LED Grow Light Market by Wattage, Type of Installation (New, Retrofit), Spectrum (Partial, Full), Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, and Others), and Geography - Forecast to 2020

  • ID: 3308727
  • Report
  • Region: Global
  • 111 Pages
  • Markets and Markets
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LED Grow Light Market Expected to Rise to More Than $1.9 Billion by 2020

FEATURED COMPANIES

  • Alta LED Corporation
  • Bridgelux, Inc.
  • CREE, Inc.
  • General Electric Company
  • Heliospectra AB
  • Illumitex, Inc.
  • MORE
A grow light is a type of electronic lamp designed to accelerate plant growth by emitting electromagnetic spectrum ideal for photosynthesis. LED grow lights make use of LED technology for illumination. The LED grow light market is analyzed by different product types, range of light spectrum emitted by them, and on the basis of new or retrofit type of installation. The application segments considered for market estimation of LED grow light include indoor farming, commercial greenhouses, vertical farming, turf & landscaping, and research purposes. The LED grow light has different power that differed according to application. For example the commercial greenhouse, vertical farming, and indoor farming uses high power LED whereas the turf and landscaping application requires the low watt LED for decoration of gardens and hotels.

The LED grow light is costly compared to other grow light technology hence their usage was restricted to the application where urban farming is done with large scale. But with the advancement in technology and awareness about its energy efficiency compared to other lighting technology adoption has increased rapidly. The destruction of lighting according to plants need and low heat generation is the some of the benefit of LED grow light. It used in may application among them commercial application held the largest share value $170.66 Million in 2014 and expected to grow with CAGR 26.19% from 2015 to 2020.

This research study segments the LED grow light market on the basis of different types of products, installation type, spectrum, applications, and geographies. It also provides revenue forecast, and analyses trends in the market. The geographical analysis contains an in-depth classification for North America, Europe, APAC and Rest of the World and highlights some of the major countries/regions from all these geographies. The sections and the sub-segments in the report contain drivers, restraints, opportunities, current market trends, and the technologies expected to revolutionize the LED grow light domain. The report also provides comprehensive profiles of various companies, active in these markets. Moreover, it includes a competitive Landscape of the key players in the LED grow light market with detailed market ranking analysis, mergers and acquisitions, collaborations, partnerships, new product developments, and the key growth strategies of each player.

Scope of the report:

This report categorizes the global LED grow light market on the basis of product, spectrum, installation type, application, and geography. It also covers some of the emerging technologies and trends in this market.

Market on the basis of product type:

On the basis of product type, the market is segmented into low power product (<300watt) and high power product (>300watt).

Market based on spectrum:

The LED grow light market, based on spectrum, is segmented into laser partial spectrum and full spectrum.

Market based on installation type:

The LED grow light market, based on installation type, is segmented into new installation, and retrofit.

Market on the basis of application:

The LED grow light market, based on applications is broadly segmented into indoor farming, commercial greenhouse, vertical farming, turf & landscaping, research, and others.

Market based on geography:

The geographic analysis covers the North America, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report gives a deep insight about the regional markets.
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FEATURED COMPANIES

  • Alta LED Corporation
  • Bridgelux, Inc.
  • CREE, Inc.
  • General Electric Company
  • Heliospectra AB
  • Illumitex, Inc.
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Growth Opportunities in the LED Grow Light Market
4.2 Market, By Application
4.3 Market in the Asia-Pacific Region, 2014
4.4 U.S. Commanded Leading Market Share in the Market in 2014
4.5 Vertical Farming is Expected to Be the Fastest Growing Application for LED Grow Light During 2015 - 2020

5 Market Overview
5.1 Introduction
5.2 Evolution of LED Grow Lights
5.3 Market Segmentation
5.4 Market Dynamics
5.4.1 Drivers
5.4.1.1 Rising Trend of Indoor Farming Would Boost the Adoption of LED Grow Lights
5.4.1.2 Government Regulations Favoring Growth of LED Technology
5.4.1.3 Need for Energy-Efficient and Long-Lasting Lighting Technology
5.4.2 Restraints
5.4.2.1 Purchasing of Good Quality LED Grow Lights Can Be Very Costly for Growers
5.4.3 Opportunities
5.4.3.1 Retrofitting of Conventional Lighting Technologies With LED Grow Lights
5.4.3.2 Emergence of Vertical Farms in Urban Areas
5.4.4 Challenges
5.4.4.1 Absence of Standard Testing Practices for Assessing the Quality of LED Products

