Grow Lights Market

Grow Lights Market with Covid-19 Impact and Analysis by Offering (Hardware, Software & Services), Installation Type (New and Retrofit), Application (Greenhouses, Vertical Farms), Sales Channels, Spectrum, and Geography - Global Forecast to 2026

Report Code: SE 4140 Feb, 2021, by marketsandmarkets.com

[273 Pages Report] The grow lights market is projected to grow from USD 1.2 billion in 2021 to USD 4.9 billion by 2026, at a CAGR of 32.2% during the forecast period. Key factors driving the grow lights market growth includes increasing government support for the adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices, growing investments in projects related to vertical farms and greenhouses, ongoing legalization of cannabis cultivation in different regions acroos the globe, and rising adoption of indoor farming in urban areas.

Grow Lights Market

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COVID-19 Impact on the global grow lights market

The grow lights market includes key companies such as Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), Helliospectra AB (Sweden), LumiGrow Inc. (US), Hortilux Schrιder (Netherlands), Eye Hortilux (US), ILUMINAR Lighting (US), GE Current, A Daintree Company (US), PARsource (US), GE Lighting, A Savant Company (US), Hubbell (US), and Agrolux (Netherlands). These companies have their manufacturing facilities and corporate offices spread across various countries across Asia Pacific, Europe, North America, and RoW. The grow lights manufactured by these companies are purchased by several stakeholders for various applications. COVID-19 not only impacted the operations of the various grow lights manufacturers companies, but also affected the businesses of their suppliers and distributers. The fall in export shipments and slow domestic demand for grow lights in comparison to pre COVID-19 levels is also expected to negatively impact and slightly stagnate the demand for grow lights in short term. The key companies operating in this market, have also witnessed the impact of the pandemic in their order intakes for grow lights during the first half of 2020.

Grow lights market dynamics

Driver: Remarkable benefits such as energy-efficiency and longer life associated with LED grow lights over conventional lighting technologies

LED-based grow lights have surpassed all conventional lighting technologies in terms of energy efficiency, lifetime, versatility, and color quality, and, due to their increasing cost competitiveness, LED grow lights are widely used in applications such as vertical farms, indoor farms, and greenhouses. Grow lights are used to grow several plants indoors. The spectrum of grow lights can be modified according to the plant requirements. The growth and development of plants can be ensured with the use of different types of grow lights. Horticultural growers prefer high-intensity discharge (HID) lamps as the source of light for outdoor and indoor applications. These lamps are easily available in the market, are affordable, and are capable of providing the necessary light intensity for plant growth. Growers have combined HID lamps such as high-pressure sodium (HPS) lamps with metal-halide (MH) lamps to obtain the overall light spectrum for plants. However, these lamps consume a lot of electricity and emit excess heat. As a result, growers have to add cooling systems to maintain the temperature in the growing units; this further adds to their energy bills. All these factors have boosted the demand for more energy-efficient and long-lasting lighting solutions for horticulture.

Restraint: High setup and installation costs of LED grow lights

The use of LED grow lights is increasing with the rising awareness about the benefits offered by these solutions. Different sources of artificial lights have been used to grow plants indoor. Earlier, HPS and electric ballasts were widely used in indoor farming as effective sources of light. Nowadays, LEDs are in trend; these grow lights overcome the drawbacks of HPS, fluorescent (FL), metal-halide lights, and electric ballasts. However, the initial capital required for the purchase of good-quality LED grow lights is higher than that of conventional lighting technologies, such as FL and HID lamps. This is mainly because each LED grow light unit contains arrays of LEDs, specially designed for horticultural applications. A high-quality, full-spectrum LED grow light can be installed as the primary light source for commercial indoor growing. It 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 a high-powered plasma grow light costs around USD 3,000. The costs of these grow lights are higher than 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 restrains the growers from adopting energy-efficient grow light technologies such as LED, induction lighting, and plasma lighting.

Opportunity: Legalization of cannabis in different countries

The legalization of cannabis cultivation has also resulted in an increased requirement for vertical farms and greenhouses which is further boosting the demand for LED-based grow lights. Cannabis grown under a sunless medium needs to have various factors considered. For instance, the heat emitted from HPS lights can damage the produce. Hence, LEDs, which run at much lower temperatures, can be a solution to the excessive heat emitted. Companies growing cannabis through vertical farming have observed significant results in terms of productivity. For instance, MedMen Cannabis Vertical Farm (US) deployed LED systems offered by Fluence Bioengineering (US), a horticulture lighting company owned by OSRAM (Germany), which resulted in reduced production time, lower cost per pound of the finished product, decreased energy consumption, and reduced heating, ventilation, and air conditioning (HVAC) load. The grow lights market is yet to see the involvement of cannabis cultivation at a larger scale, but the rising demand for cannabis, technology support, increasing number of vertical farms, and developing LED technology that would significantly reduce lighting cost are some factors that can be foreseen as some of the potential growth opportunities for the grow lights market.

Challenge: Absence of standard testing practices for accessing product quality of grow lights and their fixtures

The lighting technology industry is facing a major challenge, that is, the absence of standard testing practices for assessing the quality of products, especially for new technologies such as LED, induction, and plasma. In the US and some developed countries, certain organizations keep track of quality assurance; however, various emerging economies lack such standards. For instance, The US Department of Energy (DOE) has been working with various standards organizations, including the American National Standards Institute (ANSI), the National Electrical Manufacturers Association (NEMA), and the Illuminating Engineering Society of North America (IES) to develop standards for SSL. Furthermore, product quality needs to be assessed mainly to validate its lumen output and operating life. LED grow light manufacturers, based on their research and testing for several years, have claimed that the operating life of their products is between 30,000 hours and 50,000 hours. However, every manufacturer has their own technique of manufacturing LEDs; hence, their testing practices also differ. As a result, it is difficult to accurately validate the lifespan of LED grow lights, and there is a possibility of manufacturers making false claims for their products. Hence, it is important to achieve mutual consensus and develop standard testing practices to evaluate product quality.

Software and services segment is expected to register a higher CAGR during the forecast period

The grow lights market for the software and services segment is expected to grow at a higher CAGR than the hardware segment during the forecast period. Different kinds of software solutions are used in grow light systems to improve plant quality and fulfill different light requirements by different plants, as well as create and maintain an optimal lighting environment necessary to maximize production. Along with software, maintenance and repair services are also offered by the companies operating in the grow lights market.

Retrofit installations segment is expected to register a higher CAGR during the forecast period

Retrofit installations segment is expected to register a higher CAGR during the forecast period by installation type. The retrofitting of light fixtures in commercial greenhouses and vertical farms helps in saving energy, providing supplemental light for improving the quality of plants, and reducing their maintenance and labor costs. This, in turn, results in low operating costs of commercial greenhouses and vertical farms. Grow lights require to operate for nearly 14 to 18 hours daily, depending on the types of plants that are being cultivated. The retrofitting of HID lamps with LED grow lights results in their high efficiency, lightweight, and long life. Thus, growers may retrofit their existing growing units with any of the available lighting technologies provided it results in high yields and enhanced profitability. These factors are expected to drive the growth of the retrofit installations market globally.

Interlighting segment in grow lights  market expected to witness higher CAGR growth between 2021 and 2026

Interlighting segment is expected to witness highest CAGR growth during the forecast period, by lighting type. Interlighting increases light reception at middle or low levels of canopies that usually receive less light. Interlighting provides high light efficacy, which results in more yields than toplighting and it mostly uses LED lights. Increasing number of greenhouses for tomatoes and cucumber cultivation is also expected to drive the growth of interlighting market.

