Grow Light Market by Application, Product and Geography-Forecast and Analysis 2023-2027

Published: Jun 2023

Pages: 169

SKU: IRTNTR74651

Snapshot

Grow Light Market Analysis Report 2023-2027:

The grow light market size is estimated to grow at a CAGR of 15.76% between 2022 and 2027. The market size is forecast to increase by USD 7,472.08 million. The growth of the market depends on several factors, including the growing popularity of urban agriculture, advances in LED lighting technology for horticultural applications and the need to improve the yield of crops and reduce crop wastage.

This grows light market report extensively covers market segmentation by application (commercial greenhouse, vertical farming, indoor farming, and research), product (hid, led lights, fluorescent lights, and others), and geography (Europe, North America, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Grow Light Market During the Forecast Period?

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Grow Light Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing popularity of urban agriculture is notably driving the market growth, although factors such as high ownership costs for grow lights impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Grow Light Market Driver

One of the key factors driving the global grow light market growth is the rising popularity of urban agriculture. There is an increasing trend of adoption of urban agriculture, such as vertical farming in countries such as the US, Canada, and the Netherlands which is a major factor driving the market growth.

Furthermore, in order to reduce the dependency on natural light sources, grow light solutions are being increasingly adopted in urban agriculture projects. Also, due to the rapid advancement in LED grow lights, farmers can replicate natural light wavelengths and colour components to ensure fertile plant development. Thus such factors are expected to drive the global glow light market growth during the forecast period.

Significant Grow Light Market Trends

A key factor shaping the global glow light market growth is the application of grow lights in plant disease detection and monitoring. There is an increase in investment in R&D and technology by vendors to expand the applications and functionalities of grow lighting solutions to various aspects of plant growth.

For instance, in July 2019, LumiGrow announced the launch of a product line of early disease detection sensors and services. Some of the key features of LumiGrow include the optimization of disease management processes, reduction of losses in terms of yield, and monitoring of treatment effectiveness related to plants. Also, grow lights are widely used in disease suppression. Thus, such trends are expected to drive the global glow light market growth during the forecast period.

Major Grow Light Market Challenge

High ownership costs for grow lights is one of the key challenges hindering the global glow light market growth. In comparison to traditional incandescent bulbs, the upfront cost associated with the setup and installation of grow light solutions for horticultural applications is considerably high. The challenges vary depending on the type of glow lights.

For instance, even though fluorescent grow lights such as fluorescent tubes and CFLs are cheaper when compared to other grow lights, the installation of fluorescent grow lights requires accessories such as ballasts and special stands, as these lights cannot be installed in conventional sockets. Similarly, End-users' installation of HPS grow lights may incur additional costs to the end-user due to the requirement of additional grow fans and blowers to manage the heat. Thus such challenges is expected to hinder the global glow light market growth during the forecast period.

Key Grow Light Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Grow Light Market Customer Landscape

Who are the Major Grow Light Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Agnetix: The company offers grow light solutions namely PHENOM Liquid-cooled, multi-sensor and imaging smart horticulture lighting systems for vertical farming.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market vendors, including:

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Grow Light Market?

The market share growth by the commercial greenhouse segment will be significant during the forecast period. A commercial greenhouse is a type of greenhouse which is used to grow crops that are sold for commercial consumption. Some of the main commercial greenhouses which are used for commercial consumption include LED lights and sodium lights.

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The commercial green house segment was valued at USD 1,225.42 million in 2017 and continued to grow until 2021. LED lights are very ideal for indoor growers, mainly those using vertical farming as emitting very little heat. These lights are easier to manage and are smaller in size, as they are manufactured as a single encapsulated light. On the other hand, HPS grow lights produce a huge amount of raw light. Due to the high intensity of HPS grows lights, it is very ideal for handling very big plants. There is a significant decline in demand for LED grow lights due to the switch from incandescent to fluorescent, HID halogen, and high-pressure sodium (HPS) in horticultural lighting. Hence, the rise in demand for agriculture for commercial production of greenhouse crops is expected to drive this segment which in turn will drive the global grow light market growth during the forecast period.

