Market Overview:
The global LED agricultural lighting market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for LED agricultural lights owing to their benefits such as energy efficiency, low heat emission, and long life span as compared to traditional lighting sources. In addition, the increasing awareness about the benefits of using LED lights in agriculture is also propelling the growth of this market. Based on type, the global LED agricultural lighting market can be segmented into high power and low power LEDs. High power LEDs are expected to witness higher growth rates during the forecast period as they offer better performance than low power LEDs. Based on application,the global LED agricultural lightingmarket can be divided into growing seedlings, flower & bonsai cultivation, marijuana cultivation, fruit cultivation vegetable cultivation and others (including aquaculture).
Product Definition:
LED Agricultural Lighting is a type of agricultural lighting that uses light emitting diodes (LEDs) as its source of illumination. LED Agricultural Lighting is important because it can be used to improve crop yields by providing supplemental light to crops in low-light conditions, or when the sun is not shining. LED Agricultural Lighting can also be used to extend the growing season by providing supplemental light to crops during the winter months.
High Power (≥300W):
High power (≥300W) LED agricultural lighting market size was valued at USD 5,15 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022. The growth can be attributed to the increasing adoption of LED technology across various applications such as street lights, signage & display panels, general illumination and high power backlighting for agriculture purposes.
Low Power (＜300W):
The global LED agricultural lighting market size was valued at USD 2.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing demand for energy-efficient solutions, coupled with the growing adoption of LEDs in various applications including agriculture, is expected to drive industry growth over the next seven years.
Application Insights:
Growing seedlings application segment led the market in 2017 and is projected to witness significant growth over the forecast period. Growing seedlings require a constant supply of light as they are growing and developing rapidly, which results in high demand for LED lights. This application segment is expected to account for more than 40% of the total revenue share by 2030 owing to increasing adoption rate among cultivators across various regions.
The marijuana cultivation application segment accounted for a significant revenue share in 2017 due largely to rising weed production across several regions, such as Asia Pacific and Latin America. Marijuana requires bright light during its vegetative stage of growth, which provides an excellent opportunity for LED lighting solutions since these grow lights provide optimum brightness at shorter distances compared to High Power LEDs (HPLs). Furthermore, technological advancements such as smart lighting systems that can be controlled remotely through mobile applications are further boosting industry growth.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing demand for LED lighting in agricultural applications from countries, such as U.S., Canada, and Mexico owing to climatic changes and need for energy conservation. Moreover, presence of key companies that provide technologically advanced products is also driving the regional market growth.
Asia Pacific region accounted for more than 25% share in 2017 due to high adoption rate of new technologies especially in developing economies including China and India which are majorly driven by growing population and rising living standards resulting into increased spending on food production systems including indoor farming facilities across these countries which will further drive the overall industry demand over next eight years till 2030 time frame. Furthermore, supportive government policies aimed at promoting investments related to agriculture are anticipated to boost industry expansion over next eight years till 2030 time frame).
Growth Factors:
- Increasing demand for food due to population growth
- Rising awareness about the benefits of LED agricultural lighting among farmers
- Technological advancements in LED agricultural lighting systems
- Government initiatives and subsidies for adoption of LED agricultural lighting systems
- Growing demand from emerging markets
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Agricultural Lighting Market Research Report
By Type
High Power (≥300W), Low Power (＜300W)
By Application
Growing Seedlings, Flower & Bonsai, Marijuana, Fruit, Vegetables, Others
By Companies
Signify, GE, Osram, Everlight Electronics Co., Ltd., Gavita, Hubbell Lighting, Kessil, Cree, Illumitex, Lumigrow, Fionia Lighting, Valoya, Heliospectra AB, Cidly, Ohmax Optoelectronic, Shenzhen Lianhao, Kougin
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global LED Agricultural Lighting Market Report Segments:
The global LED Agricultural Lighting market is segmented on the basis of:
Types
High Power (≥300W), Low Power (＜300W)
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
Growing Seedlings, Flower & Bonsai, Marijuana, Fruit, Vegetables, 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:
- Signify
- GE
- Osram
- Everlight Electronics Co., Ltd.
