Global Grow Lights Market to grow at a CAGR of 12.60% during 2017-2021 - Philips Lighting Holding, GENERAL ELECTRIC, OSRAM Licht, Gavita International

Lights that are used in a wide range of farming-related applications are called grow lights. This is because they help with the artificial growth of plants. Some of the advantages of using grow lights include high reliability, spectral intensity, and low power consumption. With rapid rise in vertical farming and greenhouse practices around the globe, the use of different grow lights is also simultaneously increasing. This is contributing to the overall growth of the market. The crops considered for the scope of the report include fruits, vegetables, flowers, and ornamental plants.

The global grow lights market to grow at a CAGR of 12.60% during the period 2017-2021. The report covers the present scenario and the growth prospects of the global grow lights market for 2017-2021. To calculate the market size, the report considers the value sales of grow lights.

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

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Technavio's report, Global LED Agricultural Grow Lights Market 2017-2021, 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.

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Key vendors
- Philips Lighting Holding
- GENERAL ELECTRIC
- OSRAM Licht
- Gavita International
- LumiGrow

Other prominent vendors
- Heliospectra
- SolarMAX
- PARsource
- Transcend Lighting
- EYE HORTILUX
- Twilight Group
- Lemnis Oreon
- Kessil

Market driver
- Rise in indoor farming practices
- For a full, detailed list, view our report

Market challenge
- Drawbacks associated with grow lights
- For a full, detailed list, view our report

Market trend
- Advent of urban farming
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 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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