Global LED Grow Light and Hydroponic Greenhouse Automation Market: By Spectrum (Full Spectrum, Partial Spectrum), By Range (Low Power (0-100 Watts), Medium Power (100 Watts-300 Watts), High Power (More than 300 Watts)), By Application (Indoor Farming, Landscape & Turf, Commercial Greenhouse, Vertical Farming), and Geography

 

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The global LED grow light and hydroponic greenhouse automation market was valued US$ 681.3 Mn in 2021 and poised to grow at prominent growth rate over 2022-2028. The major factors driving the growth of market include due to increase in adoption of indoor farming in developed and developing countries, rise in demand for quality and organic food products, government initiations to raise the awareness about smart agriculture across the farmers, increase in the demand for LED grow lights over traditional LED lights, and development of technologically advanced LED grow lights are anticipated to surge the market over the forecast timeframe. However, high cost for the installation and maintenance and lack of awareness about the hydroponic greenhouse farming in underdeveloped countries. In addition, the report includes crop demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global LED grow light and hydroponic greenhouse automation market to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the global report include suppliers, manufacturers, marketers, policy makers, and agriculture service providers engaged in global turf & ornamental crop protection products.

Led Grow Light And Hydroponic Greenhouse Automation Market Summary

Study Period

2023-29

Base Year

2022

CAGR

X%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Growth

Increase in the demand for hydroponic greenhouse automation due to wide range of advantages is a major factor surge the growth of market over the forecast years. The major advantages with the technique include reduces the labor force and decrease the errors in feed formula mixing, limiting the water and fertilizer usage, effective use of nutrients, and better growth rate due to less weeds. Moreover, rise in demand for organic food farming also boost the growth of market over the forecast timeframe

Key Features of the Reports

  • Based on spectrum, full spectrum accounted for larger market revenue share in 2021 and projected gain market revenue share over the forecast period
  • Players focusing on mergers and acquisitions strategies to retain market position in global LED grow light and hydroponic greenhouse automation market

Led Grow Light And Hydroponic Greenhouse Automation Market Segmentation

By Spectrum
  • Full
  • Partial
By Origin
  • Low Power (0-100 Watts)
  • Medium Power (100 Watts-300 Watts)
  • High Power (More than 300 Watts)
By Application
By Geography
North America
  • US
  • Canada
Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe
Asia-Pacific
  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific
Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
Middle East and Africa (MEA)
  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  • Heliospectra
  • Lumigrow
  • Nexus Corporation
  • Greentech Agro LLC
  • Netafim
  • International Greenhouse Company
  • Argus Control Systems
  • Prospera Technologies
  • Pure Harvest
  • Rough Brothers
  • Everlight Electronics Co. Ltd
  • Osram Licht AG
  • Illumitex Inc.
  • Certhon
  • Epistar Corp.
  • Motorleaf
  • Grow LED Hydro