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#Smart Horticulture Led Lighting Market Share
researcher1008 · 2 days
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Smart Horticulture Led Lighting Market Research Report, Drivers, Opportunities and Trends by 2032 | Reed Intelligence
Smart Horticulture Led Lighting Market Insights
Reed Intelligence has recently published a new report titled ""Global Smart Horticulture Led Lighting Market."" This comprehensive report delves into crucial aspects of the Bluetooth fingerprint scanner industry, offering valuable insights for both established and new market participants. It covers key factors such as market share, profitability, production, sales, manufacturing processes, advertising strategies, technological innovations, major industry players, and regional market breakdowns, among other important details.
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Smart Horticulture Led Lighting Market Share by Key Players
PlantLab
Spread Co.
Bowery Farming
InFarm
Plenty
Gotham Greens
AgriCool
CropOne
AeroFarms
Lufa Farms
Sky Greens
Mirai
Green Sense Farms
Scatil
TruLeaf
Sky Vegetables
The report also covers several important factors including strategic developments, government regulations, market analysis, and the profiles of end users and target audiences. Additionally, it examines the distribution network, branding strategies, product portfolios, market share, potential threats and barriers, growth drivers, and the latest industry trends.
Smart Horticulture Led Lighting Market Segmentation
The report on the Global Smart Horticulture Led Lighting Market offers a thorough segmentation by type, applications, and regions. It details production and manufacturing data for each segment over the forecast period from 2024 to 2032. The application segment focuses on the different uses and operational processes within the industry. Analyzing these segments will provide insights into the various factors contributing to market growth and their significance.
The report is segmented as follows:
Segment by Type
Hydroponic Cultivation
Aeroponic Cultivation
Segment by Application
Direct Retail
Food Service
Smart Horticulture Led Lighting Market Segmentation by Region
North America
U.S
Canada
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
Australia
South Korea
Latin America
Brazil
Middle East & Africa
UAE
Kingdom of Saudi Arabia
South Africa
Get Detailed Segmentation @ https://reedintelligence.com/market-analysis/global-smart-horticulture-led-lighting-market/segmentation
The market research report on the Global Smart Horticulture Led Lighting Market has been thoughtfully compiled by examining a range of factors that influence its growth, including environmental, economic, social, technological, and political conditions across different regions. A detailed analysis of data related to revenue, production, and manufacturers provides a comprehensive view of the global landscape of the Smart Horticulture Led Lighting Market. This information will be valuable for both established companies and newcomers, helping them assess the investment opportunities in this growing market.
Key Highlights
The report delivers essential insights into the Global Smart Horticulture Led Lighting Market.
The report covers data for the years 2024-2032, highlighting key factors that impact the market during this period.
It emphasizes technological advancements, government regulations, and recent market developments.
The report will explore advertising and marketing strategies, examine market trends, and provide detailed analysis.
The report includes growth analysis and forecasts, with predictions extending up to the year 2032.
The report highlights a detailed statistical analysis of the key players in the market.
It presents a comprehensive and extensively researched overview of the market.
Buy Smart Horticulture Led Lighting Market Research Report @ https://reedintelligence.com/market-analysis/global-smart-horticulture-led-lighting-market/buy-now
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amrutatbrc1 · 3 days
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Light Emitting Diode (LED) Market 2024 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2033
The light emitting diode (led) global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
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Light Emitting Diode (LED) Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The light emitting diode (led) market size has grown strongly in recent years. It will grow from $78.35 billion in 2023 to $85.7 billion in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to energy efficiency awareness, environmental regulations, cost reduction, urban and street lighting projects.
The light emitting diode (led) market size is expected to see strong growth in the next few years. It will grow to $114.04 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to smart lighting and iot, sustainability and green buildingg, health and well-being, electric vehicle (ev) adoption, customized and high-cri lighting:. Major trends in the forecast period include human-centric lighting, miniaturization, architectural and decorative lighting, horticultural lighting, li-fi technology.
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The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers - The increased government focus on saving energy contributed to the growth of the light emitting diode (LED) market. LED lamps are more efficient in terms of energy consumption and provides high luminous intensity. LED consumes less power when compared to incandescent bulbs that reduces the load on electric power plants, which in turn reduces the amount of fuel being burnt to generate electricity. For instance, in April 2023, the U.S. Department of Energy (DOE), launched energy savings hub. This hub provides clean energy tax credits and upcoming rebates right at the fingertips of Americans, assisting them in taking control of their energy costs and giving them access to cleaner, more efficient consumer options whether they want to buy an electric vehicle, replace an appliance, or improve the safety and comfort of their home. Thus, the increased focus of government on saving energy positively drives the growth of LED market .
