Europe Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Europe Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A4321
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Market Overview:

The Europe grow light market size reached US$ 1,151 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,173 Million by 2027, exhibiting a growth rate (CAGR) of 11.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Grow lights are artificial lights that emit electromagnetic spectrum to promote photosynthesis. Grow lights are commercially available in fluorescent, high-intensity discharge (HID), high-pressure sodium (HPS), light-emitting diodes (LED) and incandescent variants. They aim to mimic outdoor settings by controlling different light elements, such as color, intensity, and temperature. This creates an ideal environment for plants to grow, thereby resulting in an improved crop yield. Consequently, grow lights are extensively utilized in home gardening, horticulture, commercial indoor gardening, food production, and plant propagation applications.

Europe grow light market is majorly being driven by the escalating demand for plant-based food products, these lights are being extensively utilized to facilitate agricultural produce. The enhanced focus on sustainable development is acting as another major growth-inducing factor. Moreover, there has been a significant shift toward vertical and indoor farming, which, in turn, is catalyzing the utilization of grow lights across various settings. The large-scale integration of grow lights with the Internet of Things (IoT) is further creating a positive outlook for the market in the region.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe grow light market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on technology, installation type, spectrum and application.

Breakup by Technology:

  • HID
  • LED
  • Fluorescent
  • Others
     

Breakup by Installation Type:

  • New Installations
  • Retrofit Installations
     

Breakup by Spectrum:

  • Full-Spectrum
  • Partial Spectrum
     

Breakup by Application:

  • Indoor Farming
  • Vertical Farming
  • Commercial Greenhouse
  • Turf and Landscaping
  • Others
     

Breakup by Country:

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Technology, Installation Type, Spectrum, Application, Country
Countries Covered Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Europe Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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