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Grow Light Market by Product and Geography - Global Forecast and Analysis 2019-2023 - Product Image

Grow Light Market by Product and Geography - Global Forecast and Analysis 2019-2023

  • ID: 4828976
  • Report
  • Region: Global
  • 125 pages
  • TechNavio
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FEATURED COMPANIES

  • Gavita International BV
  • General Electric Co.
  • Iwasaki Electric Co. Ltd.
  • OSRAM Licht AG
  • Signify NV.
  • MORE
Global Grow Light Market: About this market

The grow light market analysis considers sales from HID lights, LED lights, fluorescent lights, and others. The analysis also considers the sales of grow light in APAC, Europe, North America, South America, and MEA. In 2018, the HID light segment had a significant market share. However, the LED light segment will have the largest market share during the forecast period. Factors such as high energy efficiency of LED lights and their long lamp life will play a significant role in the LED light segment to change its market position. Also, the global grow light market report looks at factors such as growing popularity of urban culture, advances in LED lighting technology for horticulture applications, and growing emphasis on expansion of horticulture projects and product offerings. However, high ownership for grow lights, constraints related to lighting complexities and crop range, and stringent regulations in North America and Europe may hamper the growth of the grow light industry over the forecast period.

Global Grow Light Market: Overview

Growing popularity of urban agriculture

Governments, organizations, and individuals have been focusing on innovating farming techniques, such as urban farming due to the shortage of arable land and water. The growing adoption of urban agriculture such as vertical farming, is a practice of producing vegetables in vertically stacked layers or surfaces that may be integrated into structures and skyscrapers. Grow light solutions are being increasingly adopted in urban agriculture projects to reduce the dependency on natural light sources. With rapid advances in LED grow lights, urban farmers can replicate natural light wavelengths and color components to facilitate plant growth. This will lead to the expansion of the global grow light market at a CAGR of almost 19% during the forecast period.

The rising popularity of hydroponic farming systems

The demand for hydroponic farming systems is one of the major grow light market trends that have increased the sale of CFL, HID, HPS and LED grow light solutions. Hydroponic systems refer to the method of growing plants without any soil or compost. Gardeners are opting for electrical illumination for indoor farming applications. This growing popularity of hydroponic farming systems is expected to have a positive impact on the overall market growth.

Competitive Landscape

With the presence of several major players, the global grow light market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading grow light manufacturers, that include Gavita International BV, General Electric Co., Iwasaki Electric Co. Ltd., OSRAM Licht AG, Signify NV.

Also, the grow light market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Gavita International BV
  • General Electric Co.
  • Iwasaki Electric Co. Ltd.
  • OSRAM Licht AG
  • Signify NV.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
  • Market segmentation by product
  • Comparison by product
  • HID lights - Market size and forecast 2018-2023
  • LED lights - Market size and forecast 2018-2023
  • Fluorescent lights - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by product
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Application of grow lights in plant disease detection and monitoring
  • Rising popularity of hydroponic farming systems
  • Rising prominence of IoT in grow light technology
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Gavita International BV
  • General Electric Co.
  • Iwasaki Electric Co. Ltd.
  • OSRAM Licht AG
  • Signify NV
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Product overview
Exhibit 02: Global agribusiness market
Exhibit 03: Segments of global agribusiness market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Market size 2018
Exhibit 08: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 09: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 10: Five forces analysis 2018
Exhibit 11: Five forces analysis 2023
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2018
Exhibit 18: Product - Market share 2018-2023 (%)
Exhibit 19: Comparison by product
Exhibit 20: HID lights - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: HID lights - Year-over-year growth 2019-2023 (%)
Exhibit 22: LED lights - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: LED lights - Year-over-year growth 2019-2023 (%)
Exhibit 24: Fluorescent lights - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: Fluorescent lights - Year-over-year growth 2019-2023 (%)
Exhibit 26: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: Others - Year-over-year growth 2019-2023 (%)
Exhibit 28: Market opportunity by product
Exhibit 29: Customer landscape
Exhibit 30: Market share by geography 2018-2023 (%)
Exhibit 31: Geographic comparison
Exhibit 32: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 33: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 34: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: North America - Year-over-year growth 2019-2023 (%)
Exhibit 36: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 38: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 40: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: South America - Year-over-year growth 2019-2023 (%)
Exhibit 42: Key leading countries
Exhibit 43: Market opportunity
Exhibit 44: Impact of drivers and challenges
Exhibit 45: Vendor landscape
Exhibit 46: Landscape disruption
Exhibit 47: Vendors covered
Exhibit 48: Vendor classification
Exhibit 49: Market positioning of vendors
Exhibit 50: Gavita International BV - Vendor overview
Exhibit 51: Gavita International BV - Product segments
Exhibit 52: Gavita International BV - Key offerings
Exhibit 53: General Electric Co. - Vendor overview
Exhibit 54: General Electric Co. - Business segments
Exhibit 55: General Electric Co. - Organizational developments
Exhibit 56: General Electric Co. - Geographic focus
Exhibit 57: General Electric Co. - Segment focus
Exhibit 58: General Electric Co. - Key offerings
Exhibit 59: Iwasaki Electric Co. Ltd. - Vendor overview
Exhibit 60: Iwasaki Electric Co. Ltd. - Business segments
Exhibit 61: Iwasaki Electric Co. Ltd. - Organizational developments
Exhibit 62: Iwasaki Electric Co. Ltd. - Geographic focus
Exhibit 63: Iwasaki Electric Co. Ltd. - Segment focus
Exhibit 64: Iwasaki Electric Co. Ltd. - Key offerings
Exhibit 65: OSRAM Licht AG - Vendor overview
Exhibit 66: OSRAM Licht AG - Business segments
Exhibit 67: OSRAM Licht AG - Organizational developments
Exhibit 68: OSRAM Licht AG - Geographic focus
Exhibit 69: OSRAM Licht AG - Segment focus
Exhibit 70: OSRAM Licht AG - Key offerings
Exhibit 71: Signify NV - Vendor overview
Exhibit 72: Signify NV - Business segments
Exhibit 73: Signify NV - Organizational developments
Exhibit 74: Signify NV - Geographic focus
Exhibit 75: Signify NV - Segment focus
Exhibit 76: Signify NV - Key offerings
Exhibit 77: Validation techniques employed for market sizing
Exhibit 78: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Gavita International BV
  • General Electric Co.
  • Iwasaki Electric Co. Ltd.
  • OSRAM Licht AG
  • Signify NV.
  • MORE
The following companies are recognised as the key players in the global grow light market: Gavita International BV, General Electric Co., Iwasaki Electric Co. Ltd., OSRAM Licht AG, Signify NV.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the rising popularity of hydroponic farming systems.”

According to the report, one of the major drivers for this market is the growing popularity of urban agriculture.

Further, the report states that one of the major factors hindering the growth of this market is the constraints related to lighting complexities and crop range.

The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Gavita International BV
  • General Electric Co.
  • Iwasaki Electric Co. Ltd.
  • OSRAM Licht AG
  • Signify NV.
Note: Product cover images may vary from those shown
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