{"id":100411,"date":"2021-01-20T13:25:00","date_gmt":"2021-01-20T13:25:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2810066"},"modified":"2021-01-20T13:25:00","modified_gmt":"2021-01-20T13:25:00","slug":"grow-light-market-report-2021-2026-industry-growth-share-size-demand-and-future-scope-imarcgroup","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/01\/20\/grow-light-market-report-2021-2026-industry-growth-share-size-demand-and-future-scope-imarcgroup\/","title":{"rendered":"Grow Light Market Report 2021-2026, Industry Growth, Share, Size, Demand and Future Scope | imarcgroup"},"content":{"rendered":"

\"Grow <\/a> <\/p>\n

iCrowdNewswire <\/strong>  Jan 20, 2021  8:25 AM ET<\/span><\/p>\n

The global grow light market reached a value<\/strong> of US$ 3.26 Billion in 2020. Looking forward, the market to exhibit strong growth during the next five years.<\/p>\n

Grow light, also known as plant light, is an artificial source of light that promotes photosynthesis and helps in stimulating the growth of plants. There is a wide variety of grow lights available in the market, ranging from fluorescent, high-intensity discharge (HID) to light-emitting diodes (LED<\/a>), and incandescent variants. They emit light in the electromagnetic spectrum and are used where there is little or no sunlight.<\/p>\n

Global Grow Light Market Trends:<\/strong><\/p>\n

The global grow light market is primarily driven by significant growth in the agricultural sector<\/a>. Grow lights help farmers maintain the optimal yield and plant quality, thereby meeting the steadily rising food demand across the globe. These lights are also used for flowering inhibition, anthocyanin accumulation and enhanced rooting, as well as for supplementing sunlight, color and temperature to the crops.<\/p>\n

Besides this, the growing awareness among farmers about the benefits of LED grow lights has increased their demand, as they are cost-efficient and allow the growers to cultivate plants indoors while keeping the electricity consumption at a minimum level.<\/p>\n

Owing to these properties, They find extensive applications in vertical farming, indoor farming, commercial greenhouses, and landscaping. Moreover, with advancements in technology, manufacturers have developed smart grow lights integrated with the Internet of Things (IoT), which is expected to create a positive outlook for the market in the upcoming years.<\/p>\n

View Report TOC, Figures and Tables: https:\/\/www.imarcgroup.com\/grow-light-market<\/a><\/strong><\/p>\n

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.<\/p>\n

Global Grow Light Market 2020-2025 Analysis and Segmentation:
<\/strong><\/p>\n

Competitive Landscape:<\/p>\n

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.<\/p>\n

Some of the major players operating in the industry include Epistar (TPE: 2448), Everlight Electronics (TPE: 2393), Gavita International B.V., General Electric Company (NYSE: GE), Heliospectra AB, Illumitex Inc., LumiGrow, Osram Licht AG, Shenzhen Juson Technology Co. Ltd., etc.<\/p>\n

Get a PDF Sample for more detailed market insights:<\/strong> https:\/\/www.imarcgroup.com\/grow-light-market\/requestsample<\/a><\/p>\n

The report has segmented the market on the basis of technology, installation type, spectrum, application, and region.<\/strong><\/p>\n

Breakup by Technology:<\/p>\n

HID
LED
Fluorescent
Others<\/p>\n

Breakup by Installation Type:<\/p>\n

New Installations
Retrofit Installations<\/p>\n

Breakup by Spectrum:<\/p>\n

Full-Spectrum
Partial Spectrum<\/p>\n

Breakup by Application:<\/p>\n

Indoor Farming
Vertical Farming
Commercial Greenhouse
Turf and Landscaping
Others<\/p>\n

Market Breakup by Region<\/p>\n

    \n
  1. Asia Pacific<\/li>\n
  2. North America<\/li>\n
  3. Europe<\/li>\n
  4. Middle East and Africa<\/li>\n
  5. Latin America<\/li>\n<\/ol>\n

    Key highlights of the report:<\/strong><\/p>\n

    Market Performance (2014-2019)
    Market Outlook (2020- 2025)
    Porter\u2019s Five Forces Analysis
    Market Drivers and Success Factors
    SWOT Analysis
    Value Chain
    Comprehensive Mapping of the Competitive Landscape<\/p>\n

    Do You Have Any Query or Specific Requirement? Ask to Our Industry Expert:<\/strong> https:\/\/www.imarcgroup.com\/request?type=report&id=1842&flag=C<\/a><\/p>\n

    About Us
    <\/strong><\/p>\n

    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.<\/p>\n

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