Grow Light Market Outlook to 2025 - Osram LichtAG, General Electric Company, Iwasaki Electric Co., Ltd., LumiGrow, Inc., Gavita Holland B.V., Sunlight Supply, Inc., Heliospectra AB, Royal Philips, Illumitex Inc., and Transcend Lighting Inc. (U.S.)

A grow light Market is an artificial source of light energy that is particularly designed to stimulate and control the growth of seeds and plants by discharging an electro-magnetic spectrum for photosynthesis. Grow light is normally utilized in applications where additional light is required or where natural light is not available. It is a kind of electronic lamp designed for accelerating the growth of the plant by electronic magnetic spectrum.

Rising attractiveness of commercial greenhouses to cultivate plants and development in indoor farming methods are the key factors that are driving the grow light market. Automation in commercial greenhouses is growing considerably and has helped farmers to maximize their yield by utilizing grow lights. However, high cost of capital and less awareness among consumers, are the factors hampering the growth of the market. Whereas, low power consumption, high commercial greenhouse practices, and high reliability are also driving the growth of the grow light market.

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Companies Mentioned

1. Osram LichtAG
2. General Electric Company
3. Iwasaki Electric Co., Ltd.
4. LumiGrow, Inc.
5. Gavita Holland B.V.
6. Sunlight Supply, Inc.
7. Heliospectra AB
8. Royal Philips
9. Illumitex Inc.
10. Transcend Lighting Inc.

The "Global Grow Light Market Analysis to 2025" is a specialized and in-depth study of the grow light industry with a focus on the global market trend. The report aims to provide an overview of global grow light market with detailed market segmentation by technology, installation, application, and geography. The global grow light market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

The objectives of this report are as follows:
-To provide overview of the Global Grow Light Market
-To analyze and forecast the Global Grow Light Market on the basis of deployment type, sampling method, and end-user vertical.
-To provide market size and forecast till 2025 for overall Grow Light Market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC) , Middle East and Africa (MEA) , and South America (SAM) , which are later sub-segmented across respective major countries.
-To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
-To provide exhaustive PEST analysis for all five regions.
-To profiles key Grow Light players influencing the market along with their SWOT analysis and market strategies.

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Reason To Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Grow Light Market

-Highlights key business priorities in order to assist companies to realign their business strategies

-The key findings and recommendations highlight crucial progressive industry trends in the global Grow Light Market, thereby allowing players across the value chain to develop effective long-term strategies

-Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

-Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

-Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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