The global Grow Light market was valued at US$ 4504.3 million in 2020 and it is expected to reach US$ 9614.6 million by the end of 2027, growing at a CAGR of 11.3% during 2021-2027.
Grow light is an artificial light source, generally an electric light, designed to stimulate plant growth by emitting a light appropriate for photosynthesis. Grow lights are used in applications where there is either no naturally occurring light, or where supplemental light is required.
Global Grow Light Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Grow Light Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are AeroFarms, Royal Philips, General Electric, Osram Licht, Gavita Holland, Lumigrow, Heliospectra, Iwasaki Electric, Illumitex, Hortilux Schreder, Sunlight Supply and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-grow-light-market-outlook
Segment by Type
- High Intensity Discharge(HID)
Segment by Application
- Indoor Farming
- Vertical Farming
- Commercial Greenhouse
Table of Content:
1 Grow Light Market Overview
2 Grow Light Market Competition by Manufacturers
3 Grow Light Retrospective Market Scenario by Region
4 Global Grow Light Historic Market Analysis by Type
5 Global Grow Light Historic Market Analysis by Application
6 Key Companies Profiled
7 Grow Light Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Grow Light Market Dynamics
10 Global Grow Light Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta