Los Angeles, CA -- (SBWIRE) -- 02/05/2019 -- 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.

The global LED Grow Lights market is valued at 780 million US$ in 2018 is expected to reach 2380 million US$ by the end of 2025, growing at a CAGR of 14.9% during 2019-2025.

This report focuses on LED Grow Lights volume and value at global level, regional level and company level. From a global perspective, this report represents overall LED Grow Lights market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.

Get PDF Report Template @ https://www.qyresearch.com/sample-form/form/955678/global-led-grow-lights-market

At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:

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

Segment by Regions

North America

Europe

China

Japan

Segment by Type

High Power (?300W)

Low Power (?300W)

Segment by Application

Commercial Greenhouses

Indoor Grow Facilities

Research Applications

Get Customized Report in your Inbox within 24 hours @ https://www.qyresearch.com/request-discount/form/955678/global-led-grow-lights-market

Benefits of Purchasing QY Research Report

Analyst Support: Get you query resolved from our expert analysts before and after purchasing the report
Customer's Satisfaction: Our expert team will assist with all your research needs and customize the report
Inimitable Expertise: Analysts will provide deep insights about the reports
Assured Quality: We focus on the quality and accuracy of the report
About QYResearch
QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in consulting industry.