Grow Lights Market Overview:
According to the research report published by the DataM Intelligence, the global grow lights market size is expected to reach USD XX billion by the end of 2029, with growth at a CAGR of 13.7% during the forecast period 2022-2029.
Grow Lights are in high demand thanks to their unique characteristics like durability, energy consumption, color quality, and cost-effectiveness. LED Grow Lights have variety of benefits over traditional lighting systems, including increased energy efficiency and a extended lifespan. Grow Lights will be adjusted to suit the wants of the plants. Plant growth and development are going to be aided by the usage of several kinds of Grow Lights. to get the general light spectrum for plants, growers have blended HID lights like high-pressure sodium (HPS) lamps with metal-halide (MH) lamps.
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LEDs are widely used nowadays since they eliminate the drawbacks of HPS, fluorescent (FL), metal-halide, and electric ballast lighting. The environmental benefits of the grow light industry are one among the most reasons for its expansion. As a result, the grow-light industry is being propelled forward by government programs and fast-expanding indoor farming. All of those considerations have boosted the demand for horticulture lighting that's both energy-efficient and long-lasting.
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Market Segmentation:
Grow Lights Market – By Lighting Type:
• Toplighting
• Interlighting
Grow Lights Market – By Offering:
• Hardware
• Software & Services
Grow Lights Market – By Application:
• Commercial Greenhouses
• Vertical Farming
• Indoor Farming
• Others
By geographical Classification;
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
Some of the Major Companies Profiled in the Global Market:
Signify Holding, Gavita International B.V., General Electric Company, Osram Gmbh, Heliospectra Ab., Iwasaki Electric Co., Ltd, Illumitex, Hortilux Schréder, and California Light works.
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DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
We monitor and analyze the market by dissecting various market influencers, competitive intensity, innovations, trends, and emerging products. This aids us in providing a detailed scenario of the present and future of the market.
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Sai Kiran
DataM Intelligence 4Market Research LLP
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