The light emitting diode (led) market covered in this report is segmented –
1) By Product Type: LED Lamps, LED fixtures 2) By Technology: Basic LED, High Brightness LED, OLED, Polymer, Ultra violet LED 3) By End-user: Residential, Commercial, Industrial
Get an inside scoop of the light emitting diode (led) market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=2767&type=smp
Regional Insights - Asia-Pacific was the largest region in the light emitting diode market in 2023. North America was the second-largest region in the light emitting diode market. The regions covered in the light emitting diode (led) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies - Major companies operating in the light emitting diode (led) market include OSRAM Licht AG, Cree Inc., Philips Lighting Holding (Signify), Lumileds Holding B.V., Cooper Industries, Virtual Extension, Dialight plc, Zumtobel Group AG, Samsung Group, Sharp Corporation, LG Innotek, General Electric Company (GE), Everylight Electronics Co. Ltd., Nichia Corporation, Broadcom Inc., Toyota Motor Corporation, Mercedes-Benz, Plessey Semiconductors Ltd., Seoul Semiconductor Co. Ltd., Moritex Corporation, STMicroelectronics, Texas Instruments Incorporated, ROHM Semiconductors, Koninklijke Philips N.V., Epistar Corporation, Sanan Optoelectronics Co. Ltd., MLS Co. Ltd., Toyoda Gosei Co. Ltd., Stanley Electric Co. Ltd., Citizen Electronics Co. Ltd., Vishay Intertechnology Inc., Lumens Co. Ltd., Formosa Epitaxy Inc., Genesis Photonics Inc., Edison Opto Corporation, Lextar Electronics Corporation, Opto Tech Corporation, Lite-On Technology Corporation, Bright LED Electronics Corporation, Kingbright Electronic Co. Ltd., Litecontrol Corporation, LEDVANCE GmbH, GE Lighting
Table of Contents 1. Executive Summary 2. Light Emitting Diode (LED) Market Report Structure 3. Light Emitting Diode (LED) Market Trends And Strategies 4. Light Emitting Diode (LED) Market – Macro Economic Scenario 5. Light Emitting Diode (LED) Market Size And Growth ….. 27. Light Emitting Diode (LED) Market Competitor Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis 30. Appendix
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kenresearchcompany · 2 years
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Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research
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What is the Expected Future Outlook for the Overall Global UV LED Market Across the globe?
The Global UV LED market was valued at USD ~billion in 2022P and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022P-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.
The Global UV LED market is driven by factors such as increasing adoption of smart home devices across countries. The growing trend of horticulture and indoor farming in developing countries. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.
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Increasing government energy-saving policies, and strategies are one of the major factors propelling UV LED market growth.
For instance, in August 2022, the U.S. Department of Energy, an executive department of the U.S. federal government, released two reports focused on better understanding the current state and viability of commercial ultraviolet (UV) LED products. First, initial UV LED standards and distinctions with white LEDs, followed by an operating lifetime study of UV LED products.
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With the increasing innovation and technology, the Global UV LED market is changing rapidly. For instance, In May 2022, Fujifilm, a Japanese photography company, launched the Active Hybrid LED UV retrofit system, to be installed on new presses or retrofitted to existing equipment by label and packaging converters. In addition, the system combines high-power, low-heat LED UV curing technologies with Fujifilm's ink expertise to strengthen label production on narrow web presses. Furthermore, in April 2022, Intertronics, a UK-based distribution company, launched its new range of LED UV curing flood lamps, namely the 'DymaxBlueWave FX-1250 LED UV Curing Flood Lamp,' which can cure LED matched UV curable adhesives, coatings, and inks with high uniformity, irradiances UV light.
The Global UV LED Market is forecasted to continue an exponential growth that is witnessed since 2017. The major driving factors contributing to the expansion of UV LEDs is increasing prevalence of water-borne diseases across countries, along with the Increasing government energy-saving policies, and strategies. Though the market is highly competitive with around ~500 participants, few country-niche players control the dominant share and regional players also hold a significant share.
By Product Type
UV-A
UV-B
UV-C
By Application
Light/UV Curing
Medical Field
Disinfection/Purification
Counterfeit Detection
By End User
Healthcare
Residential
Industrial
Commercial
By Geography
North America
S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea Rest of Asia Pacific
LAMEA
Latin America
Middle East
Africa
Key Players
Koninklijke Philips N.V.
Nichia Corporation
Nordson Corporation
Phoseon Technology
SemiLEDs Corporation
Seoul Semiconductor Co. Ltd.
Crystal IS, Inc.
Lumileds Holding B.V.
G Electronics
Sensor Electronics Technology
For more information on the research report, refer to the below link:
Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research
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industry365 · 3 years
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Smart Agriculture Market Is Expected To Reach New Growth Revenues During 2021-2028
The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2019 to 2026, as per a new research report published by Polaris Market Research. The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.
During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.
Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.
Download sample: https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market/request-for-sample
North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.
Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.
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Polaris Market Research has segmented the global Smart Agriculture market on the basis of component, Application and region:
Smart Agriculture by Component Outlook (Revenue, USD Million, 2016 – 2026)
Hardware
Software
Services
Smart Agriculture by Application Outlook (Revenue, USD Million, 2016 – 2026)
Precision Farming
Yield Monitoring
Soil Monitoring
Irrigation System
Fish Farming
Horticulture
Livestock Monitoring
Smart Greenhouse
Others
Smart Agriculture by Region Outlook (Revenue, USD Million, 2016 – 2026)
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
U.S.
Canada
Mexico
Germany
UK
France
Italy
China
India
Japan
Brazil
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udaycmi · 3 years
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Smart Agriculture Market Demand, Business Growth, Statistics and Research Methodology
The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2019 to 2026, as per a new research report published by Polaris Market Research. The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.
During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.
Get Sample copy of this report: https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market/request-for-sample
Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.
North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.
Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.
Request For Discount: https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market/request-for-discount-pricing
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world
Contact us
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karishmamulani · 3 years
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Smart Agriculture Market Size, Evolving Opportunities, Covid-19 Impact, Strategies And Forecast
Global Smart Agriculture Market Latest Trends
The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2019 to 2026, as per a new research report published by Polaris Market Research. The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.
During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.
Get Sample Copy @  https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market/request-for-sample
Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.
North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.
Get Special Discount On this Research Report : https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market/request-for-discount-pricing
Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.
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royjessan · 4 years
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Vertical Farming Market Trends by Key Players, End User, Demand, Analysis Growth and Forecast 2027
A new comprehensive research Study is added in Data Bridge Market Research’s database of 350 pages, titled as “Vertical Farming Market” study with 100+ market data Tables, Pie Chat, Graphs & Figures. All the data and information gathered in the Vertical Farming report is studied and analysed with the demonstrated tools and techniques such as SWOT analysis and Porter’s Five Forces analysis. This Vertical Farming report has several aspects of marketing research and analysis for ABC industry which includes market size estimations, market dynamics, company & market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings.