Growing concerns regarding food safety and pesticide use have spurred the adoption of innovative vertical farming practices. Vertical farms offer a means to reduce pesticide usage compared to traditional farming methods. This has created opportunities for farming organizations to expand their operations globally. For example, Spread Co., Ltd. announced in May 2021 that they have developed a technology for mass-producing pesticide-free, high-quality strawberries in vertical farms using artificial lighting in Japan. This technology incorporates environmental control, stable indoor pollination, and clean, pesticide-free cultivation. Such advancements in vertical farming technologies are expected to drive the growth of the global grow light market in the vertical farming segment during the forecast period. Vertical farms offer a means to reduce pesticide usage compared to traditional farming methods. This has created opportunities for farming organizations to expand their operations globally. For example, Spread Co., Ltd. announced in May 2021 that they have developed a technology for mass-producing pesticide-free, high-quality strawberries in vertical farms using artificial lighting in Japan. This technology incorporates environmental control, stable indoor pollination, and clean, pesticide-free cultivation. Such advancements in vertical farming technologies are expected to drive the growth of the global grow light market in the vertical farming segment during the forecast period.

Which are the Key Regions for the Grow Light Market?

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Europe is estimated to contribute 29% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.Due to the growing importance on food safety in Europe, there is a significant rise in the popularity of vertical farming techniques such as hydroponics and aeroponics in the region. Additionally, with the advancement in technology, there is an improvement in energy efficiency of LED grow lights and significant investments in large-scale commercial horticulture projects which are expected to aid the growth of the grow light market in Europe during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of global grow light market market witnessed a significant slowdown due to the disruptions in supply chain coupled with economic recession in North America. However, in 2021, the initiation of large-scale vaccination drives?has lifted the lockdown and travel restrictions, which led to the increasing interest in gardening at home, resulting in slow recovery of glow light market growth.Such factors are expected to drive the market during the forecast period.

Segment Overview

The grow light market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.

Application Outlook (USD Million, 2017 - 2027)
- Commercial green house
- Vertical farming
- Indoor farming
- Research
Product Outlook (USD Million, 2017 - 2027)
- HID
- LED lights
- Fluorescent lights
- Others
Geography Outlook (USD Million, 2017 - 2027)
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global grow light market as a part of the global electronic components market within the global electronic market. The global electronics market includes manufacturers of communications equipment, technology hardware storage and peripherals, electronic equipment and instruments, electronic components, consumer electronics, industrial electronics products, and electronic manufacturing services..Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Grow Light Market Scope
Report Coverage	Details
Page number	169
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 15.76%
Market growth 2023-2027	USD 7,472.08 million
Market structure	Fragmented
YoY growth 2022-2023(%)	15.48
Regional analysis	Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution	Europe at 29%
Key countries	US, China, Japan, The Netherlands, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Aerogrow International Inc., Agnetix, ams OSRAM AG, Black Dog Grow Technologies Inc., California LightWorks, Crecer Lighting, EconoLux Industries Ltd., Everlight Electronics Co. Ltd., General Electric Co., Heliospectra AB, Hubbell Inc., Hydrofarm LLC, Koninklijke Philips NV, Lemnis Oreon BV, Samsung Electronics Co. Ltd., Sanan Optoelectronics Co. Ltd., Signify NV, Thrive Agritech, ViparSpectra, and ALTO INDIA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Grow Light Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2027
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Growth of the market across Europe, North America, APAC, Middle East and Africa, and South America
Thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of market vendors

We can help! Our analysts can customize this market research report to meet your requirements.