Vertical farming segment for grow lights market is expected to witness the highest CAGR growth during the forecast period

The vertical farming segment of the grow lightsmarket is expected to register the highest CAGR growth during the forecast period by application. Vertical farms are being setup in several parts of the world; North America, Europe, the Middle East, China, and Japan are the leading investors in vertical farm projects. Several established corporations have started providing funds to encourage entrepreneurs to establish vertical farms. In May 2018, Signify (Netherlands) announced its collaboration with Travaglini FarmTech, a new business division of Travaglini S.p.a (Italy), to develop the first vertical farm plant research laboratory of Italy in Milan. Also, Toshiba Corporation (Japan) and Panasonic Corporation (Japan) have started providing financial and technical assistance to growers to set up vertical farms in various parts of the world. General Electric Company (US), a major provider of grow light systems, is partnering with Mirai, Inc. (Japan) in establishing a chain of vertical farms across multiple cities in Japan. Such developments in vertical farming are likely to boost the demand for grow lights in the coming years.

Cannabis segment for grow lights market is expected to witness the highest CAGR growth during the forecast period

The cannabis segment of the grow lights market is expected to register the highest CAGR growth during the forecast period by cultivated plant. The cannabis industry is growing at a faster pace.  Higher RoI, legalization of cannabis, and increased funding to build new vertical farms and greenhouses are the factors surging the demand for LED grow lights across the world. The LED light spectrum for cannabis plants varies compared to other plants as growers are focused on maximizing yields by controlling the desired level of light intensity to maintain overall yield uniformity. Apart from visible colors, cannabis plants also respond to wavelengths outside the photosynthetically active radiation (PAR) range.

Europe projected to register largest market share of the grow lights market from 2021 to 2026

Europe is projected to register largest market share of the grow lights market during the forecast period. The growth of the market in this region can be attributed to the fact that the region has the strongest economies in the world, along with flourishing industries that lead to increased capital investment capabilities. This region has been using grow light systems for the past few decades to grow plants in commercial greenhouses. The use of grow light in this region is gradually increasing from being a supplemental lighting source to becoming the primary source of light in indoor operations. The population of Europe has expanded rapidly in recent times, and countries are importing fruits and vegetables in a frozen form from external markets in Africa and Asia. Indoor horticulture is gaining rapid momentum in some major countries such as the Netherlands, Belgium, and France in this region to obtain fresh produce from locally cultivated farms. This factor is expected to generate massive demand for grow light systems in the near future.

Technological developments in artificial grow lights have led the government in the European region to favor efficient and eco-friendly technologies such as LED and have implemented rigorous resolutions to ban the use of incandescent bulbs.

Grow Lights Market by Region

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Key Market Players

The grow lights market is dominated by a few globally established players such as Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden).

These companies have adopted both organic and inorganic growth strategies such as product launches and developments, partnerships, contracts, expansions, and acquisitions to strengthen their position in the market.

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2017–2026

Base Year

2020

Forecast Period

2021–2026

Forecast Unit

Value (USD Million/Billion)
Volume (Million Units)

Segments Covered

By Offering, By Installation Type,  By Application, By Cultivated Plant, By Lighting Type, By Sales Channel, By Watt, By Spectrum, and Region

Geographic Regions Covered

APAC, North America, Europe, and RoW (includes Middle East, Africa, and South America)

Companies Covered

The major players include Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden), (Total 30 companies)

This report categorizes the grow lights market based on offering, installation type, application, cultivated plant, lighting type, sales channel, watt, spectrum, and region available at the regional and global level

By Offering

  • Hardware
  • Software and Services

By Lighting Type

  • Toplighting
  • Interlighting

By Installation Type

  • New installations
  • Retrofit Installations

By Watt

  • <300 Watts
  • >300 Watts

By Application

  • Greenhouses
  • Vertical Farms
  • Indoor Farms
  • Research and Tissue Culture Laboratories

By Cultivated Plant

  • Fruits and Vegetables
  • Flowers
  • Cannabis

By Spectrum

  • Full Spectrum
  • Limited Spectrum

By Sales Channel

  • Distribution Channels
  • E-commerce Channels
  • Direct Sales Channels

By Region

  • APAC
  • North America
  • Europe
  • RoW

Recent Developments

  • In September 2020, Valoya has expanded its RX-Series line of greenhouse LEDs with two new models – RX500 and RX600. The new models can be used as true 1-to-1 HPS replacements and it can produce up to the staggering 1700 ΅mol/s of uniform light output. The high light intensity they produce enables them to be positioned high above the canopy, as much as 4 meters above it.
  • In September 2020, Fluence by OSRAM, a leading global provider of energy-efficient LED lighting solutions for commercial cannabis and agriculture production, announced that it has partnered with The Lamphouse, the largest supplier of specialized lamps in Africa. With more than 40 years of experience in numerous specialty lighting sectors, The Lamphouse is Fluence’s exclusive partner serving South Africa’s professional horticulture stores and fulfilling large commercial cannabis projects.
  • In August 2020, Signify signed an agreement with Yunnan AiBiDa Greenhouse Technology Co., Ltd (China), a greenhouse floriculture production company. Through this agreement, the company aims to expand Philips horticulture research partner network in China and serve its Chinese floriculture business.
  • In June 2020, Fluence by OSRAM launched 4 additional spectra on its VYPR top light series, featuring market-leading efficacies up to 3.8 ΅mol/J. From broad white to high red, Fluence’s extended PhysioSpec spectra enable growers to optimize lighting strategies for any crop in any growth stage or geographic location.
  • In March 2020, Signify acquired Cooper Lighting Solutions (US), a leading provider of professional lighting, lighting controls, and connected lighting, from Eaton. Eaton is a leading provider of professional lighting, lighting controls, and connected lighting. With this acquisition, the company can strengthen its position in the North American market.
  • In January 2020, Heliospectra AB received a contract to offer MITRA LED lighting solutions to Nectar Farms in Victoria (Australia). This solution will enable Nectar Farms to scale glasshouse tomato production.
  • In May 2019, Heliospectra showcased new innovative LED lighting solutions at Greentech. Along with its MITRA series, the company also showcased its helioCORE light control system and vertical farming application-based SIERA light bar solution.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    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
           FIGURE 1 GROW LIGHTS MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY
           TABLE 1 CURRENCY TABLE
    1.5 LIMITATIONS
    1.6 PACKAGE SIZE
    1.7 SUMMARY OF CHANGES
    1.8 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 39)
    2.1 RESEARCH DATA
           FIGURE 2 GROW LIGHTS MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION
           FIGURE 3 GROW LIGHTS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of key secondary data
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Breakdown of primaries
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 PRIMARY PARTICIPANTS
           2.2.1 SOME KEY PARTICIPANTS
    2.3 MARKET SIZE ESTIMATION
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/SERVICES OFFERED IN GROW LIGHTS MARKET
           FIGURE 5 MARKET SIZE ESTIMATION: RESEARCH METHODOLOGY
           FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ADOPTION LEVEL OF GROW LIGHTS BY DIFFERENT END USERS
           FIGURE 7 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Approach for obtaining market size using bottom-up analysis
           FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.3.2 TOP-DOWN APPROACH
                    2.3.2.1 Approach for obtaining market size using top-down analysis
           FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 GROWTH FORECAST ASSUMPTIONS
    2.5 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 10 DATA TRIANGULATION
    2.6 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY (Page No. - 53)
           FIGURE 11 GROW LIGHTS MARKET: PRE- AND POST-COVID-19 SCENARIO ANALYSIS,  2017–2026 (USD MILLION)
    3.1 REALISTIC SCENARIO (POST-COVID-19)
    3.2 OPTIMISTIC SCENARIO (POST-COVID-19)
    3.3 PESSIMISTIC SCENARIO (POST-COVID-19)
           FIGURE 12 RETROFIT INSTALLATIONS TO REGISTER HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD
           FIGURE 13 GREENHOUSES TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET DURING FORECAST PERIOD
           FIGURE 14 TOPLIGHTING SEGMENT EXPECTED TO CONTINUE TO HOLD LARGER MARKET SIZE DURING 2021–2026
           FIGURE 15 DISTRIBUTION CHANNELS TO ACCOUNT FOR LARGEST MARKET SIZE FROM 2021 TO 2026
           FIGURE 16 EUROPE ACCOUNTED FOR LARGEST SHARE OF GROW LIGHTS MARKET IN 2020