The research and analysis conducted in Vertical Farming report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This report has been designed in such a way that it provides very evident understanding of the business environment and Vertical Farming industry. Nevertheless, this global market research report unravels many business problems very quickly and easily. Due to high demand and the value of market research for the success of different sectors, Vertical Farming Market report is provided that covers many work areas.
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Market expectations for likely development openings have been mentioned clearly in this world class Vertical Farming Market research report. Competition analysis has been taken into account while preparing this report. A market analysis has turned into a vital piece of every business to settle on smart choices in the organizations which have been viably carried by experienced analysts. This market report provides best solutions for strategy development and implementation depending on client’s needs to extract tangible results. Businesses can bring about an absolute knowhow of general market conditions and tendencies with the information and data covered in this Vertical Farming Market report.
The vertical farming is performed in indoor conditions where vertically stacked trays are used to grow plants with the help of artificial lighting. This is being utilized for manufacturing various crop such as latus, cabbage and other leafy vegetables effectively. Vertical farming is considered to be the more sustainable and revolutionary method of agriculture than traditional agriculture and greenhouse farming. It requires very less water and saves considerable soil and space. This farming method is useful in challenging environments such as cities, mountainside towns and deserts.
Global vertical farming market is projected to register healthy CAGR of 23.5% in the forecast period of 2019 to 2026.
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Segmentation: Global Vertical Farming Market
Global vertical farming market is segmented into six notable segments that are growth mechanism, structure, type, application, crop type and component.
On the basis of growth mechanism, the market is segmented into aeroponics, hydroponics, and aquaponics
In June 2019, Sky Greens has tasted the feasibility of exhibiting vertical farms on the rooftop of schools, multi-storey carparks and Housing Development Board (HDB) buildings. This development helps the company to increase the customer base.
On the basis of structure, the market is segmented into building-based and shipping container
In April 2019, Bowery Farming Inc. indoor farming company announced the development in the sales strategy. The Bowery products will now available with two grocery delivery services such as amazon fresh and peapod. The company will increase the customer base mostly in urban population and revenue through this strategy.
On the basis of type, the market is segmented into biopesticides, biostimulants and biofertilizers
In November 2018, Fluence by OSRAM has been awarded as top lighting company of 2018 in Canadian Cannabis Awards. This award will help the company to get worldwide recognition in horticulture lighting.
On the basis of application, the market is segmented into indoor and outdoor
In July 2018, Agrilution, a complete vertical farming ecosystem provider has been awarded at Green Product Award 2018 event. The plantcube product brought the innovation in urban farming and the award is given for the intelligent water supply technology. This award recognition will increase the company brand value in the market.
On the basis of crop type, the market is segmented into leafy green, pollinated plants and nutraceutical plants
In March 2018, EVERLIGHT ELECTRONICS CO., LTD demonstrated its 5630X-ELB LED series and horticulture fit LEDs as well as other lighting products, such as luminaires for fish and horticulture lighting. These lightings have advantages such as luminous stability and efficiency to provide best possible solution for industrial, professional, and commercial applications. This development will help the company to enhance their product portfolio.
On the basis of component, the market is segmented into lighting, hydroponic components, climate control and sensors
In February 2017, Philips Lighting and Ecobain Gardens band up together to build first commercial vertical farm operation in Canada. This will improve crop quality and consistency. Through this partnership, Philips lighting help Ecobain to accelerate growing cycle and improve the production at commercial scale. This partnership will give attractive return on investment to customers through healthier and nutrient rich food which results in attracting new customers.
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Competitive Analysis
Some of the major players operating in global vertical farming market are AeroFarms, Gills N Claws Pte Ltd, Illumitex Inc., MOFLO aeroponics, Sky Greens, SPREAD Co., Ltd., Triton Foodworks, ZipGrow Inc., Urban Crop Solutions, AmHydro, EVERLIGHT ELECTRONICS CO., LTD., Agrinamics., CropOne, PLENTY UNLIMITED INC, OSRAM GmbH, Valoya, Signify Holding, HELIOSPECTRA AB, Altius Farms, CubicFarm Systems Inc., Agrilution, Green Sense Farms Holdings, Inc., Bowery Farming, Inc., Infarm, among others.
Product Launch
In June 2019, Signify Holding launched Philips GreenPower LED top lighting compact for European market. This is a passively cooled LED top lighting comes in compact size and is a great replacement for HPS lighting. This light help to increase their productivity and decrease the energy cost. This product launch helps the company to increase their product offering and attract new customers.
In May 2019, Fluence by OSRAM launched horticultural led lighting solutions to European and Middle East and Africa (EMEA) market. These full-spectrum LED lights will replace the traditional lighting and will help the growers to produce high-quality crops. This will help OSRAM to increase its customer base in European as well as Middle East and Africa (EMEA) market.
In February 2019, Illumitex Inc. launched HarvestEdge XO Extra Output (XO) LED Horticultural Fixture. This product is an alternative for high-pressure sodium (HPS) lighting solutions. This development helps the company to cater more customers through wide range of products and generates more revenue.
The Vertical Farming Market report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the Vertical Farming Market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyses the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Vertical Farming Market.
How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2027.
