Market Overview:
The global hops LED lighting market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for hops LED lighting from various applications such as commercial hops greenhouse, indoor and vertical farming, and home gardens. In addition, the growing awareness about energy-efficient LED lighting is also contributing to the growth of this market.
Product Definition:
A type of LED lighting that is used to provide light for plants in a horticulture setting. Hops LED Lighting is important because it provides an efficient and effective way to light plants in a horticulture setting, while also using less energy than traditional lighting methods.
Top-Light:
Top-light is a method of installing lighting where the light source is placed at or very close to the ceiling. Top-light installations have several advantages over bottom-light installations, which include reduced shadows and better illumination of objects in the room. The top light also eliminates most of the spillover from fixtures, which results in more uniformity and brightness along with less heat generation.
Vertical Light:
Vertical light is a type of lighting that provides illumination from the bottom of the container to the plant roots. It helps in increasing yield and potency by providing even and continuous light. Hops, being a very sensitive plant, requires special attention during its cultivation; therefore vertical light is used for proper growth.
Application Insights:
The commercial hops greenhouse segment dominated the global market in 2017. The growth can be attributed to an increase in demand for fresh and dried fruits across the globe. Moreover, a rise in tourism is also expected to contribute towards segment growth over the forecast period. Vertical farming is anticipated to witness significant growth during the forecast period owing to its ability of providing high-quality produce with less land and water requirement as compared with conventional farming techniques.
Home gardens are projected register notable CAGR of XX% from 2018 to 2030 on account of increasing consumer preference for growing vegetables at home due largelyto convenience as well as cost benefits associated with it.
Regional Analysis:
Europe dominated the global market in 2017 owing to growing awareness about the benefits of using LEDs for gardening. The region is expected to continue its dominance over the forecast period, with Germany and U.K. being among major contributors towards growth in Europe. Asia Pacific is projected to be one of the fastest-growing regional markets from 2018 to 2030 due to increasing awareness regarding LED lighting among farmers as well as consumers, especially in India and China.
The North American market was valued at USD X million in 2017 and is expected witness significant growth over the next eight years on account of increasing focus on vertical farming structures by key players such as AeroFarms (UAE), Big Hop (Canada), Skybound Farms (U.S.), Vertical Harvest Ltd (Japan) along with other new entrants such as Opensource(Brazil).
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of LED lighting
- Technological advancements in LED lighting technology
- Growing demand for decorative and specialty lighting applications
- Stringent government regulations mandating the use of energy-efficient lighting solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Hops LED Lighting Market Research Report
By Type
Top-Light, Vertical Light
By Application
Commercial Hops Greenhouse, Indoor and Vertical Farming, Home Gardens
By Companies
Philips, Osram, Everlight Electronics, Hubbell Lighting, Cree, General Electric, Gavita, Kessil, Fionia Lighting, Illumitex, Lumigrow, Valoya, Cidly, Heliospectra AB, Ohmax Optoelectronic
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
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Hops LED Lighting Market Report Segments:
The global Hops LED Lighting market is segmented on the basis of:
Types
Top-Light, Vertical 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 Hops Greenhouse, Indoor and Vertical Farming, Home Gardens
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:
- Philips
- Osram
- Everlight Electronics
- Hubbell Lighting
- Cree
- General Electric
- Gavita
- Kessil
- Fionia Lighting
- Illumitex
- Lumigrow
- Valoya
- Cidly
- Heliospectra AB
- Ohmax Optoelectronic
Highlights of The Hops LED 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:
- Top-Light
- Vertical Light
- By Application:
- Commercial Hops Greenhouse
- Indoor and Vertical Farming
- Home Gardens
- 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 Hops LED 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?
Hops LED Lighting is a new type of LED lighting that uses hops as the light source. Hops are a type of plant used for brewing beer and they contain a high level of alpha acids, which makes them an ideal light source for LEDs. This new form of LED lighting is more efficient than traditional LEDs and it also has a longer lifespan, making it an ideal choice for applications where long-term reliability is important.