4 PREMIUM INSIGHTS (Page No. - 59)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN GROW LIGHTS MARKET
           FIGURE 17 INCREASING ADOPTION OF CONTROLLED ENVIRONMENT AGRICULTURE IN URBAN AREAS DRIVE DEMAND FOR GROW LIGHTS
    4.2 GROW LIGHTS MARKET, BY APPLICATION
           FIGURE 18 GREENHOUSES TO DOMINATE GROW LIGHTS MARKET IN 2026
    4.3 GROW LIGHTS MARKET IN APAC, BY APPLICATION AND COUNTRY
           FIGURE 19 GREENHOUSES AND JAPAN HELD LARGEST SHARE OF GROW LIGHTS MARKET IN APAC, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020
    4.4 GROW LIGHTS MARKET, BY SALES CHANNEL
           FIGURE 20 DISTRIBUTION CHANNELS TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET THROUGHOUT FORECAST PERIOD
    4.5 GROW LIGHTS MARKET, BY CULTIVATED PLANT
           FIGURE 21 CANNABIS TO RECORD HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD
    4.6 GROW LIGHTS MARKET, BY INSTALLATION TYPE
           FIGURE 22 RETROFIT INSTALLATIONS TO CAPTURE SIGNIFICANT SHARE OF GROW LIGHTS MARKET IN 2026
    4.7 GROW LIGHTS MARKET, BY REGION
           FIGURE 23 EUROPE TO EXHIBIT LARGEST MARKET SHARE IN GROW LIGHTS MARKET DURING 2021–2026

5 MARKET OVERVIEW (Page No. - 63)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 24 GROW LIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,  AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Strong government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices
           TABLE 2 INCENTIVES IN US STATES FOR ADOPTION OF LED GROW LIGHTS
                    5.2.1.2 Increased investments in establishing vertical farms and greenhouses and associated advanced technologies
           TABLE 3 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING
                    5.2.1.3 Remarkable benefits such as energy-efficiency and longer life associated with LED grow lights over conventional lighting technologies
           TABLE 4 TYPICAL SPECIFICATIONS OF LED VS. HID
           TABLE 5 REDUCTION IN HARVEST CYCLE USING LED HORTICULTURE LIGHTING  ON CANNABIS STRAINS
                    5.2.1.4 High potential capacity of LED grow lights enabling farmers to produce same quality crops all year round irrespective of weather conditions
           FIGURE 25 IMPACT ANALYSIS OF DRIVERS ON GROW LIGHTS MARKET
           5.2.2 RESTRAINTS
                    5.2.2.1 High setup and installation costs of LED grow lights
                    5.2.2.2 Complex requirement for varied light spectrums for different crops
           TABLE 6 STANDARD SPECTRUMS
           FIGURE 26 IMPACT ANALYSIS OF RESTRAINTS ON GROW LIGHTS MARKET
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Legalization of cannabis in different countries
                    5.2.3.2 Automation in lighting fixtures and technological advancements in LED grow lights
                    5.2.3.3 Potential opportunities in Asian and Middle Eastern markets for vertical farming
                    5.2.3.4 Integration of hardware, software, and data analytics platform for horticulture yield estimation and energy conservation
           FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES ON GROW LIGHTS MARKET
           5.2.4 CHALLENGES
                    5.2.4.1 Need for technical know-how and complexities associated with deployment of CEA technology
                    5.2.4.2 Absence of standard testing practices for accessing product quality of horticulture lights and their fixtures
                    5.2.4.3 Difficulties in integrating different components and technologies in CEA facilities
           FIGURE 28 IMPACT ANALYSIS OF CHALLENGES ON GROW LIGHTS MARKET
           TABLE 7 KEY TAKEAWAYS FOR SUPPLIERS/COMPONENT PROVIDERS

6 INDUSTRY TRENDS (Page No. - 78)
    6.1 INTRODUCTION
    6.2 SUPPLY CHAIN ANALYSIS
           FIGURE 29 SUPPLY CHAIN ANALYSIS: GROW LIGHTS MARKET
           6.2.1 RESEARCH AND DEVELOPMENT
           6.2.2 COMPONENT PROVIDERS/INPUT SUPPLIERS
           6.2.3 ORIGINAL EQUIPMENT MANUFACTURERS
           6.2.4 SYSTEM INTEGRATORS/TECHNOLOGY AND SERVICE PROVIDERS
           6.2.5 DISTRIBUTORS AND SALES PARTNERS
                    6.2.5.1 Supply chain analysis of top 5 players
           TABLE 8 SIGNIFY: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
           TABLE 9 HELIOSPECTRA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
           TABLE 10 GAVITA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS
           TABLE 11 OSRAM: LIST OF MAJOR DISTRIBUTORS
           6.2.6 END USERS
    6.3 KEY TECHNOLOGY AND INDUSTRY TRENDS
           TABLE 12 LEADING TRENDS IN GROW LIGHTS MARKET
    6.4 PRICING ANALYSIS
           TABLE 13 INDICATIVE PRICES OF GROW LIGHT FIXTURES
           FIGURE 30 PRICING TRENDS : LED GROW LIGHTS VS CONVENTIONAL HORTICULTURE  LIGHTS PRICING TRENDS, 2017-2026 (USD)
    6.5 LIST OF KEY PATENTS AND INNOVATIONS IN GROW  LIGHTS MARKET
           TABLE 14 PATENTS REGISTERED: GROW LIGHTS MARKET
    6.6 TARIFF AND REGULATORY LANDSCAPE
           TABLE 15 TARIFF REGULATIONS: GROW LIGHTS
           6.6.1 TARIFF-RELATED DATA: LIGHTING PRODUCTS
    6.7 CASE STUDIES
           6.7.1 INTRODUCTION
           6.7.2 GLENWOOD VALLEY FARMS
           TABLE 16 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE ITS YIELDS
           6.7.3 LJUSGΕRDA
           TABLE 17 LJUSGΕRDA ACHIEVED ULTIMATE VERTICAL GROWTH FROM 0 TO 7,000 SQ. M. USING LED LIGHTING SOLUTION AND CONTROL SYSTEM OF HELIOSPECTRA
           6.7.4 BEIJING VEGETABLE RESEARCH CENTER
           TABLE 18 SIGNIFY HOLDING (NETHERLANDS) PROVIDED PHILIPS GREENPOWER LED TOPLIGHTING TO GROW VEGETABLE SEEDLINGS UNDER ARTIFICIAL LIGHTS TO BVRC (CHINA)
           6.7.5 KERNOCK PARK PLANTS
           TABLE 19 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS)
           6.7.6 GREEN SIMPLICITY
           TABLE 20 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX
           6.7.7 NS BRANDS
           TABLE 21 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE  TOMATO TRIALS
           6.7.8 SANOID ISOLATES
           TABLE 22 HELIOSPECTRA AB (SWEDEN) HELPED SANOID ISOLATES (SPAIN) TO PRODUCE CANNABIS EXTRACTIONS WITH HIGHEST LEVELS OF QUALITY, TRACEABILITY, AND CONSISTENCY
    6.8 TECHNOLOGY ANALYSIS: HID (HPS) VS. LED
           TABLE 23 FACTORS LEADING TO RELUCTANCE FOR ADOPTION OF LED LIGHTS
           FIGURE 31 VIEWS OF INDUSTRY EXPERTS PERTAINING TO INCREASING ADOPTION OF LED-BASED GROW LIGHTS
           6.8.1 HID (HPS) VS. LED PRICING ANALYSIS
           TABLE 24 CAPEX AND OPEX FOR LED AND HPS (INDICATIVE) TECHNOLOGIES
           FIGURE 32 MARKET SIZING TREND: MAJOR TECHNOLOGIES USED IN GROW LIGHTS,  2017–2026 (USD MILLION)
           FIGURE 33 GROW LIGHT TECHNOLOGY TREND: MARKET SHARE ANALYSIS OF MAJOR HORTICULTURE LIGHTING TECHNOLOGIES, 2017–2026
    6.9 TRADE ANALYSIS
           6.9.1 EXPORT SCENARIO OF LAMPS AND LIGHTING FITTINGS
           TABLE 25 EXPORT DATA FOR LAMPS AND LIGHTING FITTINGS, 2015–2019 (USD MILLION) 
           6.9.2 IMPORT SCENARIO OF LAMPS AND LIGHTING FITTINGS
           TABLE 26 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS, 2015–2019 (USD MILLION)
    6.1 IMPACT OF COVID-19 ON GROW LIGHTS MARKET
    6.11 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 34 GROW LIGHTS MARKET : PORTER’S FIVE FORCES ANALYSIS
           TABLE 27 PORTER’S FIVE FORCES ANALYSIS WITH THEIR WEIGHTAGE IMPACT
    6.12 GROW LIGHTS MARKET ECOSYSTEM

