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LED Grow Light Market by Wattage, Type of Installation (New, Retrofit), Spectrum (Partial, Full), Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, and Others), and Geography - Forecast to 2020

LED Grow Light Market by Wattage, Type of Installation (New, Retrofit), Spectrum (Partial, Full), Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, and Others), and Geography - Forecast to 2020

Light-Emitting Diode (LED) grow light is a specialized kind of LED lighting system, which is witnessing increased adoption across all application areas. This is primarily due to the capacity of this technology to produce food in controlled environment through vertical farming, commercial greenhouse, and indoor farming among many others. The increasing population in urban areas requires high food production and through natural lighting food can be produced seasonally. LED grow light technology is helping growers in producing food under controlled environment as a substitute to natural lighting.

Earlier, only low-power LED grow lights were available. But after years of research, up to 1,200 W LED grow lights are available nowadays. Recent development in technology opened the new applications for LED grow light such as vertical farming, and smart greenhouse among others. The use of LED grow light in vertical farming and commercial greenhouse is increasing rapidly due to increased production cycle with LED grow light. Vertical farming is the fastest growing application in the LED grow light market with a Compound Annual Growth Rate (CAGR) of 30.29% from 2015 to 2020. This application is expected to reach a value worth $401.72 million by 2020. The low-space area cultivation of vertical farming is the main reason for its high growth in the LED grow light market. Vertical farming is mainly used in urban areas due to space constraint. The commercial greenhouse application hold the largest share in LED grow light market in 2015, and it is expected to dominate the market during the forecast period. The LED grow light increases the food production by providing appropriate light required for healthy food cultivation that increases the profit of farmers. Hence, many countries in developed regions such as North America and Europe are using LED grow light in their commercial greenhouses. Also, in some of the countries in Asia-Pacific (APAC) region, such as Japan, Russia, and China, the LED grow light market in commercial greenhouses has impressive growth.

In this report, the LED grow light market is segmented on the basis of spectrum into partial spectrum and full spectrum. The product used in this technology are categorized into low power (<300 W) and high power (>300 W). The application segments for LED grow light covered in this study include indoor farming, commercial greenhouse, vertical farming, turf and landscaping, research, and others. Each product, application, and component is analyzed both in terms of qualitative and quantitative aspect, and it includes all subsegments with detailed analysis. The competitive landscape section of the report primarily focuses on key industry players in the LED grow light market, their latest developments, and respective market shares. Furthermore, the report entails emerging market trends, advancements in the technological space, market demand of the segments, key growth areas, market size, region-wise demand factors, and key competitors’ analysis.

The geographic segmentation of the report covers four major regions of the world, namely, North America, Europe, APAC, and Rest of the World (RoW). The report also profiles major players in the LED grow light market. Some of the major players in this market are Alta LED Corporation (U.S.), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Everlight Electronics Co. Ltd. (Taiwan), General Electric Company (U.S.), Heliospectra AB (Sweden), Illumitex, Inc. (U.S.), Lumigrow, Inc. (U.S.), Osram Licht AG (Germany), and Royal Philips Electronics N.V. (Netherlands).


