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Light-emitting Diode (LED) Grow Lights Market by Application and Geography - Forecast and Analysis 2020-2024 - Product Image

Light-emitting Diode (LED) Grow Lights Market by Application and Geography - Forecast and Analysis 2020-2024

  • ID: 4860974
  • Report
  • November 2019
  • Region: Global
  • 135 pages
  • TechNavio
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FEATURED COMPANIES

  • Advanced LED Grow Lights
  • Cree Inc.
  • General Electric Co.
  • GNUK Ltd.
  • Heliospectra AB
  • Illumitex Inc.
  • MORE
Global Light-emitting Diode (LED) Grow Lights Market: About this market
The light-emitting diode (LED) grow lights market analysis considers sales from commercial greenhouses, vertical farming, and other applications. Our study also finds the sales of light-emitting diode (LED) grow lights in APAC, Europe, MEA, North America, and South America. In 2018, the commercial greenhouses segment had a significant market share. However, LED grow lights market growth in the greenhouse segment will be slower than the growth of the market in the vertical farming segment. Factors such as high demand for LED grow lights from greenhouse operators will play a significant role in the vertical farming segment to maintain its market position. Also, our global light-emitting diode (LED) grow lights market report looks at factors such as growth in indoor farming, need for energy-efficient and long-lasting grow light technology, and new product developments. However, high installation and setup costs, harmful effects of LED grow lights, and weight of LED grow lights may hamper the growth of the light-emitting diode (LED) grow lights industry over the forecast period.

Global Light-emitting Diode (LED) Grow Lights Market: Overview

Growth in indoor farming
There has been a growing scarcity of arable lands with increasing industrial development and urbanization. The need for indoor farming has increased due to the growing demand for food. The establishment of various facilities such as greenhouses, storage containers, refurbished warehouses, and other structures has eased the practice of indoor farming. There are various ways to produce crops indoors, including vertical farming, aquaponics, and hydroponics. This has led to high productivity in small areas. For instance, Signify NV launched its new Philips GreenPower LED toplighting with an optimized light spectrum for cut rose cultivation. This growth in indoor farming will lead to the expansion of the global light-emitting diode (LED) grow lights market at a CAGR of over 25% during the forecast period.

Use of artificial intelligence in LED grow lights
The demand for artificial intelligence in various fields has been growing. Artificial intelligence helps in discovering various environmental factors, which can affect plant growth during indoor farming. Indoor farming needs a controlled environment with the right amount of temperature, humidity, CO2 level, water, and light. AI-enabled LED grow lights are also helping end-users in saving electricity bills. Vendors such as Osram Light are manufacturing AI-enabled LED grow lights that not only regulates light input but also predicts crop diseases. This development is expected to have a positive impact on the overall market growth.

Competitive Landscape
With the presence of several major players, the global light-emitting diode (LED) grow lights market is highly 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 light-emitting diode (LED) grow lights manufacturers, that include Advanced LED Grow Lights, Cree Inc., General Electric Co., GNUK Ltd., Heliospectra AB, Illumitex Inc., LumiGrow Inc., OSRAM Licht AG, Senmatic AS, and Signify NV.

Also, the light-emitting diode (LED) grow lights 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

