Grow Light Market PDF: Growth, Outlook, Demand, Keyplayer Analysis and Opportunity by 2021-2026

Global Grow Light Market Author: Elena Anderson, Research and Upcoming Marketing Manager | Forecast Report IMARC GroupCopyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

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Report DescriRpetpioornt Description and Highlights Grow Light Market Outlook 2026: According to the latest report by IMARC Group, 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. Grow lights refer to artificial sources of light that are used to improve the crop yield. Also known as plant lights, they emit light in the electromagnetic spectrum that is tailored to suit the needs of the plant that is being cultivated. The color, temperature and intensity of the lights can also be varied to mimic outdoor settings, thus providing the plant with optimum conditions for performing photosynthesis. These lights can be used for growing plants in conditions where natural light is not available or is insufficient to promote growth. Request for a PDF sample of this report: https://www.imarcgroup.com/grow-light-market/requestsample

Report DescriRpetpioornt Description and Highlights Global Grow Light Market Trends: The global market is primarily driven by the growing adoption of indoor farming practices. Since the utilization of grow lights ensure the optimal growth of plants despite climatic and topographical challenges, their demand is increasing significantly. The use of indoor farming also reduces the chances of damage caused by pests and insects, which curbs the usage of harmful pesticides. Consequently, efficient lighting solutions are being adopted by farmers to accelerate healthy plant growth and maximize overall yield. Furthermore, the global population explosion has created an ever-increasing demand for food. The limited availability of cultivable land has further contributed to this deficit. Numerous players are therefore shifting from traditional farming methods to commercial greenhouse cultivation and vertical farming, which is expected to significantly curb the existing food shortage. This, along with the implementation of favorable government policies, is anticipated to create a positive outlook for the market. The increasing integration of the Internet of Things (IoT) with grow lighting solutions and the rising preference for energy-efficient and long-lasting variants, such as LEDs, are further driving the market. Looking forward, IMARC Group expects the market to exhibit strong growth during 2021-2026.

Report DescriRpetpioornt Description and Highlights Key Market Segmentation: Breakup by Technology: • HID • LED • Fluorescent 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

Report DescriRpetpioornt Description and Highlights Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa Note: We are updating our research report 2021-2026. If you want to need latest primary and secondary data with Cost Module, Business Strategy, Distribution Channel, etc

Report DescriRpetpioornt Description and Highlights Competitive Landscape: • 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. View Report TOC, Figures and Tables: https://www.imarcgroup.com/grow-light-market

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Report DescriRpetpioornt Description and Highlights © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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