Global LED Grow Lights Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2020-2026

LED grow lights are composed of light-emitting diodes, usually in a casing with a heat sink and built-in fans. LED grow lights do not usually require separate ballast and can be plugged directly into a standard electrical socket. LED grow lights can act as daylight in the absence of sunlight, so that plants can be normal or better growth and development. LED grow lights has strong roots, encourage, adjust the flowering, color, to promote fruit ripening, color, enhance the taste and quality of the role.
First, as for the LED Grow Lights industry, the industry structure is relatively dispersion. The top 5 manufacturers occupied 31.98% of market share in 2015. The top 3 manufacturers are Philips, Osram and General Electric. The Philips which has 14.29% market share in 2015 is the leader in the LED Grow Lights industry. The manufacturers following Clearblue are Osram and General Electric which respectively has 7.20% and 4.75% market share in 2015.

Second, the global consumption of LED Grow Lights products rises up from about 184.90 K units in 2011 to about 2022.75 K units in 2015, with an average annual growth rate of 61.36%.

Third, China is the largest production region for LED Grow Lights witch production about 33.60% in 2015. Europe is the largest consumption region of LED Grow Lights witch consumption about 34.55%. North America is the second consumption about 29.33% in 2015.

Finally, we believe LED Grow Lights industry have lot connection with the upstream raw materials. With the development agriculture and LED light industry we tend to believe the future of LED Grow Lights will be optimism.
This is the end of LED Grow Lights report.

Market Analysis and Insights: Global LED Grow Lights Market
In 2019, the global LED Grow Lights market size was US$ 1047.4 million and it is expected to reach US$ 2797.9 million by the end of 2026, with a CAGR of 14.9% during 2021-2026.
Global LED Grow Lights Scope and Market Size
LED Grow Lights market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global LED Grow Lights market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2015-2026.

Segment by Type, the LED Grow Lights market is segmented into
High Power (≥300W)
Low Power (<300W)

Segment by Application, the LED Grow Lights market is segmented into
Commercial Greenhouses
Indoor Grow Facilities
Research Applications

Regional and Country-level Analysis:
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Competitive Landscape

and LED Grow Lights Market Share Analysis
LED Grow Lights market competitive landscape provides details and data information by companies. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on sale and revenue by players for the period 2015-2020. Details included are company description, major business, LED Grow Lights product introduction, recent developments, LED Grow Lights sales by region, type, application and by sales channel.

The major companies include:
Philips
Osram
General Electric
Easy Agricultural
Illumitex
Fionia Lighting
Lumigrow
Kind LED Grow Lights
California LightWorks
Spectrum King Grow Lights
Valoya
Weshine
Apollo Horticulture
Kessil
Cidly
Heliospectra AB
LEDHYDROPONICS
Ohmax Optoelectronic
Zhicheng

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