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Europe Greenhouse Grow Light Market Revenue Increased to USD 1.80 billion by 2021

Europe Greenhouse Grow Light Market was worth USD 1.20 billion in 2016 and estimated to be growing at a CAGR of 12.10%, to reach USD 2.13 billion by 2021. Grow lights, particularly LEDs are used in a huge range of farming-related applications, owing to the advantages they offer such as high low power consumption, reliability, and spectral intensity.

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A greenhouse is a house made of glass. It has glass walls and a glass roof. People grow tomatoes and flowers and other plants in them. A greenhouse stays warm inside, even during winter. Sunlight shines in and warms the plants and air inside.

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The Europe Greenhouse Grow Light market is driven by the rise in adoption of greenhouses, owing to rapid innovation in technology and rising disposable incomes of people willing to invest in farming. Technological innovations have further helped in lowering the costs of necessary Grow Light which aids in increasing the feasibility of owning a greenhouse. The adoption of greenhouse adoption technologies and encouragement from governments also act as drivers of market growth.

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Market Segmentation
• Introduction
• Partial Spectrum
• Full Spectrum
• Y-o-Y Growth Analysis, By Spectrum
• Market Attractiveness Analysis, By Spectrum
• Market Share Analysis, By Spectrum
• Introduction
• New Installation
• Retrofit
• Y-o-Y Growth Analysis, By Installation
• Market Attractiveness Analysis, By Installation
• Market Share Analysis, By Installation
• Introduction
• Indoor Farming
• Vertical Farming
• Greenhouse
• TURF and Landscaping
• Other Applications
• Y-o-Y Growth Analysis, By Application
• Market Attractiveness Analysis, By Application
• Market Share Analysis, By Application
• Introduction
• High-Intensity Discharge
o High Pressure Sodium Lamp
o Metal Halide Lamp
• Fluorescent Lighting
o T5
• Other Technologies
• Y-o-Y Growth Analysis, By Technology
• Market Attractiveness Analysis, By Technology
• Market Share Analysis, By Technology

The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. As of 2016, Europe holds the largest share in the global market share analysis, owing to the head start that greenhouse culture has in Europe, as it all started here because of favourable climate conditions. The rapid growth in technological innovations is set to further boost the market growth in Europe.

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The major players operating in the Europe Greenhouse Grow Light industry include Royal Philips, General Electric Company, Osram Licht AG, Gavita Holland B.V, Lumigrow Inc., Heliospectra Ab., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., and Sunlight Supply Inc.

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News Release: Europe Greenhouse Grow Light Market Revenue Increased to USD 1.80 billion by 2021
Submitted on: November 29, 2017 11:29:16 AM
Submitted by: nitesh
On behalf of: