1 / 22

Global LED Grow Lights Market

LED Grow Lights market analysis by BIS Research. Focus on spectrum (Full PAR, partial, treatment), by application (Indoor Farms, Greenhouses, Livestock and Aquaculture, Turf and Landscaping), and power consumption. LED Grow Lights Industry will grow at a CAGR of 23.15% from 2019 to 2024.<br>View: https://bisresearch.com/industry-report/led-grow-lights-market.html

mohitbis
Download Presentation

Global LED Grow Lights Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global LED Grow Lights Market Focus on Spectrum (Full PAR, Partial, Treatment), Application (Indoor Farms, Greenhouses, Livestock and Aquaculture, Turf and Landscaping), and Power Consumption– Analysis and Forecast 2019-2024 September 2019

  2. Global LED Grow Lights Market BIS Research is a leading market intelligence and technology research company. BIS Research publishes in-depth market intelligence reports focusing on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management. BIS Research provides multi-client reports, company profiles, databases, and custom research services. Copyright © 2019 BIS Research All Rights Reserved. This document contains highly confidential information and is the sole property of BIS Research. Disclosing, copying, circulating, quoting or otherwise reproducing any or all contents of this document is strictly prohibited. Access to this information is provided exclusively for the benefit of the people or organization concerned. It may not be accessed by or offered whether for sale or otherwise to any third party. All rights reserved at BIS Research 2

  3. Global LED Grow Lights Market Preface Preface Over the last decade, the global agriculture industry has transformed drastically, largely characterized by modern farming practices, owing to the increasing demand for sustainable farming practices. The mainstay of this transformative trend is attributed to key factors such as rising global population, high-income growth, and increasing government initiatives that resulted in the growing concerns for global food security. Various agricultural start-ups and technology innovators are developing advanced farming systems. One such modern technique is Light Emitting Diode (LED) grow lights. With the rapid employment of LED grow lights, farmers can manage farm enterprises effectively and enhance production efficiency. The advent of innovative farm management techniques has resulted in reduced energy consumption and overall cost effectiveness of agriculture operations owing to the resource-efficient approach. The market research study offers a wide perspective of the LED grow lights market and analyzes its impact on different farming facilities by providing critical insights into the direction of its future expansion. The research is based on extensive primary interviews (in-house experts, industry leaders, and market players) and secondary research (a host of paid and unpaid databases), along with the analytical tools, that have been used to build the forecast and the predictive models. This study has been designed to answer some of the most crucial questions about the LED grow lights market: ▪ How are LED grow lights a viable solution to the increasing global food demand and depleting natural resources? ▪ What are the major factors promoting the uptake of LED grow light technologies? ▪ How is the high investment cost affecting the overall adoption of LED grow lights by growers? What type of solutions can be undertaken by the companies to overcome the cost factor? ▪ How competitive is the industry in terms of market developments by key players such as business expansions, collaborations, acquisitions, agreements, and new product developments? ▪ What are the key strategies, both inorganic and organic, that are being adopted by market participants to expand their market share, regionally as well as in new product lines? All rights reserved at BIS Research 3

  4. Global LED Grow Lights Market ▪ What is the positioning of the leading players in the lighting systems market on the basis of their revenue contribution? ▪ What has been the investment and funding landscape in the global LED lights market in the last three years? How attractive is the market for emerging start-ups? ▪ Which is the most common application area to deploy LED grow lights? What is the expected growth potential for different applications during the forecast period? ▪ Who are the leading players offering technologies for different facilities in the LED grow lights? ▪ What is the expected future scenario and revenue generated by different types of LED grow lights including hardware systems, software, and services? ▪ What are the emerging crop types that are expected to be compatible with LED grow lights market? ▪ Which is the most dominant region in terms of LED grow lights adoption, revenue generation, and presence of companies as of 2018? ▪ What are the internal and external factors that impact the company’s positioning in the market? The report is a compilation of LED grow lights market segmented by power consumption, spectrum type, application area, and region. In the extensive primary research process undertaken for this study, the primary sources further include industry experts and key executives from prominent companies and organizations in the LED grow lights market. Moreover, the report consists of a comprehensive analysis of LED grow lights market for different regions. This market holds a prominent share in various countries of North America, Europe, Asia- Pacific (APAC) and Rest-of-the-World (RoW). The report also provides a country-based analysis for all the leading countries in each region, including the U.S., Canada, the Netherlands, the U.K., France, Italy, the U.A.E, Saudi Arabia, China, Japan, Singapore, South Korea, and Australia. BIS Agri-Tech September 2019 All rights reserved at BIS Research 4

