1 INTRODUCTION 34
1.1 STUDY OBJECTIVES 34
1.2 MARKET DEFINITION AND SCOPE 34
1.2.1 INCLUSIONS AND EXCLUSIONS 35
1.3 STUDY SCOPE 36
1.3.1 MARKETS COVERED 36
FIGURE 1 GROW LIGHTS MARKET SEGMENTATION 36
1.3.2 REGIONAL SCOPE 36
1.3.3 YEARS CONSIDERED 37
1.4 CURRENCY 37
TABLE 1 CURRENCY TABLE 37
1.5 LIMITATIONS 37
1.6 PACKAGE SIZE 37
1.7 SUMMARY OF CHANGES 38
1.8 STAKEHOLDERS 38

2 RESEARCH METHODOLOGY 39
2.1 RESEARCH DATA 39
FIGURE 2 GROW LIGHTS MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 39
FIGURE 3 GROW LIGHTS MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 40
2.1.1.1 List of key secondary data 41
2.1.1.2 Key data from secondary sources 41
2.1.2 PRIMARY DATA 42
2.1.2.1 Breakdown of primaries 42
2.1.2.2 Key data from primary sources 43
2.1.2.3 Key industry insights 43
2.1.3 SECONDARY AND PRIMARY RESEARCH 44
2.2 PRIMARY PARTICIPANTS 45
2.2.1 SOME KEY PARTICIPANTS 45
2.3 MARKET SIZE ESTIMATION 45
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY SIDE): REVENUE GENERATED BY COMPANIES FROM SOLUTIONS/PRODUCTS/SERVICES OFFERED IN GROW LIGHTS MARKET 46
FIGURE 5 MARKET SIZE ESTIMATION: RESEARCH METHODOLOGY 47
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (DEMAND SIDE): ADOPTION LEVEL OF GROW LIGHTS BY DIFFERENT END USERS 47
FIGURE 7 MARKET SIZE ESTIMATION: DEMAND-SIDE ANALYSIS 48
2.3.1 BOTTOM-UP APPROACH 49
2.3.1.1 Approach for obtaining market size using bottom-up analysis 49
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 49
2.3.2 TOP-DOWN APPROACH 49
2.3.2.1 Approach for obtaining market size using top-down analysis 49
FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 50
2.4 GROWTH FORECAST ASSUMPTIONS 50
2.5 MARKET BREAKDOWN AND DATA TRIANGULATION 51
FIGURE 10 DATA TRIANGULATION 51
2.6 RESEARCH ASSUMPTIONS 52

3 EXECUTIVE SUMMARY 53
FIGURE 11 GROW LIGHTS MARKET: PRE- AND POST-COVID-19 SCENARIO ANALYSIS, 2017-2026 (USD MILLION) 54
3.1 REALISTIC SCENARIO (POST-COVID-19) 54
3.2 OPTIMISTIC SCENARIO (POST-COVID-19) 54
3.3 PESSIMISTIC SCENARIO (POST-COVID-19) 55
FIGURE 12 RETROFIT INSTALLATIONS TO REGISTER HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD 55
FIGURE 13 GREENHOUSES TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET DURING FORECAST PERIOD 56
FIGURE 14 TOPLIGHTING SEGMENT EXPECTED TO CONTINUE TO HOLD LARGER MARKET SIZE DURING 2021-2026 57
FIGURE 15 DISTRIBUTION CHANNELS TO ACCOUNT FOR LARGEST MARKET SIZE FROM 2021 TO 2026 57
FIGURE 16 EUROPE ACCOUNTED FOR LARGEST SHARE OF GROW LIGHTS MARKET IN 2020 58

4 PREMIUM INSIGHTS 59
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN GROW LIGHTS MARKET 59
FIGURE 17 INCREASING ADOPTION OF CONTROLLED ENVIRONMENT AGRICULTURE IN URBAN AREAS DRIVE DEMAND FOR GROW LIGHTS 59
4.2 GROW LIGHTS MARKET, BY APPLICATION 59
FIGURE 18 GREENHOUSES TO DOMINATE GROW LIGHTS MARKET IN 2026 59
4.3 GROW LIGHTS MARKET IN APAC, BY APPLICATION AND COUNTRY 60
FIGURE 19 GREENHOUSES AND JAPAN HELD LARGEST SHARE OF GROW LIGHTS MARKET IN APAC, BY APPLICATION AND COUNTRY, RESPECTIVELY, IN 2020 60
4.4 GROW LIGHTS MARKET, BY SALES CHANNEL 60
FIGURE 20 DISTRIBUTION CHANNELS TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET THROUGHOUT FORECAST PERIOD 60
4.5 GROW LIGHTS MARKET, BY CULTIVATED PLANT 61
FIGURE 21 CANNABIS TO RECORD HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD 61
4.6 GROW LIGHTS MARKET, BY INSTALLATION TYPE 61
FIGURE 22 RETROFIT INSTALLATIONS TO CAPTURE SIGNIFICANT SHARE OF GROW LIGHTS MARKET IN 2026 61
4.7 GROW LIGHTS MARKET, BY REGION 62
FIGURE 23 EUROPE TO EXHIBIT LARGEST MARKET SHARE IN GROW LIGHTS MARKET DURING 2021-2026 62

