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Grow Light Market (Technology: LED, Fluorescent, High Intensity Discharge and Others; and Application: Indoor Farming, Vertical Farming, Greenhouse, Research, Turf, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2031
Market Report I 2024-01-02 I 245 Pages I Transparency Market Research
Grow Light Market - Scope of Report
TMR's report on the global grow light market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2023 to 2031. The report provides revenue of the global grow light market for the period 2017-2031, considering 2023 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global grow light market from 2023 to 2031.
The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players' product literature, annual reports, press releases, and relevant documents to understand the grow light market.
Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global grow light market.
The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report throws light on the changing competitive dynamics in the global grow light market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global grow light market.
The report delves into the competitive landscape of the global grow light market. Key players operating in the global grow light market have been identified and each one of these has been profiled in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are the attributes of players in the global grow light market profiled in this report.
Key Questions Answered in Global grow light Market Report
- What is the sales/revenue generated by grow light across all regions during the forecast period?
- What are the opportunities in the global grow light market?
- What are the major drivers, restraints, opportunities, and threats in the market?
- Which regional market is set to expand at the fastest CAGR during the forecast period?
- Which segment is expected to generate the highest revenue globally in 2031?
- Which segment is projected to expand at the highest CAGR during the forecast period?
- What are the market positions of different companies operating in the global market?
Grow Light Market - Research Objectives and Research Approach
The comprehensive report on the global grow light market begins with an overview, followed by the scope and objectives of the study. The report provides detailed explanation of the objectives behind this study and key vendors and distributors operating in the market and regulatory scenario for approval of products.
For reading comprehensibility, the report has been compiled in a chapter-wise layout, with each section divided into smaller ones. The report comprises an exhaustive collection of graphs and tables that are appropriately interspersed. Pictorial representation of actual and projected values of key segments is visually appealing to readers. This also allows comparison of the market shares of key segments in the past and at the end of the forecast period.
The report analyzes the global grow light market in terms of product, end-user, and region. Key segments under each criterion have been studied at length, and the market share for each of these at the end of 2031 has been provided. Such valuable insights enable market stakeholders in making informed business decisions for investment in the global grow light market.
