Market Overview:
The global more than 300 watts grow lights market is expected to register a CAGR of 7.5% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for high-intensity discharge (HID) grow lights from the horticulture industry. Additionally, factors such as technological advancements and rising awareness about energy-efficient lighting solutions are also contributing to the growth of this market. On the basis of type, HID lamps are expected to account for a major share of the global more than 300 watts grow lights market in 2018. This segment is projected to register a CAGR of 7.8% during the forecast period due to their high efficiency and long life span as compared with other types of lamps available in this market.
Product Definition:
More than 300 watts grow lights are used to provide supplemental or artificial light to plants in an indoor garden or greenhouse. This type of light is important because it can help plants to grow and produce fruit or flowers, even when natural sunlight is not available.
Toplighting:
Toplighting is a method of lighting where the light source is placed at or very close to the ceiling. It produces an even, broad illumination with less heat output and can be used for both indoor and outdoor applications. The term toplighting generally refers to high-intensity discharge (HID) lighting as well as fluorescent lighting that is mounted on a pole or structure so that it lights up an entire room or part of a room.
Interlighting:
Interlighting is a method of lighting where the light source is placed between the glass and reflector. It produces an even light with better color rendering compared to HID or LED lighting systems. The interlighting technology was initially developed for horticulture applications but has found its way into other segments as well including commercial, residential, and industrial sectors.
Application Insights:
Based on the application, the global more than 300 watts grow lights market is segmented into greenhouse cultivation, vertical farms, indoor farms, and research and tissue culture laboratories. The greenhouse segment dominated the market in 2017 owing to an increase in demand for various crops including medicinal marijuana. Moreover, an increase in residential gardening activities across countries such as Germany and The U.K., has also positively influenced product demand over the forecast period.
The vertical farming segment is expected to witness significant growth during the forecast period owing to technological advancements coupled with a change in consumer behavior towards food production at home without having to travel outside or leave their homes. Furthermore, vertical farming requires less land area compared to traditional agriculture which makes it more suitable for urban areas where land is scarcer compared to other uses such as housing or commercial buildings which further drives its adoption globally.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable government initiatives and increasing awareness about the technology. For instance, in 2015, The White House Office of Science & Technology Policy (OSTP) organized a conference on lighting innovation to discuss novel lighting technologies with industry experts and innovators from around the world. This conference focused on new or innovative ways to provide more light using less energy while maintaining high efficacy for both indoor and outdoor applications.
Asia Pacific is expected to witness significant growth over the forecast period owing to various government initiatives taken up in India, Japan, Singapore, South Korea and China for developing advanced horticultural crops including leafy greens such as lettuce and spinach that require continuous light exposure throughout their growth cycle. Moreover these countries are investing heavily in vertical farms due to limited space available for large-scale agriculture practices; hence growing lights play an important role during plant cultivation processes.
Growth Factors:
- Increasing demand for quality produce: There is an increasing demand for quality produce, which has led to the growth of the More Than 300 Watts Grow Lights market.
- Technological advancements: The More Than 300 Watts Grow Lights market is witnessing rapid technological advancements, which is aiding the growth of this market.
- Rising awareness about benefits of using LED grow lights: The use of LED grow lights is gaining popularity owing to their numerous benefits, such as low power consumption and high efficiency. This is propelling the growth of the More Than 300 Watts Grow Lights market.
- Growing number of horticulture enthusiasts: There is a growing number of horticulture enthusiasts who are investing in advanced gardening tools and equipment, including More Than 300 Watts Grow Lights, to improve their yield and crop quality. This is boosting the growth prospects of this market segmentation.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
More Than 300 Watts Grow Lights Market Research Report
By Type
Toplighting, Interlighting
By Application
Greenhouses, Vertical Farms, Indoor Farms, Research and Tissue Culture Laboratories
By Companies
Signify, OSRAM, Gavita, Valoya, California Lightworks, Helliospectra, Signify
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
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global More Than 300 Watts Grow Lights Market Report Segments:
The global More Than 300 Watts Grow Lights market is segmented on the basis of:
Types
Toplighting, Interlighting
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
Greenhouses, Vertical Farms, Indoor Farms, Research and Tissue Culture Laboratories
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
- OSRAM
- Gavita
- Valoya
- California Lightworks
- Helliospectra
- Signify
Highlights of The More Than 300 Watts 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:
- Toplighting
- Interlighting
- By Application:
- Greenhouses
- Vertical Farms
- Indoor Farms
- Research and Tissue Culture Laboratories
- 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 More Than 300 Watts 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
- 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?
