Global LED Agricultural Grow Light 2015-2021 - Market Shares, Strategies, and Forecasts for the $1.8 Billion Industry

News provided by

May 22, 2015, 07:27 ET

DUBLIN, May 21, 2015 /PRNewswire/ --Research and Markets(http://www.researchandmarkets.com/research/ltw3bm/led_agricultural) has announced the addition of Wintergreen Research, Inc's new report "LED Agricultural Grow Light: Market Shares, Strategies, and Forecasts, Worldwide, 2015-2021" to their offering.

LED grow light module markets at $395 million in 2014 are forecast to reach $1.8 billion by 2021. Rapid growth is anticipated as green house and plant factory growers find the LED grow lights improve agriculture.

The 2015 study has 596 pages, 163 tables and figures. Worldwide markets for LED Agricultural Grow Lights are growing as units support more efficient indoor growing. The LEDs are less costly than alternatives and save significantly on electricity costs. Rapid adoption of LED lighting in general is occurring. Rapid adoption of LED grow lights worldwide is occurring as systems provide peak growing efficiently.

LED grow lights are more powerful and efficient than the older generation high-pressure sodium and metal halide bulb grow lights. They lower the electricity bill and produce less heat. Less heat allows putting the light closer to plants, the plants do not get burned.

Next-generation LED grow lights deliver dramatic power savings and unmatched product reliability. LED grow lights are shifting as illustrated by the new Everlight GL-Flora LED lighting fixtures for agriculture. They offer low power, high-efficiency, uniform light pattern, homogenous light distribution at precisely the right wavelengths and color ratios needed for superior photosynthetic response.

LED grow lights are different. Grow lights provide artificial light used for plant growth. The spectrum of growth lights is tuned to the plant growing task. Plant light has photons from the blue to red (400-700 nm) part of the spectrum. This is called growth light. Horticulture lamps address the role of light in the growth and development of plants. Plant growth is a function of photosynthesis.

The plant growth lights work in three different ways:

- To provide all the light a plant needs to grow
- To supplement sunlight, especially in winter months when daylight hours are short
- To increase the length of the "day" in order to trigger specific growth and flowering

Key Topics Covered:

LED Grow Lights Market Executive Summary
- LED Grow Lights Market Driving Forces
- Grow Light LEDs Mitigate Impact of Global Warming
- Spectrum Of Growth Lights Is Tuned To The Plant Growing Task
- LED Advantages over Halide Lamps
- Growth Light Spectrum Positioning
- LED Grow Lights Market Shares
- LED Grow Light Market Forecasts

1. LED Grow Light Market Description And Market Dynamics

2. LED Grow Lights Market Shares And Forecasts

3. LED Grow Light Product Description

4. LED Grow Light Technology

5. Grow Light Company Profiles

Companies Mentioned

Market Leaders:

- Illumitex
- Everlight Electronics
- Opto-LED Technology
- Syhdee
- Epistar
- Philips
- GE
- Sanxinbao Semiconductor
- Valoya
- LumiGrow

Market Participants:

- Advanced Lighting Technologies
- Black Dog LED
- Conviron
- Daystar
- Dalsem Group
- Epistar
- Everlight Electronics
- General Electric (GE)
- General Hydroponics
- Gl Flora
- Genesis Photonics (GPI)
- Hon Hai
- Hon Hai Precision Industry Ltd / Foxconn
- GrowBlu
- GYLED Grille LED Lights
- Hydrofarm
- Hon Hai
- Hydrofarm
- Hydroponics Equipment And High-Intensity Grow Lights
- Nihon Advanced Agri
- Novagant
- Opto-LED Technology
- Ozu Corporation
- Philips Horticulture Lamps
- Rambridge
- SolarMax
- Technology Co., Ltd
- Sunleaves Garden Products
- Shanxi Guangyu LED Lighting Co
- SolarMax
- Sunleaves Garden
- Sunlight Supply
- Sun System
- Taiwan Floriculture Exports Association
- USALight