7 GROW LIGHTS MARKET, BY OFFERING (Page No. - 101)
    7.1 INTRODUCTION
           FIGURE 35 GROW LIGHTS MARKET, BY OFFERING
           FIGURE 36 SOFTWARE & SERVICES SEGMENT TO EXHIBIT HIGHER GROWTH RATE IN GROW LIGHTS MARKET DURING FORECAST PERIOD
           TABLE 28 GROW LIGHTS MARKET, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 29 GROW LIGHTS MARKET, BY OFFERING, 2021–2026 (USD MILLION)
    7.2 HARDWARE
           7.2.1 BULBS AND FIXTURES, METAL REFLECTORS, REFLECTIVE FILMS, AND BALLASTS ARE KEY HARDWARE COMPONENTS OF GROW LIGHTS
           TABLE 30 GROW LIGHTS MARKET FOR HARDWARE, BY LIGHTING TYPE, 2017–2020 (USD MILLION)
           TABLE 31 GROW LIGHTS MARKET FOR HARDWARE, BY LIGHTING TYPE, 2021–2026 (USD MILLION)
           TABLE 32 GROW LIGHTS MARKET FOR HARDWARE, BY INSTALLATION TYPE,  2017–2020 (USD MILLION)
           TABLE 33 GROW LIGHTS MARKET FOR HARDWARE, BY INSTALLATION TYPE,  2021–2026 (USD MILLION)
           TABLE 34 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2017–2020 (USD MILLION)
           FIGURE 37 VERTICAL FARMS TO DOMINATE GROW LIGHTS MARKET FOR HARDWARE DURING FORECAST PERIOD
           TABLE 35 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 36 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2017–2020 (USD MILLION)
           TABLE 37 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2021–2026 (USD MILLION)
    7.3 SOFTWARE & SERVICES
           7.3.1 SOFTWARE & SERVICES SEGMENT TO WITNESS HIGHER GROWTH RATE IN GROW LIGHTS MARKET DURING 2021–2026
           TABLE 38 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION,  2017–2020 (USD MILLION)
           TABLE 39 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION,  2021–2026 (USD MILLION)
           TABLE 40 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION,  2017–2020 (USD MILLION)
           FIGURE 38 APAC TO RECORD HIGHEST GROWTH RATE IN GROW LIGHTS MARKET FOR SOFTWARE & SERVICES SEGMENT DURING FORECAST PERIOD
           TABLE 41 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION,  2021–2026 (USD MILLION)

8 GROW LIGHTS MARKET, BY LIGHTING TYPE (Page No. - 110)
    8.1 INTRODUCTION
           FIGURE 39 GROW LIGHTS MARKET, BY LIGHTING TYPE
           FIGURE 40 TOPLIGHTING SEGMENT TO HOLD LARGER SIZE OF GROW LIGHTS MARKET IN 2026
           TABLE 42 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2017–2020 (USD MILLION)
           TABLE 43 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2021–2026 (USD MILLION)
    8.2 TOPLIGHTING
           8.2.1 TOPLIGHTING—WIDELY USED LIGHTING TYPE IN INDOOR FARMING
           TABLE 44 GROW LIGHTS MARKET FOR TOPLIGHTING, BY APPLICATION, 2017–2020 (USD MILLION)
           FIGURE 41 GREENHOUSES TO HOLD LARGEST SIZE OF TOPLIGHTING GROW LIGHTS MARKET FROM 2021 TO 2026
           TABLE 45 GROW LIGHTS MARKET FOR TOPLIGHTING, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 46 GROW LIGHTS MARKET FOR TOPLIGHTING, BY CULTIVATED PLANT,  2017–2020 (USD MILLION)
           TABLE 47 GROW LIGHTS MARKET FOR TOPLIGHTING, BY CULTIVATED PLANT,  2021–2026 (USD MILLION)
           TABLE 48 GROW LIGHTS MARKET FOR TOPLIGHTING, BY REGION,2017–2020 (USD MILLION)
           TABLE 49 GROW LIGHTS MARKET FOR TOPLIGHTING, BY REGION, 2021–2026 (USD MILLION)
    8.3 INTERLIGHTING
           8.3.1 INTERLIGHTING SEGMENT TO REGISTER HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD
           TABLE 50 GROW LIGHTS MARKET FOR INTERLIGHTING, BY APPLICATION,  2017–2020 (USD MILLION)
           TABLE 51 GROW LIGHTS MARKET FOR INTERLIGHTING, BY APPLICATION,  2021–2026 (USD MILLION)
           TABLE 52 GROW LIGHTS MARKET FOR INTERLIGHTING, BY CULTIVATED PLANT,  2017–2020 (USD MILLION)
           FIGURE 42 FRUITS & VEGETABLES TO CAPTURE LARGEST SIZE OF INTERLIGHTING GROW LIGHTS MARKET FROM 2021 TO 2026
           TABLE 53 GROW LIGHTS MARKET FOR INTERLIGHTING, BY CULTIVATED PLANT,  2021–2026 (USD MILLION)
           TABLE 54 GROW LIGHTS MARKET FOR INTERLIGHTING, BY REGION, 2017–2020 (USD MILLION)
           TABLE 55 GROW LIGHTS MARKET FOR INTERLIGHTING, BY REGION, 2021–2026 (USD MILLION)

9 GROW LIGHTS MARKET, BY INSTALLATION TYPE (Page No. - 118)
    9.1 INTRODUCTION
           FIGURE 43 GROW LIGHTS MARKET, BY INSTALLATION TYPE
           FIGURE 44 RETROFIT INSTALLATIONS TO EXHIBIT HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD
           TABLE 56 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
           TABLE 57 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
    9.2 NEW INSTALLATIONS
           9.2.1 RISING ADOPTION OF VERTICAL FARMING TECHNOLOGY BOOSTS NEW INSTALLATIONS OF GROW LIGHTS
           TABLE 58 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION,  2017–2020 (USD MILLION)
           FIGURE 45 APAC TO REGISTER HIGHEST CAGR IN GROW LIGHTS MARKET FOR NEW INSTALLATIONS DURING FORECAST PERIOD
           TABLE 59 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION,  2021–2026 (USD MILLION)
    9.3 RETROFIT INSTALLATIONS
           9.3.1 RETROFITTING INSTALLATION OF GROW LIGHTS HELPS SAVE ENERGY, IMPROVE PLANT QUALITY, AND REDUCE MAINTENANCE COST
           TABLE 60 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION,  2017–2020 (USD MILLION)
           FIGURE 46 EUROPE TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS DURING FORECAST PERIOD
           TABLE 61 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2021–2026 (USD MILLION)

