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Grow Lights Market Competitive Analysis and Forecasts till 2021

Grow Lights

Global Grow Lights Market Research Report 2017 to 2021 provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets and materials, capacities and technologies, and on the changing structure of the Grow Lights Market.

Companies Mentioned are Philips Lighting Holding, GENERAL ELECTRIC, OSRAM Licht, Gavita International, LumiGrow, Heliospectra, SolarMAX, PARsource, Transcend Lighting, EYE HORTILUX, Twilight Group, Lemnis Oreon, and Kessil.

The global Grow Lights market consists of different international, regional, and local vendors. The market competition is foreseen to grow higher with the rise in technological innovation and M&A activities in the future. Moreover, many local and regional vendors are offering specific application products for varied end-users. The new vendor entrants in the market are finding it hard to compete with the international vendors based on quality, reliability, and innovations in technology.

Major points covered in Global Grow Lights Market 2017 Research are:-

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global Grow Lights market?
  • What are the key market trends impacting the growth of the global Grow Lights market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global Grow Lights market?
  • What are the market opportunities and threats faced by the vendors in the global Grow Lights market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global Grow Lights market?

This independent 86 page report guarantees you will remain better informed than your competition. With over 160 tables and figures examining the Grow Lights market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2021.

Inquire for Sample copy at: https://www.marketinsightsreports.com/reports/08112344/global-grow-lights-market-2017-to-2021/inquiry

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Grow Lights in these regions, from 2012 to 2021 (forecast), covering Americas, APAC and EMEA.

The report provides a basic overview of the Grow Lights industry including definitions, classifications, applications and industry chain structure. And development policies and plans are discussed as well as manufacturing processes and cost structures.

Then, the report focuses on global major leading industry players with information such as company profiles, product picture and specifications, sales, market share and contact information. What’s more, the Grow Lights industry development trends and marketing channels are analyzed.

MIR Announces the Publication of its Research Report – Global Grow Lights Market 2017-2021

MIR recognizes the following companies as the key players in the global grow lights market: Philips Lighting Holding, GENERAL ELECTRIC, OSRAM Licht, Gavita International, and LumiGrow.

Other Prominent Vendors in the market are: Heliospectra, SolarMAX, PARsource, Transcend Lighting, EYE HORTILUX, Twilight Group, Lemnis Oreon, and Kessil.

Commenting on the report, an analyst from MIR’s team said: “The latest trend gaining momentum in the market is Advent of urban farming. Growing fruits and vegetables in and around home and garden spaces is a global booming trend. Several companies are coming up with hanging bags, pull out drawers with grow lights attached to them, or even racks attached with grow lights that enable farming in the kitchen area. Advances in urban farming have led companies such as Grove Labs to pilot hydroponic fridges designed to grow vegetables at homes or small commercial kitchens.”

According to the report, one of the major drivers for this market is Rise in indoor farming practices. The importance of building a secure and consistent food supply facility is becoming increasingly important with the expansion of the global population. This is because the amount of arable land and water to support traditional agriculture practices is dwindling. Traditional agricultural practices are tied to locations that possess sufficient land and water. The need for indoor farming is further increasing. This is because this practice is decoupled from such needs, leading it to be closer to the point of end consumption. Some of the diverse types of indoor agriculture facilities include an aeroponic greenhouse, indoor vertical farm, aquaponic greenhouse, soil-based greenhouse, container farm, in home systems, and hydroponic greenhouses. Thus, with the advent of distinct types of indoor facilities along with growing population and urbanization, farmers are coming up with indoor facilities closer to urbanized areas to enable local, stable, and sustainable year-round food supply.

Further, the report states that one of the major factors hindering the growth of this market is Drawbacks associated with grow lights. Grow lights are being widely used due to the rapid expansion of indoor farming practices all over the globe. Indoor farming facilities cannot be run without the use of these lights. These lights are currently used even in households to help consumers cultivate their own food. Thus, the need for grow lights is expected to increase at an exponential rate in the future. However, they still do pose a few challenges. For instance, the light emanating from grow lights is focused on small areas. The high purchasing cost of these lights, particularly LED lights is another challenge that growers face.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The research includes historic data from 2012 to 2016 and forecasts until 2021 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Grow Lights on the basis of stating current situation of the industry in 2017 so as to make comprehensive organization and judgment on the competition situation and development trend of Grow Lights Market and assist manufacturers and investment organization to better grasp the development course of Grow Lights Market.

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