5 MARKET OVERVIEW 63
5.1 INTRODUCTION 63
5.2 MARKET DYNAMICS 63
FIGURE 24 GROW LIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
5.2.1 DRIVERS 64
5.2.1.1 Strong government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices 64
TABLE 2 INCENTIVES IN US STATES FOR ADOPTION OF LED GROW LIGHTS 64
5.2.1.2 Increased investments in establishing vertical farms and greenhouses and associated advanced technologies 65
TABLE 3 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING 66
5.2.1.3 Remarkable benefits such as energy-efficiency and longer life associated with LED grow lights over conventional lighting technologies 67
TABLE 4 TYPICAL SPECIFICATIONS OF LED VS. HID 67
TABLE 5 REDUCTION IN HARVEST CYCLE USING LED HORTICULTURE LIGHTING ON CANNABIS STRAINS 68
5.2.1.4 High potential capacity of LED grow lights enabling farmers to produce same quality crops all year round irrespective of weather conditions 68
FIGURE 25 IMPACT ANALYSIS OF DRIVERS ON GROW LIGHTS MARKET 69
5.2.2 RESTRAINTS 69
5.2.2.1 High setup and installation costs of LED grow lights 69
5.2.2.2 Complex requirement for varied light spectrums for different crops 70
TABLE 6 STANDARD SPECTRUMS 71
FIGURE 26 IMPACT ANALYSIS OF RESTRAINTS ON GROW LIGHTS MARKET 71
5.2.3 OPPORTUNITIES 71
5.2.3.1 Legalization of cannabis in different countries 71
5.2.3.2 Automation in lighting fixtures and technological advancements in LED grow lights 72
5.2.3.3 Potential opportunities in Asian and Middle Eastern markets for vertical farming 73
5.2.3.4 Integration of hardware, software, and data analytics platform for horticulture yield estimation and energy conservation 74
FIGURE 27 IMPACT ANALYSIS OF OPPORTUNITIES ON GROW LIGHTS MARKET 74
5.2.4 CHALLENGES 75
5.2.4.1 Need for technical know-how and complexities associated with deployment of CEA technology 75
5.2.4.2 Absence of standard testing practices for accessing product quality of horticulture lights and their fixtures 75
5.2.4.3 Difficulties in integrating different components and technologies in CEA facilities 76
FIGURE 28 IMPACT ANALYSIS OF CHALLENGES ON GROW LIGHTS MARKET 76
TABLE 7 KEY TAKEAWAYS FOR SUPPLIERS/COMPONENT PROVIDERS 77

6 INDUSTRY TRENDS 78
6.1 INTRODUCTION 78
6.2 SUPPLY CHAIN ANALYSIS 78
FIGURE 29 SUPPLY CHAIN ANALYSIS: GROW LIGHTS MARKET 78
6.2.1 RESEARCH AND DEVELOPMENT 79
6.2.2 COMPONENT PROVIDERS/INPUT SUPPLIERS 79
6.2.3 ORIGINAL EQUIPMENT MANUFACTURERS 79
6.2.4 SYSTEM INTEGRATORS/TECHNOLOGY AND SERVICE PROVIDERS 79
6.2.5 DISTRIBUTORS AND SALES PARTNERS 80
6.2.5.1 Supply chain analysis of top 5 players 80
TABLE 8 SIGNIFY: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS 81
TABLE 9 HELIOSPECTRA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS 81
TABLE 10 GAVITA: LIST OF MAJOR DISTRIBUTORS AND CUSTOMERS 81
TABLE 11 OSRAM: LIST OF MAJOR DISTRIBUTORS 83
6.2.6 END USERS 83
6.3 KEY TECHNOLOGY AND INDUSTRY TRENDS 84
TABLE 12 LEADING TRENDS IN GROW LIGHTS MARKET 84
6.4 PRICING ANALYSIS 85
TABLE 13 INDICATIVE PRICES OF GROW LIGHT FIXTURES 85
6.5 LIST OF KEY PATENTS AND INNOVATIONS IN GROW LIGHTS MARKET 86
TABLE 14 PATENTS REGISTERED: GROW LIGHTS MARKET 86
6.6 TARIFF AND REGULATORY LANDSCAPE 88
TABLE 15 TARIFF REGULATIONS: GROW LIGHTS 88
6.6.1 TARIFF-RELATED DATA: LIGHTING PRODUCTS 89
6.7 CASE STUDIES 89
6.7.1 INTRODUCTION 89
6.7.2 GLENWOOD VALLEY FARMS 90
TABLE 16 GLENWOOD VALLEY FARMS (CANADA) USED PHILIPS GREENPOWER LED INTERLIGHTING MODULE TO IMPROVE ITS YIELDS 90
6.7.3 LJUSGÅRDA 90
TABLE 17 LJUSGÅRDA ACHIEVED ULTIMATE VERTICAL GROWTH FROM 0 TO 7,000 SQ. M. USING LED LIGHTING SOLUTION AND CONTROL SYSTEM OF HELIOSPECTRA 90
6.7.4 BEIJING VEGETABLE RESEARCH CENTER 91
TABLE 18 SIGNIFY HOLDING (NETHERLANDS) PROVIDED PHILIPS GREENPOWER LED TOPLIGHTING TO GROW VEGETABLE SEEDLINGS UNDER ARTIFICIAL LIGHTS TO BVRC (CHINA) 91
6.7.5 KERNOCK PARK PLANTS 91
TABLE 19 KERNOCK PARK PLANTS INSTALLED PHILIPS GREENPOWER LED TOPLIGHTING AND PRODUCTION MODULE FROM SIGNIFY HOLDING (NETHERLANDS) 91
6.7.6 GREEN SIMPLICITY 92
TABLE 20 GREEN SIMPLICITY DEVELOPED SPECIAL RESEARCH GROWING SYSTEMS WITH HELP OF HORTILUX 92
6.7.7 NS BRANDS 92
TABLE 21 HELIOSPECTRA AB (SWEDEN) HELPED NS BRANDS (US) WITH GREENHOUSE TOMATO TRIALS 92
6.7.8 SANOID ISOLATES 93
TABLE 22 HELIOSPECTRA AB (SWEDEN) HELPED SANOID ISOLATES (SPAIN) TO PRODUCE CANNABIS EXTRACTIONS WITH HIGHEST LEVELS OF QUALITY, TRACEABILITY, AND CONSISTENCY 93
6.8 TECHNOLOGY ANALYSIS: HID (HPS) VS. LED 93
TABLE 23 FACTORS LEADING TO RELUCTANCE FOR ADOPTION OF LED LIGHTS 93
FIGURE 30 VIEWS OF INDUSTRY EXPERTS PERTAINING TO INCREASING ADOPTION OF LED-BASED GROW LIGHTS 94
6.8.1 HID (HPS) VS. LED PRICING ANALYSIS 95
TABLE 24 CAPEX AND OPEX FOR LED AND HPS (INDICATIVE) TECHNOLOGIES 95
FIGURE 31 MARKET SIZING TREND: MAJOR TECHNOLOGIES USED IN GROW LIGHTS, 2017-2026 (USD MILLION) 95
FIGURE 32 GROW LIGHT TECHNOLOGY TREND: MARKET SHARE ANALYSIS OF MAJOR HORTICULTURE LIGHTING TECHNOLOGIES, 2017-2026 96
6.9 TRADE ANALYSIS 96
6.9.1 EXPORT SCENARIO OF LAMPS AND LIGHTING FITTINGS 96
TABLE 25 EXPORT DATA FOR LAMPS AND LIGHTING FITTINGS,
2015-2019 (USD MILLION) 96
6.9.2 IMPORT SCENARIO OF LAMPS AND LIGHTING FITTINGS 97
TABLE 26 IMPORT DATA FOR LAMPS AND LIGHTING FITTINGS,
2015-2019 (USD MILLION) 97
6.9.3 IMPACT OF COVID-19 ON GROW LIGHTS MARKET 97
6.10 GROW LIGHTS MARKET ECOSYSTEM 98

7 GROW LIGHTS MARKET, BY OFFERING 99
7.1 INTRODUCTION 100
FIGURE 33 GROW LIGHTS MARKET, BY OFFERING 100
FIGURE 34 SOFTWARE & SERVICES SEGMENT TO EXHIBIT HIGHER GROWTH RATE IN GROW LIGHTS MARKET DURING FORECAST PERIOD 100
TABLE 27 GROW LIGHTS MARKET, BY OFFERING, 2017-2020 (USD MILLION) 100
TABLE 28 GROW LIGHTS MARKET, BY OFFERING, 2021-2026 (USD MILLION) 101
7.2 HARDWARE 101
7.2.1 BULBS AND FIXTURES, METAL REFLECTORS, REFLECTIVE FILMS, AND BALLASTS ARE KEY HARDWARE COMPONENTS OF GROW LIGHTS 101
TABLE 29 GROW LIGHTS MARKET FOR HARDWARE, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 102
TABLE 30 GROW LIGHTS MARKET FOR HARDWARE, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 102
TABLE 31 GROW LIGHTS MARKET FOR HARDWARE, BY INSTALLATION TYPE,
2017-2020 (USD MILLION) 102
TABLE 32 GROW LIGHTS MARKET FOR HARDWARE, BY INSTALLATION TYPE,
2021-2026 (USD MILLION) 102
TABLE 33 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION,
2017-2020 (USD MILLION) 103
FIGURE 35 VERTICAL FARMS TO DOMINATE GROW LIGHTS MARKET FOR HARDWARE DURING FORECAST PERIOD 103
TABLE 34 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION,
2021-2026 (USD MILLION) 103
TABLE 35 GROW LIGHTS MARKET FOR HARDWARE, BY REGION,
2017-2020 (USD MILLION) 104
TABLE 36 GROW LIGHTS MARKET FOR HARDWARE, BY REGION,
2021-2026 (USD MILLION) 104
7.3 SOFTWARE & SERVICES 104
7.3.1 SOFTWARE & SERVICES SEGMENT TO WITNESS HIGHER GROWTH RATE IN GROW LIGHTS MARKET DURING 2021-2026 104
TABLE 37 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2017-2020 (USD MILLION) 105
TABLE 38 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2021-2026 (USD MILLION) 106
TABLE 39 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION,
2017-2020 (USD MILLION) 106
FIGURE 36 APAC TO RECORD HIGHEST GROWTH RATE IN GROW LIGHTS MARKET FOR SOFTWARE & SERVICES SEGMENT DURING FORECAST PERIOD 106
TABLE 40 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION,
2021-2026 (USD MILLION) 107

8 GROW LIGHTS MARKET, BY LIGHTING TYPE 108
8.1 INTRODUCTION 109
FIGURE 37 GROW LIGHTS MARKET, BY LIGHTING TYPE 109
FIGURE 38 TOPLIGHTING SEGMENT TO HOLD LARGER SIZE OF GROW LIGHTS MARKET IN 2026 109
TABLE 41 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2017-2020 (USD MILLION) 109
TABLE 42 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2021-2026 (USD MILLION) 110
8.2 TOPLIGHTING 110
8.2.1 TOPLIGHTING—WIDELY USED LIGHTING TYPE IN INDOOR FARMING 110
TABLE 43 GROW LIGHTS MARKET FOR TOPLIGHTING, BY APPLICATION,
2017-2020 (USD MILLION) 111
FIGURE 39 GREENHOUSES TO HOLD LARGEST SIZE OF TOPLIGHTING GROW LIGHTS MARKET FROM 2021 TO 2026 111
TABLE 44 GROW LIGHTS MARKET FOR TOPLIGHTING, BY APPLICATION,
2021-2026 (USD MILLION) 111
TABLE 45 GROW LIGHTS MARKET FOR TOPLIGHTING, BY CULTIVATED PLANT,
2017-2020 (USD MILLION) 112
TABLE 46 GROW LIGHTS MARKET FOR TOPLIGHTING, BY CULTIVATED PLANT,
2021-2026 (USD MILLION) 112
TABLE 47 GROW LIGHTS MARKET FOR TOPLIGHTING, BY REGION,
2017-2020 (USD MILLION) 112
TABLE 48 GROW LIGHTS MARKET FOR TOPLIGHTING, BY REGION,
2021-2026 (USD MILLION) 112
8.3 INTERLIGHTING 113
8.3.1 INTERLIGHTING SEGMENT TO REGISTER HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD 113
TABLE 49 GROW LIGHTS MARKET FOR INTERLIGHTING, BY APPLICATION,
2017-2020 (USD MILLION) 113
TABLE 50 GROW LIGHTS MARKET FOR INTERLIGHTING, BY APPLICATION,
2021-2026 (USD MILLION) 114
TABLE 51 GROW LIGHTS MARKET FOR INTERLIGHTING, BY CULTIVATED PLANT,
2017-2020 (USD MILLION) 114
FIGURE 40 FRUITS & VEGETABLES TO CAPTURE LARGEST SIZE OF INTERLIGHTING GROW LIGHTS MARKET FROM 2021 TO 2026 114
TABLE 52 GROW LIGHTS MARKET FOR INTERLIGHTING, BY CULTIVATED PLANT,
2021-2026 (USD MILLION) 115
TABLE 53 GROW LIGHTS MARKET FOR INTERLIGHTING, BY REGION,
2017-2020 (USD MILLION) 115
TABLE 54 GROW LIGHTS MARKET FOR INTERLIGHTING, BY REGION,
2021-2026 (USD MILLION) 115

