This report covers the present scenario (with the base year being 2017) and the growth prospects of global Horticultural LED Lighting market for 2018-2023.
Horticultural LED Lighting is composed of light-emitting diodes, usually in a casing with a heat sink and built-in fans. Horticultural LED Lights do not usually require separate ballast and can be plugged directly into a standard electrical socket. Horticultural LED Lighting can act as daylight in the absence of sunlight, so that plants can be normal or better growth and development. Horticultural LED Lights have strong roots, encourage, adjust the flowering, color, to promote fruit ripening, color, and enhance the taste and quality of the role.
As for the horticultural LED lighting industry, the industry structure is relatively concentrated. The top 5 manufacturers occupied 41.67% of market share in 2016. The top 3 manufacturers are Philips, Osram and General Electric. The Philips which has 12.95% market share in 2016 is the leader in the LED Grow Lights industry. The manufacturers following Philips are Osram and Everlight Electronics which respectively has 9.62% and 9.00% market share in 2016.
Europe is the largest sales region for horticultural LED lighting which the number is about 1163K units with the market share of 32.24% in 2016. North America is the second largest sales region of horticultural LED lighting sales about 1116K Unit.
We believe horticultural LED lighting industry have lot connection with the upstream raw materials. With the development agriculture and LED light industry we tend to believe the future of horticultural LED lighting will be optimism.
Over the next five years, this report projects that Horticultural LED Lighting will register a xx% CAGR in terms of revenue, reach US$ 940 million by 2023, from US$ 940 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Horticultural LED Lighting market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Low Power (＜300W)
High Power (≥300W)
Segmentation by application:
Indoor and Vertical Farming
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Horticultural LED Lighting consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Horticultural LED Lighting market by identifying its various subsegments.
Focuses on the key global Horticultural LED Lighting manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Horticultural LED Lighting with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Horticultural LED Lighting submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.