Grow Lamps Market Impacts, CAGR, Growth Factors and Forecast From 2021 to 2027 - GE, Philips, Hydrofarm, Kind, Lithonia

Market Intelligence Data has released a new report on the global Grow Lamps market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Grow Lamps market industry and its framework.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: GE, Philips, Hydrofarm, Kind, Lithonia, Aerogarden, Feit Electric, Satco, Sunlight Supply, Sylvania

The Global Grow Lamps Market Size is Projected to Reach at a CAGR of 28.22% during 2021-2027.

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Covid-19 Impact and Recovery Analysis:

The number one goal of this Grow Lamps Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided surely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Grow Lamps market document.

Grow Lamps market Segmentation By Type:

Commercial Greenhouses

Indoor Grow Facilities

Research Applications

Grow Lamps market Segmentation By Application:

Low Power (Below 300W)

High Power (Above 300W)

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Asia-Pacific Expected to Witness Significant Growth

The Asia-Pacific region is one of the fastest-growing regions for grow lights. Rapid increase in urban agriculture, such as vertical farming, greenhouses, and growth chambers are fueling the demand for growth light in the region. Countries like Japan, Taiwan, and China are the major sources of demand for grow lights in the region and are estimated to stay so over the forecast period.​
Traditionally, Japan was the primary source of demand for grow lights, owing to high technological advances in the urban farming technology of the country. In Japan, the urban agriculture establishments are addressed as plant factories and the country’s largest plant factory is capable of producing more than 20,000 heads of lettuce in a day, in just over a 3000-square-metre facility.
Moreover, in the Asia-pacific region countries like Singapore, that despite producing little of its own, people in the country have better access as compared to others to affordable, abundant and high-quality produce. The country has also been ranked first in an index of food security for two years running and is now increasing its focus as the recent outbreak of coronavirus crisis has exposed the fragility of the global food supply chains.​
As multiple countries across the globe are confronting with the prospect of increasing food demand that’s is also forecasted to rise by more than half by 2050, Singapore is finding itself at the vanguard of work in order to keep a swelling population fed while also addressing the land constraints with the threat of climate change.​

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Grow Lamps Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Grow Lamps Market

– Strategies of key players and product offerings

– Potential and niche segments/regions exhibiting promising growth.

The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Grow Lamps industry?
What is the predicted compound annual growth rate (CAGR) of the global marketplace during the forecast period (2021-2027)?
What could be the anticipated value of the Grow Lamps marketplace in the during the forecast period?
Impact of COVID-19:

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the Grow Lamps market report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Customization: -

The Global Grow Lamps Market report may be modified to meet your specific business needs. Because we understand what our clients want, we provide up to 20% customization for any of our Market Intelligence Data reports at no additional cost to all of our Users.

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