Market Overview:
The global LED grow light sales market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for LED grow lights from commercial greenhouse and indoor growing facilities applications. Additionally, the rising awareness about the benefits of using LED grow lights is also expected to fuel the growth of this market during the forecast period. On basis of type, partial spectrum light held a dominant share in 2017 and is anticipated to maintain its dominance throughout the forecast period. This can be attributed to its low cost as compared with full spectrum light and ability to cover a wide area.
Product Definition:
LED grow light sales are important because they provide a way for people to purchase LED lights specifically designed for growing plants. LED grow lights are important because they produce less heat than other types of grow lights, which can be beneficial for plant growth.
Partial Spectrum Light:
LED grow light sales market is expected to witness significant growth over the forecast period owing to factors such as energy efficiency, reduced cost of operation, and high quality. The partial spectrum light provides all these benefits in a single source. It has been used by many growers for many years as a substitute for sunlight because it closely simulates natural sunlight with the right spectrum of visible light for plant growth.
Full Spectrum Light:
Full Spectrum Light or General Illumination is a type of lighting system that provides white light. The term full spectrum usually refers to natural or broad-spectrum light sources, such as the sun and the moon. Full spectrum grow lights provide all the wavelengths of visible light necessary for plant growth; unlike fluorescent lamps, which only produce certain portions of the electromagnetic spectrum useful for plant growth (red and blue).
Application Insights:
Based on the application, the market has been segmented into commercial greenhouse, indoor growing facilities, research and application. The indoor growing facilities segment is expected to witness significant growth over the forecast period owing to an increase in demand for marijuana for medical and recreational use. This has led to an increased number of cultivators focusing on developing high-quality products that can be used by patients with chronic pain or mental disorders.
The research and application segment accounted for a major share in 2017 due to extensive R&D activities being carried out by various companies especially pertaining to efficiency enhancements of LED grow lights along with applications such as plant breeding and genetic modification studies using transgenic plants.
Regional Analysis:
The market in North America is expected to witness significant growth over the forecast period owing to increasing awareness among cultivators regarding the use of advanced lighting technologies. The region accounted for a revenue share of more than 30% in 2017 and is anticipated to continue its dominance over the forecast period.
Growing demand for LED grow light solutions from cultivators in Europe has encouraged several manufacturers based out of Europe, such as OSRAM GmbH, Signify Holdings Limited, and Philips Luminaire ICT Lighting division, to establish distribution channels across this region. This trend is projected to continue over the next eight years due to increased adoption by cultivators operating within this region.
Asia Pacific led with a revenue share exceeding 40% in 2017 owing rising urbanization trends that have been creating an urgent need for indoor farming facilities across countries such as Japan and China.
Growth Factors:
- Increasing demand for organic fruits and vegetables: The global market for organic fruits and vegetables is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about the benefits of consuming organic produce among consumers. LED grow lights are an ideal option for growing organic produce as they do not emit any harmful chemicals or gases that could contaminate the food.
- Rising demand for indoor farming: With the ever-growing population, there is a rising demand for food production in urban areas. Indoor farming offers an efficient way to meet this demand by using limited space efficiently. LED grow lights are perfect for indoor farming as they consume less power and offer better yields than other types of lighting fixtures.
- Growing popularity of hydroponic gardening: Hydroponic gardening is a type of gardening where plants are grown in water instead of soil. This method has gained popularity in recent years due to its many advantages such as low water consumption, no soil erosion, and no need for pesticides or fertilizers. LED grow lights are perfect for hydroponic gardening as they provide uniform light distribution without generating too much heat, which can damage plants."
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Grow light Sales Market Research Report
By Type
Partial Spectrum Light, Full Spectrum Light
By Application
Commercial Greenhouse, Indoor Growing Facilities, Research and Application
By Companies
Signify, General Electric, Osram, Everlight Electronics, Gavita, Hubbell Lighting, Kessil, Cree, Illumitex, Lumigrow, Senmatic A/S, Valoya, Heliospectra AB, Cidly, Ohmax Optoelectronic, AIS LED Light, Vipple, Growray, California Lightworks, VANQ Technology, Yaham Lighting, PARUS
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global LED Grow light Sales Market Report Segments:
The global LED Grow light Sales market is segmented on the basis of:
Types
Partial Spectrum Light, Full Spectrum Light
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
Commercial Greenhouse, Indoor Growing Facilities, Research and Application
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
- General Electric
- Osram
- Everlight Electronics
- Gavita
- Hubbell Lighting
- Kessil
- Cree
- Illumitex
- Lumigrow
- Senmatic A/S
- Valoya
- Heliospectra AB
- Cidly
- Ohmax Optoelectronic
- AIS LED Light
- Vipple
- Growray
- California Lightworks
- VANQ Technology
- Yaham Lighting
- PARUS
Highlights of The LED Grow light Sales 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:
- Partial Spectrum Light
- Full Spectrum Light
- By Application:
- Commercial Greenhouse
- Indoor Growing Facilities
- Research and Application
- 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 Grow light Sales 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 grow light sales are the sale of LED grow lights to growers.