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • STUDY SCOPE
      • MARKETS COVERED
      • GEOGRAPHIC SCOPE
      • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • 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 AND LIMITATIONS
      • ASSUMPTIONS
      • LIMITATIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE GROWTH OPPORTUNITIES IN THE LED GROW LIGHT MARKET
    • LED GROW LIGHT MARKET, BY APPLICATION
    • LED GROW LIGHT MARKET IN THE ASIA-PACIFIC REGION, 2014
    • U.S. COMMANDED LEADING MARKET SHARE IN THE LED GROW LIGHT MARKET IN 2014
    • VERTICAL FARMING IS EXPECTED TO BE THE FASTEST GROWING APPLICATION FOR LED GROW LIGHT DURING 2015-2020
  • MARKET OVERVIEW
    • INTRODUCTION
    • EVOLUTION OF LED GROW LIGHTS
    • MARKET SEGMENTATION
    • MARKET DYNAMICS
      • DRIVERS
        • Table DRIVERS: IMPACT ANALYSIS
      • RESTRAINTS
        • Table RESTRAINTS: IMPACT ANALYSIS
      • OPPORTUNITIES
        • Table OPPORTUNITIES: IMPACT ANALYSIS
      • CHALLENGES
        • Table CHALLENGES: IMPACT ANALYSIS
  • INDUSTRY TRENDS
    • VALUE CHAIN
    • STRATEGIC BENCHMARKING
      • CONTRACTS, AGREEMENTS, AND PRODUCT INNOVATIONS
    • PORTER'S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTES
      • BARGAINING POWER OF SUPPLIERS
      • BARGAINING POWER OF BUYERS
      • INTENSITY OF RIVALRY
  • LED GROW LIGHT MARKET, BY PRODUCT
    • INTRODUCTION
      • Table LED GROW LIGHT MARKET SIZE, BY PRODUCT, 2014-2020 (USD MILLION)
    • <300 WATT
    • >300 WATT
  • LED GROW LIGHT MARKET, BY INSTALLATION TYPE
    • INTRODUCTION
      • Table LED GROW LIGHTING MARKET SIZE, BY TYPE OF INSTALLATION, 2014-2020 (USD MILLION)
    • NEW INSTALLATION
    • RETROFIT
  • LED GROW LIGHT MARKET, BY SPECTRUM
    • INTRODUCTION
      • Table LED GROW LIGHT MARKET SIZE, BY SPECTRUM, 2014-2020 (USD MILLION)
    • PARTIAL SPECTRUM
    • FULL SPECTRUM
  • LED GROW LIGHT MARKET, BY APPLICATION
    • INTRODUCTION
      • Table LED GROW LIGHT MARKET SIZE, BY APPLICATION, 2014-2020 (USD MILLION)
    • INDOOR FARMING
      • Table INDOOR FARMING MARKET SIZE, BY WATT, 2014-2020 (USD MILLION))
      • Table INDOOR FARMING MARKET SIZE, BY SPECTRUM, 2014-2020 (USD MILLION)
      • Table INDOOR FARMING MARKET SIZE, BY GEOGRAPHY, 2014-2020 (USD MILLION)
    • COMMERCIAL GREENHOUSE
      • Table COMMERCIAL GREENHOUSE MARKET SIZE, BY WATT, 2014-2020 (USD MILLION)
      • Table COMMERCIAL GREENHOUSE MARKET SIZE, BY SPECTRUM, 2014-2020 (USD MILLION)
      • Table COMMERCIAL GREENHOUSE MARKET SIZE, BY GEOGRAPHY, 2014-2020 (USD MILLION)
    • VERTICAL FARMING
      • Table VERTICAL FARMING MARKET SIZE, BY WATT, 2014-2020 (USD MILLION)
      • Table VERTICAL FARMING MARKET SIZE, BY SPECTRUM, 2014-2020 (USD MILLION)
      • Table VERTICAL FARMING MARKET SIZE, BY GEOGRAPHY, 2014-2020 (USD MILLION)
    • TURF AND LANDSCAPING
      • Table TURF & LANDSCAPING MARKET SIZE, BY WATT, 2014-2020 (USD MILLION)
      • Table TURF & LANDSCAPING MARKET SIZE, BY SPECTRUM, 2014-2020 (USD MILLION)
      • Table TURF & LANDSCAPING MARKET SIZE, BY GEOGRAPHY, 2014-2020 (USD MILLION)
    • RESEARCH
      • Table RESEARCH MARKET SIZE, BY WATT, 2014-2020 (USD MILLION)
      • Table RESEARCH MARKET SIZE, BY SPECTRUM, 2014-2020 (USD MILLION)
      • Table RESEARCH MARKET SIZE, BY GEOGRAPHY, 2014-2020 (USD MILLION)
    • OTHERS
      • Table OTHERS MARKET SIZE, BY WATT, 2014-2020 (USD MILLION)
      • Table OTHER APPLICATION MARKET SIZE, BY SPECTRUM, 2014-2020 (USD MILLION)
      • Table OTHER APPLICATION MARKET SIZE, BY GEOGRAPHY, 2014-2020 (USD MILLION)
  • LED GROW LIGHT MARKET, BY GEOGRAPHY
    • INTRODUCTION
      • Table LED GROW LIGHT MARKET, BY GEOGRAPHY, 2014-2020 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: LED GROW LIGHTING MARKET SIZE, BY APPLICATION, 2014-2020 (USD MILLION)
      • Table NORTH AMERICA: LED GROW LIGHTING MARKET SIZE, BY COUNTRY, 2014-2020 (USD MILLION)
    • EUROPE
      • Table EUROPE: LED GROW LIGHTING MARKET SIZE, BY APPLICATION, 2014-2020 (USD MILLION)
      • Table EUROPE: LED GROW LIGHTING MARKET SIZE, BY COUNTRY, 2014-2020 (USD MILLION)
    • APAC
      • Table APAC: LED GROW LIGHTING MARKET SIZE, BY APPLICATION, 2014-2020 (USD MILLION)
      • Table APAC: LED GROW LIGHTING MARKET SIZE, BY COUNTRY, 2014-2020 (USD MILLION)
    • ROW
      • Table RoW: LED GROW LIGHTING MARKET SIZE, BY APPLICATION, 2014-2020 (USD MILLION)
      • Table RoW: LED GROW LIGHTING MARKET SIZE, BY COUNTRY, 2014-2020 (USD MILLION)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET RANKING ANALYSIS
      • MARKET RANKING ANALYSIS FOR LED GROW LIGHT MARKET, 2014
    • COMPETITIVE SITUATION AND TRENDS
      • NEW PRODUCT LAUNCHES
        • Table NEW PRODUCT LAUNCHES, 2014-2015
      • AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES
        • Table AGREEMENTS, PARTNERSHIPS, COLLABORATIONS, AND JOINT VENTURES, 2014-2015
      • OTHER DEVELOPMENTS
        • Table OTHER DEVELOPMENTS, 2014-2015
  • COMPANY PROFILES
    • INTRODUCTION
    • ROYAL PHILIPS ELECTRONICS N.V.
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LUMIGROW, INC.
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • OSRAM LICHT AG
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HELIOSPECTRA AB
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • GENERAL ELECTRIC COMPANY
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • CREE, INC.
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
    • EVERLIGHT ELECTRONICS CO. LTD.
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
    • ALTA LED CORPORATION
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
    • BRIDGELUX, INC.
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
    • ILLUMITEX, INC.
      • BUSINESS OVERVIEW
      • PRODUCT PORTFOLIO
      • RECENT DEVELOPMENTS
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS

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