Europe Grow Lights Market Size & Industry Growth, 2022-2028

Europe Grow Lights Market Size, Share & Industry Trends Analysis Report By Spectrum, By Technology, By Application, By Installation Type (New Installation and Retrofit), By Offering, By Country and Growth Forecast, 2022 - 2028

Published Date: July-2022 | Number of Pages: 92 | Format: PDF | Report ID: KBV-19187

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Market Report Description

The Europe Grow Lights Market would witness market growth of 24.4% CAGR during the forecast period (2022-2028).

The plant's potential must be maximized by the light's spectrum. Growth rate, stretching, and photoperiodism effects also happen in particular light wavelengths and wavelength ratios. Current techniques of illumination, whether using metal halide, high-pressure sodium, or fluorescent light, have impeded plant development and reactions for a long time.

The grow lights can be recycled entirely, which makes them a more sustainable option than HID lights. HID lights contain a sizable amount of mercury, most of which is burned and is extremely harmful to the environment. The grow lights are free of these harmful components, which protects the plants from harm. By using grow lights to power the plants, one can create a highly controlled plant environment that significantly lowers the need for pesticides and chemical treatments.

Some of the plants might not be able to handle the strong UV, IR, direct sunshine, heat, and other lighting elements. A plant's leaves turning brown is a sign that it has been scorched by the strong sun, which can happen to some plants. These plants should also receive more water and energy in order to avoid their demise. However, using grow lights allows the plant owner to control the amount of heat they produce without reducing the wavelengths that plants require.

Europe has one of the strongest economies across the world, together with thriving sectors that result in more capital investment capabilities, which may be credited to the market's growth. For the past few decades, grow light systems have been used in this region to grow plants in commercial greenhouses. Europe's population has been growing quickly in recent years, and nations are importing frozen fruits and vegetables from markets in Africa and Asia. To reduce imports from other nations, along with having sufficient food for the population, the region needs to improve its production quantity.

The Germany market dominated the Europe Grow Lights Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $813.2 million by 2028.The UK market is anticipated to grow at a CAGR of 23.4% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 25.4% during (2022 - 2028).

Based on Spectrum, the market is segmented into Narrow and broad. Based on Technology, the market is segmented into Light Emitting Diode (LED), High Intensity Discharge (HID), Fluorescent and Others. Based on Application, the market is segmented into Commercial Greenhouse, Turf & Landscaping, Indoor Farming, Vertical Farming and Research & Others. Based on Installation Type, the market is segmented into New Installation and Retrofit. Based on Offering, the market is segmented into Hardware, Software and Services. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

Free Valuable Insights: The Global Grow Lights Market will Hit $11.2 Billion by 2028, at a CAGR of 26.1%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Signify N.V., Heliospectra AB, Gavita International B.V., California LightWorks (MWW Inc.), Valoya Oy, Hortilux Schréder (Dool Industries), Biological Innovation and Optimization Systems, LLC, GE Current, a Daintree company, Kroptek Ltd., and SANlight GmbH.

Scope of the Study

Market Segments Covered in the Report:

By Spectrum

  • Narrow
  • Broad

By Technology

  • Light Emitting Diode (LED)
  • High Intensity Discharge (HID)
  • Fluorescent
  • Others

By Application

  • Commercial Greenhouse
  • Turf & Landscaping
  • Indoor Farming
  • Vertical Farming
  • Research & Others

By Installation Type

  • New Installation
  • Retrofit

By Offering

  • Hardware
  • Software
  • Services

By Country

  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Key Market Players

List of Companies Profiled in the Report:

  • Signify N.V.
  • Heliospectra AB
  • Gavita International B.V.
  • California LightWorks (MWW Inc.)
  • Valoya Oy
  • Hortilux Schréder (Dool Industries)
  • Biological Innovation and Optimization Systems, LLC
  • GE Current, a Daintree company
  • Kroptek Ltd.
  • SANlight GmbH

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Related Reports:

Global Grow Lights Market Report 2022-2028

North America Grow Lights Market Report 2022-2028

Asia Pacific Grow Lights Market Report 2022-2028

LAMEA Grow Lights Market Report 2022-2028

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