10 GROW LIGHTS MARKET, BY WATT (Page No. - 124)
     10.1 INTRODUCTION
           FIGURE 47 GROW LIGHTS MARKET, BY WATT
           FIGURE 48 >300-WATT GROW LIGHTS TO DOMINATE MARKET DURING FORECAST PERIOD
           TABLE 62 GROW LIGHTS MARKET, BY WATT, 2017–2020 (USD MILLION)
           TABLE 63 GROW LIGHTS MARKET, BY WATT, 2021–2026 (USD MILLION)
     10.2 <300 WATTS
             10.2.1 <300-WATT GROW LIGHTS ARE PRIMARILY USED FOR CANNABIS PRODUCTION
           TABLE 64 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 65 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
     10.3 >300 WATTS
             10.3.1 >300-WATT GROW LIGHTS ARE SUITABLE FOR VEGETABLE AND FLOWER PRODUCTION
           TABLE 66 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 67 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)

11 GROW LIGHTS MARKET, BY APPLICATION (Page No. - 128)
     11.1 INTRODUCTION
           FIGURE 49 GROW LIGHTS MARKET, BY APPLICATION
           FIGURE 50 VERTICAL FARMS TO REGISTER HIGHEST CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD
           TABLE 68 GROW LIGHTS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 69 GROW LIGHTS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
     11.2 GREENHOUSES
             11.2.1 HIGHER YIELDS CAN BE ACHIEVED USING GROW LIGHTS IN GREENHOUSES
           TABLE 70 GROW LIGHTS MARKET FOR GREENHOUSES, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 71 GROW LIGHTS MARKET FOR GREENHOUSES, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 72 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATT, 2017–2020 (USD MILLION)
           TABLE 73 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATT, 2021–2026 (USD MILLION)
           TABLE 74 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2017–2020 (USD MILLION)
           FIGURE 51 APAC TO EXHIBIT HIGHEST CAGR IN GROW LIGHTS MARKET FOR GREENHOUSES DURING FORECAST PERIOD
           TABLE 75 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2021–2026 (USD MILLION)
           TABLE 76 GROW LIGHTS MARKET FOR GREENHOUSES, BY LIGHTING TYPE,  2017–2020 (USD MILLION)
           TABLE 77 GROW LIGHTS MARKET FOR GREENHOUSES, BY LIGHTING TYPE, 2021–2026 (USD MILLION)
     11.3 VERTICAL FARMS
             11.3.1 OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING
             11.3.2 REGION-WISE RECENT DEVELOPMENTS IN VERTICAL FARMING MARKET
           TABLE 78 VERTICAL FARM DEVELOPMENTS IN NORTH AMERICA
           TABLE 79 VERTICAL FARM DEVELOPMENTS IN EUROPE
           TABLE 80 VERTICAL FARM DEVELOPMENTS IN APAC
           TABLE 81 VERTICAL FARM DEVELOPMENTS IN MIDDLE EAST
           TABLE 82 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY OFFERING,  2017–2020 (USD MILLION)
           TABLE 83 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY OFFERING,  2021–2026 (USD MILLION)
           TABLE 84 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY WATT, 2017–2020 (USD MILLION)
           TABLE 85 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY WATT, 2021–2026 (USD MILLION)
           TABLE 86 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY REGION,  2017–2020 (USD MILLION)
           FIGURE 52 APAC TO REGISTER HIGHEST CAGR IN GROW LIGHTS MARKET FOR VERTICAL FARMS DURING FORECAST PERIOD
           TABLE 87 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY REGION, 2021–2026 (USD MILLION)
           TABLE 88 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY LIGHTING TYPE,  2017–2020 (USD MILLION)
           TABLE 89 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY LIGHTING TYPE,  2021–2026 (USD MILLION)
     11.4 INDOOR FARMS
             11.4.1 INCREASED REQUIREMENT FOR FOOD ACCELERATES DEMAND FOR GROW LIGHTS IN INDOOR FARMING
           TABLE 90 GROW LIGHTS MARKET FOR INDOOR FARMS, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 91 GROW LIGHTS MARKET FOR INDOOR FARMS, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 92 GROW LIGHTS MARKET FOR INDOOR FARMS, BY WATT, 2017–2020 (USD MILLION)
           TABLE 93 GROW LIGHTS MARKET FOR INDOOR FARMS, BY WATT, 2021–2026 (USD MILLION)
           TABLE 94 GROW LIGHTS MARKET FOR INDOOR FARMS, BY REGION, 2017–2020 (USD MILLION)
           TABLE 95 GROW LIGHTS MARKET FOR INDOOR FARMS, BY REGION, 2021–2026 (USD MILLION)
           TABLE 96 GROW LIGHTS MARKET FOR INDOOR FARMS, BY LIGHTING TYPE,  2017–2020 (USD MILLION)
           FIGURE 53 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGER SIZE OF GROW LIGHTS MARKET FOR INDOOR FARMING IN 2026
           TABLE 97 GROW LIGHTS MARKET FOR INDOOR FARMING, BY LIGHTING TYPE,  2021–2026 (USD MILLION)
     11.5 RESEARCH & TISSUE CULTURE LABORATORIES
             11.5.1 LARGE NUMBER OF RESEARCH PROJECTS IN PLANT LABORATORIES AND  AGRICULTURE UNIVERSITIES FOSTER MARKET GROWTH
           TABLE 98 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES ,  BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 99 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES,  BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 100 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY WATT, 2017–2020 (USD MILLION)
           TABLE 101 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY WATT, 2021–2026 (USD MILLION)
           TABLE 102 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY REGION,  2017–2020 (USD MILLION)
           TABLE 103 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY REGION,  2021–2026 (USD MILLION)
           TABLE 104 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES,  BY LIGHTING TYPE, 2017–2020 (USD MILLION)
           TABLE 105 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES,  BY LIGHTING TYPE, 2021–2026 (USD MILLION)

12 GROW LIGHTS MARKET, BY CULTIVATED PLANT (Page No. - 148)
     12.1 INTRODUCTION
           FIGURE 54 GROW LIGHTS MARKET, BY CULTIVATED PLANT
           FIGURE 55 FRUITS & VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET FROM 2021 TO 2026
           TABLE 106 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2017–2020 (USD MILLION)
           TABLE 107 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2021–2026 (USD MILLION)
     12.2 FRUITS & VEGETABLES
             12.2.1 INCREASED DEMAND FOR HIGH-QUALITY ORGANIC FRUITS AND VEGETABLES PROMOTE ADOPTION OF GROW LIGHTS IN VERTICAL FARMS AND GREENHOUSES
           TABLE 108 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION,  2017–2020 (USD MILLION)
           TABLE 109 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION,  2021–2026 (USD MILLION)
     12.3 FLOWERS
             12.3.1 EUROPE TO CAPTURE SIGNIFICANT SIZE OF GROW LIGHTS MARKET FOR FLOWERS IN COMING YEARS
           FIGURE 56 EUROPE TO HOLD LARGEST SIZE OF GROW LIGHTS MARKET FOR  FLOWERS IN 2026
           TABLE 110 GROW LIGHTS MARKET FOR FLOWERS, BY REGION,  2017–2020 (USD MILLION)
           TABLE 111 GROW LIGHTS MARKET FOR FLOWERS, BY REGION, 2021–2026 (USD MILLION)
     12.4 CANNABIS
             12.4.1 CANNABIS SEGMENT OF GROW LIGHTS MARKET TO EXHIBIT HIGHEST CAGR FROM 2021 TO 2026
           TABLE 112 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2017–2020 (USD MILLION)
           TABLE 113 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2021–2026 (USD MILLION)

