Precision Business Insights
Portfolio

 

LED Grow Light and Hydroponic Greenhouse Automation Market

: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

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

 

Global LED Grow Light and Hydroponic Greenhouse Automation Market Size

 

The global LED grow light and hydroponic greenhouse automation market accounted for US$ 681.3 Mn in 2018 and poised to grow at prominent growth rate over 2019-2025. 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,

 

This report gives comprehensive outlook on turf & ornamental crop protection across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report on Global gives historical, current, and future market sizes (US$ Mn) on the basis of spectrum, range, application, and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. 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.

 

Increase in the Demand for Hydroponic Greenhouse Automation Surge the Growth of Market

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

 

North America Accounts for Larger Market Revenue Share in Global LED Grow Light and Hydroponic Greenhouse Automation Market

North America contributed the highest revenue share in global LED grow light and hydroponic greenhouse automation market 2018 and the market is burgeoning with moderate CAGR owing to increase in the adoption of advanced agriculture farming techniques, presence of huge number of market players, and grow in demand for quality and organic food products in the USA and Canada. Asia Pacific LED grow light and hydroponic greenhouse automation market projected to grow at significant rate owing increased economy of Asian countries coupled with concentration on agriculture field. Europe LED grow light and hydroponic greenhouse automation market projected to reach US$ 481.3 Mn by 2025 owing to surge in demand for food products due to rapid growth in population in the region.

 

Competition Assessment

Key players profiles:

  • 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

 

Global LED grow light and hydroponic greenhouse automation market is consolidating as large players complementing each other’s businesses by means of collaborations and acquisitions. For instance, In January 2019, Motorleaf partnered with greenhouse supplier, Cultilene, to counter slim profits and severe labour shortages.

 

Key Findings of the Report:

  • Global LED grow light and hydroponic greenhouse automation market expanding at 4.9% CAGR over 2019 to 2025 owing to increase in the awareness about smart agriculture farming
  • Based on spectrum, full spectrum accounted for larger market revenue share in 2018 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

 

Detailed 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

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

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario

The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market