Indoor LED Grow Lights Market 2021 Industry Growth and Product Scope 2027 Top Players as Philips, Osram, GE Lighting, Illumitex, Senmatic

The “Indoor LED Grow Lights” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.

“The Indoor LED Grow Lights Market is predicted to register a CAGR of 26.95% over the forecast period 2021 – 2027.”

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Market Overview

An increasing number of plant factories, need for sustainable development, and rise in urban agriculture are current catalysts for the grow lights market.Fresh and nutritious vegetables, beautiful floral arrangements, fragrant herbs, etc., are in demand all year round, and it has become easier at the touch of a button with the pervasiveness of e-commerce. Indoor farming represents the largest market share, with the availability of affordable yet fashionable grow lights.
The rise in farming companies across the world is driving global investments towards technology providers for the industry. The propensity towards high-tech farming solutions such as vertical farming is attracting investment; in July 2019, vertical farming start up InFarm raised USD 100 million in its series B funding led by Atomico. ​

Indoor LED Grow Lights market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.

The Indoor LED Grow Lights market is often split supported product types, major applications, and important countries as follows:

Key Competitors of the Indoor LED Grow Lights market is: Philips, Osram, GE Lighting, Illumitex, Senmatic, Lumigrow, Kind LED Grow Lights, California LightWorks, Spectrum King, Valoya, Weshine, Apollo Horticulture, Cidly, Heliospectra AB, LEDHYDROPONICS, Ohmax Optoelectronic

Major Types covered are:

High Power (?300W)

Low Power (?300W)

Major Applications covered are:

Commercial Greenhouses

Research Applications

Others

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Competitive Landscape

June 2019 - Everlight Electronics Co. Ltd announced new horticulture, UV (UVA&UVC) and general lighting products in Guangzhou International Lighting Exhibition. The new grow light PC Red is packed in 2835 and 3030, once replacing Royal Blue & Deep red and new high-power LED in 660nm (2W, 700mA) can reach over WPE 70%.​
March 2019 - Signify, the world leader in lighting, used the Philips GreenPower LED production module range to provide the Japanese food supplier, Prime Delica, the capability to grow high-quality lettuce varieties, spinach, and coriander all year round.

Key Market Trends

Indoor Farming Expected to Witness Significant Market Share

Indoor farming operations done in a large scale require to grow lights that can completely replace direct sunlight by mimicking the same. In some applications, they can even outperform sunlight. Grow lights for indoor cultivating constitute of three essential types namely fluorescent lights, HPS or HID develop lights, and LED grow lights.​
The technological advancements in the field of grow lights and affordable gardening systems are some of the factors augmenting the growth of the market with about one-third of the millennia growing herbs, indoors.​

Regional market Indoor LED Grow Lights (regional production, demand and forecast by country):

Asia-Pacific Expected to Witness Significant Growth

The Asia-Pacific region is one of the fastest-growing regions for grow lights. The rapid increases in urban agriculture, such as vertical farming, greenhouses, and growth chambers are fueling the demand for growth light in the region. Countries like Japan, Taiwan, and China are the major sources of demand for grow lights in the region and are estimated to stay so over the forecast period.​
Traditionally, Japan was the primary source of demand for grow lights, owing to high technological advances in the urban farming technology of the country. In Japan, the urban agriculture establishments are addressed as plant factories and the country’s largest plant factory is capable of producing more than 20,000 heads of lettuce in a day, in just over a 3000-square-meter facility.

North America (United States, Canada, Mexico)

South America (Brazil, Argentina, Ecuador, Chile)

Asia Pacific (China, Japan, India, Korea)

Europe (Germany, UK, France, Italy)

Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.

The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.

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Report Features:

To project the worth and sales volume of the Indoor LED Grow Lights market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global Indoor LED Grow Lights market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the Indoor LED Grow Lights market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).

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