6 Industry Trends
6.1 Value Chain
6.2 Strategic Benchmarking
6.2.1 Contracts, Agreements, and Product Innovations
6.3 Porter’s Five Forces Analysis
6.3.1 Threat of New Entrants
6.3.2 Threat of Substitutes
6.3.3 Bargaining Power of Suppliers
6.3.4 Bargaining Power of Buyers
6.3.5 Intensity of Rivalry

7 LED Grow Light Market, By Product
7.1 Introduction
7.2 < 300 Watt
7.3 >300 Watt

8 LED Grow Light Market, By Installation Type
8.1 Introduction
8.2 New Installation
8.3 Retrofit

9 LED Grow Light Market, By Spectrum
9.1 Introduction
9.2 Partial Spectrum
9.3 Full Spectrum

10 LED Grow Light Market, By Application
10.1 Introduction
10.2 Indoor Farming
10.3 Commercial Greenhouse
10.4 Vertical Farming
10.5 Turf and Landscaping
10.6 Research
10.7 Others

11 LED Grow Light Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 APAC
11.5 RoW

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.2.1 Market Ranking Analysis for LED Grow Light Market, 2014
12.3 Competitive Situation and Trends
12.3.1 New Product Launches
12.3.2 Agreements, Partnerships, Collaborations, and Joint Ventures
12.3.3 Other Developments

13 Company Profiles
13.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
13.2 Royal Philips Electronics N.V.
13.3 Lumigrow, Inc.
13.4 Osram Licht AG
13.5 Heliospectra AB
13.6 General Electric Company
13.7 CREE, Inc.
13.8 Everlight Electronics Co. Ltd.
13.9 Alta LED Corporation
13.10 Bridgelux, Inc.
13.11 Illumitex, Inc.

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

14 Appendix
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Introducing RT: Real-Time Market Intelligence
14.4 Available Customizations
14.5 Related Reports

List of Tables

Table 1 Drivers: Impact Analysis
Table 2 Restraints: Impact Analysis
Table 3 Opportunities: Impact Analysis
Table 4 Challenges: Impact Analysis
Table 5 LED Grow Light Market Size, By Product, 2014 - 2020 (USD Million)
Table 6 LED Grow Lighting Market Size, By Type of Installation, 2014 - 2020 (USD Million)
Table 7 Market Size, By Spectrum, 2014 - 2020 (USD Million)
Table 8 Market Size, By Application, 2014 - 2020 (USD Million)
Table 9 Indoor Farming Market Size, By Watt, 2014 - 2020 (USD Million))
Table 10 Indoor Farming Market Size, By Spectrum, 2014 - 2020 (USD Million)
Table 11 Indoor Farming Market Size, By Geography, 2014 - 2020 (USD Million)
Table 12 Commercial Greenhouse Market Size, By Watt, 2014 - 2020 (USD Million)
Table 13 Commercial Greenhouse Market Size, By Spectrum, 2014 - 2020 (USD Million)
Table 14 Commercial Greenhouse Market Size, By Geography, 2014 - 2020 (USD Million)
Table 15 Vertical Farming Market Size, By Watt, 2014 - 2020 (USD Million)
Table 16 Vertical Farming Market Size, By Spectrum, 2014 - 2020 (USD Million)
Table 17 Vertical Farming Market Size, By Geography, 2014 - 2020 (USD Million)
Table 18 Turf & Landscaping Market Size, By Watt, 2014 - 2020 (USD Million)
Table 19 Turf & Landscaping Market Size, By Spectrum, 2014 - 2020 (USD Million)
Table 20 Turf & Landscaping Market Size, By Geography, 2014 - 2020 (USD Million)
Table 21 Research Market Size, By Watt, 2014 - 2020 (USD Million)
Table 22 Research Market Size, By Spectrum, 2014 - 2020 (USD Million)
Table 23 Research Market Size, By Geography, 2014 - 2020 (USD Million)
Table 24 Others Market Size, By Watt, 2014 - 2020 (USD Million)
Table 25 Other Application Market Size, By Spectrum, 2014 - 2020 (USD Million)
Table 26 Other Application Market Size, By Geography, 2014 - 2020 (USD Million)
Table 27 Market, By Geography, 2014 - 2020 (USD Million)
Table 28 North America: LED Grow Lighting Market Size, By Application, 2014 - 2020 (USD Million)
Table 29 North America: LED Grow Lighting Market Size, By Country, 2014 - 2020 (USD Million)
Table 30 Europe: LED Grow Lighting Market Size, By Application, 2014 - 2020 (USD Million)
Table 31 Europe: LED Grow Lighting Market Size, By Country, 2014 - 2020 (USD Million)
Table 32 APAC: LED Grow Lighting Market Size, By Application, 2014 - 2020 (USD Million)
Table 33 APAC: LED Grow Lighting Market Size, By Country, 2014 - 2020 (USD Million)
Table 34 RoW: LED Grow Lighting Market Size, By Application, 2014 - 2020 (USD Million)
Table 35 RoW: LED Grow Lighting Market Size, By Country, 2014 - 2020 (USD Million)
Table 36 New Product Launches, 2014 - 2015
Table 37 Agreements, Partnerships, Collaborations, and Joint Ventures, 2014 - 2015
Table 38 Other Developments, 2014 - 2015

