Dublin, Oct. 19, 2017 (GLOBE NEWSWIRE) -- The "Global LED Grow Lights Market, Analysis & Forecast - 2017 to 2021: Focus on Power Consumption (Low Power and High Power), Spectrum (Partial and Full), and Application (Commercial Greenhouse, Indoor Farming, Vertical Farming, and Turf & Landscaping)" report has been added to Research and Markets' offering.
With the increase in population and urbanization, the demand for food has increased. Also the need to reduce energy consumption and increasing emphasis on food security have helped the market for LED grow lights to flourish. This combined with developing trend for indoor farming have led to the growth of the LED grow lights market, which is expected to grow at a CAGR of 28.9% through 2016 to 2021.
The report is a compilation of the different segments of global LED grow lights market, including market breakdown by application, power consumption, spectrum type and geographical areas. Herein the revenue generated from the applications, namely: commercial greenhouse, indoor farming, vertical farming, turf and landscaping, and others (Research); power consumption, namely: low power consuming (<300W) and high power consuming (>=300W); spectrum type, namely; full spectrum and partial spectrum and geography, namely:
North America, Europe, Asia-Pacific, South America, and Middle East and Africa is tracked to calculate the overall market size. The report also provides market numbers and analysis on cross segments which include power consumption by application and spectrum type by application. While highlighting the key driving and restraining forces for this market, the report also provides a detailed summary of the LED grow lights market. It also includes the key participants involved in the industry at the relevant sections.
The report answers the following questions about the global LED grow lights market:
- What is the size, in terms of value ($million) of LED grow lights market in 2016, and growth rate during the forecast period, 2016-2021?
- What are different types of applications of LED grow lights?
- What is the market share of different types of LED grow lights on basis of power consumption and their growth rate during the forecast period, 2016-2021?
- What is the market share of different types of LED grow lights on basis of spectrum type and their growth rate during the forecast period, 2016-2021?
- What is the market size of different power consuming LED grow lights, in terms of value, on the basis of different applications?
- What is the market size of different spectrum emitting LED grow lights, in terms of value, on the basis of different applications?
- What is the LED grow lights market size for different regions and countries in terms of value?
- What are the key trends and opportunities in LED grow lights market, pertaining to countries included in different geographical regions?
- How attractive is the market for different stakeholders present in the industry by analyzing the futuristic scenario of LED grow lights?
- What are the major driving forces that tend to increase the demand for LED grow lights during the forecast period?
- What are the major challenges inhibiting the growth of the global LED grow market?
- What kind of new strategies is being adopted by existing market players to make a mark in the industry?
- What is the competitive strength of key players in the LED grow market by analyzing through market share analysis?
- What are the key market players in the market, along with their detailed analysis & profiles (including their financials, company snapshots, key products & services, and SWOT analysis)?
Key Topics Covered:
Executive Summary
1 Report Scope & Methodology
1.1 Report Scope
1.2 The LED Grow Lights Market Research Methodology
1.2.1 Assumptions & Limitations
1.2.2 Primary Data Sources
1.2.3 Secondary Data Sources
1.2.4 Data Triangulation
1.2.5 Data Analysing & Market Estimation
2 Market Dynamics
2.1 Drivers
2.1.1 Need to Reduce Energy Consumption
2.1.2 Increasing Emphasis on Food Security
2.1.3 Developing Trend for Indoor Farming
2.2 Restraints
2.2.1 Large Capital Requirement
2.2.2 Lack of Quality Standards for LED Grow Lights
2.3 Opportunities
2.3.1 Promotion of Vertical Farms
2.3.2 Expansion of Smart Phone Technology
3 Competitive Landscape
3.1 Key Market Development & Strategies
3.1.1 Partnerships, Agreements & Joint Ventures
3.1.2 Product Launches
3.1.3 Business Expansion
3.1.4 Mergers & Acquisitions
3.1.5 Others (Awards, Recognitions, Conferences & Expo)
3.2 Industry Attractiveness
3.2.1 Threat of New Entrants
3.2.2 Bargaining Power of Buyers
3.2.1 Bargaining Power of Suppliers
3.2.2 Threat from Substitutes
3.2.3 Intensity of Competitive Rivalry
4 Industry Analysis
4.1 Opportunity Matrix
4.2 Country Share Analysis
4.3 R&D Analysis
4.4 Ranking of Key Companies
5 Global LED Grow Lights Market by Power Consumption
5.1 Assumptions & Limitations for Analysis and Forecast of the Global LED Grow Lights Market
5.2 Market Overview
5.3 Low Power LED Grow Lights
5.4 High Power LED Grow Lights
6 Global LED Grow Lights Market by Spectrum
6.1 Partial Spectrum
6.2 Full Spectrum
7 Global LED Grow Lights Market by Application
7.1 Commercial Greenhouse
7.2 Indoor Farming
7.3 Vertical Farming
7.4 Turf and Landscaping
7.5 Others
7.5.1 Other Applications by Geography
8 Global LED Grow Lights Market by Region
9 Company Profiles
- Advanced LED Lights
- California LightWorks
- Cirrus Systems, Inc.
- Cree, Inc.
- Everlight Electronics Co. Ltd
- General Electric
- Heliospectra AB
- High Power 4s
- Illumitex
- Lumigrow
- OSRAM Licht AG
- Philips Lighting
- Platinum LED Lights LLC
- Pro Max Grow
For more information about this report visit https://www.researchandmarkets.com/research/7xb7lf/global_led_grow