Grow Lights Market by Offering (Hardware, Software, Services), Watt, Spectrum, Cultivated Plant, Lighting Type, Light Source, Installation Type, Sales Channel, Application (Greenhouse, Indoor Farm, Vertical Farm) and Region - Global Forecast to 2028
The global grow lights market was valued at USD 1.5 billion in 2022 and is projected to reach USD 7.2 billion by 2028; registering a CAGR of 30.7% during the forecast period. High potential capacity of LED grow lights enabling farmers to produce same quality crops all year round irrespective of weather conditions is driving the growth of the grow lights market, whereas High setup and installation costs of LED grow lights are restraining the growth of grow lights market.
Software & services segment is expected to grow at higher CAGR during forecast period
The software & service segment is expected to experience the highest CAGR of 35.1% during the forecast period. Different kinds of software solutions are used in grow light systems to improve plant quality and fulfil different light requirements by different plants, as well as create and maintain an optimal lighting environment necessary to maximize production. Along with software, maintenance and repair services are also offered by the companies operating in the grow lights market..
>300 Watt segment by wattage to register growth at higher CAGR
>300 Watt segment is expected to experience the higher CAGR of 31.9% % during the forecast period. The >300W grow lights are ideally good for different types of grow rooms, particularly the ones that need specific care and more focused light on the plants without causing a risk of overheating inside the tent. >300-watt grow lights offer a full-spectrum light, which is safe for all stages of growing plants. Ecosystem player such as Signify Holding, ams-OSRAM AG, Gavita International B.V., Heliospectra AB, California LightWorks etc offer >300-watt grow lights. For instance, Signify Holding introduced a new Philips GreenPower LED production module 3.0 (49–635 watt) to help growers optimize multilayer crop cultivation of lettuce and other leafy greens, herbs, soft fruits, and young plants. The new module enables growers to adapt the color spectrum easily to meet the needs of different crops and growth phases.
Full spectrum segment is likely to grow at higher CAGR
The full spectrum segment is anticipated to record the higher CAGR of 40.4% during the forecast period. The full-spectrum light source is becoming popular due to various advantages associated with it, such as it allows quick changes in lighting conditions and complete control of the color spectrum ratio. They closely mimics the natural sunlight by using a combination of all colors at all stages of growth. Full spectrum lighting can also pace up or slow growth rate, enhance root development, improve nutrition, and color etc. These factors are contributing to the growth of the full spectrum grow lights in the grow lights market.
Direct sales channels segment to register significant growth during forecast period
Direct sales channels segment is expected to grow at the fastest CAGR of 44.6% during the forecast period. Direct sales channels allow companies to control all aspects of product distribution and the customer experience. Since the customer always deals directly with the supplier, the direct sales channels help resolve these issues more efficiently. Also, it saves time as consider to the distribution or e-commerce sales channel. These are the factors leading to a potential growth of direct sales channels in the grow lights market.
Inter-lighting segment is likely to grow at higher CAGR
The inter-lighting segment is expected to experience the higher CAGR of 35.4% during the forecast period. The inter-lighting supplies energy to lower portions of the plant which are blocked from the top lights by the canopy of the plant. With inter-lighting it is possible to provide light between the plants, without unwanted heat generation. This has major advantages as all the plants can be lit at the points where they gain most benefit.
Retrofit installations segment is likely to grow at higher CAGR
The retrofit installations segment is expected to experience the second highest CAGR of 38.7% during the forecast period. Generally a lifespan of a grow light I approximately for 5 years. For new installation, down the line after 5 years the requirement for updated version of grow light s will occur, enabling retrofitting to propel in the future. Also, the introduction of new grow light technologies such as LED, plasma, and induction has provided growers with more options to choose from while retrofitting their grow light systems. Additionally, the increasing adoption of hybrid lighting systems in greenhouse applications is expected to contribute to the growth of the market for retrofit installations. With the low-cost retrofit installation of grow lights, growers can enhance profits and yields.
Cannabis cultivated plants segment is likely to grow at higher CAGR
Cannabis segment is expected to experience the highest CAGR of 36.1% during the forecast period. This growth is attributed to the legalisation of cannabis growth for medicinal uses by various regional government.
Vertical farms application is likely to grow at highest CAGR
Vertical farming segment is expected to grow at the highest CAGR 33.9% during the forecast period. The rapidly growing vertical farming industry is the major reason for the growing interest of larger corporations toward investments in vertical farms. Toshiba Corporation (Japan) and Panasonic Corporation (Japan) have started providing financial and technical assistance to growers to set up vertical farms in various parts of the world. General Electric Company (US), a major provider of grow light systems, is partnering with Mirai, Inc. (Japan) in establishing a chain of vertical farms across multiple cities in Japan. Such developments in vertical farming are likely to boost the demand for grow lights in the coming years.
RoW to register growth at second highest CAGR
RoW is expected to witness the second highest CAGR of 30.3% during the forecast period. The Middle East is likely to capture the largest size of the RoW grow lights market during the forecast period. This region has started adopting urban farming methodologies to grow food locally and meet the demands of the rising population. Water scarcity is prevalent in the Middle East, and the temperatures vary between extreme hot during the day to extreme cold at night. Hence, by using hydroponic medium and LED grow lights, indoor farms and vertical farms are being developed in the Middle East to cultivate fruits and vegetables so that water evaporation can be avoided in a controlled environment.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
Research Coverage:
The report segments the grow lights market and forecasts its size, by offering, by wattage, spectrum, cultivated plant, lighting type, light source, application, installation type, sales channel, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the grow lights ecosystem
Key Benefits to Buy the Report:
Software & services segment is expected to grow at higher CAGR during forecast period
The software & service segment is expected to experience the highest CAGR of 35.1% during the forecast period. Different kinds of software solutions are used in grow light systems to improve plant quality and fulfil different light requirements by different plants, as well as create and maintain an optimal lighting environment necessary to maximize production. Along with software, maintenance and repair services are also offered by the companies operating in the grow lights market..
>300 Watt segment by wattage to register growth at higher CAGR
>300 Watt segment is expected to experience the higher CAGR of 31.9% % during the forecast period. The >300W grow lights are ideally good for different types of grow rooms, particularly the ones that need specific care and more focused light on the plants without causing a risk of overheating inside the tent. >300-watt grow lights offer a full-spectrum light, which is safe for all stages of growing plants. Ecosystem player such as Signify Holding, ams-OSRAM AG, Gavita International B.V., Heliospectra AB, California LightWorks etc offer >300-watt grow lights. For instance, Signify Holding introduced a new Philips GreenPower LED production module 3.0 (49–635 watt) to help growers optimize multilayer crop cultivation of lettuce and other leafy greens, herbs, soft fruits, and young plants. The new module enables growers to adapt the color spectrum easily to meet the needs of different crops and growth phases.
Full spectrum segment is likely to grow at higher CAGR
The full spectrum segment is anticipated to record the higher CAGR of 40.4% during the forecast period. The full-spectrum light source is becoming popular due to various advantages associated with it, such as it allows quick changes in lighting conditions and complete control of the color spectrum ratio. They closely mimics the natural sunlight by using a combination of all colors at all stages of growth. Full spectrum lighting can also pace up or slow growth rate, enhance root development, improve nutrition, and color etc. These factors are contributing to the growth of the full spectrum grow lights in the grow lights market.
Direct sales channels segment to register significant growth during forecast period
Direct sales channels segment is expected to grow at the fastest CAGR of 44.6% during the forecast period. Direct sales channels allow companies to control all aspects of product distribution and the customer experience. Since the customer always deals directly with the supplier, the direct sales channels help resolve these issues more efficiently. Also, it saves time as consider to the distribution or e-commerce sales channel. These are the factors leading to a potential growth of direct sales channels in the grow lights market.
Inter-lighting segment is likely to grow at higher CAGR
The inter-lighting segment is expected to experience the higher CAGR of 35.4% during the forecast period. The inter-lighting supplies energy to lower portions of the plant which are blocked from the top lights by the canopy of the plant. With inter-lighting it is possible to provide light between the plants, without unwanted heat generation. This has major advantages as all the plants can be lit at the points where they gain most benefit.
Retrofit installations segment is likely to grow at higher CAGR
The retrofit installations segment is expected to experience the second highest CAGR of 38.7% during the forecast period. Generally a lifespan of a grow light I approximately for 5 years. For new installation, down the line after 5 years the requirement for updated version of grow light s will occur, enabling retrofitting to propel in the future. Also, the introduction of new grow light technologies such as LED, plasma, and induction has provided growers with more options to choose from while retrofitting their grow light systems. Additionally, the increasing adoption of hybrid lighting systems in greenhouse applications is expected to contribute to the growth of the market for retrofit installations. With the low-cost retrofit installation of grow lights, growers can enhance profits and yields.
Cannabis cultivated plants segment is likely to grow at higher CAGR
Cannabis segment is expected to experience the highest CAGR of 36.1% during the forecast period. This growth is attributed to the legalisation of cannabis growth for medicinal uses by various regional government.
