Market Overview:
The global LED agricultural grow lights market is expected to register a CAGR of 10.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for LED agricultural grow lights from the horticulture industry, owing to their benefits such as energy efficiency and low heat emission. In addition, factors such as rising awareness about the benefits of using LED agricultural grow lights and technological advancements are also contributing to the growth of this market. Based on type, the global LED agricultural grow lights market is segmented into 100w, 300w, 500w and others. Among these segments, 500w segment is expected to witness highest CAGR during forecast period due high adoption by end users owing superior performance in terms of lumen output and PAR values as compared to other wattages available in the market. Based on application, vegetables segment accounts for majority share in terms revenue generated by global LED agricultural grow light market followed by flowers & plants and others segments respectively.
Product Definition:
LED agricultural grow lights are used to provide supplemental lighting in greenhouses and indoor growing operations. LED grow lights are more efficient than traditional grow light bulbs and can be tuned to emit specific wavelengths of light that promote plant growth. LED agricultural grow lights have become increasingly popular in recent years due to their energy efficiency and ability to promote plant growth.
100w:
100w is the power consumption of a LED grow light. It's used to indicate the power required for lighting an area of 1 square meter at a distance of 1 meter. The higher the number, the more powerful and efficient light source it is.
300w:
300w is a power rating for an LED grow light. It means 300 watts of light output at the end of its spectrum. The higher the number, the more intense and pure white light source it provides. 300w LED grow lights have wavelengths ranging from 3,000-6,500lm depending on what color temperature we are referring to (cooler colors have lower numbers). These lights provide high intensity and purity which is necessary for plant growth as well as fruit setting process.
Application Insights:
The vegetables, flowers and plants segment held the largest market share in 2017. This is attributed to the rising demand for vegetables such as cabbage, broccoli, Brussel sprouts and cauliflower. These crops require a lot of light to develop their full potential which results in high demand for grow lights in this application segment. The increasing use of LED grow lights has enabled farmers to produce more crops with less effort which further boosts product demand.
Flowering plants such as orchids also require a lot of light so they can develop their fullest potential resulting in high product penetration across various flowering plant applications globally. Other than these two major applications segments global LED agricultural grow lights market by type is categorized into others including fruits and nuts followed by livestock farming where animals are reared on farms like cows, buffalos etc.
Regional Analysis:
North America led the global market in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing adoption of LED lights for crop cultivation and advancements in farming practices. For instance, farmers from North America are adopting hydroponics, aeroponics, and vertical gardening techniques for growing crops efficiently using LEDs as light sources.
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to rising demand from small-scale vegetable growers as well as large-scale commercial farms operating within China and India. Furthermore, favorable government regulations aimed at promoting new investments related to agricultural lighting solutions are expected drive regional growth during the forecast years.
Growth Factors:
- Increasing demand for high quality and nutritious food: The global population is expected to grow to 9.7 billion by 2050, which will increase the demand for food. LED agricultural grow lights can help meet this demand by providing a more efficient way to produce high quality and nutritious crops.
- Rising awareness of the benefits of LED lighting: As people become more aware of the benefits of LED lighting, they are increasingly using it in a variety of applications, including agriculture. This growing awareness is helping to drive the growth of the LED agricultural grow light market.
- Advances in technology: The development of new technologies is helping to drive growth in the LED agricultural grow light market by making these lights more efficient and affordable. For example, recent advances in nanotechnology have led to the development of LEDs that are smaller and emit more light than traditional LEDs. This has helped make LEDs a cost-effective option for many applications, including agriculture.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Agricultural Grow Lights Market Research Report
By Type
100w, 300w, 500w, Others
By Application
Vegetables, Flowers and Plants, Others
By Companies
Philips, Osram, GE, Illumitex, Everlight Electronics, Opto-LED Technology, Syhdee, Epistar, Sanxinbao Semiconductor, Valoya, Philips, Fionia Lighting, Netled, Apollo Horticulture, Grow LED Hydro, Kessil, Spectrum King Grow Lights, Cidly, Weshine, K-light, QEE Technology, Rosy Electronics, Ohmax Optoelectronic Lighting, Zhicheng Lighting
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global LED Agricultural Grow Lights Market Report Segments:
The global LED Agricultural Grow Lights market is segmented on the basis of:
Types
100w, 300w, 500w, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Vegetables, Flowers and Plants, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Philips
- Osram
- GE
- Illumitex
- Everlight Electronics
- Opto-LED Technology
- Syhdee
- Epistar
- Sanxinbao Semiconductor
- Valoya
- Philips
- Fionia Lighting
- Netled
- Apollo Horticulture
- Grow LED Hydro
- Kessil
- Spectrum King Grow Lights
- Cidly
- Weshine
- K-light
- QEE Technology
- Rosy Electronics
- Ohmax Optoelectronic Lighting
- Zhicheng Lighting
Highlights of The LED Agricultural Grow Lights Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 100w
- 300w
- 500w
- Others
- By Application:
- Vegetables
- Flowers and Plants
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the LED Agricultural Grow Lights Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
LED agricultural grow lights are a type of light that is used to grow plants. They are made up of small LED lights that are placed around the plant and they use less energy than other types of lighting. This makes them a good choice for people who want to save on their energy bills.
