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Plants LED Grow Light Market Report To Examine Manufacturing Cost Analysis, Marketing Channel, Opportunities and Forecast 2021–2027
The Global Plants LED Grow Light Market 2021 by Regions, Type, and Application, forecast to 2027 research report is a comprehensive, methodical, and all-encompassing examination of the industry. The study's goal is to help key vendors, organisations, and end-users in the industry better grasp the benefits and complete features of market segments. It examines market dynamics and gives an overview to aid in the definition, categorization, and statistical analysis of markets. The present condition of the worldwide Plants LED Grow Light market, as well as its future prospects.In accordance with the Plants LED Grow Light market is set to grow at a CAGR of 28.8% over the forecast period (2021-2027).
The report's authors used a unique and industry-leading research and analysis technique to conduct an in-depth analysis of the worldwide Plants LED Grow Light market. From 2021 through 2027, this study anticipates demand, trends, and revenue growth at regional and country levels, as well as an examination of industry trends in each of the sub-segments.
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In the worldwide market, there are a number of important and rising Plants LED Grow Light market Key players:
Philips, Osram, General Electric, Easy Agricultural, Illumitex, Fionia Lighting, Lumigrow, Kind LED Grow Lights, California LightWorks, Spectrum King Grow Lights, Valoya, Weshine, Apollo Horticulture, Kessil, Cidly, Heliospectra AB, LEDHYDROPONICS, Ohmax Optoelectronic, Zhicheng
Recent Developments
In September 2020, Valoya has expanded its RX-Series line of greenhouse LEDs with two new models – RX500 and RX600. The new models can be used as true 1-to-1 HPS replacements and it can produce up to the staggering 1700 µmol/s of uniform light output. The high light intensity they produce enables them to be positioned high above the canopy, as much as 4 meters above it.
In August 2020, Signify signed an agreement with Yunnan AiBiDa Greenhouse Technology Co., Ltd (China), a greenhouse floriculture production company. Through this agreement, the company aims to expand Philips horticulture research partner network in China and serve its Chinese floriculture business.
In March 2020, Signify acquired Cooper Lighting Solutions (US), a leading provider of professional lighting, lighting controls, and connected lighting, from Eaton. Eaton is a leading provider of professional lighting, lighting controls, and connected lighting. With this acquisition, the company can strengthen its position in the North American market.
In January 2020, Heliospectra AB received a contract to offer MITRA LED lighting solutions to Nectar Farms in Victoria (Australia). This solution will enable Nectar Farms to scale glasshouse tomato production.
In May 2019, Heliospectra showcased new innovative LED lighting solutions at Greentech. Along with its MITRA series, the company also showcased its helioCORE light control system and vertical farming application-based SIERA light bar solution.
Market segment by Type, covers:
Commercial Greenhouses
Indoor Grow Facilities
Research Applications
The application covered in the report include:
High Power (?300W)
Low Power (?300W)
Market Overview:
The Plants LED Grow Light market is projected to grow from USD 1.2 billion in 2021 to USD 4.9 billion by 2027, at a CAGRduring the forecast period. Key factors driving the Plants LED Grow Light market growth includes increasing government support for the adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices, growing investments in projects related to vertical farms and greenhouses, ongoing legalization of cultivation in different regions acroos the globe, and rising adoption of indoor farming in urban areas.
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Europe projected to register largest market share of the Plants LED Grow Light market from 2021 to 2027
Europe is projected to register largest market share of the grow lights market during the forecast period. The growth of the market in this region can be attributed to the fact that the region has the strongest economies in the world, along with flourishing industries that lead to increased capital investment capabilities. This region has been using grow light systems for the past few decades to grow plants in commercial greenhouses. The use of grow light in this region is gradually increasing from being a supplemental lighting source to becoming the primary source of light in indoor operations.
Regional Outlook:
This research report focuses on Plants LED Grow Light market volume and value at regional Opportunity and company Trends From a global perspective, this report Study represents overall market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: Americas, Europe, Asia-Pacific, Middle East & Africa and ROW.
Europe would enjoy the second spot where several factors like automation and better technical inclusion and Scope. The Asia Pacific region has better prospect in growing with a high CAGR in the coming years as the regional market would witness several changes in the infrastructure.
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Table of Contents: Plants LED Grow Light Market
Chapter 1: Global Plants LED Grow Light Market Overview
Chapter 2: Economic Impact on Industry
Chapter 3: Plants LED Grow LightMarket Competition by Manufacturers
Chapter 4: Production, Revenue (Value) by Region
Chapter 5: Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Plants LED Grow Light Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Plants LED Grow Light Market Effect Factors Analysis
Chapter 12: Research Conclusions of Global Plants LED Grow Light Market
Impact of COVID-19:
The COVID-19 epidemic has impacted markets and customer behaviour in a short period of time, and it is having a significant influence on economies and society. With offices, educational institutions, and manufacturing facilities closed indefinitely, big sports and events postponed, and work-from-home and social distance rules in place, businesses are increasingly seeking technology to assist them to get through these trying times. The COVID-19 epidemic is wreaking havoc on companies all around the world.
Report Customization:
The Global Plants LED Grow Light Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide 25% customization for any of our MID reports at no additional cost to all of our clients.
About Us:
Market intelligence data is a global front-runner in the research industry, offering contextual and data-driven research services to customers. Customers are supported in creating business plans and attaining long-term success in their respective marketplaces by the organization. The industry provides consulting services, Market Intelligence Data research studies, and customized research reports.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
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