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市場調査レポート
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1252558

グローライトの世界市場：提供製品/サービス別 (ハードウェア、ソフトウェア、サービス)・ワット数別・スペクトル別・栽培植物別・照明の種類別・光源別・設置方式別・販売チャネル別・用途別 (温室、屋内農業、垂直農業)・地域別の将来予測 (2028年まで)

Grow Lights Market by Offering (Hardware, Software, Services), Watt, Spectrum, Cultivated Plant, Lighting Type, Light Source, Installation Type, Sales Channel, Application (Greenhouse, Indoor Farm, Vertical Farm) and Region - Global Forecast to 2028
出版日: | 発行: MarketsandMarkets | ページ情報: 英文 249 Pages | 納期: 即納可能 即納可能とは

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=155.76円
グローライトの世界市場：提供製品/サービス別 (ハードウェア、ソフトウェア、サービス)・ワット数別・スペクトル別・栽培植物別・照明の種類別・光源別・設置方式別・販売チャネル別・用途別 (温室、屋内農業、垂直農業)・地域別の将来予測 (2028年まで)
出版日: 2023年03月27日
発行: MarketsandMarkets
ページ情報: 英文 249 Pages
納期: 即納可能 即納可能とは
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  • 概要
  • 目次
概要

世界のグローライトの市場規模は、2022年に15億米ドル、2028年には72億米ドルに達すると予測されており、予測期間中に30.7%のCAGRで成長する見通しです。

天候に左右されずに一年中同じ品質の作物を生産できるLEDグローライトの高い潜在能力が、グローライト市場の成長を促進していますが、LEDグローライトの設置コストの高さが、グローライト市場の成長を抑制しています。

"ソフトウェア・サービス分野が予測期間中、より高いCAGRで成長する"

提供製品/サービス別では、ソフトウェア・サービス分野が予測期間中に35.1%と最も高いCAGRを達成すると予想されています。植物の品質向上や収量最大化に必要な最適な照明環境を構築・維持するために、グローライトシステムにはさまざまな種類のソフトウェアソリューションが使用されています。また、整備・修理サービスも提供されています。

"ワット数別では、300ワット以上のセグメントがより高いCAGRで成長を記録"

300W以上のセグメントは、予測期間中に31.9%という高いCAGRを経験すると予想されます。300W以上のグローライトは、各種の栽培室、特にテント内での過熱のリスクを引き起こすことなく、特定の植物に特定の種類の光を集中的に与えるのに理想的に適しています。例えば、レタスやその他の葉物野菜、ハーブ、柔らかい果物、若い植物などの多層作物栽培を最適化するためのLED生産モジュールが開発されています。

"フルスペクトル分野：より高いCAGRで成長する可能性"

スペクトル別では、フルスペクトル分野が予測期間中に40.4%という高いCAGRを記録すると予測されています。フルスペクトル光源は、照明条件を素早く変更でき、色スペクトルの比率を完全にコントロールできるなど、自然の太陽光を忠実に模倣したものです。また、フルスペクトル照明は、成長速度を速めたり遅くしたり、根の発達を促進したり、栄養状態を改善したり、色を変えたりすることができます。これらの要因が、グローライト市場の成長に寄与しています。

"直販チャネル：予測期間中に大幅な成長を遂げる可能性"

直販チャネルの分野は、予測期間中に44.6%という最も速いCAGRで成長すると予想されます。直販チャネルは、企業が製品流通と顧客体験のすべての側面をコントロールすることを可能にします。また、流通やeコマースの販売チャネルと比較して、時間を節約することができます。こ

"インターライティング分野：より高いCAGRで成長する可能性"

インターライト分野は、予測期間中に35.4%という高いCAGRを達成すると予想されています。インターライティングは、樹冠によって天井照明から遮断された植物の下部にエネルギーを供給するもので、不要な熱を発生させることなく、植物間に光を供給することができます。これにより、すべての植物が最も恩恵を受けるポイントで光を与えることができるため、大きなメリットがあります。

"改修設置部門はCAGRが高くなる"

改修設置分野は、予測期間中に38.7%という2番目に高いCAGRを経験すると予想されます。一般的に、グローライトの寿命は約5年です。新規設置の場合、5年後に更新需要が発生します。また、LED、プラズマ、誘導などの新しいグローライト技術の導入により、グローライトシステムを改造する際に、より多くの選択肢から選択できるようになりました。さらに、温室用途におけるハイブリッド照明システムの採用が増加していることも、改修設置市場の成長に寄与すると期待されています。

"大麻栽分野は、より高いCAGRで成長する"

栽培植物別では、大麻分野が予測期間中に36.1%という最も高いCAGRを記録すると予想されています。この成長は、各国政府によって薬用としての大麻栽培が合法化されたことに起因しています。

"垂直農場分野が、最も高いCAGRで成長する"

垂直農法分野は、予測期間中に最も高い33.9%のCAGRで成長すると予想されています。垂直農法への投資に対する大企業の関心が高まっているのは、垂直農法業界が急速に成長していることが大きな理由です。多数の企業が垂直農場を設置するために、生産者に資金と技術の支援を提供し始めました。それがグローライトの今後の需要を押し上げると思われます。

"他の国々 (RoW) が2番目に高いCAGRで成長"

地域別に見ると、他の国々 (RoW) が予測期間中に30.3%という2番目に高いCAGRを記録すると予想されています。特に中東は、予測期間中に最大の規模を獲得する可能性があります。この地域は、地元で食料を栽培し、増加する人口の需要を満たすために、都市農業の手法を採用し始めています。中東では水不足が深刻で、気温は日中の猛暑から夜間の極寒までさまざまです。そこで、水耕栽培の培地とLED照明を使って、果物や野菜を栽培する室内農場や垂直農場が中東で開発されており、制御された環境で水の蒸発を避けることができます。

当レポートでは、世界のグローライト (植物育成灯) の市場について分析し、市場の基本構造や最新情勢、主な市場促進・抑制要因、セグメント別・地域別の市場動向の見通し、市場競争の状態、主要企業のプロファイルなどを調査しております。

目次

第1章 イントロダクション

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 重要考察

第5章 市場概要

  • イントロダクション
  • 市場力学
    • 促進要因
    • 抑制要因
    • 機会
    • 課題
  • サプライチェーン分析
  • グローライト市場のエコシステム
  • 平均販売価格の分析
  • 主な利害関係者と購入基準
  • 技術動向
  • ポーターのファイブフォース分析
  • ケーススタディ
  • 貿易分析
  • 特許分析 (2012年～2022年)
  • 主な会議とイベント (2023年～2024年)
  • 規格・規制状況
  • 関税分析

第6章 グローライト市場：提供製品/サービス別

  • イントロダクション
  • ハードウェア
  • ソフトウェア・サービス

第7章 グローライト市場：ワット数別

  • イントロダクション
  • 300ワット以下
  • 300ワット以上

第8章 グローライト市場：スペクトル別

  • イントロダクション
  • フルスペクトル
  • 限定スペクトル

第9章 グローライト市場：栽培植物別

  • イントロダクション
  • 果物・野菜
  • 花卉
  • 大麻

第10章 グローライト市場：設置形態別

  • イントロダクション
  • 新規設置
  • 改修設置 (レトロフィット)

