TABLE OF CONTENTS
1 INTRODUCTION (Page No. – 15)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONAL SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. – 19)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Breakdown of primaries
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for obtaining market size using bottom-up analysis
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach for obtaining market size using top-down analysis
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
3 EXECUTIVE SUMMARY (Page No. – 29)
4 PREMIUM INSIGHTS (Page No. – 34)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN GROW LIGHTS MARKET
4.2 GROW LIGHTS MARKET, BY APPLICATION
4.3 GROW LIGHTS MARKET IN EUROPE, BY APPLICATION AND COUNTRY
4.4 GROW LIGHTS MARKET IN EUROPE, BY LIGHTING TYPE
4.5 GROW LIGHTS MARKET, BY REGION
5 MARKET OVERVIEW (Page No. – 37)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Increasing adoption of indoor farming in urban areas
5.2.1.2 Ongoing government initiatives to support energy-efficient lighting
5.2.1.3 Growing need for long-lasting, energy-efficient, and economical grow lights
5.2.1.4 Emerging trend of farm-to-table concept
5.2.2 RESTRAINTS
5.2.2.1 Requirement for varied light spectrums for different crops
5.2.2.2 High setup and installation costs
5.2.3 OPPORTUNITIES
5.2.3.1 Rise of vertical farms
5.2.3.2 Technological advancements in LED grow lights
5.2.3.3 Legalization of cannabis in different countries including US
5.2.3.4 Emergence of horticulture lighting software and calculator
5.2.4 CHALLENGES
5.2.4.1 Lack of standard testing practices for assessing product quality of grow lights and their fixtures
6 INDUSTRY TRENDS (Page No. – 47)
6.1 VALUE CHAIN ANALYSIS
6.2 COVID-19 IMPACT ON GROW LIGHTS MARKET
6.2.1 OVERVIEW AND STATISTICS
6.2.2 IMPACT ON GROW LIGHTS MARKET
7 GROW LIGHTS MARKET, BY WATT (Page No. – 50)
7.1 INTRODUCTION
7.2 <300 WATT
7.2.1 <300 WATT TYPE OF GROW LIGHTS ARE LARGELY USED FOR CANNABIS PRODUCTION
7.3 >300 WATT
7.3.1 >300 WATT TYPE OF GROW LIGHTS ARE SUITABLE FOR VEGETABLE AND FLOWER PRODUCTION
8 GROW LIGHTS MARKET, BY LIGHTING TYPE (Page No. – 54)
8.1 INTRODUCTION
8.2 TOPLIGHTING
8.2.1 TOPLIGHTING—WIDELY USED LIGHTING TYPE IN INDOOR FARMING
8.3 INTERLIGHTING
8.3.1 INTERLIGHTING TO REGISTER HIGHER CAGR IN GROW LIGHTS MARKET DURING FORECAST PERIOD
9 GROW LIGHTS MARKET, BY INSTALLATION TYPE (Page No. – 58)
9.1 INTRODUCTION
9.2 NEW INSTALLATIONS
9.2.1 GROWING ADOPTION OF VERTICAL FARMING BOOST NEW INSTALLATIONS OF GROW LIGHTS
9.3 RETROFIT INSTALLATIONS
9.3.1 RETROFITTING INSTALLATION OF GROW LIGHTS HELP SAVE ENERGY, IMPROVE PLANT QUALITY, AND REDUCE MAINTENANCE COST
10 GROW LIGHTS MARKET, BY OFFERING (Page No. – 62)
10.1 INTRODUCTION
10.2 HARDWARE
10.2.1 BULBS AND FIXTURES, METAL REFLECTORS, REFLECTIVE FILMS, AND BALLASTS ARE KEY HARDWARE COMPONENTS OF GROW LIGHT SYSTEM
10.3 SOFTWARE & SERVICES
10.3.1 SOFTWARE & SERVICES SEGMENT TO EXHIBIT HIGHER CAGR IN GROW LIGHT MARKET DURING 2020–2025
11 GROW LIGHTS MARKET, BY APPLICATION (Page No. – 66)
11.1 INTRODUCTION
11.2 COMMERCIAL GREENHOUSE
11.2.1 COMMERCIAL GREENHOUSE USE GROW LIGHTS TO ACHIEVE HIGHER YIELD
11.3 VERTICAL FARMING
