Press release
Global Grow Lights Market to grow at a CAGR of 12.60% during 2017-2021 - Philips Lighting Holding, GENERAL ELECTRIC, OSRAM Licht, Gavita International, LumiGrow
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.
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The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
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.
View Complete TOC with Tables and Figures at: https://www.researchmoz.us/global-grow-lights-market-2017-2021-report.html/toc
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
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?
ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives. ResearchMoz’s service portfolio also includes value-added services such as market research customization, competitive landscaping, and in-depth surveys, delivered by a team of experienced Research Coordinators.
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