13 GROW LIGHTS MARKET, BY SPECTRUM (Page No. - 158)
     13.1 INTRODUCTION
           FIGURE 57 FULL-SPECTRUM LED GROW LIGHTS MARKET TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 114 GROW LIGHTS MARKET, BY SPECTRUM, 2017–2020 (USD MILLION)
           TABLE 115 GROW LIGHTS MARKET, BY SPECTRUM, 2021–2026 (USD MILLION)
     13.2 FULL SPECTRUM
             13.2.1 FULL-SPECTRUM LIGHT SOURCE GAINING POPULARITY AS IT IMPROVES PLANT GROWTH BY EMITTING LIGHT ACCORDING TO ITS CHANGING REQUIREMENTS
           TABLE 116 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 117 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 118 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY REGION, 2017–2020 (USD MILLION)
           FIGURE 58 APAC TO EXHIBIT HIGHER CAGR IN FULL-SPECTRUM GROW LIGHTS MARKET DURING FORECAST PERIOD
           TABLE 119 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY REGION, 2021–2026 (USD MILLION)
     13.3 LIMITED SPECTRUM
             13.3.1 LIMITED-SPECTRUM LEDS GROW LIGHTS COMMONLY AVAILABLE IN DEEP BLUE (450 NM), HYPER RED (660 NM), FAR-RED (730 NM), AND GREEN (530 NM) COLORS
           TABLE 120 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY OFFERING,  2017–2020 (USD MILLION)
           TABLE 121 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY OFFERING,  2021–2026 (USD MILLION)
           TABLE 122 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY REGION,  2017–2020 (USD MILLION)
           FIGURE 59 EUROPE TO HOLD LARGEST SIZE OF LIMITED-SPECTRUM LED GROW LIGHTS MARKET DURING FORECAST PERIOD
           TABLE 123 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY REGION,  2021–2026 (USD MILLION)

14 GROW LIGHTS MARKET, BY SALES CHANNEL (Page No. - 165)
     14.1 INTRODUCTION
           FIGURE 60 E-COMMERCE SALES CHANNELS TO EXHIBIT HIGHER CAGR THAN DISTRIBUTION CHANNELS IN GROW LIGHTS MARKET DURING FORECAST PERIOD
           TABLE 124 GROW LIGHTS MARKET, BY SALES CHANNEL, 2017–2020 (USD MILLION)
           TABLE 125 GROW LIGHTS MARKET, BY SALES CHANNEL, 2021–2026 (USD MILLION)
     14.2 DISTRIBUTION CHANNELS
             14.2.1 DISTRIBUTION CHANNELS TO LEAD GROW LIGHTS MARKET DURING 2021–2026
           TABLE 126 GROW LIGHTS MARKET FOR DISTRIBUTION CHANNELS, BY REGION,  2017–2020 (USD MILLION)
           TABLE 127 GROW LIGHTS MARKET FOR DISTRIBUTION CHANNELS, BY REGION,  2021–2026 (USD MILLION)
     14.3 E-COMMERCE CHANNELS
             14.3.1 THIRD-PARTY E-COMMERCE PLATFORMS ARE PREFERRED BY SMALL GROWERS/HOME-BASED GROWERS
           TABLE 128 GROW LIGHTS MARKET FOR E-COMMERCE CHANNELS, BY REGION,  2017–2020 (USD MILLION)
           FIGURE 61 APAC TO RECORD HIGHEST CAGR IN GROW LIGHTS MARKET FOR E-COMMERCE CHANNELS DURING FORECAST PERIOD
           TABLE 129 GROW LIGHTS MARKET FOR E-COMMERCE CHANNELS, BY REGION,  2021–2026 (USD MILLION)
     14.4 DIRECT SALES CHANNELS
             14.4.1 DIRECT SALES MODE WITNESSED NEGATIVE IMPACT DURING COVID-19 PERIOD OWING TO GROWERS’ INTEREST IN BUYING GROW LIGHTS THROUGH ONLINE MODE
           TABLE 130 GROW LIGHTS MARKET FOR DIRECT SALES CHANNELS, BY REGION,  2017–2020 (USD MILLION)
           TABLE 131 GROW LIGHTS MARKET FOR DIRECT SALES CHANNELS, BY REGION,  2021–2026 (USD MILLION)
     14.5 IMPACT OF GROWING ONLINE MARKET ON DISTRIBUTION AND DIRECT SALES CHANNELS
     14.6 DISTRIBUTION CHANNELS DOMINATE OVERALL GROW LIGHTS MARKET

