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- North America Grow Lights Market – Size, Trends and Forecast (2024 – 2032)
To balance the pollution and to compensate hazards like global warming the vertical and rooftop farming is in the current trends, and this paved the way for the growth of the grow lights which are replacing all the older patterns. Grow lights are the LED’s which are used because of higher efficiency and low dissipation. Increasing population in the cities is a significant advantage which boosting up this markets.
North America Grow Lights Market Share & Growth:
North America Revenue of Grow lights market is valued at 2.93 Billion in 2018 and estimated to reach a value of 4.01 Billion in 2024 at CAGR of 15.89%. Critical parameters that promote North America grow lights markets are food security gaining importance in global arena and awareness about vertical farming, producing LED’s with higher efficiency and lower dissipation and factors like grow lights are costly when compared to LED’s and varying in wattage of grow light LED’s used for different purposes are hampering the growth of the grow lights market.
North America Grow Lights Market Share:
North America grow lights market is segmented by technology, by installation, by application, by spectrum, by geography. By technology increase lights market is classified as induction lights, high-intensity discharge (HID) lights, light emitting plasma grow lights (LEPs), fluorescent lights, light emitting diodes (LEDs). By installation, these are segmented as a new installation, retrofit installation. By application, these are segmented as TURF and Landscaping, indoor farming, commercial greenhouse, vertical farming, research. By spectrum, these are segmented by partial spectrum, full range. By geography, they are segmented as the United States, Canada, and Mexico.
North America Grow Lights Market Trends:
- There is a rapid increase in markets of the grow lights. Launching the vertical and rooftop farming have paved the way for the rapid growth and rise in the markets of grow lights and made them have a broader outlook.
- Grow Lights is having different applications in various domains. Some of the products like LX 60 grow lights with good efficiency are manufactured by heliospectra.
- Alkanna LED which is launched with grow by number technique manufactured by Novagant Technologies is in the current trends.
North America Grow Lights Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and North America diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Philips Electronics
- Force Field Energy Inc.
- CREE
- Novagant
- Valoya
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers
4.1.1 Food Security gaining importance and awareness about vertical farming
4.1.2 LED’s with higher efficiency and lower dissipation
4.2 Restraints
4.2.1 Grow lights are costly compared to LED’s
4.2.2 Varying in wattage of grow light LED’s used for different purposes
4.3 Opportunities
4.3.1 Increasing the growth of vertical farming and rooftop farming
4.3.2 Making rural people aware of the vertical farming
4.4 Challenges
4.4.1 Increase in the grow lights adoption in rural areas
5. North America Grow Lights Market- By Technology
5.1 Induction Lights
5.2 High-Intensity Discharge (HID) Lights
5.2.1 High-Pressure Sodium (HPS)
5.2.2 Ceramic Metal Halide (CMH, CDM, LEC)
5.2.3 Metal Halide (MH)
5.2.4 Switchable Ballasts
5.2.5 Conversion Bulbs
5.2.6 Combination MH and HPS (Dual arc)
5.2.7 Others
5.3 Light Emitting Plasma Grow lights (LEPs)
5.4 Fluorescent Lights
5.4.1 Tube-Style Fluorescent Lights
5.4.2 Compact Fluorescent Lights (CFLs)
5.5 Light Emitting Diodes (LEDs)
5.6 Others
6. North America Grow Lights Market- By Installation
6.1 New Installation
6.2 Retrofit Installation
7. North America Grow Lights Market – By Application
7.1 TURF and Landscaping
7.2 Indoor Farming
7.3 Commercial Greenhouse
7.4 Vertical Farming
7.5 Research
8. North America Grow Lights Market- By Spectrum
8.1 Partial Spectrum
8.2 Full Spectrum
9. North America Grow Lights Market – By Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
10. Company Profile
10.1 Philips Electronics
10.2 Force Field Energy Inc.
10.3 CREE
10.4 Novagant
10.5 Valoya
10.6 Heliospectra
10.7 General Electric Company
10.8 Hydrofarm
10.9 OSRAM Light AG
10.10 Illumitex Inc.
11. North America Grow Lights Market – Competitive Landscape
11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
11.2 Strategies Adopted By Top Companies
11.3 Market Share Analysis
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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To balance the pollution and to compensate hazards like global warming the vertical and rooftop farming is in the current trends, and this paved the way for the growth of the grow lights which are replacing all the older patterns. Grow lights are the LED’s which are used because of higher efficiency and low dissipation. Increasing population in the cities is a significant advantage which boosting up this markets.
North America Grow Lights Market Share & Growth:
North America Revenue of Grow lights market is valued at 2.93 Billion in 2018 and estimated to reach a value of 4.01 Billion in 2024 at CAGR of 15.89%. Critical parameters that promote North America grow lights markets are food security gaining importance in global arena and awareness about vertical farming, producing LED’s with higher efficiency and lower dissipation and factors like grow lights are costly when compared to LED’s and varying in wattage of grow light LED’s used for different purposes are hampering the growth of the grow lights market.
North America Grow Lights Market Share:
North America grow lights market is segmented by technology, by installation, by application, by spectrum, by geography. By technology increase lights market is classified as induction lights, high-intensity discharge (HID) lights, light emitting plasma grow lights (LEPs), fluorescent lights, light emitting diodes (LEDs). By installation, these are segmented as a new installation, retrofit installation. By application, these are segmented as TURF and Landscaping, indoor farming, commercial greenhouse, vertical farming, research. By spectrum, these are segmented by partial spectrum, full range. By geography, they are segmented as the United States, Canada, and Mexico.