11.3.1 OPTIMUM USE OF VERTICAL SPACE AND BALANCED ENERGY UTILIZATION CREATE DEMAND FOR GROW LIGHTS IN VERTICAL FARMING
11.4 INDOOR FARMING
11.4.1 RISE IN GLOBAL POPULATION AND INCREASING REQUIREMENT FOR FOOD ACCELERATE DEMAND FOR GROW LIGHTS IN INDOOR FARMING
11.5 OTHERS
12 GEOGRAPHIC ANALYSIS (Page No. – 74)
12.1 INTRODUCTION
12.2 NORTH AMERICA
12.2.1 US
12.2.1.1 Presence of various manufacturers of grow light systems foster growth of grow lights market in US
12.2.2 CANADA
12.2.2.1 Utilization of grow lights for cultivation of medical marijuana induce greater demand in Canada
12.2.3 MEXICO
12.2.3.1 Extensive use of grow lights in tomato cultivation to accelerate their demand in Mexico
12.3 EUROPE
12.3.1 UK
12.3.1.1 Large-scale indoor farming practices in UK to boost demand for grow lights
12.3.2 GERMANY
12.3.2.1 High adoption of grow lights in large-scale commercial greenhouses to fuel requirement for grow lights
12.3.3 NETHERLANDS
12.3.3.1 Robust Presence of agriculture industry and key market players in country to augment growth of grow lights market
12.3.4 SCANDINAVIA
12.3.4.1 Rapid adoption of grow lights in indoor farming and greenhouse applications to stimulate market growth in Scandinavian countries
12.3.5 REST OF EUROPE
12.4 APAC
12.4.1 CHINA
12.4.1.1 Surging demand for high-quality fruits and vegetables to encourage use of grow lights in China
12.4.2 JAPAN
12.4.2.1 Shortage of arable land in country to induce demand for grow lights
12.4.3 AUSTRALIA
12.4.3.1 Less rainfall, along with legalization of cannabis, to facilitate use of grow lights for horticulture in Australia
12.4.4 REST OF APAC
12.5 REST OF THE WORLD
12.5.1 SOUTH AMERICA
12.5.1.1 Vertical coffee farm in Brazil to provide lucrative opportunities for grow lights market
12.5.2 MIDDLE EAST
12.5.2.1 Lack of fertile land in Middle East encouraging adoption of grow lights
12.5.3 AFRICA
12.5.3.1 Deficiency of sunlight in long monsoon season in Africa promote implementation of grow lights
13 COMPETITIVE LANDSCAPE (Page No. – 97)
13.1 OVERVIEW
13.2 RANKING ANALYSIS OF KEY PLAYERS IN GROW LIGHTS MARKET
13.3 COMPETITIVE SITUATIONS AND TRENDS
13.3.1 PRODUCT LAUNCHES AND DEVELOPMENTS
13.3.2 CONTRACTS
13.3.3 COLLABORATIONS
13.4 COMPETITIVE LEADERSHIP MAPPING, 2019
13.4.1 VISIONARY LEADERS
13.4.2 DYNAMIC DIFFERENTIATORS
13.4.3 INNOVATORS
13.4.4 EMERGING COMPANIES
14 COMPANY PROFILES (Page No. – 104)
14.1 KEY PLAYERS
(Business overview, Products/solutions/services offered, Recent developments, SWOT analysis, and MnM view)*
14.1.1 SIGNIFY HOLDING
14.1.2 GAVITA INTERNATIONAL B.V.
14.1.3 GENERAL ELECTRIC COMPANY
14.1.4 OSRAM GMBH
14.1.5 HELIOSPECTRA AB
14.1.6 IWASAKI ELECTRIC CO., LTD.
14.1.7 ILLUMITEX
14.1.8 HORTILUX SCHRÉDER
14.1.9 CALIFORNIA LIGHTWORKS
14.1.10 ZUZI TECHNOLOGY
14.2 OTHER IMPORTANT PLAYERS
14.2.1 AEROFARMS
14.2.2 EMIUM LLC
14.2.3 INDULUX TECHNOLOGIES
14.2.4 VALOYA
14.2.5 KESSIL
*Details on Business overview, Products/solutions/services offered, Recent developments, SWOT analysis, and MnM view might not be captured in case of unlisted companies.
14.3 KEY INNOVATORS
14.3.1 THRIVE AGRITECH
14.3.2 VIVIDGRO (SUBSIDIARY OF LIGHTING SCIENCE GROUP CORPORATION)
14.3.3 BOWERY FARMING, INC.
14.3.4 METROPOLIS FARMS
14.3.5 CROP ONE HOLDINGS