The market is driven by growth in indoor farming, the need for energy-efficient and long-lasting grow light technology, and the need to improve the yield of crops and reduce crop wastage
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The light-emitting diode (LED) grow lights market is forecasted to grow by USD 4869.64 mn during 2022-2027, accelerating at a CAGR of 26.8% during the forecast period. The report on the light-emitting diode (LED) grow lights market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth in indoor farming, need for energy-efficient and long-lasting grow light technology, and need to improve the yield of crops and reduce crop wastage.
The light-emitting diode (LED) grow lights market is segmented as below:
By Application
- Commercial greenhouses
- Vertical farming
- Indoor farming
- Others
By Power Rating
- Low power (< 100 W)
- Medium power (100-300 W)
- High power (>300 W)
By Geographical Landscape
- Europe
- North America
- APAC
- South America
- Middle East and Africa
The report on the light-emitting diode (LED) grow lights market covers the following areas:
- Light-emitting diode (LED) grow lights market sizing
- Light-emitting diode (LED) grow lights market forecast
- Light-emitting diode (LED) grow lights market industry analysis
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 an analysis of the key vendors.
The publisher presents a detaiLED picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Power Rating
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
List of Exhibits
Executive Summary
The publisher recognizes the following companies as the key players in the global light-emitting diode (LED) grow lights market: Advanced Grow Lights American Co., Biological Innovation and Optimization Systems LLC, Black Dog Grow Technologies Inc., Bridgelux Inc., ControlLED Environments Ltd., Dool Industries, General Electric Co., GrowRay Lighting Technologies, Heliospectra AB, Kessil, Kind LED Grow Lights, LED Hydroponic Ltd., Samsung Electronics Co. Ltd., SANlight GmbH, Senmatic AS, Shenzhen Grow LED Technology Co. Ltd., Valoya Oy, Signify NV, OSRAM Licht AG, and SMART Global Holdings Inc..Commenting on the report, an analyst from the research team said: 'The latest trend gaining momentum in the market is use of artificial intelligence in LED grow lights.'
According to the report, one of the major drivers for this market is need for energy-efficient and long-lasting grow light technology.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Advanced Grow Lights American Co.
- Biological Innovation and Optimization Systems LLC
- Black Dog Grow Technologies Inc.
- Bridgelux Inc.
- Controlled Environments Ltd.
- Dool Industries
- General Electric Co.
- GrowRay Lighting Technologies
- Heliospectra AB
- Kessil
- Kind LED Grow Lights
- LED Hydroponic Ltd.
- Samsung Electronics Co. Ltd.
- SANlight GmbH
- Senmatic AS
- Shenzhen Grow LED Technology Co. Ltd.
- Valoya Oy
- Signify NV
- OSRAM Licht AG
- SMART Global Holdings Inc.