List of Figures

Figure 1 Research Design
Figure 2 Market Size Estimation Meth0dology: Bottom-Up Approach
Figure 3 Market Size Estimation Meth0dology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Assumptions of the Research Study
Figure 6 Limitations of the Research Study
Figure 7 Market Snapshot (2015 vs 2020): Commercial Greenhouse is Expected to Have the Largest Market Size During the Forecast Period
Figure 8 Global Market, By Application, 2014
Figure 9 Market, By Spectrum, 2015 vs 2020
Figure 10 Global Market Share, By Region, 2014
Figure 11 Market is Expected to Rise With A Very High Adoption Rate During the Forecast Period
Figure 12 Commercial Greenhouses are Expected to Be the Largest Adopters of LED Grow Light Technology During 2015 - 2020
Figure 13 Japan Was One of the First Adopters of LED Grow Light Technology in Asia-Pacific With 33% Market Share in 2014
Figure 14 U.S and Germany Were the Leading Markets for LED Grow Lights in 2014
Figure 15 Market is Expected to See the Fastest Adoption in the Vertical Farming Application During the Forecast Period
Figure 16 Evolution of Lighting Technologies
Figure 17 LED Grow Light Market, By Power Output
Figure 18 Market, By Spectrum
Figure 19 Market, By Type of Installation
Figure 20 Market, By Application
Figure 21 Indoor Farming and Government Regulations to Drive the Market for LED Grow Lights During the Forecast Period
Figure 22 LED Grow Light Market: Value Chain Analysis
Figure 23 Strategic Benchmarking: Major Companies are Focusing on Contractual Agreements as Growth Strategy
Figure 24 Porter’s Five Forces Analysis for Market
Figure 25 Porter’s Five Forces: Impact Analysis
Figure 26 Theat of New Entrants
Figure 27 Threat of Substitutes
Figure 28 Bargaining Power of Suppliers
Figure 29 Bargaining Power of Buyers
Figure 30 Intensity of Rivalry
Figure 31 Market for >300watt LED Panels Held the Largest Market Share in 2014
Figure 32 New Installation Market Held the Largest Market Share in 2014
Figure 33 Vertical Farming is Expected to Grow at the Highest CAGR Among All Applications From 2015 to 2020
Figure 34 APAC Market is Expected to Grow at the Highest CAGR From 2015 to 2020
Figure 35 High Watt LED Panels Holds Largest Market Share in 2014
Figure 36 LED Grow Light Market, Geographic Snapshot, 2015 - 2020
Figure 37 Europe Geographic Snapshot, 2014
Figure 38 APAC Geographic Snapshot, 2014
Figure 39 Companies Adopted Agreement, Partnership, and Joint Venture as the Key Growth Strategy From 2013-2015
Figure 40 Battle for Market Share: Agreement, Partnership, and Collaboration Was the Key Strategy
Figure 41 Geographic Revenue Mix of Major Companies
Figure 42 Royal Philips Electronics N.V.: Company Snapshot
Figure 43 Royal Philips Electronics N.V.: SWOT Analysis
Figure 44 Lumigrow, Inc.: SWOT Analysis
Figure 45 Osram Licht AG: Company Snapshot
Figure 46 Osram Licht AG: SWOT Analysis
Figure 47 Heliospectra AB: SWOT Analysis
Figure 48 General Electric Company: Company Snapshot
Figure 49 General Electric Company: SWOT Analysis
Figure 50 CREE, Inc.: Company Snapshot
Figure 51 Everlight Electronics Co. Ltd.: Company Snapshot
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- Alta LED Corporation
- Bridgelux, Inc.
- CREE, Inc.
- Everlight Electronics Co. Ltd.
- General Electric Company
- Heliospectra AB
- Illumitex, Inc.
- Lumigrow, Inc.
- Osram Licht AG
- Royal Philips Electronics N.V.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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