The global LED Grow Lights market was valued at 1098.17 Million USD in 2021 and will grow with a CAGR of 15.12% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

LED grow lights are composed of light-emitting diodes, usually in a casing with a heat sink and built-in fans. LED grow lights do not usually require separate ballast and can be plugged directly into a standard electrical socket. LED grow lights can act as daylight in the absence of sunlight, so that plants can be normal or better growth and development. LED grow lights has strong roots, encourage, adjust the flowering, color, to promote fruit ripening, color, enhance the taste and quality of the role.First, as for the LED Grow Lights industry, the industry structure is relatively dispersion. The top 5 manufacturers occupied 31.98% of market share in 2015. The top 3 manufacturers are Philips, Osram and General Electric. The Philips which has 14.29% market share in 2015 is the leader in the LED Grow Lights industry. The manufacturers following Clearblue are Osram and General Electric which respectively has 7.20% and 4.75% market share in 2015. Second, the global consumption of LED Grow Lights products rises up from about 184.90 K units in 2011 to about 2022.75 K units in 2015, with an average annual growth rate of 61.36%. Third, China is the largest production region for LED Grow Lights witch production about 33.60% in 2015. Europe is the largest consumption region of LED Grow Lights witch consumption about 34.55%. North America is the second consumption about 29.33% in 2015. Finally, we believe LED Grow Lights industry have lot connection with the upstream raw materials. With the development agriculture and LED light industry we tend to believe the future of LED Grow Lights will be optimism. This is the end of LED Grow Lights report.

By Market Verdors:

Philips

Osram

General Electric

Easy Agricultural

Illumitex

Fionia Lighting

Lumigrow

Kind LED Grow Lights

California LightWorks

Spectrum King Grow Lights

Valoya

Weshine

Apollo Horticulture

Kessil

Cidly

Heliospectra AB

LEDHYDROPONICS

Ohmax Optoelectronic

Zhicheng

By Types:

High Power (≥300W)

Low Power (＜300W)

By Applications:

Commercial Greenhouses

Indoor Grow Facilities

Research Applications

Key Indicators Analysed

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Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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