Exclusive insight into the key trends affecting the Vertical Farming Market industry, although key threats, opportunities and disruptive technologies that could shape the Global Vertical Farming Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Vertical Farming Market
The data analysis present in the Vertical Farming Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Vertical Farming Market
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Strategic Points Covered in TOC
Chapter 1: Introduction, market driving force product scope, market risk, market overview, and market opportunities of the global Vertical Farming market
Chapter 2: Evaluating the leading manufacturers of the global Vertical Farming market which consists of its revenue, sales, and price of the products
Chapter 3: Displaying the competitive nature among key manufacturers, with market share, revenue, and sales
Chapter 4: Presenting global Vertical Farming market by regions, market share and with revenue and sales for the projected period
Chapter 5, 6, 7, 8 and 9: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions
In the end, the Vertical Farming market is analysed for revenue, sales, price, and gross margin. These points are examined for companies, types, applications, and regions.
To summarize, the global Vertical Farming market report studies the contemporary market to forecast the growth prospects, challenges, opportunities, risks, threats, and the trends observed in the market that can either propel or curtail the growth rate of the industry. The market factors impacting the global sector also include provincial trade policies, international trade disputes, entry barriers, and other regulatory restrictions.
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globalmarketreports · 4 years
Text
LED Driver Market Size, Share, Demand, Growth and Forecast Report to 2027
Global LED Driver Market was valued at USD 10.2 billion in 2019 which is expected to reach USD 59.82 billion by 2027 at a CAGR 24.8 %.
LED driver is the power supply that modulates the power required to energize the LEDs or arrays of LEDs. These drivers are used to rectify the AC to DC (alternating current into direct current), as it works on direct current (DC). LED drivers are able to prevent the circuitry from overfeeding as it is a current driven component. These are widely used in various industries such as automotive, general, and back lighting.
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Market Drivers
Continuous technological advancement in lighting components has enabled energy-efficiency and improved performance which is expected to increase the demand for LED driver during this forecast period. Furthermore, increase in penetration of LED lightings in several applications like outdoor, automotive, industrial, and horticulture will positively contribute the market growth. Also, increase in research and development activities by key competitors for improvement of existing lighting solutions expected to drive the market. Governments of many countries are investing on smart city developments and technologically advanced and sustainable living spaces which expected to fuel the market growth. In addition to that, rise in demand for IOT based smart lighting solutions is growing will significantly led the market growth.
Market Restraints
However, high cost of installation for LED drivers is the major challenging factor which is expected to hinder the global LED Driver market growth. Also, lack of common standards among various manufacturers will affect the global LED driver market growth during this forecast period.
Market Key Players
Various key players are discussed in this report such as Koninklijke Philips N.V., Texas Instruments, Inc, Osram GmbH, Maxim Integrated, Inc., Harvard Engineering, Atmel Corporation, Macroblock, Inc., General Electric, and Cree, Inc.
Market Taxonomy
By Driver Method
Constant Voltage LED Driver
Constant Current LED Driver
By Luminaire Type
Decorative Lamps
Integral LED Modules
Reflectors
T-Lamps
Type A-Lamps
By End User
Residential Lighting
Outdoor & Traffic Lighting
Industrial Lighting
Commercial Lighting
Others
By Region
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition.
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researcher1008 · 2 days
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Smart Horticulture Led Lighting Market Research Report, Drivers, Opportunities and Trends by 2032 | Reed Intelligence
The Global Smart Horticulture Led Lighting Market Size is projected to grow at CAGR of approximately 13.3% during the forecast period. Smart horticulture LED lighting refers to the use of LED lights for the purpose of growing plants in an indoor environment. These lights provide the necessary light spectrum for optimal plant growth and can be controlled and adjusted through smart technology. 
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technogeekstmr · 5 years
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LED Packaging Market 2019 Strong Development By Key Players, Emerging Technology and Forecasts to 2027 | TMR
The LED packaging market is highly competitive and diversified. The market comprises various regional, local, and international players. The competition in the market is expected to intensify in the coming years owing to international and local players competing extensively on price point.
There are many factors driving the global LED packaging market. The encouraging regulatory environment provided by governments around the world is expected to be a major driver of the market. These government initiatives are mostly in the form of subsidies and tax cuts to help increase the production of energy-efficient LEDs particularly in Asian countries. The increasing demand for smart lighting solutions is expected to further push the market. Moreover, there has been a steady demand for LED lights from the horticulture market in recent years which is expected to further boost the growth of the market.
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There are however some factors that are restraining the market’s growth. The market in recent years has seen an increasing number of companies entering and making the market highly competitive. High competition in the market compels market entities to adopt more cost cutting measures which in turn affects the overall quality of the product. The growing number of LED manufacturers has led to the market becoming saturated and leaves little room for innovation. This factor is expected to emerge as a major restraint of the market.
The global LED packaging market can be segmented on the basis of type, packaging material, application, and geography. On the basis of type, the market can be classified into lamp-LED, TOP-LED, side-LED, SMD-LED, high-power-LED, and flip chip-LED. High-power-LED sub segment is anticipated to expand at a rapid pace owing to the increasing focus on integrating them with smart lighting and building technologies in commercial spaces. The said segment is also expected to be driven by the miniaturization and increasing reliability of such lightings. On the basis of packaging material, the market can be categorized into plastic, paper & paperboard, ceramic packages, nanoceramics, silicones materials, and epoxy molding compound (EMC).  The ceramic packages sub segment is expected to hold a major share of the market while also growing at a substantial rate owing to their ease of integration into level 2 packaging. The major share of ceramic packages is also due to their thin profile, low package footprint, and reduced weight. On the basis of application, the market can be segmented into general lighting, automotive lighting, and backlighting. The backlighting sub-segment is expected to hold a major share of the market throughout the forecast period owing to the increased demand from Taiwan.
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On the basis of geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific is expected to hold a major share of the market with China, Japan, Taiwan, and South Korea providing most of the revenue owing to the presence of key industry players. Additionally, the encouraging regulatory policies adopted by the government in China through incentives and subsidies to enhance domestic production capacity is expected to be a major driver of growth. Asia Pacific region is expected to be followed by North America and Europe. Regions like South America and Middle East & Africa are expected to hold a minor share of the market.
