The Asia Pacific Grow Light Market is worth USD 310 Million in 2018 and estimated to grow at a CAGR of 7.92%, to reach USD 450 Million by 2023. The Asia Pacific Grow Light market is developing at an exceptionally quick pace. For plant growth stimulation growth light or artificial lights are used. Generally these lights are used where there is no sufficient amount of light present.
The amount of light that plants get is amplified by this artificial source of light. Grow Light either imitate the emission spectrum similar to that of sun or according to the requirements of the plant. They are used for various purposes like food production, indoor gardening, horticulture, and plant propagation. Although grow lights are mostly used on industrial scale, they can used for household purposes also.
The driving factors for industrial plants and grow lights show growing interest for the capacity to develop locally and reliably, scarcity of space for cultivating particularly in urban communities, and the need to build the yield per unit range without hurting nature. The opportunities in this market are fluctuating and can run from innovative technologies in grow lights, consolidated utilization of normal lighting with simulated lighting, building up a sun adapted power based plant manufacturing plant to building numerous level plant production lines which would additionally diminish space necessity. Governments are similarly reassuring plant industrial facilities and grow lights for improving the generation.
The Asia Pacific market for Grow Light is segmented on the basis of technology, type of installation, applications and region. Based on technology, the market is segmented into HID lights, fluorescent lights, LEDs, LEPs, induction lights. Traditional lighting technologies like HID and fluorescent lighting (FL) are quite popular. LED grow light is a new technology in horticultural lighting and is proving to be far more effective than other lighting technologies. Although LED grow lights are costly, their long-term advantages in terms of energy efficiency make them an ideal option. Based on type of installation, the market is segmented into new installation and retrofit installation. Based on applications, the market is segmented into indoor farming, vertical farming, commercial greenhouses, rooftop farming, and others.
Asia Pacific is geographically segmented into China, India, Japan, South Korea, Taiwan, Australia and South East Asia. China and India are likely to increase the market because of huge population.
Royal Philips Electronics, OSRAM Licht AG, PAR source Lighting Solutions, Bridgelux, General Electric Company, Alta LED Corporation, Solarmax,Heliospectra,LumiFlow are the leaders in the Asia Pacific Grow Light market.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Technology
5.1.1 HID lights
5.1.1.1 High-Pressure Sodium Lamp
5.1.1.2 Metal–Halide Lamp
5.1.2 fluorescent lights
5.1.2.1.T5
5.1.2.2 CFL
5.1.2.2.1 Color Type
5.1.2.2.1 White
5.1.2.2.1 Neutral White
5.1.3 LEDs
5.1.3.1 LED Based on Crop Type
5.1.3.1.1 Vegetative
5.1.3.1.2 Food and Flower
5.1.4 LEPs
5.1.5 Induction Lights
5.1.6 Y-o-Y Growth Analysis, By Technology
5.1.7 Market Attractiveness Analysis, By Technology
5.1.8 Market Share Analysis, By Technology
5.2 Installation
5.2.1 New
5.2.2 Retrofit Biomarkers
5.2.3 Y-o-Y Growth Analysis, By Installation
5.2.4 Market Attractiveness Analysis, By Installation
5.2.5 Market Share Analysis, By Installation
5.3 Application
5.3.1 Indoor Farming
5.3.2 Vertical farming
5.3.3 Rooftop farming
5.3.4 Commercial Greenhouses
5.3.5 Y-o-Y Growth Analysis, By Application
5.3.6 Market Attractiveness Analysis, By Application
5.3.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Technology
6.1.3.3 By Installation
6.1.3.4 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Technology
6.1.4.3 By Installation
6.1.4.4 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Technology
6.1.5.3 By Installation
6.1.5.4 By Application
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 LumiFlow
8.1.1 Overview
8.1.2 Technology Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Royal Philips Electronics
8.3 OSRAM Licht AG,
8.4 PAR source Lighting Solutions
8.5 Bridgelux
8.6 General Electric Company
8.7 Alta LED Corporation
8.8 Solarmax
8.9 Heliospectra
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
