Global Plant Factory Grow Lights Market Research Report 2023(Status and Outlook)
Report Overview
A closed system of farming wherein a farmer or a farm technician attempts to achieve farm production under regulated conditions which have been created artificially is known as plant factory. Plant factories are generally used for the purpose of growing organic vegetables. This needs artificial control of temperature, light, carbon dioxide and moisture. Grow light is an artificial source of light which are designed to emit electromagnetic spectrum which is suitable for the photosynthesis purpose. Grow light is useful for warehouse food production. Visible light has a different spectrum as compared to grow light. The spectrum of grow lights can be optimized according to plant. The productivity of crops increases by a significant factor due to plant factory practice.
The Global Plant Factory Grow Lights Market Size was estimated at USD 2826.6 million in 2022 and is projected to reach USD 6094.16 million by 2029, exhibiting a CAGR of 11.60% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Plant Factory 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 Plant Factory 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 Plant Factory Grow Lights market in any manner.
Global Plant Factory 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
APL engineered material
Daystar
Advanced lighting Technologies
Philips
General Electric
Hydrofarm
Iwasaki Electric
Sun System
Market Segmentation (by Type)
High-Intensity Discharge
Fluorescent Lighting
LED
Others
Market Segmentation (by Application)
Hospitals
Homecare
Geographic Segmentation
North 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 Plant Factory Grow Lights Market
Overview of the regional outlook of the Plant Factory 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
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Plant Factory Grow Lights
- 1.2 Key Market Segments
- 1.2.1 Plant Factory Grow Lights Segment by Type
- 1.2.2 Plant Factory 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 Plant Factory Grow Lights Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Plant Factory Grow Lights Market Size (M USD) Estimates and Forecasts (2018-2029)
- 2.1.2 Global Plant Factory Grow Lights Sales Estimates and Forecasts (2018-2029)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Plant Factory Grow Lights Market Competitive Landscape
- 3.1 Global Plant Factory Grow Lights Sales by Manufacturers (2018-2023)
- 3.2 Global Plant Factory Grow Lights Revenue Market Share by Manufacturers (2018-2023)
- 3.3 Plant Factory Grow Lights Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.4 Global Plant Factory Grow Lights Average Price by Manufacturers (2018-2023)
- 3.5 Manufacturers Plant Factory Grow Lights Sales Sites, Area Served, Product Type
- 3.6 Plant Factory Grow Lights Market Competitive Situation and Trends
- 3.6.1 Plant Factory Grow Lights Market Concentration Rate
- 3.6.2 Global 5 and 10 Largest Plant Factory Grow Lights Players Market Share by Revenue
- 3.6.3 Mergers & Acquisitions, Expansion
- 4 Plant Factory Grow Lights Industry Chain Analysis
- 4.1 Plant Factory 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 Plant Factory 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 Plant Factory Grow Lights Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Plant Factory Grow Lights Sales Market Share by Type (2018-2023)
- 6.3 Global Plant Factory Grow Lights Market Size Market Share by Type (2018-2023)
- 6.4 Global Plant Factory Grow Lights Price by Type (2018-2023)
- 7 Plant Factory Grow Lights Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Plant Factory Grow Lights Market Sales by Application (2018-2023)
- 7.3 Global Plant Factory Grow Lights Market Size (M USD) by Application (2018-2023)
- 7.4 Global Plant Factory Grow Lights Sales Growth Rate by Application (2018-2023)
- 8 Plant Factory Grow Lights Market Segmentation by Region
- 8.1 Global Plant Factory Grow Lights Sales by Region
- 8.1.1 Global Plant Factory Grow Lights Sales by Region
- 8.1.2 Global Plant Factory Grow Lights Sales Market Share by Region
- 8.2 North America
