LONDON--(BUSINESS WIRE)--Technavio has been monitoring the grow light market and it is poised to grow by USD 5.47 bn during 2020-2024, progressing at a CAGR of almost 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request the latest free sample report of 2020-2024
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing popularity of urban agriculture has been instrumental in driving the growth of the market.
Grow Light Market 2020-2024: Segmentation
Grow Light Market is segmented as below:
Product
- Hid Lights
- Led Lights
- Fluorescent Lights
- Others
Geographic Segmentation
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download the latest free sample of 2020-2024: https://www.technavio.com/talk-to-us?report=IRTNTR31831
Grow Light Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our grow light market report covers the following areas:
- Grow Light Market Size
- Grow Light Market Trends
- Grow Light Market Industry Analysis
This study identifies rising popularity of hydroponic farming systems as one of the prime reasons driving the grow light market growth during the next few years.
Grow Light Market 2020-2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the grow light market, including some of the vendors such as Gavita International BV, General Electric Co., Iwasaki Electric Co. Ltd., OSRAM Licht AG and Signify NV. Backed with competitive intelligence and benchmarking, our research reports on the grow light market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Grow Light Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist grow light market growth during the next five years
- Estimation of the grow light market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the grow light market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of grow light market vendors
Table of Content
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- HID lights - Market size and forecast 2019-2024
- LED lights - Market size and forecast 2019-2024
- Fluorescent lights - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Application of grow lights in plant disease detection and monitoring
- Rising popularity of hydroponic farming systems
- Rising prominence of IoT in grow light technology
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Gavita International BV
- General Electric Co.
- Iwasaki Electric Co. Ltd.
- OSRAM Licht AG
- Signify NV
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.