(EMAILWIRE.COM, December 15, 2017 ) The Latin America Greenhouse Grow Light Industry was worth USD 440 million in 2016 and estimated to be growing at a CAGR of 10.6%, to reach USD 720 million 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 Latin America Greenhouse Grow Light industry 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 industry growth.

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Industry Segmentation

Spectrum

§ Introduction

§ Partial Spectrum

§ Full Spectrum

§ Y-o-Y Growth Analysis, By Spectrum

§ Industry Attractiveness Analysis, By Spectrum

§ Industry Share Analysis, By Spectrum

Installation

· Introduction

· New Installation

· Retrofit

· Y-o-Y Growth Analysis, By Installation

· Industry Attractiveness Analysis, By Installation

· Industry Share Analysis, By Installation

Application

· Introduction

· Indoor Farming

· Vertical Farming

· Greenhouse

· TURF and Landscaping

· Other Applications

· Y-o-Y Growth Analysis, By Application

· Industry Attractiveness Analysis, By Application

· Industry Share Analysis, By Application

Technology

· Introduction

· High-Intensity Discharge

o High Pressure Sodium Lamp

o Metal Halide Lamp

· Fluorescent Lighting

o T5

o CFL

o LED

· Other Technologies

· Y-o-Y Growth Analysis, By Technology

· Industry Attractiveness Analysis, By Technology

· Industry Share Analysis, By Technology





Latin America industry region includes countries such as Brazil, Mexico, Argentina, and remaining countries of South America. The huge rise in spending in the Greenhouse Grow Light industry has increased the demand in the industry. Brazil is one of the largest industry in this region followed by Mexico, Argentina, and Columbia. The availability of large customer base with rising disposable incomes is set to drive the industry in the foreseeable future.

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The major players operating in the Latin America 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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