DBMR - Semiconductors and Electronics

Global Grow Light Market – Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Aug 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Grow Light Market By Spectrums (Partial Spectrum, Full Spectrum), Installation (New Installation, Retrofit), Technology (High-Intensity Discharge, Fluorescent Lighting, LED, Other Lighting), Application (Indoor Farming, Vertical Farming, Commercial Greenhouse. TURF and Landscaping, Research, Other Application) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Grow Light Market

Global grow light market is to register a healthy CAGR of 15.04% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. The rise in the market value can be attributed to growth of indoor agriculture, government initiatives, power Efficient and long-lasting.

Market Definition: Global Grow Light Market

A growing light or lamp is an electrical light that acts as an artificial supply of sunshine to boost plant growth. Growing lights accomplish this by emitting an electromagnetic wave within the actinic radiation spectrum that simulates daylight for chemical action. Growing lightweights or lamps square measure useful for an exciting development in indoor gardens wherever daylight is insufficient or no natural light. It is best to focus the light emitted by LEDs so that none is dispersed or lost between the bulb and the plant canopy. LEDs have long service life, with continuous use of bulbs lasting between 50,000 and 100,000 hours

Market Drivers:

  • Growth throughout the exercise of indoor agriculture is driving the market growth
  • Government initiatives and regulations for the adoption  of LED which are energy efficient, is flourishing the market
  • Need for power-efficient and long-lasting need for light growing technology is enhancing the market
  • More production and development in lesser time is propelling the market growth

Market Restraints:

  • High costs of energy efficient and improved quality grow lights is hindering the market from growing
  • Different light spectrum requirements for different crops acts as a restraint for the market growth

Segmentation: Global Grow Light Market

By Spectrums

  • Partial Spectrum 
  • Full Spectrum

By Installation

  • New Installations 
  • Retrofit

By Technology

  • High-Intensity Discharge 

    • High-Pressure Sodium Lamp
    •  Metal–Halide Lamp

  • Fluorescent Lighting 

    • T5
    • CFL

      • Colour Type

        • White
        • Neutral White

  •  LED 

    • LED Based on Crop Type

      • Vegetative
      •  Food and Flower

  • Other Technologies 

    • Induction Lighting
    • Plasma Lighting

By Application

  • Indoor Farming 
  • Vertical Farming 
  • Commercial Greenhouse 
  • TURF and Landscaping 
  • Research 
  • Other Applications

By Geography

  • North America

    • U.S.
    • Canada
    • Mexico

  • South America

    • Brazil
    • Argentina
    • Rest of South America

  • Europe

    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Turkey
    • Belgium
    • Netherlands
    • Switzerland
    • Rest of Europe

  • Asia-Pacific

    • Japan
    • China
    • South Korea
    • India
    • Australia
    • Singapore
    • Malaysia
    • Indonesia
    • Thailand
    • Philippines
    • Rest of Asia-Pacific

  • Middle East and Africa

    • South Africa
    • Egypt
    • Saudi Arabia
    • United Arab Emirates
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market

  • In July 2019, Pharmagreen Biotech declared to use Signify’s Phillips GreenPower LED Lighting for its underdevelopment cannabis biotech complex. This complex is used for storage and research accommodation for disease, genetically identical and pest-free plantlets. The crucial supply corporation with Signify’s Philips LED Lighting Technology contribute high tech values and unravel the future cooperation in advancing explanation for the tissue culture industry
  • In June 2019 Violet Gro confirmed that Hyperponic has selected its led grow lights because its fully integrated, patent-pending CropTower is the main light source. The Hyperponic Crop Tower can be a technologically sophisticated growing system that offers farmers with a full computer-controlled environment and nutrition management system to promote accumulated consistency and quality, faster manufacturing, decreased area requirement, and low-cost returns. With this partnership Hyperponic is backing their objective minimum cost, steep developing with expansion capability and maximum values for its customers

Competitive Analysis

Global grow light market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of grow light market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the global grow light market are IWASAKI ELECTRIC CO., LTD, Illumitex Inc., Hortilux Schréder B.V., Hawthorne Gardening Company , AeroFarms,  Gavita International B.V. , Advanced Lighting Technologies, LLC , Hydrofarm LLC.,  Signify Holding., GENERAL ELECTRIC COMPANY , OSRAM GmbH,  LumiGrow., Heliospectra AB ,   InduLux Technologies.,  Platinum LED Lights LLC, Valoya , Thrive Agritech, EarthLED.com, US LED, Ltd and others.

Research Methodology: Global Grow Light Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved


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