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LED Grow Lights Market Share, 2019-2024

In addition to application of LED grow lights in indoor farming, its use in livestock farming and aquaculture is also expected to increase owing to the gradually rising protein demand globally.

In addition to application of LED grow lights in indoor farming, its use in livestock farming and aquaculture is also expected to increase owing to the gradually rising protein demand globally.

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Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

Focus on Spectrum (Full PAR, Partial, Treatment), Application<br />

(Indoor Farms, Greenhouses, Livestock and Aquaculture, Turf and<br />

Landscaping), and Power Consumption–Analysis and Forecast <strong>2019</strong>-<strong>2024</strong><br />

Key Questions Answered in the Report<br />

MORE THAN<br />

70 COMPANIES<br />

RESEARCHED<br />

ACROSS THE VALUE<br />

CHAIN<br />

METICULOUS<br />

COMPILATION OF<br />

MORE THAN 700<br />

RESEARCH HOURS<br />

EXCLUSIVE INSIGHTS<br />

FROM IN-DEPTH<br />

INTERVIEWS<br />

CONTAINS 58<br />

MARKET DATA TABLES<br />

AND 117 FIGURES<br />

SPREAD ACROSS<br />

236 PAGES<br />

• How are <strong>LED</strong> grow lights a viable solution to the increasing global food demand<br />

and depleting natural resources?<br />

• What are the major factors promoting the uptake of <strong>LED</strong> grow light technologies?<br />

• How is the high investment cost affecting the overall adoption of <strong>LED</strong> grow<br />

lights by growers? What type of solutions can be undertaken by the companies<br />

to overcome the cost factor?<br />

• How competitive is the industry in terms of market developments by key players<br />

such as business expansions, collaborations, acquisitions, agreements, and<br />

new product developments?<br />

• What are the key strategies, both inorganic and organic, that are being adopted<br />

by market participants to expand their market share, regionally as well as in<br />

new product lines?<br />

• What is the positioning of the leading players in the lighting systems market on<br />

the basis of their revenue contribution?<br />

• What has been the investment and funding landscape in the global <strong>LED</strong> lights<br />

market in the last three years? How attractive is the market for emerging startups?<br />

• Which is the most common application area to deploy <strong>LED</strong> grow lights? What<br />

is the expected growth potential for different applications during the forecast<br />

period?<br />

• Who are the leading players offering technologies for different facilities in the<br />

<strong>LED</strong> grow lights?<br />

• What is the expected future scenario and revenue generated by different types<br />

of <strong>LED</strong> grow lights including hardware systems, software, and services?<br />

• What are the emerging crop types that are expected to be compatible with <strong>LED</strong><br />

grow lights market?<br />

• Which is the most dominant region in terms of technology adoption, revenue<br />

generation, and presence of companies as of 2018?<br />

• What are the internal and external factors that impact the company’s positioning<br />

in the market?<br />

sales@bisresearch.com | www.bisresearch.com


Table of Contents<br />

• <strong>Market</strong> Drivers<br />

• <strong>Market</strong> Restraints<br />

• <strong>Market</strong> Opportunities<br />

• Key <strong>Market</strong> Developments and<br />

Strategies<br />

• <strong>Market</strong> <strong>Share</strong> Analysis of Key Global<br />

<strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> Manufacturing<br />

Companies<br />

REPORT SCOPE AND<br />

METHODOLOGY<br />

• Report Scope<br />

• <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

Research Methodology<br />

MARKET DYNAMICS<br />

COMPETITIVE LANDSCAPE<br />

INDUSTRY ANALYSIS<br />

GLOBAL <strong>LED</strong> GROW LIGHTS<br />

MARKET (BY POWER)<br />

GLOBAL <strong>LED</strong> GROW LIGHTS<br />

MARKET, (BY SPECTRUM)<br />

GLOBAL <strong>LED</strong> GROW LIGHTS<br />

MARKET (BY APPLICATION)<br />

GLOBAL <strong>LED</strong> GROW LIGHTS<br />

MARKET (BY REGION)<br />

• Investment and Funding Landscape<br />

• Crops Requiring <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> for<br />

