Grow Light Market Research Report by Installation, Watt, Technology, Product, Lighting Type, Spectrum, Application, Country - North America Forecast to 2027 - Cumulative Impact of COVID-19

The North America Grow Light Market size was estimated at USD 510.44 million in 2021 and expected to reach USD 572.52 million in 2022, and is projected to grow at a CAGR 13.26% to reach USD 1,077.97 million by 2027.

Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:
This research report categorizes the Grow Light to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Installation, the market was studied across New Installation and Retrofit.

Based on Watt, the market was studied across Above 300 Watt and Below 300 Watt.

Based on Technology, the market was studied across Fluorescent Lighting, High-intensity Discharge, and LED.

Based on Product, the market was studied across Hardware and Software & Services.

Based on Lighting Type, the market was studied across Interlighting and Toplighting.

Based on Spectrum, the market was studied across Full-spectrum and Partial Spectrum.

Based on Application, the market was studied across Greenhouse, Indoor Farming, Turf and Landscaping, and Vertical Farming.

Based on Country, the market was studied across Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Grow Light market considering the current update on the conflict and its global response.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Grow Light Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the North America Grow Light Market, including Aerofarms, Bowery Farming, Inc., California Lightworks, Emium Lighting, LLC, Epistar Corporation, Everlight Electronics Co., Ltd., Gavita International B.V., Heliospectra AB, Hortilux Schreder B.V., Iwasaki Electric Co. Ltd., Kessil, Koninklijke Philips N.V., LumiGrow, Inc., Osram Licht AG, Platinum LED Lights LLC, Savant Systems Inc., Scotts Miracle-Gro Company, Thrive Agritech Inc., Valoya Ltd., and VividGro LED Grow Lights.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the North America Grow Light Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the North America Grow Light Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the North America Grow Light Market?
4. What is the competitive strategic window for opportunities in the North America Grow Light Market?
5. What are the technology trends and regulatory frameworks in the North America Grow Light Market?
6. What is the market share of the leading vendors in the North America Grow Light Market?
7. What modes and strategic moves are considered suitable for entering the North America Grow Light Market?

1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.1.4. Challenges
5.2. Cumulative Impact of COVID-19

6. Grow Light Market, by Installation
6.1. Introduction
6.2. New Installation
6.3. Retrofit

7. Grow Light Market, by Watt
7.1. Introduction
7.2. Above 300 Watt
7.3. Below 300 Watt

8. Grow Light Market, by Technology
8.1. Introduction
8.2. Fluorescent Lighting
8.3. High-intensity Discharge
8.4. LED

9. Grow Light Market, by Product
9.1. Introduction
9.2. Hardware
9.3. Software & Services

10. Grow Light Market, by Lighting Type
10.1. Introduction
10.2. Interlighting
10.3. Toplighting

11. Grow Light Market, by Spectrum
11.1. Introduction
11.2. Full-spectrum
11.3. Partial Spectrum

12. Grow Light Market, by Application
12.1. Introduction
12.2. Greenhouse
12.3. Indoor Farming
12.4. Turf and Landscaping
12.5. Vertical Farming

13. Canada Grow Light Market
13.1. Introduction

14. Mexico Grow Light Market
14.1. Introduction

15. United States Grow Light Market
15.1. Introduction

16. Competitive Landscape
16.1. FPNV Positioning Matrix
16.1.1. Quadrants
16.1.2. Business Strategy
16.1.3. Product Satisfaction
16.2. Market Ranking Analysis, By Key Player
16.3. Market Share Analysis, By Key Player
16.4. Competitive Scenario
16.4.1. Merger & Acquisition
16.4.2. Agreement, Collaboration, & Partnership
16.4.3. New Product Launch & Enhancement
16.4.4. Investment & Funding
16.4.5. Award, Recognition, & Expansion

17. Company Usability Profiles
17.1. Aerofarms
17.1.1. Business Overview
17.1.2. Key Executives
17.1.3. Product & Services
17.2. Bowery Farming, Inc.
17.2.1. Business Overview
17.2.2. Key Executives
17.2.3. Product & Services
17.3. California Lightworks
17.3.1. Business Overview
17.3.2. Key Executives
17.3.3. Product & Services
17.4. Emium Lighting, LLC
17.4.1. Business Overview
17.4.2. Key Executives
17.4.3. Product & Services
17.5. Epistar Corporation
17.5.1. Business Overview
17.5.2. Key Executives
17.5.3. Product & Services
17.6. Everlight Electronics Co., Ltd.
17.6.1. Business Overview
17.6.2. Key Executives
17.6.3. Product & Services
17.7. Gavita International B.V.
17.7.1. Business Overview
17.7.2. Key Executives
17.7.3. Product & Services
17.8. Heliospectra AB
17.8.1. Business Overview
17.8.2. Key Executives
17.8.3. Product & Services
17.9. Hortilux Schreder B.V.
17.9.1. Business Overview
17.9.2. Key Executives
17.9.3. Product & Services
17.10. Iwasaki Electric Co. Ltd.
17.10.1. Business Overview
17.10.2. Key Executives
17.10.3. Product & Services
17.11. Kessil
17.11.1. Business Overview
17.11.2. Key Executives
17.11.3. Product & Services
17.12. Koninklijke Philips N.V.
17.12.1. Business Overview
17.12.2. Key Executives
17.12.3. Product & Services
17.13. LumiGrow, Inc.
17.13.1. Business Overview
17.13.2. Key Executives
17.13.3. Product & Services
17.14. Osram Licht AG
17.14.1. Business Overview
17.14.2. Key Executives
17.14.3. Product & Services
17.15. Platinum LED Lights LLC
17.15.1. Business Overview
17.15.2. Key Executives
17.15.3. Product & Services
17.16. Savant Systems Inc.
17.16.1. Business Overview
17.16.2. Key Executives
17.16.3. Product & Services
17.17. Scotts Miracle-Gro Company
17.17.1. Business Overview
17.17.2. Key Executives
17.17.3. Product & Services
17.18. Thrive Agritech Inc.
17.18.1. Business Overview
17.18.2. Key Executives
17.18.3. Product & Services
17.19. Valoya Ltd.
17.19.1. Business Overview
17.19.2. Key Executives
17.19.3. Product & Services
17.20. VividGro LED Grow Lights
17.20.1. Business Overview
17.20.2. Key Executives
17.20.3. Product & Services

18. Appendix
18.1. Discussion Guide
18.2. License & Pricing