Market Overview:
The India grow light market reached a value of US$ 70.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 155.8 Million by 2027, exhibiting a CAGR of 14.4% 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 light sources utilized for stimulating plant growth. They emit electromagnetic radiation in the visible light spectrum, which acts as sunlight for photosynthesis. Grow lights are commercially available in fluorescent, high-intensity discharge (HID), high-pressure sodium (HPS), light-emitting diodes (LED) and incandescent variants. The different elements of these lights, such as color, intensity, and temperature, can be controlled to mimic outdoor settings. This creates an ideal environment for plants to grow, thus resulting in the improved crop yield. Consequently, grow lights are extensively utilized in home gardening, horticulture, commercial indoor gardening, food production, and plant propagation applications.
The grow light market in India is primarily being driven by a significant rise in the population and the rapid establishment of vegetable factories in the country. In addition, the emerging trend of vertical, rooftop, and commercial greenhouse farming is further contributing to the market growth. Moreover, grow lights offer several benefits, including versatility, color quality, energy-efficiency, and cost-effectiveness, which is promoting the widescale utilization of these lights across the agriculture sector. Furthermore, continuous investments in research and development (R&D) activities to promote innovations in agricultural science and technology are acting as another major growth-inducing factor. Apart from this, the increasing deployment of solar power-based agricultural plants is creating a positive outlook for the market across the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the India grow light market, along with forecasts at the country and regional 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 Region:
- North India
- West and Central India
- South India
- East India
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, Region |
| Region Covered |
North India, West and Central India, South India, East India |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499 |
| 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) |
Key Questions Answered in This Report:
- How has the India grow light market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the India grow light market?
- What are the key regional markets?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the installation type?
- What is the breakup of the market based on the spectrum?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the India grow light market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 India Grow Light Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Technology
6.1 HID
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 LED
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Fluorescent
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Installation Type
7.1 New Installations
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Retrofit Installations
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Spectrum
8.1 Full-Spectrum
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Partial Spectrum
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Application
9.1 Indoor Farming
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Vertical Farming
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Commercial Greenhouse
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Turf and Landscaping
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Others
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
10.1 North India
10.1.1 Market Trends
10.1.2 Market Breakup by State
10.1.3 Market Forecast
10.2 West and Central India
10.2.1 Market Trends
10.2.2 Market Breakup by State
10.2.3 Market Forecast
10.3 East India
10.3.1 Market Trends
10.3.2 Market Breakup by State
10.3.3 Market Forecast
10.4 South India
10.4.1 Market Trends
10.4.2 Market Breakup by State
10.4.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Policy and Regulatory Landscape
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
List of Figures
Figure 1: India: Grow Light Market: Major Drivers and Challenges
Figure 2: India: Grow Light Market: Sales Value (in Million US$), 2016 - 2021
Figure 3: India: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: India: Grow Light Market: Breakup by Technology (in %), 2021
Figure 5: India: Grow Light Market: Breakup by Installation Type (in %), 2021
Figure 6: India: Grow Light Market: Breakup by Spectrum (in %), 2021
Figure 7: India: Grow Light Market: Breakup by Application (in %), 2021
Figure 8: India: Grow Light Market: Breakup by Region (in %), 2021
Figure 9: India: Grow Light (HID) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: India: Grow Light (HID) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: India: Grow Light (LED) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: India: Grow Light (LED) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: India: Grow Light (Fluorescent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: India: Grow Light (Fluorescent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: India: Grow Light (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: India: Grow Light (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: India: Grow Light (New Installations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: India: Grow Light (New Installations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: India: Grow Light (Retrofit Installations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: India: Grow Light (Retrofit Installations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: India: Grow Light (Full-Spectrum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: India: Grow Light (Full-Spectrum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: India: Grow Light (Partial Spectrum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: India: Grow Light (Partial Spectrum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: India: Grow Light (Indoor Farming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: India: Grow Light (Indoor Farming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: India: Grow Light (Vertical Farming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: India: Grow Light (Vertical Farming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Grow Light (Commercial Greenhouse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Grow Light (Commercial Greenhouse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: India: Grow Light (Turf and Landscaping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: India: Grow Light (Turf and Landscaping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: India: Grow Light (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: India: Grow Light (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North India: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North India: Grow Light Market: Breakup by State (in %), 2021
Figure 37: North India: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: West and Central India: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: West and Central India: Grow Light Market: Breakup by State (in %), 2021
Figure 40: West and Central India: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: East India: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: East India: Grow Light Market: Breakup by State (in %), 2021
Figure 43: East India: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South India: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South India: Grow Light Market: Breakup by State (in %), 2021
Figure 46: South India: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Grow Light Industry: SWOT Analysis
Figure 48: India: Grow Light Industry: Value Chain Analysis
Figure 49: India: Grow Light Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: India: Grow Light Market: Key Industry Highlights, 2021 and 2027
Table 2: India: Grow Light Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: India: Grow Light Market Forecast: Breakup by Installation Type (in Million US$), 2022-2027
Table 4: India: Grow Light Market Forecast: Breakup by Spectrum (in Million US$), 2022-2027
Table 5: India: Grow Light Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: India: Grow Light Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: India: Grow Light Market: Competitive Structure
Table 8: India: Grow Light Market: Key Players