Market Overview:
The United States grow light market is expected to exhibit a CAGR of 11.85% 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, or plant lights, refer to artificial lights that emit electromagnetic spectrum to promote photosynthesis. It is 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 also 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 the United States is majorly being driven by the rising trend of urban farming across the country. In addition to this, growing environmental consciousness is also contributing to the market growth. Since grow light is an eco-friendly technique of facilitating agricultural produce, it is increasingly being adopted as a sustainable way of cultivation. Moreover, there is a growing inclination toward indoor farming, which, in turn, is catalyzing the product demand significantly. Associated benefits, including versatility, color quality, energy efficiency, and cost-effectiveness, are also promoting the increasing utilization of grow lights across the agriculture sector. Moreover, various technological advancements, such as the development of smart grow lights integrated with the Internet of Things (IoT), are acting as another major growth-inducing factor. Other factors, such as the increasing establishments of solar power-based agricultural plants, are creating a positive outlook for the market further in the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States 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:
- Northeast
- Midwest
- South
- West
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 |
Northeast, Midwest, South, West |
| 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) |
Key Questions Answered in This Report:
- How has the United States 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 United States 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 United States 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 United States 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 Northeast
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Midwest
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 South
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 West
10.4.1 Market Trends
10.4.2 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: United States: Grow Light Market: Major Drivers and Challenges
Figure 2: United States: Grow Light Market: Sales Value (in Million US$), 2016 - 2021
Figure 3: United States: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: United States: Grow Light Market: Breakup by Technology (in %), 2021
Figure 5: United States: Grow Light Market: Breakup by Installation Type (in %), 2021
Figure 6: United States: Grow Light Market: Breakup by Spectrum (in %), 2021
Figure 7: United States: Grow Light Market: Breakup by Application (in %), 2021
Figure 8: United States: Grow Light Market: Breakup by Region (in %), 2021
Figure 9: United States: Grow Light (HID) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: United States: Grow Light (HID) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: United States: Grow Light (LED) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: United States: Grow Light (LED) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: United States: Grow Light (Fluorescent) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: United States: Grow Light (Fluorescent) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: United States: Grow Light (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: United States: Grow Light (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: United States: Grow Light (New Installations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Grow Light (New Installations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: United States: Grow Light (Retrofit Installations) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: United States: Grow Light (Retrofit Installations) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Grow Light (Full-Spectrum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Grow Light (Full-Spectrum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Grow Light (Partial Spectrum) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Grow Light (Partial Spectrum) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Grow Light (Indoor Farming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Grow Light (Indoor Farming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Grow Light (Vertical Farming) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Grow Light (Vertical Farming) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Grow Light (Commercial Greenhouse) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Grow Light (Commercial Greenhouse) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Grow Light (Turf and Landscaping) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Grow Light (Turf and Landscaping) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Grow Light (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Grow Light (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Northeast: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Northeast: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Midwest: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Midwest: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: West: Grow Light Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: West: Grow Light Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Grow Light Industry: SWOT Analysis
Figure 44: United States: Grow Light Industry: Value Chain Analysis
Figure 45: United States: Grow Light Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Grow Light Market: Key Industry Highlights, 2021 and 2027
Table 2: United States: Grow Light Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 3: United States: Grow Light Market Forecast: Breakup by Installation Type (in Million US$), 2022-2027
Table 4: United States: Grow Light Market Forecast: Breakup by Spectrum (in Million US$), 2022-2027
Table 5: United States: Grow Light Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: United States: Grow Light Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: United States: Grow Light Market: Competitive Structure
Table 8: United States: Grow Light Market: Key Players