LED Grow Lights Market Forecasts to 2021: Illumitex, Opto-LED, Syhdee and Other Leading Companies' Analysis

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Nov 03, 2015, 09:15 ET

PUNE, India, November 3, 2015 /PRNewswire/ --

This 2015 market research says utilizing LED grow lights can help achieve a rapid ROI from substantially decreasing the energy costs associated with using grow lights, lengthening the growing season, eliminating chemical contaminants in the food supply, and significantly decreasing transportation costs for food production.

Complete report on LED grow lights market spread across 596 pages, profiling 67 companies and supported with 163 tables and figures is now available at http://www.marketreportshub.com/led-grow-lights-market-wintergreen-research.html .

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. 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.

Taking cost of transportation out of the food chain is a breakthrough of major proportions. The ability to make fresh, sanitary food available consistently presents a major shift in how people live and achieve quality of life. Growth lights increase the density of food production by a factor of ten. This is significant. In some places, like Japan, where there is a deficiency in the environment, plant factories will continue to proliferate and to use LED grow lights as large warehouse type entities that provide food for the general public and for people who need specialized nutrition.

As more people become more health conscious and try to avoid the deleterious effects of pesticides in their food grow lights are anticipated to find more and larger markets among greenhouse operators. The large warehouse size plant factories are expected to concentrate on raising seedlings. 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.

Companies mentioned in this research include Illumitex, Everlight Electronics, Opto-LED Technology, Syhdee, Epistar, Philips, GE, Sanxinbao Semiconductor, Valoya, LumiGrow, Advanced Lighting Technologies, Black Dog LED, Conviron, Daystar, Dalsem Group, Delta Group, Iwasaki EYE Hortilux, Epistar, General Hydroponics, Gl Flora, Genesis Photonics (GPI), Hon Hai, Fujitsu and others. Order a copy of LED Grow Lights Market Shares, Strategies, and Forecasts, Worldwide, 2015 to 2021 research report at http://www.marketreportshub.com/purchase?rpid=2706 .

On same lines, another research titled LED Grow Light Market by Wattage, Type of Installation (New, Retrofit), Spectrum (Partial, Full), Application (Indoor Farming, Commercial Greenhouse, Vertical Farming, Turf & Landscaping, Research, and Others), and Geography - Forecast to 2020 forecasts a 30.29% CAGR for vertical farming application of LED grow light. This application is expected to reach a value worth $401.72 million by 2020. The low-space area cultivation of vertical farming is the main reason for its high growth in the LED grow light market. Vertical farming is mainly used in urban areas due to space constraint. The commercial greenhouse application hold the largest share in LED grow light market in 2015, and it is expected to dominate the market during the forecast period. Some of the major players covered in this report are Alta LED Corporation (U.S.), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Ever light Electronics Co. Ltd. (Taiwan), General Electric Company (U.S.), Heliospectra AB (Sweden), Illumitex, Inc. (U.S.), Lumigrow, Inc. (U.S.), Osram Licht AG (Germany), and Royal Philips Electronics N.V. (Netherlands). Read more at http://www.marketreportshub.com/led-grow-light-industry-research-marketsandmarkets.html .

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