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2021
Led Grow Lights Market

LED Grow Lights Market By Wattage (Low Power, Medium Power, and High Power), Spectrum (Narrow and Broad), Installation Type (New Installation and Retrofit), and Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf and Landscaping, Research, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12416
Pages: 280
Jul 2021 | 622 Views
   
Author(s) : Ruchal Humbare , Vineet Kumar
Tables: 150
Charts: 74
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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LED Grow Lights Market Outlook – 2030 

The global LED grow lights market size was valued at $1.28 billion in 2020, and is projected to reach $12.32 billion by 2030, registering a CAGR of 28.2% from 2021 to 2030. LED grow lights are specialized LED lights used for growing indoor plants. These lights help plants in the process of photosynthesis and boost healthy development and yield incredible products. LED grow lights offer many benefits that other lighting technologies do not have. It includes longer lifespan, cooler temperature, greater efficiency, usage of full spectrum, compact size, and state rebates. These factors make it ideal for indoor plant growth. 

The COVID-19 pandemic impacted the turf & landscaping segment.

Higher efficiency offered by LEDs is the prime reason that drives growth of the LED grow lights industry during. Further, LED lights offer higher controllability, which accelerates growth of the LED grow lights market. Moreover, rise in adoption of vertical farming is opportunistic for the market growth. Considering these factors, the market is estimated to experience exponential growth in the future.

LED-Grow-Lights-Market-2021-2030

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Legalization of cannabis is expected to offer lucrative growth opportunities for the market during the forecast period. However, high initial investments act as major restrain for the LED grow lights market growth. Moreover, lack of standardization results in high risk of purchasing incompatible parts hampers the market growth.

The global LED grow lights market trends has been significantly impacted by the COVID-19 outbreak. Production facilities of electronics and semiconductors have been halted, owing to slowdown and unavailability of workforces across the globe. COVID-19 outbreak has caused a significant and protracted drop in manufacturing utilization and travel bans. In addition, facility closures kept workers out of their factories, which led to slowdown in growth of the industry in 2020.  

LED Grow Lights Market
By Wattage

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Medium Power segment will grow at a highest CAGR of 32.0% during 2021 - 2030

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Segment Overview

The LED grow lights market is segmented on the basis of wattage, spectrum, installation type, application, and region. On the basis of wattage, it is fragmented into low power (<100 W), medium power (100–300 W), and high power (>300 W). The low power segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. On the basis of spectrum, the market is segregated into narrow and broad. The narrow segment dominated the market, in terms of revenue in 2020, and is anticipated to witness significant market share during the forecast period. 

LED Grow Lights Market
By Spectrum

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Narrow segment will maintain the lead during the forecast period

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By installation type, the LED grow lights market is divided into new installation, and retrofit. Both new installation and retrofit segments are further bifurcated into remote and touch. The market share for the new installation segment was highest in 2020, and is expected to grow at a high CAGR from 2021 to 2030. By application, the market is divided into indoor farming, commercial greenhouse, vertical farming, turf and landscaping, research, and others. The market share for the commercial greenhouse segment was highest in 2020, and the others segment is expected to grow at a high CAGR from 2021 to 2030.

LED Grow Lights Market
By Installation Type

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New Installation segment will dominate the market throughout the forecast period

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Top Impacting Factors

Significant factors that impact growth of the LED grow lights market include rise in adoption of vertical farming, higher efficiency, and higher controllability. However, lack of standardization and high initial investments are the factors that hamper the market growth. On the contrary, legalization of cannabis is expected to offer lucrative opportunities for the market during the forecast period.

LED Grow Lights Market
By Application

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Vertical Farming segment will generate the highest revenue by the end of 2030

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Competitive Analysis

Competitive analysis and profiles of the major market players, such as Black Dog Grow Technologies Inc. (U.S.), Bridgelux Inc. (U.S.), CreeLED Inc. (U.S.), EVERLIGHT Electronics Co. Ltd. (Taiwan), Heliospectra AB (Sweden), Lumigrow Inc. (U.S.), OSRAM GmbH (Germany), Samsung Electronics Co. Ltd. (South Korea), Savant Systems Inc. (U.S.), and Signify Holding (Netherlands) are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

LED Grow Lights Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific region would exhibit the highest CAGR of 30.8% during 2021 - 2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the LED grow lights market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall LED grow lights market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current LED grow lights market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
  • The report includes the LED grow lights market share of key vendors and market trends.

