Market Highlights:
Grow Light is an electric lighting, which is a form of artificial lighting that designed to stimulate plant growth by emitting an electromagnetic spectrum for photosynthesis. Grow Light market is expected to mark significant growth over forecasted period owing to increasing consumers spending on energy efficiency products, providing government initiatives for adopt of grow light, long lasting environmentally safe products and technological advancement. There has been significant rise in number of people adopting light emitting diodes (LED) bulbs with figure stood up to 29% in United States alone in 2018, the future for grow light looks promising. This result in rising popularity of incandescent bulbs at homes, increasing demand of compact fluorescent and escalating need for electrical illumination of grow light may trigger demand and help in industry expansion. The market study is being classified by Type (High-intensity Discharge (HID) Lights, High-pressure Sodium (HPS), Light Emitting Diodes, Fluorescent Lights and Other), by Application (Indoor Farming, Vertical Farming, Commercial Greenhouse and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Grow Light are Aerofarms Ltd. (United States), Gavita Holland B.V. (The Netherlands), Lumileds Holding B.V. (The Netherlands), Philips Lighting Ltd. (The Netherlands), OSRAM Licht Group (Germany), Valoya Ltd. (Finland), Heliospectra AB (Sweden), Sunlight Supply, Inc. (United States) and Fluence Bioengineering, Inc. (United States).

Major Market Development Highlights
In June 2018, OSRAM acquired Fluence Bioengineering, which is specializes in LED grow lights. This acquisition is beneficial in providing horticultural solutions and planned to offers high efficiency in automation and IoT platform called Lightelligence in smart lighting applications.
In November 2018, Hydrofarm Holdings Group, Inc. launched a PHOTOBIO LED Product Line with the partnership of SANANBIO that is beneficial in providing horticultural LED product line that formulated with high power greenhouse and indoor growing. It also offers highest quality technology and indoor farming applications.

Key Questions Answered in the Report
What will the Grow Light Market size and the growth rate be in Future?
What are the key factors driving the Grow Light Market?
What are the key market trends and macro-economic impacting the growth of the Grow Light Market?
What are the challenges to market growth?
Who are the key vendors in the Grow Light Market?
What are the market opportunities and threats faced by the vendors in the Grow Light Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Grow Light Market?

Refer complete Table of Content of Grow Light Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Grow Light market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Grow Light market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Grow Light Manufacturers, Grow Light Traders, End-Use Market Participants of Different Segments of Grow Light, Government and Research Organizations, R&D Institutions and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.