Global LED Grow Lights Market New Research Report Announced with business priorities in order to assist companies to realign their business strategies.

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

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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 was 780 million US$ in 2018 and is expected to 2380 million US$ by the end of 2025, growing at a CAGR of 14.9% between 2019 and 2025.

This report studies the LED Grow Lights market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of LED Grow Lights in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

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

By the product type, the market is primarily split into

High Power (?300W)

Low Power (?300W)

By the end users/application, this report covers the following segments

Commercial Greenhouses

Indoor Grow Facilities

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