LED Grow Lights Market Key Segments

By Wattage

  • Low Power (<100 W)
  • Medium Power (100–300 W)
  • High Power (>300 W) 

By Spectrum

  • Narrow
  • Broad

By Installation Type

  • New Installation
    • Remote
    • Touch
  • Retrofit
    • Remote
    • Touch 

By Application

  • Indoor Farming
  • Commercial Greenhouse
  • Vertical Farming
  • Turf and Landscaping
  • Research
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Market Players

  • Black Dog Grow Technologies Inc. (U.S.)
  • Bridgelux  Inc. (U.S.)
  • CreeLED Inc. (U.S.)
  • EVERLIGHT Electronics Co. Ltd. (Taiwan)
  • Heliospectra AB (Sweden)
  • Lumigrow Inc. (U.S.)
  • OSRAM GmbH (Germany)
  • Samsung Electronics Co. Ltd. (South Korea)
  • Savant Systems Inc. (U.S.)
  • Signify Holding (Netherlands)
 

Chapter 1:Introduction

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

Chapter 2:Executive Summary

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

Chapter 3:Market Overview

3.1.Market definition and scope
3.2.Key forces shaping LED grow lights market

3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.LED grow lights offer higher efficiency
3.3.1.2.LED grow lights offers high controllability
3.3.1.3.Rise in adoption of vertical farming

3.3.2.Restraint

3.3.2.1.Lack of standardization
3.3.2.2.High initial investment

3.3.3.Opportunities

3.3.3.1.Legalization of cannabis

3.4.COVID-19 impact analysis on the LED grow lights market

3.4.1.Impact on market size
3.4.2.End user trends, preferences, and budget impact
3.4.3.Key player strategy

3.4.3.1.Limited investments for R&D
3.4.3.2.Focus on next-generation products
3.4.3.3.Shift toward agile supply chain model

Chapter 4:LED Grow Lights Market, By Wattage

4.1.Overview
4.2.Low Power (<100 W)

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Medium Power (100-300 W)

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.High Power (>300 W)

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

Chapter 5:LED Grow Lights Market, By Spectrum

5.1.Overview
5.2.Narrow

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Broad

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

Chapter 6:LED Grow Lights Market, By Installation Type

6.1.Overview
6.2.New installation

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Remote

6.2.3.Touch
6.2.4.Market size and forecast, by region
6.2.5.Market analysis, by country

6.3.Retrofit

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country

Chapter 7:LED Grow Lights Market, By Application

7.1.Overview
7.2.Indoor farming

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country

7.3.Commercial greenhouse

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country

7.4.Vertical farming

7.4.1.Key market trends, growth factors, and opportunities.
7.4.2.Market size and forecast, by region
7.4.3.Market analysis, by country

7.5.Turf and landscaping

7.5.1.Key market trends, growth factors, and opportunities.
7.5.2.Market size and forecast, by region
7.5.3.Market analysis, by country

7.6.Research

7.6.1.Key market trends, growth factors, and opportunities.
7.6.2.Market size and forecast, by region
7.6.3.Market analysis, by country

7.7.Others

7.7.1.Key market trends, growth factors, and opportunities
7.7.2.Market size and forecast, by region
7.7.3.Market analysis, by country

Chapter 8:LED Grow Lights Market, By Region

8.1.Overview
8.2.North America

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by wattage
8.2.3.Market size and forecast, by spectrum
8.2.4.Market size and forecast, by installation type
8.2.5.Market size and forecast, by application
8.2.6.Market analysis, by country

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by wattage
8.2.6.1.2.Market size and forecast, by spectrum
8.2.6.1.3.Market size and forecast, by installation type
8.2.6.1.4.Market size and forecast, by application

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by wattage
8.2.6.2.2.Market size and forecast, by spectrum
8.2.6.2.3.Market size and forecast, by installation type
8.2.6.2.4.Market size and forecast, by application

8.2.6.3.Mexico

8.2.6.3.1.Market size and forecast, by wattage
8.2.6.3.2.Market size and forecast, by spectrum
8.2.6.3.3.Market size and forecast, by installation type
8.2.6.3.4.Market size and forecast, by application

