Press release
Grow Lights Market to Reach $5,954.1 Million by 2023 Having Major Key Players: OSRAM, Dool Industries, Heliospectra AB & ILLUMITEX, INC.
Request Sample Copy of Report :: https://www.psmarketresearch.com/market-analysis/grow-lights-market/report-sample
Based on our analysis, LED based grow lights have been the largest as well as the fastest growing market. Being an efficient technology, the demand of such modern solutions is further projected to increase during the forecast period. Full spectrum based grow lights has been growing at higher pace, as compared to the partial spectrum.
The increasing demand for grow lights growth chambers with growing population is another important factor driving the grow lights market. The world population is growing steadily, while farmland and natural resources are becoming lesser day by day.
The need of economical grow light technology in cities, increasing government support for the adoption of LED lights, rising disposable income among consumers in developing countries, and surge in per capita global GDP over the years, are expected to boost the growth of grow lights market during the forecast period.
Read summary of report here :: https://www.psmarketresearch.com/market-analysis/grow-lights-market/
Koninklijke Philips N.V., and General Electric are the top two companies operating in the grow lights market. There exists a stiff competition among other key players like Osram Licht AG, Dool Industries, Heliospectra AB, and Illumitex Inc.
Grow Lights Market Segmentation
By Technology
• LED
• Fluorescent
o T5
o CFL
• HID
o High intensity sodium lamps
o Metal-halide lamps
o Ceramic metal halide lamps
o Combination MH and HPS lamps
o Others (conversion bulbs and switchable ballasts)
• Others (induction and plasma)
By Spectrum
• Full spectrum
• Partial spectrum
By Installation Type
• New
• Retrofit
By Application
• Commercial greenhouse
• Vertical farming
• Indoor farming
• Research
• Others (turf and landscapes, and rooftop farming)
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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