Abstract
Summary
LPI (LP Information)' newest research report, the “Agricultural LED Industry Forecast” looks at past sales and reviews total world Agricultural LED sales in 2022, providing a comprehensive analysis by region and market sector of projected Agricultural LED sales for 2023 through 2029. With Agricultural LED sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Agricultural LED industry.
This Insight Report provides a comprehensive analysis of the global Agricultural LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agricultural LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Agricultural LED market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agricultural LED and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agricultural LED.
The global Agricultural LED market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Agricultural LED is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Agricultural LED is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Agricultural LED is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Agricultural LED players cover Philips, Osram, General Electric, Easy Agricultural, Illumitex, Fionia Lighting, Lumigrow, Kind LED Grow Lights and California LightWorks, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural LED market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
0-30w LED Grow Lights
30-100w LED Grow Lights
Above 100w LED Grow Lights
Segmentation by application
Farming
Animal Husbandry
Fisheries
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Philips
Osram
General Electric
Easy Agricultural
Illumitex
Fionia Lighting
Lumigrow
Kind LED Grow Lights
California LightWorks
Spectrum King Grow Lights
Valoya
Weshine
Apollo Horticulture
Kessil
Cidly
Heliospectra AB
LEDHYDROPONICS
Ohmax Optoelectronic
Zhicheng
Noribachi
Greengage Lighting Ltd
Beba-Lighting UK Limited
ONCE，Inc.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Agricultural LED market?
What factors are driving Agricultural LED market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Agricultural LED market opportunities vary by end market size?
How does Agricultural LED break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
This Insight Report provides a comprehensive analysis of the global Agricultural LED landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Agricultural LED portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Agricultural LED market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Agricultural LED and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Agricultural LED.
The global Agricultural LED market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.
United States market for Agricultural LED is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
China market for Agricultural LED is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Europe market for Agricultural LED is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.
Global key Agricultural LED players cover Philips, Osram, General Electric, Easy Agricultural, Illumitex, Fionia Lighting, Lumigrow, Kind LED Grow Lights and California LightWorks, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.
This report presents a comprehensive overview, market shares, and growth opportunities of Agricultural LED market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
0-30w LED Grow Lights
30-100w LED Grow Lights
Above 100w LED Grow Lights
Segmentation by application
Farming
Animal Husbandry
Fisheries
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Philips
Osram
General Electric
Easy Agricultural
Illumitex
Fionia Lighting
Lumigrow
Kind LED Grow Lights
California LightWorks
Spectrum King Grow Lights
Valoya
Weshine
Apollo Horticulture
Kessil
Cidly
Heliospectra AB
LEDHYDROPONICS
Ohmax Optoelectronic
Zhicheng
Noribachi
Greengage Lighting Ltd
Beba-Lighting UK Limited
ONCE，Inc.
Key Questions Addressed in this Report
What is the 10-year outlook for the global Agricultural LED market?
What factors are driving Agricultural LED market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Agricultural LED market opportunities vary by end market size?
How does Agricultural LED break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Agricultural LED Annual Sales 2018-2029
2.1.2 World Current & Future Analysis for Agricultural LED by Geographic Region, 2018, 2022 & 2029
2.1.3 World Current & Future Analysis for Agricultural LED by Country/Region, 2018, 2022 & 2029
2.2 Agricultural LED Segment by Type
2.2.1 0-30w LED Grow Lights
2.2.2 30-100w LED Grow Lights
2.2.3 Above 100w LED Grow Lights
2.3 Agricultural LED Sales by Type
2.3.1 Global Agricultural LED Sales Market Share by Type (2018-2023)
2.3.2 Global Agricultural LED Revenue and Market Share by Type (2018-2023)
2.3.3 Global Agricultural LED Sale Price by Type (2018-2023)
2.4 Agricultural LED Segment by Application
2.4.1 Farming
2.4.2 Animal Husbandry
2.4.3 Fisheries
2.4.4 Others
2.5 Agricultural LED Sales by Application
2.5.1 Global Agricultural LED Sale Market Share by Application (2018-2023)
2.5.2 Global Agricultural LED Revenue and Market Share by Application (2018-2023)