Cultivation<br />

• Emerging Trends in the <strong>LED</strong> <strong>Grow</strong><br />

<strong>Lights</strong> Industry<br />

• Comparative Analysis Between<br />

Different <strong>Grow</strong> <strong>Lights</strong><br />

• Case Studies<br />

• Consortiums and Associations<br />

• Supply Chain<br />

• Assumptions and Limitations for<br />

Analysis and Forecast of the Global<br />

<strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

• <strong>Market</strong> Overview<br />

• Low Power <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

(>= 300 Watts)<br />

• High Power <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

(>= 300 Watts)<br />

• <strong>Market</strong> Overview<br />

• Full PAR Spectrum<br />

• Partial Spectrum<br />

• Treatment Spectrum<br />

• <strong>Market</strong> Overview<br />

• Greenhouses<br />

• Indoor Farming<br />

• Turf and Landscaping<br />

• Livestock Farming and Aquaculture<br />

• Research<br />

• North America<br />

• Europe<br />

• Asia-Pacific<br />

• Rest-of-the-World (RoW)<br />

COMPANY PROFILES<br />

• Advanced <strong>LED</strong> <strong>Lights</strong><br />

• Agrilight B.V.<br />

• California LightWorks<br />

• Cirrus Systems, Inc.<br />

• Cree, Inc.<br />

• Current by General Electric<br />

• DeLaval<br />

• Everlight Electronics Co., Ltd.<br />

• GEA Group<br />

• Heliospectra AB<br />

• Illumitex<br />

• LedsMaster <strong>LED</strong> Lighting<br />

• Lumigrow<br />

• Lumileds<br />

• OSRAM Litch AG<br />

• Platinum<strong>LED</strong> <strong>Lights</strong> LLC<br />

• Planet Lighting Ltd<br />

• Pro Max <strong>Grow</strong><br />

• RHENAC GreenTec AG<br />

• San’an Optoelectronics Ltd.<br />

• Signify N.V.<br />

• Stadium <strong>Grow</strong> Lighting<br />

• Shenzhen Honteck-Wins<br />

Electronics Co., Ltd.<br />

• TSL Green <strong>Grow</strong>ing<br />

Solutions Litch AG<br />

• Valoya<br />

VIEW COMPLETE TABLE OF CONTENT<br />

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List of Tables<br />

1. <strong>Grow</strong>ers in the Indoor Farming Industry With<br />

Highest Investments, 2016-2018<br />

2. Most Profitable Crops for Indoor Farming and Input<br />

of Light Required<br />

3. Most Profitable Crops <strong>Grow</strong>n in Greenhouses<br />

4. Comparisons Among Lighting Sources<br />

5. Key Consortiums and Associations in Global <strong>LED</strong><br />

<strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

6. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Power<br />

Consumption), $Million, 2018-<strong>2024</strong><br />

7. Power Rating of Low Power <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

(=300 Watts) Manufactured by Leading Players<br />

9. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Application),<br />

$Million, 2018-<strong>2024</strong><br />

10. Greenhouse <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> Manufactured by<br />

Leading Players<br />

11. Key Developments Pertaining to the Technologies<br />

for Greenhouse Indoor Farming<br />

12. Impact of <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> on Plant <strong>Grow</strong>th as<br />

Compared to Fluorescent <strong>Lights</strong><br />

13. <strong>LED</strong> <strong>Grow</strong> Light Products Manufactured by<br />

