LED, or light emitting diode, refers to an energy-efficient and cost-effective solution that offers a wide range of advantages over various conventional lighting options. LED lights are widely utilized for commercial, industrial, and residential purposes.
LED lights are gaining traction and high adoption rate over the period of past few years. One of the key reasons for this scenario is their ability to decrease overall electricity consumption and related greenhouse gas emissions. Apart from this, the product has longer lifespan. Thus, major population from major parts of the world is increasing the use of LED lights instead of traditional bulbs such as fluorescent and incandescent. The government bodies of many countries from all across the globe are promoting the use of energy-efficient devices. This factor is bringing sizable growth in demand for LED lights.
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Consumers can select from a wide range of colors of LED lights. For the production of LED lights, four types of semiconductor materials are used, namely, Gallium phosphide (GaP), Aluminum gallium indium phosphide (AlGaInP), Aluminum gallium arsenide (AlGaAs), and Indium gallium nitride (InGaN). The demand for LED lights is increasing in recent times owing to many factors such as increased infrastructural development activities, increased urbanization rates, and growing awareness regarding the greenhouse gas emissions.
LED Agricultural Grow Lights Market: Introduction
- Growing demand for urban farming has led to increased usage of LED agricultural grow lights. The grow lights are an artificial light source used to stimulate the growth of plants for indoor cultivation. The tree types of grow lights available in the market include fluorescent grow lights, LED grow lights, and high-pressure sodium grow lights. LED grow lights are more energy efficient than the other two types. These grow lights are also known as plant lights. Growth of vertical and indoor farming is expected to fuel the LED agricultural grow lights market across the globe.
Growth in Agricultural Industry Expected to Fuel the Global LED Agricultural Grow Lights Market
- Light emitting diode bulbs are energy saving alternatives to other light sources. These days, people are increasingly inclined toward vertical and indoor farming where the use of LED agricultural grow lights is growing considerably. Growth of urban farming is expected to lead to increased usage of LED grow lights. People are currently more focused on technology driven objects. Growing demand for fresh and nutritious vegetables has fueled the indoor farming sector which is expected to boost the LED agricultural grow lights market. The market is likely to expand significantly due to major growth of the agricultural industry.
Rising Usage in the Poultry Sector to Drive the LED Agricultural Grow Lights Market
- Lights plays a major role in production in poultry farming. Poultry farmers use the LED lights for better growth of the chicken. Chicken raised using LED grow lights are found to produce higher quality and quantity of eggs. Though LED grow lights are costlier, they offer better performance than other grow lights. Many urban farmers are seeking energy efficient lights for farming. This is likely to fuel the LED agricultural grow lights market globally.
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Asia Pacific to Lead the Global LED Agricultural Grow Lights Market
- In terms of region, the global LED agricultural grow lights market can be divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa.
- Europe includes country-level analysis for U.K., Germany, France, and Rest of Europe. North America includes Canada, U.S., and Rest of North America. The South America LED agricultural grow lights market is segmented into Brazil, and Rest of South America. Analysis and forecast of the LED agricultural grow lights market in Asia Pacific features India, China, Japan, and Rest of Asia Pacific. Middle East & Africa covers the LED agricultural grow lights market analysis for GCC countries, South Africa, and Rest of Middle East & Africa.
- The market in Asia Pacific is likely to witness the maximum demand for LED agricultural grow lights from 2019 to 2027 followed by North America.
- Leading manufacturers of LED agricultural grow lights have extensive distribution networks along with deep product penetration. Manufacturers are focusing on innovation in their product portfolio and manufacturing agricultural grow lights which can be used for longer duration with more innovations.
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Key Manufacturers Operating in the Market
The global LED agricultural grow lights market is highly fragmented. Key manufacturers operating in the global market are:
- General Electric Company
- Signify Holding
- Illumitex Inc
- Agrilight BV
- Lumileds Holding B.V
- LumiGrow Inc.
- Fluence By OSRAM
- Heliospectra AB
- Gavita International B.V.
- Hawthorne Gardening Company
- Valoya
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