2.5.3 Global Agricultural LED Sale Price by Application (2018-2023)
3 Global Agricultural LED by Company
3.1 Global Agricultural LED Breakdown Data by Company
3.1.1 Global Agricultural LED Annual Sales by Company (2018-2023)
3.1.2 Global Agricultural LED Sales Market Share by Company (2018-2023)
3.2 Global Agricultural LED Annual Revenue by Company (2018-2023)
3.2.1 Global Agricultural LED Revenue by Company (2018-2023)
3.2.2 Global Agricultural LED Revenue Market Share by Company (2018-2023)
3.3 Global Agricultural LED Sale Price by Company
3.4 Key Manufacturers Agricultural LED Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Agricultural LED Product Location Distribution
3.4.2 Players Agricultural LED Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2018-2023)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Agricultural LED by Geographic Region
4.1 World Historic Agricultural LED Market Size by Geographic Region (2018-2023)
4.1.1 Global Agricultural LED Annual Sales by Geographic Region (2018-2023)
4.1.2 Global Agricultural LED Annual Revenue by Geographic Region (2018-2023)
4.2 World Historic Agricultural LED Market Size by Country/Region (2018-2023)
4.2.1 Global Agricultural LED Annual Sales by Country/Region (2018-2023)
4.2.2 Global Agricultural LED Annual Revenue by Country/Region (2018-2023)
4.3 Americas Agricultural LED Sales Growth
4.4 APAC Agricultural LED Sales Growth
4.5 Europe Agricultural LED Sales Growth
4.6 Middle East & Africa Agricultural LED Sales Growth
5 Americas
5.1 Americas Agricultural LED Sales by Country
5.1.1 Americas Agricultural LED Sales by Country (2018-2023)
5.1.2 Americas Agricultural LED Revenue by Country (2018-2023)
5.2 Americas Agricultural LED Sales by Type
5.3 Americas Agricultural LED Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Agricultural LED Sales by Region
6.1.1 APAC Agricultural LED Sales by Region (2018-2023)
6.1.2 APAC Agricultural LED Revenue by Region (2018-2023)
6.2 APAC Agricultural LED Sales by Type
6.3 APAC Agricultural LED Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Agricultural LED by Country
7.1.1 Europe Agricultural LED Sales by Country (2018-2023)
7.1.2 Europe Agricultural LED Revenue by Country (2018-2023)
7.2 Europe Agricultural LED Sales by Type
7.3 Europe Agricultural LED Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Agricultural LED by Country
8.1.1 Middle East & Africa Agricultural LED Sales by Country (2018-2023)
8.1.2 Middle East & Africa Agricultural LED Revenue by Country (2018-2023)
8.2 Middle East & Africa Agricultural LED Sales by Type
8.3 Middle East & Africa Agricultural LED Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Agricultural LED
10.3 Manufacturing Process Analysis of Agricultural LED
10.4 Industry Chain Structure of Agricultural LED
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Agricultural LED Distributors
11.3 Agricultural LED Customer
12 World Forecast Review for Agricultural LED by Geographic Region
12.1 Global Agricultural LED Market Size Forecast by Region
12.1.1 Global Agricultural LED Forecast by Region (2024-2029)
12.1.2 Global Agricultural LED Annual Revenue Forecast by Region (2024-2029)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Agricultural LED Forecast by Type
12.7 Global Agricultural LED Forecast by Application
13 Key Players Analysis
13.1 Philips
13.1.1 Philips Company Information
13.1.2 Philips Agricultural LED Product Portfolios and Specifications
13.1.3 Philips Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.1.4 Philips Main Business Overview
13.1.5 Philips Latest Developments
13.2 Osram
13.2.1 Osram Company Information
13.2.2 Osram Agricultural LED Product Portfolios and Specifications
13.2.3 Osram Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.2.4 Osram Main Business Overview
13.2.5 Osram Latest Developments
13.3 General Electric
13.3.1 General Electric Company Information
13.3.2 General Electric Agricultural LED Product Portfolios and Specifications
13.3.3 General Electric Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.3.4 General Electric Main Business Overview
13.3.5 General Electric Latest Developments
13.4 Easy Agricultural
13.4.1 Easy Agricultural Company Information
13.4.2 Easy Agricultural Agricultural LED Product Portfolios and Specifications
13.4.3 Easy Agricultural Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.4.4 Easy Agricultural Main Business Overview
13.4.5 Easy Agricultural Latest Developments
13.5 Illumitex
13.5.1 Illumitex Company Information
13.5.2 Illumitex Agricultural LED Product Portfolios and Specifications
13.5.3 Illumitex Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.5.4 Illumitex Main Business Overview
13.5.5 Illumitex Latest Developments
13.6 Fionia Lighting
13.6.1 Fionia Lighting Company Information
13.6.2 Fionia Lighting Agricultural LED Product Portfolios and Specifications
13.6.3 Fionia Lighting Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.6.4 Fionia Lighting Main Business Overview
13.6.5 Fionia Lighting Latest Developments
13.7 Lumigrow
13.7.1 Lumigrow Company Information
