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Light-emitting Diode (LED) Grow Lights Market 2020 Incremental Revenue About to Pick USD 3.53 billion During Forecast till 2024 | Global Industry Consumption, Supply, Demand Status by Top Countries

February 13, 2020 | About:

Light-emitting Diode (LED) Grow Lights Market Report shows the proficient data about industry size and share with respect to top manufacturers analysis like Advanced LED Grow Lights,Cree Inc.,General Electric Co.,GNUK Ltd.,Heliospectra AB,Illumitex Inc.,LumiGrow Inc.,OSRAM Licht AG,Senmatic AS,and Signify NV.

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Global “Light-emitting Diode (LED) Grow Lights” market growth prospects report shows market dynamics, industry size and shares over the coming years and discussion of the key manufacturers effective in this market. Light-emitting Diode (LED) Grow Lights market report focuses on the increase in future revenue and profitability with the help of insights into future opportunities, challenges, and critical success factors. The report aims to deliver an opportunity for companies to recognize the modern trends, present Light-emitting Diode (LED) Grow Lights market situation, government initiatives, and technologies related to the market.

Global Light-emitting Diode (LED) Grow Lights market size is estimated to grow at CAGR of over 25% with Revenue USD 3.53 billion during the forecast period 2020-2024. The "YOY (year-over-year) growth rate for 2020 is estimated at 21%" by the end of 2024.

Light-emitting Diode (LED) Grow Lights Market Overview:

Light-emitting Diode (LED) Grow Lights Market analysis considers sales from commercial greenhouses, vertical farming, and other applications. Our study also finds the sales of light-emitting diode (LED) grow lights in APAC, Europe, MEA, North America, and South America. In 2018, the commercial greenhouses segment had a significant market share. However, LED grow lights market growth in the greenhouse segment will be slower than the growth of the market in the vertical farming segment. Factors such as high demand for LED grow lights from greenhouse operators will play a significant role in the vertical farming segment to maintain its market position. Also, our global light-emitting diode (LED) grow lights market report looks at factors such as growth in indoor farming, need for energy-efficient and long-lasting grow light technology, and new product developments. However, high installation and setup costs, harmful effects of LED grow lights, and weight of LED grow lights may hamper the growth of the light-emitting diode (LED) grow lights industry over the forecast period.

Top Manufacturers of Light-emitting Diode (LED) Grow Lights Market Report Are:

  • Advanced LED Grow Lights
  • Cree Inc.
  • General Electric Co.
  • GNUK Ltd.
  • Heliospectra AB
  • Illumitex Inc.
  • LumiGrow Inc.
  • OSRAM Licht AG
  • Senmatic AS
  • and Signify NV.

Global Light-emitting Diode (LED) Grow Lights Market size is providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. The Global Light-emitting Diode (LED) Grow Lights market trends and marketing channels are analyzed in this study. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.

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Market Dynamics of Global Light-emitting Diode (LED) Grow Lights Market:

Drivers: Growth In Indoor Farming.

Trends: Use Of Artificial Intelligence In Led Grow Lights.

Opportunity: Harmful Effects Of Led Grow Lights.

Growth in indoor farming

There has been a growing scarcity of arable lands with increasing industrial development and urbanization. The need for indoor farming has increased due to the growing demand for food. The establishment of various facilities such as greenhouses, storage containers, refurbished warehouses, and other structures has eased the practice of indoor farming. There are various ways to produce crops indoors, including vertical farming, aquaponics, and hydroponics. This has led to high productivity in small areas. For instance, Signify NV launched its new Philips GreenPower LED toplighting with an optimized light spectrum for cut rose cultivation. This growth in indoor farming will lead to the expansion of the global light-emitting diode (LED) grow lights market at a CAGR of over 25% during the forecast period.

Use of artificial intelligence in LED grow lights

The demand for artificial intelligence in various fields has been growing. Artificial intelligence helps in discovering various environmental factors, which can affect plant growth during indoor farming. Indoor farming needs a controlled environment with the right amount of temperature, humidity, CO2 level, water, and light. AI-enabled LED grow lights are also helping end-users in saving electricity bills. Vendors such as Osram Light are manufacturing AI-enabled LED grow lights that not only regulates light input but also predicts crop diseases. This development is expected to have a positive impact on the overall market growth.

What Light-emitting Diode (LED) Grow Lights Market Report Delivers:

  • Comprehensive analysis of the global as well as regional markets of the Light-emitting Diode (LED) Grow Lights market.
  • Complete coverage of all the segments in the Light-emitting Diode (LED) Grow Lights market to analyze the trends, developments in the global market and forecast of market size up to 2024.
  • Comprehensive analysis of the companies operating in the global Light-emitting Diode (LED) Grow Lights market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
  • The growth matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

Important Regions Covered in the Light-emitting Diode (LED) Grow Lights Market:

  • Americas
  • APAC
  • EMEA

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List of Exhibits in Light-emitting Diode (LED) Grow Lights Market Report:

  • Exhibit 01: Prominent vendors and product offerings
  • Exhibit 02: Impact of drivers
  • Exhibit 03: Impact of drivers and challenges
  • Exhibit 04: Key countries in each region
  • Exhibit 05: Global Market shares by geographies 2020
  • Exhibit 06: Global Light-emitting Diode (LED) Grow Lights Market shares by geographies 2024
  • Exhibit 07: Geographical segmentation by revenue 2020

And Continued…

Detailed TOC of Light-emitting Diode (LED) Grow Lights Market Forecast Report 2020-2024:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value chain analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast 2019-2024
  • Market outlook

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY Product Type

  • Market segmentation by product
  • Comparison by product
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • Asia - Market size and forecast 2019-2024
  • ROW - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE

Click Here for Detailed TOC

Contact Us:

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Email: [email protected]

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