  5. Global LED Grow Lights Market T Table of able of C Contents ontents Executive Summary ........................................................................................................ 24 1. Market Dynamics .................................................................................................. 31 Market Drivers ................................................................................................. 31 1.1.1 Advent of Indoor Farming to Address Global Food Insecurity ........ 32 1.1.2 Need for Energy Efficient Lighting for Crop Cultivation ................... 33 1.1.3 Increasing Consumption of Animal Proteins Globally ...................... 35 1.2 Market Restraints ............................................................................................ 36 1.2.1 High Initial Investments ....................................................................... 36 1.3 Market Opportunities ...................................................................................... 37 1.3.1 Asia-Pacific, Middle East, and Africa: New Market Avenues for LED Grow Lights .................................................................................. 37 1.3.2 Growing Demand for Livestock LED Grow Lighting ......................... 38 1.1 2. Competitive Landscape ....................................................................................... 39 2.1 Key Market Developments and Strategies .................................................... 39 2.1.1 Product Launches and Developments ............................................... 41 2.1.2 Partnerships, Collaborations, and Joint Ventures ............................ 42 2.1.3 Business Expansions and Contracts ................................................. 43 2.1.4 Mergers and Acquisitions .................................................................... 44 2.2 Market Share Analysis of Key Global LED Grow Lights Manufacturing Companies ............................................................................. 45 3. Industry Analysis .................................................................................................. 47 3.1 3.2 3.3 Investment and Funding Landscape ............................................................. 47 Crops Requiring LED Grow Lights for Cultivation ....................................... 49 Emerging Trends in the LED Grow Lights Industry ..................................... 51 3.3.1 Applications of UV and IR in LED Grow Lights.................................. 51 3.3.2 Application of IoT and Automation in LED Grow Lights ................... 52 3.4 Comparative Analysis Between Different Grow Lights ................................ 53 3.5 Case Studies .................................................................................................... 54 3.5.1 LED Grow Light Project by Heliospectra AB ..................................... 54 3.5.2 LED Grow Light Project on Livestock Farms ..................................... 55 All rights reserved at BIS Research 5

  6. Global LED Grow Lights Market 3.5.3 LED Grow Light Project by Stadium Grow Lighting .......................... 56 Consortiums and Associations ..................................................................... 56 3.6.1 International Artificial Grow Light Association (IAGLA) ................... 57 3.6.1.1Overview ................................................................................................ 57 3.6.1.2Role in Global LED Grow Light Market ................................................... 58 3.6.2 Middle East Lighting Association (MELA) .......................................... 58 3.6.2.1Overview ................................................................................................ 58 3.6.2.2Role in Global LED Grow Light Market ................................................... 58 3.6.3 Japan Plant Factory Association (JPFA) ............................................ 58 3.6.3.1Overview ................................................................................................ 58 3.6.3.2Role in Global LED Grow Light Market ................................................... 59 3.6.4 Association for Vertical Farming (AVF) .............................................. 59 3.6.4.1Overview ................................................................................................ 59 3.6.4.2Role in Global LED Grow Light Market ................................................... 59 3.6.5 International Society of Horticultural Science (ISHS) ....................... 59 3.6.5.1Overview ................................................................................................ 59 3.6.5.2Role in Global LED Grow Light Market ................................................... 60 3.6.6 USDA Committee on Controlled Environment Technology and Use ......................................................................................................... 60 3.6.6.1Overview ................................................................................................ 60 3.6.6.2Role in Global LED Grow Lights Market ................................................. 60 3.6.7 National Cannabis Industry Association ............................................ 60 3.6.7.1Overview ................................................................................................ 60 3.6.7.2Role in Global LED Grow Lights Market ................................................. 61 3.6.8 American Society of Agricultural and Biological Engineers (ASABE) ................................................................................................ 61 3.6.8.1Overview ................................................................................................ 61 3.6.8.2Role in Global LED Grow Light Market ................................................... 61 3.6.9 Farmtech Society International Network ............................................ 61 3.6.9.1Overview ................................................................................................ 61 3.6.9.2Role in Global LED Grow Light Market ................................................... 62 3.6.10 United Kingdom Controlled Environment Users' Group ................... 62 3.6.10.1Overview ........................................................................................... 62 3.6.10.2Role in Global Agriculture Drones and Robots Market ...................... 62 3.6 All rights reserved at BIS Research 6

