Grow Light Market Key Players From 2018 to 2024: Aerofarms Ltd., Gavita Holland B.V., Lumileds Holding B.V., Philips Lighting Ltd., OSRAM Licht Group, Valoya Ltd., Heliospectra AB, Sunlight Supply, Inc., and Fluence Bioengineering, Inc.

Market Overview: -

Grow Light Market set to see growth to 2024 led by rising food needs owing to unprecedented growth in the global population. The UN Food and Agriculture Organization reported that the world population is poised to grow by over a third or 2.3 billion from 2009 to 2050, making food supply a prime issue owing to the limitation of farming space. This technology aids in tackling these issues by extending the daylight hours available for the growth of vegetation by using a full-spectrum of artificial illumination, which comprises the same elements found in the natural sunlight.

Additionally, it also acts as a protective unit by protecting the plant from harmful microbes, using a form of UV light. In contrast to the traditional farming practices, indoor farming can produce crops throughout the year thereby increasing productivity. These techniques also aid in protecting crops from adverse weather conditions through the controlled environment agriculture technology. It enables the protection of crops from human or animal interferences.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2710

Top Key Players: -

Players in the grow light market include Aerofarms Ltd., Gavita Holland B.V., Lumileds Holding B.V., Philips Lighting Ltd., OSRAM Licht Group, Valoya Ltd., Heliospectra AB, Sunlight Supply, Inc., and Fluence Bioengineering, Inc.

Market share calculation in this report is not done based on companies covered in it. The calculation of grow light market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

Regional Segmentations: -

The grow light market in economies including the U.S., Canada, and the UK due to their higher spending capacity dominates in terms of revenue. Grow light market is expanding in countries including Northern Canadian states, Siberia, and parts of Argentina and Chile, where natural sunlight is available for fewer hours as the night time exceeds daytime hours. The devices are used in these regions to support the crop growth in the absence of natural sunlight.

The rise of vertical farming techniques has had a positive effect on the rise of the grow light market across the world. This technique is on the rise owing to the space-saving characteristics, high crop yield, and lower interference from external environmental characteristics. The technology has high applications in this farming technique.

Request for customization for this report @ https://www.gminsights.com/roc/2710

Research applications are anticipated to witness growth in the coming years. Scientific experiments conducted on plants constitute the research field applications of the devices. The application of grow light market in commercial greenhouses is increasing at a rapid rate. The greenhouses allow greater control over the growth environment of a plant. Key factors such as fertilizer applications, irrigation, and atmospheric humidity can be altered to suit the growth of the plant. LED grow light market segment is expected to show a high growth owing to the increased lifecycle, lower energy consumption, high-intensity output, and consistent performance.

High-intensity discharge devices find applications in regions where the level of sunlight available is low and the temperature required for plant growth is not adequately warm. Fluorescent equipment segment of the grow light market is poised to grow at a fast rate during the forecast time period owing to its higher lifecycle and low power consumption. These are suitable for small-scale applications as they are relatively inexpensive devices. However, these devices are fragile in nature and may incur additional labor and maintenance costs. Therefore, they are suitable for plants requiring lower illumination and heat levels for growth.

Browse Full Report @ https://bit.ly/2vmIICY

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.