LED Grow Lights market to register a y-o-y growth rate of 14.3% through 2025

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Global LED Grow Lights market valuation was estimated at 1077.7 Million USD in 2019, and is projected to record a y-o-y growth rate of 14.3 % over the upcoming years to be appraised at 1836.8 Million USD by 2025.

LED Grow Lights Market

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The latest report on LED Grow Lights market meticulously analyses crucial aspects including key trends and growth drivers, assisting the businesses, marketers, and stakeholders better understand this domain. Besides, it suggests methods to effectively manage the existing as well as upcoming challenges in this business sphere. Further, the document highlights the consumption and production aspects to project market performance over the assessment period.

LED Grow Lights Market Report Coverage
Report Covrage Details
Base Year: 2019
Market Size in 2019: 1077.7 Million (USD)
Forecast Year: 2025
Forecast Value: 1836.8 Million (USD)
CAGR: 14.3%
By Application: Commercial Greenhouses, Indoor Grow Facilities, Research Applications, etc.
By Product: High Power (?300W), Low Power (?300W), etc.
By Key Players: Philips, Kind LED Grow Lights, Easy Agricultural, Osram, Lumigrow, General Electric, Spectrum King Grow Lights, Fionia Lighting, Illumitex, California LightWorks, Cidly, Ohmax Optoelectronic, Valoya, Heliospectra AB, Kessil, Weshine, Zhicheng, LEDHYDROPONICS, Apollo Horticulture, etc.

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The latest LED Grow Lights market report aims to unearth the best opportunities and foster efficient information for businesses to thrive in this vertical during the forecast period 2019-2025. Moreover, it endeavors to provide appropriate solutions to complex challenges and initiates an effortless decision-making process.

As per expert analysts, the industry is anticipated to accrue substantial returns, exhibiting 14.3% CAGR over the stipulated timeframe.

Proceeding further, the research literature encompasses wide-ranging and comprehensive insights on the various sub-markets. It then proceeds to delineate the competitive landscape with respect to the leading players, emerging contenders, and new entrants in the industry. Apart from this, in view of the disruptions caused by the Covid-19 pandemic, the study makes inclusion of various plans to effectively navigate these uncertain times.

Key highlights from the LED Grow Lights market report:

  • Impact of Covid-19 on market remuneration scope
  • Records of the sales volume and revenue
  • Prevalent and upcoming industry trends
  • Positives and negatives of direct and indirect sales channels
  • A citation of the top distributors, traders, and dealers

LED Grow Lights market segments covered in the report:

  • Country-wise analysis of each regional market
  • Total sales, returns, and market share held by each region
  • Projections for the growth rate and revenue of each region over the forecast duration

Product types: High Power (?300W), Low Power (?300W), etc.

  • Pricing of each product type
  • Estimated market share of each product segment based on the sales and revenue garnered

Application spectrum: Commercial Greenhouses, Indoor Grow Facilities, Research Applications, etc.

  • Product pricing based on their application reach
  • Sales and revenue of each application segment over during the assessment period

Competitive dashboard: Philips, Kind LED Grow Lights, Easy Agricultural, Osram, Lumigrow, General Electric, Spectrum King Grow Lights, Fionia Lighting, Illumitex, California LightWorks, Cidly, Ohmax Optoelectronic, Valoya, Heliospectra AB, Kessil, Weshine, Zhicheng, LEDHYDROPONICS, Apollo Horticulture, etc.

  • Basic details of each company.
  • Product and service catalogue of the listed companies
  • Tallies of pricing model, sales, gross margins and industry share of each contender
  • SWOT analysis of the mentioned firms
  • Conclusive data on the commercialization rate, market concentration ratio, marketing strategies, and other business centric aspects

Frequently Asked Questions (FAQ) :

Expected CAGR that LED Grow Lights market is estimated to attain is 11.5 % over 2019-2025.
The overall LED Grow Lights industry is anticipated to acquire a revenue share of 1699.8 Million USD by the end of 2025.
LED Grow Lights market was Valued at 1099.2 Million USD in 2019.

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