Agricultural Plant Growth LED Lights Market

The Brazil Agricultural Plant Growth LED Lights market size was valued at US$ 73 million in 2024 and is projected to reach US$ 112 million by 2030, at a CAGR of 7.4% during the forecast period 2024-2030.

Agricultural plant growth LED lights are specialized lighting systems designed to enhance plant growth, development, and yield in controlled environment agriculture, including greenhouses and vertical farms.

Brazil's agricultural plant growth LED lights market is growing rapidly, driven by expanding protected horticulture and the cannabis industry for medical use. In 2023, greenhouse vegetable production accounted for 50% of agricultural LED light use, followed by floriculture at 25%. The market saw a 22% increase in demand for full-spectrum LED grow lights in 2023, offering optimized light recipes for specific crops. Adoption of LED lighting in vertical farming is growing at 18% annually, driven by urban agriculture initiatives. Key manufacturers are investing in developing smart lighting systems, with a 28% year-over-year increase in product launches featuring IoT connectivity and automated light management. The industry is also witnessing a trend towards energy-efficient lighting solutions, with a 30% rise in high-efficacy LED fixtures designed to reduce operational costs. Brazil's focus on year-round production of high-value crops continues to drive LED adoption, with a 20% increase in installations among medium-scale greenhouse operators seeking to improve crop quality and extend growing seasons.

Agricultural Plant Growth LED Lights Market contains market size and forecasts of Agricultural Plant Growth LED Lights in Brazil, including the following market information:

•    Brazil Agricultural Plant Growth LED Lights Market Revenue, 2019-2024, 2024-2030, ($ millions)

•    Brazil Agricultural Plant Growth LED Lights Market Sales, 2019-2024, 2024-2030,

•    Brazil Top five Agricultural Plant Growth LED Lights companies in 2023 (%)

Report Includes

Agricultural Plant Growth LED Lights Market presents an overview of Brazil market for Agricultural Plant Growth LED Lights , sales, revenue and price. Analyses of the Brazil market trends, with historic market revenue/sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

Agricultural Plant Growth LED Lights Market focuses on the Agricultural Plant Growth LED Lights sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the Brazil Agricultural Plant Growth LED Lights market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.

Agricultural Plant Growth LED Lights Market will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

Agricultural Plant Growth LED Lights Market analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.

Segment by Type

•    Low Power (?300W)

•    High Power (?300W)

Segment by Applications

•    Vegetables Irradiation

•    Landscaped Plant Irradiation

Key Companies covered in Agricultural Plant Growth LED Lights Market :

•    Embrapa

•    Philips Lighting (Signify)

•    General Electric

•    Osram Licht AG

•    Cree, Inc.

•    Lumileds Holding B.V.

•    Valoya

•    Heliospectra AB

•    Everlight Electronics

•    Illumitex

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:

•    Key companies Agricultural Plant Growth LED Lights revenues in Braziln market, 2019-2024 (Estimated), ($ millions)

•    Key companies Agricultural Plant Growth LED Lights revenues share in Braziln market, 2023 (%)

•    Key companies Agricultural Plant Growth LED Lights sales in Braziln market, 2019-2024 (Estimated),

•    Key companies Agricultural Plant Growth LED Lights sales share in Braziln market, 2023 (%)

Key Indicators Analysed

•    Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

•    Braziln Market Analysis: The report includes Braziln market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

•    Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

•    Opportunities and Drivers: Identifying the Growing Demands and New Technology

•    Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Benefits of This Market Research:

•    Industry drivers, restraints, and opportunities covered in the study

•    Neutral perspective on the market performance

•    Recent industry trends and developments

•    Competitive landscape & strategies of key players

•    Potential & niche segments and regions exhibiting promising growth covered

•    Historical, current, and projected market size, in terms of value

•    In-depth analysis of the Agricultural Plant Growth LED Lights Market

•    Overview of the regional outlook of the Agricultural Plant Growth LED Lights Market

Key Reasons to Buy this Report:

•    Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

•    This enables you to anticipate market changes to remain ahead of your competitors

•    You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents

•    The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

•    Provision of market value (USD Billion) data for each segment and sub-segment

•    Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

•    Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

•    Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

•    Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

•    The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

•    Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

•    Provides insight into the market through Value Chain

•    Market dynamics scenario, along with growth opportunities of the market in the years to come

•    6-month post-sales analyst support

We offer additional regional and global reports that are similar:

•    Global Agricultural Plant Growth LED Lights Market 

•    United States Agricultural Plant Growth LED Lights Market 

•    Japan Agricultural Plant Growth LED Lights Market 

•    Germany Agricultural Plant Growth LED Lights Market 

•    South Korea Agricultural Plant Growth LED Lights Market 

•    Indonesia Agricultural Plant Growth LED Lights Market 

•    Brazil Agricultural Plant Growth LED Lights Market

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