15 GEOGRAPHIC ANALYSIS (Page No. - 172)
     15.1 INTRODUCTION
           FIGURE 62 GROW LIGHTS MARKET, BY REGION
           TABLE 132 GROW LIGHTS MARKET, BY REGION, 2017–2020 (USD MILLION)
           TABLE 133 GROW LIGHTS MARKET, BY REGION, 2021–2026 (USD MILLION)
           TABLE 134 GROW LIGHTS MARKET, BY REGION, 2017–2020 (THOUSAND UNITS)
           TABLE 135 GROW LIGHTS MARKET, BY REGION, 2021–2026 (THOUSAND UNITS)
     15.2 NORTH AMERICA
           FIGURE 63 GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY
           FIGURE 64 SNAPSHOT: GROW LIGHTS MARKET IN NORTH AMERICA, 2020
           TABLE 136 GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 137 GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 138 GROW LIGHTS MARKET IN NORTH AMERICA, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 139 GROW LIGHTS MARKET IN NORTH AMERICA, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 140 GROW LIGHTS MARKET IN NORTH AMERICA, BY APPLICATION,  2017–2020 (USD MILLION)
           TABLE 141 GROW LIGHTS MARKET IN NORTH AMERICA, BY APPLICATION,  2021–2026 (USD MILLION)
           TABLE 142 GROW LIGHTS MARKET IN NORTH AMERICA, BY CULTIVATED PLANT,  2017–2020 (USD MILLION)
           TABLE 143 GROW LIGHTS MARKET IN NORTH AMERICA, BY CULTIVATED PLANT,  2021–2026 (USD MILLION)
           TABLE 144 GROW LIGHTS MARKET IN NORTH AMERICA, BY SALES CHANNEL,  2017–2020 (USD MILLION)
           TABLE 145 GROW LIGHTS MARKET IN NORTH AMERICA, BY SALES CHANNEL,  2021–2026 (USD MILLION)
           TABLE 146 GROW LIGHTS MARKET IN NORTH AMERICA, BY SPECTRUM TYPE,  2017–2020 (USD MILLION)
           TABLE 147 GROW LIGHTS MARKET IN NORTH AMERICA, BY SPECTRUM TYPE,  2021–2026 (USD MILLION)
           TABLE 148 GROW LIGHTS MARKET IN NORTH AMERICA, BY INSTALLATION TYPE,  2017–2020 (USD MILLION)
           TABLE 149 GROW LIGHTS MARKET IN NORTH AMERICA, BY INSTALLATION TYPE,  2021–2026 (USD MILLION)
           TABLE 150 GROW LIGHTS MARKET IN NORTH AMERICA, BY LIGHTING TYPE,  2017–2020 (USD MILLION)
           TABLE 151 GROW LIGHTS MARKET IN NORTH AMERICA, BY LIGHTING TYPE,  2021–2026 (USD MILLION)
             15.2.1 US
                        15.2.1.1 Prominent presence of various grow light system manufacturers fosters market growth in US
             15.2.2 CANADA
                        15.2.2.1 Odd climatic conditions, along with legalization of cannabis cultivation, have induced greater demand for grow lights in Canada
             15.2.3 MEXICO
                        15.2.3.1 Extensive use of grow lights in tomato cultivation to accelerate their demand in Mexico
     15.3 EUROPE
           FIGURE 65 GROW LIGHTS MARKET IN EUROPE
           FIGURE 66 SNAPSHOT OF GROW LIGHTS MARKET IN EUROPE, 2020
           TABLE 152 GROW LIGHTS MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
           TABLE 153 GROW LIGHTS MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
           TABLE 154 GROW LIGHTS MARKET IN EUROPE, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 155 GROW LIGHTS MARKET IN EUROPE, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 156 GROW LIGHTS MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 157 GROW LIGHTS MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 158 GROW LIGHTS MARKET IN EUROPE, BY CULTIVATED PLANT, 2017–2020 (USD MILLION)
           TABLE 159 GROW LIGHTS MARKET IN EUROPE, BY CULTIVATED PLANT, 2021–2026 (USD MILLION)
           TABLE 160 GROW LIGHTS MARKET IN EUROPE, BY SALES CHANNEL, 2017–2020 (USD MILLION)
           TABLE 161 GROW LIGHTS MARKET IN EUROPE, BY SALES CHANNEL, 2021–2026 (USD MILLION)
           TABLE 162 GROW LIGHTS MARKET IN EUROPE, BY SPECTRUM, 2017–2020 (USD MILLION)
           TABLE 163 GROW LIGHTS MARKET IN EUROPE, BY SPECTRUM, 2021–2026 (USD MILLION)
           TABLE 164 GROW LIGHTS MARKET IN EUROPE, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
           TABLE 165 GROW LIGHTS MARKET IN EUROPE, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
           TABLE 166 GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE, 2017–2020 (USD MILLION)
           TABLE 167 GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE, 2021–2026 (USD MILLION)
             15.3.1 UK
                        15.3.1.1 Large-scale indoor farming and vertical farming practices in UK to boost demand for grow lights
             15.3.2 GERMANY
                        15.3.2.1 High adoption of grow lights in commercial greenhouses to fuel requirement for grow lights
             15.3.3 NETHERLANDS
                        15.3.3.1 Robust agriculture industry and significant presence of key market players to augment growth of grow lights market in Netherlands
             15.3.4 SCANDINAVIA
                        15.3.4.1 Rapid adoption of grow lights in indoor farming and greenhouse applications to stimulate market growth in Scandinavian countries
             15.3.5 REST OF EUROPE
     15.4 APAC
           FIGURE 67 GROW LIGHTS MARKET IN APAC
           FIGURE 68 SNAPSHOT OF GROW LIGHTS MARKET IN APAC, 2020
           TABLE 168 GROW LIGHTS MARKET IN APAC, BY GEOGRAPHY, 2017–2020 (USD MILLION)
           TABLE 169 GROW LIGHTS MARKET IN APAC, BY GEOGRAPHY, 2021–2026 (USD MILLION)
           TABLE 170 GROW LIGHTS MARKET IN APAC, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 171 GROW LIGHTS MARKET IN APAC, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 172 GROW LIGHTS MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 173 GROW LIGHTS MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 174 GROW LIGHTS MARKET IN APAC, BY CULTIVATED PLANT, 2017–2020 (USD MILLION)
           TABLE 175 GROW LIGHTS MARKET IN APAC, BY CULTIVATED PLANT, 2021–2026 (USD MILLION)
           TABLE 176 GROW LIGHTS MARKET IN APAC, BY SALES CHANNEL, 2017–2020 (USD MILLION)
           TABLE 177 GROW LIGHTS MARKET IN APAC, BY SALES CHANNEL, 2021–2026 (USD MILLION)
           TABLE 178 GROW LIGHTS MARKET IN APAC, BY SPECTRUM, 2017–2020 (USD MILLION)
           TABLE 179 GROW LIGHTS MARKET IN APAC, BY SPECTRUM, 2021–2026 (USD MILLION)
           TABLE 180 GROW LIGHTS MARKET IN APAC, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
           TABLE 181 GROW LIGHTS MARKET IN APAC, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
           TABLE 182 GROW LIGHTS MARKET IN APAC, BY LIGHTING TYPE, 2017–2020 (USD MILLION)
           TABLE 183 GROW LIGHTS MARKET IN APAC, BY LIGHTING TYPE, 2021–2026 (USD MILLION)
             15.4.1 CHINA
                        15.4.1.1 Robust presence of leading LED manufacturers to promote grow lights market growth in China
             15.4.2 JAPAN
                        15.4.2.1 Considerable shortage of arable land in Japan to induce demand for grow lights
             15.4.3 SOUTHEAST ASIA
                        15.4.3.1 High demand for fresh horticulture produce and strong support of Southeast Asian governments to fuel market growth
             15.4.4 AUSTRALIA
                        15.4.4.1 Limited rainfall, along with legalization of cannabis, to fuel adoption of grow lights for indoor farming in Australia
             15.4.5 REST OF APAC
     15.5 REST OF THE WORLD
           FIGURE 69 GROW LIGHTS MARKET IN ROW
           TABLE 184 GROW LIGHTS MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
           TABLE 185 GROW LIGHTS MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
           TABLE 186 GROW LIGHTS MARKET IN ROW, BY OFFERING, 2017–2020 (USD MILLION)
           TABLE 187 GROW LIGHTS MARKET IN ROW, BY OFFERING, 2021–2026 (USD MILLION)
           TABLE 188 GROW LIGHTS MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 189 GROW LIGHTS MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION)
           TABLE 190 GROW LIGHTS MARKET IN ROW, BY CULTIVATED PLANT, 2017–2020 (USD MILLION)
           TABLE 191 GROW LIGHTS MARKET IN ROW, BY CULTIVATED PLANT, 2021–2026 (USD MILLION)
           TABLE 192 GROW LIGHTS MARKET IN ROW, BY SALES CHANNEL, 2017–2020 (USD MILLION)
           TABLE 193 GROW LIGHTS MARKET IN ROW, BY SALES CHANNEL, 2021–2026 (USD MILLION)
           TABLE 194 GROW LIGHTS MARKET IN ROW, BY SPECTRUM, 2017–2020 (USD MILLION)
           TABLE 195 GROW LIGHTS MARKET IN ROW, BY SPECTRUM, 2021–2026 (USD MILLION)
           TABLE 196 GROW LIGHTS MARKET IN ROW, BY INSTALLATION TYPE, 2017–2020 (USD MILLION)
           TABLE 197 GROW LIGHTS MARKET IN ROW, BY INSTALLATION TYPE, 2021–2026 (USD MILLION)
           TABLE 198 GROW LIGHTS MARKET IN ROW, BY LIGHTING TYPE, 2017–2020 (USD MILLION)
           TABLE 199 GROW LIGHTS MARKET IN ROW, BY LIGHTING TYPE, 2021–2026 (USD MILLION)
             15.5.1 SOUTH AMERICA
                        15.5.1.1 Vertical coffee farming in Brazil to provide lucrative opportunities for grow lights market
             15.5.2 MIDDLE EAST
                        15.5.2.1 Resource scarcity to propel adoption of grow lights in vertical farms in Middle East
             15.5.3 AFRICA
                        15.5.3.1 Insufficient sunlight in long monsoon season in Africa promote implementation of grow lights