Some of the major players in the led agricultural grow lights market are Philips, Osram, GE, Illumitex, Everlight Electronics, Opto-LED Technology, Syhdee, Epistar, Sanxinbao Semiconductor, Valoya, Philips, Fionia Lighting, Netled, Apollo Horticulture, Grow LED Hydro, Kessil, Spectrum King Grow Lights, Cidly, Weshine, K-light, QEE Technology, Rosy Electronics, Ohmax Optoelectronic Lighting, Zhicheng Lighting.
The led agricultural grow lights market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Agricultural Grow Lights Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 LED Agricultural Grow Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Agricultural Grow Lights Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the LED Agricultural Grow Lights Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global LED Agricultural Grow Lights Market Size & Forecast, 2018-2028
4.5.1 LED Agricultural Grow Lights Market Size and Y-o-Y Growth
4.5.2 LED Agricultural Grow Lights Market Absolute $ Opportunity
Chapter 5 Global LED Agricultural Grow Lights Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 LED Agricultural Grow Lights Market Size Forecast by Type
5.2.1 100w
5.2.2 300w
5.2.3 500w
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Agricultural Grow Lights Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 LED Agricultural Grow Lights Market Size Forecast by Applications
6.2.1 Vegetables
6.2.2 Flowers and Plants
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Agricultural Grow Lights Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 LED Agricultural Grow Lights Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America LED Agricultural Grow Lights Analysis and Forecast
9.1 Introduction
9.2 North America LED Agricultural Grow Lights Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America LED Agricultural Grow Lights Market Size Forecast by Type
9.6.1 100w
9.6.2 300w
9.6.3 500w
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America LED Agricultural Grow Lights Market Size Forecast by Applications
9.10.1 Vegetables
9.10.2 Flowers and Plants
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe LED Agricultural Grow Lights Analysis and Forecast
10.1 Introduction
10.2 Europe LED Agricultural Grow Lights Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe LED Agricultural Grow Lights Market Size Forecast by Type
10.6.1 100w
10.6.2 300w
10.6.3 500w
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe LED Agricultural Grow Lights Market Size Forecast by Applications
10.10.1 Vegetables
10.10.2 Flowers and Plants
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific LED Agricultural Grow Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Agricultural Grow Lights Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific LED Agricultural Grow Lights Market Size Forecast by Type
11.6.1 100w
11.6.2 300w
11.6.3 500w
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific LED Agricultural Grow Lights Market Size Forecast by Applications
11.10.1 Vegetables
11.10.2 Flowers and Plants
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America LED Agricultural Grow Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Agricultural Grow Lights Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America LED Agricultural Grow Lights Market Size Forecast by Type
12.6.1 100w
12.6.2 300w
12.6.3 500w
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America LED Agricultural Grow Lights Market Size Forecast by Applications
12.10.1 Vegetables
12.10.2 Flowers and Plants
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) LED Agricultural Grow Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Agricultural Grow Lights Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) LED Agricultural Grow Lights Market Size Forecast by Type
13.6.1 100w
13.6.2 300w
13.6.3 500w
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) LED Agricultural Grow Lights Market Size Forecast by Applications
13.10.1 Vegetables
13.10.2 Flowers and Plants
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 LED Agricultural Grow Lights Market: Competitive Dashboard
14.2 Global LED Agricultural Grow Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Philips
14.3.2 Osram
14.3.3 GE
14.3.4 Illumitex
14.3.5 Everlight Electronics
14.3.6 Opto-LED Technology
14.3.7 Syhdee
14.3.8 Epistar
14.3.9 Sanxinbao Semiconductor
14.3.10 Valoya
14.3.11 Philips
14.3.12 Fionia Lighting
14.3.13 Netled
14.3.14 Apollo Horticulture
14.3.15 Grow LED Hydro
14.3.16 Kessil
14.3.17 Spectrum King Grow Lights
14.3.18 Cidly
14.3.19 Weshine
14.3.20 K-light
14.3.21 QEE Technology
14.3.22 Rosy Electronics
14.3.23 Ohmax Optoelectronic Lighting
14.3.24 Zhicheng Lighting
