Agricultural Lighting Industry Insights till 2023| Key Players are Lumishore, Osram, Koito

The application of LED in the field of agricultural lighting is still in its infancy. In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Agricultural Lighting Report by Material, Application, and Geography - Global Forecast to 2023 is a professional and comprehensive research report on the world's major regional market conditions, focusing on the main regions (North America, Europe and Asia-Pacific) and the main countries (United States, Germany, United Kingdom, Japan, South Korea and China).

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The major players profiled in this report include:
Lumishore, Osram, Koito

In this report, the global Agricultural Lighting market is valued at USD XX million in 2019 and is projected to reach USD XX million by the end of 2023, growing at a CAGR of XX% during the period 2019 to 2023.

The report firstly introduced the Agricultural Lighting basics: definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analyzed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

Scope of the Report
Grow lighting is majorly produced for three light sources, which include light emitting diodes (LED), high-intensity discharge (HID) lights, and fluorescent lights. In some cases, high-pressure sodium (HPS) sources, light emitting plasma, and induction lights are also used. The report is further segmented by installation type (new and retrofit) and applications (indoor farming, vertical farming, commercial greenhouse).

Drivers
-Rapid population growth and availability of limited agricultural land
-A steady supply of crops despite unfavourable weather conditions for farming across geographies
-Government initiatives to support adoption of energy-efficient LEDs in horticulture
-Increased year-round high-quality yield
-Legalization of cannabis for medicinal purposes

Restraints
-High cost of energy-efficient LED grow light technologies
-Feasibility of cultivating limited number of crop species

Opportunities
-Retrofitting traditional lighting sources with LED grow lights
-Increasing awareness about vertical and indoor farming

What to Expect From This Report on Agricultural Lighting Market:

-The developmental plans for your business based on the value of the cost of the production and value of the products, and more for the coming years.
-A detailed overview of regional distributions of popular products in the Agricultural Lighting Market.
-How do the major companies and mid-level manufacturers make a profit within the Agricultural Lighting Market?
-Estimate the break-in for new players to enter the Agricultural Lighting Market.
-Comprehensive research on the overall expansion within the Agricultural Lighting Market for deciding the product launch and asset developments.

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This release was published on openPR.