Asia Pacific Grow Light Market

Asia Pacific Grow Light Market Size, Growth, Trends and Forecast:

The Asia Pacific Grow Light Market is worth USD 310 Million in 2021 and estimated to grow at a CAGR of 7.92%, to reach USD 450 Million by 2026. The Asia Pacific Grow Light market is developing at an exceptionally quick pace. For plant growth stimulation growth light or artificial lights are used. Generally these lights are used where there is no sufficient amount of light present.

 The amount of light that plants get is amplified by this artificial source of light. Grow Light either imitate the emission spectrum similar to that of sun or according to the requirements of the plant. They are used for various purposes like food production, indoor gardening, horticulture, and plant propagation. Although grow lights are mostly used on industrial scale, they can used for household purposes also.

Asia Pacific Grow Light Market Drivers:

The driving factors for industrial plants and grow lights show growing 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 adapted power based plant manufacturing plant to building numerous level plant production lines which would additionally diminish space necessity. Governments are similarly reassuring plant industrial facilities and grow lights for improving the generation.

Asia Pacific Grow Light Market Segmentation:

Asia Pacific Grow Light Market – By Technology:

• 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.

Asia Pacific Grow Light Market – By Type of Installation:

• new installation
• retrofit installation

Asia Pacific Grow Light Market – By Applications:

• indoor farming
• vertical farming
• commercial greenhouses
• rooftop farming
• others

Geographical Analysis:

Asia Pacific is geographically segmented into China, India, Japan, South Korea, Taiwan, Australia and South East Asia. China and India are likely to increase the market because of huge population.

Key Players:

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 Asia Pacific Grow Light market.