What is Grow Lamps Market Scope?
A grow light or lamp is an electric lamp that functions as an artificial source of light to stimulate growth in plants. Grow lights achieve this by emitting electromagnetic radiation in the visible light spectrum that simulates sunlight for photosynthesis. Grow lights or lamps are useful in indoor gardens where there is insufficient sunlight or no natural light at all to stimulate growth. A grow light or lamp is also known as a plant light.
The Grow Lamps market study is being classified by Type (High intensity discharge (HID) lights, Light emitting diodes (LEDs) and Fluorescent), by Application (Commercial Greenhouse, Vertical Farming, Indoor Farming and Others) and major geographies with country level break-up.
Analysts at AMA predicts that Manufacturers from United States and Netherlands will contribute to the maximum growth of United Kingdom Grow Lamps market throughout the predicted period.
Signify Holding (Netherlands), BIOS (United States), Lumigrow (United States), Fluence (Osram) (United States), Heliospectra (Sweden), GE Lighting (United States), YAHAM Lighting (China), LEDtronics (United States), IKIO LED LIGHTING (United States), Cree Inc. (United States), Fluence Bioengineering (United States), Hubbell Lighting (United States), Illumitex (United States), Kessil Lighting (United States), Lemnis Oreon (Netherlands) and Gavita International B.V. (Netherlands) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Iwasaki Electric Co., Ltd. (Japan), Hortilux Schréder (Netherlands), California Lightworks (United States), Zuzi Technology (China), Aerofarms (United States) and Emium Llc (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of United Kingdom Grow Lamps market by Type, Application and Region.
On the basis of geography, the market of Grow Lamps has been segmented into 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).
On 14 June 2017, Philips Lighting (Now Signify), a global leader in lighting, announced that it will provide LLC Agro-Invest, Russia’s most innovative greenhouse produce company, with LED grow lights to support cultivation of tomatoes and cucumbers in greenhouses covering an area of more than 25 hectares (equivalent in size to about 40 soccer pitches). The project, which is the largest LED horticultural lighting project ever undertaken, will enable year-round growing, help boost yields - especially in the winter - and will save 50 percent on energy costs compared to conventional high-pressure sodium lighting. The project also underlines a global trend for large-scale LED horticultural lighting implementations that can support demand for locally grown produce.
Influencing Market Trend
- Adoption of Vertical Farming Techniques in Urban Areas
Market Drivers
- Ongoing Government Initiatives to Support Energy-Efficient Lighting
- Growing Need for Long-Lasting, Energy-Efficient, and Economical Grow Lights
- Emerging Trend of Farm-To-Table Concept
Opportunities
- Rise of Vertical Farms
- Technological Advancements in LED Grow Lights
- Legalization of Cannabis in Different Countries Including US
- Emergence of Horticulture Lighting Software and Calculator
Restraints
- Requirement for Varied Light Spectrums for Different Crops
- High Setup and Installation Costs
Challenges
- Lack of Standard Testing Practices for Assessing Product Quality of Grow Lights and Their Fixtures
Key Target Audience
Grow Lamps Manufacturers, Grow Lamps Raw Material Suppliers, Grow Lamps Traders/Distributors, Regulatory & Government Bodies, End Users, Industry Associations and Others
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