Vertical farms application is likely to grow at highest CAGR
Vertical farming segment is expected to grow at the highest CAGR 33.9% during the forecast period. The rapidly growing vertical farming industry is the major reason for the growing interest of larger corporations toward investments in vertical farms. Toshiba Corporation (Japan) and Panasonic Corporation (Japan) have started providing financial and technical assistance to growers to set up vertical farms in various parts of the world. General Electric Company (US), a major provider of grow light systems, is partnering with Mirai, Inc. (Japan) in establishing a chain of vertical farms across multiple cities in Japan. Such developments in vertical farming are likely to boost the demand for grow lights in the coming years.
RoW to register growth at second highest CAGR
RoW is expected to witness the second highest CAGR of 30.3% during the forecast period. The Middle East is likely to capture the largest size of the RoW grow lights market during the forecast period. This region has started adopting urban farming methodologies to grow food locally and meet the demands of the rising population. Water scarcity is prevalent in the Middle East, and the temperatures vary between extreme hot during the day to extreme cold at night. Hence, by using hydroponic medium and LED grow lights, indoor farms and vertical farms are being developed in the Middle East to cultivate fruits and vegetables so that water evaporation can be avoided in a controlled environment.
Breakdown of primaries
The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company Type - Tier 1 – 35%, Tier 2 – 45%, Tier 3 – 20%
- By Designation— C-level Executives - 40%, Managers - 30%, Others - 30%
- By Region—North America - 40%, Europe - 20%, Asia Pacific - 30%, RoW - 10%
Research Coverage:
The report segments the grow lights market and forecasts its size, by offering, by wattage, spectrum, cultivated plant, lighting type, light source, application, installation type, sales channel, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the grow lights ecosystem
Key Benefits to Buy the Report:
- Analysis Of key drivers: (Heightened demand for fresh food and loss of arable land, strong government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices, increased investments in establishing vertical farms and greenhouses and associated advanced technologies, significant benefits such as energy-efficiency and longer life associated with LED grow lights over conventional lighting technologies, high potential capacity of LED grow lights enabling farmers to produce same quality crops all year round irrespective of weather conditions). Restraint (High setup and installation costs of LED grow lights and complex requirement for varied light spectrums for different crops). Opportunity (Growing acceptance of farm-to-table trend, legalization of cannabis in different countries, automation in lighting fixtures and technological advancements in LED grow lights, potential opportunities in Asian and Middle Eastern markets for vertical farming, integration of hardware, software, and data analytics platform for horticulture yield estimation and energy conservation). Challenges (Grow lights placement and positioning, need for technical know-how and complexities associated with deployment of CEA technology, absence of standard testing practices for accessing product quality of horticulture lights and their fixtures, and difficulties in integrating different components and technologies in CEA facilities)
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the grow lights market
- Market Development: Comprehensive information about lucrative markets – the report analyses the grow lights market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the grow lights market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Signify Holding (Netherlands), Gavita International B.V. (Netherlands), GE Lighting (US), Current (US), ams-OSRAM AG (Styria), Heliopsetra AB (Sweden), California LightWorks (US), Valoya Oy (Finland), EYE Hortilux (US), Hortilux Schr?der (Netherlands) among others in the grow lights market.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 GROW LIGHTS MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 GROW LIGHTS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key primary interview participants
2.1.3.2 Breakdown of primaries
FIGURE 3 BREAKDOWN OF PRIMARIES
2.1.3.3 Key data from primary sources
2.1.3.4 Key industry insights
2.2 FACTOR ANALYSIS
2.2.1 SUPPLY-SIDE ANALYSIS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALES OF PRODUCTS OFFERED IN GROW LIGHTS MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (TOP-DOWN APPROACH, SUPPLY-SIDE ANALYSIS) – ILLUSTRATION OF REVENUE ESTIMATION IN GROW LIGHTS MARKET
2.3 MARKET SIZE ESTIMATION
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Approach for obtaining market shares using bottom-up approach (demand side)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.2.1 Approach for obtaining market shares using top-down approach (supply side)
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3.3 GROWTH PROJECTIONS AND FORECASTING ASSUMPTIONS
TABLE 1 MARKET GROWTH ASSUMPTIONS
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 GROW LIGHTS MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
TABLE 2 KEY ASSUMPTIONS: MACRO AND MICRO-ECONOMIC ENVIRONMENT
2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON GROW LIGHTS MARKET
TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON GROW LIGHTS MARKET
2.7 LIMITATIONS
2.8 RISK ASSESSMENT
TABLE 4 RISK ASSESSMENT: GROW LIGHTS MARKET
3 EXECUTIVE SUMMARY
FIGURE 10 VERTICAL FARMING APPLICATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 CANNABIS SEGMENT TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
FIGURE 12 EUROPE TO DOMINATE MARKET FOR GROW LIGHTS DURING FORECAST PERIOD
3.1 IMPACT OF RECESSION ON GROW LIGHTS MARKET
FIGURE 13 PRE- AND POST-RECESSION IMPACT ON GROW LIGHTS MARKET
4 PREMIUM INSIGHTS
4.1 GROWTH OPPORTUNITIES FOR PLAYERS IN GROW LIGHTS MARKET
FIGURE 14 FACTORS SUCH AS HIGH DEMAND FOR FRESH FOOD AND LOSS OF ARABLE LAND TO DRIVE GROW LIGHTS MARKET
4.2 GROW LIGHTS MARKET, BY OFFERING
FIGURE 15 SOFTWARE & SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
4.3 GROW LIGHTS MARKET, BY SALES CHANNEL
FIGURE 16 DIRECT SALES CHANNELS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
4.4 GROW LIGHTS MARKET, BY WATTAGE
FIGURE 17 >300-WATT GROW LIGHTS TO DOMINATE MARKET IN 2028
4.5 GROW LIGHTS MARKET, BY INSTALLATION TYPE
FIGURE 18 RETROFIT INSTALLATIONS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
4.6 GROW LIGHTS MARKET, BY SPECTRUM
FIGURE 19 FULL-SPECTRUM LIGHTS TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
4.7 GROW LIGHTS MARKET, BY REGION
FIGURE 20 EUROPE TO DOMINATE MARKET IN 2028
4.8 GROW LIGHTS MARKET, BY COUNTRY
FIGURE 21 SOUTHEAST ASIAN COUNTRIES TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 GROW LIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 High demand for fresh food and loss of arable land
FIGURE 23 POPULATION VS. ARABLE LAND, 2020–2050
5.2.1.2 Strong government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices
TABLE 5 INCENTIVES IN US STATES FOR ADOPTION OF LED GROW LIGHTS
5.2.1.3 Increased investments in establishing vertical farms and greenhouses and associated advanced technologies
TABLE 6 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING
5.2.1.4 Significant benefits such as energy efficiency and longer life associated with LED grow lights over conventional lighting technologies
TABLE 7 TYPICAL SPECIFICATIONS OF LED VS. HID
TABLE 8 REDUCTIONS IN HARVEST CYCLE USING LED HORTICULTURE LIGHTING ON CANNABIS STRAINS
5.2.1.5 High potential of LED grow lights in enabling farmers to produce quality crops all year round irrespective of weather conditions
FIGURE 24 IMPACT OF DRIVERS ON GROW LIGHTS MARKET
5.2.2 RESTRAINTS
5.2.2.1 High setup and installation costs of LED grow lights
