Global Grow Lights Market Research Report 2024(Status and Outlook)

Global Grow Lights Market Research Report 2024(Status and Outlook)



Report Overview:

The Global Grow Lights Market Size was estimated at USD 2589.03 million in 2023 and is projected to reach USD 4921.61 million by 2029, exhibiting a CAGR of 11.30% during the forecast period.

This report provides a deep insight into the global Grow Lights market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Grow Lights Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Grow Lights market in any manner.

Global Grow Lights Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Royal Philips

General Electric Company

Osram Licht AG

Gavita Holland B.V.

Lumigrow Inc.

Heliospectra AB.

Iwasaki Electric Co., Ltd.

Illumitex Inc.

Hortilux Schreder B.V.

Sunlight Supply Inc

Market Segmentation (by Type)

High Intensity Discharge

Fluorescent Lighting

LED

Others

Market Segmentation (by Application)

Vertical Farming

Indoor Farming

Commercial Greenhouse

Turf and Landscaping

Research

Others

Geographic SegmentationNorth America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
    • Key Benefits of This Market Research:
    Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Grow Lights Market
  • Overview of the regional outlook of the Grow Lights Market:
    • Key Reasons to Buy this Report:
    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
  • This enables you to anticipate market changes to remain ahead of your competitors
  • You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
  • The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 6-month post-sales analyst support
    • Customization of the Report

      In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.

      Note: this report may need to undergo a final check or review and this could take about 48 hours.

      Chapter Outline

      Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

      Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Grow Lights Market and its likely evolution in the short to mid-term, and long term.

      Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

      Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

      Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

      Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

      Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

      Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

      Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

      Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

      Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

      Chapter 12 is the main points and conclusions of the report.

