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Grow Light Market is expected to grow at a CAGR of 20% to 22% from 2020 to 2025 – An exclusive market research report by Lucintel

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Grow Light Market is expected to grow at a CAGR of 20% to 22% from 2020 to 2025 – An exclusive market research report by Lucintel

November 15
22:58 2021
Grow Light Market is expected to grow at a CAGR of 20% to 22% from 2020 to 2025 - An exclusive market research report by Lucintel
Trends and Forecast for the Global Grow Light Market
Trends, opportunities and forecast in grow light market to 2025 by light source (HID, LED, fluorescent), installation type (new installation, retrofit), application (indoor farming, commercial greenhouse, vertical farming, and others) and region (North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW)

Lucintel’s latest market report analyzed that grow light provides attractive opportunities in the indoor farming, commercial greenhouse, and vertical farming applications. The grow light market is expected to grow at a CAGR of 20% to 22%. In this market, commercial greenhouse is the largest segment by application.

Download Brochure of this report by clicking on https://www.lucintel.com/grow-light-market.aspx Based on application, the grow light market is segmented into indoor farming, commercial greenhouse, vertical farming, and others. The commercial greenhouse segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to increased automation in the last decade of its and the concept of controlled environment agriculture (CEA) is being implemented in greenhouses to maintain optimum growing conditions and obtain a higher yield.

Browse in-depth TOC on “Grow Light Market”

XX– Tables

XX – Figures

150 – Pages

The Grow Light Market is marked by the presence of several big and small players. Some of the prominent players offering grow light include Koninklijke Philips N.V., Osram Licht AG, General Electric Company, Heliospectra AB, Dool Industries, Illumitex Inc., Gavita International B.V., Lumigrow Inc., Iwasaki Electric Co. Ltd., Sunlight Supply Inc., Hydrofarm Inc., and Fluence Bioengineering Inc.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link [email protected].

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

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