9 GROW LIGHTS MARKET, BY INSTALLATION TYPE 116
9.1 INTRODUCTION 117
FIGURE 41 GROW LIGHTS MARKET, BY INSTALLATION TYPE 117
FIGURE 42 RETROFIT INSTALLATIONS TO EXHIBIT HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD 117
TABLE 55 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2017-2020 (USD MILLION) 118
TABLE 56 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2021-2026 (USD MILLION) 118
9.2 NEW INSTALLATIONS 118
9.2.1 RISING ADOPTION OF VERTICAL FARMING TECHNOLOGY BOOSTS NEW INSTALLATIONS OF GROW LIGHTS 118
TABLE 57 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION,
2017-2020 (USD MILLION) 119
FIGURE 43 APAC TO REGISTER HIGHEST CAGR IN GROW LIGHTS MARKET FOR NEW INSTALLATIONS DURING FORECAST PERIOD 119
TABLE 58 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION,
2021-2026 (USD MILLION) 120
9.3 RETROFIT INSTALLATIONS 120
9.3.1 RETROFITTING INSTALLATION OF GROW LIGHTS HELPS SAVE ENERGY, IMPROVE PLANT QUALITY, AND REDUCE MAINTENANCE COST 120
TABLE 59 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION,
2017-2020 (USD MILLION) 121
FIGURE 44 EUROPE TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS DURING FORECAST PERIOD 121
TABLE 60 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION,
2021-2026 (USD MILLION) 121

10 GROW LIGHTS MARKET, BY WATT 122
10.1 INTRODUCTION 123
FIGURE 45 GROW LIGHTS MARKET, BY WATT 123
FIGURE 46 >300-WATT GROW LIGHTS TO DOMINATE MARKET DURING FORECAST PERIOD 123
TABLE 61 GROW LIGHTS MARKET, BY WATT, 2017-2020 (USD MILLION) 123
TABLE 62 GROW LIGHTS MARKET, BY WATT, 2021-2026 (USD MILLION) 124
10.2 <300 WATTS 124
10.2.1 <300-WATT GROW LIGHTS ARE PRIMARILY USED FOR CANNABIS PRODUCTION 124
TABLE 63 <300-WATT GROW LIGHTS MARKET, BY APPLICATION,
2017-2020 (USD MILLION) 124
TABLE 64 <300-WATT GROW LIGHTS MARKET, BY APPLICATION,
2021-2026 (USD MILLION) 125
10.3 >300 WATTS 125
10.3.1 >300-WATT GROW LIGHTS ARE SUITABLE FOR VEGETABLE AND FLOWER PRODUCTION 125
TABLE 65 >300-WATT GROW LIGHTS MARKET, BY APPLICATION,
2017-2020 (USD MILLION) 125
TABLE 66 >300-WATT GROW LIGHTS MARKET, BY APPLICATION,
2021-2026 (USD MILLION) 125