Leading Players for Indoor Farms<br />

14. Key Developments Pertaining to <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

in Indoor Farming<br />

15. Major Sports Stadiums Making Use of <strong>LED</strong> <strong>Grow</strong><br />

<strong>Lights</strong> Treatment<br />

16. Major Players of <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> for Turf and<br />

Landscaping<br />

17. Products by Leading Players Suited for Research<br />

Application<br />

18. Regional <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, $Million, 2018-<br />

<strong>2024</strong><br />

19. Greenhouse Vegetable <strong>Grow</strong>ers in North America,<br />

2018<br />

20. North America <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

(by Application), $Million, 2018-<strong>2024</strong><br />

21. North America <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

(by Country), $Million, 2018-<strong>2024</strong><br />

22. Statistics of Key Crops Produced in<br />

the U.S., 2016<br />

23. <strong>Share</strong> of Greenhouse Production across Different<br />

States and Vegetables in<br />

Canada, 2017<br />

24. Europe <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>,<br />

(by Application), $Million, 2018-<strong>2024</strong><br />

25. Europe <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Country),<br />

$Million, 2018-<strong>2024</strong><br />

26. Use of <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> in Major Sports Fields in<br />

the Netherlands<br />

27. Use of <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> in Major Sports<br />

Fields in Spain<br />

28. Use of <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> in Major Sports<br />

Fields in France<br />

29. Macroeconomic Factors Driving the <strong>LED</strong> <strong>Grow</strong><br />

<strong>Lights</strong> Industry Through Indoor Farming<br />

30. Asia-Pacific <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> (by Application),<br />

$Million, 2018-<strong>2024</strong><br />

31. Asia-Pacific <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

(by Country), $Million, 2018-<strong>2024</strong><br />

32. RoW <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Application),<br />

$Million, 2018-<strong>2024</strong><br />

33. Rest-of-the-World <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

(by Country), $Million, 2018-<strong>2024</strong><br />

34. Advanced <strong>LED</strong> <strong>Lights</strong>: Product Portfolio<br />

35. Agrilight B.V.: Product Portfolio<br />

36. California LightWorks: Product Portfolio<br />

37. Cirrus Systems, Inc.: Product Portfolio<br />

38. Cree, Inc.: Product Portfolio<br />

39. Current by General Electronics: Product Portfolio<br />

40. DeLaval: Product Portfolio<br />

41. Everlight Electronics Co., Ltd.: Product Portfolio<br />

42. GEA Group: Product Portfolio<br />

43. Heliospectra AB: Product Portfolio<br />

44. Illumitex: Product Portfolio<br />

45. LedsMaster: Product Portfolio<br />

46. Lumigrow: Product Portfolio<br />

47. Lumileds: Product Portfolio<br />

48. OSRAM Litch AG: Product Portfolio<br />

49. Platinum<strong>LED</strong> <strong>Lights</strong> LLC: Product Portfolio<br />

50. Planet Lighting Ltd: Product Portfolio<br />

51. Pro Max <strong>Grow</strong>: Product Portfolio<br />

52. RHENAC GreenTec AG: Product Portfolio<br />

53. San’an Optoelectronics Ltd.: Product Portfolio<br />

54. Signify N.V.: Product Portfolio<br />

55. Stadium <strong>Grow</strong> Lighting: Product Portfolio<br />

56. Shenzhen Honteck-Wins Electronics Co.,<br />

Ltd.: Product Portfolio<br />

57. TSL Green <strong>Grow</strong>ing Solutions Litch AG:<br />

Product Portfolio<br />

58. Valoya: Product Portfolio<br />

sales@bisresearch.com | www.bisresearch.com


List of Figures<br />

1. Macroeconomic Trends Impacting the Global <strong>LED</strong><br />

<strong>Grow</strong> Light Demand<br />

2. Drivers and Restraints – Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

<strong>Market</strong><br />

3. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> Snapshot<br />

4. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Spectrum),<br />

<strong>2019</strong>-<strong>2024</strong>, ($Million)<br />

5. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> by<br />

Application Area<br />

6. Regional <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> Snapshot<br />

7. <strong>Market</strong> Dynamics<br />

8. Impact Analysis of Drivers<br />

9. Number of Undernourished People in the<br />

World, 2017<br />

10. Energy Saving from Theoretical “All-<strong>LED</strong>”<br />

11. Global Demand for Animal Protein 2015-2035<br />

12. Impact Analysis of Restraints<br />

13. Energy Consumption <strong>Share</strong> for Different<br />

Technologies Used in Indoor Cultivation of<br />

Marijuana<br />

14. Strategies Adopted by the Key Players<br />

(January 2016-July <strong>2019</strong>)<br />

15. <strong>Share</strong> of Key <strong>Market</strong> Strategies and Developments<br />

