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US Grow Light Market (2022-2027) by Offering, Lighting Type, Installation Type, Watt, Application, Plant Cultivated, Spectrum , Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

  • ID: 5585862
  • Report
  • March 2022
  • Region: United States
  • 182 Pages
  • Infogence Global Research

FEATURED COMPANIES

  • Active Grow Llc
  • Eye Horhortilux Foxconn
  • GE Lighting
  • Iluminar Lighting
  • Lumigrow Nichia Corp
  • Valoya
The US Grow Light Market is estimated to be USD 412.35 Mn in 2022 and is projected to reach USD 753.03 Mn by 2027, growing at a CAGR of 12.8%.



Market dynamics are forces that impact the prices and behaviors of the US Grow Light Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The US Grow Light Market is segmented based on Offering, Lighting Type, Installation Type, Watt, Application, Plant Cultivated, Spectrum and Geography.
  • By Offering, the market is classified into Hardware and Software & Software.
  • By Lighting Type, the market is classified into Toplighting and Interlighting.
  • By Installation Type, the market is classified into New Installations and Retrofit Installations.
  • By Watt, the market is classified into< 300 Watts and >300 Watts.
  • By Application, the market is classified into Greenhouses, Vertical Farms, Indoor Farms, and Oaboratories.
  • By Plant Cultivated, the market is classified into Fruits & Vegetables, Flowers, and Cannabis.
  • By Spectrum, the market is classified into .
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Active Grow Llc, Agnetix Zenith, Agrolux Black Dog Led Inc, California Lightworks Econolux, Everlight Electronics Co. Ltd, Eye Horhortilux Foxconn, Gavita International B.V, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the US Grow Light Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the US Grow Light Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the US Grow Light Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the US Grow Light Market

What is the estimated value of the US Grow Light Market?

The US Grow Light Market was estimated to be valued at $412.4 Million in 2022.

What is the growth rate of the US Grow Light Market?

The growth rate of the US Grow Light Market is 12.8%, with an estimated value of $753.0 Million by 2027.

What is the forecasted size of the US Grow Light Market?

The US Grow Light Market is estimated to be worth $753.0 Million by 2027.

Who are the key companies in the US Grow Light Market?

Key companies in the US Grow Light Market include Active Grow Llc, Agnetix Zenith, Agrolux Black Dog Led Inc, California Lightworks Econolux, Everlight Electronics Co. Ltd, Eye Horhortilux Foxconn, Gavita International B.V, GE Company and Glacial Light Heliospectra Ab.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Active Grow Llc
  • Eye Horhortilux Foxconn
  • GE Lighting
  • Iluminar Lighting
  • Lumigrow Nichia Corp
  • Valoya

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Strong Government Support for Adoption of Solid-State Lighting Technology and Controlled-Environment Agriculture (CEA) Practices
4.1.2 Increased Investments in Establishing Vertical Farms and Greenhouses Because of Advanced Tehnologies
4.1.3 Energy-Efficiency and Longer Life Associated with LED Grow Lights over Conventional Lighting Technologies
4.1.4 High Potential Capacity of LED Grow Lights Enabling Farmers to Produce Same Quality Crops All Year Round Irrespective of Weather Conditions
4.2 Restraints
4.2.1 High Setup and Installation Costs of LED Grow Lights
4.2.2 Complex Requirement for Varied Light Spectrums for Different Crops
4.3 Opportunities
4.3.1 Automation in Lighting Fixtures and Technological Advancements in LED Grow Lights
4.3.2 Integration of Hardware, Software, and Data Analytics Platform for Horticulture Yield Estimation and Energy Conservation
4.4 Challenges
4.4.1 Requirement of Technical Experts to Solve the Complexities Associated with Deployment of CEA Technology
4.4.2 Absence of Standard Testing Practices for Accessing Product Quality of Horticulture Lights and their Fixtures
4.4.3 Difficulties in Integrating Different Com
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 US' Grow Light Market, By Offering
6.1 Introduction
6.2 Hardware
6.3 Software & Services
7 US' Grow Light Market, By Lighting Type
7.1 Introduction
7.2 Toplighting
7.3 Interlighting
8 US' Grow Light Market, By Installation Type
8.1 Introduction
8.2 New Installations
8.3 Retrofit Installations
9 US' Grow Light Market, By Watt
9.1 Introduction
9.2 < 300 Watts
9.3 >300 Watts
10 US' Grow Light Market, By Application
10.1 Introduction
10.2 Greenhouses
10.3 Vertical Farms
10.4 Indoor Farms
10.5 Research & Tissue Culture Laboratories
11 US' Grow Light Market, By Plant Cultivated
11.1 Introduction
11.2 Fruits & Vegetables
11.3 Flowers
11.4 Cannabis
12 US' Grow Light Market, By Spectrum
12.1 Introduction
12.2 Full Spectrum
12.3 Partial Spectrum
13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements
14 Company Profiles
14.1 Active Grow Llc
14.2 Agnetix Zenith
14.3 Agrolux Black Dog Led Inc
14.4 California Lightworks Econolux
14.5 Everlight Electronics Co. Ltd
14.6 Eye Horhortilux Foxconn
14.7 Gavita International B.V
14.8 GE Company
14.9 GE Lighting
14.10 Glacial Light Heliospectra Ab
14.11 Hubbell
14.12 Hyperion Grow Lights
14.13 Iluminar Lighting
14.14 Iwasaki Electric Co. Ltd
14.15 Koninklijke Philips N.V
14.16 Lumigrow Nichia Corp
14.17 Oreon
14.18 Osram GmbH
14.19 Parsource San’An Optoelectronics
14.20 Signify Holdings Thrive Agritech
14.21 Valoya
14.22 Viparspectra
14.23 Vividgro
15 Appendix
15.1 Questionnaire
Note: Product cover images may vary from those shown
  • Active Grow Llc
  • Agnetix Zenith
  • Agrolux Black Dog Led Inc
  • California Lightworks Econolux
  • Everlight Electronics Co. Ltd
  • Eye Horhortilux Foxconn
  • Gavita International B.V
  • GE Company
  • GE Lighting
  • Glacial Light Heliospectra Ab
  • Hubbell
  • Hyperion Grow Lights
  • Iluminar Lighting
  • Iwasaki Electric Co. Ltd
  • Koninklijke Philips N.V
  • Lumigrow Nichia Corp
  • Oreon
  • Osram GmbH
  • Parsource San’An Optoelectronics
  • Signify Holdings Thrive Agritech
  • Valoya
  • Viparspectra
  • Vividgro
Note: Product cover images may vary from those shown