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Asia Pacific Grow Lights Market Size, Share & Industry Trends Analysis Report By Spectrum, By Technology, By Application, By Installation Type (New Installation and Retrofit), By Offering, By Country and Growth Forecast, 2022 - 2028

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    Report

  • 92 Pages
  • July 2022
  • Region: Asia Pacific
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5645412
The Asia Pacific Grow Lights Market is expected to witness market growth of 27.1% CAGR during the forecast period (2022-2028).

For plants to thrive and reproduce, the environment must be optimal. Even if they only encounter these damaging conditions for a short while, extreme temperatures will stress the crops, causing poor growth, wilting, and death. Due to their significantly lower heat output when compared to other lighting options, grow lights have a distinct advantage. In addition to streamlining ventilation procedures and expenses, LEDs operate cooler than HID lamps, reducing their negative environmental impact.

Grow light dimensions and height enable users to maximize the amount of light that reaches a plant's canopy. The fittings can be installed closer to the plants based on the photosynthetic photon flux (PPF) of the grow light so that the plant owner can adhere to the manufacturer's recommendations for the ideal distance between the grow lights and plants.

It is necessary to keep in mind that how close the plants should be to the amount will depend on their shape and the amount of light it emits. Smaller box-shaped grow lights function better when positioned on top of a plant canopy because they scatter light until it reaches the plants. Users may install grow lights with shorter beam angles if the light needs to be further away from the plants.

The growing use of grow lights in the agricultural industry in India is the main factor driving the market. To fulfill the nation's growing need for food, they also help to preserve the best yield and plant quality. In addition, the government of India's growing investments in research and development (R&D) projects to support advancements in agricultural science are driving up demand for grow lights. The expansion and improvement of agriculture in India have been greatly aided by the Indian government. By introducing numerous policies, the government is making every effort to promote the expansion of agriculture through the Ministry of Agriculture.

The China market dominated the Asia Pacific Grow Lights Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $970.7 million by 2028.The Japan market is estimated to grow a CAGR of 26.3% during (2022 - 2028). Additionally, The India market is expected to experience a CAGR of 27.9% during (2022 - 2028).

Based on Spectrum, the market is segmented into Narrow and broad. Based on Technology, the market is segmented into Light Emitting Diode (LED), High Intensity Discharge (HID), Fluorescent and Others. Based on Application, the market is segmented into Commercial Greenhouse, Turf & Landscaping, Indoor Farming, Vertical Farming and Research & Others. Based on Installation Type, the market is segmented into New Installation and Retrofit. Based on Offering, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., Heliospectra AB, Gavita International B.V., California LightWorks (MWW Inc.), Valoya Oy, Hortilux Schréder (Dool Industries), Biological Innovation and Optimization Systems, LLC, GE Current, a Daintree company, Kroptek Ltd., and SANlight GmbH.

Scope of the Study

Market Segments Covered in the Report:

By Spectrum

  • Narrow
  • Broad

By Technology

  • Light Emitting Diode (LED)
  • High Intensity Discharge (HID)
  • Fluorescent
  • Others

By Application

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

By Installation Type

  • New Installation
  • Retrofit

By Offering

  • Hardware
  • Software
  • Services

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Signify N.V.
  • Heliospectra AB
  • Gavita International B.V.
  • California LightWorks (MWW Inc.)
  • Valoya Oy
  • Hortilux Schréder (Dool Industries)
  • Biological Innovation and Optimization Systems, LLC
  • GE Current, a Daintree company
  • Kroptek Ltd.
  • SANlight GmbH