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global grow light market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global grow light market 2017 - 2021 ($ million)

4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

4.3 Product Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application

6.3 Commercial green house - Market size and forecast 2022-2027
- Exhibit 34: Chart on Commercial green house - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Commercial green house - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Commercial green house - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Commercial green house - Year-over-year growth 2022-2027 (%)

6.4 Vertical farming - Market size and forecast 2022-2027
- Exhibit 38: Chart on Vertical farming - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Vertical farming - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Vertical farming - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Vertical farming - Year-over-year growth 2022-2027 (%)

6.5 Indoor farming - Market size and forecast 2022-2027
- Exhibit 42: Chart on Indoor farming - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Indoor farming - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Indoor farming - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Indoor farming - Year-over-year growth 2022-2027 (%)

6.6 Research - Market size and forecast 2022-2027
- Exhibit 46: Chart on Research - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Research - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Research - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Research - Year-over-year growth 2022-2027 (%)

6.7 Market opportunity by Application
- Exhibit 50: Market opportunity by Application ($ million)
- Exhibit 51: Data Table on Market opportunity by Application ($ million)

7 Market Segmentation by Product

7.1 Market segments
- Exhibit 52: Chart on Product - Market share 2022-2027 (%)
- Exhibit 53: Data Table on Product - Market share 2022-2027 (%)

7.2 Comparison by Product
- Exhibit 54: Chart on Comparison by Product
- Exhibit 55: Data Table on Comparison by Product

7.3 HID - Market size and forecast 2022-2027
- Exhibit 56: Chart on HID - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on HID - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on HID - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on HID - Year-over-year growth 2022-2027 (%)

7.4 LED lights - Market size and forecast 2022-2027
- Exhibit 60: Chart on LED lights - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Data Table on LED lights - Market size and forecast 2022-2027 ($ million)
- Exhibit 62: Chart on LED lights - Year-over-year growth 2022-2027 (%)
- Exhibit 63: Data Table on LED lights - Year-over-year growth 2022-2027 (%)

7.5 Fluorescent lights - Market size and forecast 2022-2027
- Exhibit 64: Chart on Fluorescent lights - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Data Table on Fluorescent lights - Market size and forecast 2022-2027 ($ million)
- Exhibit 66: Chart on Fluorescent lights - Year-over-year growth 2022-2027 (%)
- Exhibit 67: Data Table on Fluorescent lights - Year-over-year growth 2022-2027 (%)

7.6 Others - Market size and forecast 2022-2027
- Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)

7.7 Market opportunity by Product
- Exhibit 72: Market opportunity by Product ($ million)
- Exhibit 73: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 75: Chart on Market share by geography 2022-2027 (%)
- Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison
- Exhibit 77: Chart on Geographic comparison
- Exhibit 78: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2022-2027
- Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.4 North America - Market size and forecast 2022-2027
- Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.5 APAC - Market size and forecast 2022-2027
- Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.7 South America - Market size and forecast 2022-2027
- Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027
- Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 The Netherlands - Market size and forecast 2022-2027
- Exhibit 103: Chart on The Netherlands - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on The Netherlands - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on The Netherlands - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on The Netherlands - Year-over-year growth 2022-2027 (%)

9.10 Germany - Market size and forecast 2022-2027
- Exhibit 107: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2022-2027 (%)

9.11 China - Market size and forecast 2022-2027
- Exhibit 111: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 112: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 113: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 114: Data Table on China - Year-over-year growth 2022-2027 (%)

9.12 Japan - Market size and forecast 2022-2027
- Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography
- Exhibit 119: Market opportunity by geography ($ million)
- Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 121: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 123: Overview on factors of disruption

11.4 Industry risks
- Exhibit 124: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 125: Vendors covered

12.2 Market positioning of vendors
- Exhibit 126: Matrix on vendor position and classification

12.3 Aerogrow International Inc.
- Exhibit 127: Aerogrow International Inc. - Overview
- Exhibit 128: Aerogrow International Inc. - Product / Service
- Exhibit 129: Aerogrow International Inc. - Key offerings