(January 2016-July <strong>2019</strong>)<br />

16. Product Launches and Developments <strong>Share</strong><br />

(by Companies)<br />

17. Partnerships, Collaborations, and Joint Ventures<br />

<strong>Share</strong> (by Companies)<br />

18. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> Investment and<br />

Funding for Manufacturers, 2016-2018<br />

19. Investment and Funding for <strong>Grow</strong>ers in the Indoor<br />

Farming Industry<br />

20. Advantages of UV and IR in <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

21. Micro Case Study: <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> Project by<br />

Heliospectra AB<br />

22. Micro Case Study: <strong>LED</strong> <strong>Grow</strong> Light Project on<br />

Livestock Farms<br />

23. Micro Case Study: <strong>LED</strong> <strong>Grow</strong> Light Project by<br />

Stadium <strong>Grow</strong> Lighting<br />

24. Classification of <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> Based<br />

on Power Consumption<br />

25. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Low Power<br />

<strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong>), 2018-<strong>2024</strong><br />

26. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by High Power<br />

<strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong>), 2018-<strong>2024</strong><br />

27. Spectrum and Wavelengths of Light emitted<br />

by <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

28. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Full PAR<br />

Spectrum), 2018-<strong>2024</strong><br />

29. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Partial<br />

Spectrum), $Million, 2018-<strong>2024</strong><br />

30. Benefits of Partial Spectrum <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong><br />

31. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Treatment<br />

Spectrum), $Million, 2018-<strong>2024</strong><br />

32. Advantages of Treatment Spectrum in<br />

Plant <strong>Grow</strong>th<br />

33. Classification of <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> Based<br />

on Application<br />

34. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong><br />

(by Greenhouses), 2018-<strong>2024</strong><br />

35. Geographical Areas Covered by Greenhouses<br />

Producing Vegetables Around the World<br />

36. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Indoor<br />

Farming), 2018-<strong>2024</strong><br />

37. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Turf and<br />

Landscaping), 2018-<strong>2024</strong><br />

38. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Livestock<br />

Farming and Aquaculture), 2018-<strong>2024</strong><br />

39. Global <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> (by Research),<br />

2018-<strong>2024</strong><br />

40. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong>: Regional <strong>Market</strong> Snapshot<br />

41. North America <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>,<br />

2018-<strong>2024</strong><br />

42. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in the U.S., 2018-<strong>2024</strong><br />

43. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in Canada, 2018-<strong>2024</strong><br />

44. <strong>Share</strong> of Agriculture in GDP of Mexico,<br />

1970-2018 (%)<br />

45. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in Mexico, 2018-<strong>2024</strong><br />

46. Europe <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

47. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in the Netherlands, 2018-<br />

<strong>2024</strong><br />

48. U.K. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

sales@bisresearch.com | www.bisresearch.com


List of Figures<br />

49. <strong>Share</strong> of Agriculture as a Part of GDP of the U.K.,<br />

1995-2018 (% of GDP)<br />

50. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in Spain, 2018-<strong>2024</strong><br />

51. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in Italy, 2018-<strong>2024</strong><br />

52. Population and Urbanization in Italy<br />

53. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in France, 2018-<strong>2024</strong><br />

54. Population and Urbanization in France,<br />

2000-2018<br />

55. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in Russia, 2018-<strong>2024</strong><br />

56. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> in Rest-of-Europe, 2018-<br />

