Grow lights or plant lights
are an artificial source of light that are designed to stimulate plant growth by the emission of an electromagnetic spectrum appropriate for photosynthesis.
This report identifies the
Grow lights market
size in terms of value for the year 2014-2016, and forecast of the same for year 2021. It highlights potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to grow lights market.
This report has been divided based on type which includes High Intensity Discharge (HID), Plasma, Fluorescent and Light Emitting Diode (LED).
This report also includes grow lights market in terms of its type of installation; namely new installation and retrofit installation. The report is also segmented on the basis of its application; namely Vertical Farming, Indoor Farming, Commercial Greenhouse and Others.
This report has been further segmented into major regions, which includes detailed analysis of each region such as Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets in each of the region.
Globally, demand for grow lights is expected to witness growth in the upcoming future due to the growing nature of end-user industries of grow lights as well as due to the increase in government support for usage of grow lights for farming and related activities. The major factor restraining the substantial growth of grow lights is the high cost associated with it. North America and Europe has the highest market shares by value in global grow lights market and Asia Pacific region is projected to have a significant growth during the forecast period due to increasing presence of end-use industries in the region.
This market research report includes in depth analysis of grow lights in each application and in the regional segment separately to provide in depth view of key insights and market scenario. Forecasts are also provided for all the market segments for the period 2016-2021.
This report also includes detailed profiling of following the major players operating in the global grow lights market:
- General Electric Company
- Osram Licht AG
- Gavita Holland B.V.
- Royal Philips Electronics N.V.
- Heliospectra AB