8.3.Europe

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by wattage
8.3.3.Market size and forecast, by spectrum
8.3.4.Market size and forecast, by installation type
8.3.5.Market size and forecast, by application
8.3.6.Market analysis, by country

8.3.6.1.Germany

8.3.6.1.1.Market size and forecast, by wattage
8.3.6.1.2.Market size and forecast, by spectrum
8.3.6.1.3.Market size and forecast, by installation type
8.3.6.1.4.Market size and forecast, by application

8.3.6.2.UK

8.3.6.2.1.Market size and forecast, by wattage
8.3.6.2.2.Market size and forecast, by spectrum
8.3.6.2.3.Market size and forecast, by installation type
8.3.6.2.4.Market size and forecast, by application

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by wattage
8.3.6.3.2.Market size and forecast, by spectrum
8.3.6.3.3.Market size and forecast, by installation type
8.3.6.3.4.Market size and forecast, by application

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by wattage
8.3.6.4.2.Market size and forecast, by spectrum
8.3.6.4.3.Market size and forecast, by installation type
8.3.6.4.4.Market size and forecast, by application

8.3.6.5.Rest of Europe

8.3.6.5.1.Market size and forecast, by wattage
8.3.6.5.2.Market size and forecast, by spectrum
8.3.6.5.3.Market size and forecast, by installation type
8.3.6.5.4.Market size and forecast, by application

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by wattage
8.4.3.Market size and forecast, by spectrum
8.4.4.Market size and forecast, by installation type
8.4.5.Market size and forecast, by application
8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by wattage
8.4.6.1.2.Market size and forecast, by spectrum
8.4.6.1.3.Market size and forecast, by installation type
8.4.6.1.4.Market size and forecast, by application

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by wattage
8.4.6.2.2.Market size and forecast, by spectrum
8.4.6.2.3.Market size and forecast, by installation type
8.4.6.2.4.Market size and forecast, by application

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by wattage
8.4.6.3.2.Market size and forecast, by spectrum
8.4.6.3.3.Market size and forecast, by installation type
8.4.6.3.4.Market size and forecast, by application

8.4.6.4.South Korea

8.4.6.4.1.Market size and forecast, by wattage
8.4.6.4.2.Market size and forecast, by spectrum
8.4.6.4.3.Market size and forecast, by installation type
8.4.6.4.4.Market size and forecast, by application

8.4.6.5.Rest of Asia-Pacific

8.4.6.5.1.Market size and forecast, by wattage
8.4.6.5.2.Market size and forecast, by spectrum
8.4.6.5.3.Market size and forecast, by installation type
8.4.6.5.4.Market size and forecast, by application

8.5.LAMEA

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by wattage
8.5.3.Market size and forecast, by spectrum
8.5.4.Market size and forecast, by installation type
8.5.5.Market size and forecast, by application
8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by wattage
8.5.6.1.2.Market size and forecast, by spectrum
8.5.6.1.3.Market size and forecast, by installation type
8.5.6.1.4.Market size and forecast, by application

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by wattage
8.5.6.2.2.Market size and forecast, by spectrum
8.5.6.2.3.Market size and forecast, by installation type
8.5.6.2.4.Market size and forecast, by application

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by wattage
8.5.6.3.2.Market size and forecast, by spectrum
8.5.6.3.3.Market size and forecast, by installation type
8.5.6.3.4.Market size and forecast, by application

Chapter 9:Competitive Landscape

9.1.Introduction

9.1.1.Key player positioning, 2020

9.2.Competitive dashboard
9.3.Competitive heatmap
9.4.Top winning strategies

9.4.1.Top winning strategies, by year
9.4.2.Top winning strategies, by development
9.4.3.Top winning strategies, by company

Chapter 10:Company Profiles

10.1.Black Dog Grow Technologies Inc.

10.1.1.Company overview
10.1.2.Key executives
10.1.3.Company snapshot
10.1.4.Product portfolio

10.2.Bridgelux, Inc. (China Electronics Corporation & ChongQing Linkong Development Investment Company)

10.2.1.Company overview
10.2.2.Key executives
10.2.3.Company snapshot
10.2.4.Product portfolio

10.3.CreeLED, Inc. (SMART Global Holdings, Inc.)

10.3.1.Company overview
10.3.2.Key executives
10.3.3.Company snapshot
10.3.4.Operating business segments
10.3.5.Product portfolio
10.3.6.R&D expenditure
10.3.7.Business performance
10.3.8.Key strategic moves and developments

10.4.EVERLIGHT Electronics Co., Ltd.