第11章 グローライト市場：照明の種類別

  • イントロダクション
  • トップライティング (天井照明)
  • インターライティング

第12章 グローライト市場：光源別

  • イントロダクション
  • 発光ダイオード (LED)
  • 蛍光灯
    • T5蛍光灯
    • CFL (コンパクト蛍光灯)
  • 高輝度放電 (HID) 照明
    • 高圧ナトリウム (HPS) 照明
    • メタルハライド (MH) 照明

第13章 グローライト市場：販売チャネル別

  • イントロダクション
  • 流通チャネル
  • eコマースチャネル
  • 直販チャネル

第14章 グローライト市場：用途別

  • イントロダクション
  • 温室
  • 垂直農業
  • 屋内農業
  • その他の用途

第15章 地域別のライト市場の成長

  • イントロダクション
  • 北米
    • 米国
    • カナダ
    • メキシコ
  • 欧州
    • 英国
    • ドイツ
    • オランダ
    • スカンジナビア諸国
    • 他の欧州諸国
  • アジア太平洋
    • 中国
    • 日本
    • 東南アジア
    • オーストラリア
    • 他のアジア太平洋諸国
  • 他の国々 (RoW)
    • 中東
    • アフリカ
    • 南米

第16章 競合情勢

  • 概要
  • 市場評価フレームワーク
    • 製品ポートフォリオ
    • 重要地域
    • 製造フットプリント
    • 有機・無機戦略
  • 市場シェア分析 (2022年)
  • 企業収益分析：5年間分
  • 企業評価クアドラント
  • スタートアップ/中小企業 (SME) の評価マトリックス
  • 企業のフットプリント
  • 競争状況と動向
    • 製品の発売
    • 資本取引

第17章 企業プロファイル

  • 主要企業
    • SIGNIFY HOLDING
    • GAVITA INTERNATIONAL B.V. (HAWTHORNE)
    • HELIOSPECTRA AB
    • AMS-OSRAM AG
    • CALIFORNIA LIGHTWORKS
    • HORTILUX SCHREDER (DOOL INDUSTRIES)
    • VALOYA OY
    • ILUMINAR LIGHTING
    • BRIDGELUX, INC.
    • EYE HORTILUX (EYE LIGHTING INTERNATIONAL)
  • その他の企業
    • CURRENT
    • PARSOURCE
    • GE LIGHTING
    • HUBBELL
    • AGROLUX
    • ECONOLUX
    • OREON
    • GLACIALLIGHT INC.
    • FOXCONN (HON HAI PRECISION INDUSTRY CO., LTD.)
    • VIVIDGRO
    • HYPERION GROW LIGHTS
    • NICHIA CORPORATION
    • EVERLIGHT ELECTRONICS CO., LTD.
    • SANANBIO
    • LEDESTAR OPTO-ELECTRONICS TECH. CO., LTD.

第18章 付録

目次
Product Code: SE 4140

The global grow lights market was valued at USD 1.5 billion in 2022 and is projected to reach USD 7.2 billion by 2028; registering a CAGR of 30.7% during the forecast period. High potential capacity of LED grow lights enabling farmers to produce same quality crops all year round irrespective of weather conditions is driving the growth of the grow lights market, whereas High setup and installation costs of LED grow lights are restraining the growth of grow lights market.

Software & services segment is expected to grow at higher CAGR during forecast period

The software & service segment is expected to experience the highest CAGR of 35.1% during the forecast period. Different kinds of software solutions are used in grow light systems to improve plant quality and fulfil different light requirements by different plants, as well as create and maintain an optimal lighting environment necessary to maximize production. Along with software, maintenance and repair services are also offered by the companies operating in the grow lights market..

>300 Watt segment by wattage to register growth at higher CAGR

>300 Watt segment is expected to experience the higher CAGR of 31.9% % during the forecast period. The >300W grow lights are ideally good for different types of grow rooms, particularly the ones that need specific care and more focused light on the plants without causing a risk of overheating inside the tent. >300-watt grow lights offer a full-spectrum light, which is safe for all stages of growing plants. Ecosystem player such as Signify Holding, ams-OSRAM AG, Gavita International B.V., Heliospectra AB, California LightWorks etc offer >300-watt grow lights. For instance, Signify Holding introduced a new Philips GreenPower LED production module 3.0 (49-635 watt) to help growers optimize multilayer crop cultivation of lettuce and other leafy greens, herbs, soft fruits, and young plants. The new module enables growers to adapt the color spectrum easily to meet the needs of different crops and growth phases.

Full spectrum segment is likely to grow at higher CAGR

The full spectrum segment is anticipated to record the higher CAGR of 40.4% during the forecast period. The full-spectrum light source is becoming popular due to various advantages associated with it, such as it allows quick changes in lighting conditions and complete control of the color spectrum ratio. They closely mimics the natural sunlight by using a combination of all colors at all stages of growth. Full spectrum lighting can also pace up or slow growth rate, enhance root development, improve nutrition, and color etc. These factors are contributing to the growth of the full spectrum grow lights in the grow lights market.

Direct sales channels segment to register significant growth during forecast period

Direct sales channels segment is expected to grow at the fastest CAGR of 44.6% during the forecast period. Direct sales channels allow companies to control all aspects of product distribution and the customer experience. Since the customer always deals directly with the supplier, the direct sales channels help resolve these issues more efficiently. Also, it saves time as consider to the distribution or e-commerce sales channel. These are the factors leading to a potential growth of direct sales channels in the grow lights market.

Inter-lighting segment is likely to grow at higher CAGR

The inter-lighting segment is expected to experience the higher CAGR of 35.4% during the forecast period. The inter-lighting supplies energy to lower portions of the plant which are blocked from the top lights by the canopy of the plant. With inter-lighting it is possible to provide light between the plants, without unwanted heat generation. This has major advantages as all the plants can be lit at the points where they gain most benefit.

Retrofit installations segment is likely to grow at higher CAGR

The retrofit installations segment is expected to experience the second highest CAGR of 38.7% during the forecast period. Generally a lifespan of a grow light I approximately for 5 years. For new installation, down the line after 5 years the requirement for updated version of grow light s will occur, enabling retrofitting to propel in the future. Also, the introduction of new grow light technologies such as LED, plasma, and induction has provided growers with more options to choose from while retrofitting their grow light systems. Additionally, the increasing adoption of hybrid lighting systems in greenhouse applications is expected to contribute to the growth of the market for retrofit installations. With the low-cost retrofit installation of grow lights, growers can enhance profits and yields.

Cannabis cultivated plants segment is likely to grow at higher CAGR

Cannabis segment is expected to experience the highest CAGR of 36.1% during the forecast period. This growth is attributed to the legalisation of cannabis growth for medicinal uses by various regional government.

