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

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

“Grow lights market to exhibit a high growth between 2017 and 2022”
The grow lights market was valued at USD 2.50 billion in 2016 and is likely to grow at a CAGR of 11.86% between 2017 and 2022. The key factors driving the growth of the market include growth in indoor farming practices, government initiatives to encourage the adoption of solid state lighting (SSL) technology such as LED, and rising demand for energy-efficient and long lasting grow lights technology. However, the high costs of energy-efficient grow lights are restraining the growth of this market.

“Commercial greenhouses to hold a major share of the grow lights market between 2017 and 2022”
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.

“Grow lights market in RoW to grow at a high rate in the coming years”
The market in RoW is expected to grow at a high rate between 2017 and 2022, owing to the increasing adoption of indoor farming practices especially in the Middle East and South American regions. The urban farming methodologies to meet the increasing demand for food and to mitigate the issues related to water scarcity and extreme temperatures have led to the increasing use of grow lights in this region. The grow lights market for vertical farming applications is expected to grow at a significant rate in this region in the near future. The Middle East and Africa hold a major share of the grow lights market in RoW.

Breakdown of the profile of the primary participants:
By Company Type: Tier 1 - 40%, Tier 2 - 35%, and Tier 3 - 25%
By Designation: C-Level Executives - 35%, Directors - 25%, and Others - 40%
By Region: North America - 45%, APAC - 30%, Europe - 20%, and RoW - 5%

The major key players operating in the grow lights 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), Iwasaki Electric Co., Ltd. (Japan), Illumitex, Inc. (U.S.), Hortilux Schreder B.V. (Netherlands), and Sunlight Supply, Inc. (U.S.).

Research Coverage:
In this report, various segments such as technology, installation, application, spectrum, and geography of the grow lights market have been covered. It also discusses the key drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: North America, Europe, APAC, and RoW (comprising South America, the Middle East, and Africa). The Porter’s five forces analysis has been included in the report, along with the description of each of its forces and their impact on the said market.

