Grow Light Market 2021 Industry Analysis, Size, Share, Strategies and Forecast to 2027| AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow

Global Grow Light Market Research Report 2021

The Global Grow Light Market Research Report is an in-depth study that provides industry-wide insight into existing and emerging growth patterns, end-user analysis, and other key data that have been tested and validated by experts. and industry professionals. The report studies the market for importance, share, size, demand and supply, models, competitive landscape, industry chain analysis, and other significant factors. The Grow Light market also provides a detailed overview of the driving forces of the industry, along with the micro and macroeconomic factors that are likely to affect its development

The Analysts forecast the global Grow Light market to grow at a CAGR of 33.78 % during the period 2021-2027.

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Some of the Prominent Companies in this Grow Light market are:

AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric, Illumitex, Hortilux Schreder, Sunlight Supply

INDUSTRY NEWS

 JAN 19 2021 Royal Philips , a global leader in health technology, today announced that it has signed an agreement to acquire Capsule Technologies, Inc., a leading provider of medical device integration and data technologies for hospitals and healthcare organizations.

JULY 28 2021, AeroFarms, a Certified B Corporation and leader in indoor vertical farming, and Spring Valley Acquisition Corp. (Nasdaq: SV) (“Spring Valley”), a publicly traded special purpose acquisition company, announced today that the registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission (“SEC”) (File No. 333-255978), and relating to the previously announced merger of AeroFarms and Spring Valley, has been declared effective by the U.S. Securities and Exchange Commission. Spring Valley will mail shareholders as of July 19, 2021 the definitive proxy statement/prospectus relating to the Extraordinary General Meeting of Spring Valley Shareholders (the “Special Meeting”).

The Grow Light market size, market characteristics, and market growth of the industry are detailed in this study, which is divided into types, applications, and consumption areas. The research also describes the major firms and introduces players in the industry from the standpoint of the industry chain and marketing chain.

MARKET SEGMENTATION

Grow Light Market, by Type

Indoor Farming

Vertical Farming

Commercial Greenhouse

Others

Grow LightMarket, by Application

High Intensity Discharge (HID)

LED

Fluorescent

Plasma

Grow Light Market, by Region

Global Grow Light Market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y Growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis

Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

REGIONAL ANALYSIS

Europe projected to register largest market share of the grow lights market from 2021 to 2027

Europe is projected to register largest market share of the grow lights market during the forecast period. The growth of the market in this region can be attributed to the fact that the region has the strongest economies in the world, along with flourishing industries that lead to increased capital investment capabilities. This region has been using grow light systems for the past few decades to grow plants in commercial greenhouses. The use of grow light in this region is gradually increasing from being a supplemental lighting source to becoming the primary source of light in indoor operations.

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Goals and objectives of the study

Identify major market trends, developments, opportunities, and influencing factors in the worldwide Grow Light market and its sub-segments.
For the global Grow Light market, identify and analyse main industry categories and their corresponding frameworks.
Estimate the global size of the Grow Light market and analyse it by type, application, and region.
Identify key players and analyse the business environment based on recent events and revenue segments.

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What does the Report Include?

The market report contains a complete analysis of the company’s major drivers and constraints, opportunities, and challenges throughout the forecasted timeframe. In addition, the research provides in-depth analysis of the market’s regional changes and how they will influence its growth during the forecast period.

Our research analysts gathered information from industry experts and used a variety of research approaches to compile this report. The competitive landscape provides more information on the companies’ strategies for maintaining market dominance between 2021 and 2026, including product launches, partnerships, mergers and acquisitions, and collaborations.

The report can answer the following questions:

North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Global Grow Light industry.

Global major Innovation and developments operating situation (sales, revenue, growth rate and gross margin) of Global Grow Light industry.

Different types and applications of Global Grow Light industry, market share of each type and application by revenue.

Global market size (sales, revenue) forecast by regions and countries from 2021 to 2026 of Grow Light industry.

PEST analysis of Global Grow Light industry

SWOT analysis of Global Grow Light industry.

Global Grow Light Industry New Project Investment Feasibility Analysis.

Covid-19 Scenario:

- Business and manufacturing units across various countries happened to suffer during the initial phase of the lockdown due to the outbreak of the pandemic. Suspended facilities and disrupted supple chains were the major factors that affected the market growth during this phase.

- However, most of the regions have either recovered or are recovering along with the mandatory precautionary measures to curb the spread. Also, vaccination drives across the region are now pacing up which is further assisting the industry growth.

Report Customization

Our innovative data-mining technique allows us to provide our clients with exclusive and customized insights while preserving precision and speed. On all key fronts – regional, segment, and competitive landscape level – we personalize the Research data. With every report purchase, we include 40 analyst hours of free customization

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