LED Grow Lights Market- Actionable Research on COVID-19 |Technavio

Growth in Indoor Farming will drive the market growth during the forecast period

Technavio has announced its latest market research report titled Global Light-emitting Diode (LED) Grow Lights Market 2020-2024 (Graphic: Business Wire)

LONDON--()--The LED grow lights market is expected to register a CAGR of over 25% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on LED grow lights market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Information Technology industry is anticipated to have Mixed impact. The LED grow lights market will showcase Negative impact during 2020-2024.

LED grow lights Market 2020-2024: Segmentation

LED grow lights Market is segmented as below:

  • Application
    • Commercial Greenhouses
    • Vertical Farming
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

Europe was the largest market for LED grow lights in 2019 and the region will offer several growth opportunities to market vendors during the forecast period. The harsh winters and insufficient sunlight in various parts of Europe have created the need for LED grow lights for indoor farming. Many start-ups such as Agricool carry out container farming, which involves the use of LED grow lights. These factors are contributing to the growth of the LED grow lights market size in Europe.

The Information Technology market is anticipated to have Direct impact and the LED grow lights market demand will show At Par growth. View market snapshot before purchasing

Use of artificial intelligence in LED grow lights has been an instrumental factor in influencing the growth of LED grow lights market. Other market drivers include growth in indoor farming. Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, base case and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID 19 market estimates
  • Quarterly impact analysis as the spread reaches a global level and updates on market estimates

Get more insights about the global trends impacting the future of LED grow lights market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR40110

LED grow lights Market 2020-2024: Vendor Analysis

The market is highly fragmented, and the degree of fragmentation will accelerate during the forecast period. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. Major market participants include Advanced LED grow lights, Cree Inc., General Electric Co., GNUK Ltd., Heliospectra AB, Illumitex Inc., LumiGrow Inc., OSRAM Licht AG, Senmatic AS, and Signify NV.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • Preface
  • Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
  • Value chain analysis

PART 04: MARKET SIZING

  • Market definition
  • Market size
  • Market sizing 2019
  • Market outlook
  • 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 APPLICATION

  • Market segmentation by application
  • Comparison by application
  • Commercial greenhouses - Market size and forecast 2019-2024
  • Vertical farming - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by application

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
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 10: MARKET TRENDS

  • Growing strategic alliances with end-users
  • Use of LED grow lights in suppression of plant diseases
  • Use of artificial intelligence in LED grow lights

PART 11: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 12: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Advanced LED grow lights
  • Cree Inc.
  • General Electric Co.
  • GNUK Ltd.
  • Heliospectra AB
  • Illumitex Inc.
  • LumiGrow Inc.
  • OSRAM Licht AG
  • Senmatic AS
  • Signify NV

PART 13: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 14: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Light-emitting Diode (LED) Grow Lights Market will grow by USD 3.53 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/