Grow Lights Market Research report 2030 is a well-generated market report which helps achieve comprehensive analysis of the market structure along with estimations of the various segments and sub-segments of the market. This report deals with plentiful aspects of the ABC industry. The CAGR values covered here estimates the fluctuation about the rise or fall of demand for the specific forecasted period with respect to investment. A comprehensive market study and analysis of trends in consumer and supply chain dynamics underlined in this report assists businesses in drawing the strategies about sales, marketing, advertising, and promotion.

Data Bridge Market Research analyses that the grow lights market was valued at USD 1474.05 million in 2021 and is expected to reach USD 2367.20 million by 2029, registering a CAGR of 6.10% during the forecast period of 2022 to 2029.

Some of the major players operating in the Grow Lights Market are:

Signify Holding (Netherlands), OSRAM Gmbh (Germany), Gavita International B.V (Netherlands), Valoya (Finland), California LightWorks (US), Helliospectra AB (Sweden), Black Dog Grow Technologies Inc. (U.S.), Bridgelux Inc. (U.S.), Cree LED (U.S.), EVERLIGHT ELECTRONICS CO. LTD. (Taiwan), Lumigrow (U.S.), Samsung (South Korea), Savant Systems Inc. (U.S.), AeroFarms (US), Hortilux Schréder (Netherlands), Koninklijke Philips N.V. (Netherlands), Alta LED Corporation (US), Epistar (Taiwan) General Electric (US), Illumitex Inc, (US), Shenzhen Juson Technology Co. Ltd.(China), Iwasaki Electric Co. Ltd (Japan)

 Market Segments: -

The grow lights market is segmented on the basis of product, system, wattage, technology, installation, spectrum and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• < 300 Watt
• > 300 Watt

System

• Hardware
• Software

By Wattage

• Low Power
• Medium Power
• High Power

Technology

• High Intensity Discharge (HID)
• Light Emitting Diode (LED)
• Fluorescent
• Others

 Installation

• New Installations
• Retrofit Installations

Spectrum

• Full-Spectrum
• Partial Spectrum

 Application

• Indoor Farming
• Vertical Farming
• Commercial Greenhouse
• Turf and Landscaping
• Others

Opportunities: -

• Technological advancement

The several technological advancements that include the expansion of smart grow lights integrated with the Internet of Things (IOT) and innovations in the field of agricultural sciences are acting as growth-inducing factors that will act as market drivers and further boost beneficial opportunities for the market's growth rate.

• Legalization of cannabis

The legalisation of cannabis growing has also increased demand for vertical farms and greenhouses, which in turn has increased demand for LED-based grow lights. Several considerations must be considered while growing cannabis in a sunless medium. The heat released by HPS lamps, for example, can harm the merchandise. As a result, drastically lower lighting prices can be expected as some of the prospective growth opportunities for the grow lights market.

Regional incites: -

·         Asia-Pacific dominates the grow lights market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the rising demand for grow lights in this region. The Asia-Pacific region dominates the grow lights market, with Japan leading the way in terms of technological advancement and rising commercial vertical farms. Due of the ease of technological advancement and rising commercial vertical farms, Japan is leading the Asia-Pacific market.

 Get the Full report link @ https://www.databridgemarketresearch.com/reports/global-grow-light-market   

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Grow Lights Market Landscape

Part 04: Grow Lights Market Sizing

Part 05: Grow Lights Market Segmentation by Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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