11 GROW LIGHTS MARKET, BY APPLICATION 126
11.1 INTRODUCTION 127
FIGURE 47 GROW LIGHTS MARKET, BY APPLICATION 127
FIGURE 48 VERTICAL FARMS TO REGISTER HIGHEST CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD 127
TABLE 67 GROW LIGHTS MARKET, BY APPLICATION, 2017-2020 (USD MILLION) 128
TABLE 68 GROW LIGHTS MARKET, BY APPLICATION, 2021-2026 (USD MILLION) 128
11.2 GREENHOUSES 128
11.2.1 HIGHER YIELDS CAN BE ACHIEVED USING GROW LIGHTS IN GREENHOUSES 128
TABLE 69 GROW LIGHTS MARKET FOR GREENHOUSES, BY OFFERING,
2017-2020 (USD MILLION) 129
TABLE 70 GROW LIGHTS MARKET FOR GREENHOUSES, BY OFFERING,
2021-2026 (USD MILLION) 129
TABLE 71 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATT,
2017-2020 (USD MILLION) 130
TABLE 72 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATT,
2021-2026 (USD MILLION) 130
TABLE 73 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION,
2017-2020 (USD MILLION) 130
FIGURE 49 APAC TO EXHIBIT HIGHEST CAGR IN GROW LIGHTS MARKET FOR GREENHOUSES DURING FORECAST PERIOD 130
TABLE 74 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION,
2021-2026 (USD MILLION) 131
TABLE 75 GROW LIGHTS MARKET FOR GREENHOUSES, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 131
TABLE 76 GROW LIGHTS MARKET FOR GREENHOUSES, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 131
11.3 VERTICAL FARMS 131
11.3.1 OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING 131
11.3.2 REGION-WISE RECENT DEVELOPMENTS IN VERTICAL FARMING MARKET 132
TABLE 77 VERTICAL FARM DEVELOPMENTS IN NORTH AMERICA 132
TABLE 78 VERTICAL FARM DEVELOPMENTS IN EUROPE 134
TABLE 79 VERTICAL FARM DEVELOPMENTS IN APAC 135
TABLE 80 VERTICAL FARM DEVELOPMENTS IN MIDDLE EAST 136
TABLE 81 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY OFFERING,
2017-2020 (USD MILLION) 136
TABLE 82 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY OFFERING,
2021-2026 (USD MILLION) 136
TABLE 83 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY WATT,
2017-2020 (USD MILLION) 137
TABLE 84 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY WATT,
2021-2026 (USD MILLION) 137
TABLE 85 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY REGION,
2017-2020 (USD MILLION) 137
FIGURE 50 APAC TO REGISTER HIGHEST CAGR IN GROW LIGHTS MARKET FOR VERTICAL FARMS DURING FORECAST PERIOD 138
TABLE 86 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY REGION,
2021-2026 (USD MILLION) 138
TABLE 87 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 138
TABLE 88 GROW LIGHTS MARKET FOR VERTICAL FARMS, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 139
11.4 INDOOR FARMS 139
11.4.1 INCREASED REQUIREMENT FOR FOOD ACCELERATES DEMAND FOR GROW LIGHTS IN INDOOR FARMING 139
TABLE 89 GROW LIGHTS MARKET FOR INDOOR FARMS, BY OFFERING,
2017-2020 (USD MILLION) 139
TABLE 90 GROW LIGHTS MARKET FOR INDOOR FARMS, BY OFFERING,
2021-2026 (USD MILLION) 140
TABLE 91 GROW LIGHTS MARKET FOR INDOOR FARMS, BY WATT,
2017-2020 (USD MILLION) 140
TABLE 92 GROW LIGHTS MARKET FOR INDOOR FARMS, BY WATT,
2021-2026 (USD MILLION) 140
TABLE 93 GROW LIGHTS MARKET FOR INDOOR FARMS, BY REGION,
2017-2020 (USD MILLION) 140
TABLE 94 GROW LIGHTS MARKET FOR INDOOR FARMS, BY REGION,
2021-2026 (USD MILLION) 141
TABLE 95 GROW LIGHTS MARKET FOR INDOOR FARMS, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 141
FIGURE 51 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGER SIZE OF GROW LIGHTS MARKET FOR INDOOR FARMING IN 2026 141
TABLE 96 GROW LIGHTS MARKET FOR INDOOR FARMING, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 142
11.5 RESEARCH & TISSUE CULTURE LABORATORIES 142
11.5.1 LARGE NUMBER OF RESEARCH PROJECTS IN PLANT LABORATORIES AND AGRICULTURE UNIVERSITIES FOSTER MARKET GROWTH 142
TABLE 97 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES , BY OFFERING, 2017-2020 (USD MILLION) 143
TABLE 98 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY OFFERING, 2021-2026 (USD MILLION) 143
TABLE 99 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY WATT, 2017-2020 (USD MILLION) 143
TABLE 100 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY WATT, 2021-2026 (USD MILLION) 143
TABLE 101 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY REGION, 2017-2020 (USD MILLION) 144
TABLE 102 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY REGION, 2021-2026 (USD MILLION) 144
TABLE 103 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY LIGHTING TYPE, 2017-2020 (USD MILLION) 144
TABLE 104 GROW LIGHTS MARKET FOR RESEARCH & TISSUE CULTURE LABORATORIES, BY LIGHTING TYPE, 2021-2026 (USD MILLION) 145

12 GROW LIGHTS MARKET, BY CULTIVATED PLANT 146
12.1 INTRODUCTION 147
FIGURE 52 GROW LIGHTS MARKET, BY CULTIVATED PLANT 147
FIGURE 53 FRUITS & VEGETABLES SEGMENT TO ACCOUNT FOR LARGEST SIZE OF GROW LIGHTS MARKET FROM 2021 TO 2026 147
TABLE 105 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2017-2020 (USD MILLION) 147
TABLE 106 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2021-2026 (USD MILLION) 148
12.2 FRUITS & VEGETABLES 148
12.2.1 INCREASED DEMAND FOR HIGH-QUALITY ORGANIC FRUITS AND VEGETABLES PROMOTE ADOPTION OF GROW LIGHTS IN VERTICAL FARMS AND GREENHOUSES 148
TABLE 107 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION,
2017-2020 (USD MILLION) 151
TABLE 108 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION,
2021-2026 (USD MILLION) 151
12.3 FLOWERS 152
12.3.1 EUROPE TO CAPTURE SIGNIFICANT SIZE OF GROW LIGHTS MARKET FOR FLOWERS IN COMING YEARS 152
FIGURE 54 EUROPE TO HOLD LARGEST SIZE OF GROW LIGHTS MARKET FOR FLOWERS IN 2026 153
TABLE 109 GROW LIGHTS MARKET FOR FLOWERS, BY REGION,
2017-2020 (USD MILLION) 153
TABLE 110 GROW LIGHTS MARKET FOR FLOWERS, BY REGION,
2021-2026 (USD MILLION) 153
12.4 CANNABIS 154
12.4.1 CANNABIS SEGMENT OF GROW LIGHTS MARKET TO EXHIBIT HIGHEST CAGR FROM 2021 TO 2026 154
TABLE 111 GROW LIGHTS MARKET FOR CANNABIS, BY REGION,
2017-2020 (USD MILLION) 155
TABLE 112 GROW LIGHTS MARKET FOR CANNABIS, BY REGION,
2021-2026 (USD MILLION) 155

