Insights of the Global LED Grow Light Market to 2030

DUBLIN, September 22, 2021 / PRNewswire / – LED Grow Lights by Wattage, Spectrum, Installation Type, and Application: Global Opportunity Analysis and Industry Forecast 2021-2030 report has been added to ResearchAndMarkets.com.

The global LED Grow Light Market size has been increased to. estimated $ 1.28 billion in 2020 and is expected to be achieved $ 12.32 billion by 2030 with a CAGR of 28.2% from 2021 to 2030. LED grow lights are special full spectrum LEDs that aid photosynthesis and allow plants to grow with little or no sunlight. This makes it ideal for all types of indoor plants and as additional lighting for outdoor and greenhouse plants.

Some of the main drivers of the LED grow light industry are the benefits it offers, such as high controllability and efficiency, as well as the increasing acceptance of vertical farming. It is estimated that these factors are driving market growth rapidly during the forecast period. However, high initial investments and a lack of standardization are a major obstacle to the growth of the LED grow light market. The conflicting legalization of cannabis creates lucrative opportunities for market growth over the forecast period.

The LED Grow Light Market is segmented by watt, spectrum, installation type, application, and region. Based on the wattage, it will turn into a low power (< 100 W), medium power (100-300 W), and high power (>300W). Based on the spectrum, the market is divided into narrow and wide. Depending on the type of installation, the market is divided into new installations and retrofits. Both the new installation and the retrofitting are further divided into remote and touch.

By application, the market is segmented into indoor farming, commercial greenhouse, vertical farming, lawn and landscaping, research, and others. With respect to the region, it analyzes the LED grow light market trends North America (the USA, Canada, and Mexico), Europe (the UK, Germany, France, Italy, and the rest Europe), Asia Pacific (China, Japan, India, South Korea, and the rest Asia Pacific) and LAMEA (Latin America, the middle East, and Africa).

Major players in the LED grow light market include Black Dog Grow Technologies Inc. (USA), Bridgelux Inc. (USA), CreeLED Inc. (USA), EVERLIGHT Electronics Co. Ltd. (Taiwan), Heliospectra AB (Sweden), Lumigrow Inc. (USA), OSRAM GmbH (Germany), Samsung Electronics Co. Ltd. (South Korea), Savant Systems Inc. (USA) and Signify Holding (Netherlands).

Key topics covered:

Chapter 1 Introduction

CHAPTER 2: Executive Summary

CHAPTER 3: Market Overview
3.1. Market definition and scope
3.2. Key forces shaping the LED grow light market
3.3. Market dynamics
3.3.1. driver
3.3.1.1. LED grow lights are more efficient
3.3.1.2. LED grow lights offer a high level of controllability
3.3.1.3. Increase in the acceptance of vertical farming
3.3.2. Reluctance
3.3.2.1. Lack of standardization
3.3.2.2. High initial investment
3.3.3. Opportunities
3.3.3.1. Legalization of cannabis
3.4. COVID-19 Impact Analysis in the LED Grow Lights Market
3.4.1. Influence on the market size
3.4.2. End user trends, preferences and budget impact
3.4.3. Key player strategy
3.4.3.1. Limited investment in R&D
3.4.3.2. Focus on next generation products
3.4.3.3. Switching to an agile supply chain model

CHAPTER 4: LED Grow Lights Market by Wattage
4.1. overview
4.2. Low power (<100 W)
4.2.1. Important market trends, growth factors and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country
4.3. Medium power (100-300 W)
4.3.1. Important market trends, growth factors and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country
4.4. High performance (> 300 W)
4.4.1. Important market trends, growth factors and opportunities
4.4.2. Market size and forecast by region
4.4.3. Market analysis by country

CHAPTER 5: LED Grow Lights Market by Spectrum
5.1. overview
5.2. Constrict
5.2.1. Important market trends, growth factors and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country
5.3. Wide
5.3.1. Important market trends, growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country

CHAPTER 6: LED Grow Lights Market by Installation Type
6.1. overview
6.2. New installation
6.2.1. Important market trends, growth factors and opportunities
6.2.2. remote control
6.2.3. Touch
6.2.4. Market size and forecast by region
6.2.5. Market analysis by country
6.3. Retrofitting
6.3.1. Important market trends, growth factors and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market analysis by country