The major players in the global LED packaging market are Lumenpulse AlphaLED, Nichia Corporation, Samsung Corporation, OSRAM Light AG, Seoul Semiconductors Co. Ltd., Philips Corporation, Stanley Electric Co. Ltd., Toyoda Gosei Co. Ltd., and Cree Inc. Other prominent market players include TT Electronics Plc, Kulicke and Soffa Industries, Inc., Dow Corning, LG Innotek, Lumileds, Everlight Electronics Co., Ltd. and Epistar Corp.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market  
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhocreports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
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kenresearchcompany · 2 years
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Global UV LED Market is expected to reach a market size of ~US$ 1,100 million by 2028: Ken Research
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What Is the Size of Global UV LED Industry?
Global UV LED market is growing at a CAGR of ~% in 2017-2022P and is expected to reach ~USD Bn by 2028F.
The UV LED Market is largely driven by increasing adoption of smart home devices across countries and the growing trend of horticulture and indoor farming in developing countries.
Rising individual awareness for the importance of drinking intensely treated water due to the increasing prevalence of water-borne diseases worldwide drives demand for UV-powered LED water purification technology/systems.
For instance, according to a study on Environmental Research and Public Health conducted by the Multidisciplinary Digital Publishing Institute (MDPI), a Switzerland-based -access journals, in 2021, nearly 1.5 million individuals die globally from water-borne diseases (WBDs) every year.
UV LEDs are considerably more expensive technology than other alternatives due to their higher ink cost, which is made primarily with a special photo initiator and formulation, which might hinder its market growth.
The ongoing Covid-19 pandemic, the UV LED market is witnessing a significant surge in demand due to its usage in disinfecting surfaces and germ-killing properties. Numerous industry verticals have increasingly adopted the use of UV lamps to clean surfaces and prevent them from getting contaminated.
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Global UV LED Market by Product type
The Global UV LED Market is segmented by Product type into UV-A, UV-B and UV-C.
The UV-A segment held the largest market share of the Global UV LED Market in 2022P.
The growth is primarily attributed to its low power consumption, the longest wavelength, deepest penetration, and allowing over 90% of UV radiation to pass through the earth's atmosphere.
For instance, according to World Health Organization (WHO), a government agency of the United Nations (UN), UV-A has a longer wavelength than UV-B and UV-C and accounts for approximately 95% of UV radiation reaching the earth's surface.
In addition, such features increase the use of UV-A LEDs in curing applications including 3D printing, photolithography/photoresist, photostability, and other photochemical reactions, as well as forensic investigations
Global UV LED Market by Application type
The Global UV LED Market is segmented by Application into Light/UV Curing, Medical Field, Disinfection/Purification and Counterfeit Detection.
The disinfection/purification segment held the largest market share of the Global UV LED Market in 2022P.
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The individuals growing inclination toward the consumption of intensely treated or purified water due to increasing cases of water-borne diseases, such as giardia, microbial, and legionella across countries, resulting in increased adoption of UV LED water purification systems. In addition, such systems help in the prevention of bacteria and other microbiological pollutants.
The increasing government investments in water infrastructure to endorse clean water and resilient infrastructure as well as its effects on individuals across countries, is also driving the demand for UV LEDs for disinfection/purification.
Global UV LED Market by End-User
The Global UV LED Market is segmented by End-user into Healthcare, Residential, Industrial and Commercial.
The industrial segment accounted for the majority share of the Global UV LED Market in 2022P.
The growing demand for UV light therapy in the medical field for treating a variety of skin treatments/conditions such as psoriasis, eczema, vitiligo, and cutaneous T-cell lymphoma is supporting the demand for UV LEDs in the Industrial segment.
Furthermore, UV radiation on skin spots typically has a strong effect that stimulates skin metabolism and improves the skin's strength, which can help cure skin diseases, such as vitiligo and pityriasis rosea, and therefore in the medical industry, UV treatment now has more application areas.
Global UV LED Market by Geography
The Global UV LED market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.
North America accounted for the largest market share in the global UV LED market in 2022P.
The growth is primarily attributed to the increased investment and development of advanced technologies, particularly in economically robust countries, including the United States and Canada.
The Asia Pacific region is expected to grow at the fastest CAGR during the forecasted period (2022P-2028), owing to the rising government initiatives to support the regional healthcare sector, particularly following the outbreak of the COVID-19 pandemic, with advancements in DNA analysis, protein synthesis, drug discovery, and vitamin analysis, all of which rely heavily on UV LEDs.
Competition Scenario in Global UV LED Market
The Global UV LED market is highly competitive, with ~500 players, including globally diversified players, regional players, and a large number of country-niche players, each with their emerging deep-UV (DUV) chip-scale technologies due to significant advancement, as well as increasing interest in the development and deployment of disinfection systems using compact devices that emit in the deep-UV spectral band with wavelengths ranging from 200 to 280 nm. The industry's ongoing progress in chip-scale solutions for deep-UV light sources is expected to drive demand for UV disinfection in the forthcoming years.
Country-Niche players control about ~65% of the market, while regional players hold a share of ~25%. Some of the major players in the market include Koninklijke Philips N.V., Nichia Corporation, Nordson Corporation, Phoseon Technology, SemiLEDs Corporation, Seoul Semiconductor Co. Ltd., Crystal IS, Inc., Lumileds Holding B.V., L.G Electronic, Sensor Electronics Technology and among others. For more information on the research report, refer to the below link:
Global UV LED Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research
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Global LED Lighting Drivers Market Analysis 2024: Study for Future Scope, Size, Trend and Share
KD Market Insights added a title on “LED Lighting Drivers Market – 2019-2024” to its collection of industry research reports that offers extensive and highly detailed current and future market trends in the global and regional/market. The report includes market size, Y-O-Y growth analysis and structure of the overall industry based on a unique combination of industry research, fieldwork, market sizing analysis, and our in-house expertise.
