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Global LED Lighting Market for Horticulture Application 2016-2020

  • Published: Oct 2016
  • Pages: 69
  • SKU: IRTNTR10673
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The global LED lighting market report for horticulture application offers an up-to-date analysis of the market concerning the current market scenario, latest trends and drivers, and the overall global environment. This report provides an analysis of the market by application (commercial greenhouse, indoor and vertical farming, and R&D) and by geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including Cree, Fluence Bioengineering, Heliospectra, Hubbell Lighting, illumitex, Kessil Lighting, Lemnis Oreon, LumiGrow, OSRAM SYLVANIA, and Smart Grow Technologies.

The infographic below contains key findings from our analysis of the LED lighting market for horticulture application

 

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See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.   

Overview of the global LED lighting market for horticulture application

The global LED lighting market research for horticulture application predicts the market to grow steadily during the next four years and post an impressive CAGR of more than 22% by 2020. The high electricity consumption and increasing power prices is one of the primary global LED lighting market drivers. Rapid industrialization, the rise in population, and increased energy consumption result in increasing the demand for electricity across the globe. Also, the rise in raw materials used by power generation and distribution companies induces utility companies to increase electricity prices. This increase in energy costs and consumption will induce both the governments and consumers across the globe to reduce the consumption of electricity and focus more on adopting power saving technologies.  Since the use of LED technology allows the effective use of lighting controls, which increases the potential for power saving, there will be an exponential increase in the demand for LED lights for horticulture lighting, especially by marijuana growers.

With global warming and the rapid depletion of non-renewable power resources becoming a major concern, several countries across the globe will increasingly focus on energy efficiency. This will induce governments to introduce policies that ban the use of incandescent light bulbs with low power efficiency. The Australian Federal Government has already banned the sales of incandescent light bulbs and the European Union introduced legislations that ban the use of halogen lamps. The US, Russia, Brazil, China, and South Korea are some of the other countries that have already passed legislations that prevent the use of inefficient lighting sources.

Competitive landscape and key vendors

Though the market offers significant growth opportunities, there are no players who account for major market shares. The market has several small and regional horticulture LED lights suppliers who have captured significant positions in their respective regions. The vendor competition in the market is moderate. LED grow lights vendors are currently concentrating on increasing the awareness about the use of lighting systems in the horticulture sector and are collaborating with local horticulturists to provide knowledge about the hardware and software requirements.

According to the global LED lighting market analysis, the leading vendors in the market are -

  • Cree
  • Fluence Bioengineering
  • Heliospectra
  • Hubbell Lighting
  • Illumitex
  • Kessil Lighting
  • Lemnis Oreon
  • LumiGrow
  • OSRAM SYLVANIA
  • Smart Grow Technologies

 

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Segmentation by application and analysis of the LED lighting market for horticulture application

  • Commercial greenhouse
  • Indoor and vertical farming
  • R&D

According to this global LED lighting market forecast, the commercial greenhouse segment dominated the market during 2015. The shift in focus of farmers across the globe toward greenhouse cultivation due to benefits such as high production rate will drive the demand for energy-efficient LED lighting, in turn, propelling market growth. 

Geographical segmentation and analysis of the LED lighting market for horticulture application

  • Americas
  • APAC
  • EMEA

This global LED lighting market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the LED lighting market for horticulture application throughout the forecast period. The increasing demand for high nutrition processed and non-processed foods, that will drive the construction of commercial greenhouse facilities that can produce high nutrition fruits and vegetables throughout the year, will also fuel market growth in this region.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global LED lighting market for horticulture application?
  • What are the key market trends impacting the growth of the global LED lighting market for horticulture application?
  • What are the challenges to market growth?
  • Who are the key vendors in the global LED lighting market for horticulture application?
  • What are the market opportunities and threats faced by the vendors in the global LED lighting market for horticulture application?
  • 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 LED lighting market for horticulture application?

 

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Table of Content

 PART 01: Executive summary

  • Key findings
  • Key recommendations

PART 02: Scope of the report

  • Base year
  • Market coverage
  • Market size calculation
  • Geographical segmentation
  • Vendor segmentation
  • Common currency conversion rates

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Technology landscape

  • Comparison of LEDs, incandescent bulbs, and CFLs
  • Cost benefit analysis for LEDs and incandescent bulbs

PART 06: Market landscape

  • Market overview

PART 07: Market size and forecast

  • Market size and forecast
  • Why horticulture sector needs LEDs

PART 08: Market analysis

  • Market analysis
  • Five forces analysis

PART 09: Application segmentation

  • Market overview
  • Market analysis

PART 10: Geographical segmentation

  • Market overview
  • Market analysis

PART 11: Market drivers

  • Growing legal marijuana market
  • Unfavorable weather and climatic conditions
  • High electricity consumption and increasing power prices
  • Growing demand for floriculture
  • Government subsidies for horticulture sector
  • Increase in global per capita income

PART 12: Impact of drivers

PART 13: Market challenges

  • Insufficient horticulture infrastructure
  • High cost of horticulture farm construction
  • Threat from alternative technologies

PART 14: Impact of drivers and challenges

PART 15: Market trends

  • Focus on development of innovative products
  • Declining manufacturing cost of LED
  • Growing partnerships among value chain members
  • Ban on inefficient lighting solutions
  • Increase in urbanization

PART 16: Vendor landscape

  • Competitive scenario
  • Cree
  • Fluence Bioengineering
  • Heliospectra
  • Hubbell Lighting
  • illumitex
  • Kessil Lighting
  • Lemnis Oreon
  • LumiGrow
  • OSRAM SYLVANIA
  • Smart Grow Technologies

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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