Grow Light Market Growth Analysis 2021-2028 With Top Companies | IWASAKI ELECTRIC, Illumitex, Hortilux Schréder, Hawthorne Gardening Company , AeroFarmsThe information provided in the world class Grow Light Market analysis report will definitely help increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. The market insights of this report will help increase the return rate and drive the competitive edge within. This customized market report provides services tailored to the exact challenge. Whether it is survey work, in-depth interviewing, or a combination of multiple methods, Grow Light marketing report will match the right methodology and personnel to the business need. Proficient team of analysts gather, analyze, and synthesize the data to accomplish challenging tasks while not setting unrealistic expectations.
Customer acquisition is an important aspect for making a product successful and this can be achieved with such market report. Getting data from the target market through Grow Light market research report can be a source of creating concrete and long-term marketing plans. All small and large organizations require market report to gather feedback from their target audience regularly mainly in terms of customer experience, satisfaction, expectations etc. Market report plays very influential role in understanding where to test new products or services. Grow Light Market report provides with a platform to analyze the scope of success of upcoming products and make changes in strategizing the product according to the feedback they receive.
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The grow light market is expected to witness market growth at a rate of 23.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on grow light market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the technology for various applications is escalating the growth of grow light market.
A growing light or lamp refers to an electrical light that acts as an artificial supply of sunshine for accelerating plant growth. These lights tend to emit an electromagnetic wave within the actinic radiation spectrum simulating daylight for chemical action.
The rise in the adoption of indoor farming in urban areas acts as one of the major factors driving the growth of grow light market. The government support for adoption of solid-state lighting technology and controlled-environment agriculture (CEA) practices and increase in popularity of grow light among farmers for producing same quality crops all year round irrespective of weather conditions accelerate the market growth. The rise in the investments in establishing vertical farms and greenhouses and related with the advanced technologies and increase in inclination for the light due to the benefits such as energy-efficiency and longer life over conventional lighting technologies, further influence the market. Additionally, urbanization, change of lifestyle and rise in acceptance of advanced technologies positively affect the grow light market. Furthermore, legalization of cannabis in different and integration of hardware, software, and data analytics platform for horticulture yield estimation and energy extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
Grow Light Market Scope and Market Size
On the basis of offering, the grow light market has been into hardware, software and services.
On the basis of lighting type, the grow light market has been into top lighting and interlighting.
On the basis of installation type, the grow light market has been into new installations and retrofit installations.
On the basis of watt, the grow light market has been into 300 watts.
On the basis of cultivated plant, the grow light market has been into fruits and vegetables, flowers and cannabis.
On the basis of spectrum, the grow light market has been into full spectrum and limited spectrum.
On the basis of application, the grow light market has been into greenhouses, vertical farms, indoor farms, research and tissue culture laboratories.
On the basis of sales channel, the grow light market has been into distribution channels, e-commerce channels and direct sales channels.
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The countries covered in the global grow light market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the grow light market due to the high use to support the crop growth in the absence of natural sunlight within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 due to the increase in use for several industrial purposes in the region.
Leading Key Players Operating in the Grow Light Market Includes:
The major players covered in the grow light market report are IWASAKI ELECTRIC CO., LTD, Illumitex Inc., Hortilux Schréder B.V., Hawthorne Gardening Company , AeroFarms, Gavita International B.V. , Advanced Lighting Technologies, LLC , Hydrofarm LLC., Signify Holding., GENERAL ELECTRIC COMPANY , OSRAM GmbH, LumiGrow., Heliospectra AB , InduLux Technologies., Platinum LED Lights LLC, Valoya , Thrive Agritech, EarthLED.com, and US LED, Ltd among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Scope of the Study:
Grow Light Market revenue forecasts across three post-COVID pandemic case scenarios, 2021- 2028
Grow LightGrow Light market size outlook by type, 2021- 2028
Grow LightGrow Light market size outlook by application segment, 2021- 2028
Grow LightGrow Light market outlook of 15 countries, 2021- 2028
Strategies, Trends, Drivers, and Risks facing Grow Light companies
Company profiles of leading five players in Grow Light industry
Market News and Developments
Reasons to Buy:
Understand the current and future competitive scenario across types, countries, and applications
Get Accurate, up-to-date analysis of Grow Light markets and companies
Use reliable information and analysis to gain a deeper understanding of the current factors impacting the industry
Develop sustainable strategies based on the latest trends, dynamics, and developments
Optimize product portfolios and capture a larger share in the industry through company analysis
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