  7. Global LED Grow Lights Market 3.7 Supply Chain Analysis.................................................................................... 62 4. Global LED Grow Lights Market (by Power) ....................................................... 65 4.1 Assumptions and Limitations for Analysis and Forecast of the Global LED Grow Lights Market .................................................................... 65 Market Overview .............................................................................................. 66 Low Power LED Grow Lights (<300 Watts) ................................................... 67 High Power LED Grow Lights (>= 300 Watts) ............................................... 70 4.2 4.3 4.4 5. Global LED Grow Lights Market (by Spectrum) ................................................. 72 5.1 5.2 5.3 5.4 Market Overview .............................................................................................. 72 Full PAR Spectrum .......................................................................................... 74 Partial Spectrum .............................................................................................. 76 Treatment Spectrum ....................................................................................... 79 6. Global LED Grow Lights Market (by Application) .............................................. 84 6.1 6.2 6.3 6.4 6.5 6.6 Market Overview .............................................................................................. 84 Greenhouses ................................................................................................... 86 Indoor Farming ................................................................................................ 89 Turf and Landscaping ..................................................................................... 93 Livestock Farming and Aquaculture ............................................................. 96 Research .......................................................................................................... 97 7. Global LED Grow Lights Market, (by Region) .................................................... 99 7.1 North America ............................................................................................... 102 7.1.1 North America (by Application) ......................................................... 104 7.1.2 North America (by Country) .............................................................. 106 7.1.2.1U.S. ...................................................................................................... 107 7.1.2.2Canada ................................................................................................. 109 7.1.2.3Mexico .................................................................................................. 112 7.2 Europe ............................................................................................................ 114 7.2.1 Europe (by Application) ..................................................................... 115 7.2.2 Europe (by Country) ........................................................................... 117 7.2.2.1Netherlands .......................................................................................... 117 7.2.2.2U.K. ...................................................................................................... 119 All rights reserved at BIS Research 7

  8. Global LED Grow Lights Market 7.2.2.3Spain .................................................................................................... 121 7.2.2.4Italy ....................................................................................................... 123 7.2.2.5France .................................................................................................. 125 7.2.2.6Russia .................................................................................................. 127 7.2.2.7Rest-of-Europe ..................................................................................... 128 Asia-Pacific .................................................................................................... 130 7.3.1 Asia-Pacific (by Application) ............................................................. 132 7.3.2 Asia-Pacific (by Country) ................................................................... 133 7.3.2.1Japan .................................................................................................... 134 7.3.2.2China .................................................................................................... 136 7.3.2.3South Korea ......................................................................................... 137 7.3.2.4Singapore ............................................................................................. 139 7.3.2.5Australia and New Zealand (ANZ) ........................................................ 141 7.3.2.6Rest-of-Asia-Pacific .............................................................................. 142 7.4 Rest-of-the-World (RoW) .............................................................................. 143 7.4.1 RoW (by Application) ......................................................................... 144 7.4.2 Rest-of-the-World (by Country) ......................................................... 146 7.4.2.1U.A.E. ................................................................................................... 146 7.4.2.2Saudi Arabia ......................................................................................... 148 7.4.2.3Brazil .................................................................................................... 149 7.4.2.4South Africa .......................................................................................... 150 7.4.2.5Others ................................................................................................... 151 7.3 8. Company Profiles ............................................................................................... 153 8.1 Advanced LED Lights ................................................................................... 155 8.1.1 Company Overview ............................................................................ 155 8.1.2 Role of Advanced LED Lights in LED Grow Lights Market ............. 155 8.1.3 SWOT Analysis ................................................................................... 156 8.2 Agrilight B.V. ................................................................................................. 157 8.2.1 Company Overview ............................................................................ 157 8.2.2 Role of Agrilight B.V. in LED Grow lights Market ............................ 157 8.2.3 SWOT Analysis ................................................................................... 158 8.3 California LightWorks ................................................................................... 159 8.3.1 Company Overview ............................................................................ 159 All rights reserved at BIS Research 8

  9. Global LED Grow Lights Market Role of California LightWorks in LED Grow Lights Market ............ 159 SWOT Analysis ................................................................................... 160 Cirrus Systems, Inc. ...................................................................................... 161 8.4.1 Company Overview ............................................................................ 161 8.4.2 Role of Cirrus Systems, Inc. in LED Grow Lights Market ............... 161 8.4.3 SWOT Analysis ................................................................................... 163 8.5 Cree, Inc. ........................................................................................................ 164 8.5.1 Company Overview ............................................................................ 164 8.5.2 Role of Cree, Inc. in LED Grow Lights Market ................................. 164 8.5.3 Financials ............................................................................................ 166 8.5.4 Key Insights About the Financial Health of the Company .............. 168 8.5.5 SWOT Analysis ................................................................................... 169 8.6 Current by General Electric .......................................................................... 170 8.6.1 Company Overview ............................................................................ 170 8.6.2 Role of Current by General Electric in LED Grow Lights Market .................................................................................................. 170 8.6.3 SWOT Analysis ................................................................................... 171 8.7 DeLaval .......................................................................................................... 172 8.7.1 Company Overview ............................................................................ 172 8.7.2 Role of DeLaval in LED Grow lights Market ..................................... 172 8.7.3 SWOT Analysis ................................................................................... 173 8.8 Everlight Electronics Co., Ltd. ..................................................................... 174 8.8.1 Company Overview ............................................................................ 174 8.8.2 Role of Everlight Electronics Co., Ltd. in LED Grow Lights Market .................................................................................................. 174 8.8.3 Financials ............................................................................................ 175 8.8.4 Key Insights About the Financial Health of the Company .............. 177 8.8.5 SWOT Analysis ................................................................................... 178 8.9 GEA Group ..................................................................................................... 179 8.9.1 Company Overview ............................................................................ 179 8.9.2 Role of GEA Group in Global LED Grow Light Market .................... 179 8.9.3 Financials ............................................................................................ 180 8.9.4 SWOT Analysis ................................................................................... 182 8.10Heliospectra AB ............................................................................................ 183 8.3.2 8.3.3 8.4 All rights reserved at BIS Research 9

