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Horticultural LED Lighting Market to Witness Robust Expansion by 2024– Top Key players like Philips,Osram,Cree,Inc.
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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.
The worldwide market for Horticultural LED Lighting is expected to grow at a CAGR of roughly xx% over the next five years, will reach 940 million US$ in 2024, from 940 million US$ in 2019, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Philips
Osram
Everlight Electronics
Hubbell Lighting
Cree
General Electric
Gavita
Kessil
Fionia Lighting
Illumitex
Lumigrow
Valoya
Cidly
Heliospectra AB
Ohmax Optoelectronic
Market Segment by Type, covers
Low Power (＜300W)
High Power (≥300W)
Market Segment by Applications, can be divided into
Commercial Greenhouse
Indoor and Vertical Farming
R&D
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Related Information:
North America Horticultural LED Lighting Market Growth 2019-2024
United States Horticultural LED Lighting Market Growth 2019-2024
Asia-Pacific Horticultural LED Lighting Market Growth 2019-2024
Europe Horticultural LED Lighting Market Growth 2019-2024
EMEA Horticultural LED Lighting Market Growth 2019-2024
Global Horticultural LED Lighting Market Growth 2019-2024
China Horticultural LED Lighting Market Growth 2019-2024
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