Global Grow Lights Market to Grow at a CAGR of 11.7% During 2016-2020: MarketResearchReports.Biz

MarketResearchReports.Biz has announced addition of new report “Global Grow Lights Market 2016-2020” to its database.


Albany, NY -- (SBWIRE) -- 05/10/2016 -- About Grow Lights

Grow lights can be efficiently used to grow crops and vegetables even if they are out of season. However, these plants would require supplemental lighting for photosynthesis, which may not be available naturally in a particular location or season. For this purpose, there are types of grow lights available that produce specialized types of light to benefit plants in different stages in their lives.

Technavios analysts forecast the global grow lights market to grow at a CAGR of 11.7% during the period 2016-2020.

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Covered in this report

The report covers the present scenario and the growth prospects of the global grow lights market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of LED, fluorescent, high pressure sodium, incandescent and halogen grow lights.

The market is divided into the following segments based on geography:
North America

Technavio's report, Global Grow Lights Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Royal Philips
PARsource Lighting Solutions

Other prominent vendors
LED Hydroponics
Twilight Group

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Market driver
Increase in plant factories
For a full, detailed list, view our report

Market challenge
Need for continuous support and maintenance
For a full, detailed list, view our report

Market trend
Popularity of solar-powered LED grow lights
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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