Global Grow Light Market, By Geography, Spectrum (Partial, Full), Installation (New, Retrofit), Technology (High-Intensity Discharge, Fluorescent Lighting, LED), Application (Indoor Farming, Vertical Farming, Commercial Greenhouse, TURF & Landscaping, Research) – Industry Trends and Forecast to 2024
The Global Grow Light Market Report covers the industry changing factors such as market growth rate, size, share and revenue. It provides growth factor as well as restricting factors which affects the market development rate. Clients can rely upon this top-notch market report to accomplish an utter success in this competitive Global Grow Light Market. The report provides plentiful insights and business solutions with which you compete with the other key market players. This report has been produced with a nice blend of industry insight and by using smart research techniques such as SWOT analysis and Porter’s five forces analysis.
The Global Grow Light Market accounted for USD 2.65 billion in 2016 growing at a CAGR of 12.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Grow light is an artificial light powered by electricity which is specially designed to stipulate the plant growth by emitting an electromagnetic spectrum appropriate for photosynthesis. These lights are mostly tailor-made to cater essential light for plants in absence of natural light or supplemental light required in unfavourable climatic conditions. The market is majorly driven by increased demand and awareness about energy-efficient lighting, and growing demand for indoor farming practices. However, the high costs and tailor-made solutions may restrain the growth of the market.
Major Market Drivers & Restraints:
- Increased demand and awareness about energy-efficient lighting
- Growing demand for indoor farming practices
- Increasing commercialization of grow lights in multiple verticals
- High costs of energy-efficient grow lights
- Customized lights for different crops
Company Share Analysis: Global Grow Light Market
The report for global grow light market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Grow Light Market
Some of the major players of the global grow light market are Philips, General Electric Company, Osram Licht AG, Lumigrow Inc., Heliospectra Ab., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., Sunlight Supply Inc, AeroFarms, Gavita International B.V., Advanced Lighting Technologies, Inc., Hydrofarm, IWASAKI ELECTRIC CO. LTD., and others.
Table of Content:
01: Executive Summary
02: Scope of The Report
03: Market Landscape
04: Market Sizing
05: Market Segmentation by Product
06: Five Forces Analysis
07: Customer Landscape
08: Geographic Landscape
09: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
Table of Contents Available For this Market Download Free TOC : https://databridgemarketresearch.com/toc/?dbmr=global-grow-light-market
Market Segmentation: Global Grow Light Market
The global grow light market is segmented on the basis of spectrum into partial spectrum, and full spectrum. On the basis of installation, the global grow light market is segmented into new installation, and retrofit installation. On the basis of technology, the global grow light market is segmented into high-intensity discharge, fluorescent lighting, LED, and others. The high-intensity discharge segment is further sub-segmented into high-pressure sodium lamp, and metal–halide lamp. On the basis of geography, the global grow light market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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