13 GROW LIGHTS MARKET, BY SPECTRUM 156
13.1 INTRODUCTION 157
FIGURE 55 FULL-SPECTRUM LED GROW LIGHTS MARKET TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD 157
TABLE 113 GROW LIGHTS MARKET, BY SPECTRUM, 2017-2020 (USD MILLION) 157
TABLE 114 GROW LIGHTS MARKET, BY SPECTRUM, 2021-2026 (USD MILLION) 158
13.2 FULL SPECTRUM 158
13.2.1 FULL-SPECTRUM LIGHT SOURCE GAINING POPULARITY AS IT IMPROVES PLANT GROWTH BY EMITTING LIGHT ACCORDING TO ITS CHANGING REQUIREMENTS 158
TABLE 115 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY OFFERING,
2017-2020 (USD MILLION) 158
TABLE 116 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY OFFERING,
2021-2026 (USD MILLION) 159
TABLE 117 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY REGION,
2017-2020 (USD MILLION) 159
FIGURE 56 APAC TO EXHIBIT HIGHER CAGR IN FULL-SPECTRUM GROW LIGHTS MARKET DURING FORECAST PERIOD 159
TABLE 118 GROW LIGHTS MARKET FOR FULL SPECTRUM, BY REGION,
2021-2026 (USD MILLION) 160
13.3 LIMITED SPECTRUM 160
13.3.1 LIMITED-SPECTRUM LEDS GROW LIGHTS COMMONLY AVAILABLE IN DEEP BLUE (450 NM), HYPER RED (660 NM), FAR-RED (730 NM), AND GREEN
(530 NM) COLORS 160
TABLE 119 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY OFFERING,
2017-2020 (USD MILLION) 160
TABLE 120 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY OFFERING,
2021-2026 (USD MILLION) 161
TABLE 121 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY REGION,
2017-2020 (USD MILLION) 161
FIGURE 57 EUROPE TO HOLD LARGEST SIZE OF LIMITED-SPECTRUM LED GROW LIGHTS MARKET DURING FORECAST PERIOD 161
TABLE 122 GROW LIGHTS MARKET FOR LIMITED SPECTRUM, BY REGION,
2021-2026 (USD MILLION) 162

14 GROW LIGHTS MARKET, BY SALES CHANNEL 163
14.1 INTRODUCTION 164
FIGURE 58 E-COMMERCE SALES CHANNELS TO EXHIBIT HIGHER CAGR THAN DISTRIBUTION CHANNELS IN GROW LIGHTS MARKET DURING FORECAST PERIOD 164
TABLE 123 GROW LIGHTS MARKET, BY SALES CHANNEL, 2017-2020 (USD MILLION) 164
TABLE 124 GROW LIGHTS MARKET, BY SALES CHANNEL, 2021-2026 (USD MILLION) 165
14.2 DISTRIBUTION CHANNELS 165
14.2.1 DISTRIBUTION CHANNELS TO LEAD GROW LIGHTS MARKET DURING
2021-2026 165
TABLE 125 GROW LIGHTS MARKET FOR DISTRIBUTION CHANNELS, BY REGION,
2017-2020 (USD MILLION) 166
TABLE 126 GROW LIGHTS MARKET FOR DISTRIBUTION CHANNELS, BY REGION,
2021-2026 (USD MILLION) 166
14.3 E-COMMERCE CHANNELS 166
14.3.1 THIRD-PARTY E-COMMERCE PLATFORMS ARE PREFERRED BY SMALL GROWERS/HOME-BASED GROWERS 166
TABLE 127 GROW LIGHTS MARKET FOR E-COMMERCE CHANNELS, BY REGION,
2017-2020 (USD MILLION) 167
FIGURE 59 APAC TO RECORD HIGHEST CAGR IN GROW LIGHTS MARKET FOR E-COMMERCE CHANNELS DURING FORECAST PERIOD 167
TABLE 128 GROW LIGHTS MARKET FOR E-COMMERCE CHANNELS, BY REGION,
2021-2026 (USD MILLION) 167
14.4 DIRECT SALES CHANNELS 168
14.4.1 DIRECT SALES MODE WITNESSED NEGATIVE IMPACT DURING COVID-19 PERIOD OWING TO GROWERS' INTEREST IN BUYING GROW LIGHTS THROUGH ONLINE MODE 168
TABLE 129 GROW LIGHTS MARKET FOR DIRECT SALES CHANNELS, BY REGION,
2017-2020 (USD MILLION) 168
TABLE 130 GROW LIGHTS MARKET FOR DIRECT SALES CHANNELS, BY REGION,
2021-2026 (USD MILLION) 168
14.5 IMPACT OF GROWING ONLINE MARKET ON DISTRIBUTION AND DIRECT SALES CHANNELS 169
14.6 DISTRIBUTION CHANNELS DOMINATE OVERALL GROW LIGHTS MARKET 169