<strong>2024</strong><br />

57. Asia-Pacific <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>,<br />

2018-<strong>2024</strong><br />

58. Japan <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

59. China <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

60. South Korea <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>,<br />

2018-<strong>2024</strong><br />

61. Singapore <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

62. Population of Singapore (Million)<br />

63. ANZ <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

64. Rest-of-Asia-Pacific <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>,<br />

2018-<strong>2024</strong><br />

65. Rest-of-the-World <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<br />

<strong>2024</strong><br />

66. U.A.E. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

67. Saudi Arabia <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>,<br />

2018-<strong>2024</strong><br />

68. Brazil <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

69. South Africa <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>,<br />

2018-<strong>2024</strong><br />

70. Others <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong>, 2018-<strong>2024</strong><br />

71. Segmentation of Key Companies Profiled<br />

72. Advanced <strong>LED</strong> <strong>Lights</strong>: SWOT Analysis<br />

73. Agrilight B.V.: SWOT Analysis<br />

74. California LightWorks: SWOT Analysis<br />

75. Cirrus Systems, Inc.: SWOT Analysis<br />

76. Cree, Inc.: Overall Financials, 2016-2018<br />

77. Cree, Inc.: Net Revenue (by Business Segment),<br />

2016-2018<br />

78. Cree, Inc.: Net Revenue (by Region), 2016-2018<br />

79. Research and Development: Cree, Inc. –<br />

2016 to 2018<br />

80. Cree, Inc.: SWOT Analysis<br />

81. Current by General Electronics: SWOT Analysis<br />

82. DeLaval.: SWOT Analysis<br />

83. Everlight Electronics Co., Ltd.: Overall Financials,<br />

2016-2018<br />

84. Everlight Electronics Co., Ltd.: Net Revenue<br />

(by Region), 2016-2018<br />

85. Everlight Electronics Co., Ltd.: Net Revenue<br />

by Business Segment, 2016-2018<br />

86. Research and Development: Everlight Electronics<br />

Co., Ltd. – 2016 to 2018<br />

87. Everlight Electronics Co., Ltd.: SWOT Analysis<br />

88. GEA Group: Overall Financials, 2018<br />

89. GEA Group: Net Revenue by Operating Segment<br />

2018<br />

90. GEA Group: Net Revenue by Regional<br />

Segment 2018<br />

91. GEA Group SWOT Analysis<br />

92. Heliospectra AB: Overall Financials, 2016-2018<br />

93. Heliospectra AB: SWOT Analysis<br />

94. Illumitex: SWOT Analysis<br />

95. Lumigrow: SWOT Analysis<br />

96. Lumileds: SWOT Analysis<br />

97. OSRAM Litch AG: Overall Financials, 2016-2018<br />

98. OSRAM Litch AG: Net Revenue by Business<br />

Segment, 2016-2018<br />

99. OSRAM Litch AG: Net Revenue (by Region),<br />

2016-2018<br />

100. Research and Development: OSRAM Litch AG –<br />

2016 to 2018<br />

101. OSRAM Litch AG: SWOT Analysis<br />

102. Platinum<strong>LED</strong> <strong>Lights</strong> LLC: SWOT Analysis<br />

103. Planet Lighting Ltd: SWOT Analysis<br />

104. Pro Max <strong>Grow</strong>: SWOT Analysis<br />

105. SWOT Analysis<br />

106. Signify N.V.: Overall Financials, 2016-2018<br />

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List of Figures<br />

107. Signify N.V.: Net Revenue (by Business Segment), 2016-2018<br />

108. Signify N.V.: Net Revenue (by Region), 2016-2018<br />

109. Research and Development: Signify N.V. – 2016 to 2018<br />

110. Signify N.V.: SWOT Analysis<br />

111. Stadium <strong>Grow</strong> Lighting: SWOT Analysis<br />

112. Shenzhen Honteck-Wins Electronics Co., Ltd.: SWOT Analysis<br />

113. Valoya: SWOT Analysis<br />

114. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> Scope<br />

115. Report Methodology<br />

116. Primary Interviews Breakdown, by Company, Designation, and Region<br />

117. Sources of Secondary Research<br />

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Research Scope & BIS Methodology<br />

1. Scope of the Report<br />

The report is a thorough study of the <strong>LED</strong> grow lights market share and market size, including the analysis of spectrum<br />

type, power consumption, and application area of <strong>LED</strong> grow lights industry. The market trends across the leading<br />

countries have also been extensively analyzed in the <strong>LED</strong> grow lights market study. Further, the market estimated in<br />

different sections of the report considered “<strong>2019</strong>-<strong>2024</strong>” as the forecast period.<br />