10.4.1.Company overview
10.4.2.Key executives
10.4.3.Company snapshot
10.4.4.Product portfolio
10.4.5.R&D expenditure
10.4.6.Business performance
10.4.7.Key strategic moves and developments

10.5.Heliospectra AB

10.5.1.Company overview
10.5.2.Key executives
10.5.3.Company snapshot
10.5.4.Operating business segments
10.5.5.Product portfolio
10.5.6.Business performance
10.5.7.Key strategic moves and developments

10.6.Lumigrow, Inc.

10.6.1.Company overview
10.6.2.Key executives
10.6.3.Company snapshot
10.6.4.Product portfolio
10.6.5.Key strategic moves and developments

10.7.OSRAM GmbH

10.7.1.Company overview
10.7.2.Key executives
10.7.3.Company snapshot
10.7.4.Operating business segments
10.7.5.Product portfolio
10.7.6.R&D expenditure
10.7.7.Business performance
10.7.8.Key strategic moves and developments

10.8.Samsung Electronics Co. Ltd.

10.8.1.Company overview
10.8.2.Key executives
10.8.3.Company snapshot.
10.8.4.Operating business segments
10.8.5.Product portfolio
10.8.6.R&D expenditure
10.8.7.Business performance
10.8.8.Key strategic moves and developments

10.9.Savant Systems, Inc.

10.9.1.Company overview
10.9.2.Key executives
10.9.3.Company snapshot
10.9.4.Product portfolio
10.9.5.Key strategic moves and developments