1. Preface
1.1. Market and Segment Definitions
1.2. Market Taxonomy
1.3. Research Methodology
1.4. Assumption and Acronyms
2. Executive Summary
2.1. Global Grow Light Market Overview
2.2. Regional Outline
2.3. Industry Outline
2.4. Market Dynamics Snapshot
2.5. Competition Blueprint
3. Market Dynamics
3.1. Macro-economic Factors
3.2. Drivers
3.3. Restraints
3.4. Opportunities
3.5. Key Trends
3.6. Regulatory Framework
4. Associated Industry and Key Indicator Assessment
4.1. Parent Industry Overview - Industry Automation Overview
4.2. Ecosystem Analysis
4.3. Pricing Analysis
4.4. Technology Roadmap Analysis
4.5. Industry SWOT Analysis
4.6. Porter Five Forces Analysis
5. Global Grow Light Market Analysis, by Technology
5.1. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Technology, 2017-2031
5.1.1. LED
5.1.2. Fluorescent
5.1.3. High Intensity Discharge (HID)
5.1.4. Others
6. Global Grow Light Market Analysis, by Application
6.1. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031
6.1.1. Indoor Farming
6.1.2. Vertical Farming
6.1.3. Greenhouse
6.1.4. Research
6.1.5. Turf
6.1.6. Others
6.2. Market Attractiveness Analysis, by Application
7. Global Grow Light Market Analysis and Forecast, by Region
7.1. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Region, 2017-2031
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Middle East & Africa
7.1.5. South America
7.2. Market Attractiveness Analysis, by Region
8. North America Grow Light Market Analysis and Forecast
8.1. Market Snapshot
8.2. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Technology, 2017-2031
8.2.1. LED
8.2.2. Fluorescent
8.2.3. High Intensity Discharge (HID)
8.2.4. Others
8.3. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031
8.3.1. Indoor Farming
8.3.2. Vertical Farming
8.3.3. Greenhouse
8.3.4. Research
8.3.5. Turf
8.3.6. Others
8.4. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Country, 2017-2031
8.4.1. U.S.
8.4.2. Canada
8.4.3. Rest of North America
8.5. Market Attractiveness Analysis
8.5.1. By Technology
8.5.2. By Application
8.5.3. By Country/Sub-region
9. Europe Grow Light Market Analysis and Forecast
9.1. Market Snapshot
9.2. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Technology, 2017-2031
9.2.1. LED
9.2.2. Fluorescent
9.2.3. High Intensity Discharge (HID)
9.2.4. Others
9.3. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031
9.3.1. Indoor Farming
9.3.2. Vertical Farming
9.3.3. Greenhouse
9.3.4. Research
9.3.5. Turf
9.3.6. Others
9.4. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017-2031
9.4.1. U.K.
9.4.2. Germany
9.4.3. France
9.4.4. Rest of Europe
9.5. Market Attractiveness Analysis
9.5.1. By Technology
9.5.2. By Application
9.5.3. By Country/Sub-region
10. Asia Pacific Grow Light Market Analysis and Forecast
10.1. Market Snapshot
10.2. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Technology, 2017-2031
10.2.1. LED
10.2.2. Fluorescent
10.2.3. High Intensity Discharge (HID)
10.2.4. Others
10.3. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031
10.3.1. Indoor Farming
10.3.2. Vertical Farming
10.3.3. Greenhouse
10.3.4. Research
10.3.5. Turf
10.3.6. Others
10.4. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017-2031
10.4.1. China
10.4.2. Japan
10.4.3. India
10.4.4. South Korea
10.4.5. ASEAN
10.4.6. Rest of Asia Pacific
10.5. Market Attractiveness Analysis
10.5.1. By Technology
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Middle East & Africa Grow Light Market Analysis and Forecast