  10. Global LED Grow Lights Market 8.10.1 8.10.2 8.10.3 8.10.4 8.11Illumitex .......................................................................................................... 187 8.11.1 Company Overview ............................................................................ 187 8.11.2 Role of Illumitex in LED Grow Lights Market ................................... 187 8.11.3 SWOT Analysis ................................................................................... 189 8.12LedsMaster LED Lighting ............................................................................. 190 8.12.1 Company Overview ............................................................................ 190 8.12.2 Role of LedsMaster in LED Grow Lights Market .............................. 190 8.13Lumigrow ....................................................................................................... 192 8.13.1 Company Overview ............................................................................ 192 8.13.2 Role of Lumigrow in LED Grow Lights Market................................. 192 8.13.3 SWOT Analysis ................................................................................... 193 8.14Lumileds ........................................................................................................ 194 8.14.1 Company Overview ............................................................................ 194 8.14.2 Role of Lumileds in LED Grow Lights Market .................................. 194 8.14.3 SWOT Analysis ................................................................................... 196 8.15OSRAM Litch AG ........................................................................................... 197 8.15.1 Company Overview ............................................................................ 197 8.15.2 Role of OSRAM Litch AG in LED Grow Lights Market .................... 197 8.15.3 Financials ............................................................................................ 198 8.15.4 Key Insights about the Financial Health of the Company ............... 200 8.15.5 SWOT ANALYSIS ................................................................................ 201 8.16PlatinumLED Lights LLC .............................................................................. 202 8.16.1 Company Overview ............................................................................ 202 8.16.2 Role of PlatinumLED Lights LLC in LED Grow Lights Market ........ 202 8.16.3 SWOT ANALYSIS ................................................................................ 203 8.17Planet Lighting Ltd ........................................................................................ 204 8.17.1 Company Overview ............................................................................ 204 8.17.2 Role of Planet Lighting Ltd in LED Grow lights Market .................. 204 8.17.3 SWOT Analysis ................................................................................... 205 Company Overview ............................................................................ 183 Role of Heliospectra AB in LED Grow Lights Market ...................... 183 Financials ............................................................................................ 185 SWOT Analysis ................................................................................... 186 All rights reserved at BIS Research 10

  11. Global LED Grow Lights Market 8.18Pro Max Grow ................................................................................................ 206 8.18.1 Company Overview ............................................................................ 206 8.18.2 Role of Pro Max Grow in LED Grow Lights Market .......................... 206 8.18.3 SWOT Analysis ................................................................................... 208 8.19RHENAC GreenTec AG ................................................................................. 209 8.19.1 Company Overview ............................................................................ 209 8.19.2 Role of RHENAC GreenTec AG in LED Grow Lights Market .......... 209 8.19.3 RHENAC GreenTec AG: SWOT ANALYSIS ...................................... 211 8.20San’an Optoelectronics Ltd. ......................................................................... 212 8.20.1 Company Overview ............................................................................ 212 8.20.2 Role of San’an Optoelectronics Ltd. in LED Grow lights Market .................................................................................................. 212 8.21Signify N.V. .................................................................................................... 214 8.21.1 Company Overview ............................................................................ 214 8.21.2 Role of Signify N.V. in LED Grow Lights Market .............................. 214 8.21.3 Financials ............................................................................................ 216 8.21.4 Key Insights about the Financial Health of the Company ............... 219 8.21.5 SWOT Analysis ................................................................................... 220 8.22Stadium Grow Lighting ................................................................................. 221 8.22.1 Company Overview ............................................................................ 221 8.22.2 Role of Stadium Grow Lighting in LED Grow Lights Market .......... 221 8.22.3 SWOT Analysis ................................................................................... 222 8.23Shenzhen Honteck-Wins Electronics Co., Ltd. ........................................... 223 8.23.1 Company Overview ............................................................................ 223 8.23.2 Role of Shenzhen Honteck-Wins Electronics Co., Ltd. in LED Grow lights Market ............................................................................. 223 8.23.3 SWOT Analysis ................................................................................... 224 8.24TSL Green Growing Solutions Litch AG ..................................................... 225 8.24.1 Company Overview ............................................................................ 225 8.24.2 Role of TSL Green Growing Solutions Litch AG in LED Grow lights Market ....................................................................................... 225 8.25Valoya ............................................................................................................ 226 8.25.1 Company Overview ............................................................................ 226 8.25.2 Role of Valoya in LED Grow Lights Market ...................................... 226 All rights reserved at BIS Research 11