15 GEOGRAPHIC ANALYSIS 170
15.1 INTRODUCTION 171
FIGURE 60 GROW LIGHTS MARKET, BY REGION 171
TABLE 131 GROW LIGHTS MARKET, BY REGION, 2017-2020 (USD MILLION) 171
TABLE 132 GROW LIGHTS MARKET, BY REGION, 2021-2026 (USD MILLION) 171
TABLE 133 GROW LIGHTS MARKET, BY REGION, 2017-2020 (THOUSAND UNITS) 172
TABLE 134 GROW LIGHTS MARKET, BY REGION, 2021-2026 (THOUSAND UNITS) 172
15.2 NORTH AMERICA 173
FIGURE 61 GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY 173
FIGURE 62 SNAPSHOT: GROW LIGHTS MARKET IN NORTH AMERICA, 2020 174
TABLE 135 GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY,
2017-2020 (USD MILLION) 174
TABLE 136 GROW LIGHTS MARKET IN NORTH AMERICA, BY COUNTRY,
2021-2026 (USD MILLION) 175
TABLE 137 GROW LIGHTS MARKET IN NORTH AMERICA, BY OFFERING,
2017-2020 (USD MILLION) 175
TABLE 138 GROW LIGHTS MARKET IN NORTH AMERICA, BY OFFERING,
2021-2026 (USD MILLION) 175
TABLE 139 GROW LIGHTS MARKET IN NORTH AMERICA, BY APPLICATION,
2017-2020 (USD MILLION) 175
TABLE 140 GROW LIGHTS MARKET IN NORTH AMERICA, BY APPLICATION,
2021-2026 (USD MILLION) 176
TABLE 141 GROW LIGHTS MARKET IN NORTH AMERICA, BY CULTIVATED PLANT,
2017-2020 (USD MILLION) 176
TABLE 142 GROW LIGHTS MARKET IN NORTH AMERICA, BY CULTIVATED PLANT,
2021-2026 (USD MILLION) 176
TABLE 143 GROW LIGHTS MARKET IN NORTH AMERICA, BY SALES CHANNEL,
2017-2020 (USD MILLION) 177
TABLE 144 GROW LIGHTS MARKET IN NORTH AMERICA, BY SALES CHANNEL,
2021-2026 (USD MILLION) 177
TABLE 145 GROW LIGHTS MARKET IN NORTH AMERICA, BY SPECTRUM TYPE,
2017-2020 (USD MILLION) 177
TABLE 146 GROW LIGHTS MARKET IN NORTH AMERICA, BY SPECTRUM TYPE,
2021-2026 (USD MILLION) 177
TABLE 147 GROW LIGHTS MARKET IN NORTH AMERICA, BY INSTALLATION TYPE,
2017-2020 (USD MILLION) 178
TABLE 148 GROW LIGHTS MARKET IN NORTH AMERICA, BY INSTALLATION TYPE,
2021-2026 (USD MILLION) 178
TABLE 149 GROW LIGHTS MARKET IN NORTH AMERICA, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 178
TABLE 150 GROW LIGHTS MARKET IN NORTH AMERICA, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 179
15.2.1 US 179
15.2.1.1 Prominent presence of various grow light system manufacturers fosters market growth in US 179
15.2.2 CANADA 180
15.2.2.1 Odd climatic conditions, along with legalization of cannabis cultivation, have induced greater demand for grow lights in Canada 180
15.2.3 MEXICO 180
15.2.3.1 Extensive use of grow lights in tomato cultivation to accelerate their demand in Mexico 180
15.3 EUROPE 181
FIGURE 63 GROW LIGHTS MARKET IN EUROPE 181
FIGURE 64 SNAPSHOT OF GROW LIGHTS MARKET IN EUROPE, 2020 182
TABLE 151 GROW LIGHTS MARKET IN EUROPE, BY COUNTRY,
2017-2020 (USD MILLION) 182
TABLE 152 GROW LIGHTS MARKET IN EUROPE, BY COUNTRY,
2021-2026 (USD MILLION) 183
TABLE 153 GROW LIGHTS MARKET IN EUROPE, BY OFFERING,
2017-2020 (USD MILLION) 183
TABLE 154 GROW LIGHTS MARKET IN EUROPE, BY OFFERING,
2021-2026 (USD MILLION) 183
TABLE 155 GROW LIGHTS MARKET IN EUROPE, BY APPLICATION,
2017-2020 (USD MILLION) 184
TABLE 156 GROW LIGHTS MARKET IN EUROPE, BY APPLICATION,
2021-2026 (USD MILLION) 184
TABLE 157 GROW LIGHTS MARKET IN EUROPE, BY CULTIVATED PLANT,
2017-2020 (USD MILLION) 184
TABLE 158 GROW LIGHTS MARKET IN EUROPE, BY CULTIVATED PLANT,
2021-2026 (USD MILLION) 184
TABLE 159 GROW LIGHTS MARKET IN EUROPE, BY SALES CHANNEL,
2017-2020 (USD MILLION) 185
TABLE 160 GROW LIGHTS MARKET IN EUROPE, BY SALES CHANNEL,
2021-2026 (USD MILLION) 185
TABLE 161 GROW LIGHTS MARKET IN EUROPE, BY SPECTRUM,
2017-2020 (USD MILLION) 185
TABLE 162 GROW LIGHTS MARKET IN EUROPE, BY SPECTRUM,
2021-2026 (USD MILLION) 185
TABLE 163 GROW LIGHTS MARKET IN EUROPE, BY INSTALLATION TYPE,
2017-2020 (USD MILLION) 186
TABLE 164 GROW LIGHTS MARKET IN EUROPE, BY INSTALLATION TYPE,
2021-2026 (USD MILLION) 186
TABLE 165 GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 186
TABLE 166 GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 186
15.3.1 UK 187
15.3.1.1 Large-scale indoor farming and vertical farming practices in UK to boost demand for grow lights 187
15.3.2 GERMANY 187
15.3.2.1 High adoption of grow lights in commercial greenhouses to fuel requirement for grow lights 187
15.3.3 NETHERLANDS 188
15.3.3.1 Robust agriculture industry and significant presence of key market players to augment growth of grow lights market in Netherlands 188
