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 11.32 billion during 2023-2028, accelerating at a CAGR of 39.04% 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 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 (lesser than 100 W)
- Medium power (100-300 W)
- High power (greater than 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 report 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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
List of Exhibits
Executive Summary
The following companies are recognized 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., OSRAM Licht AG, Samsung Electronics Co. Ltd., SANlight GmbH, Senmatic AS, Shenzhen Grow LED Technology Co. Ltd., Signify NV, SMART Global Holdings Inc., and Valoya Oy.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is innovation and investments in greenhouse horticulture startups."
According to the report, one of the major drivers for this market is the growth in indoor farming.
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.
- OSRAM Licht AG
- Samsung Electronics Co. Ltd.
- SANlight GmbH
- Senmatic AS
- Shenzhen Grow LED Technology Co. Ltd.
- Signify NV
- SMART Global Holdings Inc.
- Valoya Oy