  12. Global LED Grow Lights Market 8.25.3 SWOT Analysis ................................................................................... 227 9. Report Scope and Methodology ........................................................................ 228 9.1 9.2 Report Scope ................................................................................................. 228 LED Grow Lights Market Research Methodology ...................................... 229 9.2.1 Assumptions ....................................................................................... 229 9.2.2 Limitations .......................................................................................... 230 9.3 Primary Data Sources ................................................................................... 230 9.4 Secondary Data Sources .............................................................................. 231 9.5 Data Triangulation ......................................................................................... 232 9.6 Market Estimation and Forecast .................................................................. 233 All rights reserved at BIS Research 12

  13. Global LED Grow Lights Market List of Tables List of Tables Table 3.1: Growers in the Indoor Farming Industry With Highest Investments, 2016-2018 ................ 49 Table 3.2: Most Profitable Crops for Indoor Farming and Input of Light Required ............................... 50 Table 3.3: Most Profitable Crops Grown in Greenhouses ..................................................................... 51 Table 3.4: Comparisons Among Lighting Sources ................................................................................. 53 Table 3.5: Key Consortiums and Associations in Global LED Grow Lights Market .............................. 57 Table 4.1: Global LED Grow Lights Market (by Power Consumption), $Million, 2018-2024 ............... 67 Table 4.2: Power Rating of Low Power LED Grow Lights (<300 Watts) Manufactured by Leading Players ..................................................................................................................... 69 Table 4.3: Power Rating of High-Power LED Grow Lights (>=300 Watts) Manufactured by Leading Players ..................................................................................................................... 71 Table 6.1: Global LED Grow Lights Market (by Application), $Million, 2018-2024 .............................. 85 Table 6.2: Greenhouse LED Grow Lights Manufactured by Leading Players ...................................... 88 Table 6.3: Key Developments Pertaining to the Technologies for Greenhouse Indoor Farming ......... 89 Table 6.4: Impact of LED Grow Lights on Plant Growth as Compared to Fluorescent Lights ............. 91 Table 6.5: LED Grow Light Products Manufactured by Leading Players for Indoor Farms ................. 92 Table 6.6: Key Developments Pertaining to LED Grow Lights in Indoor Farming ................................ 92 Table 6.7: Major Sports Stadiums Making Use of LED Grow Lights Treatment ................................... 94 Table 6.8: Major Players of LED Grow Lights for Turf and Landscaping .............................................. 95 Table 6.9: Products by Leading Players Suited for Research Application ............................................ 98 Table 7.1: Regional LED Grow Lights Market, $Million, 2018-2024 .................................................... 101 Table 7.2: Greenhouse Vegetable Growers in North America, 2018 .................................................. 104 Table 7.3: North America LED Grow Lights Market (by Application), $Million, 2018-2024 ............... 105 Table 7.4: North America LED Grow Lights Market (by Country), $Million, 2018-2024 ..................... 106 Table 7.5: Statistics of Key Crops Produced in the U.S., 2016 ........................................................... 108 Table 7.6: Share of Greenhouse Production across Different States and Vegetables in Canada, 2017 ....................................................................................................................... 110 Table 7.7: Europe LED Grow Lights Market, (by Application), $Million, 2018-2024 ........................... 116 All rights reserved at BIS Research 13

  14. Global LED Grow Lights Market Table 7.8: Europe LED Grow Lights Market (by Country), $Million, 2018-2024 ................................. 117 Table 7.9: Use of LED Grow Lights in Major Sports Fields in the Netherlands .................................. 119 Table 7.10: Use of LED Grow Lights in Major Sports Fields in Spain ................................................. 122 Table 7.11: Use of LED Grow Lights in Major Sports Fields in France ............................................... 127 Table 7.12: Macroeconomic Factors Driving the LED Grow Lights Industry Through Indoor Farming ..................................................................................................................... 130 Table 7.13: Asia-Pacific LED Grow Lights (by Application), $Million, 2018-2024 ............................... 132 Table 7.14: Asia-Pacific LED Grow Lights Market (by Country), $Million, 2018-2024 ....................... 133 Table 7.15: RoW LED Grow Lights Market (by Application), $Million, 2018-2024 ............................. 145 Table 7.16: Rest-of-the-World LED Grow Lights Market (by Country), $Million, 2018-2024............. 146 Table 8.1: Advanced LED Lights: Product Portfolio ............................................................................. 155 Table 8.2: Agrilight B.V.: Product Portfolio ........................................................................................... 157 Table 8.3: California LightWorks: Product Portfolio ............................................................................. 160 Table 8.4: Cirrus Systems, Inc.: Product Portfolio ................................................................................ 162 Table 8.5: Cree, Inc.: Product Portfolio ................................................................................................. 165 Table 8.6: Current by General Electronics: Product Portfolio .............................................................. 171 Table 8.7: DeLaval: Product Portfolio ................................................................................................... 173 Table 8.8: Everlight Electronics Co., Ltd.: Product Portfolio ................................................................ 175 Table 8.9: GEA Group: Product Portfolio ............................................................................................. 180 Table 8.10: Heliospectra AB: Product Portfolio .................................................................................... 184 Table 8.11: Illumitex: Product Portfolio ................................................................................................. 188 Table 8.12: LedsMaster: Product Portfolio ........................................................................................... 191 Table 8.13: Lumigrow: Product Portfolio .............................................................................................. 192 Table 8.14: Lumileds: Product Portfolio ................................................................................................ 195 Table 8.15: OSRAM Litch AG: Product Portfolio .................................................................................. 198 Table 8.16: PlatinumLED Lights LLC: Product Portfolio ...................................................................... 202 Table 8.17: Planet Lighting Ltd: Product Portfolio ................................................................................ 204 Table 8.18: Pro Max Grow: Product Portfolio ....................................................................................... 207 All rights reserved at BIS Research 14

