Grow Light Market Current Trends, COVID-19 Impact, Future Opportunity, and Forecast 2030

The Global Grow Light Market Report is a comprehensive and in-depth study on the size, share, growth, trends, demand and estimation with a focus on the latest development. The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the grow light market include Signify Holding (Netherlands), OSRAM (Germany), Gavita (Netherlands), Valoya (Finland), California Lightworks (US), and Helliospectra AB (Sweden). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The grow light market size is estimated to grow at a favorite rate in the forecast period from 2022 to 2030. The growing trend of urban cultivation, the popularity of vertical farming or indoor farming of plants, and the rising adoption of eco-friendly production of fruits and vegetables are factors contributing to the market’s growth. Most importantly, grow light helps increase the length of natural daylight, which adds to the development, health, and production of the plants. The coming of LED lighting, high-pressure sodium lighting, and plasma lighting help the crops’ availability throughout the seasons. The growing emphasis on the need for alternative farming due to the lack of fertile agricultural lands and together with the growth of the population will retain the demand for the grow lights in the coming years. The advantage of indoor farming over conventional farming over the rate of production boosts the market. Additionally, indoor farming can better protect the crops from harsh weather conditions by utilizing modern techniques such as controlled environment agriculture, which combines the use of controlled lights, artificial controlled environments by managing the temperature, use of fertilizers, etc. All these factors indicate a positive future for grow light.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of grow light. The growth and trends of grow light industry provide a holistic approach to this study.

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Market Segmentation

This section of the grow light market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Offering

• Hardware
• Software And Services

By Lighting Type

• Toplighting
• Interlighting

By Installation Type

• New Installations
• Retrofit Installations

By Watt

• <300 Watts
• >300 Watts

By Application

• Greenhouses
• Vertical Farms
• Indoor Farms
• Research And Tissue Culture Laboratories

By Cultivated Plant

• Fruits And Vegetables
• Flowers
• Cannabis

By Spectrum

• Full Spectrum
• Limited Spectrum

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Grow Light market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

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