  • 1 Research Methodology and Statistical Scope
    1.1 Market Definition and Statistical Scope of Grow Lights
    1.2 Key Market Segments
    1.2.1 Grow Lights Segment by Type
    1.2.2 Grow Lights Segment by Application
    1.3 Methodology & Sources of Information
    1.3.1 Research Methodology
    1.3.2 Research Process
    1.3.3 Market Breakdown and Data Triangulation
    1.3.4 Base Year
    1.3.5 Report Assumptions & Caveats
    2 Grow Lights Market Overview
    2.1 Global Market Overview
    2.1.1 Global Grow Lights Market Size (M USD) Estimates and Forecasts (2019-2030)
    2.1.2 Global Grow Lights Sales Estimates and Forecasts (2019-2030)
    2.2 Market Segment Executive Summary
    2.3 Global Market Size by Region
    3 Grow Lights Market Competitive Landscape
    3.1 Global Grow Lights Sales by Manufacturers (2019-2024)
    3.2 Global Grow Lights Revenue Market Share by Manufacturers (2019-2024)
    3.3 Grow Lights Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
    3.4 Global Grow Lights Average Price by Manufacturers (2019-2024)
    3.5 Manufacturers Grow Lights Sales Sites, Area Served, Product Type
    3.6 Grow Lights Market Competitive Situation and Trends
    3.6.1 Grow Lights Market Concentration Rate
    3.6.2 Global 5 and 10 Largest Grow Lights Players Market Share by Revenue
    3.6.3 Mergers & Acquisitions, Expansion
    4 Grow Lights Industry Chain Analysis
    4.1 Grow Lights Industry Chain Analysis
    4.2 Market Overview of Key Raw Materials
    4.3 Midstream Market Analysis
    4.4 Downstream Customer Analysis
    5 The Development and Dynamics of Grow Lights Market
    5.1 Key Development Trends
    5.2 Driving Factors
    5.3 Market Challenges
    5.4 Market Restraints
    5.5 Industry News
    5.5.1 New Product Developments
    5.5.2 Mergers & Acquisitions
    5.5.3 Expansions
    5.5.4 Collaboration/Supply Contracts
    5.6 Industry Policies
    6 Grow Lights Market Segmentation by Type
    6.1 Evaluation Matrix of Segment Market Development Potential (Type)
    6.2 Global Grow Lights Sales Market Share by Type (2019-2024)
    6.3 Global Grow Lights Market Size Market Share by Type (2019-2024)
    6.4 Global Grow Lights Price by Type (2019-2024)
    7 Grow Lights Market Segmentation by Application
    7.1 Evaluation Matrix of Segment Market Development Potential (Application)
    7.2 Global Grow Lights Market Sales by Application (2019-2024)
    7.3 Global Grow Lights Market Size (M USD) by Application (2019-2024)
    7.4 Global Grow Lights Sales Growth Rate by Application (2019-2024)
    8 Grow Lights Market Segmentation by Region
    8.1 Global Grow Lights Sales by Region
    8.1.1 Global Grow Lights Sales by Region
    8.1.2 Global Grow Lights Sales Market Share by Region
    8.2 North America
    8.2.1 North America Grow Lights Sales by Country
    8.2.2 U.S.
    8.2.3 Canada
    8.2.4 Mexico
    8.3 Europe
    8.3.1 Europe Grow Lights Sales by Country
    8.3.2 Germany
    8.3.3 France
    8.3.4 U.K.
    8.3.5 Italy
    8.3.6 Russia
    8.4 Asia Pacific
    8.4.1 Asia Pacific Grow Lights Sales by Region
    8.4.2 China
    8.4.3 Japan
    8.4.4 South Korea
    8.4.5 India
    8.4.6 Southeast Asia
    8.5 South America
    8.5.1 South America Grow Lights Sales by Country
    8.5.2 Brazil
    8.5.3 Argentina
    8.5.4 Columbia
    8.6 Middle East and Africa
    8.6.1 Middle East and Africa Grow Lights Sales by Region
    8.6.2 Saudi Arabia
    8.6.3 UAE
    8.6.4 Egypt
    8.6.5 Nigeria
    8.6.6 South Africa
    9 Key Companies Profile
    9.1 Royal Philips
    9.1.1 Royal Philips Grow Lights Basic Information
    9.1.2 Royal Philips Grow Lights Product Overview
    9.1.3 Royal Philips Grow Lights Product Market Performance
    9.1.4 Royal Philips Business Overview
    9.1.5 Royal Philips Grow Lights SWOT Analysis
    9.1.6 Royal Philips Recent Developments
    9.2 General Electric Company
    9.2.1 General Electric Company Grow Lights Basic Information
    9.2.2 General Electric Company Grow Lights Product Overview
    9.2.3 General Electric Company Grow Lights Product Market Performance
    9.2.4 General Electric Company Business Overview
    9.2.5 General Electric Company Grow Lights SWOT Analysis
    9.2.6 General Electric Company Recent Developments
    9.3 Osram Licht AG
    9.3.1 Osram Licht AG Grow Lights Basic Information
    9.3.2 Osram Licht AG Grow Lights Product Overview
    9.3.3 Osram Licht AG Grow Lights Product Market Performance
    9.3.4 Osram Licht AG Grow Lights SWOT Analysis
    9.3.5 Osram Licht AG Business Overview
    9.3.6 Osram Licht AG Recent Developments
    9.4 Gavita Holland B.V.
    9.4.1 Gavita Holland B.V. Grow Lights Basic Information
    9.4.2 Gavita Holland B.V. Grow Lights Product Overview
    9.4.3 Gavita Holland B.V. Grow Lights Product Market Performance
    9.4.4 Gavita Holland B.V. Business Overview
    9.4.5 Gavita Holland B.V. Recent Developments
    9.5 Lumigrow Inc.
    9.5.1 Lumigrow Inc. Grow Lights Basic Information
    9.5.2 Lumigrow Inc. Grow Lights Product Overview
    9.5.3 Lumigrow Inc. Grow Lights Product Market Performance
    9.5.4 Lumigrow Inc. Business Overview
    9.5.5 Lumigrow Inc. Recent Developments
    9.6 Heliospectra AB.
    9.6.1 Heliospectra AB. Grow Lights Basic Information
    9.6.2 Heliospectra AB. Grow Lights Product Overview
    9.6.3 Heliospectra AB. Grow Lights Product Market Performance
    9.6.4 Heliospectra AB. Business Overview
    9.6.5 Heliospectra AB. Recent Developments
    9.7 Iwasaki Electric Co., Ltd.
    9.7.1 Iwasaki Electric Co., Ltd. Grow Lights Basic Information
    9.7.2 Iwasaki Electric Co., Ltd. Grow Lights Product Overview
    9.7.3 Iwasaki Electric Co., Ltd. Grow Lights Product Market Performance
    9.7.4 Iwasaki Electric Co., Ltd. Business Overview
    9.7.5 Iwasaki Electric Co., Ltd. Recent Developments
    9.8 Illumitex Inc.
    9.8.1 Illumitex Inc. Grow Lights Basic Information
    9.8.2 Illumitex Inc. Grow Lights Product Overview
    9.8.3 Illumitex Inc. Grow Lights Product Market Performance
    9.8.4 Illumitex Inc. Business Overview
    9.8.5 Illumitex Inc. Recent Developments
    9.9 Hortilux Schreder B.V.
    9.9.1 Hortilux Schreder B.V. Grow Lights Basic Information
    9.9.2 Hortilux Schreder B.V. Grow Lights Product Overview
    9.9.3 Hortilux Schreder B.V. Grow Lights Product Market Performance
    9.9.4 Hortilux Schreder B.V. Business Overview
    9.9.5 Hortilux Schreder B.V. Recent Developments
    9.10 Sunlight Supply Inc
    9.10.1 Sunlight Supply Inc Grow Lights Basic Information
    9.10.2 Sunlight Supply Inc Grow Lights Product Overview
    9.10.3 Sunlight Supply Inc Grow Lights Product Market Performance
    9.10.4 Sunlight Supply Inc Business Overview
    9.10.5 Sunlight Supply Inc Recent Developments
    10 Grow Lights Market Forecast by Region
    10.1 Global Grow Lights Market Size Forecast
    10.2 Global Grow Lights Market Forecast by Region
    10.2.1 North America Market Size Forecast by Country
    10.2.2 Europe Grow Lights Market Size Forecast by Country
    10.2.3 Asia Pacific Grow Lights Market Size Forecast by Region
    10.2.4 South America Grow Lights Market Size Forecast by Country
    10.2.5 Middle East and Africa Forecasted Consumption of Grow Lights by Country
    11 Forecast Market by Type and by Application (2025-2030)
    11.1 Global Grow Lights Market Forecast by Type (2025-2030)
    11.1.1 Global Forecasted Sales of Grow Lights by Type (2025-2030)
    11.1.2 Global Grow Lights Market Size Forecast by Type (2025-2030)
    11.1.3 Global Forecasted Price of Grow Lights by Type (2025-2030)
    11.2 Global Grow Lights Market Forecast by Application (2025-2030)
    11.2.1 Global Grow Lights Sales (K Units) Forecast by Application
    11.2.2 Global Grow Lights Market Size (M USD) Forecast by Application (2025-2030)
    12 Conclusion and Key Findings

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