Press release
Grow Light Market Key Players -LumiGrow, Inc. , Sunlight Supply, Inc. , Heliospectra AB , Royal Philips , Platinum LED Lights LLC, Forecast to 2022
Exclusive Summery About Report:
The growth in the indoor farming, government initiatives to adopt technologies such as LED, growing demand for energy efficiency, long lasting grow technology and environmentally safe products are the factors boosting the growth of the grow light market. Also, a high commercial greenhouses practice in countries such as Netherlands is propelling the growth of the market.
Grow light can be explained as a type of electronic lamp designed to accelerate plant growth by electronic magnetic spectrum. It is widely used in applications where natural light is not available or where supplemental light required.
The key drivers contributing to the growth of the grow light market are growth in the indoor farming, government initiatives to adopt technologies such as LED, growing demand for energy efficiency, long lasting grow technology and environmentally safe products. Also, the demand for these products is increasing in countries such as Netherlands where supplemental lighting is required throughout the year.
However, low awareness among consumers, high cost of capital are the factors hindering the growth of the overall growth of the market. Whereas, high reliability, low power consumption, high commercial greenhouse practices are also propelling the growth of the grow light market.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Grow Light Market Research Report -Forecast to 2022”.
Grow Light Market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• Osram LichtAG (Germany),
• General Electric Company (U.S.),
• Iwasaki Electric Co., Ltd. (Japan),
• LumiGrow, Inc. (U.S.),
• Gavita Holland B.V. (Netherlands),
• Hortilux Schreder B.V. (Netherlands),
• Sunlight Supply, Inc. (U.S.),
• Heliospectra AB (Sweden),
• Royal Philips (Netherlands),
• Platinum LED Lights LLC (U.S.)
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Intended Audience
• Manufacturers
• Distributors
• Research firms
• Consultancy firms
• Software Developers
• Vendors
• Semiconductor Manufacturers
• Stakeholders
• End-user sectors
• Technology Investors
Regional Analysis:
Regionally, Europe accounted for the largest market share, because Netherlands is a leading exporter of horticultural produce which increases the usage of commercial greenhouse. Also, the concept of vertical farming is gaining popularity in this region.
Asia-Pacific region is expected to grow significantly over the forecast period, majorly due to increasing awareness about the benefits of this technology.
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For further information on this report, visit @ https://www.marketresearchfuture.com/reports/grow-light-market-2451
Segments
For the purpose of this study, Market Research Future has segmented the market of grow light into technology, installation, application and region.
By Technology-
• LED
• High Intensity Discharge
• Fluorescent Lighting
• Others
By Installation-
• New Installation
• Retrofit
By Application-
• Indoor Framing
• Commercial Greenhouse
• Vertical Framing
• Landscaping
• Others
By Region-
• North-America
• Europe
• Asia-Pacific
• RoW
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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