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LED Agricultural Grow Lights Market Size 2021 Industry Recent Developments and Latest Technology, Size, Trends, Global Growth, Supply Demand Scenario, and Forecast Research Report 2028: Report by Reports and Insights

The report is titled as ‘LED Agricultural Grow Lights Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the LED agricultural grow lights market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The LED agricultural grow lights market is expected to grow at a significant rate in the near future.

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LED Agricultural Grow Lights Introduction

The employment of artificial light for plant growth and development purposes has been known for more than a century. Although a short while ago, the agrarian lighting systems were entirely rooted on the conventional agriculture industry and thus not particularly designed and developed for plant growth applications. Especially, just over the past few decades, innovative illuminating technologies, such as high-pressure sodium (HPS), fluorescent (FL), incandescent (INC) and metal halide (MH) lamps have begun to be implemented for plant research and cultivation.

Light is considered as the most essential source of energy for photosynthesis; this is why the lighting environment surrounding plant awning can distinctly impact plant outgrowth and development. However, all the artificial lightings comprising fluorescent and incandescent are likely to put forward several different drawbacks, as they are not spectrally excellent for crops nor strenuously proficient, and even more, they release a massive amount of beaming heat. As a consequence, the last in line light emitting diodes (LEDs) have gracefully superseded the traditional lighting technologies in most of the indoor and secured environments.

Basically, a LED agricultural grow light can be comprehended as an artificial light source, majorly intended to galvanize the plant growth by releasing light appropriate for photosynthesis. The LED agricultural grow lights usually consist of light-emitting diodes, with in-built fans and a heat sink. This eventually resulted in tremendous and swift technological evolution in the agricultural lighting industry.

LED Agricultural Grow Lights Market Dynamics

Light emitting diodes (LEDs) assure substantial maintenance and energy cost savings for greenhouses employing ancillary lighting. LED is a kind of semiconductor diode which enables the regulation of spectral structure and the acclimatization of light intensity to be equalized to the plant photoreceptors with a view to provide improved growth and to impact plant composition as well as various physiological processes such as photosynthetic and flowering efficacy. Owing to which, the global LED agricultural grow lights market is expected to hike substantially in the years to come.

In addition to that, the LED grow lights are much more powerful and efficient in comparison to the former high-pressure sodium and metal halide grow lights as they emit less heat as well as downsize the electricity bill, attributing to which it is gaining huge momentum in the global markets. Therefore, the global LED agricultural grow lights market is estimated to escalate rapidly over the coming years.

Other than that, the LED agricultural grow lights have remarkably transcended all the traditional lighting technologies in the context of lifespan, energy efficiency, compliance, as well as colour quality, and, on the grounds of rising cost competitiveness, LED grow lights are broadly employed in applications such as indoor farms, vertical farms, and greenhouses.

Owing to the fact, the governments and regulatory authorities around the world are also promoting the adoption of controlled-environment agriculture (CEA) practices and solid state lighting technology, as well as escalating investments in projects concerned with the vertical farms and greenhouses. Thus, the global LED agricultural grow lights market is projected to shoot up immensely over the upcoming years to come.

Furthermore, there is increasing acceptance of indoor farming in urban areas, in the present times, which also plays a positive role in accelerating the growth of the global LED agricultural grow lights market in the forthcoming future.

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LED Agricultural Grow Lights Market Segmentation

The global LED agricultural grow lights market is segmented on the basis of offering, lighting, type, installation type, watt, application, cultivated plant, spectrum, sales channel and regions. On the basis of offering, the LED agricultural grow lights market is segmented into hardware and software and services. On the basis of lighting type, the market is categorized into toplighting and interlighting. Further, the market is segmented on the basis of installation type into new installation and retrofit installation. On the basis of watt, the market is bifurcated into <300 watts and >300 watts. Then, the market is divided on the basis of application into Greenhouses, Vertical Farms, Indoor Farms, and Research and Tissue Culture Laboratories. Moreover, the LED agricultural grow lights market is divided on the basis of cultivated plants into Fruits and Vegetables, Flowers, and Cannabis. On the basis of spectrum, the market is divided into full spectrum and limited spectrum. Furthermore, the market is lastly segmented on the basis of sales channels into Distribution Channels, E-commerce Channels, and Direct Sales Channels.

By Offering

  • Hardware
  • Software and Services

By Lighting Type

  • Toplighting
  • Interlighting

By Installation Type

  • New installations
  • Retrofit Installations

By Watt

  • <300 Watts
  • >300 Watts

By Application

  • Greenhouses
  • Vertical Farms
  • Indoor Farms
  • Research and Tissue Culture Laboratories

By Cultivated Plant

  • Fruits and Vegetables
  • Flowers
  • Cannabis

By Spectrum

  • Full Spectrum
  • Limited Spectrum

By Sales Channel

  • Distribution Channels
  • E-commerce Channels
  • Direct Sales Channels

By Region

  • North America
  • Latin America
  • Africa
  • Europe
  • Asia Pacific
  • Middle East

LED Agricultural Grow Lights Market Key Players

The global LED agricultural grow lights market is dominated by Signify Holding, OSRAM, Gavita, Valoya, California Lightworks, and Helliospectra AB, among others.

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About Reports and Insights:

Reports and Insights is one of the leading market research company which offers syndicate and consulting research around the globe. At Reports and Insights we adhere to the client needs and regularly ponder to bring out more valuable and real outcomes for our customers. We are equipped with strategically enhanced group of researchers and analysts that redefines and stabilizes the business polarity in different categorical dimensions of the market.

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