Product Code: ETC4441464 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 26 | |
The LED grow light market in South Korea is expanding as indoor farming and greenhouse cultivation gain traction among agricultural producers. LED grow lights provide specific light spectrums that enhance plant growth, improve crop yields, and reduce energy consumption compared to traditional lighting systems. The market growth is driven by advancements in LED technology, government initiatives promoting sustainable agriculture, and the demand for year-round production of fresh fruits, vegetables, and medicinal plants.
The LED grow light market in South Korea is expanding due to the increasing adoption of indoor farming and greenhouse cultivation. LED grow lights provide optimal lighting conditions for plant growth, enhancing crop yield and quality. The growing interest in sustainable agriculture, advancements in LED technology, and rising demand for fresh produce throughout the year are key drivers of market growth.
The adoption of LED grow lights in South Korea faces challenges related to traditional farming practices and skepticism about the technology`s effectiveness. Educating farmers about the long-term benefits, such as energy savings and improved crop yields, remains crucial amidst cultural preferences for conventional farming methods.
Government policies in South Korea regarding the LED grow light market focus on agricultural productivity, greenhouse technology, and sustainable farming practices. Regulations ensure light spectrum optimization, crop yield efficiency, and energy conservation in LED grow light systems used for indoor farming, vertical agriculture, and greenhouse cultivation. Financial incentives are provided for horticultural growers, greenhouse operators, and agtech startups investing in LED lighting innovations, smart farming technologies, and hydroponic systems that enhance crop quality, reduce resource consumption, and increase farm profitability. Additionally, there are initiatives to promote R&D in agricultural lighting, foster collaborations between plant biologists and lighting engineers, and support South Korea`s agriculture sector with advanced LED grow light solutions and agri-tech research initiatives aimed at global food security and sustainable farming solutions.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea LED Grow Light Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea LED Grow Light Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea LED Grow Light Market - Industry Life Cycle |
3.4 South Korea LED Grow Light Market - Porter's Five Forces |
3.5 South Korea LED Grow Light Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.6 South Korea LED Grow Light Market Revenues & Volume Share, By Wattage, 2021 & 2031F |
3.7 South Korea LED Grow Light Market Revenues & Volume Share, By Application , 2021 & 2031F |
3.8 South Korea LED Grow Light Market Revenues & Volume Share, By Spectrum, 2021 & 2031F |
3.9 South Korea LED Grow Light Market Revenues & Volume Share, By Cultivated Plant, 2021 & 2031F |
3.10 South Korea LED Grow Light Market Revenues & Volume Share, By Lighting Type, 2021 & 2031F |
3.11 South Korea LED Grow Light Market Revenues & Volume Share, By Light Source, 2021 & 2031F |
4 South Korea LED Grow Light Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of indoor farming practices in South Korea |
4.2.2 Government initiatives promoting energy-efficient lighting solutions |
4.2.3 Growing awareness about the benefits of LED grow lights in enhancing plant growth and yield |
4.3 Market Restraints |
4.3.1 High initial cost of LED grow lights compared to traditional lighting solutions |
4.3.2 Limited availability of skilled professionals for managing LED grow light systems |
4.3.3 Lack of standardization and regulations in the LED grow light market |
5 South Korea LED Grow Light Market Trends |
6 South Korea LED Grow Light Market, By Types |
6.1 South Korea LED Grow Light Market, By Offering |