10.10.Signify Holding

10.10.1.Company overview
10.10.2.Key executives
10.10.3.Company snapshot
10.10.4.Operating business segments
10.10.5.Product portfolio
10.10.6.R&D expenditure
10.10.7.Business performance
10.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.LED GROW LIGHTS MARKET, BY WATTAGE, 2020–2030 ($MILLION)
TABLE 02.LED GROW LIGHTS MARKET FOR LOW POWER, BY REGION 2020–2030 ($MILLION)
TABLE 03.LED GROW LIGHTS MARKET FOR MEDIUM POWER, BY REGION 2020–2030($MILLION)
TABLE 04.LED GROW LIGHTS MARKET FOR HIGH POWER, BY REGION 2020–2030($MILLION)
TABLE 05.LED GROW LIGHTS MARKET, BY SPECTRUM, 2020–2030 ($MILLION)
TABLE 06.NARROW LED GROW LIGHTS MARKET, BY REGION 2020–2030 ($MILLION)
TABLE 07.BROAD LED GROW LIGHTS MARKET, BY REGION 2020–2030($MILLION)
TABLE 08.LED GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2020–2030 ($MILLION)
TABLE 09.LED GROW LIGHTS MARKET FOR NEW INSTALLATION, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 10.LED GROW LIGHTS MARKET FOR RETROFIT, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 11.LED GROW LIGHTS MARKET FOR NEW INSTALLATION, BY REGION 2020–2030($MILLION)
TABLE 12.LED GROW LIGHTS MARKET FOR RETROFIT, BY REGION 2020–2030($MILLION)
TABLE 13.LED GROW LIGHTS MARKET, BY APPLICATION, 2020–2030 ($MILLION)
TABLE 14.LED GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION 2020–2030($MILLION)
TABLE 15.LED GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSE, BY REGION 2020–2030($MILLION)
TABLE 16.LED GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION 2020–2030($MILLION)
TABLE 17.LED GROW LIGHTS MARKET FOR TURF AND LANDSCAPING, BY REGION 2020–2030($MILLION)
TABLE 18.LED GROW LIGHTS MARKET FOR RESEARCH, BY REGION 2020–2030($MILLION)
TABLE 19.LED GROW LIGHTS MARKET FOR OTHERS, BY REGION 2020–2030($MILLION)
TABLE 20.NORTH AMERICA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 21.NORTH AMERICA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 22.NORTH AMERICA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 23.NORTH AMERICA LED GROW LIGHTS MARKET FOR NEW INSTALLATION, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 24.NORTH AMERICA LED GROW LIGHTS MARKET FOR RETROFIT, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 25.NORTH AMERICA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 26.U.S. LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 27.U.S. LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 28.U.S. LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 29.U.S. LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 30.CANADA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 31.CANADA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 32.CANADA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 33.CANADA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 34.MEXICO LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 35.MEXICO LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 36.MEXICO LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 37.MEXICO LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 38.EUROPE LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 39.EUROPE LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 40.EUROPE LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 41.EUROPE LED GROW LIGHTS MARKET FOR NEW INSTALLATION, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 42.EUROPE LED GROW LIGHTS MARKET FOR RETROFIT, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 43.EUROPE LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 44.GERMANY LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 45.GERMANY LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 46.GERMANY LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 47.GERMANY LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 48.UK LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 49.UK LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 50.UK LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 51.UK LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 52.FRANCE LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 53.FRANCE LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 54.FRANCE LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 55.FRANCE LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 56.ITALY LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 57.ITALY LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 58.ITALY LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 59.ITALY LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 60.REST OF EUROPE LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 61.REST OF EUROPE LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 62.REST OF EUROPE LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 63.REST OF EUROPE LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 64.ASIA-PACIFIC LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 65.ASIA-PACIFIC LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 66.ASIA-PACIFIC LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 67.ASIA-PACIFIC LED GROW LIGHTS MARKET FOR NEW INSTALLATION, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 68.ASIA-PACIFIC LED GROW LIGHTS MARKET FOR RETROFIT, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 69.ASIA-PACIFIC LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 70.CHINA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 71.CHINA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 72.CHINA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 73.CHINA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 74.JAPAN LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 75.JAPAN LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 76.JAPAN LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 77.JAPAN LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 78.INDIA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 79.INDIA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 80.INDIA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 81.INDIA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 82.SOUTH KOREA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 83.SOUTH KOREA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 84.SOUTH KOREA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 85.SOUTH KOREA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 86.REST OF ASIA-PACIFIC LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 87.REST OF ASIA-PACIFIC LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 88.REST OF ASIA-PACIFIC LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 89.REST OF ASIA-PACIFIC LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 90.LAMEA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 91.LAMEA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 92.LAMEA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 93.LAMEA LED GROW LIGHTS MARKET FOR NEW INSTALLATION, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 94.LAMEA LED GROW LIGHTS MARKET FOR RETROFIT, BY FIXTURE CONTROL 2020–2030 ($MILLION)
TABLE 95.LAMEA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 96.LATIN AMERICA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 97.LATIN AMERICA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 98.LATIN AMERICA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 99.LATIN AMERICA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 100.MIDDLE EAST LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 101.MIDDLE EAST LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 102.MIDDLE EAST LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 103.MIDDLE EAST LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 104.AFRICA LED GROW LIGHTS MARKET, BY WATTAGE 2020–2030($MILLION)
