Horticultural LED Lighting Market Trends Shows a Steady CAGR Growth to 2023

Horticultural LED Lighting Market Report offers an inclusive and decision-making overview, including definitions, classifications and its applications. The Horticultural LED Lighting Market is anticipated to reflect a positive growth trend in forthcoming years. The essential driving forces behind the growth and popularity of Horticultural LED Lighting Market is analyzed detailed in this report.

Horticultural LED Lighting market is composed of light-emitting diodes, usually in a casing with a heat sink and built-in fans. Horticultural LED Lights do not usually require separate ballast and can be plugged directly into a standard electrical socket. Horticultural LED Lighting can act as daylight in the absence of sunlight, so that plants can be normal or better growth and development. Horticultural LED Lights have strong roots, encourage, adjust the flowering, color, to promote fruit ripening, color, and enhance the taste and quality of the role.

As for the horticultural LED lighting industry, the industry structure is relatively concentrated. The top 5 manufacturers occupied 41.67% of market share in 2016. The top 3 manufacturers are Philips, Osram and General Electric. The Philips which has 12.95% market share in 2016 is the leader in the LED Grow Lights industry. The manufacturers following Philips are Osram and Everlight Electronics which respectively has 9.62% and 9.00% market share in 2016.

Europe is the largest sales region for horticultural LED lighting which the number is about 1163K units with the market share of 32.24% in 2016. North America is the second largest sales region of horticultural LED lighting sales about 1116K Unit.

We believe horticultural LED lighting industry have lot connection with the upstream raw materials. With the development agriculture and LED light industry we tend to believe the future of horticultural LED lighting will be optimism.

This report focuses on the top Manufacturers and players in global market are given bellow:-

Philips, Osram, Everlight Electronics, Hubbell Lighting, Cree, General Electric, Gavita, Kessil, Fionia  Lighting, Illumitex, Lumigrow, Valoya, Cidly, Heliospectra AB, Ohmax Optoelectronic.

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Over the next five years, Horticultural LED Lighting will register a xx% CAGR in terms of revenue, reach US$ 940 million by 2023, from US$ 940 million in 2017.

Segmentation by product type:

    Low Power (?300W)

    High Power (?300W)

Segmentation by application:

    Commercial Greenhouse

    Indoor and Vertical Farming

    R&D

Horticultural LED Lighting as a wide bag type, mainly used in building materials, cement, food, animal food, chemical and other fields. Horticultural LED Lightings are suitable for assembly line automatic filling. After filling the stacking is neatly and packing the highest volume rate. In addition, the stimulations of the state to the real estate as well as the environmental policy requirements, the Horticultural LED Lightings have the trend to replace other type bags in these key applications. Conservative forecast data is based on the actual situation to make the forecast to the next few years. Optimistic forecast data take into account the factors that the state strengthens policy to stimulate the potential demand for the market.

Market Segment by Regions, regional analysis covers

North America

United States, Canada, Mexico

Asia-Pacific

China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific

Europe

Germany, France, UK, Italy, Spain, Russia, Rest of Europe

Central & South America

Brazil, Argentina, Rest of South America

Middle East & Africa

Saudi Arabia, Turkey, Rest of Middle East & Africa

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The study objectives of this report are:

To analyze and study the global Horticultural LED Lighting sales, value, status (2013-2017) and forecast (2018-2023);

To analyze the top players in North America, Europe, China, Japan, Southeast Asia and India, to study the sales, value and market share of top players in these regions.

Focuses on the key Horticultural LED Lighting players, to study the sales, value, market share and development plans in future.

Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.

To define, describe and forecast the market by type, application and region.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends and factors driving or inhibiting the market growth.

To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

To strategically analyze each submarket with respect to individual growth trend and their contribution to the market

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.

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