Increasing Inclination Towards Indoor Farming Is A Key Factor Expected To Drive Growth Of The Global Led Grow Lights Market

A grow light which is also referred as an artificial light source, usually an electric light which is designed in order to stimulate growth of the plant by emitting adequate light for photosynthesis process. Integration of LED in grow lights aids to illumination. LED grow lights are composed of light-emitting diodes and usually do not require specific ballast and can be plugged directly into electric socket.

These lights are often used in such a places either lacking of natural source of light or where supplementary light is needed. For instance, in winter season the availability of sunlight is comparatively lower than other seasons, which may lead to lack of adequate sunlight required for desired growth of the plant, therefore, LED lights are used to extend the light required for growth of the plant. LED grow lights offers various benefits including lower heat generation and energy efficiency, which will fuel demand for LED lights among various end use applications.

The LED grow lights can be categorized in two types: High Power (≥300W) and Low Power (＜300W). The low power LED can be referred as more efficient than high power LED, owing to less emission of heat and can be used for longer time. Nevertheless, the requirement of heat can vary according to the requirement of the plants. High power LED can be used for commercial greenhouse, vertical farming, etc., as these type of farming requires more emission of heat, owing to large number of plants.

Increasing application of LED grow lights among indoor farming, vertical farming, commercial greenhouses is fueling growth of the global market.  Increasing popularity of indoor farming, favorable initiatives of governments authorities of various countries for adoption of LED lights are some of the major factors creating positive impact on global market growth. In addition, rising demand for long-lasting and energy-efficient lighting technology as a supplement for natural lighting for growth of the plan is a factor supporting growth of the global market.

However, high cost associated with installation of LED grow lights is one of the major factor which may hamper the global market growth.

Asia Pacific market for LED grow lights is expected to register significant growth, owing to availability of labor and raw materials at lower cost. In addition, increasing inclination towards indoor gardening will support growth of the LED grow lights market in this region. North America market is projected to register considerable growth, owing to quick adoption of new technologies.

Key trend observed in the market is increasing adoption of indoor farming is influencing growth of the global market.