DUBLIN, Sept. 22, 2021 /PRNewswire/ -- The "LED Grow Lights Market By Wattage, Spectrum, Installation Type and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global LED grow lights market size was valued at $1.28 billion in 2020, and is projected to reach $12.32 billion by 2030, registering a CAGR of 28.2% from 2021 to 2030. LED grow lights are specialized LEDs with a full spectrum designed to aid in photosynthesis and allow plants to grow with little or no sunlight. This makes it ideal for all types of indoor plants and for supplemental lighting for outdoor and greenhouse plants.Some of the major drivers of the LED grow lights industry are benefits offered by it such as high controllability, and higher efficiency, and rise in adoption of vertical farming. These factors are estimated to propel the market growth rapidly during the forecast period. However, high initial investment, and lack of standardization acts as a major barrier for the LED grow lights market growth. Contradictory, legalization of cannabis creates lucrative opportunities for the market growth during the forecast period.The LED grow lights market is segmented into wattage, spectrum, installation type, application, and region. On the basis of wattage, it is fragmented into low power (< 100 W), medium power (100-300 W), and high power (>300 W). On the basis of spectrum, the market is segregated into narrow, and broad. By installation type, the market is divided into new installation, and retrofit. Both the new installation and retrofit are further bifurcated into remote and touch.By application, the market is divided into indoor farming, commercial greenhouse, vertical farming, turf and landscaping, research, and others. Region-wise, the LED grow lights market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific ( China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA ( Latin America, the Middle East, and Africa).
The key players operating in the LED grow lights market include Black Dog Grow Technologies Inc. (U.S.), Bridgelux Inc. (U.S.), CreeLED Inc. (U.S.), EVERLIGHT Electronics Co. Ltd. ( Taiwan), Heliospectra AB ( Sweden), Lumigrow Inc. (U.S.), OSRAM GmbH ( Germany), Samsung Electronics Co. Ltd. ( South Korea), Savant Systems Inc. (U.S.), and Signify Holding ( Netherlands).
Key Topics Covered: Chapter 1: Introduction CHAPTER 2: Executive Summary CHAPTER 3: Market Overview3.1. Market definition and scope3.2. Key forces shaping LED grow lights market3.3. Market dynamics3.3.1. Drivers220.127.116.11. LED grow lights offer higher efficiency18.104.22.168. LED grow lights offers high controllability22.214.171.124. Rise in adoption of vertical farming3.3.2. Restraint126.96.36.199. Lack of standardization188.8.131.52. High initial investment3.3.3. Opportunities184.108.40.206. Legalization of cannabis3.4. COVID-19 impact analysis on the LED grow lights market3.4.1. Impact on market size3.4.2. End user trends, preferences, and budget impact3.4.3. Key player strategy220.127.116.11. Limited investments for R&D18.104.22.168. Focus on next-generation products22.214.171.124. Shift toward agile supply chain model CHAPTER 4: LED Grow Lights Market, By Wattage4.1. Overview4.2. Low Power (< 100 W)4.2.1. Key market trends, growth factors, and opportunities4.2.2. Market size and forecast, by region4.2.3. Market analysis, by country4.3. Medium Power (100-300 W)4.3.1. Key market trends, growth factors, and opportunities4.3.2. Market size and forecast, by region4.3.3. Market analysis, by country4.4. High Power (>300 W)4.4.1. Key market trends, growth factors, and opportunities4.4.2. Market size and forecast, by region4.4.3. Market analysis, by country CHAPTER 5: LED Grow Lights Market, By Spectrum5.1. Overview5.2. Narrow5.2.1. Key market trends, growth factors, and opportunities5.2.2. Market size and forecast, by region5.2.3. Market analysis, by country5.3. Broad5.3.1. Key market trends, growth factors, and opportunities5.3.2. Market size and forecast, by region5.3.3. Market analysis, by country CHAPTER 6: LED Grow Lights Market, By Installation Type6.1. Overview6.2. New installation6.2.1. Key market trends, growth factors, and opportunities6.2.2. Remote6.2.3. Touch6.2.4. Market size and forecast, by region6.2.5. Market analysis, by country6.3. Retrofit6.3.1. Key market trends, growth factors, and opportunities6.3.2. Market size and forecast, by region6.3.3. Market analysis, by country CHAPTER 7: LED Grow Lights Market, By Application7.1. Overview7.2. Indoor farming7.2.1. Key market trends, growth factors, and opportunities7.2.2. Market size and forecast, by region7.2.3. Market analysis, by country7.3. Commercial greenhouse7.3.1. Key market trends, growth factors, and opportunities7.3.2. Market size and forecast, by region7.3.3. Market analysis, by country7.4. Vertical farming7.4.1. Key market trends, growth factors, and opportunities.7.4.2. Market size and forecast, by region7.4.3. Market analysis, by country7.5. Turf and landscaping7.5.1. Key market trends, growth factors, and opportunities.7.5.2. Market size and forecast, by region7.5.3. Market analysis, by country7.6. Research7.6.1. Key market trends, growth factors, and opportunities.7.6.2. Market size and forecast, by region7.6.3. Market analysis, by country7.7. Others7.7.1. Key market trends, growth factors, and opportunities7.7.2. Market size and forecast, by region7.7.3. Market analysis, by country CHAPTER 8: LED Grow Lights Market, By Region CHAPTER 9: Competitive Landscape9.1. Introduction9.1.1. Key player positioning, 20209.2. Competitive dashboard9.3. Competitive heatmap9.4. Top winning strategies9.4.1. Top winning strategies, by year9.4.2. Top winning strategies, by development9.4.3. Top winning strategies, by company CHAPTER 10: Company Profiles10.1. Black Dog Grow Technologies Inc.10.1.1. Company overview10.1.2. Key executives10.1.3. Company snapshot10.1.4. Product portfolio10.2. Bridgelux, Inc. (China Electronics Corporation & ChongQing Linkong Development Investment Company)10.2.1. Company overview10.2.2. Key executives10.2.3. Company snapshot10.2.4. Product portfolio10.3. CreeLED, Inc. (SMART Global Holdings, Inc.)10.3.1. Company overview10.3.2. Key executives10.3.3. Company snapshot10.3.4. Operating business segments10.3.5. Product portfolio10.3.6. R&D expenditure10.3.7. Business performance10.3.8. Key strategic moves and developments10.4. EVERLIGHT Electronics Co., Ltd.10.4.1. Company overview10.4.2. Key executives10.4.3. Company snapshot10.4.4. Product portfolio10.4.5. R&D expenditure10.4.6. Business performance10.4.7. Key strategic moves and developments10.5. Heliospectra AB10.5.1. Company overview10.5.2. Key executives10.5.3. Company snapshot10.5.4. Operating business segments10.5.5. Product portfolio10.5.6. Business performance10.5.7. Key strategic moves and developments10.6. Lumigrow, Inc.10.6.1. Company overview10.6.2. Key executives10.6.3. Company snapshot10.6.4. Product portfolio10.6.5. Key strategic moves and developments10.7. OSRAM GmbH10.7.1. Company overview10.7.2. Key executives10.7.3. Company snapshot10.7.4. Operating business segments10.7.5. Product portfolio10.7.6. R&D expenditure10.7.7. Business performance10.7.8. Key strategic moves and developments10.8. Samsung Electronics Co. Ltd.10.8.1. Company overview10.8.2. Key executives10.8.3. Company snapshot.10.8.4. Operating business segments10.8.5. Product portfolio10.8.6. R&D expenditure10.8.7. Business performance10.8.8. Key strategic moves and developments10.9. Savant Systems, Inc.10.9.1. Company overview10.9.2. Key executives10.9.3. Company snapshot10.9.4. Product portfolio10.9.5. Key strategic moves and developments10.10. Signify Holding10.10.1. Company overview10.10.2. Key executives10.10.3. Company snapshot10.10.4. Operating business segments10.10.5. Product portfolio10.10.6. R&D expenditure10.10.7. Business performance10.10.8. Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/3svzue
Research and Markets Laura Wood, Senior Manager email@example.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1904 Fax (outside U.S.): +353-1-481-1716
View original content: https://www.prnewswire.com/news-releases/insights-on-the-led-grow-lights-global-market-to-2030---featuring-black-dog-grow-technologies-bridgelux-and-lumigrow-among-others-301383101.html
SOURCE Research and Markets