Light-emitting Diode (LED) Grow Lights Market to grow by USD 4.87 billion between 2022 - 2027 | Growth Driven by the need for energy-efficient and long-lasting grow light technology - Technavio

Key Facts

• Hence, such adverse effects are likely to affect demand for LED grow lights, which will impede the growth of the market during the forecast period.
• Key Companies in the light-emitting diode (LED) grow lights market: Advanced Grow Lights American Co., Biological Innovation and Optimization Systems LLC, Black Dog Grow Technologies Inc., Bridgelux Inc., Controlled Environments Ltd., Dool Industries, General Electric Co., GrowRay Lighting Technologies, Heliospectra AB, Kessil, Kind LED Grow Lights, LED Hydroponic Ltd., Samsung Electronics Co. Ltd., SANlight GmbH, Senmatic AS, Shenzhen Grow LED Technology Co. Ltd., Valoya Oy, Signify NV, OSRAM Licht AG, SMART Global Holdings Inc. Related Reports: The micro LED display market size is expected to increase by USD 11.50 billion from 2021 to 2026, at a CAGR of 78.61%.
• The LED lighting market in North America is projected to grow by USD 5.81 billion with a CAGR of 9.1% during the forecast period 2021 to 2026.
• Light-emitting Diode (LED) Grow Lights Market Scope Report Coverage Details Base year 2022 Historic period 2017-2021 Forecast period 2023-2027 Growth momentum & CAGR Accelerate at a CAGR of 26.8% Market growth 2023-2027 USD 4.87 billion Market structure Fragmented YoY growth 2022-2023 (%) 26.15 Regional analysis Europe, North America, APAC, South America, and Middle East and Africa Performing market contribution Europe at 35% Key countries US, Canada, China, The Netherlands, and UK Competitive landscape Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks Key companies profiled Advanced Grow Lights American Co., Biological Innovation and Optimization Systems LLC, Black Dog Grow Technologies Inc., Bridgelux Inc., Controlled Environments Ltd., Dool Industries, General Electric Co., GrowRay Lighting Technologies, Heliospectra AB, Kessil, Kind LED Grow Lights, LED Hydroponic Ltd., Samsung Electronics Co. Ltd., SANlight GmbH, Senmatic AS, Shenzhen Grow LED Technology Co. Ltd., Valoya Oy, Signify NV, OSRAM Licht AG, and SMART Global Holdings Inc. 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 the forecast period.

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