Press release
Agricultural LED Market to reach USD 14.03 Bn by 2029, emerging at a CAGR of 5 percent and forecast (2022-2029)
Agricultural LED Market
The newly released Agricultural LED Market report presents an in-depth exploration of various market segments including Lighting Type, Cultivation, Offering, Technology, Application, Deployment, and Region. Data from market participants across different regions - North America, Asia Pacific, Europe, Middle East & Africa, and South America - have contributed to this comprehensive analysis. The report employs a range of facts, figures, illustrations, and presentations to provide key insights covering the historical period from 2018 to 2022. In addition, the report investigates drivers, limitations, prospects, and barriers in the Agricultural LED market, while also offering investor recommendations derived from a thorough competitive scenario analysis.
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What are Agricultural LED Market Dynamics?
Agricultural LED technology serves as a revolutionary solution for indoor crop cultivation, utilizing artificial lighting to bolster plant growth. This modern approach is gaining traction due to its cost-effective installation and solutions, particularly suitable for various forms of farming such as Indoor Farming, Vertical Farming, and Greenhouses. In addition to its affordability, Agricultural LED addresses applications like Supplemental Lighting, urban farming, and daylight-independent cultivation, ensuring crops receive essential light in a controlled environment. The escalating focus on sustainability further fuels market growth.
Furthermore, proactive efforts by researchers, organizations, and governments to enhance agriculture through Agricultural LED technology are propelling global market expansion. The flourishing floriculture sector also contributes to the surge in Agricultural LED adoption, benefiting the cultivation of fruits, vegetables, and flowers. As countries experience agricultural advancements amid urbanization and changing lifestyles, the Agricultural LED market is poised for significant expansion. The forecast period is anticipated to witness remarkable growth due to the introduction of sophisticated lighting technologies and products. These influential factors together stimulate the Agricultural LED Market's remarkable growth trajectory.
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What is Agricultural LED Market Regional Insight?
The European region commands the largest market share, accounting for 56% in 2022. Growing agricultural demands, coupled with increased adoption of indoor and vertical farming, contribute to this region's dominance in the Agriculture LED Market. Meanwhile, the Asia Pacific region is poised for significant growth, expected to witness a CAGR of 20.3% during the forecast period. Rapid modernization, urbanization, and surging food consumption in the region drive technological advancements in the agricultural sector, positioning Asia Pacific as a key growth hub for the Agriculture LED Market.Request For Free Sample Report:
What is Agricultural LED Market Segmentation?
by Lighting Type
Toplighting
interlighting
Photoperiodic Lighting
Supplemental Lighting
Sole-Source Lighting by
Cultivation
Fruits
Vegetables
Floriculture by Technology
High-Intensity Discharge
Fluorescent
Others
by Application
Greenhouses
Vertical Farming
Indoor Farming
Others
Get to Know More About This Market Study: https://www.maximizemarketresearch.com/market-report/agricultural-led-market/146000/
Who are Agricultural LED Market Key Players?
Philips
2. Osram
3. General Electric
4. Easy Agricultural
5. Illumitex
6. Fionia Lighting
7. Lumigrow
8. Kind LED Grow Lights
9. California LightWorks
10. Spectrum King Grow Lights
11. Valoya
12. Weshine
13. Apollo Horticulture
14. Kessil
15. Cidly
16. Heliospectra AB
17. LEDHYDROPONICS
18. Ohmax Optoelectronic
19. Zhicheng
20. Noribachi
21. Greengage Lighting Ltd
22. Beba-Lighting UK Limited
23. ONCE，Inc.
Table of content for the Agricultural LED Market includes:
Global Agricultural LED Market: Research Methodology
Global Agricultural LED Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Agricultural LED Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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