5.2.2.2 Complex requirements for varied light spectrums for different crops
TABLE 9 STANDARD SPECTRUMS
FIGURE 25 IMPACT OF RESTRAINTS ON GROW LIGHTS MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Growing acceptance of farm-to-table trend
5.2.3.2 Legalization of cannabis in different countries
5.2.3.3 Automation in lighting fixtures and technological advancements in LED grow lights
5.2.3.4 Potential opportunities in Asian and Middle Eastern markets for vertical farming
5.2.3.5 Integration of hardware, software, and data analytics platforms for horticulture yield estimation and energy conservation
FIGURE 26 IMPACT OF OPPORTUNITIES ON GROW LIGHTS MARKET
5.2.4 CHALLENGES
5.2.4.1 Grow lights placement and positioning
5.2.4.2 Need for technical know-how and complexities associated with deployment of CEA technology
5.2.4.3 Absence of standard testing practices for assessing product quality of horticulture lights and fixtures
5.2.4.4 Difficulties in integrating different components and technologies in CEA facilities
FIGURE 27 IMPACT OF CHALLENGES ON GROW LIGHTS MARKET
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 28 SUPPLY CHAIN OF GROW LIGHTS MARKET
TABLE 10 GROW LIGHTS MARKET: ECOSYSTEM
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN GROW LIGHTS MARKET
FIGURE 29 REVENUE SHIFT IN GROW LIGHTS MARKET
5.4 GROW LIGHTS MARKET ECOSYSTEM
FIGURE 30 ECOSYSTEM OF GROW LIGHTS
5.5 AVERAGE SELLING PRICE ANALYSIS
5.5.1 AVERAGE SELLING PRICE OF GROW LIGHTS OFFERED BY KEY PLAYERS
FIGURE 31 AVERAGE SELLING PRICE OF GROW LIGHTS OFFERED BY KEY PLAYERS
TABLE 11 AVERAGE SELLING PRICE OF GROW LIGHTS, BY LIGHT SOURCE (USD)
5.5.2 AVERAGE SELLING PRICE TREND
TABLE 12 AVERAGE PRICE: GROW LIGHTS, BY LIGHT SOURCE (USD)
FIGURE 32 AVERAGE PRICE: GROW LIGHTS, BY LIGHT SOURCE (USD)
5.6 KEY STAKEHOLDERS & BUYING CRITERIA
5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)
5.6.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 14 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.7 TECHNOLOGY TRENDS
5.7.1 FULL-SPECTRUM LED GROW LIGHT SYSTEMS
5.7.2 SOLID-STATE LIGHTING TECHNOLOGY
5.7.3 ADVANCED UV LED TECHNOLOGY FOR HORTICULTURAL APPLICATIONS
5.7.4 CENTRALIZED POWER SUPPLY
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 15 GROW LIGHTS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 CASE STUDIES
5.9.1 FASTER FINISHING AND ENHANCED VARIEGATION WITH PHILIPS LED GROW LIGHTS
5.9.2 LJUSG?RDA ACHIEVED ULTIMATE VERTICAL GROWTH FROM 0 TO 7,000 SQ. M. USING LED LIGHTING SOLUTIONS FROM HELIOSPECTRA
5.9.3 TOMATO GRAFTING AND HEALING WITH HELIOSPECTRA’S LED GROW LIGHTS
5.9.4 GAINING CUSTOMER APPRECIATION ABOUT QUALITY OF PLANTS GROWN UNDER PHILIPS LEDS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
TABLE 16 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
5.10.2 EXPORT SCENARIO
TABLE 17 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
5.11 PATENT ANALYSIS, 2012–2022
FIGURE 36 NUMBER OF PATENTS GRANTED FOR GROW LIGHTS, 2012–2022
FIGURE 37 REGIONAL ANALYSIS OF PATENTS GRANTED FOR GROW LIGHT SOLUTIONS, 2022
TABLE 18 LIST OF PATENTS PERTAINING TO GROW LIGHTS MARKET, 2021–2022
5.12 KEY CONFERENCES & EVENTS, 2023–2024
TABLE 19 GROW LIGHTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.13 STANDARDS AND REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 STANDARDS
5.14 TARIFF ANALYSIS
TABLE 24 TARIFFS FOR HS CODE 9405 EXPORTED BY CHINA (2021)
TABLE 25 TARIFFS FOR HS CODE 9405 EXPORTED BY US (2021)
6 GROW LIGHTS MARKET, BY OFFERING
6.1 INTRODUCTION
FIGURE 38 HARDWARE OFFERINGS TO DOMINATE GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 26 GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 27 GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 28 GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (THOUSAND UNITS)
TABLE 29 GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (THOUSAND UNITS)
6.2 HARDWARE
6.2.1 LARGE NUMBER OF MANUFACTURING COMPANIES PROVIDING GROW LIGHTS AS HARDWARE COMPONENTS TO DRIVE MARKET GROWTH
TABLE 30 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 32 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 33 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2023–2028 (USD MILLION)
6.3 SOFTWARE & SERVICES
6.3.1 GROWING USE OF SOFTWARE SOLUTIONS TO IMPROVE PLANT QUALITY TO BOOST MARKET
TABLE 34 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2023–2028 (USD MILLION)
TABLE 36 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 37 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2023–2028 (USD MILLION)
7 GROW LIGHTS MARKET, BY WATTAGE
7.1 INTRODUCTION
FIGURE 39 GROW LIGHTS MARKET, BY WATTAGE
FIGURE 40 >300-WATT GROW LIGHTS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
TABLE 38 GROW LIGHTS MARKET, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 39 GROW LIGHTS MARKET, BY WATTAGE, 2023–2028 (USD MILLION)
7.2 <300 WATTS
7.2.1 ABILITY TO USE LOW-POWER LIGHTS FOR EXTENDED PERIODS WITHOUT HARMING PLANTS TO PROPEL MARKET GROWTH
TABLE 40 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
7.3 >300 WATTS
7.3.1 IMPROVED GROW QUALITY AND ENERGY SAVINGS TO DRIVE DEMAND FOR >300-WATT GROW LIGHTS
TABLE 42 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 43 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8 GROW LIGHTS MARKET, BY SPECTRUM
8.1 INTRODUCTION
FIGURE 41 LIMITED-SPECTRUM GROW LIGHTS TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
TABLE 44 GROW LIGHTS MARKET, BY SPECTRUM, 2019–2022 (USD MILLION)
TABLE 45 GROW LIGHTS MARKET, BY SPECTRUM, 2023–2028 (USD MILLION)
8.2 FULL SPECTRUM
8.2.1 ADVANTAGES SUCH AS ENHANCED ROOT DEVELOPMENT AND IMPROVED NUTRITION AND COLOR TO DRIVE ADOPTION OF FULL-SPECTRUM LIGHTS
8.3 LIMITED SPECTRUM
8.3.1 ADVANTAGES SUCH AS HIGH EFFICIENCY FOR PLANT GROWTH AND ENERGY EFFICIENCY TO BOOST MARKET
9 GROW LIGHTS MARKET, BY CULTIVATED PLANT
9.1 INTRODUCTION
FIGURE 42 FRUITS & VEGETABLES TO DOMINATE GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 46 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 47 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
9.2 FRUITS & VEGETABLES
9.2.1 INCREASED DEMAND FOR HIGH-QUALITY ORGANIC FRUITS & VEGETABLES TO PROMOTE ADOPTION OF GROW LIGHTS
TABLE 48 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION, 2019–2022 (USD MILLION)
TABLE 49 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION, 2023–2028 (USD MILLION)
9.3 FLOWERS
9.3.1 EUROPE TO CAPTURE SIGNIFICANT SHARE OF GROW LIGHTS MARKET FOR FLOWERS IN COMING YEARS
TABLE 50 GROW LIGHTS MARKET FOR FLOWERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 GROW LIGHTS MARKET FOR FLOWERS, BY REGION, 2023–2028 (USD MILLION)
9.4 CANNABIS
9.4.1 LEGALIZATION OF CANNABIS FOR MEDICINAL PURPOSES TO DRIVE MARKET GROWTH
TABLE 52 GLOBAL CANNABIS CONSUMPTION
TABLE 53 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2023–2028 (USD MILLION)
10 GROW LIGHTS MARKET, BY INSTALLATION TYPE
10.1 INTRODUCTION
FIGURE 43 RETROFIT INSTALLATIONS TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
TABLE 55 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 56 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
10.2 NEW INSTALLATIONS
10.2.1 GROWING POPULARITY OF VERTICAL AND INDOOR FARMING TO DRIVE DEMAND FOR NEW INSTALLATIONS OF GROW LIGHTS
TABLE 57 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 58 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION, 2023–2028 (USD MILLION)
10.3 RETROFIT INSTALLATIONS
10.3.1 BENEFITS SUCH AS IMPROVED PLANT QUALITY AND REDUCED MAINTENANCE COSTS TO BOOST ADOPTION OF RETROFIT INSTALLATIONS
TABLE 59 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2023–2028 (USD MILLION)
11 GROW LIGHTS MARKET, BY LIGHTING TYPE
11.1 INTRODUCTION
FIGURE 44 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET DURING FORECAST PERIOD
TABLE 61 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 62 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
11.2 TOPLIGHTING
11.2.1 GROWING ADOPTION OF GROW LIGHT SOLUTIONS IN GREENHOUSE AGRICULTURE TO FAVOR MARKET GROWTH