12.4 Agnetix
- Exhibit 130: Agnetix - Overview
- Exhibit 131: Agnetix - Product / Service
- Exhibit 132: Agnetix - Key offerings

12.5 ams OSRAM AG
- Exhibit 133: ams OSRAM AG - Overview
- Exhibit 134: ams OSRAM AG - Business segments
- Exhibit 135: ams OSRAM AG - Key offerings
- Exhibit 136: ams OSRAM AG - Segment focus

12.6 California LightWorks
- Exhibit 137: California LightWorks - Overview
- Exhibit 138: California LightWorks - Product / Service
- Exhibit 139: California LightWorks - Key offerings

12.7 Crecer Lighting
- Exhibit 140: Crecer Lighting - Overview
- Exhibit 141: Crecer Lighting - Product / Service
- Exhibit 142: Crecer Lighting - Key offerings

12.8 Everlight Electronics Co. Ltd.
- Exhibit 143: Everlight Electronics Co. Ltd. - Overview
- Exhibit 144: Everlight Electronics Co. Ltd. - Business segments
- Exhibit 145: Everlight Electronics Co. Ltd. - Key offerings
- Exhibit 146: Everlight Electronics Co. Ltd. - Segment focus

12.9 General Electric Co.
- Exhibit 147: General Electric Co. - Overview
- Exhibit 148: General Electric Co. - Business segments
- Exhibit 149: General Electric Co. - Key news
- Exhibit 150: General Electric Co. - Key offerings
- Exhibit 151: General Electric Co. - Segment focus

12.10 Heliospectra AB
- Exhibit 152: Heliospectra AB - Overview
- Exhibit 153: Heliospectra AB - Product / Service
- Exhibit 154: Heliospectra AB - Key offerings

12.11 Hydrofarm LLC
- Exhibit 155: Hydrofarm LLC - Overview
- Exhibit 156: Hydrofarm LLC - Product / Service
- Exhibit 157: Hydrofarm LLC - Key offerings

12.12 Koninklijke Philips NV
- Exhibit 158: Koninklijke Philips NV - Overview
- Exhibit 159: Koninklijke Philips NV - Business segments
- Exhibit 160: Koninklijke Philips NV - Key news
- Exhibit 161: Koninklijke Philips NV - Key offerings
- Exhibit 162: Koninklijke Philips NV - Segment focus

12.13 Lemnis Oreon BV
- Exhibit 163: Lemnis Oreon BV - Overview
- Exhibit 164: Lemnis Oreon BV - Product / Service
- Exhibit 165: Lemnis Oreon BV - Key offerings

12.14 Sanan Optoelectronics Co. Ltd.
- Exhibit 166: Sanan Optoelectronics Co. Ltd. - Overview
- Exhibit 167: Sanan Optoelectronics Co. Ltd. - Product / Service
- Exhibit 168: Sanan Optoelectronics Co. Ltd. - Key offerings

12.15 Signify NV
- Exhibit 169: Signify NV - Overview
- Exhibit 170: Signify NV - Business segments
- Exhibit 171: Signify NV - Key news
- Exhibit 172: Signify NV - Key offerings
- Exhibit 173: Signify NV - Segment focus

12.16 Thrive Agritech
- Exhibit 174: Thrive Agritech - Overview
- Exhibit 175: Thrive Agritech - Product / Service
- Exhibit 176: Thrive Agritech - Key offerings

12.17 ViparSpectra
- Exhibit 177: ViparSpectra - Overview
- Exhibit 178: ViparSpectra - Product / Service
- Exhibit 179: ViparSpectra - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 180: Inclusions checklist
- Exhibit 181: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 182: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 183: Research methodology
- Exhibit 184: Validation techniques employed for market sizing
- Exhibit 185: Information sources

13.5 List of abbreviations
- Exhibit 186: List of abbreviations

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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