Albany, NY -- (SBWIRE) -- 07/11/2018 -- 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.

The worldwide market for LED Grow Lights is expected to grow at a CAGR of roughly 15.0% over the next five years, will reach 1810 million US$ in 2023, from 780 million US$ in 2017, according to a new GIR (Global Info Research) study.

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Scope of the Report:

This report focuses on the LED Grow Lights in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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.

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This is the end of LED Grow Lights report.

Market Segment by Manufacturers, this report covers
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

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
High Power (300W)
Low Power (300W)

Market Segment by Applications, can be divided into
Commercial Greenhouses
Indoor Grow Facilities
Research Applications

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There are 15 Chapters to deeply display the global LED Grow Lights market.
Chapter 1, to describe LED Grow Lights Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of LED Grow Lights, with sales, revenue, and price of LED Grow Lights, in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of LED Grow Lights, for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, LED Grow Lights market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe LED Grow Lights sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

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