The global LED Grow light market was valued at US$ 1059.9 million in 2020 and it is expected to reach US$ 3294.4 million by the end of 2027, growing at a CAGR of 18.0% during 2021-2027.
LED plant growth lamp is an artificial light source that uses LED (Light Emitting Diode) as the illuminant to meet the lighting conditions required for plant photosynthesis. In the absence of daylight, this light fixture can act as daylight, allowing plants to grow normally or better.
Global key players of LED Grow light include Signify, General Electric, Osram, Cree, Hubbell Lighting, Gavita and Illumitex, etc. Top three players occupy for a share about 33%. China is the largest market, with a share about 29%, followed by Europe and North America.
Global LED Grow light Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global LED Grow light Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Signify, General Electric, Osram, Everlight Electronics, Gavita, Hubbell Lighting, Kessil, Cree, Illumitex, Lumigrow, Senmatic A/S, Valoya, Heliospectra AB, Cidly, Ohmax Optoelectronic, AIS LED Light, Vipple, Growray, California Lightworks, Vanq Technology, Yaham Lighting, Parus and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-led-grow-light-market-research-report
Segment by Type
- Partial Spectrum Light
- Full Spectrum Light
Segment by Application
- Commercial Greenhouse
- Indoor Growing Facilities
- Research and Application
Table of Content:
1 LED Grow light Market Overview
2 LED Grow light Market Competition by Manufacturers
3 LED Grow light Retrospective Market Scenario by Region
4 Global LED Grow light Historic Market Analysis by Type
5 Global LED Grow light Historic Market Analysis by Application
6 Key Companies Profiled
7 LED Grow light Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 LED Grow light Market Dynamics
10 Global LED Grow light Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta