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United States Grow Light Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The United States grow light market is expected to exhibit strong growth during 2021-2026. 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.

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 report, along with forecasts for growth at the country and regional level from 2021-2026. 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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2499
Five User License: US$ 3499
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 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$), 2015 - 2020 
Figure 3: United States: Grow Light Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: United States: Grow Light Market: Breakup by Technology (in %), 2020
Figure 5: United States: Grow Light Market: Breakup by Installation Type (in %), 2020
Figure 6: United States: Grow Light Market: Breakup by Spectrum (in %), 2020
Figure 7: United States: Grow Light Market: Breakup by Application (in %), 2020
Figure 8: United States: Grow Light Market: Breakup by Region (in %), 2020
Figure 9: United States: Grow Light (HID) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: United States: Grow Light (HID) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: United States: Grow Light (LED) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: United States: Grow Light (LED) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: United States: Grow Light (Fluorescent) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: United States: Grow Light (Fluorescent) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: United States: Grow Light (Other Technologies) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: United States: Grow Light (Other Technologies) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: United States: Grow Light (New Installations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: United States: Grow Light (New Installations) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: United States: Grow Light (Retrofit Installations) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: United States: Grow Light (Retrofit Installations) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: United States: Grow Light (Full-Spectrum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: United States: Grow Light (Full-Spectrum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: United States: Grow Light (Partial Spectrum) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: United States: Grow Light (Partial Spectrum) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: United States: Grow Light (Indoor Farming) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: United States: Grow Light (Indoor Farming) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: United States: Grow Light (Vertical Farming) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: United States: Grow Light (Vertical Farming) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: United States: Grow Light (Commercial Greenhouse) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Grow Light (Commercial Greenhouse) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: United States: Grow Light (Turf and Landscaping) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: United States: Grow Light (Turf and Landscaping) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Grow Light (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Grow Light (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Northeast: Grow Light Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Northeast: Grow Light Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Midwest: Grow Light Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Midwest: Grow Light Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: South: Grow Light Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: South: Grow Light Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: West: Grow Light Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: West: Grow Light Market Forecast: Sales Value (in Million US$), 2021-2026 
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, 2020 and 2026
Table 2: United States: Grow Light Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 3: United States: Grow Light Market Forecast: Breakup by Installation Type (in Million US$), 2021-2026
Table 4: United States: Grow Light Market Forecast: Breakup by Spectrum (in Million US$), 2021-2026
Table 5: United States: Grow Light Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 6: United States: Grow Light Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: United States: Grow Light Market: Competitive Structure
Table 8: United States: Grow Light Market: Key Players

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