Pulished Date October, 2018
ID: 3314
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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 2018-2023

Pulished: October, 2018
ID: 3314
Pages: 175

The Latin America Grow Light Market is worth USD 250 Million in 2018 and estimated to grow at a CAGR of 7.5%, to reach USD 350 Million by 2023. 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.

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.

The Latin America 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.

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.

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.


                1.1 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                                 

                                       High-Pressure Sodium Lamp                        

                                       Metal–Halide Lamp                         

                                5.1.2 fluorescent lights                                 



                                                       Color Type       


                                                                       Neutral White

                                5.1.3 LEDs                                           

                                       LED Based on Crop Type                


                                                       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                                        

                                       By Geographical Area                     

                                       By Technology                   

                                       By Installation                    

                                       By Application                    

                                6.1.4  Market Attractiveness Analysis                                     

                                       By Geographical Area                     

                                       By Technology                   

                                       By Installation                    

                                       By Application                    

                                6.1.5  Market Share Analysis                                      

                                       By Geographical Area                     

                                       By Technology                   

                                       By Installation                    

                                       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                                                                          


                a) List of Tables                                                

                b) List of Figures                                                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Latin America Grow Light Market By Technology, From 2018-2023 ( USD Million )
  2. Latin America HID lights, Market By Region, From 2018-2023 ( USD Million )
  3. Latin America  fluorescent lights Market By Region, From 2018-2023 ( USD Million )
  4. Latin America LEDs Market By Region, From 2018-2023 ( USD Million )
  5. Latin America LEPs Market By Region, From 2018-2023 ( USD Million )
  6. Latin America INDUCTIONLIGHTS  Market By Region, From 2018-2023 ( USD Million )
  7. Latin America Grow Light Market By Installation, From 2018-2023 ( USD Million )
  8. Latin America New Market By Region, From 2018-2023 ( USD Million )
  9. Latin America Retrofit Market By Region, From 2018-2023 ( USD Million )
  10. Latin America Grow Light Market By Applications, From 2018-2023 ( USD Million )
  11. Latin America Indoor farming Market By Region, From 2018-2023 ( USD Million )
  12. Latin America Vertical farming Market By Region, From 2018-2023 ( USD Million )
  13. Latin America Rooftop farming Market By Region, From 2018-2023 ( USD Million )
  14. Latin America Commercial Greenhouse Market By Region, From 2018-2023 ( USD Million )
  15. Brazil Grow Light Market By Technology, From 2018-2023 ( USD Million )
  16. Brazil Grow Light Market By Installation, From 2018-2023 ( USD Million )
  17. Brazil Grow Light Market By Applications, From 2018-2023 ( USD Million )
  18. Argentina Grow Light Market By Technology, From 2018-2023 ( USD Million )
  19. Argentina Grow Light Market By Installation, From 2018-2023 ( USD Million )
  20. Argentina Grow Light Market By Applications, From 2018-2023 ( USD Million )
  21. Mexico Grow Light Market By Technology, From 2018-2023 ( USD Million )
  22. Mexico Grow Light Market By Installation, From 2018-2023 ( USD Million )
  23. Mexico Grow Light Market By Applications, From 2018-2023 ( USD Million )
  24. Rest of Latin America Grow Light Market By Technology, From 2018-2023 ( USD Million )
  25. Rest of Latin America Grow Light Market By Installation, From 2018-2023 ( USD Million )
  26. Rest of Latin America Grow Light Market By Applications, From 2018-2023 ( USD Million )


$ 1234 2875


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