Grow Light Market Size, Companies Share, Growth, Opportunities, Trends And Scope Forecast To 2026

by Chris jackson Market Research

According to IMARC Group’s latest report, titled “Grow Light Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global grow light market reached a value of US$ 3.26 Billion in 2020. A grow light, or plant light, refers to an artificial light source that provides an electromagnet light spectrum to promote photosynthesis and accelerate growth in plants. It is available in fluorescent, high-intensity discharge (HID), light-emitting diodes (LED), and incandescent variants. Grow lights are primarily used for supplementing sunlight, color, and temperature to the crops and can be tailored according to a specific goal, such as flowering inhibition, anthocyanin accumulation, and enhanced rooting. Owing to this, they find extensive applications in vertical farming, indoor farming, commercial greenhouses, and landscaping.

Request for a PDF sample of this report: https://bit.ly/3bGiiSK

Significant growth in the agricultural sector, along with the rising popularity of vertical and indoor farming practices, is primarily driving the market growth. Besides this, the emergence of hydroponic farming systems has induced the usage of grow lights to provide an adequate amount of sunlight and prevent the plants from damage caused by insects and pests. Additionally, the growing demand for food due to the increasing population, coupled with the limited availability of cultivable land, is also catalyzing the adoption of grow lights in sustainable farming methods. Besides this, various technological innovations such as the integration of the Internet-of-Things (IoT) with smart grow lights are expected to further propel the global market for grow light in the coming years. Looking forward, IMARC Group expects the global grow light market to exhibit strong growth during the next five years.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

Epistar
Everlight Electronics
Gavita International B.V.
General Electric Company
Heliospectra AB
Illumitex Inc.
Koninklijke Philips N.V.
LumiGrow
Osram Licht AG
Shenzhen Juson Technology Co. Ltd.

Market Segmentation:

Breakup by Technology:

HID
LED
Fluorescent
Others

Breakup by Installation Type:

New Installations
Retrofit Installations

Breakup by Spectrum:

Full-Spectrum
Partial Spectrum

Breakup by Application:

Indoor Farming
Vertical Farming
Commercial Greenhouse
Turf and Landscaping
Others

Breakup by Region:

North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Argentina
- Columbia
- Chile
- Peru
- Others
Middle East and Africa
- Turkey
- Saudi Arabia
- Iran
- United Arab Emirates
- Others

Ask Analyst for Customization and Explore full report with TOC & List of Figures: https://bit.ly/3fwAJKy

We are updating our reports, If you want latest primary and secondary data (2021-2026) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key highlights of the report:

Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US:

IMARC Group

30 N Gould St Ste R

Sheridan, WY 82801 USA - Wyoming

Email: Sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

Americas: - +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800