CHAPTER 7: LED Grow Lights Market By Application
7.1. overview
7.2. Indoor farming
7.2.1. Important market trends, growth factors and opportunities
7.2.2. Market size and forecast by region
7.2.3. Market analysis by country
7.3. Commercial greenhouse
7.3.1. Important market trends, growth factors and opportunities
7.3.2. Market size and forecast by region
7.3.3. Market analysis by country
7.4. Vertical farming
7.4.1. Important market trends, growth factors and opportunities.
7.4.2. Market size and forecast by region
7.4.3. Market analysis by country
7.5. Lawn and landscaping
7.5.1. Important market trends, growth factors and opportunities.
7.5.2. Market size and forecast by region
7.5.3. Market analysis by country
7.6. research
7.6.1. Important market trends, growth factors and opportunities.
7.6.2. Market size and forecast by region
7.6.3. Market analysis by country
7.7. Other
7.7.1. Important market trends, growth factors and opportunities
7.7.2. Market size and forecast by region
7.7.3. Market analysis by country

CHAPTER 8: LED Grow Lights Market by Region

CHAPTER 9: Competitive Landscape
9.1. introduction
9.1.1. Positioning of the main players, 2020
9.2. Competition dashboard
9.3. Competitive heat map
9.4. Top winning strategies
9.4.1. Top winning strategies by year
9.4.2. Top winning strategies by development
9.4.3. Top winning strategies by company

CHAPTER 10: Company Profiles
10.1. Black Dog Grow Technologies Inc.
10.1.1. Company overview
10.1.2. Important executives
10.1.3. Corporate snapshot
10.1.4. Product portfolio
10.2. Bridgelux, Inc. (China Electronics Corporation & ChongQing Linkong Development Investment Company)
10.2.1. Company overview
10.2.2. Important executives
10.2.3. Corporate snapshot
10.2.4. Product portfolio
10.3. CreeLED, Inc. (SMART Global Holdings, Inc.)
10.3.1. Company overview
10.3.2. Important executives
10.3.3. Corporate snapshot
10.3.4. Operational business areas
10.3.5. Product portfolio
10.3.6. R&D expenditure
10.3.7. Business performance
10.3.8. Important strategic steps and developments
10.4. EVERLIGHT Electronics Co., Ltd.
10.4.1. Company overview
10.4.2. Important executives
10.4.3. Corporate snapshot
10.4.4. Product portfolio
10.4.5. R&D expenditure
10.4.6. Business performance
10.4.7. Important strategic steps and developments
10.5. Heliospectra AB
10.5.1. Company overview
10.5.2. Important executives
10.5.3. Corporate snapshot
10.5.4. Operational business areas
10.5.5. Product portfolio
10.5.6. Business performance
10.5.7. Important strategic steps and developments
10.6. Lumigrow, Inc.
10.6.1. Company overview
10.6.2. Important executives
10.6.3. Corporate snapshot
10.6.4. Product portfolio
10.6.5. Important strategic steps and developments
10.7. OSRAM GmbH
10.7.1. Company overview
10.7.2. Important executives
10.7.3. Corporate snapshot
10.7.4. Operational business areas
10.7.5. Product portfolio
10.7.6. R&D expenditure
10.7.7. Business performance
10.7.8. Important strategic steps and developments
10.8. Samsung Electronics Co. Ltd.
10.8.1. Company overview
10.8.2. Important executives
10.8.3. Snapshot of the company.
10.8.4. Operational business areas
10.8.5. Product portfolio
10.8.6. R&D expenditure
10.8.7. Business performance
10.8.8. Important strategic steps and developments
10.9. Savant Systems, Inc.
10.9.1. Company overview
10.9.2. Important executives
10.9.3. Corporate snapshot
10.9.4. Product portfolio
10.9.5. Important strategic steps and developments
10.10. Keep
10.10.1. Company overview
10.10.2. Important executives
10.10.3. Corporate snapshot
10.10.4. Operational business areas
10.10.5. Product portfolio
10.10.6. R&D expenditure
10.10.7. Business performance
10.10.8. Important strategic steps and developments

Please visit https://www.researchandmarkets.com/r/3svzue for more information on this report

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