TABLE 105.AFRICA LED GROW LIGHTS MARKET, BY SPECTRUM 2020–2030($MILLION)
TABLE 106.AFRICA LED GROW LIGHTS MARKET, BY INSTALLATION TYPE 2020–2030($MILLION)
TABLE 107.AFRICA LED GROW LIGHTS MARKET, BY APPLICATION 2020–2030($MILLION)
TABLE 108.BLACK DOG GROW TECHNOLOGIES INC.:KEY EXECUTIVES
TABLE 109.BLACK DOG GROW TECHNOLOGIES INC.: COMPANY SNAPSHOT
TABLE 110.BLACK DOG GROW TECHNOLOGIES INC.: PRODUCT PORTFOLIO
TABLE 111.BRIDGELUX, INC.:KEY EXECUTIVES
TABLE 112.BRIDGELUX, INC.: COMPANY SNAPSHOT
TABLE 113.BRIDGELUX, INC.: PRODUCT PORTFOLIO
TABLE 114.SMART GLOBAL HOLDINGS, INC.:KEY EXECUTIVES
TABLE 115.SMART GLOBAL HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 116.SMART GLOBAL HOLDINGS, INC.: OPERATING SEGMENTS
TABLE 117.SMART GLOBAL HOLDINGS, INC.: PRODUCT PORTFOLIO
TABLE 118.SMART GLOBAL HOLDINGS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 119.EVERLIGHT ELECTRONICS CO., LTD.:KEY EXECUTIVES
TABLE 120.EVERLIGHT ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
TABLE 121.EVERLIGHT ELECTRONICS CO., LTD.: PRODUCT PORTFOLIO
TABLE 122.EVERLIGHT ELECTRONICS CO., LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 123.HELIOSPECTRA AB:KEY EXECUTIVES
TABLE 124.HELIOSPECTRA AB: COMPANY SNAPSHOT
TABLE 125.HELIOSPECTRA AB: OPERATING SEGMENTS
TABLE 126.HELIOSPECTRA AB: PRODUCT PORTFOLIO
TABLE 127.HELIOSPECTRA AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 128.LUMIGROW, INC.:KEY EXECUTIVES
TABLE 129.LUMIGROW, INC.: COMPANY SNAPSHOT
TABLE 130.LUMIGROW, INC.: PRODUCT PORTFOLIO
TABLE 131.LUMIGROW, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 132.OSRAM GMBH:KEY EXECUTIVES
TABLE 133.OSRAM GMBH: COMPANY SNAPSHOT
TABLE 134.OSRAM GMBH: OPERATING SEGMENTS
TABLE 135.OSRAM GMBH: PRODUCT PORTFOLIO
TABLE 136.OSRAM GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 137.SAMSUNG:KEY EXECUTIVES
TABLE 138.SAMSUNG: COMPANY SNAPSHOT
TABLE 139.SAMSUNG: OPERATING SEGMENTS
TABLE 140.SAMSUNG: PRODUCT PORTFOLIO
TABLE 141.SAMSUNG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 142.SAVANT SYSTEMS, INC.:KEY EXECUTIVES
TABLE 143.SAVANT SYSTEMS, INC.: COMPANY SNAPSHOT
TABLE 144.SAVANT SYSTEMS, INC.: PRODUCT PORTFOLIO
TABLE 145.SAVANT SYSTEMS, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 146.SIGNIFY HOLDING:KEY EXECUTIVES
TABLE 147.SIGNIFY HOLDING: COMPANY SNAPSHOT
TABLE 148.SIGNIFY HOLDING: OPERATING SEGMENTS
TABLE 149.SIGNIFY HOLDING: PRODUCT PORTFOLIO
TABLE 150.SIGNIFY HOLDING: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE TO HIGH THREAT OF NEW ENTRANTS
FIGURE 08.LOW TO MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE INTENSITY OF RIVALRY
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.LED GROW LIGHTS MARKET, BY WATTAGE, 2020–2030
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR LOW POWER, BY COUNTRY,  2020 & 2030 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR MEDIUM POWER, BY COUNTRY,  2020 & 2030 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR HIGH POWER, BY COUNTRY,  2020 & 2030 (%)
FIGURE 15.LED GROW LIGHTS MARKET, BY SPECTRUM, 2020–2030
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF NARROW LED GROW LIGHTS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF BROAD LED GROW LIGHTS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 18.LED GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2020–2030
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF NEW INSTALLATION LED GROW LIGHTS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF RETROFIT LED GROW LIGHTS MARKET, BY COUNTRY,  2020 & 2030 (%)
FIGURE 21.LED GROW LIGHTS MARKET, BY APPLICATION, 2020–2030
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR INDOOR FARMING, BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR COMMERCIAL GREENHOUSE, BY COUNTRY, 2020 & 2030 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR VERTICAL FARMING, BY COUNTRY, 2020 & 2030 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR TURF AND LANDSCAPING, BY COUNTRY, 2020 & 2030 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR RESEARCH, BY COUNTRY, 2020 & 2030 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF LED GROW LIGHTS MARKET FOR OTHERS, BY COUNTRY,  2020 & 2030 (%)
FIGURE 28.LED GROW LIGHTS MARKET, BY REGION, 2020–2030
FIGURE 29.NORTH AMERICA LED GROW LIGHTS MARKET, BY COUNTRY, 2020–2030
FIGURE 30.U.S. LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 31.CANADA LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 32.MEXICO LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 33.EUROPE LED GROW LIGHTS MARKET, BY COUNTRY, 2020–2030
FIGURE 34.GERMANY LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 35.UK LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 36.FRANCE LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 37.ITALY LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 38.REST OF EUROPE LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 39.ASIA-PACIFIC LED GROW LIGHTS MARKET, BY COUNTRY, 2020–2030
FIGURE 40.CHINA LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 41.JAPAN LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 42.INDIA LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 43.SOUTH KOREA LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 44.REST OF ASIA-PACIFIC LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 45.LAMEA LED GROW LIGHTS MARKET, BY COUNTRY, 2020–2030
FIGURE 46.LATIN AMERICA LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 47.MIDDLE EAST LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 48.AFRICA LED GROW LIGHTS MARKET, 2020–2030($MILLION)
FIGURE 49.KEY PLAYER POSITIONING, 2020
FIGURE 50.COMPETITIVE DASHBOARD
FIGURE 51.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 52.TOP WINNING STRATEGIES, BY YEAR, 2018–2020
FIGURE 53.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018–2020 (%)
FIGURE 54.TOP WINNING STRATEGIES, BY COMPANY, 2018–2020
FIGURE 55.SMART GLOBAL HOLDINGS, INC.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 56.SMART GLOBAL HOLDINGS, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 57.SMART GLOBAL HOLDINGS, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 58.SMART GLOBAL HOLDINGS, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 59.EVERLIGHT ELECTRONICS CO., LTD.: R&D EXPENDITURE, 2017–2019 ($MILLION)
FIGURE 60.EVERLIGHT ELECTRONICS CO., LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 61.EVERLIGHT ELECTRONICS CO., LTD.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 62.HELIOSPECTRA AB: REVENUE, 2018–2020 ($MILLION)
FIGURE 63.OSRAM GMBH: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 64.OSRAM GMBH: REVENUE, 2018–2020 ($MILLION)
FIGURE 65.OSRAM GMBH: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 66.OSRAM GMBH: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 67.SAMSUNG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 68.SAMSUNG: NET SALES, 2018–2020 ($MILLION)
FIGURE 69.SAMSUNG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 70.SAMSUNG: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 71.SIGNIFY HOLDING: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 72.SIGNIFY HOLDING: REVENUE, 2018–2020 ($MILLION)
FIGURE 73.SIGNIFY HOLDING: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 74.SIGNIFY HOLDING: REVENUE SHARE, BY REGION, 2020 (%)

