Led Grow Lights Market Share Trends & Strategy Framework To 2018-2021: Radiant Insights, Inc

The LED grow lights market is poised to reach USD 1.8 billion by 2021. It had a previous turnaround of USD 395 million in 2014. Growth is anticipated on account of plant factory and nursery owners use it to improve their cultivation. With people being more health-conscious, they tend to avoid to food grown with pesticides. The market is expected to capitalize on this trend with large warehouse plant factories intent on producing seedlings.

LED grow lights are an artificial source of light needed to provide nourishment through photosynthesis. It is used in an environment or a season where daylight is insufficient for the plant’s growth. The plant is grown in a staged environment which imitates its natural surroundings, giving it a chance to blossom.

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LED grow lights are being adopted by vertical farming due to its energy efficiency and low heat emission. With government regulations supporting energy-efficiency lighting, it is driving the LED grow lights market. Next-generation grow lights provide high efficiency, low power, uniform light pattern and distribution at the right spectrum and ratios necessary for photosynthesis.

Demand for plants and vegetables have not been able to match the supply. This has led to a factory automated plant factory which produces vegetables regardless of the weather. Highest growth rate can be seen in North America and Europe due to the countries in the regions adopting the technology rather quickly. Asia Pacific will grow at a significant pace as awareness of the technology spreads.

Demand for growing food locally, need to improve the yield per unit area without harming the environment, and restricted space for farming are the major factors driving the LED grow lights market. The market offers growth in the form of technological advances in grow lights, combined use of natural and artificial lights to sustain plant growth, and developing a solar-based plant factory.

Products in the market are low power (<300 W) and high power (>300 W). Applications encompass vertical farming, indoor farming, turf and landscaping, commercial greenhouse, and research.

Major players involved in the LED grow lights market are Heliospectra AB, Alta LED Corporation, Lumigrow, Inc., Osram Licht AG, and General Electric Company.

Companies Profiled

- Illumitex

- Everlight Electronics

- Opto-LED Technology

- Syhdee

- Epistar

- Philips

- GE

- Sanxinbao Semiconductor

- Valoya

- LumiGrow

Browse Full Report with TOC  - https://www.radiantinsights.com/research/led-grow-lights-market

Market Participants

- Advanced Lighting Technologies

- Black Dog LED

- Conviron

- Daystar

- Dalsem Group

- Delta Group

- Iwasaki EYE Hortilux

- Epistar

- Everlight Electronics

- General Electric (GE)

- General Hydroponics

- Gl Flora

- Genesis Photonics (GPI)

- Hon Hai

- Hon Hai Precision Industry Ltd / Foxconn

- Fujitsu

- General Hydroponics

- Genesis Photonics (GPI)

- Grow Northern

- GrowBlu

- GYLED Grille LED Lights

- Hydrofarm

- Hon Hai

- Hydrofarm

- Hydroponics Equipment And High-Intensity Grow Lights

- Hydrofarm AgroSun Gold Halide

- Iwasaki Electric

- Iwasaki EYE Hortilux™

- LEDengine

- LEDsense Technologies / Solid Apollo LED Lighting

- LumiGrow

- Nihon Advanced Agri

- Novagant

- Opto-LED Technology

- Ozu Corporation

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