Vertical farms application is likely to grow at highest CAGR

Vertical farming segment is expected to grow at the highest CAGR 33.9% during the forecast period. The rapidly growing vertical farming industry is the major reason for the growing interest of larger corporations toward investments in vertical farms. Toshiba Corporation (Japan) and Panasonic Corporation (Japan) have started providing financial and technical assistance to growers to set up vertical farms in various parts of the world. General Electric Company (US), a major provider of grow light systems, is partnering with Mirai, Inc. (Japan) in establishing a chain of vertical farms across multiple cities in Japan. Such developments in vertical farming are likely to boost the demand for grow lights in the coming years.

RoW to register growth at second highest CAGR

RoW is expected to witness the second highest CAGR of 30.3% during the forecast period. The Middle East is likely to capture the largest size of the RoW grow lights market during the forecast period. This region has started adopting urban farming methodologies to grow food locally and meet the demands of the rising population. Water scarcity is prevalent in the Middle East, and the temperatures vary between extreme hot during the day to extreme cold at night. Hence, by using hydroponic medium and LED grow lights, indoor farms and vertical farms are being developed in the Middle East to cultivate fruits and vegetables so that water evaporation can be avoided in a controlled environment.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

  • By Company Type - Tier 1 - 35%, Tier 2 - 45%, Tier 3 - 20%
  • By Designation- C-level Executives - 40%, Managers - 30%, Others - 30%
  • By Region-North America - 40%, Europe - 20%, Asia Pacific - 30%, RoW - 10%

The grow lights market is dominated by a few globally established players such as Signify Holding (Netherlands), Gavita International B.V. (Netherlands), GE Lighting (US), Current (US), ams-OSRAM AG (Styria), Heliopsetra AB (Sweden), California LightWorks (US), Valoya Oy (Finland), EYE Hortilux (US), Hortilux Schreder (Netherlands). The study includes an in-depth competitive analysis of these key players in the grow lights market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the grow lights market and forecasts its size, by offering, by wattage, spectrum, cultivated plant, lighting type, light source, application, installation type, sales channel, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions-North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the grow lights ecosystem

Key Benefits to Buy the Report:

  • Analysis Of key drivers: (Heightened demand for fresh food and loss of arable land, strong government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices, increased investments in establishing vertical farms and greenhouses and associated advanced technologies, significant benefits such as energy-efficiency and longer life associated with LED grow lights over conventional lighting technologies, high potential capacity of LED grow lights enabling farmers to produce same quality crops all year round irrespective of weather conditions). Restraint (High setup and installation costs of LED grow lights and complex requirement for varied light spectrums for different crops). Opportunity (Growing acceptance of farm-to-table trend, legalization of cannabis in different countries, automation in lighting fixtures and technological advancements in LED grow lights, potential opportunities in Asian and Middle Eastern markets for vertical farming, integration of hardware, software, and data analytics platform for horticulture yield estimation and energy conservation). Challenges (Grow lights placement and positioning, need for technical know-how and complexities associated with deployment of CEA technology, absence of standard testing practices for accessing product quality of horticulture lights and their fixtures, and difficulties in integrating different components and technologies in CEA facilities)
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the grow lights market
  • Market Development: Comprehensive information about lucrative markets - the report analyses the grow lights market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the grow lights market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Signify Holding (Netherlands), Gavita International B.V. (Netherlands), GE Lighting (US), Current (US), ams-OSRAM AG (Styria), Heliopsetra AB (Sweden), California LightWorks (US), Valoya Oy (Finland), EYE Hortilux (US), Hortilux Schreder (Netherlands) among others in the grow lights market.

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 STUDY OBJECTIVES
  • 1.2 MARKET DEFINITION
    • 1.2.1 INCLUSIONS & EXCLUSIONS
  • 1.3 STUDY SCOPE
    • 1.3.1 MARKETS COVERED
    • FIGURE 1 GROW LIGHTS MARKET SEGMENTATION
    • 1.3.2 GEOGRAPHIC SCOPE
    • 1.3.3 YEARS CONSIDERED
  • 1.4 CURRENCY
  • 1.5 STAKEHOLDERS
  • 1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

  • 2.1 RESEARCH DATA
    • FIGURE 2 GROW LIGHTS MARKET: RESEARCH DESIGN
    • 2.1.1 SECONDARY AND PRIMARY RESEARCH
    • 2.1.2 SECONDARY DATA
      • 2.1.2.1 List of key secondary sources
      • 2.1.2.2 Key data from secondary sources
    • 2.1.3 PRIMARY DATA
      • 2.1.3.1 List of key primary interview participants
      • 2.1.3.2 Breakdown of primaries
    • FIGURE 3 BREAKDOWN OF PRIMARIES
      • 2.1.3.3 Key data from primary sources
      • 2.1.3.4 Key industry insights
  • 2.2 FACTOR ANALYSIS
    • 2.2.1 SUPPLY-SIDE ANALYSIS
    • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (SUPPLY-SIDE ANALYSIS) - REVENUES GENERATED BY COMPANIES FROM SALES OF PRODUCTS OFFERED IN GROW LIGHTS MARKET
    • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 (TOP-DOWN APPROACH, SUPPLY-SIDE ANALYSIS) - ILLUSTRATION OF REVENUE ESTIMATION IN GROW LIGHTS MARKET
  • 2.3 MARKET SIZE ESTIMATION
    • FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: SUPPLY-SIDE ANALYSIS
    • 2.3.1 BOTTOM-UP APPROACH
      • 2.3.1.1 Approach for obtaining market shares using bottom-up approach (demand side)
    • FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
    • 2.3.2 TOP-DOWN APPROACH
      • 2.3.2.1 Approach for obtaining market shares using top-down approach (supply side)
    • FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    • 2.3.3 GROWTH PROJECTIONS AND FORECASTING ASSUMPTIONS
    • TABLE 1 MARKET GROWTH ASSUMPTIONS
  • 2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
    • FIGURE 9 GROW LIGHTS MARKET: DATA TRIANGULATION
  • 2.5 ASSUMPTIONS
    • TABLE 2 KEY ASSUMPTIONS: MACRO AND MICRO-ECONOMIC ENVIRONMENT
  • 2.6 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON GROW LIGHTS MARKET
    • TABLE 3 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON GROW LIGHTS MARKET
  • 2.7 LIMITATIONS
  • 2.8 RISK ASSESSMENT
    • TABLE 4 RISK ASSESSMENT: GROW LIGHTS MARKET

3 EXECUTIVE SUMMARY

    • FIGURE 10 VERTICAL FARMING APPLICATION SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    • FIGURE 11 CANNABIS SEGMENT TO WITNESS HIGHEST GROWTH RATE DURING FORECAST PERIOD
    • FIGURE 12 EUROPE TO DOMINATE MARKET FOR GROW LIGHTS DURING FORECAST PERIOD
  • 3.1 IMPACT OF RECESSION ON GROW LIGHTS MARKET
    • FIGURE 13 PRE- AND POST-RECESSION IMPACT ON GROW LIGHTS MARKET

