Market Development : LED Lighting Market for Horticulture Application Globally Grow at a CAGR of 22.55% by Revenue During the Period 2017-2021

Albany, New York, June 14, 2017 :Lighting sources such as incandescent lighting, fluorescent lighting, and tungsten photonic lighting were used. However, the industry is witnessing transition to the latest lighting technology like LED lighting. LED lighting devices provide high-intensity brightness, along with other advantages like low voltage requirements, low radiated heat, high reliability, negligible ultraviolet (UV) rays, and a longer life span over the conventional lighting sources.

Technavios analysts forecast the global LED lighting market for horticulture application to grow at a CAGR of 22.55% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global LED lighting market for horticulture application for 2016-2020. To calculate the market size, the report presents the major vendors that manufacture LED lighting products for horticulture applications in the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global LED Lighting Market for Horticulture Application 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Cree
Fluence Bioengineering
Heliospectra
Hubbell Lighting
Illumitex
Kessil Lighting
Lemnis Oreon
LumiGrow
OSRAM SYLVANIA
Smart Grow Technologies

Market driver
High electricity consumption and increasing power prices.
For a full, detailed list, view our report

Market challenge
Insufficient horticulture infrastructure.
For a full, detailed list, view our report

Market trend
Declining manufacturing cost of LED.
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.