Plants LED Grow Light Market 2020 Is projected to reach USD 7.0 Billion at a CAGR of 25.0% by 2026

The Plants LED Grow Light Market recently Published Global Market research study with more than 100 industry informative desk and Figures spread through Pages and easy to understand detailed TOC on "Plants LED Grow Light Market".
The report provides information and the advancing business series information in the sector to the exchange. The report provides a notion connected to the progress of this market movement of significant players of this industry. An examination of this Plants LED Grow Light market relies upon aims, which are of coordinated into market analysis, is incorporated into the reports.

According to Study, The Global LED Grow Light Market was valued at USD 1.5 Billion in 2019 and is projected to reach USD 7.0 Billion by 2026, growing at a CAGR of 25.0% from 2019 to 2026

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Top Companies in the Global Plants LED Grow Light Market:
Philips, Osram, General Electric, Easy Agricultural, Illumitex, Fionia Lighting, Lumigrow, Kind LED Grow Lights, California LightWorks, Spectrum King Grow Lights, Valoya, Weshine, Apollo Horticulture, Kessil, Cidly, Heliospectra AB, LEDHYDROPONICS, Ohmax Optoelectronic, Zhicheng

Overview: A grow light or plant light is an artificial light source, usually, an electric light aimed to stimulate plant growth by emitting light suitable for photosynthesis. A variety of bulb types are used as grow lights, like fluorescent lights, incandescent, high-intensity discharge lamps (HID), and light-emitting diodes (LED). LED grow lights are made of light-emitting diodes, with a heat sink and built-in fans. LED grow lights vary in color depending on the intended use which is given by a study of photomorphogenesis. According to the study, green, red, far-red and blue light spectra have an effect on root formation, plant growth, and flowering.

Industry News:

April 8, 2020 Warsaw, Poland: Signify installs Poland's first FULL LED lighting in a pink tomato greenhouse

January 23, 2020: Signify's Philips GreenPower LED toplighting compact product range extension simplifies switch to LED grow lights in greenhouses

Jan 17th, 2020: Osram announces packaged LEDs for horticulture and auto headlamps

02/27/2019: Osram unveils grow light system for horticulture research

This report segments the market on the basis of Types are

High Power (300W)

Low Power (_300W)

On The basis Of Application, the market is segmented into are

Commercial Greenhouses

Indoor Grow Facilities

Research Applications

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Regions covered By Plants LED Grow Light Market Report 2019 To 2025 are:
North America (The United States, Canada, and Mexico), Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Central & South America (Brazil, and Rest of South America), and Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, and Other).

Impact of the Plants LED Grow Light market report:
- Comprehensive evaluation of all opportunities and risk in the market.
- Plants LED Grow Light market ongoing developments and significant occasions.
- Detailed study of business techniques for development of the market-driving players.
- Conclusive study about the development plot of market for approaching years.
- Top to bottom appreciation of market-explicit drivers, objectives and major smaller scale markets.
- Favorable impression inside indispensable mechanical and advertise most recent patterns striking the market.

References:

https://www.lighting.philips.com/main/products/horticulture/press-releases/signify-installs-polands-first-full-led-lighting-in-a-pink-tomato-greenhouse

https://www.lighting.philips.com/main/products/horticulture/press-releases/signifys-philips-greenpower-led-toplighting-compact-product-range-extension-simplifies-switch-to-led-grow-lights-in-greenhouses

https://www.osram-group.com/en/media/press-releases/pr-2019/27-02-2019

https://www.ledsmagazine.com/leds-ssl-design/article/14074973/osram-announces-packaged-leds-for-horticulture-and-auto-headlamps

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