Grow Light Market is expected to reach at USD 5190 billion by 2023
Grow Light Market By Basis Of Technology Used (HID Lights, Fluorescent Lights, LEDs, LEPs, Induction Lights)
(EMAILWIRE.COM, August 17, 2018 ) Grow Light Market By Basis Of Technology Used (HID Lights, Fluorescent Lights, LEDs, LEPs, Induction Lights), Type Of Installation (new Installation, Retrofit Installation), Applications (indoor Farming, Vertical Farming, Commercial Greenhouses, Rooftop Farming, And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts 2018-2023
Global Grow Light Market is worth USD 3080 Million in 2018 and estimated to grow at a CAGR of 11%, to reach USD 5190 billion by 2023.
View Full Report @ https://marketdataforecast.com/market-reports/grow-light-market-3440/
Grow light technology helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops (throughout a season).Growing awareness regarding the importance of alternative farming, owing to the less availability of fertile agricultural land and increasing population, are the key factors anticipated to spur the industry demand.
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Competitive Insights
A few of the major industry players include AeroFarms (U.S.), Illumitex, Inc. (U.S.), and GAVITA Holland bv (Netherlands.). These players are involved in strategies such as partnerships, business expansions, new product developments, and contracts to expand their market share.
Customized Report @ https://marketdataforecast.com/market-reports/grow-light-market-3440/customize-report
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies.
Global Grow Light Market is worth USD 3080 Million in 2018 and estimated to grow at a CAGR of 11%, to reach USD 5190 billion by 2023.
View Full Report @ https://marketdataforecast.com/market-reports/grow-light-market-3440/
Grow light technology helps in extending the hours of the natural daylight which further increases the health, growth rate and yield of the plants. Artificial lighting, such as high-pressure sodium lighting, LED lighting and plasma lighting can extend the availability of crops (throughout a season).Growing awareness regarding the importance of alternative farming, owing to the less availability of fertile agricultural land and increasing population, are the key factors anticipated to spur the industry demand.
Get Free Sample Report @ https://marketdataforecast.com/market-reports/grow-light-market-3440/request-sample
Competitive Insights
A few of the major industry players include AeroFarms (U.S.), Illumitex, Inc. (U.S.), and GAVITA Holland bv (Netherlands.). These players are involved in strategies such as partnerships, business expansions, new product developments, and contracts to expand their market share.
Customized Report @ https://marketdataforecast.com/market-reports/grow-light-market-3440/customize-report
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies.
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results