About Greenhouse Lights
Greenhouse lights are used in the greenhouse sector for proper plant growth in the absence of natural light. With the advances in the technology of grow lights, the functionality is improving with efficiency and growth rates with low heat emission which can adversely impact the plants or crops. Many types of greenhouse lights are used like LED, fluorescent lights, metal halide lamps, and many others. With rising government support and investment in the greenhouse sector, the global greenhouse lighting market is expected to grow in the forecasted year.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The demand for Greenhouse Lights is increasing with each passing day. The businesses in this industry facing major competition with leading players of the market that includes General Electric Co., Signify N.V., OSRAM Licht AG and others. Many international as well as regional providers are also participants in the industry and directly compete with leaders. It has been identified that market leading players are investing heavily in growth strategies such as technological development, resource utilization to enhance their market position. The market leaders demonstrate a market-defining vision of how greenhouse lights can help top-line business executives achieve their business objectives. Leaders have the ability to execute against that vision through both products and services. They have demonstrated solid business results in the form of revenue and earnings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Greenhouse Lights market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric Co. (United States), Signify N.V. (Netherlands), OSRAM Licht AG (Germany), Co-Unity B.V. (Toshiba) (Japan), SANlight GmbH (Austria), LumiGrow Inc. (United States), Newlux (Canada), Illumitex (United States) and PARsource (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Heliospectra AB (Sweden), Thrive Agritech, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Greenhouse Lights market by Type (LED, Fluorescent Lights, High-Intensity Discharge lamps, Metal Halide Lamps, High-Pressure Sodium Lamps and Others), Application (Agriculture Practices, Research, Horticulture and Others) and Region.
On the basis of geography, the market of Greenhouse Lights 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). If we see Market by Distribution Channels, the sub-segment i.e. Online Stores will boost the Greenhouse Lights market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use of LED-based Greenhouse Lighting with Sensor Technology and Continuous Research and Development in the Greenhouse Sector
Market Growth Drivers:
Increasing Demand for Efficient and Easily Available Lights in the Greenhouse Sector in the Absence of Natural Lighting
Challenges:
The entry of Many Substitute Players in the Market
Restraints:
The High Purchasing Cost of Greenhouse Lightings and Risk Associated with the LED Light Causing Blindness in Humans
Opportunities:
Advancement in Lighting Technology will Boost Greenhouse Lighting Market and Rising Government Investment and Support in Greenhouse Technology
Market Leaders and their expansionary development strategies
In December 2021 Signify had announced the acquuisition of Fluence. With this acquisition, Signify will be able to expand its position in the North American horticulture lighting sector while also strengthening its worldwide farm lighting growth platform. The acquisition is consistent with Signify's expansion strategy in promising growth markets and its dedication to enhancing food accessibility by offering growers horticulture lighting that aids in lowering resource consumption and raising yields. Fluence's related horticultural lighting technology will be added to Signify's current knowledge and skill following the acquisition.
In February 2022 Fluence had announced the launch of Intercanopy Lighting Solution VYNE. The newest luminaire from the company has a variety of spectrum settings so that growers may combine light efficacy with crop quality and productivity. For high-density vine crops like tomatoes and cucumbers, intercanopy illumination can be a useful technique. In conjunction with extra top illumination, Fluence's VYNE solution is perfect for greenhouse settings. Lower in the canopy leaves now receive more photosynthetically active radiation thanks to VYNE, enhancing photosynthesis and eventually increasing plant production. The use of VYNE by growers is also possible in greenhouses with low ceilings and insufficient space for top lighting installation.
Key Target Audience
Greenhouse Lights Manufacturers, Greenhouse Lights International Traders, Greenhouse Lights Distributors and Suppliers, Research and Development Institutes, Potential Investors, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.