Market Overview:
The global LED plant grow light market is expected to register a CAGR of 10.8% during the forecast period, 2018-2030. The high power LED plant grow light segment is expected to dominate the market during the forecast period, owing to its ability to cover a large area with uniform lighting and higher efficiency as compared to low power LED plant grow lights. The commercial greenhouses application segment is expected to account for the majority share of the global LED plant grow light market in 2018, followed by indoor grow facilities and research applications segments. North America accounted for the majority share of the global LED plant grow light market in 2017 and is projected to maintain its dominance duringthe forecast period.
Product Definition:
LED Plant Grow Light is a type of light that is used to help plants grow. LED lights are important because they provide a specific type of light that helps plants grow.
Low Power (
LED plant grow light is used to provide adequate lighting for the plants during their growth. The main driver of this market is increasing adoption of LED grow lights by indoor growers as well as farmers growing crops in outdoor environments. LED plant grow light has a power draw between 50W and 300W, which makes it an ideal solution for indoor gardening or growing on-the-go container gardens.
High Power (More than or euqal to300W):
High power lighting is used for indoor and outdoor applications. It has a wavelength between 400-700nm, which can be utilized by the plants to perform photosynthesis. The grow light with high power (more than or equal to 300W) is useful for seed germination, plant growth and development, as well as fruiting body formation in the plants.
Application Insights:
The indoor grow facilities segment dominated the global LED plant grow light market in 2017 and is expected to maintain its lead over the forecast period. This can be attributed to a rise in demand for cannabis, which is an important crop grown for medical purposes as well as recreational purposes. Recreational marijuana has been legalised in several U.S states including California, Colorado, New York and Michigan among others.
Commercial greenhouse applications are also anticipated to witness significant growth over the forecast period owing to increasing government funding towards research on horticulture crops that offer nutritional value along with medicinal benefits such as flavonoids and polyphenols that help treat diseases such as diabetes and cancerous tumors respectively. The rising importance of these health benefits coupled with consumer preference towards home-growing plants has resulted in increased demand for commercial greenhouses across various regions globally including North America, Europe, Asia Pacific among others.
Regional Analysis:
The Asia Pacific regional led plant grow light market is anticipated to witness significant growth over the forecast period owing to increasing awareness regarding horticulture and gardening, rising disposable income of consumers, and government initiatives for infrastructure development. The Middle East & Africa (MEA) region is expected to be one of the fastest-growing regions due to favorable climatic conditions for indoor farming.
North America accounted for a major share in 2017 owing to high adoption rates of LED lighting in commercial greenhouses across U.S., Canada, and Mexico. Government support through financial aid is also boosting industry expansion among key players operating within this region as well as outside it with focus on developing new products that are energy-efficient along with offering higher efficiency levels than traditional counterparts at a lower cost per unit area or per Watt rating value.
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, such as improved health and nutrition.
- Rising demand for LED lighting in agriculture: LED lighting is becoming increasingly popular in agriculture due to its energy-efficiency and long lifespan. In addition, LEDs can be customized to emit specific wavelengths that are beneficial for plant growth, making them an ideal choice for growing plants indoors.
- Growing popularity of hydroponics: Hydroponics is a method of growing plants without soil using mineral nutrient solutions in watertight containers or systems. This method has gained popularity in recent years due to its many advantages over traditional farming methods, such as reduced water usage and increased crop yields.
Scope Of The Report
Report Attributes
Report Details
Report Title
LED Plant Grow Light Market Research Report
By Type
Low Power (<300W), High Power (More than or euqal to300W)
By Application
Commercial Greenhouses, Indoor Grow Facilities, Research Applications
By Companies
Signify, General Electric, Osram, Everlight Electronics, Gavita, Hubbell Lighting, Kessil, Cree, Illumitex, Lumigrow, Fionia Lighting, Valoya, Heliospectra AB, Cidly, 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
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global LED Plant Grow Light Market Report Segments:
The global LED Plant Grow Light market is segmented on the basis of:
Types
Low Power (<300W), High Power (More than or euqal to300W)
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 Greenhouses, Indoor Grow Facilities, Research Applications
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
- Fionia Lighting
- Valoya
- Heliospectra AB
- Cidly
- Ohmax Optoelectronic
Highlights of The LED Plant Grow Light 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:
- Low Power (<300W)
- High Power (More than or euqal to300W)
- By Application:
- Commercial Greenhouses
- Indoor Grow Facilities
- Research Applications
- 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 Plant Grow Light 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 plant grow light is a type of artificial light that emits short-wavelength radiation, such as blue and violet. This type of light is thought to be more beneficial to plants than other types of artificial lighting because it stimulates the production of photosynthesis, which helps them grow taller and healthier.
Some of the major players in the led plant grow light market are Signify, General Electric, Osram, Everlight Electronics, Gavita, Hubbell Lighting, Kessil, Cree, Illumitex, Lumigrow, Fionia Lighting, Valoya, Heliospectra AB, Cidly, Ohmax Optoelectronic.
The led plant grow light market is expected to grow at a compound annual growth rate of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. LED Plant Grow Light 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. LED Plant Grow Light Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. LED Plant Grow Light Market - Supply Chain
4.5. Global LED Plant Grow Light Market Forecast
4.5.1. LED Plant Grow Light Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. LED Plant Grow Light Market Size (000 Units) and Y-o-Y Growth
4.5.3. LED Plant Grow Light Market Absolute $ Opportunity
5. Global LED Plant Grow Light 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. LED Plant Grow Light Market Size and Volume Forecast by Type
5.3.1. Low Power (<300W)
5.3.2. High Power (More than or euqal to300W)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global LED Plant Grow Light 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. LED Plant Grow Light Market Size and Volume Forecast by Application
6.3.1. Commercial Greenhouses
6.3.2. Indoor Grow Facilities
6.3.3. Research Applications
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global LED Plant Grow Light 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. LED Plant Grow Light 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 LED Plant Grow Light 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. LED Plant Grow Light 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 LED Plant Grow Light Demand Share Forecast, 2019-2026
9. North America LED Plant Grow Light 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 LED Plant Grow Light 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 LED Plant Grow Light Market Size and Volume Forecast by Application
9.4.1. Commercial Greenhouses
9.4.2. Indoor Grow Facilities
9.4.3. Research Applications
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America LED Plant Grow Light Market Size and Volume Forecast by Type
9.7.1. Low Power (<300W)
9.7.2. High Power (More than or euqal to300W)
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 LED Plant Grow Light Demand Share Forecast, 2019-2026
10. Latin America LED Plant Grow Light 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 LED Plant Grow Light 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 LED Plant Grow Light Market Size and Volume Forecast by Application
10.4.1. Commercial Greenhouses
10.4.2. Indoor Grow Facilities
10.4.3. Research Applications
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America LED Plant Grow Light Market Size and Volume Forecast by Type
10.7.1. Low Power (<300W)
10.7.2. High Power (More than or euqal to300W)
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 LED Plant Grow Light Demand Share Forecast, 2019-2026
11. Europe LED Plant Grow Light 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 LED Plant Grow Light 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 LED Plant Grow Light Market Size and Volume Forecast by Application
11.4.1. Commercial Greenhouses
11.4.2. Indoor Grow Facilities
11.4.3. Research Applications
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe LED Plant Grow Light Market Size and Volume Forecast by Type
11.7.1. Low Power (<300W)
11.7.2. High Power (More than or euqal to300W)
11.8. Basis Point Share (BPS) Analysi by Type
11.9. Y-o-Y Growth Projections by Type
11.10. 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 LED Plant Grow Light Demand Share, 2019-2026
12. Asia Pacific LED Plant Grow Light 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 LED Plant Grow Light 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 LED Plant Grow Light Market Size and Volume Forecast by Application
12.4.1. Commercial Greenhouses
12.4.2. Indoor Grow Facilities
12.4.3. Research Applications
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific LED Plant Grow Light Market Size and Volume Forecast by Type
12.7.1. Low Power (<300W)
12.7.2. High Power (More than or euqal to300W)
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 LED Plant Grow Light Demand Share, 2019-2026
13. Middle East & Africa LED Plant Grow Light 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 LED Plant Grow Light 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 LED Plant Grow Light Market Size and Volume Forecast by Application
13.4.1. Commercial Greenhouses
13.4.2. Indoor Grow Facilities
13.4.3. Research Applications
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa LED Plant Grow Light Market Size and Volume Forecast by Type
13.7.1. Low Power (<300W)
13.7.2. High Power (More than or euqal to300W)
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 LED Plant Grow Light Demand Share, 2019-2026
14. Competition Landscape
14.1. Global LED Plant Grow Light Market: Market Share Analysis
14.2. LED Plant Grow Light Distributors and Customers
14.3. LED Plant Grow Light Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Signify
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. General Electric
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Osram
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Everlight Electronics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gavita
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hubbell Lighting
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Kessil
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Cree
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Illumitex
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lumigrow
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Fionia Lighting
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. Heliospectra AB
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Cidly
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
