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North 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: 3309
Pages: 136

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

The North America Grow Light Market is worth USD 1230 Million in 2021 and estimated to grow at a CAGR of 7.51%, to reach USD 1770 billion by 2026. The North America Grow Light market is developing at an exceptionally quick pace. Grow light is usually an artificial source of light which is used for stimulating the growth of plant. This is generally done where there is no light or very less amount of light present.

In winters when there is generally less amount of sunlight, grow lights are used.  Grow Light generally duplicate the emission spectrum similar to that of sun / 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 level, they can used for household purposes also.

North America Grow Light Market Drivers:

The driving factors for plants and 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. The opportunities in this market are immense but 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. Governments are also reassuring plant industrial facilities and grow lights for enhancing the generation.

North America Grow Light Market Segmentation:

North 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.

North America Grow Light Market – By Type of Installation:

  • new installation
  • retrofit installation

North America Grow Light Market – By Applications:

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

Geographical Analysis:

The North America market has been geographically segmented into segmented into US, Canada and Mexico. North America has the second highest no. share in the flavoured water market.USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by environmental concerns.

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 North 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 United States                                                            

                6.3 Canada                                                         

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. North America Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  2. North America HID lights, Market By Region, From 2022 - 2027 ( USD Million )
  3. North America  fluorescent lights Market By Region, From 2022 - 2027 ( USD Million )
  4. North America LEDs Market By Region, From 2022 - 2027 ( USD Million )
  5. North America LEPs Market By Region, From 2022 - 2027 ( USD Million )
  6. North America INDUCTIONLIGHTS  Market By Region, From 2022 - 2027 ( USD Million )
  7. North America Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  8. North America New Market By Region, From 2022 - 2027 ( USD Million )
  9. North America Retrofit Market By Region, From 2022 - 2027 ( USD Million )
  10. North America Grow Light Market By Applications, From 2022 - 2027 ( USD Million )
  11. North America Indoor farming Market By Region, From 2022 - 2027 ( USD Million )
  12. North America Vertical farming Market By Region, From 2022 - 2027 ( USD Million )
  13. North America Rooftop farming Market By Region, From 2022 - 2027 ( USD Million )
  14. North America Commercial Greenhouse Market By Region, From 2022 - 2027 ( USD Million )
  15. United States Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  16. United States Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  17. United States Grow Light Market By Applications, From 2022 - 2027 ( USD Million )
  18. Canada Grow Light Market By Technology, From 2022 - 2027 ( USD Million )
  19. Canada Grow Light Market By Installation, From 2022 - 2027 ( USD Million )
  20. Canada Grow Light Market By Applications, From 2022 - 2027 ( USD Million )

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