- Gavita
- Hubbell Lighting
- Kessil
- Cree
- Illumitex
- Lumigrow
- Fionia Lighting
- Valoya
- Heliospectra AB
- Cidly
- Ohmax Optoelectronic
- Shenzhen Lianhao
- Kougin
Highlights of The LED Agricultural Lighting 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:
- High Power (≥300W)
- Low Power (＜300W)
- By Application:
- Growing Seedlings
- Flower & Bonsai
- Marijuana
- Fruit
- Vegetables
- 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 Lighting 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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 lighting is a type of LED lighting that is used in agriculture. It consists of individual LEDs that are placed inside light fixtures or lamps to provide light for crops.
Some of the major players in the led agricultural lighting market are Signify, GE, Osram, Everlight Electronics Co., Ltd., Gavita, Hubbell Lighting, Kessil, Cree, Illumitex, Lumigrow, Fionia Lighting, Valoya, Heliospectra AB, Cidly, Ohmax Optoelectronic, Shenzhen Lianhao, Kougin.
The led agricultural lighting market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Agricultural Lighting 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 Lighting Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Agricultural Lighting 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 Lighting 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 Lighting Market Size & Forecast, 2018-2028
4.5.1 LED Agricultural Lighting Market Size and Y-o-Y Growth
4.5.2 LED Agricultural Lighting Market Absolute $ Opportunity
Chapter 5 Global LED Agricultural Lighting 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 Lighting Market Size Forecast by Type
5.2.1 High Power (≥300W)
5.2.2 Low Power (＜300W)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Agricultural Lighting 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 Lighting Market Size Forecast by Applications
6.2.1 Growing Seedlings
6.2.2 Flower & Bonsai
6.2.3 Marijuana
6.2.4 Fruit
6.2.5 Vegetables
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Agricultural Lighting 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 Lighting 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 Lighting Analysis and Forecast
9.1 Introduction
9.2 North America LED Agricultural Lighting 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 Lighting Market Size Forecast by Type
9.6.1 High Power (≥300W)
9.6.2 Low Power (＜300W)
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 Lighting Market Size Forecast by Applications
9.10.1 Growing Seedlings
9.10.2 Flower & Bonsai
9.10.3 Marijuana
9.10.4 Fruit
9.10.5 Vegetables
9.10.6 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 Lighting Analysis and Forecast
10.1 Introduction
10.2 Europe LED Agricultural Lighting 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 Lighting Market Size Forecast by Type
10.6.1 High Power (≥300W)
10.6.2 Low Power (＜300W)
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 Lighting Market Size Forecast by Applications
10.10.1 Growing Seedlings
10.10.2 Flower & Bonsai
10.10.3 Marijuana
10.10.4 Fruit
10.10.5 Vegetables
10.10.6 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 Lighting Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Agricultural Lighting 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 Lighting Market Size Forecast by Type
11.6.1 High Power (≥300W)
11.6.2 Low Power (＜300W)
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 Lighting Market Size Forecast by Applications
11.10.1 Growing Seedlings
11.10.2 Flower & Bonsai
11.10.3 Marijuana
11.10.4 Fruit
11.10.5 Vegetables
11.10.6 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 Lighting Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Agricultural Lighting 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 Lighting Market Size Forecast by Type
12.6.1 High Power (≥300W)
12.6.2 Low Power (＜300W)
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 Lighting Market Size Forecast by Applications
12.10.1 Growing Seedlings
12.10.2 Flower & Bonsai
12.10.3 Marijuana
12.10.4 Fruit
12.10.5 Vegetables
12.10.6 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 Lighting Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Agricultural Lighting 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 Lighting Market Size Forecast by Type
13.6.1 High Power (≥300W)
13.6.2 Low Power (＜300W)
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 Lighting Market Size Forecast by Applications
13.10.1 Growing Seedlings
13.10.2 Flower & Bonsai
13.10.3 Marijuana
13.10.4 Fruit
13.10.5 Vegetables
13.10.6 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 Lighting Market: Competitive Dashboard
14.2 Global LED Agricultural Lighting Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Signify
14.3.2 GE
14.3.3 Osram
14.3.4 Everlight Electronics Co., Ltd.
14.3.5 Gavita
14.3.6 Hubbell Lighting
14.3.7 Kessil
14.3.8 Cree
14.3.9 Illumitex
14.3.10 Lumigrow
14.3.11 Fionia Lighting
14.3.12 Valoya
14.3.13 Heliospectra AB
14.3.14 Cidly
14.3.15 Ohmax Optoelectronic
14.3.16 Shenzhen Lianhao
14.3.17 Kougin
