LED Lighting Horticulture Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026

1. LED Lighting Horticulture Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018–2026 LED Lighting Horticulture Market study provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players. LED lighting horticulture market is directly addressed to the businesses associated with the commercial, indoor and R&D activities associated with plants, which is in contrast of the feld farming and animal husbandry. These addressable segments are directly dependent on the presence of sunlight for the crops growth. However, with the increase in global population and lack of adequate sunlight in regions that include North Central Europe and Nordic countries, requirement of additional production of vegetables, fruits, medicines and other agricultural products is expected to drive the demands for these industry products. Browse Complete Report For More Information @ https://www.coherentmarketinsights.com/ongoing-insight/led-lighting-horticulture- market-668 Increased power saving features of LED lights will present lucrative product demands through the forecast period Industry is largely characterized by the presence of conventional alternatives such as fuorescent and high pressure sodium (HPS) products. These products are featured with high power consumption, these in turn lead to heavy electricity bills and lower proft margins for commercial applications. However, horticulturists are increasingly encouraging the use of LED lighting for

2. applications owing to the related power savings, optimum plant light outputs and considerably longer lifecycles up to 5X the conventional products. These factors are expected to provide major traction to the LED Lighting Horticulture market during the next few years. Moreover, rather than increasingly focusing on the commercial sales of the products, major industry participants that include Philips Lighting and Osram Sylvania are increasingly focusing on awareness through investing in trial projects. For instance, Philips has already made signifcant investments in Europe, Americas and Asia Pacifc for several such projects to gain higher consumer inclinations. Moreover, ofering products with 3 to 5 years warranty is expected to garner higher consumer inclinations over the long run. Low light intensity is the major drawback that will restrain the growth of LED lighting horticulture market Conventional alternatives that includes specifcally includes HPS are associated with additional costs owing to their short lifecycles, requirement to alter the lights almost every year and high labor costs. However, these are expected to remain in the industry for long owing to their high intensity and low light degradation that is 1% every thousand hours of utilization. However, long term warranties of the LED counterparts only ensures only 70% of the initial lumen output over its lifecycle. This is expected to remain as the major restraining factor for the industry over the forecast period. Moreover, low overall initial outputs also require the plants to be located in the close proximity. This in turn can lead to blocking of the naturally available sunlight, which may lead to 24 hours requirement of these lights. This may hamper the overall yield up to 30% which is not ideal for growers who want to maintain the annual yield which may in turn lead to decreased consumer inclinations. These factors are anticipated to be most likely be dealt with the utilization of increased intensity with certain product developments over the next few years. Moreover, aforementioned benefts outweigh these drawbacks and LED lighting horticulture market is expected to gain highest traction over the coming years. U.S. is expected to remain the most lucrative regional business segment owing to the unfavorable climatic conditions for conventional agriculture methodology U.S has legalized the cultivation of marijuana in locations away from public spaces, along with certain other countries in the Americas. In conjunction with this demands for high nutrition foods, will drive the requirement for vegetable and fruits over the next few years. Owing to unfavorable weather conditions, requirements to meet these demands, construction of commercial greenhouses and LED lighting equipment will drive the market growth through the forecast period. Chief industry participants in the LED lighting horticulture market include Fluence Bioengineering, Cree, Illumitex, Kessil Lighting, Heliospectra, Hubbell Lighting, LumiGrow, Lemnis Oreon, Osram Sylvania and Smart Grow Technologies. Industry is expected to be characterized by the next generation product launches to garner higher consumer inclinations. For instance, in

3. January 2014, Philips Lighting launched LED toplighting range for commercial applications, which was featured with relatively higher efciency than the other available LED modules. LED Lighting Horticulture Market Taxonomy On the basis of application, the global LED lighting horticulture market is classifed into: •R&D •Personal •Commercial (greenhouse) For In depth Information Get Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/668 About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting frm ofering action- ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com