4 PREMIUM INSIGHTS

  • 4.1 GROWTH OPPORTUNITIES FOR PLAYERS IN GROW LIGHTS MARKET
    • FIGURE 14 FACTORS SUCH AS HIGH DEMAND FOR FRESH FOOD AND LOSS OF ARABLE LAND TO DRIVE GROW LIGHTS MARKET
  • 4.2 GROW LIGHTS MARKET, BY OFFERING
    • FIGURE 15 SOFTWARE & SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
  • 4.3 GROW LIGHTS MARKET, BY SALES CHANNEL
    • FIGURE 16 DIRECT SALES CHANNELS TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
  • 4.4 GROW LIGHTS MARKET, BY WATTAGE
    • FIGURE 17 >300-WATT GROW LIGHTS TO DOMINATE MARKET IN 2028
  • 4.5 GROW LIGHTS MARKET, BY INSTALLATION TYPE
    • FIGURE 18 RETROFIT INSTALLATIONS TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
  • 4.6 GROW LIGHTS MARKET, BY SPECTRUM
    • FIGURE 19 FULL-SPECTRUM LIGHTS TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
  • 4.7 GROW LIGHTS MARKET, BY REGION
    • FIGURE 20 EUROPE TO DOMINATE MARKET IN 2028
  • 4.8 GROW LIGHTS MARKET, BY COUNTRY
    • FIGURE 21 SOUTHEAST ASIAN COUNTRIES TO RECORD HIGHEST CAGR DURING FORECAST PERIOD

5 MARKET OVERVIEW

  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    • FIGURE 22 GROW LIGHTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
    • 5.2.1 DRIVERS
      • 5.2.1.1 High demand for fresh food and loss of arable land
    • FIGURE 23 POPULATION VS. ARABLE LAND, 2020-2050
      • 5.2.1.2 Strong government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices
    • TABLE 5 INCENTIVES IN US STATES FOR ADOPTION OF LED GROW LIGHTS
      • 5.2.1.3 Increased investments in establishing vertical farms and greenhouses and associated advanced technologies
    • TABLE 6 LIST OF NOTICEABLE INVESTMENTS IN VERTICAL AND GREENHOUSE FARMING
      • 5.2.1.4 Significant benefits such as energy efficiency and longer life associated with LED grow lights over conventional lighting technologies
    • TABLE 7 TYPICAL SPECIFICATIONS OF LED VS. HID
    • TABLE 8 REDUCTIONS IN HARVEST CYCLE USING LED HORTICULTURE LIGHTING ON CANNABIS STRAINS
      • 5.2.1.5 High potential of LED grow lights in enabling farmers to produce quality crops all year round irrespective of weather conditions
    • FIGURE 24 IMPACT OF DRIVERS ON GROW LIGHTS MARKET
    • 5.2.2 RESTRAINTS
      • 5.2.2.1 High setup and installation costs of LED grow lights
      • 5.2.2.2 Complex requirements for varied light spectrums for different crops
    • TABLE 9 STANDARD SPECTRUMS
    • FIGURE 25 IMPACT OF RESTRAINTS ON GROW LIGHTS MARKET
    • 5.2.3 OPPORTUNITIES
      • 5.2.3.1 Growing acceptance of farm-to-table trend
      • 5.2.3.2 Legalization of cannabis in different countries
      • 5.2.3.3 Automation in lighting fixtures and technological advancements in LED grow lights
      • 5.2.3.4 Potential opportunities in Asian and Middle Eastern markets for vertical farming
      • 5.2.3.5 Integration of hardware, software, and data analytics platforms for horticulture yield estimation and energy conservation
    • FIGURE 26 IMPACT OF OPPORTUNITIES ON GROW LIGHTS MARKET
    • 5.2.4 CHALLENGES
      • 5.2.4.1 Grow lights placement and positioning
      • 5.2.4.2 Need for technical know-how and complexities associated with deployment of CEA technology
      • 5.2.4.3 Absence of standard testing practices for assessing product quality of horticulture lights and fixtures
      • 5.2.4.4 Difficulties in integrating different components and technologies in CEA facilities
    • FIGURE 27 IMPACT OF CHALLENGES ON GROW LIGHTS MARKET
  • 5.3 SUPPLY CHAIN ANALYSIS
    • FIGURE 28 SUPPLY CHAIN OF GROW LIGHTS MARKET
    • TABLE 10 GROW LIGHTS MARKET: ECOSYSTEM
    • 5.3.1 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN GROW LIGHTS MARKET
    • FIGURE 29 REVENUE SHIFT IN GROW LIGHTS MARKET
  • 5.4 GROW LIGHTS MARKET ECOSYSTEM
    • FIGURE 30 ECOSYSTEM OF GROW LIGHTS
  • 5.5 AVERAGE SELLING PRICE ANALYSIS
    • 5.5.1 AVERAGE SELLING PRICE OF GROW LIGHTS OFFERED BY KEY PLAYERS
    • FIGURE 31 AVERAGE SELLING PRICE OF GROW LIGHTS OFFERED BY KEY PLAYERS
    • TABLE 11 AVERAGE SELLING PRICE OF GROW LIGHTS, BY LIGHT SOURCE (USD)
    • 5.5.2 AVERAGE SELLING PRICE TREND
    • TABLE 12 AVERAGE PRICE: GROW LIGHTS, BY LIGHT SOURCE (USD)
    • FIGURE 32 AVERAGE PRICE: GROW LIGHTS, BY LIGHT SOURCE (USD)
  • 5.6 KEY STAKEHOLDERS & BUYING CRITERIA
    • 5.6.1 KEY STAKEHOLDERS IN BUYING PROCESS
    • FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS
    • TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)
    • 5.6.2 BUYING CRITERIA
    • FIGURE 34 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
    • TABLE 14 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
  • 5.7 TECHNOLOGY TRENDS
    • 5.7.1 FULL-SPECTRUM LED GROW LIGHT SYSTEMS
    • 5.7.2 SOLID-STATE LIGHTING TECHNOLOGY
    • 5.7.3 ADVANCED UV LED TECHNOLOGY FOR HORTICULTURAL APPLICATIONS
    • 5.7.4 CENTRALIZED POWER SUPPLY
  • 5.8 PORTER'S FIVE FORCES ANALYSIS
    • TABLE 15 GROW LIGHTS MARKET: PORTER'S FIVE FORCES ANALYSIS
    • FIGURE 35 PORTER'S FIVE FORCES ANALYSIS
    • 5.8.1 THREAT OF NEW ENTRANTS
    • 5.8.2 THREAT OF SUBSTITUTES
    • 5.8.3 BARGAINING POWER OF SUPPLIERS
    • 5.8.4 BARGAINING POWER OF BUYERS
    • 5.8.5 INTENSITY OF COMPETITIVE RIVALRY
  • 5.9 CASE STUDIES
    • 5.9.1 FASTER FINISHING AND ENHANCED VARIEGATION WITH PHILIPS LED GROW LIGHTS
    • 5.9.2 LJUSGARDA ACHIEVED ULTIMATE VERTICAL GROWTH FROM 0 TO 7,000 SQ. M. USING LED LIGHTING SOLUTIONS FROM HELIOSPECTRA
    • 5.9.3 TOMATO GRAFTING AND HEALING WITH HELIOSPECTRA'S LED GROW LIGHTS
    • 5.9.4 GAINING CUSTOMER APPRECIATION ABOUT QUALITY OF PLANTS GROWN UNDER PHILIPS LEDS
  • 5.10 TRADE ANALYSIS
    • 5.10.1 IMPORT SCENARIO
    • TABLE 16 IMPORT DATA, BY COUNTRY, 2017-2021 (USD MILLION)
    • 5.10.2 EXPORT SCENARIO
    • TABLE 17 EXPORT DATA, BY COUNTRY, 2017-2021 (USD MILLION)
  • 5.11 PATENT ANALYSIS, 2012-2022
    • FIGURE 36 NUMBER OF PATENTS GRANTED FOR GROW LIGHTS, 2012-2022
    • FIGURE 37 REGIONAL ANALYSIS OF PATENTS GRANTED FOR GROW LIGHT SOLUTIONS, 2022
    • TABLE 18 LIST OF PATENTS PERTAINING TO GROW LIGHTS MARKET, 2021-2022
  • 5.12 KEY CONFERENCES & EVENTS, 2023-2024
    • TABLE 19 GROW LIGHTS MARKET: DETAILED LIST OF CONFERENCES & EVENTS
  • 5.13 STANDARDS AND REGULATORY LANDSCAPE
    • 5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 20 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 21 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 22 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • TABLE 23 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    • 5.13.2 STANDARDS
  • 5.14 TARIFF ANALYSIS
    • TABLE 24 TARIFFS FOR HS CODE 9405 EXPORTED BY CHINA (2021)
    • TABLE 25 TARIFFS FOR HS CODE 9405 EXPORTED BY US (2021)

