Lights that are used in a wide range of farming-related applications are called grow lights. This is because they help with the artificial growth of plants. Some of the advantages of using grow lights include high reliability, spectral intensity, and low power consumption. With rapid rise in vertical farming and greenhouse practices around the globe, the use of different grow lights is also simultaneously increasing. This is contributing to the overall growth of the market. The crops considered for the scope of the report include fruits, vegetables, flowers, and ornamental plants.
Technavio’s analysts forecast the global grow lights market to grow at a CAGR of 12.60% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global grow lights market for 2017-2021. To calculate the market size, the report considers the value sales of grow lights.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global LED Agricultural Grow Lights Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Philips Lighting Holding • GENERAL ELECTRIC • OSRAM Licht • Gavita International • LumiGrow
Market driver • Rise in indoor farming practices • For a full, detailed list, view our report
Market challenge • Drawbacks associated with grow lights • For a full, detailed list, view our report
Market trend • Advent of urban farming • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Our reports have been used by over 10K customers, including:
The LED driver market is valued at USD 5200.2 million in 2020, and is expected to reach USD 24,152.3 million in 2026, registering a CAGR of 29.28% during the forecast period (2021 - 2026). LED drivers have become the bottleneck of LED lighting, both in terms of size and reliability. They provide fundamental advantages for LED lighting with...
The global explosion-proof lighting market size is estimated to be USD 340 million in 2021 and is projected to reach 471 million by 2026, at a CAGR of 6.7% during the forecast period. The market has a promising growth potential due to several factors, including the increasing investments in the oil & gas and chemical & pharmaceutical industries...
In-depth Analysis and Data-driven Insights on the Impact of COVID-19 Included in this Global Lighting Control System Market Report
The global lighting control system market by revenue is expected to grow at a CAGR of approx. 19% during 2020–2026.
The APAC region has dominated the market due to a large population and significant...
The grow lights market is projected to grow from USD 1.2 billion in 2021 to USD 4.9 billion by 2026, at a CAGR of 32.2% during the forecast period. Key factors driving the grow lights market growth include increasing government support for the adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices,...
The automotive lighting market was valued at USD 26.49 billion in 2020, and it is expected to reach USD 39.77 billion by 2026, projecting a CAGR 6.55% during the forecast period. Global sales of cars and SUVs fell to just under 77 million units in 2020, down from a peak of almost 94.35 million units in 2017. The sector is projected...
The decorative lighting market is driven by the use of lighting that sets the ambiance of the room and is expected to promote the use of various lighting fixtures. These lights manipulate the actual size of the room by creating a visually dynamic space. Along with this, appropriate lighting and fixture give a pleasant look to a space. -...
Automotive Lighting - Global Sector Overview and Forecast to 2035 (Q1 2021 Update)
Lighting is, self-evidently, a crucial safety technology for vehicles and pedestrians, enabling the vehicle to be seen at night or in poor visibility conditions and for the driver to see pedestrians, other...
The global horticulture lighting market is projected to grow from USD 2.3 billion in 2020 to USD 6.0 billion by 2025; it is expected to grow at a CAGR of 21.4% from 2020 to 2025. The market has a promising growth potential due to several factors, including the technological advancements in LED technology, rising number of government initiatives...
Abstract Building Lighting Control Systems Procurement in the US This report is intended to assist buyers of building lighting control systems. These systems are composed of multiple sensors and electronic components that are connected and installed in a building to regulate and manage lighting. Often, the...
Switched off: Demand for LED lighting is expected to drop in 2020-21 due to economic disruption Abstract LED Lighting Retailing in the UK This industry retails light-emitting diode (LED) fixtures, luminaries and tertiary products. An LED is a solid-state light source that is long-lasting and energy-efficient....
Greenhouse Gas Emissions
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.