LED Grow Lights Market, by Installation Type (New Installation, Retrofit), Product (<300 Watt, >300 Watt), Spectrum (Full Spectrum, Partial Spectrum), Application (Commercial Greenhouse, Turf and Landscaping, Research, Indoor Farming, Vertical Farming, Others) – Global Revenue, Trends, Growth, Share, Size and Forecast To 2022

Chicago, IL -- (SBWire) -- 07/07/2017 --Grow Lights also known as Plant Light is an artificial light source used to stimulate plant growth by choosing appropriate light spectrum for photosynthesis. They are used in where natural light is limited or in a prerequisite controlled environment. A various type of bulb types is used as grow lights such as incandescent, high-intensity discharge lamps, fluorescent light and LED light. LED Grow Lights have applications in Commercial Greenhouse, Turf & landscaping, Indoor Farming, and Vertical Farming etc. Recent trend shows growth in LED Grow lights and is rapidly replacing other bulb type due to their high efficiency and economy.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Led Grow Lights Market. The scope of this report covers the Led Grow Lights Market by its major segments, which include the types, applications, and the major geographic regions.

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KEY PREMIUM INDUSTRY INSIGHTS

The key reasons driving the growth of the LED Grow Lights market includes increasing government imitative to promote LED technology, high demand for long-lasting, energy efficient technology and new trends such as indoor farming and vertical gardening is boosting the demand for LED Grow Lights.

Retrofitting is one of the key growth opportunity drivers for this market.

However, factors like high cost may hamper the growth of the LED Grow Lights market.

KEY MARKET PLAYERS

Key players in the led grow lights market include:

1. Koninklijke Philips N.V.,
2. General Electric
3. Osram Light AG
4. Everlight Electronics Co., Ltd.
5. Bridgelux, Inc.
6. Cree, Inc.
7. LumiGrow
8. Heliospectra AB
9. Illumitex
10. Alta LED

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