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Latin America Grow Light Market By Basis Of Technology Used (HID Lights, Fluorescent Lights, LEDs, LEPs, Induction Lights), Type Of Installation (new Installation, Retrofit Installation), Applications (indoor Farming, Vertical Farming, Commercial Greenhouses, Rooftop Farming, And Others) And By Region - Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2022 to 2027.

Published: January, 2022
ID: 3314
Pages: 175

Latin America Grow Light Market Size, Growth, Trends and Forecast:

The Latin America Grow Light Market is worth USD 250 Million in 2021 and estimated to grow at a CAGR of 7.5%, to reach USD 350 Million by 2026. The Latin America Grow Light market is developing at an exceptionally quick pace. Artificial sources of light are used to stimulate growth where there is no light or less light available. An example of such is during winters when amount of sunlight available is less.

The amount of light that plants receive is enlarged by this artificial source of light. Grow Light either imitate the emission spectrum similar to that of sun or according to the needs of the plant. They are used for various purposes like indoor gardening, food production, horticulture, and plant propagation. Though grow lights are mostly used on manufacturing level, they are used for household purposes also.

Latin America Grow Light Market Drivers:

The driving constituents for plant industries with grow lights showcase are the increasing 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. Governments are equally reassuring plant industrial facilities and grow lights for improving the generation. 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 oriented power based plant manufacturing plant to building numerous level plant production lines which would additionally diminish space necessity.

Latin America Grow Light Market Segmentation:

Latin America Grow Light Market – By Technology:

  • 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.

Latin America Grow Light Market – By Type of Installation:

  • new installation
  • retrofit installation

Latin America Grow Light Market – By Applications:

  • indoor farming
  • vertical farming
  • commercial greenhouses
  • rooftop farming
  • others

Geographical Analysis:

Latin America market region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. . The market is anticipated to keep thriving in both created and creating districts. The development is additionally credited to the developing interest in grow lights.

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 Latin America 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 Brazil                                                             

                6.3 Mexico                                                         

                6.4 Rest of Latin America                                                             

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                                                              

  1. Latin America Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  2. Latin America HID lights, Market By Region, From 2022 - 2027 ( USD Million )
  3. Latin America  fluorescent lights Market By Region, From 2022 - 2027 ( USD Million )
  4. Latin America LEDs Market By Region, From 2022 - 2027 ( USD Million )
  5. Latin America LEPs Market By Region, From 2022 - 2027 ( USD Million )
  6. Latin America INDUCTIONLIGHTS  Market By Region, From 2022 - 2027 ( USD Million )
  7. Latin America Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  8. Latin America New Market By Region, From 2022 - 2027 ( USD Million )
  9. Latin America Retrofit Market By Region, From 2022 - 2027 ( USD Million )
  10. Latin America Grow Light Market By Applications, From 2022 - 2027 ( USD Million )
  11. Latin America Indoor farming Market By Region, From 2022 - 2027 ( USD Million )
  12. Latin America Vertical farming Market By Region, From 2022 - 2027 ( USD Million )
  13. Latin America Rooftop farming Market By Region, From 2022 - 2027 ( USD Million )
  14. Latin America Commercial Greenhouse Market By Region, From 2022 - 2027 ( USD Million )
  15. Brazil Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  16. Brazil Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  17. Brazil Grow Light Market By Applications, From 2022 - 2027 ( USD Million )
  18. Argentina Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  19. Argentina Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  20. Argentina Grow Light Market By Applications, From 2022 - 2027 ( USD Million )
  21. Mexico Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  22. Mexico Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  23. Mexico Grow Light Market By Applications, From 2022 - 2027 ( USD Million )
  24. Rest of Latin America Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  25. Rest of Latin America Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  26. Rest of Latin America Grow Light Market By Applications, From 2022 - 2027 ( USD Million )

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