6 GROW LIGHTS MARKET, BY OFFERING

  • 6.1 INTRODUCTION
    • FIGURE 38 HARDWARE OFFERINGS TO DOMINATE GROW LIGHTS MARKET DURING FORECAST PERIOD
    • TABLE 26 GROW LIGHTS MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 27 GROW LIGHTS MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 28 GROW LIGHTS MARKET, BY OFFERING, 2019-2022 (THOUSAND UNITS)
    • TABLE 29 GROW LIGHTS MARKET, BY OFFERING, 2023-2028 (THOUSAND UNITS)
  • 6.2 HARDWARE
    • 6.2.1 LARGE NUMBER OF MANUFACTURING COMPANIES PROVIDING GROW LIGHTS AS HARDWARE COMPONENTS TO DRIVE MARKET GROWTH
    • TABLE 30 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 31 GROW LIGHTS MARKET FOR HARDWARE, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 32 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 33 GROW LIGHTS MARKET FOR HARDWARE, BY APPLICATION, 2023-2028 (USD MILLION)
  • 6.3 SOFTWARE & SERVICES
    • 6.3.1 GROWING USE OF SOFTWARE SOLUTIONS TO IMPROVE PLANT QUALITY TO BOOST MARKET
    • TABLE 34 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 35 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 36 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 37 GROW LIGHTS MARKET FOR SOFTWARE & SERVICES, BY APPLICATION, 2023-2028 (USD MILLION)

7 GROW LIGHTS MARKET, BY WATTAGE

  • 7.1 INTRODUCTION
    • FIGURE 39 GROW LIGHTS MARKET, BY WATTAGE
    • FIGURE 40 >300-WATT GROW LIGHTS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
    • TABLE 38 GROW LIGHTS MARKET, BY WATTAGE, 2019-2022 (USD MILLION)
    • TABLE 39 GROW LIGHTS MARKET, BY WATTAGE, 2023-2028 (USD MILLION)
  • 7.2 <300 WATTS
    • 7.2.1 ABILITY TO USE LOW-POWER LIGHTS FOR EXTENDED PERIODS WITHOUT HARMING PLANTS TO PROPEL MARKET GROWTH
    • TABLE 40 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 41 <300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 7.3 >300 WATTS
    • 7.3.1 IMPROVED GROW QUALITY AND ENERGY SAVINGS TO DRIVE DEMAND FOR >300-WATT GROW LIGHTS
    • TABLE 42 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 43 >300-WATT GROW LIGHTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)

8 GROW LIGHTS MARKET, BY SPECTRUM

  • 8.1 INTRODUCTION
    • FIGURE 41 LIMITED-SPECTRUM GROW LIGHTS TO HOLD LARGEST SHARE OF MARKET DURING FORECAST PERIOD
    • TABLE 44 GROW LIGHTS MARKET, BY SPECTRUM, 2019-2022 (USD MILLION)
    • TABLE 45 GROW LIGHTS MARKET, BY SPECTRUM, 2023-2028 (USD MILLION)
  • 8.2 FULL SPECTRUM
    • 8.2.1 ADVANTAGES SUCH AS ENHANCED ROOT DEVELOPMENT AND IMPROVED NUTRITION AND COLOR TO DRIVE ADOPTION OF FULL-SPECTRUM LIGHTS
  • 8.3 LIMITED SPECTRUM
    • 8.3.1 ADVANTAGES SUCH AS HIGH EFFICIENCY FOR PLANT GROWTH AND ENERGY EFFICIENCY TO BOOST MARKET

9 GROW LIGHTS MARKET, BY CULTIVATED PLANT

  • 9.1 INTRODUCTION
    • FIGURE 42 FRUITS & VEGETABLES TO DOMINATE GROW LIGHTS MARKET DURING FORECAST PERIOD
    • TABLE 46 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019-2022 (USD MILLION)
    • TABLE 47 GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023-2028 (USD MILLION)
  • 9.2 FRUITS & VEGETABLES
    • 9.2.1 INCREASED DEMAND FOR HIGH-QUALITY ORGANIC FRUITS & VEGETABLES TO PROMOTE ADOPTION OF GROW LIGHTS
    • TABLE 48 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 49 GROW LIGHTS MARKET FOR FRUITS & VEGETABLES, BY REGION, 2023-2028 (USD MILLION)
  • 9.3 FLOWERS
    • 9.3.1 EUROPE TO CAPTURE SIGNIFICANT SHARE OF GROW LIGHTS MARKET FOR FLOWERS IN COMING YEARS
    • TABLE 50 GROW LIGHTS MARKET FOR FLOWERS, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 51 GROW LIGHTS MARKET FOR FLOWERS, BY REGION, 2023-2028 (USD MILLION)
  • 9.4 CANNABIS
    • 9.4.1 LEGALIZATION OF CANNABIS FOR MEDICINAL PURPOSES TO DRIVE MARKET GROWTH
    • TABLE 52 GLOBAL CANNABIS CONSUMPTION
    • TABLE 53 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 54 GROW LIGHTS MARKET FOR CANNABIS, BY REGION, 2023-2028 (USD MILLION)

10 GROW LIGHTS MARKET, BY INSTALLATION TYPE

  • 10.1 INTRODUCTION
    • FIGURE 43 RETROFIT INSTALLATIONS TO REGISTER HIGHER GROWTH RATE DURING FORECAST PERIOD
    • TABLE 55 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 56 GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
  • 10.2 NEW INSTALLATIONS
    • 10.2.1 GROWING POPULARITY OF VERTICAL AND INDOOR FARMING TO DRIVE DEMAND FOR NEW INSTALLATIONS OF GROW LIGHTS
    • TABLE 57 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 58 GROW LIGHTS MARKET FOR NEW INSTALLATIONS, BY REGION, 2023-2028 (USD MILLION)
  • 10.3 RETROFIT INSTALLATIONS
    • 10.3.1 BENEFITS SUCH AS IMPROVED PLANT QUALITY AND REDUCED MAINTENANCE COSTS TO BOOST ADOPTION OF RETROFIT INSTALLATIONS
    • TABLE 59 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 60 GROW LIGHTS MARKET FOR RETROFIT INSTALLATIONS, BY REGION, 2023-2028 (USD MILLION)