Some of the key players operating in the led grow light sales market are Signify, General Electric, Osram, Everlight Electronics, Gavita, Hubbell Lighting, Kessil, Cree, Illumitex, Lumigrow, Senmatic A/S, Valoya, Heliospectra AB, Cidly, Ohmax Optoelectronic, AIS LED Light, Vipple, Growray, California Lightworks, VANQ Technology, Yaham Lighting, PARUS.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 LED Grow light Sales 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 Grow light Sales Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 LED Grow light Sales 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 Grow light Sales 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 Grow light Sales Market Size & Forecast, 2018-2028
4.5.1 LED Grow light Sales Market Size and Y-o-Y Growth
4.5.2 LED Grow light Sales Market Absolute $ Opportunity
Chapter 5 Global LED Grow light Sales 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 Grow light Sales Market Size Forecast by Type
5.2.1 Partial Spectrum Light
5.2.2 Full Spectrum Light
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global LED Grow light Sales 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 Grow light Sales Market Size Forecast by Applications
6.2.1 Commercial Greenhouse
6.2.2 Indoor Growing Facilities
6.2.3 Research and Application
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global LED Grow light Sales 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 Grow light Sales 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 Grow light Sales Analysis and Forecast
9.1 Introduction
9.2 North America LED Grow light Sales 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 Grow light Sales Market Size Forecast by Type
9.6.1 Partial Spectrum Light
9.6.2 Full Spectrum Light
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 Grow light Sales Market Size Forecast by Applications
9.10.1 Commercial Greenhouse
9.10.2 Indoor Growing Facilities
9.10.3 Research and Application
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 Grow light Sales Analysis and Forecast
10.1 Introduction
10.2 Europe LED Grow light Sales 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 Grow light Sales Market Size Forecast by Type
10.6.1 Partial Spectrum Light
10.6.2 Full Spectrum Light
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 Grow light Sales Market Size Forecast by Applications
10.10.1 Commercial Greenhouse
10.10.2 Indoor Growing Facilities
10.10.3 Research and Application
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 Grow light Sales Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific LED Grow light Sales 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 Grow light Sales Market Size Forecast by Type
11.6.1 Partial Spectrum Light
11.6.2 Full Spectrum Light
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 Grow light Sales Market Size Forecast by Applications
11.10.1 Commercial Greenhouse
11.10.2 Indoor Growing Facilities
11.10.3 Research and Application
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 Grow light Sales Analysis and Forecast
12.1 Introduction
12.2 Latin America LED Grow light Sales 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 Grow light Sales Market Size Forecast by Type
12.6.1 Partial Spectrum Light
12.6.2 Full Spectrum Light
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 Grow light Sales Market Size Forecast by Applications
12.10.1 Commercial Greenhouse
12.10.2 Indoor Growing Facilities
12.10.3 Research and Application
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 Grow light Sales Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) LED Grow light Sales 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 Grow light Sales Market Size Forecast by Type
13.6.1 Partial Spectrum Light
13.6.2 Full Spectrum Light
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 Grow light Sales Market Size Forecast by Applications
13.10.1 Commercial Greenhouse
13.10.2 Indoor Growing Facilities
13.10.3 Research and Application
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 Grow light Sales Market: Competitive Dashboard
14.2 Global LED Grow light Sales Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Signify
14.3.2 General Electric
14.3.3 Osram
14.3.4 Everlight Electronics
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 Senmatic A/S
14.3.12 Valoya
14.3.13 Heliospectra AB
14.3.14 Cidly
14.3.15 Ohmax Optoelectronic
14.3.16 AIS LED Light
14.3.17 Vipple
14.3.18 Growray
14.3.19 California Lightworks
14.3.20 VANQ Technology
14.3.21 Yaham Lighting
14.3.22 PARUS
