Fast Market Research announces the availability of the new TechNavio report, "Global LED Lighting Market for Horticulture Application 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 11/23/2016 --Lighting sources such as incandescent lighting, fluorescent lighting, and tungsten photonic lighting were used. However, the industry is witnessing transition to the latest lighting technology like LED lighting. LED lighting devices provide high-intensity brightness, along with other advantages like low voltage requirements, low radiated heat, high reliability, negligible ultraviolet (UV) rays, and a longer life span over the conventional lighting sources.

Technavio's analysts forecast the global LED lighting market for horticulture application to grow at a CAGR of 22.55% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global LED Lighting Market for Horticulture Application 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the global LED lighting market for horticulture application for 2016-2020. To calculate the market size, the report presents the major vendors that manufacture LED lighting products for horticulture applications in the Americas, APAC, and EMEA.

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

-Americas
-APAC
-EMEA

Technavio's report, Global LED Lighting Market for Horticulture Application 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

-Cree
-Fluence Bioengineering
-Heliospectra
-Hubbell Lighting
-Illumitex
-Kessil Lighting
-Lemnis Oreon
-LumiGrow
-OSRAM SYLVANIA
-Smart Grow Technologies

Market driver

-High electricity consumption and increasing power prices.
-For a full, detailed list, view our report

Market challenge

-Insufficient horticulture infrastructure.
-For a full, detailed list, view our report

Market trend

-Declining manufacturing cost of LED.
-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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Cree, Fluence Bioengineering, Heliospectra, Hubbell Lighting, illumitex, Kessil Lighting, Lemnis Oreon, LumiGrow, OSRAM SYLVANIA, Smart Grow Technologies

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