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Global LED Lighting Drivers Market witnessed a market value of USD XX Million in 2018 and is estimated to reach USD XX million in 2024, registering a compound annual growth rate (CAGR) of XX% between 2018 and 2024.
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Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The base year for the market research study is 2018 and the forecast period is from 2019 until 2023.
The report comes with various key features which includes:
Market Structure: Industry Overview, Life cycle analysis, value chain and supply chain analysis
Market Dynamics Analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis, Trade analysis
Market trend and forecast analysis
Market segment trend and forecast upto 2023
Competitive landscape: Market share of companies, geographical presence, product launches, mergers & acquisitions and others
Strategic Insights: Market segments attractiveness, associated growth opportunities and BPS Analysis
Emerging industry trends
Growth opportunities for the existing and new players
Global LED Lighting Drivers Market Segmentation
The research offers a comprehensive analysis of global LED Lighting Drivers market with respect to following sub-markets:
Based on Driving Method:
– Constant Voltage
– Constant Current
Based on Dimming Method:
– Non-dimmable
– Dimmable
– – DALI
– – 1-10V
– – TRIAC
– – Trailing Edge
– – Others
Based on Driver Type:
– External
– Internal
Based on Technology:
– Smart
– Conventional
Based on Application:
– Residential Lighting
– Office Lighting
– Commercial Lighting
– Industrial Lighting
– City Lighting
– Automotive Lighting
– Sports Facilities Lighting
– Entertainment Lighting
– Horticulture Lighting
– Others
Global LED Lighting Drivers Market: Competitive Landscape
The report also highlights the competitive landscape of the global LED Lighting Drivers market, market share and positioning of all the major players in the industry. The competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as company overview, financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The report includes profiles of leading companies in the global LED Lighting Drivers market. Some of the key players profiled include:
– Mean Well Enterprises Co., Ltd.
– Cree, Inc.
– Inventronics Inc.
– Tridonic GmbH & Co KG
– Moso Power Supply Technology Co., Ltd.
– Eaglerise Electric and Electronic (China) Co., Ltd.
– TCI TelecomuniczioniItalia
– Delta Electronics, Inc.
– Osram Sylvania Inc.
– Lifud Technology Co., Ltd.
– SELF Electronics Co., Ltd.
– ERP Power LLC. Harvard Technology Ltd.
– Harvard Technology Ltd.
– Moons’ Electric Co., Ltd.
– Signify Holding
– Other Major & Niche Key Players
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Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global LED Lighting Drivers Market
3. Global LED Lighting Drivers Market Trends
4. Opportunities in Global LED Lighting Drivers Market
5. Recent Industry Activities, 2018
6. Porter’s Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global LED Lighting Drivers Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
9. Global LED Lighting Drivers Market Segmentation Analysis, By Driving Method
9.1. Introduction
9.2. Market Attractiveness, By Driving Method
9.3. BPS Analysis, By Driving Method
9.4. Constant Voltage Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
9.5. Constant Current Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
10. Global LED Lighting Drivers Market Segmentation Analysis, By Dimming method
10.1. Introduction
10.2. Market Attractiveness, By Dimming method
10.3. BPS Analysis, By Dimming method
10.4. Non-dimmable Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
10.5. Dimmable Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
10.5.1. DALI
10.5.2. 1-10V
10.5.3. TRIAC
10.5.4. Trailing Edge
10.5.5. Others
11. Global LED Lighting Drivers Market Segmentation Analysis, By Driver Type
11.1. Introduction
11.2. Market Attractiveness, By Driver Type
11.3. BPS Analysis, By Driver Type
11.4. External Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
11.5. Internal Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
12. Global LED Lighting Drivers Market Segmentation Analysis, By Technology
12.1. Introduction
12.2. Market Attractiveness, By Technology
12.3. BPS Analysis, By Technology
12.4. Smart Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
12.5. Conventional Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13. Global LED Lighting Drivers Market Segmentation Analysis, By Application
13.1. Introduction
13.2. Market Attractiveness, By Application
13.3. BPS Analysis, By Application
13.4. Residential Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.5. Office Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.6. Commercial Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.7. Industrial Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.8. City Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.9. Automotive Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.10. Sports Facilities Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.11. Entertainment Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.12. Horticulture Lighting Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
13.13. Others Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2018-2024
Continue…
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udaycmi · 4 years
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The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2019 to 2026, as per a new research report published by Polaris Market Research. The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.
During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.
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Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.
North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.
Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.
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agritecture · 7 years
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5 Reasons Why LED Grow Lights Will Quadruple Sales Worldwide
LED lighting has brought drastic improvements worldwide and despite its recent increase in popularity, it`s been around for more than 50 years. Nowadays it has replaced a big bulk of the old fashioned light sources, bringing better illumination and energy efficiency all around.
Factors affecting LED Grow Lights Sales
According to the 2016 Global Lighting Market Report made by LED inside, the most quickly developing LED fields make for a combined worth of $4.36 billion with expectations for increase to $16.4 billion in 2020. Notably, LED smart lighting is the field with the highest potential for growth.
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 This growth is fueled by LED's potential to drastically increase efficiency in fields vital to humanity – agriculture and medicine. With this in mind, we are going to examine why the industry will grow and develop in the future, driven by the abovementioned industries, but also by the effect of factors such as food production costs, agricultural breakthroughs, diminishing global resources, cannabis production and legalization among many others.
