The LED grow lights market growth is majorly driven by factors such as rise in the demand for food globally and increasing push from government for the adoption of alternative agricultural practices. Along with this, the initiative by many governments to ban the traditional grow lights has also benefitted the LED grow lights industry. However, factors such as considerable investments to adopt technologically advanced LED grow lights and consequent profitability hamper the overall market growth. Moreover, the development of cost-efficient LED grow light technologies for indoor vertical farms are anticipated to create numerous opportunities for the market growth.
Read Report Overview: LED Grow Lights Market
The LED Grow Lights Industry Analysis by BIS Research projects the market to grow at a significant CAGR of 23.15% during the forecast period from 2019 to 2024. Governments are increasingly concerned about the growing food demand of the global population. Extremities in global climate is highly impacting the overall agricultural output. The growing protein demand is also raising concerns for the quality and amount of yield produced. Therefore, to meet the global food demand, making use of LED grow lights to operate indoor farms and greenhouses is increasingly being adopted by the growers currently.
The LED grow lights market (on the basis of spectrum type) has been segmented into full PAR spectrum, partial spectrum, and treatment spectrum. The full PAR segment dominated the global LED grow lights market in 2018 and is anticipated to maintain its dominance throughout the forecast period (2019-2024).
The LED grow lights market on the basis of application type has been segmented into greenhouses, indoor farms, turf and landscaping, livestock farming and aquaculture, and research. The greenhouse segment dominated the global LED grow lights market in 2018 and is anticipated to maintain its dominance throughout the forecast period.
The LED grow lights market by region has been segregated under four major regions, such as North America, Europe, APAC and Rest-of-the-World. Data for each of these regions is provided by application type and by country.
Scope of the Global LED Grow Lights Market
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.
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Key Companies in the LED Grow Lights Industry
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 Questions Answered in this Report:
- How are LED grow lights a viable solution to the increasing global food demand and depleting natural resources?
- What are the major factors promoting the uptake of LED grow light technologies?
- How is the high investment cost affecting the overall adoption of LED grow lights by growers? What type of solutions can be undertaken by the companies to overcome the cost factor?
- How competitive is the industry in terms of market developments by key players such as business expansions, collaborations, acquisitions, agreements, and new product developments?
- What are the key strategies, both inorganic and organic, that are being adopted by market participants to expand their market share, regionally as well as in new product lines?
- What is the positioning of the leading players in the lighting systems market on the basis of their revenue contribution?
- What has been the investment and funding landscape in the global LED lights market in the last three years? How attractive is the market for emerging start-ups?
- Which is the most common application area to deploy LED grow lights? What is the expected growth potential for different applications during the forecast period, 2019-2024?
- Which are the leading players offering technologies for different facilities in the LED grow lights?
- What is the expected future scenario and revenue generated by different types of LED grow lights including hardware systems, software, and services?
- What are the emerging crop types that are expected to be compatible with LED grow lights market?
- Which is the most dominant region in terms of technology adoption, revenue generation, and presence of companies, as of 2018?
- What are the internal and external factors that impact the company's positioning in the market?
LED lights can be utilized for starting seeds yet they will definitely need to have a ton of light and also may call for some coziness.
Utilize a bulb along with a Kelvin temp of at least 5,000 when you are actually beginning with seeds since they require the maximum amount of light in the course of that condition in their growth.
Get the finest LED grow lights in UK at economical and pocket-friendly prices.
LED Hydroponics is offering a huge discount on the LED light products.
Almost exclusively used indoors, these are simple solutions to add a light source to existing grows through darker winter months.
No matter what you are considering a grow light for, they are more than popular with garden and plant enthusiasts of all experience, these are well worth (cheap)HOW DO GROW LIGHTS WORK?As mentioned, grow lights influence plant growth by providing specific spectral wavelengths.
Without light, plants will struggle for nutrients and many will look poorly and may not produce at all.
Do not worry though, because there are always ways to save money on grow equipment, and you can start small.In this article we will go over the best cheap grow lights for cannabis growers in 2018.
The drawback here is that bulbs need to be replaced yearly, and you have to use separate bulbs for vegetative and flowering.HPS also consumes a lot of electricity, which can increase your monthly bill.
While the initial cost is higher than the alternatives, LED grow lights can actually save you more money in the long run.LED grow lights are plug-n-play.