TABLE 63 TOPLIGHTING GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 TOPLIGHTING GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.3 INTERLIGHTING
11.3.1 ABILITY OF INTERLIGHTING TO PROVIDE LIGHT BETWEEN PLANTS WITHOUT UNWANTED HEAT GENERATION TO BOOST DEMAND
TABLE 65 INTERLIGHTING GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 66 INTERLIGHTING GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
12 GROW LIGHTS MARKET, BY LIGHT SOURCE
12.1 INTRODUCTION
12.2 LIGHT-EMITTING DIODES (LED)
12.2.1 GROWING ADOPTION OF LED LIGHTS IN INDOOR FARMING DUE TO LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY TO BOOST MARKET
TABLE 67 COMPARISON OF DIFFERENT LIGHT SOURCES
12.3 FLUORESCENT LIGHTS
12.3.1 T5 FLUORESCENT LIGHTS
12.3.1.1 Growing health concerns to propel demand for fluorescent lights for indoor gardening
12.3.2 COMPACT FLUORESCENT LAMPS (CFLS)
12.3.2.1 Rising use of CFLs to grow herbs and plants in small spaces to drive growth
12.4 HIGH-INTENSITY DISCHARGE (HID) LIGHTS
12.4.1 HIGH-PRESSURE SODIUM (HPS) LAMPS
12.4.1.1 Ability to ensure uniform distribution of light across crops to drive demand for HPS lamps
12.4.2 METAL-HALIDE (MH) LAMPS
12.4.2.1 Benefits during initial vegetative stage of plant growth to boost adoption of metal-halide lamps
13 GROW LIGHTS MARKET, BY SALES CHANNEL
13.1 INTRODUCTION
FIGURE 45 DIRECT SALES CHANNELS TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
TABLE 68 GROW LIGHTS MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION)
TABLE 69 GROW LIGHTS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION)
13.2 DISTRIBUTION CHANNELS
13.2.1 RISING DEMAND FOR AFTER-SALES SERVICES TO DRIVE MARKET FOR DISTRIBUTION CHANNELS
13.3 E-COMMERCE CHANNELS
13.3.1 GROWING PREFERENCE FOR THIRD-PARTY E-COMMERCE PLATFORMS BY SMALL GROWERS/HOME-BASED GROWERS TO BOOST MARKET
13.4 DIRECT SALES CHANNELS
13.4.1 GROWING CONCERNS REGARDING COUNTERFEIT PRODUCTS TO BOOST SALES OF GROW LIGHTS THROUGH DIRECT SALES CHANNELS
14 GROW LIGHTS MARKET, BY APPLICATION
14.1 INTRODUCTION
FIGURE 46 GROW LIGHTS MARKET, BY APPLICATION
FIGURE 47 VERTICAL FARMING TO CAPTURE LARGEST SHARE OF GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 70 GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 71 GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
14.2 GREENHOUSES
14.2.1 ABILITY OF GROW LIGHTS TO ACHIEVE HIGHER YIELDS IN GREENHOUSES TO DRIVE MARKET GROWTH
FIGURE 48 EUROPE TO CAPTURE LARGEST SHARE OF GROW LIGHTS MARKET FOR GREENHOUSES IN 2028
TABLE 72 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2023–2028 (USD MILLION)
TABLE 74 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 75 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATTAGE, 2023–2028 (USD MILLION)
14.3 VERTICAL FARMING
14.3.1 OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION TO CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING
FIGURE 49 >300-WATT GROW LIGHTS TO REGISTER LARGEST SHARE IN GROW LIGHTS MARKET FOR VERTICAL FARMS IN 2028
TABLE 76 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 77 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATTAGE, 2023–2028 (USD MILLION)
TABLE 78 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2019–2022 (USD MILLION)
TABLE 79 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2023–2028 (USD MILLION)
14.4 INDOOR FARMING
14.4.1 INCREASED REQUIREMENT FOR FOOD TO ACCELERATE DEMAND FOR GROW LIGHTS IN INDOOR FARMING
TABLE 80 GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 81 GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATTAGE, 2023–2028 (USD MILLION)
TABLE 82 GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2019–2022 (USD MILLION)
TABLE 83 GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2023–2028 (USD MILLION)
14.5 OTHER APPLICATIONS
TABLE 84 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 85 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATTAGE, 2023–2028 (USD MILLION)
TABLE 86 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 87 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
15 GROW LIGHTS MARKET, BY REGION
15.1 INTRODUCTION
FIGURE 50 EUROPE TO HOLD LARGEST SHARE OF GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 88 GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 89 GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
15.2 NORTH AMERICA
FIGURE 51 NORTH AMERICA: SNAPSHOT OF GROW LIGHTS MARKET
TABLE 90 NORTH AMERICA: GROW LIGHTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 91 NORTH AMERICA: GROW LIGHTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 92 NORTH AMERICA: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 93 NORTH AMERICA: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 94 NORTH AMERICA: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 95 NORTH AMERICA: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 96 NORTH AMERICA: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 97 NORTH AMERICA: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 98 NORTH AMERICA: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 99 NORTH AMERICA: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 100 NORTH AMERICA: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 101 NORTH AMERICA: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.2.1 US
15.2.1.1 Significant presence of major manufacturers to drive market growth in US
15.2.2 CANADA
15.2.2.1 Legalization of cannabis to drive demand for grow lights in Canada
15.2.3 MEXICO
15.2.3.1 Extensive use of grow lights in tomato cultivation to accelerate market growth
15.3 EUROPE
FIGURE 52 EUROPE: SNAPSHOT OF GROW LIGHTS MARKET
TABLE 102 EUROPE: GROW LIGHTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 103 EUROPE: GROW LIGHTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 104 EUROPE: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 105 EUROPE: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
FIGURE 53 GREENHOUSE APPLICATIONS IN EUROPE TO OCCUPY LARGEST MARKET SHARE IN 2028
TABLE 106 EUROPE: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 107 EUROPE: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 108 EUROPE: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 109 EUROPE: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 110 EUROPE: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 111 EUROPE: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 112 EUROPE: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 113 EUROPE: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.3.1 UK
15.3.1.1 Large-scale indoor farming and vertical farming practices in UK to boost demand for grow lights
15.3.2 GERMANY
15.3.2.1 High adoption of grow lights in commercial greenhouses to fuel growth
15.3.3 NETHERLANDS
15.3.3.1 Robust agriculture industry and significant presence of key market players to augment growth
15.3.4 SCANDINAVIA
15.3.4.1 Rapid adoption of grow lights in indoor farming and greenhouse applications to stimulate market growth
15.3.5 REST OF EUROPE
15.4 ASIA PACIFIC
FIGURE 54 ASIA PACIFIC: SNAPSHOT OF GROW LIGHTS MARKET
FIGURE 55 SOUTHEAST ASIA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
TABLE 114 ASIA PACIFIC: GROW LIGHTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 115 ASIA PACIFIC: GROW LIGHTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 116 ASIA PACIFIC: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 117 ASIA PACIFIC: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 118 ASIA PACIFIC: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 119 ASIA PACIFIC: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 120 ASIA PACIFIC: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 121 ASIA PACIFIC: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 122 ASIA PACIFIC: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 123 ASIA PACIFIC: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 124 ASIA PACIFIC: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 125 ASIA PACIFIC: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.4.1 CHINA
15.4.1.1 Robust presence of leading LED manufacturers to promote market growth in China