Some of the key players operating in the hops led lighting market are Philips, Osram, Everlight Electronics, Hubbell Lighting, Cree, General Electric, Gavita, Kessil, Fionia Lighting, Illumitex, Lumigrow, Valoya, Cidly, Heliospectra AB, Ohmax Optoelectronic.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hops LED Lighting Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Hops LED Lighting Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hops LED Lighting Market - Supply Chain
4.5. Global Hops LED Lighting Market Forecast
4.5.1. Hops LED Lighting Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hops LED Lighting Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hops LED Lighting Market Absolute $ Opportunity
5. Global Hops LED Lighting Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Hops LED Lighting Market Size and Volume Forecast by Type
5.3.1. Top-Light
5.3.2. Vertical Light
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hops LED Lighting Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Hops LED Lighting Market Size and Volume Forecast by Application
6.3.1. Commercial Hops Greenhouse
6.3.2. Indoor and Vertical Farming
6.3.3. Home Gardens
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hops LED Lighting Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Hops LED Lighting Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Hops LED Lighting Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Hops LED Lighting Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Hops LED Lighting Demand Share Forecast, 2019-2026
9. North America Hops LED Lighting Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Hops LED Lighting Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Hops LED Lighting Market Size and Volume Forecast by Application
9.4.1. Commercial Hops Greenhouse
9.4.2. Indoor and Vertical Farming
9.4.3. Home Gardens
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hops LED Lighting Market Size and Volume Forecast by Type
9.7.1. Top-Light
9.7.2. Vertical Light
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Hops LED Lighting Demand Share Forecast, 2019-2026
10. Latin America Hops LED Lighting Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Hops LED Lighting Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Hops LED Lighting Market Size and Volume Forecast by Application
10.4.1. Commercial Hops Greenhouse
10.4.2. Indoor and Vertical Farming
10.4.3. Home Gardens
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hops LED Lighting Market Size and Volume Forecast by Type
10.7.1. Top-Light
10.7.2. Vertical Light
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Hops LED Lighting Demand Share Forecast, 2019-2026
11. Europe Hops LED Lighting Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Hops LED Lighting Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Hops LED Lighting Market Size and Volume Forecast by Application
11.4.1. Commercial Hops Greenhouse
11.4.2. Indoor and Vertical Farming
11.4.3. Home Gardens
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hops LED Lighting Market Size and Volume Forecast by Type
11.7.1. Top-Light
11.7.2. Vertical Light
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
1.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Hops LED Lighting Demand Share, 2019-2026
12. Asia Pacific Hops LED Lighting Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Hops LED Lighting Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Hops LED Lighting Market Size and Volume Forecast by Application
12.4.1. Commercial Hops Greenhouse
12.4.2. Indoor and Vertical Farming
12.4.3. Home Gardens
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hops LED Lighting Market Size and Volume Forecast by Type
12.7.1. Top-Light
12.7.2. Vertical Light
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Hops LED Lighting Demand Share, 2019-2026
13. Middle East & Africa Hops LED Lighting Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Hops LED Lighting Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Hops LED Lighting Market Size and Volume Forecast by Application
13.4.1. Commercial Hops Greenhouse
13.4.2. Indoor and Vertical Farming
13.4.3. Home Gardens
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hops LED Lighting Market Size and Volume Forecast by Type
13.7.1. Top-Light
13.7.2. Vertical Light
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Hops LED Lighting Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Hops LED Lighting Market: Market Share Analysis
14.2. Hops LED Lighting Distributors and Customers
14.3. Hops LED Lighting Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Osram
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Everlight Electronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Hubbell Lighting
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cree
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. General Electric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Gavita
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kessil
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Fionia Lighting
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Illumitex
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Lumigrow
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Valoya
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Cidly
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Heliospectra AB
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Ohmax Optoelectronic
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
