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DUBLIN , July 4, 2022 /PRNewswire/ -- The "Global LED Grow Light Market (2022-2027) by Spectrum, Wattage, Installation Type, Application, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global LED Grow Light Market is estimated to be USD 2.16 Bn in 2022 and is projected to reach USD 4.97 Bn by 2027, growing at a CAGR of 18.12%.
Market dynamics are forces that impact the prices and behaviors of the Global LED Grow Light Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals. As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are AeroFarms, Agnetix, Black Dog LED, Bridgelux Inc, CreeLED Inc, General Electric Company, Heliospectra AB, etc. Countries Studied
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc. Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global LED Grow Light Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach. The analyst analyses the Global LED Grow Light Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position. Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth. Why buy this report?
Key Topics Covered: 1 Report Description 2 Research Methodology 3 Executive Summary 4 Market Dynamics 4.1 Drivers 4.1.1 Rising Trend of Indoor Farming Would Boost the Adoption of LED Grow Lights 4.1.2 Government Regulations Favoring Growth of LED Technology 4.1.3 Need for Energy-Efficient and Long-Lasting Lighting Technology 4.2 Restraints 4.2.1 Purchasing of Good Quality LED Grow Lights Can Be Very Costly for Growers 4.3 Opportunities 4.3.1 Retrofitting of Conventional Lighting Technologies with LED Grow Lights 4.3.2 Emergence of Vertical Farms in Urban Areas 4.4 Challenges 4.4.1 Absence of Standard Testing Practices for Assessing the Quality of LED Products 5 Market Analysis 5.1 Regulatory Scenario 5.2 Porter's Five Forces Analysis 5.3 Impact of COVID-19 5.4 Ansoff Matrix Analysis 6 Global LED Grow Light Market, By Spectrum 6.1 Introduction 6.2 Narrow 6.3 Broad 7 Global LED Grow Light Market, By Wattage 7.1 Introduction 7.2 Low Power 7.3 Medium Power 7.4 High Power 8 Global LED Grow Light Market, By Installation Type 8.1 Introduction 8.2 New Installation 8.3 Retrofit 9 Global LED Grow Light Market, By Application 9.1 Introduction 9.2 Indoor Farming 9.3 Commercial Greenhouse 9.4 Vertical Farming 9.5 Turf and Landscaping 9.6 Others 10 Americas' Global LED Grow Light Market 10.1 Introduction 10.2 Argentina 10.3 Brazil 10.4 Canada 10.5 Chile 10.6 Colombia 10.7 Mexico 10.8 Peru 10.9 United States 10.10 Rest of Americas 11 Europe's Global LED Grow Light Market 11.1 Introduction 11.2 Austria 11.3 Belgium 11.4 Denmark 11.5 Finland 11.6 France 11.7 Germany 11.8 Italy 11.9 Netherlands 11.10 Norway 11.11 Poland 11.12 Russia 11.13 Spain 11.14 Sweden 11.15 Switzerland 11.16 United Kingdom 11.17 Rest of Europe 12 Middle East and Africa's Global LED Grow Light Market 12.1 Introduction 12.2 Egypt 12.3 Israel 12.4 Qatar 12.5 Saudi Arabia 12.6 South Africa 12.7 United Arab Emirates 12.8 Rest of MEA 13 APAC's Global LED Grow Light Market 13.1 Introduction 13.2 Australia 13.3 Bangladesh 13.4 China 13.5 India 13.6 Indonesia 13.7 Japan 13.8 Malaysia 13.9 Philippines 13.10 Singapore 13.11 South Korea 13.12 Sri Lanka 13.13 Thailand 13.14 Taiwan 13.15 Rest of Asia-Pacific 14 Competitive Landscape 14.1 Competitive Quadrant 14.2 Market Share Analysis 14.3 Strategic Initiatives 14.3.1 M &A and Investments 14.3.2 Partnerships and Collaborations 14.3.3 Product Developments and Improvements 15 Company Profiles 15.1 AeroFarms 15.2 Agnetix 15.3 Black Dog LED 15.4 Bridgelux Inc 15.5 CreeLED Inc 15.6 General Electric Company 15.7 Heliospectra AB 15.8 Hortilux Schreder 15.9 Hydro Grow 15.10 Koninklijke Philips N.V 15.11 Lumigrow Inc 15.12 Luna Innovations Inc 15.13 Osram Licht AG 15.14 Shenzhen Gehl Lamps Co. Ltd 15.15 Signify Holding B.V. 15.16 Sollum Technologies 15.17 Sunlight Supply Inc 15.18 Thrive Agritech Inc 15.19 Urban Crop Solutions 15.20 Valoya Ltd 15.21 VividGro 16 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/q7z9xo
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