11 GROW LIGHTS MARKET, BY LIGHTING TYPE

  • 11.1 INTRODUCTION
    • FIGURE 44 TOPLIGHTING SEGMENT TO ACCOUNT FOR LARGEST SHARE OF MARKET DURING FORECAST PERIOD
    • TABLE 61 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019-2022 (USD MILLION)
    • TABLE 62 GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023-2028 (USD MILLION)
  • 11.2 TOPLIGHTING
    • 11.2.1 GROWING ADOPTION OF GROW LIGHT SOLUTIONS IN GREENHOUSE AGRICULTURE TO FAVOR MARKET GROWTH
    • TABLE 63 TOPLIGHTING GROW LIGHTS MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 64 TOPLIGHTING GROW LIGHTS MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 11.3 INTERLIGHTING
    • 11.3.1 ABILITY OF INTERLIGHTING TO PROVIDE LIGHT BETWEEN PLANTS WITHOUT UNWANTED HEAT GENERATION TO BOOST DEMAND
    • TABLE 65 INTERLIGHTING GROW LIGHTS MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 66 INTERLIGHTING GROW LIGHTS MARKET, BY REGION, 2023-2028 (USD MILLION)

12 GROW LIGHTS MARKET, BY LIGHT SOURCE

  • 12.1 INTRODUCTION
  • 12.2 LIGHT-EMITTING DIODES (LED)
    • 12.2.1 GROWING ADOPTION OF LED LIGHTS IN INDOOR FARMING DUE TO LONG LIFESPAN, SPECTRUM ADJUSTABILITY, AND ENERGY EFFICIENCY TO BOOST MARKET
    • TABLE 67 COMPARISON OF DIFFERENT LIGHT SOURCES
  • 12.3 FLUORESCENT LIGHTS
    • 12.3.1 T5 FLUORESCENT LIGHTS
      • 12.3.1.1 Growing health concerns to propel demand for fluorescent lights for indoor gardening
    • 12.3.2 COMPACT FLUORESCENT LAMPS (CFLS)
      • 12.3.2.1 Rising use of CFLs to grow herbs and plants in small spaces to drive growth
  • 12.4 HIGH-INTENSITY DISCHARGE (HID) LIGHTS
    • 12.4.1 HIGH-PRESSURE SODIUM (HPS) LAMPS
      • 12.4.1.1 Ability to ensure uniform distribution of light across crops to drive demand for HPS lamps
    • 12.4.2 METAL-HALIDE (MH) LAMPS
      • 12.4.2.1 Benefits during initial vegetative stage of plant growth to boost adoption of metal-halide lamps

13 GROW LIGHTS MARKET, BY SALES CHANNEL

  • 13.1 INTRODUCTION
    • FIGURE 45 DIRECT SALES CHANNELS TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
    • TABLE 68 GROW LIGHTS MARKET, BY SALES CHANNEL, 2019-2022 (USD MILLION)
    • TABLE 69 GROW LIGHTS MARKET, BY SALES CHANNEL, 2023-2028 (USD MILLION)
  • 13.2 DISTRIBUTION CHANNELS
    • 13.2.1 RISING DEMAND FOR AFTER-SALES SERVICES TO DRIVE MARKET FOR DISTRIBUTION CHANNELS
  • 13.3 E-COMMERCE CHANNELS
    • 13.3.1 GROWING PREFERENCE FOR THIRD-PARTY E-COMMERCE PLATFORMS BY SMALL GROWERS/HOME-BASED GROWERS TO BOOST MARKET
  • 13.4 DIRECT SALES CHANNELS
    • 13.4.1 GROWING CONCERNS REGARDING COUNTERFEIT PRODUCTS TO BOOST SALES OF GROW LIGHTS THROUGH DIRECT SALES CHANNELS

14 GROW LIGHTS MARKET, BY APPLICATION

  • 14.1 INTRODUCTION
    • FIGURE 46 GROW LIGHTS MARKET, BY APPLICATION
    • FIGURE 47 VERTICAL FARMING TO CAPTURE LARGEST SHARE OF GROW LIGHTS MARKET DURING FORECAST PERIOD
    • TABLE 70 GROW LIGHTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 71 GROW LIGHTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
  • 14.2 GREENHOUSES
    • 14.2.1 ABILITY OF GROW LIGHTS TO ACHIEVE HIGHER YIELDS IN GREENHOUSES TO DRIVE MARKET GROWTH
    • FIGURE 48 EUROPE TO CAPTURE LARGEST SHARE OF GROW LIGHTS MARKET FOR GREENHOUSES IN 2028
    • TABLE 72 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 73 GROW LIGHTS MARKET FOR GREENHOUSES, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 74 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATTAGE, 2019-2022 (USD MILLION)
    • TABLE 75 GROW LIGHTS MARKET FOR GREENHOUSES, BY WATTAGE, 2023-2028 (USD MILLION)
  • 14.3 VERTICAL FARMING
    • 14.3.1 OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION TO CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING
    • FIGURE 49 >300-WATT GROW LIGHTS TO REGISTER LARGEST SHARE IN GROW LIGHTS MARKET FOR VERTICAL FARMS IN 2028
    • TABLE 76 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATTAGE, 2019-2022 (USD MILLION)
    • TABLE 77 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY WATTAGE, 2023-2028 (USD MILLION)
    • TABLE 78 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 79 GROW LIGHTS MARKET FOR VERTICAL FARMING, BY REGION, 2023-2028 (USD MILLION)
  • 14.4 INDOOR FARMING
    • 14.4.1 INCREASED REQUIREMENT FOR FOOD TO ACCELERATE DEMAND FOR GROW LIGHTS IN INDOOR FARMING
    • TABLE 80 GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATTAGE, 2019-2022 (USD MILLION)
    • TABLE 81 GROW LIGHTS MARKET FOR INDOOR FARMING, BY WATTAGE, 2023-2028 (USD MILLION)
    • TABLE 82 GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 83 GROW LIGHTS MARKET FOR INDOOR FARMING, BY REGION, 2023-2028 (USD MILLION)
  • 14.5 OTHER APPLICATIONS
    • TABLE 84 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATTAGE, 2019-2022 (USD MILLION)
    • TABLE 85 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY WATTAGE, 2023-2028 (USD MILLION)
    • TABLE 86 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 87 GROW LIGHTS MARKET FOR OTHER APPLICATIONS, BY REGION, 2023-2028 (USD MILLION)

