MRO Magazine

Global Grow Lights Market 2016-2020 – Increase in Plant Factories – Key Vendors are GE, Solarmax & Royal Philips – Research and Markets


May 11, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global Grow Lights Market 2016-2020” report to their offering.

The report forecasts the global grow lights market to grow at a CAGR of 11.7% during the period 2016-2020.

A notable trend in this market is the growing popularity of solar-powered LED grow lights. LED grow lights provide more light than traditional indoor lighting systems or even natural sunlight, speeding up the development of plants. They also save energy and cut costs by 50% in comparison to traditional lighting. In addition to the all these benefits, the heat emitted by light sources also impacts plant growth and installation charges of indoor farming units.

According to the report, a key driver for this market is the rise in plant factories. A plant factory (PF) is indoor vertical farming where plants are grown in shelves that are stacked one on another under artificial lights. In this environment, all the elements needed for plant growth are artificially controlled, and the process involved removes detrimental influences such as pesticides and poor weather conditions. Hence, these indoor farming units can be set up in regions with extreme weather conditions, including the desert or drought stricken areas.

Further, the report states that the need for continuous support and maintenance from developers can have an adverse impact on the sales of grow lights.

Key vendors:

  • Royal Philips
  • PARsource Lighting Solutions
  • GE
  • Solarmax

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Other prominent vendors

Companies Mentioned:

  • Royal Philips
  • PARsource Lighting Solutions
  • GE
  • Solarmax
  • Bridgelux
  • EYE HORTILUX
  • LED Hydroponics
  • LumiGrow
  • Twilight Group

For more information visit http://www.researchandmarkets.com/research/9cd9np/global_grow

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
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