11.1. Market Snapshot
11.2. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Technology, 2017-2031
11.2.1. LED
11.2.2. Fluorescent
11.2.3. High Intensity Discharge (HID)
11.2.4. Others
11.3. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031
11.3.1. Indoor Farming
11.3.2. Vertical Farming
11.3.3. Greenhouse
11.3.4. Research
11.3.5. Turf
11.3.6. Others
11.4. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017-2031
11.4.1. GCC
11.4.2. South Africa
11.4.3. Rest of Middle East & Africa
11.5. Market Attractiveness Analysis
11.5.1. By Technology
11.5.2. By Application
11.5.3. By Country/Sub-region
12. South America Grow Light Market Analysis and Forecast
12.1. Market Snapshot
12.2. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Technology, 2017-2031
12.2.1. LED
12.2.2. Fluorescent
12.2.3. High Intensity Discharge (HID)
12.2.4. Others
12.3. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Application, 2017-2031
12.3.1. Indoor Farming
12.3.2. Vertical Farming
12.3.3. Greenhouse
12.3.4. Research
12.3.5. Turf
12.3.6. Others
12.4. Grow Light Market Size (US$ Mn) Analysis & Forecast, by Country and Sub-region, 2017-2031
12.4.1. Brazil
12.4.2. Rest of South America
12.5. Market Attractiveness Analysis
12.5.1. By Technology
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Competition Assessment
13.1. Global Grow Light Market Competition Matrix - a Dashboard View
13.1.1. Global Grow Light Market Company Share Analysis, by Value (2022)
13.1.2. Technological Differentiator
14. Company Profiles (Global Manufacturers/Suppliers)
14.1. LumiGrow Inc.
14.1.1. Overview
14.1.2. Technology Portfolio
14.1.3. Sales Footprint
14.1.4. Key Subsidiaries or Distributors
14.1.5. Strategy and Recent Developments
14.1.6. Key Financials
14.2. Philips Lighting
14.2.1. Overview
14.2.2. Technology Portfolio
14.2.3. Sales Footprint
14.2.4. Key Subsidiaries or Distributors
14.2.5. Strategy and Recent Developments
14.2.6. Key Financials
14.3. General Electric Company
14.3.1. Overview
14.3.2. Technology Portfolio
14.3.3. Sales Footprint
14.3.4. Key Subsidiaries or Distributors
14.3.5. Strategy and Recent Developments
14.3.6. Key Financials
14.4. Lumileds Holding B.V.
14.4.1. Overview
14.4.2. Technology Portfolio
14.4.3. Sales Footprint
14.4.4. Key Subsidiaries or Distributors
14.4.5. Strategy and Recent Developments
14.4.6. Key Financials
14.5. Signify Holding
14.5.1. Overview
14.5.2. Technology Portfolio
14.5.3. Sales Footprint
14.5.4. Key Subsidiaries or Distributors
14.5.5. Strategy and Recent Developments
14.5.6. Key Financials
14.6. Heliospectra AB
14.6.1. Overview
14.6.2. Technology Portfolio
14.6.3. Sales Footprint
14.6.4. Key Subsidiaries or Distributors
14.6.5. Strategy and Recent Developments
14.6.6. Key Financials
14.7. Gavita International B.V.
14.7.1. Overview
14.7.2. Technology Portfolio
14.7.3. Sales Footprint
14.7.4. Key Subsidiaries or Distributors
14.7.5. Strategy and Recent Developments
14.7.6. Key Financials
14.8. Lumitex, LLC.
14.8.1. Overview
14.8.2. Technology Portfolio
14.8.3. Sales Footprint
14.8.4. Key Subsidiaries or Distributors
14.8.5. Strategy and Recent Developments
14.8.6. Key Financials
14.9. AMS-OSRAM
14.9.1. Overview
14.9.2. Technology Portfolio
14.9.3. Sales Footprint
14.9.4. Key Subsidiaries or Distributors
14.9.5. Strategy and Recent Developments
14.9.6. Key Financials
14.10. Scotts Miracle-Gro Company
14.10.1. Overview
14.10.2. Technology Portfolio
14.10.3. Sales Footprint
14.10.4. Key Subsidiaries or Distributors
14.10.5. Strategy and Recent Developments
14.10.6. Key Financials
15. Go to Market Strategy
15.1. Identification of Potential Market Spaces
15.2. Preferred Sales & Marketing Strategy
List of Tables
Table 1: Global Grow Light Market Value (US$ Mn) & Forecast, by Technology, 2017?2031
Table 2: Global Grow Light Market Value (US$ Mn) & Forecast, by Application, 2017?2031
Table 3: Global Grow Light Market Value (US$ Mn) & Forecast, by Region, 2017?2031
Table 4: North America Grow Light Market Value (US$ Mn) & Forecast, by Technology, 2017?2031
Table 5: North America Grow Light Market Value (US$ Mn) & Forecast, by Application, 2017?2031
Table 6: North America Grow Light Market Value (US$ Mn) & Forecast, by Country, 2017?2031
Table 7: Europe Grow Light Market Value (US$ Mn) & Forecast, by Technology, 2017?2031
Table 8: Europe Grow Light Market Value (US$ Mn) & Forecast, by Application, 2017?2031
Table 9: Europe Grow Light Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017?2031
Table 10: Asia Pacific Grow Light Market Value (US$ Mn) & Forecast, by Technology, 2017?2031
Table 11: Asia Pacific Grow Light Market Value (US$ Mn) & Forecast, by Application, 2017?2031
Table 12: Asia Pacific Grow Light Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017?2031
Table 13: Middle East & Africa Grow Light Market Value (US$ Mn) & Forecast, by Technology, 2017?2031
Table 14: Middle East & Africa Grow Light Market Value (US$ Mn) & Forecast, by Application, 2017?2031
Table 15: Middle East & Africa Grow Light Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017?2031
Table 16: South America Grow Light Market Value (US$ Mn) & Forecast, by Technology, 2017?2031
Table 17: South America Grow Light Market Value (US$ Mn) & Forecast, by Application, 2017?2031
Table 18: South America Grow Light Market Value (US$ Mn) & Forecast, by Country and Sub-region, 2017?2031
List of Figures
Figure 01: Supply Chain Analysis - Global Grow Light Market
Figure 02: Porter's Five Forces Analysis - Global Grow Light Market
Figure 03: Technology Road Map - Global Grow Light Market
Figure 04: Global Grow Light Market, Value (US$ Mn), 2017-2031
Figure 05: Global Grow Light Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2017?2031
Figure 06: Global Grow Light Market Projections, by Technology, Value (US$ Mn), 2017?2031
Figure 07: Global Grow Light Market, Incremental Opportunity, by Technology, 2023?2031