16 COMPETITIVE LANDSCAPE (Page No. - 208)
     16.1 OVERVIEW
           FIGURE 70 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020
     16.2 MARKET SHARE ANALYSIS
           TABLE 200 SHARE ANALYSIS OF KEY COMPANIES IN GROW LIGHTS MARKET, 2020
     16.3 HISTORICAL REVENUE ANALYSIS, 2015–2019
           FIGURE 71 HISTORICAL REVENUE ANALYSIS OF TOP 3 COMPANIES OFFERING GROW LIGHTS, 2015–2019 (USD MILLION)
     16.4 COMPANY EVALUATION QUADRANT
           FIGURE 72 COMPANY EVALUATION MATRIX, 2020
             16.4.1 STAR
             16.4.2 EMERGING LEADER
             16.4.3 PERVASIVE
             16.4.4 PARTICIPANT
             16.4.5 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS
           FIGURE 73 PRODUCT FOOTPRINT ANALYSIS OF MAJOR PLAYERS IN GROW LIGHTS MARKET
     16.5 STARTUP/SME EVALUATION MATRIX, 2020
           FIGURE 74 STARTUP/SME EVALUATION MATRIX, 2020
             16.5.1 PROGRESSIVE COMPANIES
             16.5.2 RESPONSIVE COMPANIES
             16.5.3 DYNAMIC COMPANIES
             16.5.4 STARTING BLOCKS
     16.6 MARKET EVALUATION FRAMEWORK
           FIGURE 75 PRODUCT LAUNCHES/DEVELOPMENTS, PARTNERSHIPS, AND CONTRACTS WERE KEY STRATEGIES ADOPTED BY MARKET PLAYERS FROM 2018 TO 2020
     16.7 COMPETITIVE SCENARIO
             16.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS
           TABLE 201 PRODUCT LAUNCHES AND DEVELOPMENTS, 2018–2020
             16.7.2 PARTNERSHIP, AGREEMENTS, CONTRACTS, COLLABORATIONS, AND EXPANSIONS
           TABLE 202 PARTNERSHIP, AGREEMENTS, CONTRACTS, COLLABORATIONS, AND EXPANSIONS, 2018–2020
             16.7.3 MERGERS AND ACQUISITIONS
           TABLE 203 MERGERS AND ACQUISITIONS, 2018-2020

17 COMPANY PROFILES (Page No. - 223)
     17.1 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent Developments, MNM view)* 
             17.1.1 SIGNIFY HOLDING
           FIGURE 76 SIGNIFY HOLDING: COMPANY SNAPSHOT
             17.1.2 GAVITA INTERNATIONAL B.V.
             17.1.3 HELIOSPECTRA AB
           FIGURE 77 HELIOSPECTRA AB: COMPANY SNAPSHOT
             17.1.4 OSRAM GMBH (PART OF AMS AG)
           FIGURE 78 OSRAM GMBH: COMPANY SNAPSHOT
             17.1.5 CALIFORNIA LIGHTWORKS
             17.1.6 VALOYA
             17.1.7 LUMIGROW, INC.
             17.1.8 HORTILUX SCHRΙDER (DOOL INDUSTRIES)
             17.1.9 EYE HORTILUX (A DIVISION OF EYE LIGHTING INTERNATIONAL)
             17.1.10 ILUMINAR LIGHTING
     17.2 OTHER IMPORTANT PLAYERS
             17.2.1 GE CURRENT, A DAINTREE COMPANY
             17.2.2 PARSOURCE
             17.2.3 GE LIGHTING, A SAVANT COMPANY
             17.2.4 HUBBELL
             17.2.5 AGROLUX
             17.2.6 ECONOLUX
             17.2.7 OREON
             17.2.8 GLACIALLIGHT (LIGHTING DIVISION OF GLACIALTECH)
             17.2.9 BLACK DOG GROW TECHNOLOGIES INC.
             17.2.10 VIPARSPECTRA
             17.2.11 FOXCONN
             17.2.12 ACTIVE GROW LLC
             17.2.13 AGNETIX
             17.2.14 THRIVE AGRITECH
             17.2.15 VIVIDGRO (SUBSIDIARY OF LIGHTING SCIENCE GROUP CORPORATION)
             17.2.16 HYPERION GROW LIGHTS
             17.2.17 NICHIA CORPORATION
             17.2.18 EVERLIGHT ELECTRONICS
             17.2.19 SAN’AN OPTOELECTRONICS
             17.2.20 INDULUX TECHNOLOGIES
*Details on Business overview, Products/solutions/services offered, Recent Developments, MNM view might not be captured in case of unlisted companies. 

18 APPENDIX (Page No. - 265)
     18.1 INSIGHTS FROM 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

 

The study involved four major activities for estimating the size of the grow lights market. Exhaustive secondary research has been carried out to collect information relevant to the market, its peer markets, and its parent market. Primary research has been undertaken to validate key findings, assumptions, and sizing with the industry experts across the value chain of the grow lights market. Both top-down and bottom-up approaches have been employed to estimate the complete market size. It has been followed by the market breakdown and data triangulation methods to estimate the size of different segments and subsegments of the market.

Secondary Research

The research methodology that has been used to estimate and forecast the size of the grow lights market began with the acquisition of data related to the revenues of key vendors in the market through secondary research. The secondary research referred to for this research study involves horticulture and lighting magazines, journals, and AgTech associations. Moreover, the study involved extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the grow lights market. Vendor offerings have been taken into consideration to determine the market segmentation. The entire research methodology included the study of annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles by recognized authors; directories; and databases.

Primary Research

Extensive primary research has been conducted after acquiring an understanding of the grow lights market scenario through secondary research. Several primary interviews have been conducted with market experts from both the demand and supply-side players across key regions, namely, North America, Europe, APAC, and Middle East, Africa, and South America. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents.

Primary data has been collected through questionnaires, emails, and telephonic interviews. In the canvassing of primaries, various departments within organizations, such as sales, operations, and administration, were covered to provide a holistic viewpoint in our report. After interacting with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the remainder of this report.

Grow Lights Market Size, and Share

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

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the size of grow lights market and its segments. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research
  • Company-wise revenues generated through the sales of grow lights have been calculated
  • Prices of grow light-based products provided by leading companies have been analyzed.
  • Break down of the sales data of key companies offering grow lights used for various applications has been carried out, and percentage splits have been derived.
  • The market size of each application has been estimated.
  • The final value has been evaluated by adding market estimates from each application
  • Primary interviews have been conducted with key opinion leaders related to grow lights market including key OEMs, IDMs, and Tier I suppliers
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources

Grow Lights Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size—using the market size estimation process explained above—the market has been split into several segments and subsegments. Data triangulation and market breakdown procedures have been employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for each segment and subsegment of the market. The data has been triangulated by studying various factors and trends from both demand and supply sides of the grow lights market.

Report Objectives

  • To describe and forecast the grow lights market, in terms of value, based on offering, lighting type, cultivation, application, installation type, spectrum, sales channels, watt, and region
  • To describe and forecast the grow lights market, in terms of value, for various segments with respect to 4 key regions, namely, North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW)
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the overall market
  • To provide a detailed overview of the grow lights value chain
  • To strategically profile the key players and comprehensively analyze their market ranking in terms of revenue and core competencies2
  • To provide detailed information regarding drivers, restraints, opportunities, and challenges pertaining to the grow lights market
  • To map competitive intelligence based on company profiles, strategies of key players, and game-changing developments such as product launches, partnerships, collaborations, and agreements undertaken in the grow lights market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
  • Additional country-level analysis of grow lights market for major segments
  • Estimation of the market size of the segments of the grow lights market based on different subsegments
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