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Europe's grow light market forecast to 2021 illuminated by new report

Europe's grow light market forecast to 2021 illuminated by new report

The Europe Grow Light Market is worth USD0.63 billion in 2016 and estimated to grow at a CAGR of 8.5%, to reach USD0.94 billion by 2021.

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The Europe Grow Light market is developing at an exceptionally quick pace. Artificial sources of light are used for growth stimulation where there is lack of light source such as during winters when sunlight is not easily available.The amount of light that plants take is amplified by this simulated source of light.

Grow Light either repeat the emission spectrum similar to that of sun or according to the needs of the plant. They are used for various purposes like food production, horticulture, indoor gardening and plant propagation.

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Although grow lights are mostly used on industrial scale, they can used for household purposes also. 

The driving constituents for plant industrial facilities and grow lights showcase are the expanding interest for the capacity to develop locally and reliably, scarcity of space for cultivating particularly in urban communities, and the need to build the yield per unit range without hurting nature.. The opportunities in this market are fluctuating and can run from innovative technologies in grow lights, consolidated utilization of normal lighting with simulated lighting, building up a sun power based plant manufacturing plant to building numerous level plant production lines which would furthermore diminish space need.

Governments are also reassuring plant industrial facilities and grow lights for improving the generation.

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The Europe market for Grow Light is segmented on the basis of technology, type of installation, applications and region. Based on technology, the market is segmented into HID lights, fluorescent lights, LEDs, LEPs, induction lights.

Traditional lighting technologies like HID and fluorescent lighting (FL) are quite popular. LED grow light is a new technology in horticultural lighting and is proving to be far more effective than other lighting technologies.

Although LED grow lights are costly, their long-term advantages in terms of energy efficiency make them an ideal option. Based on type of installation, the market is segmented into new installation and retrofit installation.

Based on applications, the market is segmented into indoor farming, vertical farming, commercial greenhouses, rooftop farming, and others. 

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe was the leader in grow lights in 2016.

Within Europe, the Netherlands is a leading exporter of horticultural produce, grown within its numerous automated commercial greenhouses. The concept of vertical farming is also gaining popularity in Europe.

The increasing population in Europe is a major driver for the increasing indoor horticulture in this region. 

Royal Philips Electronics, OSRAM Licht AG, PAR source Lighting Solutions, Bridgelux, General Electric Company, Alta LED Corporation, Solarmax,Heliospectra,LumiFlow are the leaders in the Europe Grow Light market.

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