North America Grow Lights Market Trends:
- There is a rapid increase in markets of the grow lights. Launching the vertical and rooftop farming have paved the way for the rapid growth and rise in the markets of grow lights and made them have a broader outlook.
- Grow Lights is having different applications in various domains. Some of the products like LX 60 grow lights with good efficiency are manufactured by heliospectra.
- Alkanna LED which is launched with grow by number technique manufactured by Novagant Technologies is in the current trends.
North America Grow Lights Market Research Reports Includes:
- An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
- To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
- Regional and North America diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
- Identifying DROC in the current market and their impact in altering the market dynamics.
- Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
- Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
- Identify the latest developments, market shares and strategies that are employed by the major market players, such as
- Philips Electronics
- Force Field Energy Inc.
- CREE
- Novagant
- Valoya
1. Introduction
1.1 Executive Summary
1.2 Market Definition
1.3 Scope of the Study
2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Analytic Tools and Model
2.4 Economic Indicator
2.4.1 Base Year, Base Currency, Forecasting Period
2.5 Expert Validation
2.6 Study Timeline
3. Market Analysis
3.1 Industry Value Chain Analysis
3.2 Porter’s Five Analysis
3.2.1 Bargaining Power of Buyers
3.2.2 Bargaining Power of Suppliers
3.2.3 Threats of Substitutes
3.2.4 Threats of New Entrants
3.2.5 Industry Rivalry
3.3 Pestle Analysis
3.3.1 Political
3.3.2 Economical
3.3.3 Social
3.3.4 Technological
3.3.5 Legal
3.3.6 Environmental
3.4 SWOT Analysis
3.4.1 Strengths
3.4.2 Weakness
3.4.3 Opportunities
3.4.4 Threats
3.5 Y-O-Y Analyses
4. Market Dynamics
4.1 Drivers
4.1.1 Food Security gaining importance and awareness about vertical farming
4.1.2 LED’s with higher efficiency and lower dissipation
4.2 Restraints
4.2.1 Grow lights are costly compared to LED’s
4.2.2 Varying in wattage of grow light LED’s used for different purposes
4.3 Opportunities
4.3.1 Increasing the growth of vertical farming and rooftop farming
4.3.2 Making rural people aware of the vertical farming
4.4 Challenges
4.4.1 Increase in the grow lights adoption in rural areas
5. North America Grow Lights Market- By Technology
5.1 Induction Lights
5.2 High-Intensity Discharge (HID) Lights
5.2.1 High-Pressure Sodium (HPS)
5.2.2 Ceramic Metal Halide (CMH, CDM, LEC)
5.2.3 Metal Halide (MH)
5.2.4 Switchable Ballasts
5.2.5 Conversion Bulbs
5.2.6 Combination MH and HPS (Dual arc)
5.2.7 Others
5.3 Light Emitting Plasma Grow lights (LEPs)
5.4 Fluorescent Lights
5.4.1 Tube-Style Fluorescent Lights
5.4.2 Compact Fluorescent Lights (CFLs)
5.5 Light Emitting Diodes (LEDs)
5.6 Others
6. North America Grow Lights Market- By Installation
6.1 New Installation
6.2 Retrofit Installation
7. North America Grow Lights Market – By Application
7.1 TURF and Landscaping
7.2 Indoor Farming
7.3 Commercial Greenhouse
7.4 Vertical Farming
7.5 Research
8. North America Grow Lights Market- By Spectrum
8.1 Partial Spectrum
8.2 Full Spectrum
9. North America Grow Lights Market – By Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
10. Company Profile
10.1 Philips Electronics
10.2 Force Field Energy Inc.
10.3 CREE
10.4 Novagant
10.5 Valoya
10.6 Heliospectra
10.7 General Electric Company
10.8 Hydrofarm
10.9 OSRAM Light AG
10.10 Illumitex Inc.
11. North America Grow Lights Market – Competitive Landscape
11.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
11.2 Strategies Adopted By Top Companies
11.3 Market Share Analysis
12. Market Insights
12.1 Insights of Industry Experts
12.2 Investment Opportunities
12.3 Analyst Opinion
13. Appendix
13.1 List of Tables
13.2 List of Figures
- Competitive Analysis in marketing and strategic management is an assessment of the strengths and weaknesses of current and potential competitors.
- Monitoring the external and internal factors which affect the market dynamics with the aid of PESTLE analysis.
- The Regional and Global Variety is taken care of in the report.
- Year on Year basis generation of revenue is studied.
- Porter's Five Forces analyze the intensity of competition in an industry and its profitability level.
- The overview and the sustainability of the market are analyzed through SWOT.
- DROC (Drivers, Restraints, Opportunities and Challenges) is recognized in the current market scenario and see how its effect on market dynamics.
- The segment-level analysis in terms of type and technology.
- The value chain analysis, value that's created and captured by a company is the profit margin.
- Value Created and Captured – Cost of Creating that Value = Margin
- An executive summary consists of the whole report and the outcome is been given in the report to have brief knowledge about the report.
- Basis on the depth of the study we approach using analytical tools
- Expertise investment opportunities are given after analyzing the market to give the organization and the individual to have perfect knowledge about the market.
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