Grow Lights Market Size and Share to Grow at CAGR of 12.60% by 2021 Advent of Urban Farming

Latest industry analysis and technology advancement on "Global Grow Lights Market 2017-2021"


Albany, NY -- (SBWIRE) -- 08/16/2017 -- Lights that are used in a wide range of farming-related applications are called grow lights. This is because they help with the artificial growth of plants. Some of the advantages of using grow lights include high reliability, spectral intensity, and low power consumption. With rapid rise in vertical farming and greenhouse practices around the globe, the use of different grow lights is also simultaneously increasing. This is contributing to the overall growth of the market. The crops considered for the scope of the report include fruits, vegetables, flowers, and ornamental plants.

The global grow lights market to grow at a CAGR of 12.60% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global grow lights market for 2017-2021. To calculate the market size, the report considers the value sales of grow lights.

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

Global LED Agricultural Grow Lights Market 2017-2021, 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.

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Key vendors
Philips Lighting Holding
Gavita International

Other prominent vendors
Transcend Lighting
Twilight Group
Lemnis Oreon

Market driver
Rise in indoor farming practices
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Market challenge
Drawbacks associated with grow lights
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Market trend
Advent of urban farming
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Key questions answered in this report
What will the market size be in 2021 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?