1. Increasing Food Production Demand
 Agriculture is one of the most important fields pushing the development of LED lights as they can address two main issues – limited arable land and food production costs.
 With one in nine people in the world being underfed, we are facing serious global hunger issues, but we are also running out of land on which to grow our food and soon there might not even be enough for those who have money.
 Full spectrum LED lights enable the growing of plants in vertical farms that are impervious to weather conditions, a process called “the future of farming” by field experts. This method addresses many of the issues related to conventional farming and presents new food production possibilities.
 Vertical farming is the most quickly developing LED grow light application, with reports estimating 30% growth by 2020, amounting to a value of $402 million.
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(Source: http://factor-tech.com)
Quoting one of the main researchers from LED inside:
“Changes in global climate encourages agricultural and livestock businesses to adopt technological innovation. Hence, LED horticultural lighting has a booming future due to the rising demand generated by advances in the cultivation of high-quality agricultural produce, livestock farming and fresh food storage.”
Projections are looking promising for the horticultural LED lighting market, with estimates for growth from $576 million in 2016 to $1.42 billion in 2020.
2. Advancement of Spectral Science
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(Source: http://landscapeconnection.net)
Leading LED light manufacturers are investing a lot of resources in order to perfect their products in all aspects – heat output, light adjustability, electricity efficiency, compactness and durability. Most efforts are directed at full spectrum grow lights that can provide plants with the entire photosynthetically active radiation range, catering to the plant's needs throughout each growth stage.
Advances in full spectrum LED grow lights lead to a drastic increase in productivity and efficiency, especially when you consider the huge scale of the farming industry. Naturally, this is good for plant growers, who are catching up on the benefits of LEDs, and eventually leads to an increase in product demand.
There is constant innovation happening. For example, a new high-power grow light chip was introduced on the market recently, which has thermal properties that enables manufacturers to improve the efficiency of their LED light`s cooling system and maximize output.
3.  Global Cannabis Legalization
Cannabis production is another field that makes extensive use of LED lighting, serving the needs of recreational users and those with health issues all around. Cannabis oil can alleviate the symptoms of some very serious diseases, such as cancer and epilepsy, and grow lights are a huge aid in its production as they drastically increase the yield.  
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(Source: https://www.cannabisreports.com)
The cannabis industry is growing at an incredible pace, with global efforts focused on legalization and production is set to skyrocket in the near future, which in turn will affect production equipment demand, including LED lights.
As it can be seen in the chart below, more than 75% of ancillary tech and product companies are deriving 37% of their total revenue from the cannabis industry and of course, this includes LED grow lights manufacturers as well. More cannabis growing = more grow lights. 
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(Source: https://mjbizdaily.com)
4.  LED Grow Light Costs Will Go Down
Price is among the main concerns growers have when considering LED lights, but breakthroughs in production are set to solve this.
LEDs are proven to be more energy saving and produce more light per watt than any other alternative. The running cost of a 100W incandescent bulb per hour is $0.04, whereas a 20W LED downlight can match the same luminosity for $0.007 per hour.
In just a decade their energy efficiency has gone up by 60% and there are constant efforts to maximize it. Improvements on which manufacturers are working include systems for better air circulation and increased lighting area, which are sure to bring operational costs down. 
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(Source: https://www.sa.gov.au)
Furthermore, LEDs are very durable and have an approximate lifespan of 10 years. This makes their purchase very cost effective in the long-run and growers are realizing it.
5. Increasing Demand for Organic Food
The organic food industry is booming and people all around the world are becoming conscious of how their food is produced.  This drives the demand for production up and sets new standards where LED lighting plays an incremental role in the process.
Organic food sales in the US alone have jumped with 20% a year and actually, the industry is growing so quickly that there is a struggle to satisfy the demand.
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(Source: http://organiccfoods.blogspot.bg)
Once among the biggest organic food exporters, nowadays the US is actually spending more than $1 billion annually for importing it with a ratio of imports to exports of about 8:1, as data by USDA shows. 
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(Source: https://www.ota.com)
With commercial greenhouses having the biggest share of LED grow light usage and projections for organic food to take 3.5% of the total food industry, we can say that expectations for LED grow light sales are looking great.
Conclusion
A research named Grow Lights Market Global Forecast to 2020 outlines that LED lights are likely to become among the most important growing aids in the next 5 years.
Furthermore, there is an even more positive forecast than the one by LED inside we mentioned earlier, stating that the grow lights market will reach a worth of $4.19 billion by 2022, marking a healthy growth rate of 9.63%.
Taking into account the forecasts for the industry along with predictions for growth in all areas affected by LED lights, we can conclude that worldwide sales will keep growing.
Author’s Bio:
Name: Luis Rivera
Luis has 20+ years of experience in global market expansion, business development, mergers and acquisitions, business re-engineering, finance and investor relations of software companies. He is passionate about technology, spectral science, indoor farming, food production, automation, and more. Since 2015 he is the president of Advanced LED Lights, a leading LED grow lights manufacturer based in Hiwasse, Arkansas. When not at work, Luis enjoys swimming, yoga, as well as growing grapes and flowers in Sonoma, California.
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jadhavsweety · 4 years
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Global LED Driver Market Report -2020 Share With Top Companies – Koninklijke Philips N.V., Texas Instruments, Inc, Osram GmbH, Maxim Integrated, Inc and Forecast 2027
Global LED Driver Market was valued at USD 10.2 billion in 2019 which is expected to reach USD 59.82 billion by 2027 at a CAGR 24.8 %.
 LED driver is the power supply that modulates the power required to energize the LEDs or arrays of LEDs. These drivers are used to rectify the AC to DC (alternating current into direct current), as it works on direct current (DC). LED drivers are able to prevent the circuitry from overfeeding as it is a current driven component. These are widely used in various industries such as automotive, general, and back lighting.