15.4.2 JAPAN
15.4.2.1 Considerable shortage of arable land in Japan to boost demand for grow lights
15.4.3 SOUTHEAST ASIA
15.4.3.1 High demand for fresh horticulture produce to fuel market growth
15.4.4 AUSTRALIA
15.4.4.1 Limited rainfall to fuel adoption of grow lights for indoor farming in Australia
15.4.5 REST OF ASIA PACIFIC
15.5 REST OF THE WORLD
TABLE 126 REST OF THE WORLD: GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 127 REST OF THE WORLD: GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 128 REST OF THE WORLD: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 129 REST OF THE WORLD: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 130 REST OF THE WORLD: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 131 REST OF THE WORLD: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
FIGURE 56 FRUITS & VEGETABLES SEGMENT TO OCCUPY LARGEST MARKET SHARE IN 2028
TABLE 132 REST OF THE WORLD: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 133 REST OF THE WORLD: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 134 REST OF THE WORLD: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 135 REST OF THE WORLD: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 136 REST OF THE WORLD: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 137 REST OF THE WORLD: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.5.1 MIDDLE EAST
15.5.1.1 Resource scarcity to propel adoption of grow lights in vertical farms in Middle East
15.5.2 AFRICA
15.5.2.1 Harsh weather conditions to promote implementation of grow lights
15.5.3 SOUTH AMERICA
15.5.3.1 Vertical coffee farming in Brazil to provide lucrative opportunities for grow lights market
16 COMPETITIVE LANDSCAPE
16.1 OVERVIEW
16.2 MARKET EVALUATION FRAMEWORK
TABLE 138 OVERVIEW OF STRATEGIES ADOPTED BY KEY SOLUTION PROVIDERS
16.2.1 PRODUCT PORTFOLIO
16.2.2 REGIONAL FOCUS
16.2.3 MANUFACTURING FOOTPRINT
16.2.4 ORGANIC/INORGANIC STRATEGIES
16.3 MARKET SHARE ANALYSIS, 2022
TABLE 139 GROW LIGHTS MARKET: MARKET SHARE ANALYSIS (2022)
16.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 57 FIVE-YEAR REVENUE ANALYSIS OF TOP 2 PLAYERS IN GROW LIGHTS MARKET, 2018–2022
16.5 COMPANY EVALUATION QUADRANT
16.5.1 STARS
16.5.2 EMERGING LEADERS
16.5.3 PERVASIVE PLAYERS
16.5.4 PARTICIPANTS
FIGURE 58 GROW LIGHTS MARKET: COMPANY EVALUATION QUADRANT, 2022
16.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX
TABLE 140 GROW LIGHTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 141 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN GROW LIGHTS MARKET
TABLE 142 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (APPLICATION FOOTPRINT)
TABLE 143 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (OFFERING FOOTPRINT)
TABLE 144 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (REGION FOOTPRINT)
16.6.1 PROGRESSIVE COMPANIES
16.6.2 RESPONSIVE COMPANIES
16.6.3 DYNAMIC COMPANIES
16.6.4 STARTING BLOCKS
FIGURE 59 GROW LIGHTS MARKET: STARTUP/SME EVALUATION MATRIX, 2022
16.7 COMPANY FOOTPRINT
TABLE 145 COMPANY FOOTPRINT
TABLE 146 COMPANY-WISE OFFERING FOOTPRINT
TABLE 147 COMPANY-WISE APPLICATION FOOTPRINT
TABLE 148 COMPANY-WISE REGIONAL FOOTPRINT
16.8 COMPETITIVE SITUATION AND TRENDS
16.8.1 PRODUCT LAUNCHES
TABLE 149 PRODUCT LAUNCHES, JANUARY 2020–JANUARY 2023
16.8.2 DEALS
TABLE 150 DEALS, JANUARY 2020–JANUARY 2023
17 COMPANY PROFILES
17.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
17.1.1 SIGNIFY HOLDING
TABLE 151 SIGNIFY HOLDING: COMPANY SNAPSHOT
FIGURE 60 SIGNIFY HOLDING: COMPANY SNAPSHOT (2022)
17.1.2 GAVITA INTERNATIONAL B.V. (HAWTHORNE)
TABLE 152 GAVITA INTERNATIONAL B.V.: COMPANY SNAPSHOT
17.1.3 HELIOSPECTRA AB
TABLE 153 HELIOSPECTRA AB: COMPANY SNAPSHOT
FIGURE 61 HELIOSPECTRA AB: COMPANY SNAPSHOT (2022)
17.1.4 AMS-OSRAM AG
TABLE 154 AMS-OSRAM AG: COMPANY SNAPSHOT
FIGURE 62 AMS-OSRAM AG: COMPANY SNAPSHOT (2022)
17.1.5 CALIFORNIA LIGHTWORKS
TABLE 155 CALIFORNIA LIGHTWORKS: COMPANY SNAPSHOT
17.1.6 HORTILUX SCHR?DER (DOOL INDUSTRIES)
TABLE 156 HORTILUX SCHR?DER: COMPANY SNAPSHOT
17.1.7 VALOYA OY
TABLE 157 VALOYA OY: COMPANY SNAPSHOT
17.1.8 ILUMINAR LIGHTING
TABLE 158 ILUMINAR LIGHTING: COMPANY SNAPSHOT
17.1.9 BRIDGELUX, INC.
TABLE 159 BRIDGELUX, INC.: COMPANY SNAPSHOT
17.1.10 EYE HORTILUX (EYE LIGHTING INTERNATIONAL)
TABLE 160 EYE HORTILUX: COMPANY SNAPSHOT
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
17.2 OTHER PLAYERS
17.2.1 CURRENT
TABLE 161 CURRENT: COMPANY SNAPSHOT
17.2.2 PARSOURCE
TABLE 162 PARSOURCE: COMPANY SNAPSHOT
17.2.3 GE LIGHTING
TABLE 163 GE LIGHTING: COMPANY SNAPSHOT
17.2.4 HUBBELL
TABLE 164 HUBBELL: COMPANY SNAPSHOT
17.2.5 AGROLUX
TABLE 165 AGROLUX: COMPANY SNAPSHOT
17.2.6 ECONOLUX
TABLE 166 ECONOLUX: COMPANY SNAPSHOT
17.2.7 OREON
TABLE 167 OREON: COMPANY SNAPSHOT
17.2.8 GLACIALLIGHT INC.
TABLE 168 GLACIALLIGHT INC.: COMPANY SNAPSHOT
17.2.9 FOXCONN (HON HAI PRECISION INDUSTRY CO., LTD.)
TABLE 169 FOXCONN: COMPANY SNAPSHOT
17.2.10 VIVIDGRO
TABLE 170 VIVIDGRO: COMPANY SNAPSHOT
17.2.11 HYPERION GROW LIGHTS
TABLE 171 HYPERION GROW LIGHTS: COMPANY SNAPSHOT
17.2.12 NICHIA CORPORATION
TABLE 172 NICHIA CORPORATION: COMPANY SNAPSHOT
17.2.13 EVERLIGHT ELECTRONICS CO., LTD.
TABLE 173 EVERLIGHT ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
17.2.14 SANANBIO
TABLE 174 SANANBIO: COMPANY SNAPSHOT
17.2.15 LEDESTAR OPTO-ELECTRONICS TECH. CO., LTD.
TABLE 175 LEDESTAR OPTO-ELECTRONICS TECH. CO., LTD.: COMPANY SNAPSHOT
18 APPENDIX
18.1 DISCUSSION GUIDE
18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.3 CUSTOMIZATION OPTIONS
18.4 RELATED REPORTS
18.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 GROW LIGHTS MARKET SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 2 GROW LIGHTS MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
2.1.2 SECONDARY DATA
2.1.2.1 List of key secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 List of key primary interview participants
2.1.3.2 Breakdown of primaries
FIGURE 3 BREAKDOWN OF PRIMARIES
2.1.3.3 Key data from primary sources
2.1.3.4 Key industry insights
2.2 FACTOR ANALYSIS
2.2.1 SUPPLY-SIDE ANALYSIS
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) – REVENUES GENERATED BY COMPANIES FROM SALES OF PRODUCTS OFFERED IN GROW LIGHTS MARKET
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (TOP-DOWN APPROACH, SUPPLY-SIDE ANALYSIS) – ILLUSTRATION OF REVENUE ESTIMATION IN GROW LIGHTS MARKET
2.3 MARKET SIZE ESTIMATION
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
2.3.1 BOTTOM-UP APPROACH
2.3.1.1 Approach for obtaining market shares using bottom-up approach (demand side)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.3.2 TOP-DOWN APPROACH
2.3.2.1 Approach for obtaining market shares using top-down approach (supply side)
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.3.3 GROWTH PROJECTIONS AND FORECASTING ASSUMPTIONS
TABLE 1 MARKET GROWTH ASSUMPTIONS
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 GROW LIGHTS MARKET: DATA TRIANGULATION
2.5 ASSUMPTIONS
TABLE 2 KEY ASSUMPTIONS: MACRO AND MICRO-ECONOMIC ENVIRONMENT
2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON GROW LIGHTS MARKET
TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON GROW LIGHTS MARKET
2.7 LIMITATIONS
2.8 RISK ASSESSMENT
TABLE 4 RISK ASSESSMENT: GROW LIGHTS MARKET
3 EXECUTIVE SUMMARY
FIGURE 10 VERTICAL FARMING APPLICATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 11 CANNABIS SEGMENT TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
FIGURE 12 EUROPE TO DOMINATE MARKET FOR GROW LIGHTS DURING FORECAST PERIOD
3.1 IMPACT OF RECESSION ON GROW LIGHTS MARKET
FIGURE 13 PRE- AND POST-RECESSION IMPACT ON GROW LIGHTS MARKET
4 PREMIUM INSIGHTS
4.1 GROWTH OPPORTUNITIES FOR PLAYERS IN GROW LIGHTS MARKET
FIGURE 14 FACTORS SUCH AS HIGH DEMAND FOR FRESH FOOD AND LOSS OF ARABLE LAND TO DRIVE GROW LIGHTS MARKET
4.2 GROW LIGHTS MARKET, BY OFFERING
FIGURE 15 SOFTWARE & SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
4.3 GROW LIGHTS MARKET, BY SALES CHANNEL
FIGURE 16 DIRECT SALES CHANNELS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