 
 

For less than a decade, LEDs in the horticulture industry were used mainly as research tools and novelty. Some of the biggest technical challenges in utilizing LEDs efficiently for agriculture include LED shadowing, glaring, and color separation. However, this is quickly changing. Prices of LEDs have considerably reduced and efficiencies have substantially increased to critical point where a lot of applications are included.

Manufacturers of LED grow lights are working meticulously to offer customer-oriented solutions across the globe. Every project is unique in the horticulture lighting industry; and efficiency is a critical factor. Other factors include region, crop, and customer requirements. There is no exact size of LED grow lights that fits for all stages of plants in horticulture, but having the right combination of spectrum, efficiency, and reliability are critical parameters for success as a supplier to these manufacturers.

With every lighting-related market, where LEDs are becoming a superior substitute to incumbent technology (e.g., high pressure sodium and metal halide lamps), increasing performance and improving cost are key drivers for LED adoption. Moreover, manufacturers continue to focus on developing most efficient LEDs in visible spectrum and currently offer best products in the visible spectrum.

The key players profiled in the report include Black Dog Grow Technologies Inc. (U.S.), Bridgelux, Inc. (U.S.), CreeLED, Inc. (U.S.), EVERLIGHT Electronics Co., Ltd. (Taiwan), Heliospectra AB (Sweden), Lumigrow, Inc. (U.S.), OSRAM GmbH (Germany), Samsung Electronics Co. Ltd. (South Korea), Savant Systems, Inc. (U.S.), and Signify Holding (the Netherlands).

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A. The LED Grow Lights Market is estimated to grow at a CAGR of 28.2% from 2021 to 2030.

A. The LED Grow Lights Market is projected to reach $12.32 billion by 2030.

A. To get the latest version of sample report

A. High controllability, higher efficiency, and rise in adoption of vertical farming etc. boost the LED Grow Lights market growth.

A. The key players profiled in the report include Black Dog Grow Technologies Inc. (U.S.), Bridgelux Inc. (U.S.), CreeLED Inc. (U.S.), and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The LED Grow Lights Market is segmented on the basis of wattage, spectrum, installation type, application, and region.

A. The key growth strategies of LED Grow Lights market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Asia-Pacific region would grow at a highest CAGR of 30.8% during the forecast period.

A. Vertical Farming segment will dominate the market by the end of 2030.

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