  15. Global LED Grow Lights Market Table 8.19: RHENAC GreenTec AG: Product Portfolio ....................................................................... 210 Table 8.20: San’an Optoelectronics Ltd.: Product Portfolio ................................................................. 213 Table 8.21: Signify N.V.: Product Portfolio ........................................................................................... 215 Table 8.22: Stadium Grow Lighting: Product Portfolio ......................................................................... 222 Table 8.23: Shenzhen Honteck-Wins Electronics Co., Ltd.: Product Portfolio .................................... 223 Table 8.24: TSL Green Growing Solutions Litch AG: Product Portfolio .............................................. 225 Table 8.25: Valoya: Product Portfolio ................................................................................................... 226 All rights reserved at BIS Research 15

  16. Global LED Grow Lights Market List of List of Figures Figures Figure 1: Macroeconomic Trends Impacting the Global LED Grow Light Demand .............................. 23 Figure 2: Drivers and Restraints – Global LED Grow Lights Market ..................................................... 24 Figure 3: Global LED Grow Lights Market Snapshot ............................................................................. 25 Figure 4: Global LED Grow Lights Market (by Spectrum), 2019-2024, ($Million) ................................. 26 Figure 5: Global LED Grow Lights Market by Application Area ............................................................. 27 Figure 6: Regional LED Grow Lights Market Snapshot ......................................................................... 28 Figure 1.1: Market Dynamics .................................................................................................................. 31 Figure 1.2: Impact Analysis of Drivers .................................................................................................... 32 Figure 1.3: Number of Undernourished People in the World, 2017 ...................................................... 32 Figure 1.4: Energy Saving from Theoretical “All-LED” ........................................................................... 34 Figure 1.5: Global Demand for Animal Protein 2015-2035 .................................................................... 35 Figure 1.6: Impact Analysis of Restraints ............................................................................................... 36 Figure 1.7: Energy Consumption Share for Different Technologies Used in Indoor Cultivation of Marijuana ............................................................................................................................ 36 Figure 2.1 Strategies Adopted by the Key Players (January 2016-July 2019) ..................................... 39 Figure 2.2 Share of Key Market Strategies and Developments (January 2016-July 2019) ................. 40 Figure 2.3: Product Launches and Developments Share (by Companies) ........................................... 41 Figure 2.4: Partnerships, Collaborations, and Joint Ventures Share (by Companies) ......................... 42 Figure 3.1: Global LED Grow Lights Market Investment and Funding for Manufacturers, 2016-2018 .............................................................................................................................. 47 Figure 3.2: Investment and Funding for Growers in the Indoor Farming Industry ................................ 48 Figure 3.3: Advantages of UV and IR in LED Grow Lights .................................................................... 52 Figure 3.4: Micro Case Study: LED Grow Lights Project by Heliospectra AB ...................................... 54 Figure 3.5: Micro Case Study: LED Grow Light Project on Livestock Farms ........................................ 55 Figure 3.6: Micro Case Study: LED Grow Light Project by Stadium Grow Lighting ............................. 56 Figure 4.1: Classification of LED Grow Lights Market Based on Power Consumption ........................ 66 Figure 4.2: Global LED Grow Lights Market (by Low Power LED Grow Lights), 2018-2024 ............... 68 All rights reserved at BIS Research 16

