Global Light-emitting Diode (LED) Grow Lights Market 2022-2026

Global Light-emitting Diode (LED) Grow Lights Market 2022-2026

  • May 2022 •
  • 120 pages •
  • Report ID: 6277377 •
  • Format: PDF
Global Light-emitting Diode (LED) Grow Lights Market 2022-2026
The analyst has been monitoring the light-emitting diode (LED) grow lights market and it is poised to grow by $ 3.37 bn during 2022-2026, accelerating at a CAGR of 22.14% during the forecast period. Our report on the light-emitting diode (LED) grow lights market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by growth in indoor farming, the need for energy-efficient and long-lasting grow light technology, and the need to improve the yield of crops and reduce crop wastage.
The light-emitting diode (LED) grow lights market analysis includes the application segment and geographic landscape.

The light-emitting diode (LED) grow lights market is segmented as below:
By Application
• Commercial greenhouses
• Vertical farming
• Others

By Geographical Landscape
• Europe
• North America
• APAC
• South America
• Middle East and Africa

This study identifies the innovation and investments in greenhouse horticulture startups as one of the prime reasons driving the light-emitting diode (LED) grow lights market growth during the next few years. Also, the use of LED grow lights in the suppression of plant diseases and the use of artificial intelligence in LED grow lights will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on light-emitting diode (LED) grow lights market covers the following areas:
• Light-emitting diode (LED) grow lights market sizing
• Light-emitting diode (LED) grow lights market forecast
• Light-emitting diode (LED) grow lights market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading light-emitting diode (LED) grow lights market vendors that include Advanced Grow lights, Black Dog Grow Technologies Inc., Bridgelux Inc., Cidly Co.Ltd., Controlled Environments Ltd., General Electric Co., GrowRay Lighting Technologies, Heliospectra AB, Kessil, Kind LED Grow Lights, LED Hydroponic Ltd., LumiGrow Inc., OSRAM GmbH, Samsung Electronics Co. Ltd., Senmatic A/S, Shenzhen Grow LED Technology Co. Ltd., Signify NV, SMART Global Holdings Inc., Valoya Oy, and Violet Gro Inc. Also, the light-emitting diode (LED) grow lights market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.