The Europe Grow Light Market is worth USD 780 Million in 2021 and estimated to grow at a CAGR of 8.5%, to reach USD 1170 Million by 2026. The Europe Grow Light market is developing at an exceptionally quick pace. Artificial sources of light are used for growth stimulation where there is lack of light source such as during winters when sunlight is not easily available.
The amount of light that plants take is amplified by this simulated source of light. Grow Light either repeat the emission spectrum similar to that of sun or according to the needs of the plant. They are used for various purposes like food production, horticulture, indoor gardening and plant propagation. Although grow lights are mostly used on industrial scale, they can used for household purposes also.
Europe Grow Light Market Drivers:
The driving constituents for plant industrial facilities and grow lights showcase are the expanding 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 power based plant manufacturing plant to building numerous level plant production lines which would furthermore diminish space need. Governments are also reassuring plant industrial facilities and grow lights for improving the generation.
Europe Grow Light Market – By Technology:
HID 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.
Europe Grow Light Market – By Type of Installation:
Europe Grow Light Market – By Applications:
Geographical Analysis:
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe was the leader in grow lights in 2016. Within Europe, the Netherlands is a leading exporter of horticultural produce, grown within its numerous automated commercial greenhouses. The concept of vertical farming is also gaining popularity in Europe. The increasing population in Europe is a major driver for the increasing indoor horticulture in this region.
Key Players:
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 Europe 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 U.K
6.3 Spain
6.4 Germany
6.5 Italy
6.6 France
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
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