Reasons to Buy the Report:
This report includes the market statistics pertaining to technology, installation, application, and geography.
The Porter’s five forces framework has been utilized, along with the value chain analysis, to provide an in-depth insight into the grow lights market.
The major drivers, restraints, challenges, and opportunities for the grow lights market have been detailed in this report.
Illustrative segmentation, analysis, and forecast for markets based on technology, installation, application, and geography have been conducted to give an overall view of the market.
A detailed competitive landscape has been provided that includes key players, revenue of key players, and strategic developments, among others.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • SCOPE OF THE STUDY
      • MARKETS COVERED
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY AND PRICING
    • PACKAGE AND SIZE
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE GROW LIGHTS MARKET
    • GROW LIGHTS MARKET, BY APPLICATION
    • GROW LIGHTS MARKET IN EUROPE
    • SHARE OF LEADING COUNTRIES/REGIONS IN THE GROW LIGHTS MARKET, 2016
    • GROW LIGHTS MARKET, BY INSTALLATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • EVOLUTION OF GROW LIGHT TECHNOLOGIES
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
        • Table EFFECTS OF DIFFERENT SPECTRUM OF GROW LIGHTS ON PLANTS
      • OPPORTUNITIES
      • CHALLENGES
    • COMMONLY USED ACCESSORIES IN GROW LIGHTS
      • BULBS AND FIXTURES
      • METAL REFLECTORS & REFLECTIVE FILMS
      • BALLASTS
    • COMPARISON OF GROW LIGHTS
      • Table COMPARATIVE ANALYSIS OF DIFFERENT GROW LIGHTS
    • CROPS CURRENTLY GROWN USING GROW LIGHTS
      • TOMATOES
      • LETTUCE , BASIL, AND MINT
      • STRAWBERRIES
      • CANNABIS
      • AFRICAN VIOLETS
  • INDUSTRY TRENDS
    • VALUE CHAIN ANALYSIS
      • HID AND FL GROW LIGHTS
      • LED GROW LIGHTS
    • PORTER'S FIVE FORCE ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF COMPETITIVE RIVALRY
  • SPECTRUMS USED FOR GROW LIGHTS
    • INTRODUCTION
    • PARTIAL SPECTRUM
    • FULL SPECTRUM
  • GROW LIGHTS MARKET, BY INSTALLATION
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY INSTALLATION, 2014-2022 (USD MILLION)
    • NEW INSTALLATIONS
      • Table GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table MARKET FOR NEW INSTALLATIONS FOR HID, BY TYPE, 2014-2022 (USD MILLION)
      • Table MARKET FOR NEW INSTALLATIONS FOR FL, BY TYPE, 2014-2022 (USD MILLION)
    • RETROFIT
      • Table GROW LIGHTS MARKET FOR RETROFITS, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table MARKET FOR RETROFIT INSTALLATIONS FOR HID, BY TYPE, 2014-2022 (USD MILLION)
      • Table MARKET FOR RETROFITS FOR FL, BY TYPE, 2014-2022 (USD MILLION)
  • GROW LIGHTS MARKET, BY TECHNOLOGY
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY TECHNOLOGY, 2014-2022 (USD MILLION)
    • HIGH-INTENSITY DISCHARGE
      • Table HID GROW LIGHTS MARKET, BY TYPE, 2014-2022 (USD MILLION)
      • Table HID GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
      • Table HID GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table HID GROW LIGHTS MARKET, BY REGION, 2014-2022 (USD MILLION)
      • HIGH-PRESSURE SODIUM LAMP
        • Table HPS GROW LIGHTS MARKET, BY TYPE OF INSTALLATION , 2014-2022 (USD MILLION)
        • Table HPS GROW LIGHTS MARKET, BY APPLICATION , 2014-2022 (USD MILLION)
      • METAL-HALIDE LAMP
        • Table MH GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
        • Table MH GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
    • FLUORESCENT LIGHTING
      • Table FL GROW LIGHTS MARKET, BY TYPE, 2014-2022 (USD MILLION)
      • Table FL GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
      • Table FL GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table FL GROW LIGHTS MARKET, BY GEOGRAPHY, 2014-2022 (USD MILLION)
      • T5
        • Table T5 GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
        • Table T5 GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
      • CFL
        • Table CFL GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
        • Table CFL GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
    • LED
      • Table LED GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
      • Table LED GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table LED GROW LIGHTS MARKET, BY REGION, 2014-2022 (USD MILLION)
      • LED BASED ON CROP TYPE
    • OTHER TECHNOLOGIES
      • Table OTHER GROW LIGHTS MARKET, BY TYPE, 2014-2022 (USD MILLION)
      • Table OTHER GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
      • Table OTHER GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table OTHER GROW LIGHTS MARKET, BY REGION, 2014-2022 (USD MILLION)
      • INDUCTION LIGHTING
        • Table INDUCTION GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
        • Table INDUCTION GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
      • PLASMA LIGHTING
        • Table PLASMA GROW LIGHTS MARKET, BY TYPE OF INSTALLATION, 2014-2022 (USD MILLION)
        • Table PLASMA GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
  • GROW LIGHTS MARKET, BY APPLICATION
    • INTRODUCTION
      • Table GROW LIGHTS MARKET, BY APPLICATION, 2014-2022 (USD MILLION)
    • INDOOR FARMING
      • Table GROW LIGHTS MARKET FOR INDOOR FARMING, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2014-2022 (USD MILLION)
    • VERTICAL FARMING
      • Table GROW LIGHTS MARKET FOR VERTICAL FARMING, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2014-2022 (USD MILLION)
    • COMMERCIAL GREENHOUSE
      • Table GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSES, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSES, BY REGION, 2014-2022 (USD MILLION)
    • TURF AND LANDSCAPING
      • Table GROW LIGHTS MARKET FOR TURF AND LANDSCAPING, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET FOR TURF AND LANDSCAPING, BY REGION, 2014-2022 (USD MILLION)
    • RESEARCH
      • Table GROW LIGHTS MARKET FOR RESEARCH, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET FOR RESEARCH, BY REGION, 2014-2022 (USD MILLION)
    • OTHER APPLICATIONS
      • Table GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2014-2022 (USD MILLION)
  • GROW LIGHTS MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table GROW LIGHT MARKET SIZE, BY REGION, 2014-2022 (USD MILLION)
    • NORTH AMERICA
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY APPLICATION, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY, 2014-2022 (USD MILLION)
      • U.S.
      • CANADA
      • MEXICO
    • EUROPE
      • Table GROW LIGHTS MARKET IN EUROPE, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN EUROPE, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN EUROPE, BY APPLICATION, 2014-2022 (USD MILLION)
      • UK
      • GERMANY
      • NETHERLANDS
      • SCANDINAVIA
      • REST OF EUROPE
    • ASIA-PACIFIC
      • Table GROW LIGHTS MARKET IN APAC, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN APAC, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN APAC, BY APPLICATION, 2014-2022 (USD MILLION)
      • CHINA
      • JAPAN
      • AUSTRALIA
      • NEW ZEALAND
      • REST OF APAC
    • REST OF THE WORLD
      • Table GROW LIGHTS MARKET IN ROW, BY COUNTRY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN ROW, BY TECHNOLOGY, 2014-2022 (USD MILLION)
      • Table GROW LIGHTS MARKET IN ROW, BY APPLICATION, 2014-2022 (USD MILLION)
      • SOUTH AMERICA
      • MIDDLE EAST AND AFRICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • MARKET RANKING ANALYSIS
      • Table MARKET RANKING OF TOP PLAYERS IN THE GROW LIGHTS MARKET
    • COMPETITIVE SITUATIONS AND TRENDS
    • COMPETITIVE ANALYSIS
      • NEW PRODUCT LAUNCHES
      • CONTRACTS,PARTNERSHIPS, AGREEMENTS,COLLABORATIONS, AND PROJECTS
      • EXPANSIONS, DIVESTMENTS, AND AWARDS
  • COMPANY PROFILES
    • INTRODUCTION
    • ROYAL PHILIPS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OSRAM LICHT AG
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GAVITA HOLLAND B.V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LUMIGROW INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HELIOSPECTRA AB.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • IWASAKI ELECTRIC CO., LTD.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • ILLUMITEX INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • HORTILUX SCHREDER B.V.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • SUNLIGHT SUPPLY INC.
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
    • KEY INNOVATORS
      • AEROFARMS
      • FLUENCE BIOENGINEERING
      • EMIUM LLC
      • INDULUX TECHNOLOGIES INC.
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE:
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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