Grow Lights Market 2020-2025: Signify Holding, General Electric Company, Osram GmbH, Gavita International B. V, Helliospectra AB, Iwasaki Electric Co ltd, Illumitex, Hortilux Schreder, California Lightworks, Zuzi Technology and Others.

According to Market Study Report, Grow Lights Market provides a comprehensive analysis of the Grow Lights Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry.This report also provides market landscape and market share information in the Grow Lights Market.

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The Grow Lights Market is projected to reach USD 2.5 Billion in 2025 from USD 1.0 Billion in 2020, at CAGR of 19.9%. This report spread across 139 pages, profiling 10 companies and supported with 61 tables and 50 figures are now available in this research.

Top Key Players Profiled in the Grow Lights Market:
o Signify Holding (Netherlands)
o General Electric Company (US)
o Osram GmbH (Germany)
o Gavita International B. V. (Netherlands)
o Helliospectra AB (Sweden)
o Iwasaki Electric Co. Ltd. (Japan)
o Illumitex (US)
o Hortilux Schreder (Netherlands)
o California Lightworks (US)
o Zuzi Technology (China)
o AeroFarms (US)
o Emium LLC (US)
o InduLux Technologies (Canada)
o Valoya (Finland)
o Kessil (US)
o Thrive Agritech (US)
o VividGro (US)
o Bowery Farming Inc. (US)
o Metropolis Farms (US)
o Crop One Holdings (US)

"New installations to hold larger share of grow lights market during forecast period"
The demand for fresh horticultural produce is increasing with the growing population. This is expected to encourage growers to set up new greenhouses and expand their existing production facilities to cultivate higher yield each year. The emergence of vertical farms, particularly in urban settings, is also contributing to the overall increase in horticultural output.

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"Among all applications, commercial greenhouses held largest share of grow lights market in 2019"
The commercial greenhouse accounted for the largest share of nearly 47% of the grow lights market, by application, in 2019. Commercial greenhouses have witnessed increased automation in the last decade, and the concept of controlled environment agriculture (CEA) is being implemented in greenhouses to maintain optimum growing conditions and obtain a higher yield.

"Europe to hold largest share of grow lights market during forecast period"
Europe is expected to continue to dominate the grow lights market during the forecast period. This region has been using grow light systems for the past few decades in controlled environment agriculture (CEA) such as greenhouses, vertical farming, and indoor farming. The use of grow lights in this region is gradually increasing; from being a supplemental lighting source, grow lights are becoming the primary source of light in indoor farming operations.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 = 35%, Tier 2 = 45%, and Tier 3 = 20%
o By Designation: C-level Executives = 40%, Directors = 25%, and Others = 35%
o By Region: North America = 40%, Europe = 30%, APAC = 20%, and RoW = 10%

Competitive Landscape of Grow Lights Market:
1 Overview
2 Ranking Analysis Of Key Players In Grow Lights Market
3 Competitive Situations And Trends
3.1 Product Launches And Developments
3.2 Contracts
3.3 Collaborations
4 Competitive Leadership Mapping, 2019
4.1 Visionary Leaders
4.2 Dynamic Differentiators
4.3 Innovators
4.4 Emerging Companies

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Reason to access this report:
o This report includes statistics pertaining to the grow lights market in terms of watt, lighting type, installation type, offering, application, geography, along with their respective market sizes.
o Major drivers, restraints, opportunities, and challenges for the grow lights market have been provided in detail in this report.
o The report includes illustrative segmentation, analysis, and forecast for the grow lights market based on its segments and sub segments.

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