Published Date : Aug 28, 2017
Albany, New York, August 28, 2017: “Global Grow Lights Market 2017-2021,” is the latest report added in the vast report repository of MarketResearchReports.biz, which speaks about the global market for grow lights. The report covers the global market in terms of market drivers, trends, restraints, and opportunities that may arise in the future. The report also provides crucial information about the market overview and scope along with the outlook of the future. It speaks about the market dynamics and the competitive landscape of the global grow lights market for the mentioned forecast period of 2017 t0 2021. The report is the result of an in-depth market research carried out with the help of the industry professionals. The report also provides information the key market players plying their trade in the global grow lights market.
Lights that are mainly used for a wide range of farming-associated applications are known as grow lights. This is due to the fact that these lights aid with the artificial development of the plants. Some of the benefits of using grow lights include spectral intensity, low energy consumption, and high reliability. With the rapid rise in application of green practices and vertical farming across the globe, the use of wide range of grow lights is also gaining significant momentum. This is thus, helping considerably in the overall development of the global grow lights market. The crops which make use of these grow lights include vegetables, flowers, ornamental plants, and fruits. The global grow lights market is expected to grow at healthy CSGR of 12.60% during the aforementioned forecast period of 2017-2021.
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The growth of the global market for the grow lights is chiefly driven by the advent of the urban techniques of farming. Use of advanced technologies and multiple benefits offered by grow lights has led to the development of the global market. However, there are still some apprehensions and drawbacks related to use of grow lights. This is expected to be a significant restraining factor for the development of the global grow lights market. Though, increase in the indoor farming practices is expected to drive the market for grow lights during the mentioned forecast period of 2017 to 2021.
Geographically, the global grow lights market can be segmented in to key regions such as Americas, Middle East and Africa (MEA), and the Asia Pacific (APAC).
Some of the key players in the global grow lights market include names such as General Electric, Phillips Lighting Holding, OSRAM Licht, LumiGrow, Gavita International, PARsouce, Heliospectra, Transcend Lighting, SolarMax, Lemnis Oreon, Twilight Group, Kessil, and EYE HORTILUX.
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