Global LED Grow Light Market is Projected to Grow at a CAGR of 27.90% During the Forecast Period (2016-2024)

Posted on 2018-08-28 by Goldstein Research in Media // 0 Comments

New York, USA, 2018-Aug-28 — /EPR Network/ —According to Goldstein Research, major driving factor for LED grow light market is the increasing investment by the government for greenhouse technology such as LEDs and banning on the usage of incandescent bulbs. Moreover, one of the major trends in the global LED grow light market is the non-visible light spectrum such as the use of UVs or IR LEDs. Non-visible LEDs will penetrate in the industries such as the biometrics, biomedical and agricultural industries.

Global LED grow light market outlook also includes new product developments and capital investment as the key strategies adopted by the major players for significant expansion across the globe.

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Market Segmentation

On the basis of our in-depth analysis, Global LED grow light market can be segmented as follows:

By Spectrum

Partial Spectrum
Full Spectrum

By Range

60-200W
200-1000W
1000-2000W

By Plant Type

High Light Plants
Low Light Plants

By Device Type

Top Lights
Inter-Lights
TLEDs
Flowering Lamps

By Application

Horticulture
Indoor gardening
Food production

By Geography

North America (US, Canada) {Market Share (%), Market Size (USD Billion)}
Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion)}
The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion)}
Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion)}
Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion)}

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“Global LED Grow Light Market Outlook 2024” contains detailed overview of the Global LED grow light market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by spectrum, by range, grow plant type, by device type and by applications.

Further, for the comprehensive analysis, Global LED Grow Light Market Analysis encompasses the industry market challenges, growth drivers,market attractiveness, risk analysis, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Philips, Osram, General Electric, Easy Agricultural, Illumitex, Fionia Lighting, Lumigrow, Kind LED Grow Lights etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the global LED grow light market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new market players probing for opportunities and other investors to positions their market centred strategies according to the evolving and expected trends in the future.

Key questions answered in this global LED grow light market report

What is the global LED grow light market size by 2024 and what would be the expected growth rate of the industry?
What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
What are the LED grow light market trends?
What are the factors which are driving this industry?
What are the major barriers to LED grow light industry growth?
Who are the key vendors in this industry space?
What are the industry opportunities for the existing and entry level players?
What are the recent developments and business strategy of the key players?

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