Indoor LED Grow Lights Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Philips, Valoya, Osram, Illumitex, Senmatic, GE Lighting, California LightWorks, Lumigrow

Registering a CAGR of 28.1% over the forecast period, the market value of Indoor LED Grow Lights is expected to reach US$ 12,400.70 million in the year 2027.

Indoor LED Grow Lights Market Overview

Indoor LED Grow Lights are specialized LEDs with a full spectrum that aid in photosynthesis and allow plants to grow in the absence of sunlight. As a result, it is ideal for all types of indoor plants as well as supplemental lighting for outdoor and greenhouse plants. Some of the major drivers of the Indoor LED Grow Lights industry are the benefits it provides, such as high controllability and efficiency, as well as the increased adoption of vertical farming. These factors are expected to drive rapid market growth during the forecast period. However, the high initial investment and lack of standardization are significant barriers to the growth of the Indoor LED Grow Lights market. The legalization of cannabis, on the other hand, creates lucrative opportunities for market growth during the forecast period.

Indoor LED Grow Lights Market Opportunities will be created as indoor farming becomes more popular. Indoor plantations have brought in a lot of money for their owners in recent years. These plantation methods allow for organic farming. This market is seeing the greatest uptake of Indoor LED Grow lights. This is primarily an indoor large-scale plantation process.

Grow lights are effective substitutes for direct sunlight. They have the ability to mimic natural light and allow for exceptional plant growth. Three types of grow lights are required for the plantations. Indoor framing will become more common in the coming years. Furthermore, technological advancements will provide more room for growth in the Indoor LED Grow Lights market. With market technological advancements, affordable farming is now a possibility.

Indoors, led grow lights are more effective because they can provide blue and red wavelengths. It will strengthen, nutrient-dense, and healthy the plants. Red lights prevent chlorophyll from degrading. As a result, exceptional produce is possible using this technique. The key players are working on light variations that will help plants grow even more. The science and light departments are working together to develop the technology. All of these factors will contribute to the LED grow light market's versatility.

Who are the Major Players in the Indoor LED Grow Lights Market?

The global Indoor LED Grow Lights includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Philips, Valoya, Osram, Illumitex, Senmatic, GE Lighting, California LightWorks, Lumigrow, Spectrum King, Kind LED Grow Lights, Ohmax Optoelectronic, Weshine, Heliospectra AB, Cidly, LEDHYDROPONICS, Apollo Horticulture and others.

Industry News and Updates:

Heliospectra and Nectar Farms will collaborate on MITRA LED lighting solutions for large-scale glasshouse installations in Australia.

24th of October, 2019 - Heliospectra AB (publ) (OTCQB: HLSPY, FIRSTNORTH GROWTH MARKET: HELIO), a world leader in intelligent lighting technology for greenhouse and controlled plant growth environments, announces a new order from Nectar Farms in Victoria, Australia for MITRA LED lighting solutions. The order is worth SEK 72 million and includes a 50% down payment in Q4 2019. Heliospectra will not begin production until the down payment is received. When the lighting is shipped and installed in the second and third quarters of 2020, revenue is expected.

What are the major Applications, Types, and Regions for the Indoor LED Grow Lights Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• High Power (≥300W)


• Low Power (＜300W)

By Application, it is segmented into

• Commercial Greenhouses


• Research Applications


• Others

Indoor LED Grow Lights Market Regional Analysis

The Asia Pacific region has the highest demand for indoor plantation products. The region's countries are major producers of LED grow lights. Because of indoor farming, the LED grow light market is constantly expanding.

Europe is the next-largest region in terms of investment. It is a commercial greenhouse early adopter of LED grow lights. The rapid expansion of the population has resulted in a high scope in this region. North America is another significant regional player, with massive investments and output. All of these regional players will contribute to the global LED light market's high demand and growth.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Indoor LED Grow Lights Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Indoor LED Grow Lights Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Indoor LED Grow Lights Market report scope?

Scope of the Report covers Indoor LED Grow Lights Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Indoor LED Grow Lights Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Indoor LED Grow Lights Report

• Evaluate Indoor LED Grow Lights market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Indoor LED Grow Lights market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Indoor LED Grow Lights Market is studied from 2017 - 2027.

What is the growth rate of the Indoor LED Grow Lights Market?

The Indoor LED Grow Lights Market is growing at a CAGR of 28.1% over the next 5 years.

Who are the key players in Indoor LED Grow Lights Market?

Philips, Valoya, Osram, Illumitex, Senmatic, GE Lighting, California LightWorks, Lumigrow, Spectrum King, Kind LED Grow Lights, Ohmax Optoelectronic, Weshine, Heliospectra AB, Cidly, LEDHYDROPONICS, Apollo Horticulture What regions does this Indoor LED Grow Lights Market report cover?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Indoor LED Grow Lights Market?

High Power (≥300W), Low Power (＜300W)

What are the major end-use applications of Indoor LED Grow Lights Market?

Commercial Greenhouses, Research Applications, Others

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