The light-emitting diode (LED) grow lights market is expected to grow by USD 3.53 bn, progressing at a CAGR of over 25% during the forecast period. Download Free Sample Report
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Technavio has announced its latest market research report titled Global Light-emitting Diode (LED) Grow Lights Market 2020-2024
The growth in indoor farming is one of the major factors propelling market growth.
More details: https://www.technavio.com/report/led-grow-lights-market-industry-analysis
LED grow lights market: Application Landscape
Based on the application, the vertical farming segment is expected to post significant growth during the forecast period.
LED grow lights market: Geographic Landscape
By geography, Europe is going to have a lucrative growth during the forecast period. About 40% of the market’s overall growth is expected to originate from Europe. Netherlands is one of the key markets for fuel additives in Europe.
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Companies Covered:
- Advanced LED Grow Lights
- Cree Inc.
- General Electric Co.
- GNUK Ltd.
- Heliospectra AB
- Illumitex Inc.
- LumiGrow Inc.
- OSRAM Licht AG
- Senmatic AS
- Signify NV
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Value chain analysis
PART 04: MARKET SIZING
- Market definition
- Market size
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Commercial greenhouses – Market size and forecast 2019-2024
- Vertical farming – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 10: MARKET TRENDS
- Growing strategic alliances with end-users
- Use of LED grow lights in suppression of plant diseases
- Use of artificial intelligence in LED grow lights
PART 11: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 12: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Advanced LED Grow Lights
- Cree Inc.
- General Electric Co.
- GNUK Ltd.
- Heliospectra AB
- Illumitex Inc.
- LumiGrow Inc.
- OSRAM Licht AG
- Senmatic AS
- Signify NV
PART 13: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 14: EXPLORE TECHNAVIO
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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