According to Goldstein Research, major driving factor for LED grow light market is the increasing investment by the government for green house technology such as LEDs and banning on the usage of incandescent bulbs. The European and US government has phase out halogen lamps and is focusing only on the LED light production. Global LED grow light market outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the globe. Additionally, Asia Pacific dominated the global LED grow light market with a market share of more than 38.02% in 2016 and it is expected to maintain its dominance over the forecast period owing to the increase in the population.
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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
Based on Geography
• North America (U.S. & Canada) LED grow light Market {Market Share (%), Market Size(USD Billion)}
• Latin America (Brazil, Mexico, Argentina & Rest of Latin America) LED grow light Market {Market Share (%), Market Size(USD Billion)}
• Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) LED grow light Market {Market Share (%), Market Size(USD Billion)}
• Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) LED grow light Market {Market Share (%), Market Size(USD Billion)}
• Middle East & Africa (GCC, South Africa, North Africa, RoMEA) LED grow light Market {Market Share (%), Market Size(USD Billion)}

“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 type, by range, by plant type, by device type and by applications.

Further, for the in-depth analysis, LED Grow Light Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This industry analysis report also includes competitive outlook of some of the major players profiling of companies such as hilips, Osram, General Electric, Easy Agricultural, Illumitex, Fionia Lighting, Lumigrow, Kind LED Grow Lights, California and LightWorks. 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 players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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