15 GROW LIGHTS MARKET, BY REGION

  • 15.1 INTRODUCTION
    • FIGURE 50 EUROPE TO HOLD LARGEST SHARE OF GROW LIGHTS MARKET DURING FORECAST PERIOD
    • TABLE 88 GROW LIGHTS MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 89 GROW LIGHTS MARKET, BY REGION, 2023-2028 (USD MILLION)
  • 15.2 NORTH AMERICA
    • FIGURE 51 NORTH AMERICA: SNAPSHOT OF GROW LIGHTS MARKET
    • TABLE 90 NORTH AMERICA: GROW LIGHTS MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 91 NORTH AMERICA: GROW LIGHTS MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 92 NORTH AMERICA: GROW LIGHTS MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 93 NORTH AMERICA: GROW LIGHTS MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 94 NORTH AMERICA: GROW LIGHTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 95 NORTH AMERICA: GROW LIGHTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 96 NORTH AMERICA: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019-2022 (USD MILLION)
    • TABLE 97 NORTH AMERICA: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023-2028 (USD MILLION)
    • TABLE 98 NORTH AMERICA: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 99 NORTH AMERICA: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
    • TABLE 100 NORTH AMERICA: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019-2022 (USD MILLION)
    • TABLE 101 NORTH AMERICA: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023-2028 (USD MILLION)
    • 15.2.1 US
      • 15.2.1.1 Significant presence of major manufacturers to drive market growth in US
    • 15.2.2 CANADA
      • 15.2.2.1 Legalization of cannabis to drive demand for grow lights in Canada
    • 15.2.3 MEXICO
      • 15.2.3.1 Extensive use of grow lights in tomato cultivation to accelerate market growth
  • 15.3 EUROPE
    • FIGURE 52 EUROPE: SNAPSHOT OF GROW LIGHTS MARKET
    • TABLE 102 EUROPE: GROW LIGHTS MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 103 EUROPE: GROW LIGHTS MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 104 EUROPE: GROW LIGHTS MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 105 EUROPE: GROW LIGHTS MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • FIGURE 53 GREENHOUSE APPLICATIONS IN EUROPE TO OCCUPY LARGEST MARKET SHARE IN 2028
    • TABLE 106 EUROPE: GROW LIGHTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 107 EUROPE: GROW LIGHTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 108 EUROPE: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019-2022 (USD MILLION)
    • TABLE 109 EUROPE: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023-2028 (USD MILLION)
    • TABLE 110 EUROPE: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 111 EUROPE: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
    • TABLE 112 EUROPE: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019-2022 (USD MILLION)
    • TABLE 113 EUROPE: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023-2028 (USD MILLION)
    • 15.3.1 UK
      • 15.3.1.1 Large-scale indoor farming and vertical farming practices in UK to boost demand for grow lights
    • 15.3.2 GERMANY
      • 15.3.2.1 High adoption of grow lights in commercial greenhouses to fuel growth
    • 15.3.3 NETHERLANDS
      • 15.3.3.1 Robust agriculture industry and significant presence of key market players to augment growth
    • 15.3.4 SCANDINAVIA
      • 15.3.4.1 Rapid adoption of grow lights in indoor farming and greenhouse applications to stimulate market growth
    • 15.3.5 REST OF EUROPE
  • 15.4 ASIA PACIFIC
    • FIGURE 54 ASIA PACIFIC: SNAPSHOT OF GROW LIGHTS MARKET
    • FIGURE 55 SOUTHEAST ASIA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2028
    • TABLE 114 ASIA PACIFIC: GROW LIGHTS MARKET, BY COUNTRY, 2019-2022 (USD MILLION)
    • TABLE 115 ASIA PACIFIC: GROW LIGHTS MARKET, BY COUNTRY, 2023-2028 (USD MILLION)
    • TABLE 116 ASIA PACIFIC: GROW LIGHTS MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 117 ASIA PACIFIC: GROW LIGHTS MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 118 ASIA PACIFIC: GROW LIGHTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 119 ASIA PACIFIC: GROW LIGHTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • TABLE 120 ASIA PACIFIC: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019-2022 (USD MILLION)
    • TABLE 121 ASIA PACIFIC: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023-2028 (USD MILLION)
    • TABLE 122 ASIA PACIFIC: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 123 ASIA PACIFIC: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
    • TABLE 124 ASIA PACIFIC: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019-2022 (USD MILLION)
    • TABLE 125 ASIA PACIFIC: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023-2028 (USD MILLION)
    • 15.4.1 CHINA
      • 15.4.1.1 Robust presence of leading LED manufacturers to promote market growth in China
    • 15.4.2 JAPAN
      • 15.4.2.1 Considerable shortage of arable land in Japan to boost demand for grow lights
    • 15.4.3 SOUTHEAST ASIA
      • 15.4.3.1 High demand for fresh horticulture produce to fuel market growth
    • 15.4.4 AUSTRALIA
      • 15.4.4.1 Limited rainfall to fuel adoption of grow lights for indoor farming in Australia
    • 15.4.5 REST OF ASIA PACIFIC
  • 15.5 REST OF THE WORLD
    • TABLE 126 REST OF THE WORLD: GROW LIGHTS MARKET, BY REGION, 2019-2022 (USD MILLION)
    • TABLE 127 REST OF THE WORLD: GROW LIGHTS MARKET, BY REGION, 2023-2028 (USD MILLION)
    • TABLE 128 REST OF THE WORLD: GROW LIGHTS MARKET, BY OFFERING, 2019-2022 (USD MILLION)
    • TABLE 129 REST OF THE WORLD: GROW LIGHTS MARKET, BY OFFERING, 2023-2028 (USD MILLION)
    • TABLE 130 REST OF THE WORLD: GROW LIGHTS MARKET, BY APPLICATION, 2019-2022 (USD MILLION)
    • TABLE 131 REST OF THE WORLD: GROW LIGHTS MARKET, BY APPLICATION, 2023-2028 (USD MILLION)
    • FIGURE 56 FRUITS & VEGETABLES SEGMENT TO OCCUPY LARGEST MARKET SHARE IN 2028
    • TABLE 132 REST OF THE WORLD: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2019-2022 (USD MILLION)
    • TABLE 133 REST OF THE WORLD: GROW LIGHTS MARKET, BY CULTIVATED PLANT, 2023-2028 (USD MILLION)
    • TABLE 134 REST OF THE WORLD: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2019-2022 (USD MILLION)
    • TABLE 135 REST OF THE WORLD: GROW LIGHTS MARKET, BY INSTALLATION TYPE, 2023-2028 (USD MILLION)
    • TABLE 136 REST OF THE WORLD: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2019-2022 (USD MILLION)
    • TABLE 137 REST OF THE WORLD: GROW LIGHTS MARKET, BY LIGHTING TYPE, 2023-2028 (USD MILLION)
    • 15.5.1 MIDDLE EAST
      • 15.5.1.1 Resource scarcity to propel adoption of grow lights in vertical farms in Middle East
    • 15.5.2 AFRICA
      • 15.5.2.1 Harsh weather conditions to promote implementation of grow lights
    • 15.5.3 SOUTH AMERICA
      • 15.5.3.1 Vertical coffee farming in Brazil to provide lucrative opportunities for grow lights market