Figure 08: Global Grow Light Market Share Analysis, by Technology, 2023 and 2031
Figure 09: Global Grow Light Market Projections, by Application, Value (US$ Mn), 2017?2031
Figure 10: Global Grow Light Market, Incremental Opportunity, by Application, 2017?2031
Figure 11: Global Grow Light Market Share Analysis, by Application, 2023 and 2031
Figure 12: Global Grow Light Market Projections, by Region, Value (US$ Mn), 2017?2031
Figure 13: Global Grow Light Market, Incremental Opportunity, by Region, 2023?2031
Figure 14: Global Grow Light Market Share Analysis, by Region, 2023 and 2031
Figure 15: North America Grow Light Market Size & Forecast, Value (US$ Mn), 2017?2031
Figure 16: North America Grow Light Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023?2031
Figure 17: North America Grow Light Market Projections, by Technology Value (US$ Mn), 2017?2031
Figure 18: North America Grow Light Market, Incremental Opportunity, by Technology, 2023?2031
Figure 19: North America Grow Light Market Share Analysis, by Technology, 2023 and 2031
Figure 20: North America Grow Light Market, Incremental Opportunity, by Application, 2023?2031
Figure 21: North America Grow Light Market Share Analysis, by Application, 2023 and 2031
Figure 22: North America Grow Light Market Projections, by Country, Value (US$ Mn), 2023?2031
Figure 23: North America Grow Light Market, Incremental Opportunity, by Country and Sub-region, 2023?2031
Figure 24: North America Grow Light Market Share Analysis, by Country, 2023 and 2031
Figure 25: Europe Grow Light Market Size & Forecast, Value (US$ Mn), 2017?2031
Figure 26: Europe Grow Light Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023?2031
Figure 27: Europe Grow Light Market Projections, by Technology Value (US$ Mn), 2023?2031
Figure 28: Europe Grow Light Market, Incremental Opportunity, by Technology, 2023?2031
Figure 29: Europe Grow Light Market Share Analysis, by Technology, 2023 and 2031
Figure 30: Europe Grow Light Market Projections, by Application, Value (US$ Mn), 2017?2031
Figure 31: Europe Grow Light Market, Incremental Opportunity, by Application, 2023?2031
Figure 32: Europe Grow Light Market Share Analysis, by Application, 2023 and 2031
Figure 33: Europe Grow Light Market Projections, by Country and Sub-region, Value (US$ Mn), 2017?2031
Figure 34: Europe Grow Light Market, Incremental Opportunity, by Country and Sub-region, 2023?2031
Figure 35: Europe Grow Light Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 36: Asia Pacific Grow Light Market Size & Forecast, Value (US$ Mn), 2017?2031
Figure 37: Asia Pacific Grow Light Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023?2031
Figure 38: Asia Pacific Grow Light Market Projections, by Technology Value (US$ Mn), 2017?2031
Figure 39: Asia Pacific Grow Light Market, Incremental Opportunity, by Technology, 2023?2031
Figure 40: Asia Pacific Grow Light Market Share Analysis, by Technology, 2023 and 2031
Figure 41: Asia Pacific Grow Light Market Projections, by Application, Value (US$ Mn), 2017?2031
Figure 42: Asia Pacific Grow Light Market, Incremental Opportunity, by Application, 2023?2031
Figure 43: Asia Pacific Grow Light Market Share Analysis, by Application, 2023 and 2031
Figure 44: Asia Pacific Grow Light Market Projections, by Country and Sub-region, Value (US$ Mn), 2017?2031
Figure 45: Asia Pacific Grow Light Market, Incremental Opportunity, by Country and Sub-region, 2023?2031
Figure 46: Asia Pacific Grow Light Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 47: Middle East & Africa Grow Light Market Size & Forecast, Value (US$ Mn), 2017?2031
Figure 48: Middle East & Africa Grow Light Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023?2031
Figure 49: Middle East & Africa Grow Light Market Projections, by Technology Value (US$ Mn), 2017?2031
Figure 50: Middle East & Africa Grow Light Market, Incremental Opportunity, by Technology, 2023?2031
Figure 51: Middle East & Africa Grow Light Market Share Analysis, by Technology, 2023 and 2031
Figure 52: Middle East & Africa Grow Light Market Projections, by Application, Value (US$ Mn), 2017?2031
Figure 53: Middle East & Africa Grow Light Market, Incremental Opportunity, by Application, 2023?2031
Figure 54: Middle East & Africa Grow Light Market Share Analysis, by Application, 2023 and 2031
Figure 55: Middle East & Africa Grow Light Market Projections, by Country and Sub-region, Value (US$ Mn), 2017?2031
Figure 56: Middle East & Africa Grow Light Market, Incremental Opportunity, by Country and Sub-region, 2023?2031
Figure 57: Middle East & Africa Grow Light Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 58: South America Grow Light Market Size & Forecast, Value (US$ Mn), 2017?2031
Figure 59: South America Grow Light Market Size & Forecast, Y-O-Y, Value (US$ Mn), 2023?2031
Figure 60: South America Grow Light Market Projections, by Technology Value (US$ Mn), 2017?2031
Figure 61: South America Grow Light Market, Incremental Opportunity, by Technology, 2023?2031
Figure 62: South America Grow Light Market Share Analysis, by Technology, 2023 and 2031
Figure 63: South America Grow Light Market Projections, by Application, Value (US$ Mn), 2017?2031
Figure 64: South America Grow Light Market, Incremental Opportunity, by Application, 2023?2031
Figure 65: South America Grow Light Market Share Analysis, by Application, 2023 and 2031
Figure 66: South America Grow Light Market Projections, by Country and Sub-region, Value (US$ Mn), 2017?2031
Figure 67: South America Grow Light Market, Incremental Opportunity, by Country and Sub-region, 2023?2031
Figure 68: South America Grow Light Market Share Analysis, by Country and Sub-region 2023 and 2031
Figure 69: Global Grow Light Market Competition
Figure 70: Global Grow Light Market Company Share Analysis
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