Market Overview:
The global under 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 LED grow lights, owing to their energy efficiency and low heat emission properties. In addition, the growing awareness about the benefits of using LED grow lights is also propelling the growth of this market. Based on type, the global under 300 watts grow lights market has been segmented into toplighting and interlighting. Toplighting accounted for a major share of this market in 2017 and is expected to maintain its dominance during the forecast period as well. This can be attributed to its ability to provide uniform light distribution across plants’ canopy, which leads to better plant growth and yield. Based on application, greenhouses accounted for a major share of this market in 2017 and are expected to maintain their dominance during the forecast period as well.
Product Definition:
A grow light with a wattage below 300 is considered an under 300 watts grow light. These lights are typically used for smaller plants or seedlings and can be helpful in providing supplemental light to indoor plants.
Toplighting:
Toplighting is a method of lighting where the light source is placed at or very close to the ceiling. It produces an even spread of light over large areas and can be used for both indoor and outdoor applications. Toplighting has gained popularity in recent years due to its ability to produce high quality, intense light with limited heat output as compared to traditional fluorescent lighting.
Interlighting:
Interlighting is a method of lighting where the light source is not directly visible to the consumer. It works by spreading light from one or more lamps through a translucent plastic film, which reflects some of the light back towards the lamp. This process allows for greater energy efficiency and less heat gain compared to traditional fluorescent lighting as well as incandescent bulbs.
The technology has been around for over two decades but has only recently started gaining widespread acceptance due to advancements in materials science.
Application Insights:
Based on the application, the global under 300 watts grow lights market has been segmented into greenhouse cultivation, vertical farms, indoor farms, research and tissue culture laboratories and others. The greenhouse segment dominated the market in 2017 owing to an increase in demand for herbs and vegetables as well as fruits by consumers around the world. This trend is expected to drive product demand over the forecast period.
The vertical farming segment is anticipated to witness a significant growth rate during future years due to its ability provide high yield with less land area requirement as compared with traditional farming methods. Vertical farm operators usually deploy a combination of HID lighting systems along with other advanced technologies such as hydroponics or aeroponics for enhancing crop productivity.
Regional Analysis:
North America dominated the global under 300 watts grow lights market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. This growth can be attributed to increasing research and innovation on lighting technology for indoor agriculture in North America, coupled with supportive government initiatives across U.S., Canada, and Mexico aimed at promoting food security and sustainable farming practices.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to rising awareness regarding indoor farming among farmers as well as consumers in countries such as China, India, Indonesia, Bangladesh, South Korea etc., which has led towards increased adoption of LED lighting systems for crop cultivation purposes within this region over the past few years.
Growth Factors:
- Increasing demand for quality produce: There is an increasing demand for quality produce, which is driving the market for under 300 watts grow lights. These lights help in better production of fruits and vegetables, thereby meeting the rising demand.
- Rising awareness about the benefits of using LED grow lights: There is a growing awareness among people about the benefits of using LED grow lights, which is aiding in the growth of this market. These lights are energy-efficient and help in better production of plants, making them a popular choice among growers.
- Technological advancements: The technological advancements taking place in this market are helping to drive its growth further. With new innovations being introduced regularly, growers have access to better and more efficient lighting options that are helping them improve their yields significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Under 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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Under 300 Watts Grow Lights Market Report Segments:
The global Under 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 Under 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 Under 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?
Under 300 Watts Grow Lights are typically used for supplemental lighting in small to medium size grow rooms. These lights provide a low-intensity light that is perfect for growing plants indoors.
Some of the major companies in the under 300 watts grow lights market are Signify, OSRAM, Gavita, Valoya, California Lightworks, Helliospectra, Signify.
The under 300 watts grow lights market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Under 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 Under 300 Watts Grow Lights Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Under 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 Under 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 Under 300 Watts Grow Lights Market Size & Forecast, 2018-2028
4.5.1 Under 300 Watts Grow Lights Market Size and Y-o-Y Growth
4.5.2 Under 300 Watts Grow Lights Market Absolute $ Opportunity
Chapter 5 Global Under 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 Under 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 Under 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 Under 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 Under 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 Under 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 Under 300 Watts Grow Lights Analysis and Forecast
9.1 Introduction
9.2 North America Under 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 Under 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 Under 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 Under 300 Watts Grow Lights Analysis and Forecast
10.1 Introduction
10.2 Europe Under 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 Under 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 Under 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 Under 300 Watts Grow Lights Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Under 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 Under 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 Under 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 Under 300 Watts Grow Lights Analysis and Forecast
12.1 Introduction
12.2 Latin America Under 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 Under 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 Under 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) Under 300 Watts Grow Lights Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Under 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) Under 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) Under 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 Under 300 Watts Grow Lights Market: Competitive Dashboard
14.2 Global Under 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
