Grow Light Market Growth Analysis 2021-2028 With Top Companies | IWASAKI ELECTRIC, Illumitex, Hortilux Schréder, Hawthorne Gardening Company , AeroFarms

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The grow light market is expected to witness market growth at a rate of 23.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on grow light market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the technology for various applications is escalating the growth of grow light market.

A growing light or lamp refers to an electrical light that acts as an artificial supply of sunshine for accelerating plant growth. These lights tend to emit an electromagnetic wave within the actinic radiation spectrum simulating daylight for chemical action.

The rise in the adoption of indoor farming in urban areas acts as one of the major factors driving the growth of grow light market. The government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices and increase in popularity of grow light among farmers for producing same quality crops all year round irrespective of weather conditions accelerate the market growth. The rise in the investments in establishing vertical farms and greenhouses and related with the advanced technologies and increase in inclination for the light due to the benefits such as energy-efficiency and longer life over conventional lighting technologies, further influence the market. Additionally, urbanization, change of lifestyle and rise in acceptance of advanced technologies positively affect the grow light market. Furthermore, legalization of cannabis in different and integration of hardware, software, and data analytics platform for horticulture yield estimation and energy extend profitable opportunities to the market players in the forecast period of 2021 to 2028.

Grow Light Market Scope and Market Size

On the basis of offering, the grow light market has been into hardware, software and services.
On the basis of lighting type, the grow light market has been into top lighting and interlighting.
On the basis of installation type, the grow light market has been into new installations and retrofit installations.
On the basis of watt, the grow light market has been into 300 watts.
On the basis of cultivated plant, the grow light market has been into fruits and vegetables, flowers and cannabis.
On the basis of spectrum, the grow light market has been into full spectrum and limited spectrum.
On the basis of application, the grow light market has been into greenhouses, vertical farms, indoor farms, research and tissue culture laboratories.
On the basis of sales channel, the grow light market has been into distribution channels, e-commerce channels and direct sales channels.

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The countries covered in the global grow light market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America dominates the grow light market due to the high use to support the crop growth in the absence of natural sunlight within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the increase in use for several industrial purposes in the region.

Leading Key Players Operating in the Grow Light Market Includes:

The major players covered in the grow light market report are IWASAKI ELECTRIC CO., LTD, Illumitex Inc., Hortilux Schréder B.V., Hawthorne Gardening Company , AeroFarms,  Gavita International B.V. , Advanced Lighting Technologies, LLC , Hydrofarm LLC.,  Signify Holding., GENERAL ELECTRIC COMPANY , OSRAM GmbH,  LumiGrow., Heliospectra AB ,   InduLux Technologies.,  Platinum LED Lights LLC, Valoya , Thrive Agritech, EarthLED.com, and US LED, Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Scope of the Study:

Grow Light Market revenue forecasts across three post-COVID pandemic case scenarios, 2021- 2028
Grow LightGrow Light market size outlook by type, 2021- 2028
Grow LightGrow Light market size outlook by application segment, 2021- 2028
Grow LightGrow Light market outlook of 15 countries, 2021- 2028
Strategies, Trends, Drivers, and Risks facing Grow Light companies
Company profiles of leading five players in Grow Light industry
Market News and Developments

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