  17. Global LED Grow Lights Market Figure 4.3: Global LED Grow Lights Market (by High Power LED Grow Lights), 2018-2024 .............. 70 Figure 5.1: Spectrum and Wavelengths of Light emitted by LED Grow Lights ..................................... 72 Figure 5.2: Global LED Grow Lights Market (by Full PAR Spectrum), 2018-2024 ............................... 74 Figure 5.3: Global LED Grow Lights Market (by Partial Spectrum), $Million, 2018-2024 .................... 77 Figure 5.4: Benefits of Partial Spectrum LED Grow Lights .................................................................... 78 Figure 5.5: Global LED Grow Lights Market (by Treatment Spectrum), $Million, 2018-2024 .............. 80 Figure 5.6: Advantages of Treatment Spectrum in Plant Growth .......................................................... 82 Figure 6.1: Classification of LED Grow Lights Market Based on Application ........................................ 84 Figure 6.2: Global LED Grow Lights Market (by Greenhouses), 2018-2024 ........................................ 86 Figure 6.3: Geographical Areas Covered by Greenhouses Producing Vegetables Around the World ................................................................................................................................ 87 Figure 6.4: Global LED Grow Lights Market (by Indoor Farming), 2018-2024 ..................................... 90 Figure 6.5: Global LED Grow Lights Market (by Turf and Landscaping), 2018-2024........................... 93 Figure 6.6: Global LED Grow Lights Market (by Livestock Farming and Aquaculture), 2018-2024 .............................................................................................................................. 96 Figure 6.7: Global LED Grow Lights Market (by Research), 2018-2024............................................... 97 Figure 7.1: LED Grow Lights: Regional Market Snapshot ..................................................................... 99 Figure 7.2: North America LED Grow Lights Market, 2018-2024 ........................................................ 103 Figure 7.3: LED Grow Lights Market in the U.S., 2018-2024 .............................................................. 108 Figure 7.4: LED Grow Lights Market in Canada, 2018-2024 ............................................................... 111 Figure 7.5: Share of Agriculture in GDP of Mexico, 1970-2018 (%) .................................................... 112 Figure 7.6: LED Grow Lights Market in Mexico, 2018-2024 ................................................................ 113 Figure 7.7: Europe LED Grow Lights Market, 2018-2024 .................................................................... 114 Figure 7.8: LED Grow Lights Market in the Netherlands, 2018-2024 ................................................. 118 Figure 7.9: U.K. LED Grow Lights Market, 2018-2024 ........................................................................ 120 Figure 7.10: Share of Agriculture as a Part of GDP of the U.K., 1995-2018 (% of GDP) ................... 121 Figure 7.11: LED Grow Lights Market in Spain, 2018-2024 ................................................................ 122 Figure 7.12: LED Grow Lights Market in Italy, 2018-2024 ................................................................... 123 All rights reserved at BIS Research 17

  18. Global LED Grow Lights Market Figure 7.13: Population and Urbanization in Italy ................................................................................. 124 Figure 7.14: LED Grow Lights Market in France, 2018-2024 .............................................................. 125 Figure 7.15: Population and Urbanization in France, 2000-2018 ........................................................ 126 Figure 7.16: LED Grow Lights Market in Russia, 2018-2024 .............................................................. 128 Figure 7.17: LED Grow Lights Market in Rest-of-Europe, 2018-2024 ................................................ 129 Figure 7.18: Asia-Pacific LED Grow Lights Market, 2018-2024 .......................................................... 131 Figure 7.19: Japan LED Grow Lights Market, 2018-2024 ................................................................... 135 Figure 7.20: China LED Grow Lights Market, 2018-2024 .................................................................... 136 Figure 7.21: South Korea LED Grow Lights Market, 2018-2024 ......................................................... 138 Figure 7.22: Singapore LED Grow Lights Market, 2018-2024............................................................. 139 Figure 7.23: Population of Singapore (Million) ..................................................................................... 140 Figure 7.24: ANZ LED Grow Lights Market, 2018-2024 ...................................................................... 141 Figure 7.25: Rest-of-Asia-Pacific LED Grow Lights Market, 2018-2024 ............................................. 143 Figure 7.26: Rest-of-the-World LED Grow Lights Market, 2018-2024 ................................................ 144 Figure 7.27: U.A.E. LED Grow Lights Market, 2018-2024 ................................................................... 147 Figure 7.28: Saudi Arabia LED Grow Lights Market, 2018-2024 ........................................................ 148 Figure 7.29: Brazil LED Grow Lights Market, 2018-2024 .................................................................... 150 Figure 7.30: South Africa LED Grow Lights Market, 2018-2024 ......................................................... 151 Figure 7.31: Others LED Grow Lights Market, 2018-2024 .................................................................. 152 Figure 8.1: Segmentation of Key Companies Profiled ......................................................................... 153 Figure 8.2: Advanced LED Lights: SWOT Analysis ............................................................................. 156 Figure 8.3: Agrilight B.V.: SWOT Analysis ........................................................................................... 158 Figure 8.4: California LightWorks: SWOT Analysis .............................................................................. 160 Figure 8.5: Cirrus Systems, Inc.: SWOT Analysis ................................................................................ 163 Figure 8.6: Cree, Inc.: Overall Financials, 2016-2018 .......................................................................... 166 Figure 8.7: Cree, Inc.: Net Revenue (by Business Segment), 2016-2018 .......................................... 166 Figure 8.8: Cree, Inc.: Net Revenue (by Region), 2016-2018 ............................................................. 167 Figure 8.9: Research and Development: Cree, Inc. – 2016 to 2018 ................................................... 168 All rights reserved at BIS Research 18