  • Advanced LED Grow Lights
  • Cree Inc.
  • General Electric Co.
  • GNUK Ltd.
  • Heliospectra AB
  • Illumitex Inc.
  • 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
  • Value chain analysis
PART 04: MARKET SIZING
  • Market definition
  • Market size
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024
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 APPLICATION
  • Market segmentation by application
  • Comparison by application
  • Commercial greenhouses - Market size and forecast 2019-2024
  • Vertical farming - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by application
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity
PART 09: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 10: MARKET TRENDS
  • Growing strategic alliances with end-users
  • Use of LED grow lights in the suppression of plant diseases
  • Use of artificial intelligence in LED grow lights
PART 11: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 12: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Advanced LED Grow Lights
  • Cree Inc.
  • General Electric Co.
  • GNUK Ltd.
  • Heliospectra AB
  • Illumitex Inc.
  • LumiGrow Inc.
  • OSRAM Licht AG
  • Senmatic AS
  • Signify NV
PART 13: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits
Exhibit 01: Vendors: Key offerings
Exhibit 02: Global electronics market
Exhibit 03: Segments of global electronics market
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Value chain: global LED grow lights market
Exhibit 07: Market definition - Inclusions and exclusions checklist
Exhibit 08: Market size 2019
Exhibit 09: Global market: Size and forecast 2019-2024 ($ millions)
Exhibit 10: Global market: Year-over-year growth 2020-2024 (%)
Exhibit 11: Five forces analysis 2019
Exhibit 12: Five forces analysis 2024
Exhibit 13: Bargaining power of buyers
Exhibit 14: Bargaining power of suppliers
Exhibit 15: Threat of new entrants
Exhibit 16: Threat of substitutes
Exhibit 17: Threat of rivalry
Exhibit 18: Market condition - Five forces 2019
Exhibit 19: Application - Market share 2019-2024 (%)
Exhibit 20: Comparison by application
Exhibit 21: Commercial greenhouses - Market size and forecast 2019-2024 ($ millions)
Exhibit 22: Commercial greenhouses - Year-over-year growth 2020-2024 (%)
Exhibit 23: Vertical farming - Market size and forecast 2019-2024 ($ millions)
Exhibit 24: Vertical farming - Year-over-year growth 2020-2024 (%)
Exhibit 25: Others - Market size and forecast 2019-2024 ($ millions)
Exhibit 26: Others - Year-over-year growth 2020-2024 (%)
Exhibit 27: Market opportunity by application
Exhibit 28: Customer landscape
Exhibit 29: Market share by geography 2019-2024 (%)
Exhibit 30: Geographic comparison
Exhibit 31: Europe - Market size and forecast 2019-2024 ($ millions)
Exhibit 32: Europe - Year-over-year growth 2020-2024 (%)
Exhibit 33: North America - Market size and forecast 2019-2024 ($ millions)
Exhibit 34: North America - Year-over-year growth 2020-2024 (%)
Exhibit 35: APAC - Market size and forecast 2019-2024 ($ millions)
Exhibit 36: APAC - Year-over-year growth 2020-2024 (%)
Exhibit 37: South America - Market size and forecast 2019-2024 ($ millions)
Exhibit 38: South America - Year-over-year growth 2020-2024 (%)
Exhibit 39: MEA - Market size and forecast 2019-2024 ($ millions)
Exhibit 40: MEA - Year-over-year growth 2020-2024 (%)
Exhibit 41: Key leading countries
Exhibit 42: Market opportunity
Exhibit 43: Impact of drivers and challenges
Exhibit 44: Vendor landscape
Exhibit 45: Landscape disruption
Exhibit 46: Vendors covered
Exhibit 47: Vendor classification
Exhibit 48: Market positioning of vendors
Exhibit 49: Advanced LED Grow Lights - Vendor overview
Exhibit 50: Advanced LED Grow Lights - Product segments
Exhibit 51: Advanced LED Grow Lights - Key offerings
Exhibit 52: Cree Inc. - Vendor overview
Exhibit 53: Cree Inc. - Business segments
Exhibit 54: Cree Inc. - Organizational developments
Exhibit 55: Cree Inc. - Geographic focus
Exhibit 56: Cree Inc. - Segment focus
Exhibit 57: Cree Inc. - Key offerings
Exhibit 58: General Electric Co. - Vendor overview
Exhibit 59: General Electric Co. - Business segments
Exhibit 60: General Electric Co. - Organizational developments
Exhibit 61: General Electric Co. - Geographic focus
Exhibit 62: General Electric Co. - Segment focus
Exhibit 63: General Electric Co. - Key offerings
Exhibit 64: GNUK Ltd. - Vendor overview
Exhibit 65: GNUK Ltd. - Product segments
Exhibit 66: GNUK Ltd. - Key offerings
Exhibit 67: Heliospectra AB - Vendor overview
Exhibit 68: Heliospectra AB - Product segments
Exhibit 69: Heliospectra AB - Organizational developments
Exhibit 70: Heliospectra AB - Key offerings
Exhibit 71: Illumitex Inc. - Vendor overview
Exhibit 72: Illumitex Inc. - Product segments
Exhibit 73: Illumitex Inc. - Organizational developments
Exhibit 74: Illumitex Inc. - Key offerings
Exhibit 75: LumiGrow Inc. - Vendor overview
Exhibit 76: LumiGrow Inc. - Product segments
Exhibit 77: LumiGrow Inc. - Organizational developments
Exhibit 78: LumiGrow Inc. - Key offerings
Exhibit 79: OSRAM Licht AG - Vendor overview
Exhibit 80: OSRAM Licht AG - Business segments
Exhibit 81: OSRAM Licht AG - Organizational developments
Exhibit 82: OSRAM Licht AG - Geographic focus
Exhibit 83: OSRAM Licht AG - Segment focus
Exhibit 84: OSRAM Licht AG - Key offerings
Exhibit 85: Senmatic AS - Vendor overview
Exhibit 86: Senmatic AS - Product segments
Exhibit 87: Senmatic AS - Organizational developments
Exhibit 88: Senmatic AS - Key offerings
Exhibit 89: Signify NV - Vendor overview
Exhibit 90: Signify NV - Business segments
Exhibit 91: Signify NV - Organizational developments
Exhibit 92: Signify NV - Geographic focus
Exhibit 93: Signify NV - Segment focus
Exhibit 94: Signify NV - Key offerings
Exhibit 95: Validation techniques employed for market sizing
Exhibit 96: Definition of market positioning of vendors
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Advanced LED Grow Lights
  • Cree Inc.
  • General Electric Co.
  • GNUK Ltd.
  • Heliospectra AB
  • Illumitex Inc.
  • MORE
The following companies as the key players in the global light-emitting diode (LED) grow lights market: Advanced LED Grow Lights, Cree Inc., General Electric Co., GNUK Ltd., Heliospectra AB, Illumitex Inc., LumiGrow Inc., OSRAM Licht AG, Senmatic AS, and Signify NV.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the use of artificial intelligence in LED grow lights.”

According to the report, one of the major drivers for this market is the growth in indoor farming.

Further, the report states that one of the major factors hindering the growth of this market is the harmful effects of LED grow lights.

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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  • Advanced LED Grow Lights
  • Cree Inc.
  • General Electric Co.
  • GNUK Ltd.
  • Heliospectra AB
  • Illumitex Inc.
  • LumiGrow Inc.
  • OSRAM Licht AG
  • Senmatic AS
  • Signify NV.
Note: Product cover images may vary from those shown
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