Market Analysis and Insights: Global LED Agricultural Grow Lights Market
Due to the COVID-19 pandemic, the global LED Agricultural Grow Lights market size is estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2023-2030. Fully considering the economic change by this health crisis, 100w accounting for % of the LED Agricultural Grow Lights global market in 2022, is projected to value US$ million by 2030, growing at a revised % CAGR from 2023 to 2030. While Vegetables segment is altered to an % CAGR throughout this forecast period.
North America LED Agricultural Grow Lights market is estimated at US$ million in 2022, while Europe is forecast to reach US$ million by 2030. The proportion of the North America is % in 2022, while Europe percentage is %, and it is predicted that Europe share will reach % in 2030, trailing a CAGR of % through the analysis period 2023-2030. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of LED Agricultural Grow Lights include Philips, Osram, GE, Illumitex, Everlight Electronics, Opto-LED Technology, Syhdee, Epistar and Sanxinbao Semiconductor, etc. In terms of revenue, the global 3 largest players have a % market share of LED Agricultural Grow Lights in 2022.
Global LED Agricultural Grow Lights Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the markets growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2018 to 2030. This section mentions the volume of production by region from 2018 to 2030. Pricing analysis is included in the report according to each type from the year 2018 to 2030, manufacturer from 2018 to 2023, region from 2018 to 2023, and global price from 2018 to 2030.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market experts opinions have been taken to understand the market better.
Global LED Agricultural Grow Lights Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2018 to 2030. by Application segment also provides consumption during the forecast period of 2018 to 2030. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Segment by Application
- Vegetables
- Flowers and Plants
- Others
By Company
- Philips
- Osram
- GE
- Illumitex
- Everlight Electronics
- Opto-LED Technology
- Syhdee
- Epistar
- Sanxinbao Semiconductor
- Valoya
- LumiGrow
- Fionia Lighting
- Netled
- Apollo Horticulture
- Grow LED Hydro
- Kessil
- Spectrum King Grow Lights
- Cidly
- Weshine
- K-light
- QEE Technology
- Rosy Electronics
- Ohmax Optoelectronic Lighting
- Zhicheng Lighting
Production by Region
- North America
- Europe
- China
- Japan
Consumption by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Taiwan
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Latin America
- Mexico
- Brazil
- Argentina