Unique Offerings from the Publisher

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Grow Lights Market, by Spectrum
1.4.2 Asia Pacific Grow Lights Market, by Technology
1.4.3 Asia Pacific Grow Lights Market, by Application
1.4.4 Asia Pacific Grow Lights Market, by Installation Type
1.4.5 Asia Pacific Grow Lights Market, by Offering
1.4.6 Asia Pacific Grow Lights Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Grow Lights Market by Spectrum
3.1 Asia Pacific Narrow Market by Country
3.2 Asia Pacific Broad Market by Country
Chapter 4. Asia Pacific Grow Lights Market by Technology
4.1 Asia Pacific Light Emitting Diode (LED) Market by Country
4.2 Asia Pacific High Intensity Discharge (HID) Market by Country
4.3 Asia Pacific Fluorescent Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Grow Lights Market by Application
5.1 Asia Pacific Commercial Greenhouse Market by Country
5.2 Asia Pacific Turf & Landscaping Market by Country
5.3 Asia Pacific Indoor Farming Market by Country
5.4 Asia Pacific Vertical Farming Market by Country
5.5 Asia Pacific Research & Others Market by Country
Chapter 6. Asia Pacific Grow Lights Market by Installation Type
6.1 Asia Pacific New Installation Market by Country
6.2 Asia Pacific Retrofit Market by Country
Chapter 7. Asia Pacific Grow Lights Market by Offering
7.1 Asia Pacific Hardware Market by Country
7.2 Asia Pacific Software Market by Country
7.3 Asia Pacific Services Market by Country
Chapter 8. Asia Pacific Grow Lights Market by Country
8.1 China Grow Lights Market
8.1.1 China Grow Lights Market by Spectrum
8.1.2 China Grow Lights Market by Technology
8.1.3 China Grow Lights Market by Application
8.1.4 China Grow Lights Market by Installation Type
8.1.5 China Grow Lights Market by Offering
8.2 Japan Grow Lights Market
8.2.1 Japan Grow Lights Market by Spectrum
8.2.2 Japan Grow Lights Market by Technology
8.2.3 Japan Grow Lights Market by Application
8.2.4 Japan Grow Lights Market by Installation Type
8.2.5 Japan Grow Lights Market by Offering
8.3 India Grow Lights Market
8.3.1 India Grow Lights Market by Spectrum
8.3.2 India Grow Lights Market by Technology
8.3.3 India Grow Lights Market by Application
8.3.4 India Grow Lights Market by Installation Type
8.3.5 India Grow Lights Market by Offering
8.4 South Korea Grow Lights Market
8.4.1 South Korea Grow Lights Market by Spectrum
8.4.2 South Korea Grow Lights Market by Technology
8.4.3 South Korea Grow Lights Market by Application
8.4.4 South Korea Grow Lights Market by Installation Type
8.4.5 South Korea Grow Lights Market by Offering
8.5 Singapore Grow Lights Market
8.5.1 Singapore Grow Lights Market by Spectrum
8.5.2 Singapore Grow Lights Market by Technology
8.5.3 Singapore Grow Lights Market by Application
8.5.4 Singapore Grow Lights Market by Installation Type
8.5.5 Singapore Grow Lights Market by Offering
8.6 Malaysia Grow Lights Market
8.6.1 Malaysia Grow Lights Market by Spectrum
8.6.2 Malaysia Grow Lights Market by Technology
8.6.3 Malaysia Grow Lights Market by Application
8.6.4 Malaysia Grow Lights Market by Installation Type
8.6.5 Malaysia Grow Lights Market by Offering
8.7 Rest of Asia Pacific Grow Lights Market
8.7.1 Rest of Asia Pacific Grow Lights Market by Spectrum
8.7.2 Rest of Asia Pacific Grow Lights Market by Technology
8.7.3 Rest of Asia Pacific Grow Lights Market by Application
8.7.4 Rest of Asia Pacific Grow Lights Market by Installation Type
8.7.5 Rest of Asia Pacific Grow Lights Market by Offering
Chapter 9. Company Profiles
9.1 Signify N.V.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisition and Mergers:
9.2 Heliospectra AB
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Recent strategies and developments:
9.2.3.1 Product Launches and Product Expansions:
9.3 Gavita International B.V.
9.3.1 Company Overview
9.4 California LightWorks (MWW Inc.)
9.4.1 Company Overview
9.5 Valoya Oy
9.5.1 Company Overview
9.5.2 Recent strategies and developments:
9.5.2.1 Product Launches and Product Expansions:
9.6 Hortilux Schréder (Dool Industries)
9.6.1 Company Overview
9.7 Biological Innovation and Optimization Systems, LLC
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Partnerships, Collaborations, and Agreements:
9.7.2.2 Product Launches and Product Expansions:
9.8 GE Current, a Daintree company
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.9 Kroptek Ltd.
9.9.1 Company Overview
9.10. SANlight GmbH
9.10.1 Company Overview

Companies Mentioned

  • Signify N.V.
  • Heliospectra AB
  • Gavita International B.V.
  • California LightWorks (MWW Inc.)
  • Valoya Oy
  • Hortilux Schréder (Dool Industries)
  • Biological Innovation and Optimization Systems, LLC
  • GE Current, a Daintree company
  • Kroptek Ltd.
  • SANlight GmbH

Methodology

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