15.3.4 SCANDINAVIA 188
15.3.4.1 Rapid adoption of grow lights in indoor farming and greenhouse applications to stimulate market growth in Scandinavian countries 188
15.3.5 REST OF EUROPE 189
15.4 APAC 190
FIGURE 65 GROW LIGHTS MARKET IN APAC 190
FIGURE 66 SNAPSHOT OF GROW LIGHTS MARKET IN APAC, 2020 191
TABLE 167 GROW LIGHTS MARKET IN APAC, BY GEOGRAPHY,
2017-2020 (USD MILLION) 191
TABLE 168 GROW LIGHTS MARKET IN APAC, BY GEOGRAPHY,
2021-2026 (USD MILLION) 192
TABLE 169 GROW LIGHTS MARKET IN APAC, BY OFFERING, 2017-2020 (USD MILLION) 192
TABLE 170 GROW LIGHTS MARKET IN APAC, BY OFFERING, 2021-2026 (USD MILLION) 192
TABLE 171 GROW LIGHTS MARKET IN APAC, BY APPLICATION,
2017-2020 (USD MILLION) 193
TABLE 172 GROW LIGHTS MARKET IN APAC, BY APPLICATION,
2021-2026 (USD MILLION) 193
TABLE 173 GROW LIGHTS MARKET IN APAC, BY CULTIVATED PLANT,
2017-2020 (USD MILLION) 193
TABLE 174 GROW LIGHTS MARKET IN APAC, BY CULTIVATED PLANT,
2021-2026 (USD MILLION) 194
TABLE 175 GROW LIGHTS MARKET IN APAC, BY SALES CHANNEL,
2017-2020 (USD MILLION) 194
TABLE 176 GROW LIGHTS MARKET IN APAC, BY SALES CHANNEL,
2021-2026 (USD MILLION) 194
TABLE 177 GROW LIGHTS MARKET IN APAC, BY SPECTRUM, 2017-2020 (USD MILLION) 194
TABLE 178 GROW LIGHTS MARKET IN APAC, BY SPECTRUM, 2021-2026 (USD MILLION) 195
TABLE 179 GROW LIGHTS MARKET IN APAC, BY INSTALLATION TYPE,
2017-2020 (USD MILLION) 195
TABLE 180 GROW LIGHTS MARKET IN APAC, BY INSTALLATION TYPE,
2021-2026 (USD MILLION) 195
TABLE 181 GROW LIGHTS MARKET IN APAC, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 195
TABLE 182 GROW LIGHTS MARKET IN APAC, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 196
15.4.1 CHINA 196
15.4.1.1 Robust presence of leading LED manufacturers to promote grow lights market growth in China 196
15.4.2 JAPAN 197
15.4.2.1 Considerable shortage of arable land in Japan to induce demand for grow lights 197
15.4.3 SOUTHEAST ASIA 198
15.4.3.1 High demand for fresh horticulture produce and strong support of Southeast Asian governments to fuel market growth 198
15.4.4 AUSTRALIA 198
15.4.4.1 Limited rainfall, along with legalization of cannabis, to fuel adoption of grow lights for indoor farming in Australia 198
15.4.5 REST OF APAC 199
15.5 REST OF THE WORLD 199
FIGURE 67 GROW LIGHTS MARKET IN ROW 200
TABLE 183 GROW LIGHTS MARKET IN ROW, BY REGION, 2017-2020 (USD MILLION) 200
TABLE 184 GROW LIGHTS MARKET IN ROW, BY REGION, 2021-2026 (USD MILLION) 200
TABLE 185 GROW LIGHTS MARKET IN ROW, BY OFFERING, 2017-2020 (USD MILLION) 200
TABLE 186 GROW LIGHTS MARKET IN ROW, BY OFFERING, 2021-2026 (USD MILLION) 201
TABLE 187 GROW LIGHTS MARKET IN ROW, BY APPLICATION,
2017-2020 (USD MILLION) 201
TABLE 188 GROW LIGHTS MARKET IN ROW, BY APPLICATION,
2021-2026 (USD MILLION) 201
TABLE 189 GROW LIGHTS MARKET IN ROW, BY CULTIVATED PLANT,
2017-2020 (USD MILLION) 201
TABLE 190 GROW LIGHTS MARKET IN ROW, BY CULTIVATED PLANT,
2021-2026 (USD MILLION) 202
TABLE 191 GROW LIGHTS MARKET IN ROW, BY SALES CHANNEL,
2017-2020 (USD MILLION) 202
TABLE 192 GROW LIGHTS MARKET IN ROW, BY SALES CHANNEL,
2021-2026 (USD MILLION) 202
TABLE 193 GROW LIGHTS MARKET IN ROW, BY SPECTRUM, 2017-2020 (USD MILLION) 202
TABLE 194 GROW LIGHTS MARKET IN ROW, BY SPECTRUM, 2021-2026 (USD MILLION) 203
TABLE 195 GROW LIGHTS MARKET IN ROW, BY INSTALLATION TYPE,
2017-2020 (USD MILLION) 203
TABLE 196 GROW LIGHTS MARKET IN ROW, BY INSTALLATION TYPE,
2021-2026 (USD MILLION) 203
TABLE 197 GROW LIGHTS MARKET IN ROW, BY LIGHTING TYPE,
2017-2020 (USD MILLION) 203
TABLE 198 GROW LIGHTS MARKET IN ROW, BY LIGHTING TYPE,
2021-2026 (USD MILLION) 204
15.5.1 SOUTH AMERICA 204
15.5.1.1 Vertical coffee farming in Brazil to provide lucrative opportunities for grow lights market 204
15.5.2 MIDDLE EAST 205
15.5.2.1 Resource scarcity to propel adoption of grow lights in vertical farms in Middle East 205
15.5.3 AFRICA 205
15.5.3.1 Insufficient sunlight in long monsoon season in Africa promote implementation of grow lights 205

16 COMPETITIVE LANDSCAPE 206
16.1 OVERVIEW 206
FIGURE 68 COMPANIES ADOPTED PRODUCT LAUNCHES AS KEY GROWTH STRATEGY FROM 2017 TO 2020 207
16.2 MARKET SHARE ANALYSIS 208

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