Grow Lights Market

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

Report Code: SE 4140 Nov, 2019, by marketsandmarkets.com

Updated date - Nov 07, 2019

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

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

Grow Lights Market

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

Grow Lights Market Dynamics

Growth in indoor farming practices

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

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

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

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

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

High costs of energy-efficient and better quality grow lights

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

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

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

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

The objectives of the study of grow lights market report:

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

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

Grow Lights Market Ecosystem:

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

Grow Lights market Scope:

Report Metric	Details
Report Name	Grow Lights Market
Forecast period	2017�2022
Units	Value (USD)
Segments covered	Type, End User, Offerings, and Region
Geographic regions covered	North America, APAC, Europe, and RoW
Companies covered	Royal Philips (Netherlands), General Electric Company (U.S.), Osram Licht AG (Germany), Gavita Holland B.V. (Netherlands), LumiGrow, Inc. (U.S.), Heliospectra AB (Sweden), Transcend Lighting Inc. (U.S.), and Sunlight Supply Inc. (U.S.)

Target Audience:

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

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

Grow Lights Market Segmentation:

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

Grow Lights Market, By Spectrum:

Partial Spectrum
Full Spectrum

Grow Lights Market, By Technology:

High Intensity Discharge
Fluorescent Lighting
LED
Other Technologies

Grow Lights Market, By Installation:

Retrofit
New Installation

Grow Lights Market, By Application:

Vertical Farming
Indoor Farming
Commercial Greenhouse
Turf and Landscaping
Research
Others

Grow Lights Market, By Geography:

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

Available Customizations

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

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 Grow Lights 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 Grow Lights Market, By Installation, 2014�2022 (USD Million)
Table 4 Grow Lights Market for New Installations, By Technology, 2014�2022 (USD Million)
Table 5 Grow Light Market for New Installations for HID, By Type, 2014�2022 (USD Million)
Table 6 Grow Lights Market for New Installations for FL, By Type, 2014�2022 (USD Million)
Table 7 Grow Light Market for Retrofits, By Technology, 2014�2022 (USD Million)
Table 8 Grow Light 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 Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 13 HID Grow Light Market, By Application, 2014�2022 (USD Million)
Table 14 HID Grow Lights Market, By Region, 2014�2022 (USD Million)
Table 15 HPS Grow Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 16 HPS Grow Light Market, By Application, 2014�2022 (USD Million)
Table 17 MH Grow Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 18 MH Grow Light Market, By Application, 2014�2022 (USD Million)
Table 19 FL Grow Light Market, By Type, 2014�2022 (USD Million)
Table 20 FL Grow Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 21 FL Grow Light Market, By Application, 2014�2022 (USD Million)
Table 22 FL Grow Lights Market, By Geography, 2014�2022 (USD Million)
Table 23 T5 Grow Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 24 T5 Grow Light Market, By Application, 2014�2022 (USD Million)
Table 25 CFL Grow Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 26 CFL Grow Light 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 Light Market, By Application, 2014�2022 (USD Million)
Table 29 LED Grow Light Market, By Region, 2014�2022 (USD Million)
Table 30 Other Grow Light Market, By Type, 2014�2022 (USD Million)
Table 31 Other Grow Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 32 Other Grow Light Market, By Application, 2014�2022 (USD Million)
Table 33 Other Market, By Region, 2014�2022 (USD Million)
Table 34 Induction Grow Light 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 Light Market, By Type of Installation, 2014�2022 (USD Million)
Table 37 Plasma Grow Light Market, By Application, 2014�2022 (USD Million)
Table 38 Market, By Application, 2014�2022 (USD Million)
Table 39 Grow Light Market for Indoor Farming, By Technology, 2014�2022 (USD Million)
Table 40 Market for Indoor Farming, By Region, 2014�2022 (USD Million)
Table 41 Grow Light Market for Vertical Farming, By Technology, 2014�2022 (USD Million)
Table 42 Grow Light 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 Grow Lights 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 Grow Lights 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 Grow Lights Market in RoW, By Technology, 2014�2022 (USD Million)
Table 63 Market in RoW, By Application, 2014�2022 (USD Million)
Table 64 Grow Lights Market Ranking of Top Players in the Grow Lights Market

List of Figures (64 Figures)

Figure 1 Segmentation of the Grow Lights Market
Figure 2 Research Design
Figure 3 Market Size Estimation Meth0dology: Bottom-Up Approach
Figure 4 Market Size Estimation Meth0dology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Assumptions of the Research Study
Figure 7 Retrofit Installations to Lead the Market During the Forecast Period
Figure 8 Europe to Hold the Largest Share of the Market During the Forecast Period
Figure 9 LED Technology to Hold the Largest Size of the Market By 2022
Figure 10 Market for Vertical Farming to Witness the Highest Growth Between 2017 and 2022
Figure 11 Europe Held the Largest Share of the Market in 2016
Figure 12 Increase in Vertical Farming Practices to Drive the Market
Figure 13 Commercial Greenhouse Applications to Hold the Largest Size of the Market for Grow Lights During the Forecast Period
Figure 14 Netherlands Held the Largest Share of the Market in Europe in 2016
Figure 15 Europe Accounted for A Market Share of ~41% in 2016
Figure 16 Retrofit Installations to Lead the Market Between 2017 and 2022
Figure 17 Evolution of Grow Lights
Figure 18 Increase in Indoor Farming Practices and Government Initiatives to Adopt Energy-Efficient LED Lighting to Drive the Growth of the Market During the Forecast Period
Figure 19 Value Chain Analysis: HID and FL Grow Lights
Figure 20 Value Chain Analysis: LED Grow Lights
Figure 21 Porter�s Five Force Analysis � Grow Light Market
Figure 22 Porter�s Five Force: Impact Analysis
Figure 23 Grow Light Market: Threat of New Entrants
Figure 24 Grow Lights Market: Threat of Substitutes
Figure 25 Grow Light Market: Bargaining Power of Suppliers
Figure 26 Grow Lights 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 Grow Lights 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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Growth opportunities and latent adjacency in Grow Lights Market

alan1/22/2019 7:16:43 AM

We are a grow lighting manufacture, including, ballasts, HID and LED fixtures. We are planing a new product line but it is hard to decide to which will be better, HID or LED?

Eli8/30/2017 11:24:48 AM

What would be the price for all the tables related to Europe? Europe if the only region I am interested in.

chris3/18/2017 12:07:03 AM

Is there any discount on the single license price? I am interested in forecast from 2019-2025, by geographic region, by application, by top industry players?

Eli2/28/2017 9:48:41 AM

The price is outside my budget, I would buy this immediately if I have a discount.

Amy8/26/2016 2:20:07 AM

I am interested in the residential/household consumer segment of the market - is that clearly broken out in this report?

Richard4/28/2016 11:45:40 AM

Could you please let us know if the report includes the information at these detailed levels by country?

Fred4/8/2016 6:18:32 PM

We are the LED grow light manufacturers,supplying quality products with best price. we serve our growers from all over the world. We want to keep pace with technological advancements and opportunities in the LED grow light market and find the valuable clients from overseas. Thanks!