- 8.2.1 North America Plant Factory 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 Plant Factory 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 Plant Factory 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 Plant Factory 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 Plant Factory 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 APL engineered material
- 9.1.1 APL engineered material Plant Factory Grow Lights Basic Information
- 9.1.2 APL engineered material Plant Factory Grow Lights Product Overview
- 9.1.3 APL engineered material Plant Factory Grow Lights Product Market Performance
- 9.1.4 APL engineered material Business Overview
- 9.1.5 APL engineered material Plant Factory Grow Lights SWOT Analysis
- 9.1.6 APL engineered material Recent Developments
- 9.2 Daystar
- 9.2.1 Daystar Plant Factory Grow Lights Basic Information
- 9.2.2 Daystar Plant Factory Grow Lights Product Overview
- 9.2.3 Daystar Plant Factory Grow Lights Product Market Performance
- 9.2.4 Daystar Business Overview
- 9.2.5 Daystar Plant Factory Grow Lights SWOT Analysis
- 9.2.6 Daystar Recent Developments
- 9.3 Advanced lighting Technologies
- 9.3.1 Advanced lighting Technologies Plant Factory Grow Lights Basic Information
- 9.3.2 Advanced lighting Technologies Plant Factory Grow Lights Product Overview
- 9.3.3 Advanced lighting Technologies Plant Factory Grow Lights Product Market Performance
- 9.3.4 Advanced lighting Technologies Business Overview
- 9.3.5 Advanced lighting Technologies Plant Factory Grow Lights SWOT Analysis
- 9.3.6 Advanced lighting Technologies Recent Developments
- 9.4 Philips
- 9.4.1 Philips Plant Factory Grow Lights Basic Information
- 9.4.2 Philips Plant Factory Grow Lights Product Overview
- 9.4.3 Philips Plant Factory Grow Lights Product Market Performance
- 9.4.4 Philips Business Overview
- 9.4.5 Philips Plant Factory Grow Lights SWOT Analysis
- 9.4.6 Philips Recent Developments
- 9.5 General Electric
- 9.5.1 General Electric Plant Factory Grow Lights Basic Information
- 9.5.2 General Electric Plant Factory Grow Lights Product Overview
- 9.5.3 General Electric Plant Factory Grow Lights Product Market Performance
- 9.5.4 General Electric Business Overview
- 9.5.5 General Electric Plant Factory Grow Lights SWOT Analysis
- 9.5.6 General Electric Recent Developments
- 9.6 Hydrofarm
- 9.6.1 Hydrofarm Plant Factory Grow Lights Basic Information
- 9.6.2 Hydrofarm Plant Factory Grow Lights Product Overview
- 9.6.3 Hydrofarm Plant Factory Grow Lights Product Market Performance
- 9.6.4 Hydrofarm Business Overview
- 9.6.5 Hydrofarm Recent Developments
- 9.7 Iwasaki Electric
- 9.7.1 Iwasaki Electric Plant Factory Grow Lights Basic Information
- 9.7.2 Iwasaki Electric Plant Factory Grow Lights Product Overview
- 9.7.3 Iwasaki Electric Plant Factory Grow Lights Product Market Performance
- 9.7.4 Iwasaki Electric Business Overview
- 9.7.5 Iwasaki Electric Recent Developments
- 9.8 Sun System
- 9.8.1 Sun System Plant Factory Grow Lights Basic Information
- 9.8.2 Sun System Plant Factory Grow Lights Product Overview
- 9.8.3 Sun System Plant Factory Grow Lights Product Market Performance
- 9.8.4 Sun System Business Overview
- 9.8.5 Sun System Recent Developments
- 10 Plant Factory Grow Lights Market Forecast by Region
- 10.1 Global Plant Factory Grow Lights Market Size Forecast
- 10.2 Global Plant Factory Grow Lights Market Forecast by Region
- 10.2.1 North America Market Size Forecast by Country
- 10.2.2 Europe Plant Factory Grow Lights Market Size Forecast by Country
- 10.2.3 Asia Pacific Plant Factory Grow Lights Market Size Forecast by Region
- 10.2.4 South America Plant Factory Grow Lights Market Size Forecast by Country
- 10.2.5 Middle East and Africa Forecasted Consumption of Plant Factory Grow Lights by Country
- 11 Forecast Market by Type and by Application (2024-2029)
- 11.1 Global Plant Factory Grow Lights Market Forecast by Type (2024-2029)
- 11.1.1 Global Forecasted Sales of Plant Factory Grow Lights by Type (2024-2029)
- 11.1.2 Global Plant Factory Grow Lights Market Size Forecast by Type (2024-2029)
- 11.1.3 Global Forecasted Price of Plant Factory Grow Lights by Type (2024-2029)
- 11.2 Global Plant Factory Grow Lights Market Forecast by Application (2024-2029)
- 11.2.1 Global Plant Factory Grow Lights Sales (K Units) Forecast by Application
- 11.2.2 Global Plant Factory Grow Lights Market Size (M USD) Forecast by Application (2024-2029)
- 12 Conclusion and Key Findings
Research Assistance
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