4.4 GROW LIGHTS MARKET, BY WATTAGE
FIGURE 17 >300-WATT GROW LIGHTS TO DOMINATE MARKET IN 2028
4.5 GROW LIGHTS MARKET, BY INSTALLATION TYPE
FIGURE 18 RETROFIT INSTALLATIONS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
4.6 GROW LIGHTS MARKET, BY SPECTRUM
FIGURE 19 FULL-SPECTRUM LIGHTS TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
4.7 GROW LIGHTS MARKET, BY REGION
FIGURE 20 EUROPE TO DOMINATE MARKET IN 2028
4.8 GROW LIGHTS MARKET, BY COUNTRY
FIGURE 21 SOUTHEAST ASIAN COUNTRIES TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 GROW LIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 High demand for fresh food and loss of arable land
FIGURE 23 POPULATION VS. ARABLE LAND, 2020–2050
5.2.1.2 Strong government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices
TABLE 5 INCENTIVES IN US STATES FOR ADOPTION OF LED GROW LIGHTS
5.2.1.3 Increased investments in establishing vertical farms and greenhouses and associated advanced technologies
TABLE 6 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING
5.2.1.4 Significant benefits such as energy efficiency and longer life associated with LED grow lights over conventional lighting technologies
TABLE 7 TYPICAL SPECIFICATIONS OF LED VS. HID
TABLE 8 REDUCTIONS IN HARVEST CYCLE USING LED HORTICULTURE LIGHTING ON CANNABIS STRAINS
5.2.1.5 High potential of LED grow lights in enabling farmers to produce quality crops all year round irrespective of weather conditions
FIGURE 24 IMPACT OF DRIVERS ON GROW LIGHTS MARKET
5.2.2 RESTRAINTS
5.2.2.1 High setup and installation costs of LED grow lights
5.2.2.2 Complex requirements for varied light spectrums for different crops
TABLE 9 STANDARD SPECTRUMS
FIGURE 25 IMPACT OF RESTRAINTS ON GROW LIGHTS MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Growing acceptance of farm-to-table trend
5.2.3.2 Legalization of cannabis in different countries
5.2.3.3 Automation in lighting fixtures and technological advancements in LED grow lights
5.2.3.4 Potential opportunities in Asian and Middle Eastern markets for vertical farming
5.2.3.5 Integration of hardware, software, and data analytics platforms for horticulture yield estimation and energy conservation
FIGURE 26 IMPACT OF OPPORTUNITIES ON GROW LIGHTS MARKET
5.2.4 CHALLENGES
5.2.4.1 Grow lights placement and positioning
5.2.4.2 Need for technical know-how and complexities associated with deployment of CEA technology
5.2.4.3 Absence of standard testing practices for assessing product quality of horticulture lights and fixtures
5.2.4.4 Difficulties in integrating different components and technologies in CEA facilities
FIGURE 27 IMPACT OF CHALLENGES ON GROW LIGHTS MARKET
5.3 SUPPLY CHAIN ANALYSIS
FIGURE 28 SUPPLY CHAIN OF GROW LIGHTS MARKET
TABLE 10 GROW LIGHTS MARKET: ECOSYSTEM
5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN GROW LIGHTS MARKET
FIGURE 29 REVENUE SHIFT IN GROW LIGHTS MARKET
5.4 GROW LIGHTS MARKET ECOSYSTEM
FIGURE 30 ECOSYSTEM OF GROW LIGHTS
5.5 AVERAGE SELLING PRICE ANALYSIS
5.5.1 AVERAGE SELLING PRICE OF GROW LIGHTS OFFERED BY KEY PLAYERS
FIGURE 31 AVERAGE SELLING PRICE OF GROW LIGHTS OFFERED BY KEY PLAYERS
TABLE 11 AVERAGE SELLING PRICE OF GROW LIGHTS, BY LIGHT SOURCE (USD)
5.5.2 AVERAGE SELLING PRICE TREND
TABLE 12 AVERAGE PRICE: GROW LIGHTS, BY LIGHT SOURCE (USD)
FIGURE 32 AVERAGE PRICE: GROW LIGHTS, BY LIGHT SOURCE (USD)
5.6 KEY STAKEHOLDERS & BUYING CRITERIA
5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS
TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)
5.6.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 14 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
5.7 TECHNOLOGY TRENDS
5.7.1 FULL-SPECTRUM LED GROW LIGHT SYSTEMS
5.7.2 SOLID-STATE LIGHTING TECHNOLOGY
5.7.3 ADVANCED UV LED TECHNOLOGY FOR HORTICULTURAL APPLICATIONS
5.7.4 CENTRALIZED POWER SUPPLY
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 15 GROW LIGHTS MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 35 PORTER’S FIVE FORCES ANALYSIS
5.8.1 THREAT OF NEW ENTRANTS
5.8.2 THREAT OF SUBSTITUTES
5.8.3 BARGAINING POWER OF SUPPLIERS
5.8.4 BARGAINING POWER OF BUYERS
5.8.5 INTENSITY OF COMPETITIVE RIVALRY
5.9 CASE STUDIES
5.9.1 FASTER FINISHING AND ENHANCED VARIEGATION WITH PHILIPS LED GROW LIGHTS
5.9.2 LJUSG?RDA ACHIEVED ULTIMATE VERTICAL GROWTH FROM 0 TO 7,000 SQ. M. USING LED LIGHTING SOLUTIONS FROM HELIOSPECTRA
5.9.3 TOMATO GRAFTING AND HEALING WITH HELIOSPECTRA’S LED GROW LIGHTS
5.9.4 GAINING CUSTOMER APPRECIATION ABOUT QUALITY OF PLANTS GROWN UNDER PHILIPS LEDS
5.10 TRADE ANALYSIS
5.10.1 IMPORT SCENARIO
TABLE 16 IMPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
5.10.2 EXPORT SCENARIO
TABLE 17 EXPORT DATA, BY COUNTRY, 2017–2021 (USD MILLION)
5.11 PATENT ANALYSIS, 2012–2022
FIGURE 36 NUMBER OF PATENTS GRANTED FOR GROW LIGHTS, 2012–2022
FIGURE 37 REGIONAL ANALYSIS OF PATENTS GRANTED FOR GROW LIGHT SOLUTIONS, 2022
TABLE 18 LIST OF PATENTS PERTAINING TO GROW LIGHTS MARKET, 2021–2022
5.12 KEY CONFERENCES & EVENTS, 2023–2024
TABLE 19 GROW LIGHTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
5.13 STANDARDS AND REGULATORY LANDSCAPE
5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.2 STANDARDS
5.14 TARIFF ANALYSIS
TABLE 24 TARIFFS FOR HS CODE 9405 EXPORTED BY CHINA (2021)
TABLE 25 TARIFFS FOR HS CODE 9405 EXPORTED BY US (2021)
6 GROW LIGHTS MARKET, BY OFFERING
6.1 INTRODUCTION
FIGURE 38 HARDWARE OFFERINGS TO DOMINATE GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 26 GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 27 GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 28 GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (THOUSAND UNITS)
TABLE 29 GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (THOUSAND UNITS)
6.2 HARDWARE
6.2.1 LARGE NUMBER OF MANUFACTURING COMPANIES PROVIDING GROW LIGHTS AS HARDWARE COMPONENTS TO DRIVE MARKET GROWTH
TABLE 30 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 31 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 32 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 33 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2023–2028 (USD MILLION)
6.3 SOFTWARE & SERVICES
6.3.1 GROWING USE OF SOFTWARE SOLUTIONS TO IMPROVE PLANT QUALITY TO BOOST MARKET
TABLE 34 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2019–2022 (USD MILLION)
TABLE 35 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2023–2028 (USD MILLION)
TABLE 36 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 37 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2023–2028 (USD MILLION)
7 GROW LIGHTS MARKET, BY WATTAGE
7.1 INTRODUCTION
FIGURE 39 GROW LIGHTS MARKET, BY WATTAGE
FIGURE 40 >300-WATT GROW LIGHTS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
TABLE 38 GROW LIGHTS MARKET, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 39 GROW LIGHTS MARKET, BY WATTAGE, 2023–2028 (USD MILLION)
7.2 <300 WATTS
7.2.1 ABILITY TO USE LOW-POWER LIGHTS FOR EXTENDED PERIODS WITHOUT HARMING PLANTS TO PROPEL MARKET GROWTH
TABLE 40 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
7.3 >300 WATTS
7.3.1 IMPROVED GROW QUALITY AND ENERGY SAVINGS TO DRIVE DEMAND FOR >300-WATT GROW LIGHTS
TABLE 42 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 43 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
8 GROW LIGHTS MARKET, BY SPECTRUM
8.1 INTRODUCTION
FIGURE 41 LIMITED-SPECTRUM GROW LIGHTS TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
TABLE 44 GROW LIGHTS MARKET, BY SPECTRUM, 2019–2022 (USD MILLION)
TABLE 45 GROW LIGHTS MARKET, BY SPECTRUM, 2023–2028 (USD MILLION)
8.2 FULL SPECTRUM
8.2.1 ADVANTAGES SUCH AS ENHANCED ROOT DEVELOPMENT AND IMPROVED NUTRITION AND COLOR TO DRIVE ADOPTION OF FULL-SPECTRUM LIGHTS
8.3 LIMITED SPECTRUM
8.3.1 ADVANTAGES SUCH AS HIGH EFFICIENCY FOR PLANT GROWTH AND ENERGY EFFICIENCY TO BOOST MARKET
9 GROW LIGHTS MARKET, BY CULTIVATED PLANT
9.1 INTRODUCTION
FIGURE 42 FRUITS & VEGETABLES TO DOMINATE GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 46 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 47 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
