Press release
Grow Light Market Research Report by Top Competitors Analysis Philips, General Electric Company, Osram Licht AG, Lumigrow Inc., Heliospectra Ab., Iwasaki Electric Co., Ltd., Illumitex Inc., Hortilux Schreder B.V., Sunlight Supply Inc
Global Grow Light Market
Grow light is an artificial light powered by electricity which is specially designed to stipulate the plant growth by emitting an electromagnetic spectrum appropriate for photosynthesis. These lights are mostly tailor-made to cater essential light for plants in absence of natural light or supplemental light required in unfavourable climatic conditions. The market is majorly driven by increased demand and awareness about energy-efficient lighting, and growing demand for indoor farming practices. However, the high costs and tailor-made solutions may restrain the growth of the market.
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Key Insights in the report:
• Historical and current market size and projection up to 2025
• Market trends impacting the growth of the global IoT sensors market
• Analyze and forecast the IoT sensors market on the basis of services, end-user, and services
Trends of key regional and country-level markets for processes, derivative and application
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
Major Market Drivers & Restraints:
• Increased demand and awareness about energy-efficient lighting
• Growing demand for indoor farming practices
• Increasing commercialization of grow lights in multiple verticals
• High costs of energy-efficient grow lights
• Customized lights for different crops
Market Segmentation:
On the basis of Spectrum
• Partial Spectrum
• Spectrum
On the basis of Installation
• New Installation
• Retrofit Installation
On the basis of Technology
• High-Intensity Discharge
• Fluorescent Lighting
• LED
Major Market Competitors:
• Philips,
• General Electric Company,
• Osram Licht AG,
• Lumigrow Inc.,
• Heliospectra Ab.,
• Iwasaki Electric Co. Ltd.,
• Illumitex Inc.,
• Hortilux Schreder B.V.,
• Sunlight Supply Inc,
• AeroFarms,
• Gavita International B.V.,
• Advanced Lighting Technologies Inc.,
• Hydrofarm,
• IWASAKI ELECTRIC CO. LTD.
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On the basis of geography, the Global Grow Light Market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa.
Market Analysis: Global Grow Light Market
The Global Grow Light Market accounted for USD 2.65 billion in 2016 growing at a CAGR of 12.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
10.1. Overview
10.2. North America
10.3. Europe
10.4. Asia-Pacific
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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Email: sopan.gedam@databridgemarketresearch.com
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