LED Grow Light is an emerging technology with high growth in indoor farming, commercial greenhouse & vertical farming

Light-Emitting Diode (LED)  grow light market is driven by various factors such as superior technology for urban farming such as commercial greenhouse, vertical farming, and indoor farming among others; low energy consumption; lighting provider according to plants need; and research for growing plant in cold area and space. Some of the major players in this market are Alta LED Corporation (U.S.), Bridgelux, Inc. (U.S.), Cree, Inc. (U.S.), Everlight 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).

led-grow-light-market

LED grow light market

Royal Philips Electronics N.V. (Netherlands) is a market leader in energy-efficient lighting solutions. The company operates in healthcare, electronics, lighting, and consumer lifestyle products. Philips is the world’s largest lighting company with a leading position in the LED grow lighting solutions. Philips has manufacturing facilities in approximately 25 countries and sales organizations in more than 100 countries as on date. The energy-efficient LED grow light products make the company the world leader in the LED grow light market. It offers its horticultural lighting products under the Philips GreenPower brand. It has strong distribution network and contracted with many commercial greenhouse grower to deploy LED on a large scale.

Another major company in the LED grow light market is LumiGrow, Inc. (U.S.). The company is a manufacturer of advanced LED lighting solutions for horticulture and agriculture applications. It offers LED grow lights in various fixture designs for growers in commercial greenhouses, indoor farming, and plant research, and also in applications such as entomology. The company also provides light management software to help growers in customizing their lighting systems depending on the kind of crop being grown and nature of the climate. The company focuses on the strategy of contracts and agreements to hold its position in the LED grow light market.

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Recently, it has contracted with Patterson Greenhouse to install LED grow light for its greenhouse. Although the company primarily operates in the North American market but it also provides its products in some of the major countries across Europe and APAC through distribution networks.

Also See Greenhouse Irrigation System Market

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