Continuous technological advancement in lighting components has enabled energy-efficiency and improved performance which is expected to increase the demand for LED driver during this forecast period. Furthermore, increase in penetration of LED lightings in several applications like outdoor, automotive, industrial, and horticulture will positively contribute the market growth. Also, increase in research and development activities by key competitors for improvement of existing lighting solutions expected to drive the market. Governments of many countries are investing on smart city developments and technologically advanced and sustainable living spaces which expected to fuel the market growth. In addition to that, rise in demand for IOT based smart lighting solutions is growing will significantly led the market growth.
Get Sample Copy of this Report @ https://qualiketresearch.com/request-sample/LED-Driver-Market/request-sample
However, high cost of installation for LED drivers is the major challenging factor which is expected to hinder the global LED Driver market growth. Also, lack of common standards among various manufacturers will affect the global LED driver market growth during this forecast period.
The market report has been accumulated with the assistance of many primary (interviews, surveys observations,) and secondary (journals, industrial databases,) sources to distinguish and gather proper information for this broad commercial, market-oriented, and technical estimation. Porter’s Five Force Model has been implemented to determine the market assessment precisely and to verify the several strengths, and weaknesses, along with opportunities, and threats (SWOT analysis), and multiple quantitative and qualitative study related with the market.
Market Key Players
Various key players are discussed in this report such as Koninklijke Philips N.V., Texas Instruments, Inc, Osram GmbH, Maxim Integrated, Inc., Harvard Engineering, Atmel Corporation, Macroblock, Inc., General Electric, and Cree, Inc.
Market Segmentation
By Driver Method
Constant     Voltage LED Driver
Constant     Current LED Driver
 By Luminaire Type
Decorative     Lamps
Integral     LED Modules
Reflectors
T-Lamps
Type     A-Lamps
 By End User
Residential     Lighting
Outdoor     & Traffic Lighting
Industrial     Lighting
Commercial     Lighting
Others
 By Region
North     America
Latin     America
Europe
Asia     Pacific
Middle     East & Africa
Browse Full Research Report @ https://qualiketresearch.com/reports-details/LED-Driver-Market
About Us
QualiKet Research is a leading Market Research and Competitive Intelligence partner helping leaders across the world to develop robust strategy and stay ahead for evolution by providing actionable insights about ever changing market scenario, competition and customers. QualiKet Research is dedicated to enhancing the ability of faster decision making by providing timely and scalable intelligence. We use different intelligence tools to come up with evidence that showcases the threats and opportunities which helps our clients outperform their competition. 
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karishmamulani · 4 years
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Smart Agriculture Market Latest Trend, Growth by Size, Application & Forecast 2026
The global smart agriculture market is projected to reach USD 20,635 million by 2026 growing at a CAGR of more than 14% from 2019 to 2026, as per a new research report published by Polaris Market Research. The report ‘Smart Agriculture Market, [By Component (Hardware, Software, Services); By Application (Precision Farming, Yield Monitoring, Soil Monitoring, Irrigation System, Fish Farming, Horticulture, Livestock Monitoring, Smart Greenhouse, Others); By Region]: Market Size & Forecast, 2019 – 2026’ offers a wide analysis of different applications in smart farming along with insights related to current and future trends in the market.
 During the last decade, the agriculture industry has undergone enormous transformation due to ever increasing demand for sustainable practices in farming. Multiple companies are involved in developing sustainable solutions and systems for farming. Also, it is observed that due to benefits of smart agriculture solutions, farmers gain the capability to improve yield via optimizing inputs and well-organized management of their farms. These factors have collectively resulted in rapid deployment of the smart farming solutions in various applications. Consequently, significant growth is anticipated in this market owing to the attractiveness of well suited and smart agriculture solutions over the risks associated with traditional farming methods.
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 Growth in population, and increasing preference towards automation of farm operations is expected to further support the market growth. The need for automation in faming operations is driven by the capability of improvement in produced crop quality, maximization of crop production, and enhanced productivity. Increased necessity to monitor livestock, along with the need to minimize the use of pesticides and fertilizers further boosts the adoption of smart agriculture. Other factors driving the growth of smart farming market include growth in the global agricultural industry, reducing availability of labour, and high labour costs. However, high initial investment costs associated with adoption of smart agriculture systems might restraing the growth in this market. Demand from emerging economies coupled with technological advancements are factors expected to present numerous opportunities for the growth in smart farming market during the forecast period.
 North America accounted for the highest revenue share among all regions in the smart farming market during 2018. This is primarily due to high market penetration in U.S. and is further supported by extensive R&D activities by companies and presence of proper regulatory environment in this region. The different components used in precision farming include hardware, software, and services. During 2018, the hardware component segment accounted for the largest share in this market due to popularity and demand of hardware components such as Automation & control systems, sensing devices, LED grow lights, and HVAC systems which are widely used in farms to increase crop yield and improve productivity.
 Get Special Discount On this Research Report : https://www.polarismarketresearch.com/industry-analysis/smart-agriculture-market/request-for-discount-pricing
 Some of the key players profiled in the smart farming market report include AG Leader Technology, AGCO Corporation, Trimble Inc., Precision Planting, Inc., AgJunction, Inc., Agribotix LLC, Deere & Company, The Climate Corporation, Autonomous Solutions, Inc., Drone Deploy, Raven Industries, CLAAS KGaA mbH, and CNH Industrial. Due to presence of higher amount of small and medium sized companies along with the large enterprises operating in this space, the market is observed to be highly fragmented.
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  About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.
 Contact Us:
Polaris Market Research
Phone: 1–646–568–9980
Web: www.polarismarketresearch.com
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