Light-emitting diode (LED) grow lights market, Growth in indoor farming to boost market growth - Technavio

The market forecast report extensively covers segmentation by:

• Application - Commercial greenhouses, vertical farming, and others
• Geography - Europe, North America, APAC, South America, and Middle East and Africa

Read the 120-page report with TOC on "Light-emitting Diode (LED) Grow Lights Market 
Analysis Report by Application (Commercial greenhouses, Vertical farming, and Others)
and Geography (Europe, North America, APAC, South America, and the Middle East and
Africa), and the Segment Forecasts,2022-2026". Request Sample Report.

Key Market Driver

One of the main factors boosting market growth is the expansion of indoor farming. Changes in average temperatures, rainfall, and heat waves are just a few of the ways that climate change impacts agricultural land and crop productivity. A new method of farming called indoor farming eliminates the risk of climate change while allowing for speedy and reliable production. With a full range of programmable parameters, indoor farming is suitable for a wide variety of crops and offers the best growing circumstances for each crop variety.

However, high installation and setup costs are one of the challenges hindering the market growth.

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The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Advanced Grow lights
• Black Dog Grow Technologies Inc.
• Bridgelux Inc.
• Cidly Co.Ltd.
• Controlled Environments Ltd.
• General Electric Co.
• GrowRay Lighting Technologies
• Heliospectra AB
• Kessil
• Kind LED Grow Lights

Find additional highlights on the growth strategies adopted by vendors and their product
offerings, Read Latest Sample Report. 

During the projected period, the commercial greenhouses segment's market share will expand significantly. A greenhouse is a building with a transparent material, such as glass, covering its roof. The plants are raised in controlled climatic environments. They resolve the short growing season and inadequate light levels issues and have increased demand for LED grow lights. Commercial greenhouses' rising need for LED grow lights will fuel the market's expansion throughout the course of the forecast period.

View Sample Report: to know additional highlights and key points on various market
segments and their impact in coming years. 

Light-emitting Diode (LED) Grow Lights Market Geography Outlook

Europe will account for 40% of market growth. The main markets for light-emitting diode (LED) grow lights in Europe are the Netherlands and the UK. This region's market will expand more quickly than those in other areas. Over the projection period, the market expansion in Europe will be aided by the rising popularity of vertical farming.

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BLE Module Market by Application and Geography - Forecast and Analysis 2022-2026: The BLE module market share is expected to increase to USD 26.42 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 16.36%.

Smartphone Envelope Tracker IC Market by Price Range and Geography - Forecast and Analysis 2022-2026: The smartphone envelope tracker IC market share is expected to increase by USD 676.99 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.34%.

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Commercial greenhouses - Market size and forecast 2021-2026
• Exhibit 28: Chart on Commercial greenhouses - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Commercial greenhouses - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Commercial greenhouses - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Commercial greenhouses - Year-over-year growth 2021-2026 (%)

• 5.4 Vertical farming - Market size and forecast 2021-2026
• Exhibit 32: Chart on Vertical farming - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Vertical farming - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Vertical farming - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Vertical farming - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Application
• Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.4 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026
• Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 Canada - Market size and forecast 2021-2026
• Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.10 China - Market size and forecast 2021-2026
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.11 The Netherlands - Market size and forecast 2021-2026
• Exhibit 78: Chart on The Netherlands - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on The Netherlands - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on The Netherlands - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on The Netherlands - Year-over-year growth 2021-2026 (%)

• 7.12 UK - Market size and forecast 2021-2026
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Advanced Grow lights
• Exhibit 93: Advanced Grow lights - Overview
• Exhibit 94: Advanced Grow lights - Product / Service
• Exhibit 95: Advanced Grow lights - Key offerings

• 10.4 Black Dog Grow Technologies Inc.
• Exhibit 96: Black Dog Grow Technologies Inc. - Overview
• Exhibit 97: Black Dog Grow Technologies Inc. - Product / Service
• Exhibit 98: Black Dog Grow Technologies Inc. - Key offerings

• 10.5 Bridgelux Inc.
• Exhibit 99: Bridgelux Inc. - Overview
• Exhibit 100: Bridgelux Inc. - Product / Service
• Exhibit 101: Bridgelux Inc. - Key offerings

• 10.6 General Electric Co.
• Exhibit 102: General Electric Co. - Overview
• Exhibit 103: General Electric Co. - Business segments
• Exhibit 104: General Electric Co. - Key news
• Exhibit 105: General Electric Co. - Key offerings
• Exhibit 106: General Electric Co. - Segment focus

• 10.7 Heliospectra AB
• Exhibit 107: Heliospectra AB - Overview
• Exhibit 108: Heliospectra AB - Product / Service
• Exhibit 109: Heliospectra AB - Key offerings

• 10.8 LumiGrow Inc.
• Exhibit 110: LumiGrow Inc. - Overview
• Exhibit 111: LumiGrow Inc. - Product / Service
• Exhibit 112: LumiGrow Inc. - Key offerings

• 10.9 OSRAM GmbH
• Exhibit 113: OSRAM GmbH - Overview
• Exhibit 114: OSRAM GmbH - Business segments
• Exhibit 115: OSRAM GmbH - Key offerings
• Exhibit 116: OSRAM GmbH - Segment focus

• 10.10 Senmatic A/S
• Exhibit 117: Senmatic A/S - Overview
• Exhibit 118: Senmatic A/S - Product / Service
• Exhibit 119: Senmatic A/S - Key offerings

• 10.11 Signify NV
• Exhibit 120: Signify NV - Overview
• Exhibit 121: Signify NV - Business segments
• Exhibit 122: Signify NV - Key news
• Exhibit 123: Signify NV - Key offerings
• Exhibit 124: Signify NV - Segment focus

• 10.12 SMART Global Holdings Inc.
• Exhibit 125: SMART Global Holdings Inc. - Overview
• Exhibit 126: SMART Global Holdings Inc. - Business segments
• Exhibit 127: SMART Global Holdings Inc. - Key news
• Exhibit 128: SMART Global Holdings Inc. - Key offerings
• Exhibit 129: SMART Global Holdings Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 130: Inclusions checklist
• Exhibit 131: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 132: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 133: Research methodology
• Exhibit 134: Validation techniques employed for market sizing
• Exhibit 135: Information sources

• 11.5 List of abbreviations
• Exhibit 136: List of abbreviations

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