Press release
$8.5 Billion Projection for Grow Lights Market by 2030-Exclusive Report by Meticulous Research®
Grow lights, catalysts for plant growth, efficiently transform electrical energy into photons, crucial for photosynthesis. The burgeoning market owes its growth to relentless R&D endeavors fostering hybrid plant and crop development, the surge in vertical farming adoption, imperative for augmenting agricultural production efficiency, ensuring food safety, enhancing fruit and vegetable quality, and the burgeoning urban farming trend. Technological strides in LED grow lights coupled with the integration of smart farming technologies are poised to propel market expansion further.
Download Free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5523
Challenges notwithstanding, primarily stemming from high setup costs and the divergence in lighting spectrum requisites for distinct plants and crops, alongside the absence of standardized testing protocols for horticultural lights and fixtures, the market continues its upward trajectory.
Segmented comprehensively by offering, type, application, wattage, farming type, sales channel, and geography, the report offers granular insights into industry dynamics at regional and national levels.
Vertical Farming on the Rise
The global surge in vertical farming, a testament to evolving agricultural paradigms, addresses the escalating demand for food against diminishing arable lands. Grow lights, pivotal in vertical farming, facilitate year-round crop cultivation independent of external weather conditions. This eco-friendly approach, curbing deforestation, conserving resources, and minimizing emissions, champions sustainability. Vertical farming, leveraging stacked layers and LED illumination, promises heightened yields, addressing the global call for sustainable food production.
Browse in depth @ https://www.meticulousresearch.com/product/grow-lights-market-5523
Market Segmentation Insights
The hardware segment dominates the market landscape owing to a plethora of manufacturers providing essential grow lights components. Moreover, robust governmental backing in emerging economies and the surging urban horticulture trend bolster hardware sales.
LED grow lights, outshining their counterparts, reign supreme attributing to their superior efficiency, minimal heat generation, environmental friendliness, and cost-effectiveness.
Request Free Research Report Sample: https://www.meticulousresearch.com/request-sample-report/cp_id=5523
Horticulture emerges as the dominant application segment, fueled by technological innovations, burgeoning global population, and escalating urban demand for organic produce.
Geographical Analysis
North America spearheads market dominance, buoyed by government initiatives driving hybrid plant and crop production, alongside the proliferation of indoor farming technologies including vertical farming.
Industry Titans
Key players shaping the market landscape include Gavita International B.V, Heliospectra AB, ams-OSRAM AG, California Lightworks, Signify, Hortilux Schréder B.V., Valoya Oy, ILUMINAR LIGHTING, Bridgelux, Inc., Oreon Holding BV, Iwasaki Electric Co., Ltd., Savant Systems, Inc., Ennostar Inc., AB Lighting, and EVERLIGHT Electronics Co., Ltd.
Quick Buy @ https://www.meticulousresearch.com/Checkout/57256323
Contact:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
CIN- U93000PN2013PTC149455
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release $8.5 Billion Projection for Grow Lights Market by 2030-Exclusive Report by Meticulous Research® here
News-ID: 3428596 • Views: …
More Releases from Meticulous Research®
Nutraceutical Products Market: Growth Trends and Future Outlook to 2030| Meticul …
The nutraceutical products market is witnessing steady and significant growth, driven by a rising awareness of health, nutrition, and disease prevention. Between 2023 and 2030, the market is projected to expand at a compound annual growth rate of 7.8%, ultimately reaching a value of $691.87 billion by the end of the forecast period. This growth reflects a major shift in consumer mindset, as individuals increasingly seek products that offer both…
Global Feed Additives Market Outlook: Trends, Growth Drivers, and Regional Insig …
The way we feed our livestock is changing, and feed additives are at the heart of that transformation. Over the next decade, the global feed additives market is expected to surpass $51 billion, fueled by rising demand for meat and dairy products, concerns over animal health, and a push toward more sustainable farming practice. Farmers today are no longer just feeding animals they are strategically nourishing them to improve growth,…
Global Home Medical Equipment Market: Trends, Insights, and Forecast to 2030 | M …
The home medical equipment market is growing steadily and is projected to reach nearly $63 billion by 2030. These devices are designed to help people manage their health at home, allowing patients to remain independent while receiving the care they need. From respiratory devices to mobility aids, these products make it possible for individuals to maintain a better quality of life without relying entirely on hospital care. They are especially…
Global Membrane Filtration Technologies Market: Trends, Growth Drivers, and Regi …
The membrane filtration technologies market is steadily expanding, with expectations to hit $22.2 billion by 2030. Over the past few years, industries and municipalities alike have faced increasing pressure to manage water more efficiently. Water scarcity, environmental regulations, and operational needs have created a situation where traditional water treatment methods are no longer sufficient. Businesses are turning toward membrane filtration technologies as a solution that offers both reliability and precision.
Water…
More Releases for Grow
Indoor Grow Lights Market Is Expected to Grow Rapidly in Near Future
HTF MI recently introduced Global Indoor Grow Lights Market study with 143+ pages in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status (2025-2032). The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Philips Lighting (Signify), OSRAM, General Electric, Gavita, Illumitex, Heliospectra…
Grow Lights Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The global grow lights market was valued at USD 1.5 billion in 2022 and is projected to reach USD 7.2 billion by 2028; registering a CAGR of 30.7% during the forecast period. The rise in demand for grow lights solutions are heightened demand for fresh food and loss of arable land.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68944493&utm_source=Openpr&utm_medium=Refferal&utm_campaign=Paid+PR
The greater than 300 Watt segment accounted for the largest market share of ~66% in…
Grow Lights Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The global grow lights market was valued at USD 1.5 billion in 2022 and is projected to reach USD 7.2 billion by 2028; registering a CAGR of 30.7% during the forecast period. The rise in demand for grow lights solutions are heightened demand for fresh food and loss of arable land.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=68944493
The >300 Watt segment accounted for the largest market share of ~66% in 2022 and…
Grow Tents Market Growing Rapidly with Latest Trends & Future Scope by 2023-2030 …
"Worldwide Market Reports offers 𝐔𝐩𝐭𝐨 𝟕𝟎% 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭 on Grow Tents Market Reports on Single User Access and Unlimited User Access"
Grow Tents Market report discusses everything a marketer requires before investing in the global Grow Tents Market during the forecast period 2023-2030. It provides detailed insight into current trends, market shares, market size, and sales value and volume. The data used for this report is obtained from reliable industry sources, paid…
Savage Grow Plus Review: Ingredients, Benefits and Where to Buy Savage Grow Plus
Savage Grow Plus has been introduced to the market as one of the leading male health supplements that can aid men who wish to improve their testosterone health. Men can use this formula with consistency to add some extra inches and also boost their overall performance in bed. We will try to learn in this review what it contains.
Get Savage Grow Plus For As Low As $49: https://rebrand.ly/OfficialSavageGrowPlus
Savage Grow…
Primal Grow Pro Review - Primal Grow Pro Benefits, Ingredients and Side Effects …
Almost every man is worried about their men health and whether they can satisfy their partner in bed or not. Their fear often translates into performance anxiety that further has a negative impact on their romantic life. This fear can combine with various other factors and even result in temporary erectile dysfunction.
There are many products that claim to improve couple life and trigger private growth. Many drugs also claim to…