6.1.1 Overview and Analysis |
6.1.2 South Korea LED Grow Light Market Revenues & Volume, By Offering, 2021-2031F |
6.1.3 South Korea LED Grow Light Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.4 South Korea LED Grow Light Market Revenues & Volume, By Software & Services, 2021-2031F |
6.2 South Korea LED Grow Light Market, By Wattage |
6.2.1 Overview and Analysis |
6.2.2 South Korea LED Grow Light Market Revenues & Volume, By <300 Watt, 2021-2031F |
6.2.3 South Korea LED Grow Light Market Revenues & Volume, By >300 Watt, 2021-2031F |
6.3 South Korea LED Grow Light Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 South Korea LED Grow Light Market Revenues & Volume, By Greenhouses, 2021-2031F |
6.3.3 South Korea LED Grow Light Market Revenues & Volume, By Vertical Farms, 2021-2031F |
6.3.4 South Korea LED Grow Light Market Revenues & Volume, By Indoor Farms, 2021-2031F |
6.3.5 South Korea LED Grow Light Market Revenues & Volume, By Other Applications, 2021-2031F |
6.4 South Korea LED Grow Light Market, By Spectrum |
6.4.1 Overview and Analysis |
6.4.2 South Korea LED Grow Light Market Revenues & Volume, By Full Spectrum, 2021-2031F |
6.4.3 South Korea LED Grow Light Market Revenues & Volume, By Limited Spectrum, 2021-2031F |
6.5 South Korea LED Grow Light Market, By Cultivated Plant |
6.5.1 Overview and Analysis |
6.5.2 South Korea LED Grow Light Market Revenues & Volume, By Fruits and Vegetables, 2021-2031F |
6.5.3 South Korea LED Grow Light Market Revenues & Volume, By Flowers, 2021-2031F |
6.5.4 South Korea LED Grow Light Market Revenues & Volume, By Cannabis, 2021-2031F |
6.6 South Korea LED Grow Light Market, By Lighting Type |
6.6.1 Overview and Analysis |
6.6.2 South Korea LED Grow Light Market Revenues & Volume, By Toplighting, 2021-2031F |
6.6.3 South Korea LED Grow Light Market Revenues & Volume, By Interlighting, 2021-2031F |
6.7 South Korea LED Grow Light Market, By Light Source |
6.7.1 Overview and Analysis |
6.7.2 South Korea LED Grow Light Market Revenues & Volume, By Light Emitting Diodes (LED), 2021-2031F |
6.7.3 South Korea LED Grow Light Market Revenues & Volume, By Fluorescent, 2021-2031F |
6.7.4 South Korea LED Grow Light Market Revenues & Volume, By , 2021-2031F |
6.8 South Korea LED Grow Light Market, By Installation Type |
6.8.1 Overview and Analysis |
6.8.2 South Korea LED Grow Light Market Revenues & Volume, By New Installations, 2021-2031F |
6.8.3 South Korea LED Grow Light Market Revenues & Volume, By Retrofit Installations, 2021-2031F |
7 South Korea LED Grow Light Market Import-Export Trade Statistics |
7.1 South Korea LED Grow Light Market Export to Major Countries |
7.2 South Korea LED Grow Light Market Imports from Major Countries |
8 South Korea LED Grow Light Market Key Performance Indicators |
8.1 Energy efficiency improvements in LED grow light technology |
8.2 Adoption rate of LED grow lights in commercial and residential indoor farming |
8.3 Research and development investments in enhancing LED grow light performance |
9 South Korea LED Grow Light Market - Opportunity Assessment |
9.1 South Korea LED Grow Light Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.2 South Korea LED Grow Light Market Opportunity Assessment, By Wattage, 2021 & 2031F |
9.3 South Korea LED Grow Light Market Opportunity Assessment, By Application , 2021 & 2031F |
9.4 South Korea LED Grow Light Market Opportunity Assessment, By Spectrum, 2021 & 2031F |
9.5 South Korea LED Grow Light Market Opportunity Assessment, By Cultivated Plant, 2021 & 2031F |
9.6 South Korea LED Grow Light Market Opportunity Assessment, By Lighting Type, 2021 & 2031F |
9.7 South Korea LED Grow Light Market Opportunity Assessment, By Light Source, 2021 & 2031F |
9.7 South Korea LED Grow Light Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
10 South Korea LED Grow Light Market - Competitive Landscape |
10.1 South Korea LED Grow Light Market Revenue Share, By Companies, 2024 |
10.2 South Korea LED Grow Light Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |