Grow Light Market Key Findings by 2031
A grow light is an artificial source of light energy that is particularly designed to stimulate and control the growth of seeds and plants by discharging an electro-magnetic spectrum for photosynthesis. Grow light is normally utilized in applications where additional light is required or where natural light is not available. It is a kind of electronic lamp designed for accelerating the growth of the plant by electronic magnetic spectrum.
Rising attractiveness of commercial greenhouses to cultivate plants and development in indoor farming methods are the key factors that are driving the grow light market. Automation in commercial greenhouses is growing considerably and has helped farmers to maximize their yield by utilizing grow lights. However, high cost of capital and less awareness among consumers, are the factors hampering the growth of the market. Whereas, low power consumption, high commercial greenhouse practices, and high reliability are also driving the growth of the grow light market.
The "Global Grow Light Market Analysis to 2031" is a specialized and in-depth study of the grow light industry with a focus on the global market trend. The report aims to provide an overview of global grow light market with detailed market segmentation by technology, installation, application, and geography. The global grow light market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global grow light market based on technology, installation and application. It also provides market size and forecast till 2031 for overall grow light market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
Also, key grow light market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Osram LichtAG, General Electric Company, Iwasaki Electric Co., Ltd., LumiGrow, Inc., Gavita Holland B.V., Sunlight Supply, Inc., Heliospectra AB, Royal Philips, Illumitex Inc., and Transcend Lighting Inc. (U.S.) among others. REGIONAL FRAMEWORK
By Technology
By installation
By Application
MARKET PLAYERS
Rising attractiveness of commercial greenhouses to cultivate plants and development in indoor farming methods are the key factors that are driving the grow light market. Automation in commercial greenhouses is growing considerably and has helped farmers to maximize their yield by utilizing grow lights. However, high cost of capital and less awareness among consumers, are the factors hampering the growth of the market. Whereas, low power consumption, high commercial greenhouse practices, and high reliability are also driving the growth of the grow light market.
The "Global Grow Light Market Analysis to 2031" is a specialized and in-depth study of the grow light industry with a focus on the global market trend. The report aims to provide an overview of global grow light market with detailed market segmentation by technology, installation, application, and geography. The global grow light market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global grow light market based on technology, installation and application. It also provides market size and forecast till 2031 for overall grow light market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors affecting the market in these regions.
Also, key grow light market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Osram LichtAG, General Electric Company, Iwasaki Electric Co., Ltd., LumiGrow, Inc., Gavita Holland B.V., Sunlight Supply, Inc., Heliospectra AB, Royal Philips, Illumitex Inc., and Transcend Lighting Inc. (U.S.) among others. REGIONAL FRAMEWORK
Grow Light Market Report Analysis
Grow Light Market
-
CAGR (2023 - 2031)XX% -
Market Size 2023
US$ XX Million -
Market Size 2031
US$ XX Million
Report Coverage
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Industry landscape and competition analysis & recent developments
- Detailed company profiles
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Key Players
- Osram LichtAG
- General Electric Company
- Iwasaki Electric Co Ltd
- LumiGrow Inc
- Gavita Holland B V
- Sunlight Supply Inc
- Heliospectra AB
- Royal Philips
- Illumitex Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
By Technology
- High Intensity Discharge Lights
- Light Emitting Diodes
- Fluorescent Lights
- Light Emitting Plasma Grow lights
- Induction Lights
By installation
- New
- Retrofit
By Application
- Indoor Farming
- Vertical Farming
- Commercial Green Houses
- Rooftop Farming
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Grow Light Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | XX% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
List of Companies
1. Osram LichtAG
2. General Electric Company
3. Iwasaki Electric Co., Ltd.
4. LumiGrow, Inc.
5. Gavita Holland B.V.
6. Sunlight Supply, Inc.
7. Heliospectra AB
8. Royal Philips
9. Illumitex Inc.
10. Transcend Lighting Inc.
1. Osram LichtAG
2. General Electric Company
3. Iwasaki Electric Co., Ltd.
4. LumiGrow, Inc.
5. Gavita Holland B.V.
6. Sunlight Supply, Inc.
7. Heliospectra AB
8. Royal Philips
9. Illumitex Inc.
10. Transcend Lighting Inc.
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