Technavio has been monitoring the light-emitting diode (LED) grow lights market and it is poised to grow by USD 3.53 billion during 2020-2024, progressing at a CAGR of over 25% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Light-emitting Diode (LED) Grow Lights Market 2020-2024 (Graphic: Business Wire)
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Light-emitting Diode (LED) Grow Lights Market. Download free sample report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advanced LED Grow Lights, Cree Inc., General Electric Co., GNUK Ltd., Heliospectra AB, Illumitex Inc., LumiGrow Inc., OSRAM Licht AG, Senmatic AS, and Signify NV are some of the major market participants. The growth in indoor farming will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growth in indoor farming has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/global-light-emitting-diode-led-grow-lights-market-industry-analysis
Light-emitting Diode (LED) Grow Lights Market 2020-2024: Segmentation
Light-emitting Diode (LED) Grow Lights Market is segmented as below:
Application
Commercial Greenhouses
Vertical Farming
Others
Geographic Landscape
APAC
Europe
MEA
North America
South America
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Light-emitting Diode (LED) Grow Lights Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our light-emitting diode (LED) grow lights market report covers the following areas:
Light-emitting Diode (LED) Grow Lights Market Size
Light-emitting Diode (LED) Grow Lights Market Trends
Light-emitting Diode (LED) Grow Lights Market Analysis
This study identifies use of artificial intelligence in LED grow lights as one of the prime reasons driving the light-emitting diode (LED) grow lights market growth during the next few years.
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Light-emitting Diode (LED) Grow Lights Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist light-emitting diode (LED) grow lights market growth during the next five years
Estimation of the light-emitting diode (LED) grow lights market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the light-emitting diode (LED) grow lights market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of light-emitting diode (LED) grow lights market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
Value chain analysis
PART 04: MARKET SIZING
Market definition
Market size
Market sizing 2019
Market outlook
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
Market segmentation by application
Comparison by application
Commercial greenhouses Market size and forecast 2019-2024
Vertical farming Market size and forecast 2019-2024
Others Market size and forecast 2019-2024
Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
Europe Market size and forecast 2019-2024
North America Market size and forecast 2019-2024
APAC Market size and forecast 2019-2024
South America Market size and forecast 2019-2024
MEA Market size and forecast 2019-2024
Key leading countries
Market opportunity
PART 09: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 10: MARKET TRENDS
Growing strategic alliances with end-users
Use of LED grow lights in suppression of plant diseases
Use of artificial intelligence in LED grow lights
PART 11: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 12: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Advanced LED Grow Lights
Cree Inc.
General Electric Co.
GNUK Ltd.
Heliospectra AB
Illumitex Inc.
LumiGrow Inc.
OSRAM Licht AG
Senmatic AS
Signify NV
PART 13: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 14: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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