5.1 South America
11.5.1.1 Vertical Coffee Farm in Brazil Could Be A Major Market for Grow Lights
11.5.2 Middle East and Africa
11.5.2.1 Cultivation of Strawberries Using LED Grow Lights in UAE
12 Competitive Landscape (Page No. - 126)
12.1 Introduction
12.2 Market Ranking Analysis
12.3 Competitive Situations and Trends
12.4 Competitive Analysis
12.4.1 New Product Launches
12.4.2 Contracts,Partnerships, Agreements,Collaborations, and Projects
12.4.3 Expansions, Divestments, and Awards
13 Company Profiles (Page No. - 135)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
13.1 Introduction
13.2 Royal Philips
13.3 General Electric Company
13.4 Osram Licht AG
13.5 Gavita Holland B.V.
13.6 Lumigrow Inc.
13.7 Heliospectra Ab.
13.8 Iwasaki Electric Co., Ltd.
13.9 Illumitex Inc.
13.10 Hortilux Schreder B.V.
13.11 Sunlight Supply Inc.
13.12 Startup Ecosystem
13.12.1 Aerofarms
13.12.2 Fluence Bioengineering
13.12.3 Emium LLC
13.12.4 Indulux Technologies Inc.
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 161)
14.1 Insights of Industry Experts
14.2 Discussion Guide:
14.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.4 Introducing RT: Real-Time Market Intelligence
14.5 Available Customization
14.6 Related Reports
14.7 Author Details
List of Tables (64 Tables)
Table 1 Effects of Different Spectrum of Grow Lights on Plants
Table 2 Comparative Analysis of Different Grow Lights
Table 3 Market, By Installation, 2014–2022 (USD Million)
Table 4 Market for New Installations, By Technology, 2014–2022 (USD Million)
Table 5 Market for New Installations for HID, By Type, 2014–2022 (USD Million)
Table 6 Market for New Installations for FL, By Type, 2014–2022 (USD Million)
Table 7 Market for Retrofits, By Technology, 2014–2022 (USD Million)
Table 8 Market for Retrofit Installations for HID, By Type, 2014–2022 (USD Million)
Table 9 Market for Retrofits for FL, By Type, 2014–2022 (USD Million)
Table 10 Market, By Technology, 2014–2022 (USD Million)
Table 11 HID Grow Lights Market, By Type, 2014–2022 (USD Million)
Table 12 HID Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 13 HID Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 14 HID Grow Lights Market, By Region, 2014–2022 (USD Million)
Table 15 HPS Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 16 HPS Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 17 MH Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 18 MH Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 19 FL Grow Lights Market, By Type, 2014–2022 (USD Million)
Table 20 FL Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 21 FL Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 22 FL Grow Lights Market, By Geography, 2014–2022 (USD Million)
Table 23 T5 Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 24 T5 Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 25 CFL Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 26 CFL Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 27 LED Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 28 LED Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 29 LED Grow Lights Market, By Region, 2014–2022 (USD Million)
Table 30 Other Grow Lights Market, By Type, 2014–2022 (USD Million)
Table 31 Other Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 32 Other Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 33 Other Grow Lights Market, By Region, 2014–2022 (USD Million)
Table 34 Induction Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 35 Induction Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 36 Plasma Grow Lights Market, By Type of Installation, 2014–2022 (USD Million)
Table 37 Plasma Grow Lights Market, By Application, 2014–2022 (USD Million)
Table 38 Market, By Application, 2014–2022 (USD Million)
Table 39 Market for Indoor Farming, By Technology, 2014–2022 (USD Million)
Table 40 Market for Indoor Farming, By Region, 2014–2022 (USD Million)
Table 41 Market for Vertical Farming, By Technology, 2014–2022 (USD Million)
Table 42 Market for Vertical Farming, By Region, 2014–2022 (USD Million)
Table 43 Market for Commercial Greenhouses, By Technology, 2014–2022 (USD Million)
Table 44 Market for Commercial Greenhouses, By Region, 2014–2022 (USD Million)
Table 45 Market for TURF and Landscaping, By Technology, 2014–2022 (USD Million)
Table 46 Market for TURF and Landscaping, By Region, 2014–2022 (USD Million)
Table 47 Market for Research, By Technology, 2014–2022 (USD Million)
Table 48 Market for Research, By Region, 2014–2022 (USD Million)
Table 49 Market for Other Applications, By Technology, 2014–2022 (USD Million)
Table 50 Market for Other Applications, By Region, 2014–2022 (USD Million)
Table 51 Grow Light Market Size, By Region, 2014–2022 (USD Million)
Table 52 Market in North America, By Technology, 2014–2022 (USD Million)
Table 53 Market in North America, By Application, 2014–2022 (USD Million)
Table 54 Market in North America, By Country, 2014–2022 (USD Million)
Table 55 Market in Europe, By Country, 2014–2022 (USD Million)
Table 56 Market in Europe, By Technology, 2014–2022 (USD Million)
Table 57 Market in Europe, By Application, 2014–2022 (USD Million)
Table 58 Market in APAC, By Country, 2014–2022 (USD Million)
Table 59 Market in APAC, By Technology, 2014–2022 (USD Million)
Table 60 Market in APAC, By Application, 2014–2022 (USD Million)
Table 61 Market in RoW, By Country, 2014–2022 (USD Million)
Table 62 Market in RoW, By Technology, 2014–2022 (USD Million)
Table 63 Market in RoW, By Application, 2014–2022 (USD Million)
Table 64 Market Ranking of Top Players in the Grow Lights Market
List of Figures (64 Figures)
Figure 1 Segmentation of the 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 Light Market: Threat of Substitutes
Figure 25 Grow Light Market: Bargaining Power of Suppliers
Figure 26 Grow Light 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 Grow Lights 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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