Press release
Grow Light Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033
Grow Light Market
The Business Research Company offers in-depth market insights through Grow Light Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The grow light market size has grown rapidly in recent years. It will grow from $3.63 billion in 2023 to $4.29 billion in 2024 at a compound annual growth rate (CAGR) of 18.2%. The growth in the historic period can be attributed to cultivation of high-value crops, research in plant grow, advancements in fluorescent and hid light, industry regulations and legalization, increased demand for year-round produce..
The grow light market size is expected to see rapid growth in the next few years. It will grow to $8.1 billion in 2028 at a compound annual growth rate (CAGR) of 17.2%. The growth in the forecast period can be attributed to expansion of vertical farming, research and development initiatives, increasing demand for indoor agriculture, focus on sustainable solutions.. Major trends in the forecast period include urban agriculture and vertical farming, regulatory shifts towards horticultural research and development, smart and connected lighting, customized light spectrum..
Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=9283&type=smp
Market Segmentation:
The grow light market covered in this report is segmented -
1) By Type: Light Emitting Diode (LED), High Intensity Discharge (HID), Plasma, Fluorescent
2) By Spectrum: Full-Spectrum, Partial Spectrum
3) By Application: Indoor Farming, Commercial Greenhouse, Vertical Farming, Other Applications
Major Driver - Indoor Farming Revolution Drives Grow Light Market Growth
The growing adoption of indoor farming practices is significantly contributing to the growth of grow light market going forward. Indoor farming refers to the method of cultivating crops or plants, typically on a large scale, entirely indoors. Grow lights are employed in indoor farming when there is a dearth of natural light since they mimic or even outperform sunlight in terms of plant development. For instance, according to the Guardian, a UK-based daily newspaper, investments in indoor farming increased by over $1bn in 2021, exceeding the combined investment generated in previous years. Therefore, the growing adoption of indoor farming practices is driving the grow light market.
Competitive Landscape:
Major companies operating in the grow light market report are AeroFarms, Everlight Electronics Co. Ltd., Gavita International b.v., Heliospectra AB, Hortilux Schréder b.v., Illumitex Inc., Lumigrow Inc., Osram Licht AG, Signify N.V., Sunlight Supply Inc., General Electric Company, Platinum LED Lights LLC, Hydrofarm Inc., Alta LED Corporation, Savant Systems Inc., Valoya Ltd., Black Dog LED, Advanced LED Lights, ams-OSRAM AG, GrowGeneration, California LightWorks, Electric Sky, EYE Hortilux, Kind LED Grow Lights, BIOS Lighting, Timber Grow Lights, Kroptek, SANlight GmbH, Viparspectra, Mars Hydro, Spider Farmer .
Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/grow-light-global-market-report
Top Trend - Grow Lights Undergo Transformation With Innovative Product Design
Product innovation is the key trend gaining popularity in the grow light market. Major companies operating in the grow light market are focusing on manufacturing innovative grow lights to improve their energy efficiency and offer more in terms of spectrum and applications. For instance, in September 2021, Growealth a US-based manufacturer of grow lights launched an innovative line of grow lights for efficient plant growth. The maximum Par/Lumen output is offered by these innovative surface-mounted diodes. It is ideal for silent operation indoors because there is no fan noise and the aluminum board it is made of makes it strong and long-lasting. Additionally, it has a clever input voltage adjustment that ranges from 110V to 277V, making it compatible with various power cables and plugs from various countries.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Grow Light Market Characteristics
3. Grow Light Market Trends And Strategies
4. Grow Light Market - Macro Economic Scenario
5. Grow Light Market Size And Growth
…..
27. Grow Light Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Grow Light Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 here
News-ID: 3427554 • Views: …
More Releases from The Business Research Company
Furan Resin Market to Reach $23.8 Billion by 2028: Latest Trends and Growth Fact …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Furan Resin Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $23.8 billion In 2028 At…
Fly Ash Market to Reach $9.2 Billion by 2028, Driven by Sustainable Construction …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Fly Ash Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $9.2 billion In 2028 At…
Feed Pigment Market to Grow to $2.23 Billion by 2028 with a CAGR of 6.5%, Driven …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Feed Pigment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.23 billion In 2028 At…
Explosive Ordnance Disposal Equipment Market to Hit $7.31 Billion by 2028 with 4 …
The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.
Explosive Ordnance Disposal Equipment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.31 billion In…
More Releases for Grow
Simulators Market Set to Grow at the Fastest Rate- Time to Grow your Revenue
The Simulators market size is projected to grow from USD 25.5 billion in 2022 to USD 34.9 billion by 2027, at a CAGR of 6.5% from 2022 to 2027. Some of the factors fueling the market's growth include growing demand for pilots in aviation industry and the need for cost cutting in pilot training. However, lack of interoperability and longer product life cycle are expected to restrain the market growth…
Savage Grow Plus Review: Ingredients, Benefits and Where to Buy Savage Grow Plus
Savage Grow Plus has been introduced to the market as one of the leading male health supplements that can aid men who wish to improve their testosterone health. Men can use this formula with consistency to add some extra inches and also boost their overall performance in bed. We will try to learn in this review what it contains.
Get Savage Grow Plus For As Low As $49: https://rebrand.ly/OfficialSavageGrowPlus
Savage Grow…
Primal Grow Pro Review - Primal Grow Pro Benefits, Ingredients and Side Effects …
Almost every man is worried about their men health and whether they can satisfy their partner in bed or not. Their fear often translates into performance anxiety that further has a negative impact on their romantic life. This fear can combine with various other factors and even result in temporary erectile dysfunction.
There are many products that claim to improve couple life and trigger private growth. Many drugs also claim to…
Think & Grow Rich
Think & Grow Rich
Welcome to iiGrowRich.com
For everything that you need in order to grow rich , but were afraid to ask.
All great business people, will tell you, that you must learn from your mistakes in business and in life.....Every time you make a mistake, analyse it and then correct that mistake....This is the school of hard knocks.....Now is the time to start learning from those mistakes and use them to…
Grow Your Own Cloud
Imagine if you could store all of your family photos, in a plant.
Grow Your Own Cloud is a new service that helps you store your data nature’s way, in the DNA of plants, and bringing the latest in biotechnology, genetic science, and data artistry to your local flower shop.
On Sunday September 30th, during a 24h only pop-up at the well-known boutique, Blomsterskuret, in Copenhagen, Denmark visitors will be able…
Global LED Grow Lights Market- Illumitex, Kessil ,Kind LED Grow Lights, LEDHYDRO …
Global LED Grow Lights Market report 2017 is an in-depth research on the current situation of the LED Grow Lights industry.
The Scope of the LED Grow Lights research report:
The Global LED Grow Lights Market primarily includes a basic overview of the LED Grow Lights industry. It also includes LED Grow Lights definitions, classifications and applications. It segments the market by applications, types, regions, competitive players and also analyzes LED Grow…