More than 300 watts grow lights are typically used for growing cannabis. This is the equivalent of using a light bulb that is about 100 watts or more. These lights are powerful enough to help your plants grow quickly and healthily, but they aren't always necessary. You can still get great results with less power if you're careful about how much light your plants receive overall.
Some of the major players in the more than 300 watts grow lights market are Signify, OSRAM, Gavita, Valoya, California Lightworks, Helliospectra, Signify.
The more than 300 watts grow lights market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 More Than 300 Watts 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 More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Size & Forecast, 2018-2028
4.5.1 More Than 300 Watts Grow Lights Market Size and Y-o-Y Growth
4.5.2 More Than 300 Watts Grow Lights Market Absolute $ Opportunity
Chapter 5 Global More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Size Forecast by Type
5.2.1 Toplighting
5.2.2 Interlighting
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Size Forecast by Applications
6.2.1 Greenhouses
6.2.2 Vertical Farms
6.2.3 Indoor Farms
6.2.4 Research and Tissue Culture Laboratories
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global More Than 300 Watts 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 More Than 300 Watts 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 More Than 300 Watts Grow Lights Analysis and Forecast
9.1 Introduction
9.2 North America More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Size Forecast by Type
9.6.1 Toplighting
9.6.2 Interlighting
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 More Than 300 Watts Grow Lights Market Size Forecast by Applications
9.10.1 Greenhouses
9.10.2 Vertical Farms
9.10.3 Indoor Farms
9.10.4 Research and Tissue Culture Laboratories
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 More Than 300 Watts Grow Lights Analysis and Forecast
10.1 Introduction
10.2 Europe More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Size Forecast by Type
10.6.1 Toplighting
10.6.2 Interlighting
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 More Than 300 Watts Grow Lights Market Size Forecast by Applications
10.10.1 Greenhouses
10.10.2 Vertical Farms
10.10.3 Indoor Farms
10.10.4 Research and Tissue Culture Laboratories
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 More Than 300 Watts Grow Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Size Forecast by Type
11.6.1 Toplighting
11.6.2 Interlighting
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 More Than 300 Watts Grow Lights Market Size Forecast by Applications
11.10.1 Greenhouses
11.10.2 Vertical Farms
11.10.3 Indoor Farms
11.10.4 Research and Tissue Culture Laboratories
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 More Than 300 Watts Grow Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America More Than 300 Watts 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 More Than 300 Watts Grow Lights Market Size Forecast by Type
12.6.1 Toplighting
12.6.2 Interlighting
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 More Than 300 Watts Grow Lights Market Size Forecast by Applications
12.10.1 Greenhouses
12.10.2 Vertical Farms
12.10.3 Indoor Farms
12.10.4 Research and Tissue Culture Laboratories
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) More Than 300 Watts Grow Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) More Than 300 Watts 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) More Than 300 Watts Grow Lights Market Size Forecast by Type
13.6.1 Toplighting
13.6.2 Interlighting
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) More Than 300 Watts Grow Lights Market Size Forecast by Applications
13.10.1 Greenhouses
13.10.2 Vertical Farms
13.10.3 Indoor Farms
13.10.4 Research and Tissue Culture Laboratories
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 More Than 300 Watts Grow Lights Market: Competitive Dashboard
14.2 Global More Than 300 Watts Grow Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Signify
14.3.2 OSRAM
14.3.3 Gavita
14.3.4 Valoya
14.3.5 California Lightworks
14.3.6 Helliospectra
14.3.7 Signify