9.2 FRUITS & VEGETABLES
9.2.1 INCREASED DEMAND FOR HIGH-QUALITY ORGANIC FRUITS & VEGETABLES TO PROMOTE ADOPTION OF GROW LIGHTS
TABLE 48 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION, 2019–2022 (USD MILLION)
TABLE 49 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION, 2023–2028 (USD MILLION)
9.3 FLOWERS
9.3.1 EUROPE TO CAPTURE SIGNIFICANT SHARE OF GROW LIGHTS MARKET FOR FLOWERS IN COMING YEARS
TABLE 50 GROW LIGHTS MARKET FOR FLOWERS, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 GROW LIGHTS MARKET FOR FLOWERS, BY REGION, 2023–2028 (USD MILLION)
9.4 CANNABIS
9.4.1 LEGALIZATION OF CANNABIS FOR MEDICINAL PURPOSES TO DRIVE MARKET GROWTH
TABLE 52 GLOBAL CANNABIS CONSUMPTION
TABLE 53 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2019–2022 (USD MILLION)
TABLE 54 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2023–2028 (USD MILLION)
10 GROW LIGHTS MARKET, BY INSTALLATION TYPE
10.1 INTRODUCTION
FIGURE 43 RETROFIT INSTALLATIONS TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
TABLE 55 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 56 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
10.2 NEW INSTALLATIONS
10.2.1 GROWING POPULARITY OF VERTICAL AND INDOOR FARMING TO DRIVE DEMAND FOR NEW INSTALLATIONS OF GROW LIGHTS
TABLE 57 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 58 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION, 2023–2028 (USD MILLION)
10.3 RETROFIT INSTALLATIONS
10.3.1 BENEFITS SUCH AS IMPROVED PLANT QUALITY AND REDUCED MAINTENANCE COSTS TO BOOST ADOPTION OF RETROFIT INSTALLATIONS
TABLE 59 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 60 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2023–2028 (USD MILLION)
11 GROW LIGHTS MARKET, BY LIGHTING TYPE
11.1 INTRODUCTION
FIGURE 44 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET DURING FORECAST PERIOD
TABLE 61 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 62 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
11.2 TOPLIGHTING
11.2.1 GROWING ADOPTION OF GROW LIGHT SOLUTIONS IN GREENHOUSE AGRICULTURE TO FAVOR MARKET GROWTH
TABLE 63 TOPLIGHTING GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 64 TOPLIGHTING GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
11.3 INTERLIGHTING
11.3.1 ABILITY OF INTERLIGHTING TO PROVIDE LIGHT BETWEEN PLANTS WITHOUT UNWANTED HEAT GENERATION TO BOOST DEMAND
TABLE 65 INTERLIGHTING GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 66 INTERLIGHTING GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
12 GROW LIGHTS MARKET, BY LIGHT SOURCE
12.1 INTRODUCTION
12.2 LIGHT-EMITTING DIODES (LED)
12.2.1 GROWING ADOPTION OF LED LIGHTS IN INDOOR FARMING DUE TO LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY TO BOOST MARKET
TABLE 67 COMPARISON OF DIFFERENT LIGHT SOURCES
12.3 FLUORESCENT LIGHTS
12.3.1 T5 FLUORESCENT LIGHTS
12.3.1.1 Growing health concerns to propel demand for fluorescent lights for indoor gardening
12.3.2 COMPACT FLUORESCENT LAMPS (CFLS)
12.3.2.1 Rising use of CFLs to grow herbs and plants in small spaces to drive growth
12.4 HIGH-INTENSITY DISCHARGE (HID) LIGHTS
12.4.1 HIGH-PRESSURE SODIUM (HPS) LAMPS
12.4.1.1 Ability to ensure uniform distribution of light across crops to drive demand for HPS lamps
12.4.2 METAL-HALIDE (MH) LAMPS
12.4.2.1 Benefits during initial vegetative stage of plant growth to boost adoption of metal-halide lamps
13 GROW LIGHTS MARKET, BY SALES CHANNEL
13.1 INTRODUCTION
FIGURE 45 DIRECT SALES CHANNELS TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
TABLE 68 GROW LIGHTS MARKET, BY SALES CHANNEL, 2019–2022 (USD MILLION)
TABLE 69 GROW LIGHTS MARKET, BY SALES CHANNEL, 2023–2028 (USD MILLION)
13.2 DISTRIBUTION CHANNELS
13.2.1 RISING DEMAND FOR AFTER-SALES SERVICES TO DRIVE MARKET FOR DISTRIBUTION CHANNELS
13.3 E-COMMERCE CHANNELS
13.3.1 GROWING PREFERENCE FOR THIRD-PARTY E-COMMERCE PLATFORMS BY SMALL GROWERS/HOME-BASED GROWERS TO BOOST MARKET
13.4 DIRECT SALES CHANNELS
13.4.1 GROWING CONCERNS REGARDING COUNTERFEIT PRODUCTS TO BOOST SALES OF GROW LIGHTS THROUGH DIRECT SALES CHANNELS
14 GROW LIGHTS MARKET, BY APPLICATION
14.1 INTRODUCTION
FIGURE 46 GROW LIGHTS MARKET, BY APPLICATION
FIGURE 47 VERTICAL FARMING TO CAPTURE LARGEST SHARE OF GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 70 GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 71 GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
14.2 GREENHOUSES
14.2.1 ABILITY OF GROW LIGHTS TO ACHIEVE HIGHER YIELDS IN GREENHOUSES TO DRIVE MARKET GROWTH
FIGURE 48 EUROPE TO CAPTURE LARGEST SHARE OF GROW LIGHTS MARKET FOR GREENHOUSES IN 2028
TABLE 72 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2023–2028 (USD MILLION)
TABLE 74 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 75 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATTAGE, 2023–2028 (USD MILLION)
14.3 VERTICAL FARMING
14.3.1 OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION TO CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING
FIGURE 49 >300-WATT GROW LIGHTS TO REGISTER LARGEST SHARE IN GROW LIGHTS MARKET FOR VERTICAL FARMS IN 2028
TABLE 76 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 77 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATTAGE, 2023–2028 (USD MILLION)
TABLE 78 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2019–2022 (USD MILLION)
TABLE 79 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2023–2028 (USD MILLION)
14.4 INDOOR FARMING
14.4.1 INCREASED REQUIREMENT FOR FOOD TO ACCELERATE DEMAND FOR GROW LIGHTS IN INDOOR FARMING
TABLE 80 GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 81 GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATTAGE, 2023–2028 (USD MILLION)
TABLE 82 GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2019–2022 (USD MILLION)
TABLE 83 GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2023–2028 (USD MILLION)
14.5 OTHER APPLICATIONS
TABLE 84 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATTAGE, 2019–2022 (USD MILLION)
TABLE 85 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATTAGE, 2023–2028 (USD MILLION)
TABLE 86 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2019–2022 (USD MILLION)
TABLE 87 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)
15 GROW LIGHTS MARKET, BY REGION
15.1 INTRODUCTION
FIGURE 50 EUROPE TO HOLD LARGEST SHARE OF GROW LIGHTS MARKET DURING FORECAST PERIOD
TABLE 88 GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 89 GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
15.2 NORTH AMERICA
FIGURE 51 NORTH AMERICA: SNAPSHOT OF GROW LIGHTS MARKET
TABLE 90 NORTH AMERICA: GROW LIGHTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 91 NORTH AMERICA: GROW LIGHTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 92 NORTH AMERICA: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 93 NORTH AMERICA: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 94 NORTH AMERICA: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 95 NORTH AMERICA: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 96 NORTH AMERICA: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 97 NORTH AMERICA: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 98 NORTH AMERICA: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 99 NORTH AMERICA: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 100 NORTH AMERICA: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 101 NORTH AMERICA: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.2.1 US
15.2.1.1 Significant presence of major manufacturers to drive market growth in US
15.2.2 CANADA
15.2.2.1 Legalization of cannabis to drive demand for grow lights in Canada
15.2.3 MEXICO
15.2.3.1 Extensive use of grow lights in tomato cultivation to accelerate market growth
15.3 EUROPE
FIGURE 52 EUROPE: SNAPSHOT OF GROW LIGHTS MARKET
TABLE 102 EUROPE: GROW LIGHTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 103 EUROPE: GROW LIGHTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 104 EUROPE: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 105 EUROPE: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