  19. Global LED Grow Lights Market Figure 8.10: Cree, Inc.: SWOT Analysis ............................................................................................... 169 Figure 8.11: Current by General Electronics: SWOT Analysis ............................................................ 171 Figure 8.12: DeLaval.: SWOT Analysis ................................................................................................ 173 Figure 8.13: Everlight Electronics Co., Ltd.: Overall Financials, 2016-2018 ....................................... 175 Figure 8.14: Everlight Electronics Co., Ltd.: Net Revenue (by Region), 2016-2018 ........................... 176 Figure 8.15: Everlight Electronics Co., Ltd.: Net Revenue by Business Segment, 2016-2018 .......... 176 Figure 8.16: Research and Development: Everlight Electronics Co., Ltd. – 2016 to 2018 ................ 177 Figure 8.17: Everlight Electronics Co., Ltd.: SWOT Analysis .............................................................. 178 Figure 8.18: GEA Group: Overall Financials, 2018 .............................................................................. 180 Figure 8.19: GEA Group: Net Revenue by Operating Segment 2018 ................................................ 181 Figure 8.20: GEA Group: Net Revenue by Regional Segment 2018 .................................................. 181 Figure 8.21: GEA Group SWOT Analysis ............................................................................................ 182 Figure 8.22: Heliospectra AB: Overall Financials, 2016-2018 ............................................................. 185 Figure 8.23: Heliospectra AB: SWOT Analysis .................................................................................... 186 Figure 8.24: Illumitex: SWOT Analysis ................................................................................................. 189 Figure 8.25: Lumigrow: SWOT Analysis ............................................................................................... 193 Figure 8.26: Lumileds: SWOT Analysis ................................................................................................ 196 Figure 8.27: OSRAM Litch AG: Overall Financials, 2016-2018 ........................................................... 198 Figure 8.28: OSRAM Litch AG: Net Revenue by Business Segment, 2016-2018 ............................. 199 Figure 8.29: OSRAM Litch AG: Net Revenue (by Region), 2016-2018 .............................................. 200 Figure 8.30: Research and Development: OSRAM Litch AG – 2016 to 2018 .................................... 200 Figure 8.31: OSRAM Litch AG: SWOT Analysis .................................................................................. 201 Figure 8.32: PlatinumLED Lights LLC: SWOT Analysis ...................................................................... 203 Figure 8.33: Planet Lighting Ltd: SWOT Analysis ................................................................................ 205 Figure 8.34: Pro Max Grow: SWOT Analysis ....................................................................................... 208 Figure 8.35: SWOT Analysis ................................................................................................................. 211 Figure 8.36: Signify N.V.: Overall Financials, 2016-2018 .................................................................... 216 Figure 8.37: Signify N.V.: Net Revenue (by Business Segment), 2016-2018 .................................... 217 All rights reserved at BIS Research 19

  20. Global LED Grow Lights Market Figure 8.38: Signify N.V.: Net Revenue (by Region), 2016-2018 ........................................................ 218 Figure 8.39: Research and Development: Signify N.V. – 2016 to 2018 .............................................. 219 Figure 8.40: Signify N.V.: SWOT Analysis ........................................................................................... 220 Figure 8.41: Stadium Grow Lighting: SWOT Analysis ......................................................................... 222 Figure 8.42: Shenzhen Honteck-Wins Electronics Co., Ltd.: SWOT Analysis .................................... 224 Figure 8.43: Valoya: SWOT Analysis ................................................................................................... 227 Figure 9.1: LED Grow Lights Market Scope ......................................................................................... 228 Figure 9.2: Report Methodology ........................................................................................................... 229 Figure 9.3: Primary Interviews Breakdown, by Company, Designation, and Region ......................... 231 Figure 9.4: Sources of Secondary Research ....................................................................................... 232 All rights reserved at BIS Research 20

  21. Global LED Grow Lights Market BIS Research Offerings: BIS Research Offerings: We’re on a mission to harness the potential of disruptive technologies to make businesses thrive in today’s digital age. With a vision to be a leading and a preferred knowledge partner for corporates and institutions worldwide and assist with market intelligence in the area of emerging technologies, advisory, and other innovative solutions. Know More Know More Know More Know More All rights reserved at BIS Research 21

  22. Global LED Grow Lights Market Disclaimer Disclaimer BIS Research provides valuable market intelligence to an exclusive group of customers in response to orders. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth. This document and its contents are confidential and may not be further distributed, published or reproduced, in whole or in part, by any medium or in any form for any purpose, without the express written consent of BIS Research. Customer will not disclose the contents of the report, whether directly in any media or indirectly through incorporation in a database, marketing list, report or otherwise, or use or permit the use of Information to generate any statistical or other information that is or will be provided to third parties; or voluntarily produce Information in legal proceedings. Market reports are based on expectations, estimates and projections as of the date such information is available. Any recommendation contained in this report may not be suitable for all investors or businesses. The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BIS Research as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies For more details regarding permission, please contact us: Email: sales@bisresearch.com Tel: +1 510 404 8135 All rights reserved at BIS Research 22

More Related