DUBLIN, Oct. 9, 2019 /PRNewswire/ -- The "Global LED Grow Lights Market: Focus on Spectrum (Full PAR, Partial, Treatment), Application (Indoor Farms, Greenhouses, Livestock and Aquaculture, Turf and Landscaping), and Power Consumption - Analysis and Forecast, 2019-2024" report has been added to ResearchAndMarkets.com's offering.
According to the report, the LED grow lights market to grow at a significant CAGR of 23.15% during the forecast period from 2019 to 2024.
The increasing global demand for food has generated the need for an increase in indoor farming and the cultivation of crops in greenhouses. This is attributed to the constantly decreasing arable land and adverse climatic conditions that are creating havoc in the global agricultural industry due to changing environmental factors.
Since traditional farming is gradually becoming unsuitable to produce crops in many regions, such as Middle East, North-Western Europe, and Russia, the need for controllable and customizable environmental conditions ideal for crop cultivation is increasing.
The use of LED lighting in farming has found its way ever since the idea of indoor farming has floated around. Emerging nations, such as China, Japan, and Saudi Arabia are observing an extensive interest in the mass adoption of such technologies to boost their agricultural economy. This robust growth has been largely propelled by the rise in investments in the agricultural sector, which in turn, has increased the demand for LED grow lights to carry out farming activities.
The LED grow lights play an integral role in creating one such environmental factor by acting as an adequate substitute for sunlight. With the development in a range of LED grow lights, farmers have the option to customize according to their requirements for each plant to be grown.
The disruption of Light Emitting Diode (LED) lighting systems in the industry has visibly become a success and has gained enormous recognition for the distinctive features it has to offer across all industries. Developed nations across North America and Europe have actively focussed on developments within the LED lighting industry and have adopted them in the past few years.
The global LED grow lights market research provides a detailed perspective regarding the applications of the LED grow lights, its value, and estimation, among others. The purpose of this market analysis is to examine the LED grow lights industry outlook in terms of factors driving the market, trends, developments, and emerging trends, among others.
The report further takes into consideration the market dynamics and the competitive landscape along with the detailed financial and product contributions of the key players operating in the market. The LED grow lights report is a compilation of different segments including market breakdown by spectrum type, application type, power consumption type, and region.
The key market players in the global LED grow lights market include Signify N.V., OSRAM Litch AG, Current by GE, Heliospectra AB, Valoya, Stadium Grow Lighting, and Agrilight B.V., among others.
Key Topics Covered
1 Market Dynamics
1.1 Market Drivers
1.1.1 Advent of Indoor Farming to Address Global Food Insecurity
1.1.2 Need for Energy Efficient Lighting for Crop Cultivation
1.1.3 Increasing Consumption of Animal Proteins Globally
1.2 Market Restraints
1.2.1 High Initial Investments
1.3 Market Opportunities
1.3.1 Asia-Pacific, Middle East, and Africa: New Market Avenues for LED Grow Lights
1.3.2 Growing Demand for Livestock LED Grow Lighting
2 Competitive Landscape
2.1 Key Market Developments and Strategies
2.1.1 Product Launches and Developments
2.1.2 Partnerships, Collaborations, and Joint Ventures
2.1.3 Business Expansions and Contracts
2.1.4 Mergers and Acquisitions
2.2 Market Share Analysis of Key Global LED Grow Lights Manufacturing Companies
3 Industry Analysis
3.1 Investment and Funding Landscape
3.2 Crops Requiring LED Grow Lights for Cultivation
3.3 Emerging Trends in the LED Grow Lights Industry
3.3.1 Applications of UV and IR in LED Grow Lights
3.3.2 Application of IoT and Automation in LED Grow Lights
3.4 Comparative Analysis Between Different Grow Lights
3.5 Case Studies
3.5.1 LED Grow Light Project by Heliospectra AB
3.5.2 LED Grow Light Project on Livestock Farms
3.5.3 LED Grow Light Project by Stadium Grow Lighting
3.6 Consortiums and Associations
3.6.1 International Artificial Grow Light Association (IAGLA)
188.8.131.52 Role in Global LED Grow Light Market
3.6.2 Middle East Lighting Association (MELA)
3.6.3 Japan Plant Factory Association (JPFA)
3.6.4 Association for Vertical Farming (AVF)
3.6.5 International Society of Horticultural Science (ISHS)
3.6.6 USDA Committee on Controlled Environment Technology and Use
3.6.7 National Cannabis Industry Association
3.6.8 American Society of Agricultural and Biological Engineers (ASABE)
3.6.9 Farmtech Society International Network
3.6.10 United Kingdom Controlled Environment Users' Group
3.7 Supply Chain Analysis
4 Global LED Grow Lights Market (by Power)
4.1 Assumptions and Limitations for Analysis and Forecast of the Global LED Grow Lights Market
4.2 Market Overview
4.3 Low Power LED Grow Lights (<_00>
4.4 High Power LED Grow Lights (>= 300 Watts)
5 Global LED Grow Lights Market (by Spectrum)
5.1 Market Overview
5.2 Full PAR Spectrum
5.3 Partial Spectrum
5.4 Treatment Spectrum
6 Global LED Grow Lights Market (by Application)
6.1 Market Overview
6.3 Indoor Farming
6.4 Turf and Landscaping
6.5 Livestock Farming and Aquaculture
7 Global LED Grow Lights Market, (by Region)
7.1 North America
7.1.1 North America (by Application)
7.1.2 North America (by Country)
7.4 Rest-of-the-World (RoW)
8 Company Profiles
8.1 Advanced LED Lights
8.1.1 Company Overview
8.1.2 Role of Advanced LED Lights in the LED Grow Lights Market
8.1.3 SWOT Analysis
8.2 Agrilight B.V.
8.3 California LightWorks
8.4 Cirrus Systems, Inc.
8.5 Cree, Inc.
8.6 Current by General Electric
8.8 Everlight Electronics Co. Ltd.
8.9 GEA Group
8.10 Heliospectra AB
8.12 LedsMaster LED Lighting
8.15 OSRAM Litch AG
8.16 PlatinumLED Lights LLC
8.17 Planet Lighting Ltd
8.18 Pro Max Grow
8.19 RHENAC GreenTec AG
8.20 San'an Optoelectronics Ltd.
8.21 Signify N.V.
8.22 Stadium Grow Lighting
8.23 Shenzhen Honteck-Wins Electronics Co. Ltd.
8.24 TSL Green Growing Solutions Litch AG
For more information about this report visit https://www.researchandmarkets.com/r/ucfymc
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