Figure 1: Research Scope & BIS Methodology<br />

Current <strong>Market</strong><br />

Information and Data<br />

Influencing Factors<br />

(<strong>Market</strong> Trends and Dynamics)<br />

Forecast<br />

• <strong>Market</strong> Size<br />

• <strong>Market</strong> <strong>Share</strong><br />

• Industry Attractiveness<br />

• Companies Key<br />

Developments<br />

• Emerging Trends<br />

• Recent Developments<br />

• <strong>Market</strong> Drivers<br />

• <strong>Market</strong> Restraints<br />

• <strong>Market</strong> Opportunities<br />

• Investment Landscape<br />

• Industry Analysis<br />

• Region-Wise <strong>Market</strong><br />

• <strong>Market</strong> Size & <strong>Share</strong><br />

Analysis<br />

• High <strong>Grow</strong>th Segments<br />

• <strong>Market</strong> Size & Forecast:<br />

• By Spectrum Type<br />

• By Application Area<br />

• By Power Consumption<br />

• By Region<br />

• Compound Annual <strong>Grow</strong>th<br />

Rate (CAGR)<br />

Augmented Reality And Virtual Reality <strong>Market</strong> Segmentation<br />

By Application<br />

Area<br />

• Greenhouses<br />

• Indoor Farms<br />

• Livestock<br />

Farming and<br />

Aquaculture<br />

• Research<br />

By Spectrum<br />

• Full PAR<br />

Spectrum<br />

• Partial Spectrum<br />

• Treatment<br />

Spectrum<br />

By Power<br />

Consumption<br />

• Low Power<br />

Consumption<br />

(< 300 watts)<br />

• High Power<br />

Consumption (>=<br />

300 watts)<br />

By Region<br />

• North America<br />

• Europe<br />

• Asia-pacific<br />

• Rest Of The<br />

World<br />

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Research Scope & BIS Methodology<br />

2. <strong>LED</strong> <strong>Grow</strong> <strong>Lights</strong> <strong>Market</strong> Research Methodology<br />

The research methodology design adopted for this specific study includes a combination of data collected from<br />

primary and secondary researches. Both the primary sources (in-house experts, industry leaders, market players, and<br />

independent consultants) and the secondary (a host of paid and unpaid databases) sources have been used along<br />

with analytical tools to build the forecast and predictive modes.<br />

Primary Data Sources<br />

The primary sources involve the industry experts from the <strong>LED</strong> grow lights market including the related associations<br />

and stakeholders across the industry. In the extensive primary research process undertaken for this study, the primary<br />

sources further include industry experts and key executives from the prominent companies and organizations in the<br />

<strong>LED</strong> grow lights sector. All such resources were interviewed to obtain and verify both the qualitative and the quantitative<br />

aspects of this research study.<br />

The key data points taken from primary sources include:<br />

• Validation and triangulation of all the numbers and graphs<br />

• Validation of report’s segment and key qualitative findings<br />

• Understanding the competitive landscape<br />

• Validation of several markets for the systems<br />

• Percentage split for countries<br />

Secondary Data Sources<br />

This research study involves the usage of extensive secondary sources, directories, company websites, annual reports<br />

and investor presentations. It also makes use of databases such as Hoovers, Bloomberg, Business-week, and Factiva to<br />

collect the useful information for an extensive, market-oriented, and commercial study of the regional market. Secondary<br />

research was done to obtain crucial information about the industry’s value chain, market’s monetary chain, total pool of<br />

key players, and the prevalent applications and systems in this sector.<br />

The key data points taken from primary sources include:<br />

• Segmentation breakups, split-ups, and percentage shares<br />

• Data for market size<br />

• Key industry trends of the top players of the market<br />

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Research Scope & BIS Methodology<br />

Figure 2: Data Triangulation<br />

The process of market engineering involves the calculation of the market statistics, market size estimation, market<br />

forecast, market crackdown, and data triangulation (the methodology for these quantitative data processes is explained<br />

in the further sections). An extensive primary research study was undertaken to gather information, and authenticate the<br />

critical numbers derived through the segmentation types, industry trends, and key players in the market.<br />

BIS Research Internal Repository<br />

• Key Players<br />

• Competitive Landscape<br />

• Opportunities/Challenges<br />

• <strong>Market</strong> Size and <strong>Market</strong> <strong>Share</strong> (2018-<strong>2024</strong>)<br />

• Macro-Economic Factors<br />

• <strong>Market</strong> Estimates<br />

• Regional Analysis<br />

Bis Research<br />

Internal Repository<br />

Primary Sources<br />

DATA<br />

TRIANGULATION<br />

Secondary Sources<br />

Primary Sources<br />

Secondary Sources<br />

• <strong>LED</strong> <strong>Grow</strong> Light Manufacturing Companies<br />

• <strong>LED</strong> Chip manufacturing Companies<br />

• Indoor <strong>Grow</strong>ers Associations<br />

• Lighting Associations<br />

• Research Organizations<br />

• SEC Filings<br />

• Investor Presentations<br />

• Journals<br />

• Press Releases<br />

• Paid & Unpaid Databases<br />

• IRENA<br />

• United States Department of Energy Reports<br />

• Research Articles<br />

REQUEST FOR SAMPLE<br />

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