13.7.2 Lumigrow Agricultural LED Product Portfolios and Specifications
13.7.3 Lumigrow Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.7.4 Lumigrow Main Business Overview
13.7.5 Lumigrow Latest Developments
13.8 Kind LED Grow Lights
13.8.1 Kind LED Grow Lights Company Information
13.8.2 Kind LED Grow Lights Agricultural LED Product Portfolios and Specifications
13.8.3 Kind LED Grow Lights Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.8.4 Kind LED Grow Lights Main Business Overview
13.8.5 Kind LED Grow Lights Latest Developments
13.9 California LightWorks
13.9.1 California LightWorks Company Information
13.9.2 California LightWorks Agricultural LED Product Portfolios and Specifications
13.9.3 California LightWorks Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.9.4 California LightWorks Main Business Overview
13.9.5 California LightWorks Latest Developments
13.10 Spectrum King Grow Lights
13.10.1 Spectrum King Grow Lights Company Information
13.10.2 Spectrum King Grow Lights Agricultural LED Product Portfolios and Specifications
13.10.3 Spectrum King Grow Lights Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.10.4 Spectrum King Grow Lights Main Business Overview
13.10.5 Spectrum King Grow Lights Latest Developments
13.11 Valoya
13.11.1 Valoya Company Information
13.11.2 Valoya Agricultural LED Product Portfolios and Specifications
13.11.3 Valoya Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.11.4 Valoya Main Business Overview
13.11.5 Valoya Latest Developments
13.12 Weshine
13.12.1 Weshine Company Information
13.12.2 Weshine Agricultural LED Product Portfolios and Specifications
13.12.3 Weshine Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.12.4 Weshine Main Business Overview
13.12.5 Weshine Latest Developments
13.13 Apollo Horticulture
13.13.1 Apollo Horticulture Company Information
13.13.2 Apollo Horticulture Agricultural LED Product Portfolios and Specifications
13.13.3 Apollo Horticulture Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.13.4 Apollo Horticulture Main Business Overview
13.13.5 Apollo Horticulture Latest Developments
13.14 Kessil
13.14.1 Kessil Company Information
13.14.2 Kessil Agricultural LED Product Portfolios and Specifications
13.14.3 Kessil Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.14.4 Kessil Main Business Overview
13.14.5 Kessil Latest Developments
13.15 Cidly
13.15.1 Cidly Company Information
13.15.2 Cidly Agricultural LED Product Portfolios and Specifications
13.15.3 Cidly Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.15.4 Cidly Main Business Overview
13.15.5 Cidly Latest Developments
13.16 Heliospectra AB
13.16.1 Heliospectra AB Company Information
13.16.2 Heliospectra AB Agricultural LED Product Portfolios and Specifications
13.16.3 Heliospectra AB Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.16.4 Heliospectra AB Main Business Overview
13.16.5 Heliospectra AB Latest Developments
13.17 LEDHYDROPONICS
13.17.1 LEDHYDROPONICS Company Information
13.17.2 LEDHYDROPONICS Agricultural LED Product Portfolios and Specifications
13.17.3 LEDHYDROPONICS Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.17.4 LEDHYDROPONICS Main Business Overview
13.17.5 LEDHYDROPONICS Latest Developments
13.18 Ohmax Optoelectronic
13.18.1 Ohmax Optoelectronic Company Information
13.18.2 Ohmax Optoelectronic Agricultural LED Product Portfolios and Specifications
13.18.3 Ohmax Optoelectronic Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.18.4 Ohmax Optoelectronic Main Business Overview
13.18.5 Ohmax Optoelectronic Latest Developments
13.19 Zhicheng
13.19.1 Zhicheng Company Information
13.19.2 Zhicheng Agricultural LED Product Portfolios and Specifications
13.19.3 Zhicheng Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.19.4 Zhicheng Main Business Overview
13.19.5 Zhicheng Latest Developments
13.20 Noribachi
13.20.1 Noribachi Company Information
13.20.2 Noribachi Agricultural LED Product Portfolios and Specifications
13.20.3 Noribachi Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.20.4 Noribachi Main Business Overview
13.20.5 Noribachi Latest Developments
13.21 Greengage Lighting Ltd
13.21.1 Greengage Lighting Ltd Company Information
13.21.2 Greengage Lighting Ltd Agricultural LED Product Portfolios and Specifications
13.21.3 Greengage Lighting Ltd Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.21.4 Greengage Lighting Ltd Main Business Overview
13.21.5 Greengage Lighting Ltd Latest Developments
13.22 Beba-Lighting UK Limited
13.22.1 Beba-Lighting UK Limited Company Information
13.22.2 Beba-Lighting UK Limited Agricultural LED Product Portfolios and Specifications
13.22.3 Beba-Lighting UK Limited Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.22.4 Beba-Lighting UK Limited Main Business Overview
13.22.5 Beba-Lighting UK Limited Latest Developments
13.23 ONCE，Inc.
13.23.1 ONCE，Inc. Company Information
13.23.2 ONCE，Inc. Agricultural LED Product Portfolios and Specifications
13.23.3 ONCE，Inc. Agricultural LED Sales, Revenue, Price and Gross Margin (2018-2023)
13.23.4 ONCE，Inc. Main Business Overview
13.23.5 ONCE，Inc. Latest Developments
14 Research Findings and Conclusion