FIGURE 53 GREENHOUSE APPLICATIONS IN EUROPE TO OCCUPY LARGEST MARKET SHARE IN 2028
TABLE 106 EUROPE: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 107 EUROPE: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 108 EUROPE: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 109 EUROPE: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 110 EUROPE: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 111 EUROPE: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 112 EUROPE: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 113 EUROPE: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.3.1 UK
15.3.1.1 Large-scale indoor farming and vertical farming practices in UK to boost demand for grow lights
15.3.2 GERMANY
15.3.2.1 High adoption of grow lights in commercial greenhouses to fuel growth
15.3.3 NETHERLANDS
15.3.3.1 Robust agriculture industry and significant presence of key market players to augment growth
15.3.4 SCANDINAVIA
15.3.4.1 Rapid adoption of grow lights in indoor farming and greenhouse applications to stimulate market growth
15.3.5 REST OF EUROPE
15.4 ASIA PACIFIC
FIGURE 54 ASIA PACIFIC: SNAPSHOT OF GROW LIGHTS MARKET
FIGURE 55 SOUTHEAST ASIA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
TABLE 114 ASIA PACIFIC: GROW LIGHTS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 115 ASIA PACIFIC: GROW LIGHTS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 116 ASIA PACIFIC: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 117 ASIA PACIFIC: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 118 ASIA PACIFIC: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 119 ASIA PACIFIC: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 120 ASIA PACIFIC: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 121 ASIA PACIFIC: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 122 ASIA PACIFIC: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 123 ASIA PACIFIC: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 124 ASIA PACIFIC: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 125 ASIA PACIFIC: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.4.1 CHINA
15.4.1.1 Robust presence of leading LED manufacturers to promote market growth in China
15.4.2 JAPAN
15.4.2.1 Considerable shortage of arable land in Japan to boost demand for grow lights
15.4.3 SOUTHEAST ASIA
15.4.3.1 High demand for fresh horticulture produce to fuel market growth
15.4.4 AUSTRALIA
15.4.4.1 Limited rainfall to fuel adoption of grow lights for indoor farming in Australia
15.4.5 REST OF ASIA PACIFIC
15.5 REST OF THE WORLD
TABLE 126 REST OF THE WORLD: GROW LIGHTS MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 127 REST OF THE WORLD: GROW LIGHTS MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 128 REST OF THE WORLD: GROW LIGHTS MARKET, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 129 REST OF THE WORLD: GROW LIGHTS MARKET, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 130 REST OF THE WORLD: GROW LIGHTS MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 131 REST OF THE WORLD: GROW LIGHTS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
FIGURE 56 FRUITS & VEGETABLES SEGMENT TO OCCUPY LARGEST MARKET SHARE IN 2028
TABLE 132 REST OF THE WORLD: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019–2022 (USD MILLION)
TABLE 133 REST OF THE WORLD: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023–2028 (USD MILLION)
TABLE 134 REST OF THE WORLD: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019–2022 (USD MILLION)
TABLE 135 REST OF THE WORLD: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023–2028 (USD MILLION)
TABLE 136 REST OF THE WORLD: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019–2022 (USD MILLION)
TABLE 137 REST OF THE WORLD: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023–2028 (USD MILLION)
15.5.1 MIDDLE EAST
15.5.1.1 Resource scarcity to propel adoption of grow lights in vertical farms in Middle East
15.5.2 AFRICA
15.5.2.1 Harsh weather conditions to promote implementation of grow lights
15.5.3 SOUTH AMERICA
15.5.3.1 Vertical coffee farming in Brazil to provide lucrative opportunities for grow lights market
16 COMPETITIVE LANDSCAPE
16.1 OVERVIEW
16.2 MARKET EVALUATION FRAMEWORK
TABLE 138 OVERVIEW OF STRATEGIES ADOPTED BY KEY SOLUTION PROVIDERS
16.2.1 PRODUCT PORTFOLIO
16.2.2 REGIONAL FOCUS
16.2.3 MANUFACTURING FOOTPRINT
16.2.4 ORGANIC/INORGANIC STRATEGIES
16.3 MARKET SHARE ANALYSIS, 2022
TABLE 139 GROW LIGHTS MARKET: MARKET SHARE ANALYSIS (2022)
16.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
FIGURE 57 FIVE-YEAR REVENUE ANALYSIS OF TOP 2 PLAYERS IN GROW LIGHTS MARKET, 2018–2022
16.5 COMPANY EVALUATION QUADRANT
16.5.1 STARS
16.5.2 EMERGING LEADERS
16.5.3 PERVASIVE PLAYERS
16.5.4 PARTICIPANTS
FIGURE 58 GROW LIGHTS MARKET: COMPANY EVALUATION QUADRANT, 2022
16.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX
TABLE 140 GROW LIGHTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 141 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN GROW LIGHTS MARKET
TABLE 142 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (APPLICATION FOOTPRINT)
TABLE 143 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (OFFERING FOOTPRINT)
TABLE 144 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (REGION FOOTPRINT)
16.6.1 PROGRESSIVE COMPANIES
16.6.2 RESPONSIVE COMPANIES
16.6.3 DYNAMIC COMPANIES
16.6.4 STARTING BLOCKS
FIGURE 59 GROW LIGHTS MARKET: STARTUP/SME EVALUATION MATRIX, 2022
16.7 COMPANY FOOTPRINT
TABLE 145 COMPANY FOOTPRINT
TABLE 146 COMPANY-WISE OFFERING FOOTPRINT
TABLE 147 COMPANY-WISE APPLICATION FOOTPRINT
TABLE 148 COMPANY-WISE REGIONAL FOOTPRINT
16.8 COMPETITIVE SITUATION AND TRENDS
16.8.1 PRODUCT LAUNCHES
TABLE 149 PRODUCT LAUNCHES, JANUARY 2020–JANUARY 2023
16.8.2 DEALS
TABLE 150 DEALS, JANUARY 2020–JANUARY 2023
17 COMPANY PROFILES
17.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
17.1.1 SIGNIFY HOLDING
TABLE 151 SIGNIFY HOLDING: COMPANY SNAPSHOT
FIGURE 60 SIGNIFY HOLDING: COMPANY SNAPSHOT (2022)
17.1.2 GAVITA INTERNATIONAL B.V. (HAWTHORNE)
TABLE 152 GAVITA INTERNATIONAL B.V.: COMPANY SNAPSHOT
17.1.3 HELIOSPECTRA AB
TABLE 153 HELIOSPECTRA AB: COMPANY SNAPSHOT
FIGURE 61 HELIOSPECTRA AB: COMPANY SNAPSHOT (2022)
17.1.4 AMS-OSRAM AG
TABLE 154 AMS-OSRAM AG: COMPANY SNAPSHOT
FIGURE 62 AMS-OSRAM AG: COMPANY SNAPSHOT (2022)
17.1.5 CALIFORNIA LIGHTWORKS
TABLE 155 CALIFORNIA LIGHTWORKS: COMPANY SNAPSHOT
17.1.6 HORTILUX SCHR?DER (DOOL INDUSTRIES)
TABLE 156 HORTILUX SCHR?DER: COMPANY SNAPSHOT
17.1.7 VALOYA OY
TABLE 157 VALOYA OY: COMPANY SNAPSHOT
17.1.8 ILUMINAR LIGHTING
TABLE 158 ILUMINAR LIGHTING: COMPANY SNAPSHOT
17.1.9 BRIDGELUX, INC.
TABLE 159 BRIDGELUX, INC.: COMPANY SNAPSHOT
17.1.10 EYE HORTILUX (EYE LIGHTING INTERNATIONAL)
TABLE 160 EYE HORTILUX: COMPANY SNAPSHOT
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
17.2 OTHER PLAYERS
17.2.1 CURRENT
TABLE 161 CURRENT: COMPANY SNAPSHOT
17.2.2 PARSOURCE
TABLE 162 PARSOURCE: COMPANY SNAPSHOT
17.2.3 GE LIGHTING
TABLE 163 GE LIGHTING: COMPANY SNAPSHOT
17.2.4 HUBBELL
TABLE 164 HUBBELL: COMPANY SNAPSHOT
17.2.5 AGROLUX
TABLE 165 AGROLUX: COMPANY SNAPSHOT
17.2.6 ECONOLUX
TABLE 166 ECONOLUX: COMPANY SNAPSHOT
17.2.7 OREON
TABLE 167 OREON: COMPANY SNAPSHOT
17.2.8 GLACIALLIGHT INC.
TABLE 168 GLACIALLIGHT INC.: COMPANY SNAPSHOT
17.2.9 FOXCONN (HON HAI PRECISION INDUSTRY CO., LTD.)
TABLE 169 FOXCONN: COMPANY SNAPSHOT
17.2.10 VIVIDGRO
TABLE 170 VIVIDGRO: COMPANY SNAPSHOT
17.2.11 HYPERION GROW LIGHTS
TABLE 171 HYPERION GROW LIGHTS: COMPANY SNAPSHOT
17.2.12 NICHIA CORPORATION
TABLE 172 NICHIA CORPORATION: COMPANY SNAPSHOT
17.2.13 EVERLIGHT ELECTRONICS CO., LTD.
TABLE 173 EVERLIGHT ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
17.2.14 SANANBIO
TABLE 174 SANANBIO: COMPANY SNAPSHOT
17.2.15 LEDESTAR OPTO-ELECTRONICS TECH. CO., LTD.
TABLE 175 LEDESTAR OPTO-ELECTRONICS TECH. CO., LTD.: COMPANY SNAPSHOT
18 APPENDIX
18.1 DISCUSSION GUIDE
18.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
18.3 CUSTOMIZATION OPTIONS
18.4 RELATED REPORTS
18.5 AUTHOR DETAILS
