Market Overview:
The global plant factory grow lights market is expected to register a CAGR of XX% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for food owing to the growing population, and rising awareness about the benefits of using plant factory grow lights. Based on type, the market is segmented into high-intensity discharge (HID), fluorescent lighting, LED, and others. The HID segment is expected to hold a major share of the global plant factory grow lights market during the forecast period. This can be attributed to its low cost and high efficiency as compared to other types of lighting technologies. Based on application, vertical farming accounts for a major share of the global plant factory grow lights market followed by indoor farming and commercial greenhouse segments respectively. Vertical farming has emerged as one of most efficient ways to cultivate crops in controlled environments with minimum wastage or space requirement which in turn is driving its adoption across various regions globally.
Product Definition:
Plant factory grow lights are used to help plants grow indoors. They provide light in the correct wavelengths for plants to photosynthesize. This is important because it allows growers to produce crops year-round, even in cold climates.
High-Intensity Discharge:
High-Intensity Discharge (HID) is a form of electric lighting technology that produces light by accelerating high amperage electrical current through a gas or liquid. The most common materials used for HID lamps are sodium, metal halides, and fluorescent lamps.
Fluorescent Lighting:
Plant factory grow lights is a combination of fluorescent lighting and high-intensity discharge (HID) or LED lighting. Fluorescent grow lights are low cost, consume less energy, produce less heat than HID or LED light sources and last much longer. They also come in various forms such as T-8 lamps, Lamps PlusFloors, MR-16 lamps etc., which can be used for both indoor and outdoor plant cultivation.
Application Insights:
Based on the application, the global plant factory grow lights market has been segmented into vertical farming, indoor farming, commercial greenhouse & nursery production, turf and landscaping, research & education and others. Vertical farming was estimated to be the largest segment in 2017 owing to increasing demand for high-quality produce from a small area of land. The vertical structure of these farms enables efficient use of resources such as light and water by growing crops at a very high density. This method is being studied carefully by researchers because it can provide reliable food sources in areas where natural growth conditions have not permitted agriculture for many centuries or until now.
The commercial greenhouse production segment is expected to witness significant growth over the forecast period due to an increase in demand for horticultural products across various regions including Europe and North America.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable climatic conditions, technological advancements, and high adoption rate of advanced horticultural techniques. The region is expected to maintain its dominance over the forecast period as well owing to increasing awareness among farmers regarding the benefits of GMPLs.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period due to rising government initiatives for promoting agricultural practices that use less resources and generate profits. Moreover, countries such as China are investing heavily in vertical farms due to space constraints and availability of land at a low cost which has led them becoming leaders in this industry globally.
Growth Factors:
- Increasing demand for quality and organic food products is expected to drive the growth of plant factory grow lights market over the forecast period.
- Rising awareness about the benefits of using plant factory grow lights is anticipated to propel market growth.
- Growing popularity of indoor gardening is projected to boost demand for plant factory grow lights in the near future.
- Technological advancements in LED lighting are expected to create new opportunities for market growth over the forecast period. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Factory Grow Lights Market Research Report
By Type
High-Intensity Discharge, Fluorescent Lighting, LED, Others
By Application
Vertical Farming, Indoor Farming, Commercial Greenhouse, Turf and Landscaping, Research, Others
By Companies
APL engineered material, Daystar, Advanced lighting Technologies, Philips, General Electric, Hydrofarm, Iwasaki Electric, Sun System, APL engineered material
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Plant Factory Grow Lights Market Report Segments:
The global Plant Factory Grow Lights market is segmented on the basis of:
Types
High-Intensity Discharge, Fluorescent Lighting, LED, 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
Vertical Farming, Indoor Farming, Commercial Greenhouse, Turf and Landscaping, Research, 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:
- APL engineered material
- Daystar
- Advanced lighting Technologies
- Philips
- General Electric
- Hydrofarm
- Iwasaki Electric
- Sun System
- APL engineered material
Highlights of The Plant Factory 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:
- High-Intensity Discharge
- Fluorescent Lighting
- LED
- Others
- By Application:
- Vertical Farming
- Indoor Farming
- Commercial Greenhouse
- Turf and Landscaping
- Research
- 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 Plant Factory 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?
Plant Factory Grow Lights are a type of artificial lighting that is used to grow plants. They come in a variety of shapes and sizes, and can be attached to the ceiling or wall of a greenhouse or other growing area. Plant Factory Grow Lights provide bright light that is perfect for growing plants, while also helping to protect them from harmful UV rays.
Some of the key players operating in the plant factory grow lights market are APL engineered material, Daystar, Advanced lighting Technologies, Philips, General Electric, Hydrofarm, Iwasaki Electric, Sun System, APL engineered material.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plant Factory 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 Plant Factory Grow Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plant Factory 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 Plant Factory 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 Plant Factory Grow Lights Market Size & Forecast, 2020-2028
4.5.1 Plant Factory Grow Lights Market Size and Y-o-Y Growth
4.5.2 Plant Factory Grow Lights Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 High-Intensity Discharge
5.2.2 Fluorescent Lighting
5.2.3 LED
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Vertical Farming
6.2.2 Indoor Farming
6.2.3 Commercial Greenhouse
6.2.4 Turf and Landscaping
6.2.5 Research
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plant Factory 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 Plant Factory 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 High-Intensity Discharge
9.6.2 Fluorescent Lighting
9.6.3 LED
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 Market Size Forecast by Applications
9.10.1 Vertical Farming
9.10.2 Indoor Farming
9.10.3 Commercial Greenhouse
9.10.4 Turf and Landscaping
9.10.5 Research
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 High-Intensity Discharge
10.6.2 Fluorescent Lighting
10.6.3 LED
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 Market Size Forecast by Applications
10.10.1 Vertical Farming
10.10.2 Indoor Farming
10.10.3 Commercial Greenhouse
10.10.4 Turf and Landscaping
10.10.5 Research
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 High-Intensity Discharge
11.6.2 Fluorescent Lighting
11.6.3 LED
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 Market Size Forecast by Applications
11.10.1 Vertical Farming
11.10.2 Indoor Farming
11.10.3 Commercial Greenhouse
11.10.4 Turf and Landscaping
11.10.5 Research
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 High-Intensity Discharge
12.6.2 Fluorescent Lighting
12.6.3 LED
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 Market Size Forecast by Applications
12.10.1 Vertical Farming
12.10.2 Indoor Farming
12.10.3 Commercial Greenhouse
12.10.4 Turf and Landscaping
12.10.5 Research
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 High-Intensity Discharge
13.6.2 Fluorescent Lighting
13.6.3 LED
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) Market Size Forecast by Applications
13.10.1 Vertical Farming
13.10.2 Indoor Farming
13.10.3 Commercial Greenhouse
13.10.4 Turf and Landscaping
13.10.5 Research
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 Plant Factory Grow Lights Market: Competitive Dashboard
14.2 Global Plant Factory Grow Lights Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 APL engineered material
14.3.2 Daystar
14.3.3 Advanced lighting Technologies
14.3.4 Philips
14.3.5 General Electric
14.3.6 Hydrofarm
14.3.7 Iwasaki Electric
14.3.8 Sun System
14.3.9 APL engineered material