16 COMPETITIVE LANDSCAPE

  • 16.1 OVERVIEW
  • 16.2 MARKET EVALUATION FRAMEWORK
    • TABLE 138 OVERVIEW OF STRATEGIES ADOPTED BY KEY SOLUTION PROVIDERS
    • 16.2.1 PRODUCT PORTFOLIO
    • 16.2.2 REGIONAL FOCUS
    • 16.2.3 MANUFACTURING FOOTPRINT
    • 16.2.4 ORGANIC/INORGANIC STRATEGIES
  • 16.3 MARKET SHARE ANALYSIS, 2022
    • TABLE 139 GROW LIGHTS MARKET: MARKET SHARE ANALYSIS (2022)
  • 16.4 FIVE-YEAR COMPANY REVENUE ANALYSIS
    • FIGURE 57 FIVE-YEAR REVENUE ANALYSIS OF TOP 2 PLAYERS IN GROW LIGHTS MARKET, 2018-2022
  • 16.5 COMPANY EVALUATION QUADRANT
    • 16.5.1 STARS
    • 16.5.2 EMERGING LEADERS
    • 16.5.3 PERVASIVE PLAYERS
    • 16.5.4 PARTICIPANTS
    • FIGURE 58 GROW LIGHTS MARKET: COMPANY EVALUATION QUADRANT, 2022
  • 16.6 STARTUP/SMALL AND MEDIUM-SIZED ENTERPRISES (SME) EVALUATION MATRIX
    • TABLE 140 GROW LIGHTS MARKET: DETAILED LIST OF KEY STARTUPS/SMES
    • TABLE 141 STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) IN GROW LIGHTS MARKET
    • TABLE 142 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (APPLICATION FOOTPRINT)
    • TABLE 143 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (OFFERING FOOTPRINT)
    • TABLE 144 GROW LIGHTS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (REGION FOOTPRINT)
    • 16.6.1 PROGRESSIVE COMPANIES
    • 16.6.2 RESPONSIVE COMPANIES
    • 16.6.3 DYNAMIC COMPANIES
    • 16.6.4 STARTING BLOCKS
    • FIGURE 59 GROW LIGHTS MARKET: STARTUP/SME EVALUATION MATRIX, 2022
  • 16.7 COMPANY FOOTPRINT
    • TABLE 145 COMPANY FOOTPRINT
    • TABLE 146 COMPANY-WISE OFFERING FOOTPRINT
    • TABLE 147 COMPANY-WISE APPLICATION FOOTPRINT
    • TABLE 148 COMPANY-WISE REGIONAL FOOTPRINT
  • 16.8 COMPETITIVE SITUATION AND TRENDS
    • 16.8.1 PRODUCT LAUNCHES
    • TABLE 149 PRODUCT LAUNCHES, JANUARY 2020-JANUARY 2023
    • 16.8.2 DEALS
    • TABLE 150 DEALS, JANUARY 2020-JANUARY 2023

17 COMPANY PROFILES

  • 17.1 KEY PLAYERS

(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*

    • 17.1.1 SIGNIFY HOLDING
    • TABLE 151 SIGNIFY HOLDING: COMPANY SNAPSHOT
    • FIGURE 60 SIGNIFY HOLDING: COMPANY SNAPSHOT (2022)
    • 17.1.2 GAVITA INTERNATIONAL B.V. (HAWTHORNE)
    • TABLE 152 GAVITA INTERNATIONAL B.V.: COMPANY SNAPSHOT
    • 17.1.3 HELIOSPECTRA AB
    • TABLE 153 HELIOSPECTRA AB: COMPANY SNAPSHOT
    • FIGURE 61 HELIOSPECTRA AB: COMPANY SNAPSHOT (2022)
    • 17.1.4 AMS-OSRAM AG
    • TABLE 154 AMS-OSRAM AG: COMPANY SNAPSHOT
    • FIGURE 62 AMS-OSRAM AG: COMPANY SNAPSHOT (2022)
    • 17.1.5 CALIFORNIA LIGHTWORKS
    • TABLE 155 CALIFORNIA LIGHTWORKS: COMPANY SNAPSHOT
    • 17.1.6 HORTILUX SCHREDER (DOOL INDUSTRIES)
    • TABLE 156 HORTILUX SCHREDER: COMPANY SNAPSHOT
    • 17.1.7 VALOYA OY
    • TABLE 157 VALOYA OY: COMPANY SNAPSHOT
    • 17.1.8 ILUMINAR LIGHTING
    • TABLE 158 ILUMINAR LIGHTING: COMPANY SNAPSHOT
    • 17.1.9 BRIDGELUX, INC.
    • TABLE 159 BRIDGELUX, INC.: COMPANY SNAPSHOT
    • 17.1.10 EYE HORTILUX (EYE LIGHTING INTERNATIONAL)
    • TABLE 160 EYE HORTILUX: COMPANY SNAPSHOT
  • Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
  • 17.2 OTHER PLAYERS
    • 17.2.1 CURRENT
    • TABLE 161 CURRENT: COMPANY SNAPSHOT
    • 17.2.2 PARSOURCE
    • TABLE 162 PARSOURCE: COMPANY SNAPSHOT
    • 17.2.3 GE LIGHTING
    • TABLE 163 GE LIGHTING: COMPANY SNAPSHOT
    • 17.2.4 HUBBELL
    • TABLE 164 HUBBELL: COMPANY SNAPSHOT
    • 17.2.5 AGROLUX
    • TABLE 165 AGROLUX: COMPANY SNAPSHOT
    • 17.2.6 ECONOLUX
    • TABLE 166 ECONOLUX: COMPANY SNAPSHOT
    • 17.2.7 OREON
    • TABLE 167 OREON: COMPANY SNAPSHOT
    • 17.2.8 GLACIALLIGHT INC.
    • TABLE 168 GLACIALLIGHT INC.: COMPANY SNAPSHOT
    • 17.2.9 FOXCONN (HON HAI PRECISION INDUSTRY CO., LTD.)
    • TABLE 169 FOXCONN: COMPANY SNAPSHOT
    • 17.2.10 VIVIDGRO
    • TABLE 170 VIVIDGRO: COMPANY SNAPSHOT
    • 17.2.11 HYPERION GROW LIGHTS
    • TABLE 171 HYPERION GROW LIGHTS: COMPANY SNAPSHOT
    • 17.2.12 NICHIA CORPORATION
    • TABLE 172 NICHIA CORPORATION: COMPANY SNAPSHOT
    • 17.2.13 EVERLIGHT ELECTRONICS CO., LTD.
    • TABLE 173 EVERLIGHT ELECTRONICS CO., LTD.: COMPANY SNAPSHOT
    • 17.2.14 SANANBIO
    • TABLE 174 SANANBIO: COMPANY SNAPSHOT
    • 17.2.15 LEDESTAR OPTO-ELECTRONICS TECH. CO., LTD.
    • TABLE 175 LEDESTAR OPTO-ELECTRONICS TECH. CO., LTD.: COMPANY SNAPSHOT

18 APPENDIX

  • 18.1 DISCUSSION GUIDE
  • 18.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
  • 18.3 CUSTOMIZATION OPTIONS
  • 18.4 RELATED REPORTS
  • 18.5 AUTHOR DETAILS