Global Grow Light Market Size is estimated to expand rapidly in coming years, at a CAGR of 11.6 % from 2018 to 2025. In 2017, the global market valuation was USD 5.25 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. Grow lights can be productively used to develop harvests and vegetables indoors in any season. In any case, these harvests would require counterfeit lighting for photosynthesis, which may not be great in a specific area because of outrageous climatic conditions. A Grow light is an electronic light intended to quicken plant growth by discharging electromagnetic range perfect for photosynthesis. The mechanical advancements have prompted the improvement of an assortment of develop lights as per the prerequisites of the plants. Because of its advantages, such as high reliability, low energy consumption and spectral intensity, grow lights, particularly LEDs, are used in a variety of agricultural applications. The growth of the general growing light market is driven by the growing commercial greenhouse and vertical agriculture practices, which require the utilization of different grow lights. Geographically, Europe is expected to be the highest growing region in the global market of grow lights.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global grow light market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global grow light market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Technology Insights: On the basis of technology, global grow light market has been segmented into HID, fluorescent, LED, induction, and plasma. Commercial growers, as well as hobbyists, are common with traditional illumination techniques such as high-intensity release (HID) and fluorescent lamp (FL). LED grows light is a fresh technology and is much more efficient than other heating techniques in vegetable illumination. LED growing luminaries, although expensive, are ideal for indoor cultivation because of their long-term advantages in terms of energy efficiency.

By Installation Insights: On the basis of installation, global grow light market has been segmented into new and retrofit. In the coming years, the demand for upgraded equipment is expected to be greater. Refitting is defined in the context of the increasing lighting market as the removal of existing growing light and the installation of one new, either the same illumination technology or a different lighting technology. The extension of current plants or the creation of a fresh plant, such as a fresh greenhouse or a vertical farm is usually defined by fresh installations.

Regional Analysis

The grow light market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. Europe is anticipated to have a dominant proportion of the worldwide industry for growing brightness, among all national sections. The supremacy of this region is due to the popularity of flower and horticulture in Europe. In particular, in latest moments, the Netherlands has drawn commendable supply for growing brightness, which has strengthened the European industry further. The European agricultural industry is increasingly reliant on the growth of plants, flowers and vegetables. Furthermore, in the European region, there are numerous prominent market players, which also contributed to a growing interest in the worldwide industry.

The second biggest industry in growing lamps in 2018 was North America. In this area, request for growing lamps is driven by the advent of vertical farms and the booming cannabis industry. In Asia-Pacific, the growth light industry is one of the fastest-growing areas. Rapid development, like vertical agriculture, green homes and development rooms, boosts the requirement for the region's development glow. The major demand source for growth lights in countries such as Japan, Taiwan, and China and it is expected to remain so during the forecast period.

Global Grow Light Market Size, Share Analysis by Region 2017

Global Grow Light Market Study Objective

1. To forecast the market size of grow light market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of grow light market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of grow light markets, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of grows light market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the grow light market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

OSRAM Licht AG, Royal Philips Electronics BV, Illumitex Inc., Heliospectra AB, General Electric Company are some of the key players in the market of grow light.

Global Grow Light Market Study Report Offer You!

The global grow light market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.