Global Market Plant Grow LED Light Revenue (2021-2027)

In 2020, the global plant grow led light market revenue to reach USD 1059.86 million and is expected to reach USD 3294.39 million in 2027, at a compound annual growth rate (CAGR) of 17.97% (2021-2027). In the coming years, this industry has a great deal of uncertainty, and the forecast data in this paper for 2021-2027 is based on historical developments over the past few years, industry expert opinions, and the views of the analysts in this paper, which are combined to give a forecast. Based on type, the most sold type of LED plant light is the partial spectrum light, which holds about 75% of the global market share in 2020. LED plant light is most widely used in the commercial greenhouse sector, which holds about 65% of the market share in 2020.
In 2020, the global LED plant light market will generate revenues of US$10.5986 million, and analysts predict that the market will generate revenues of US$32.9439 million in 2027, growing at a CAGR of 17.97% from 2021 to 2027.
In 2021, the global plant grow led light market will have sales of $1.1 billion, and analysts predict that in 2028 the market will have sales of $3.3 billion, growing at a CAGR of 18 percent from 2020 to 2028.
Auxgrow global LED plant light in a manufacturer specializing in horticultural lighting and hydroponic systems for 12 years, has a strong supply chain system to get the lowest price of raw materials, we work closely with DHL and large shipping companies to provide lower-cost shipping services, and provide comprehensive OEM and ODM services to customers worldwide. Our ability to develop pilot and mass produce all types of horticultural lighting and hydroponic products have been proven by hundreds of customers with custom needs. Full OEM and ODM services for customers worldwide. We offer commercial and home growers around the world a full 5-year warranty with free replacement and repair services. No need to return defective products. If you experience any product technical problems or quality issues, you can always contact us and more information can be found at https://auxgrow.com/

WhatsApp: +8618902402329

Telephone: +86-20-84785360

Address: Qichuang Industrial Park, No.801 Qiaoxing Avenue, Shatou Street, Panyu District, Guangzhou

Company Brief
Auxgrow is a LED grow light hydroponic wholesale supplier that specialized in Horticultural Lighting & Hydroponic systems for 12 years. As a hydroponics equipment supplier, we have a scientific, normative, and integrated management system, and have become very powerful horticulture LED grow lights manufacturer in China. There are more than 100 employees and more than 3000 square meters of workshop. We are a dynamic and innovative manufacturer, which is engaging in research and development, production, and sales.
Factory Workshop
Auxgrow has established a complete production system from the forging, stamping, CNC processing, patch processing, finished product assembly, product testing, and other production processes of hardware raw materials. We have 4 production lines and advanced and professional LED lighting production equipment, such as automatic placement machines, reflow soldering machines, and professional testing equipment.
Product Application
For Retail and indoor projects: Hydroponics, medicinal crops, urban farming, and small-scale production.
For Large scale horticulture: Greenhouse production of fruit, vegetables, and ornamentals.
Our Service
Auxgrow provides perfect OEM/ ODM/ OBM service to all customers, such as custom spectrum, appearance design, engraving logo, and custom box packages, we can design a totally new led grow light according to your requirement.

This release was published on openPR.