LED Agricultural Grow Lights Market Share, Size, Exponential Growth and Trend Forecasts, 2018-2023

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LED agricultural grow lights are an artificial source of light, mostly an electric light that is intended to stimulate plant development by devising an electromagnetic spectrum appropriate for photosynthesis. The market is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

LED Agricultural Grow Lights Market Share, Size,

Exponential Growth and Trend Forecasts, 2018-2023

LED Agricultural Grow Lights Market Report provides in-depth analysis of

industry by Production, Share, Size, Demand, Proposition, Development,

Opportunistic Growth, Economic Trends, Technologies Research,

Segmentation, Key Futuristic Investment Feasibility, Major key players, SWOT

Analysis and Forecast.

Global LED Agricultural Grow Lights Market is anticipated to witness an exponential growth in the

forecast period. LED agricultural grow lights are an artificial source of light, mostly an electric light

that is intended to stimulate plant development by devising an electromagnetic spectrum

appropriate for photosynthesis.

Factors such as technical innovations, increasing farm yields, rapid acceptance of LED lighting, rising

consequence of grow lights in numerous applications such as in the indoor farming, greenhouse,

turf, and vertical farming, growing urbanization, increasing governments’ initiatives to make people

aware of the benefits of using LED lights, energy efficiency, low space requirement, and low

emanations and vast advantages of LED lights are likely to drive the LED agricultural grow lights

market in the forthcoming period.

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On the other hand, longer exposure in LED lights has caused minor headache, itchiness, and redness

in eyes; which are anticipated to hinder LED agricultural grow lights market growth in the

forthcoming period. However, the necessity for long-lasting and energy-efficient lighting technology

as a supplement to natural lighting for plant development is likely to create lucrative opportunities

for the market. The market is anticipated to expand at a significant CAGR in the upcoming period as

the scope, product types, and its applications are increasing across the globe.

Market could be explored by type, spectrum, application, and geography. Market could be explored

by type as Low Power (


leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order

to boost the inorganic growth of the industry.

Market Segment:

Geographically, this report is segmented into several key Regions, with production, consumption,

revenue (million USD), market share and growth rate of LED Agricultural Grow Lights in these

regions, from 2012 to 2023 (forecast), covering

• North America (United States, Canada and Mexico)

• Europe (Germany, France, UK, Russia and Italy)

• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

• South America (Brazil, Argentina, Columbia)

• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Global LED Agricultural Grow Lights market competition by top manufacturers, with production,

price, revenue (value) and market share for each manufacturer; the top players including

• Philips

• Osram

• GE

• Illumitex

• Everlight Electronics

• Opto-LED Technology

• Syhdee


• Epistar

• Sanxinbao Semiconductor

• Valoya

• LumiGrow

• Fionia Lighting

• Netled

• Apollo Horticulture

Grow LED Hydro

On the basis of product, this report displays the production, revenue, price, market share and

growth rate of each type, primarily split into

• 100w

• 300w

• 500w

• Other

On the basis on the end users/applications, this report focuses on the status and outlook for

major applications/end users, consumption (sales), market share and growth rate of LED

Agricultural Grow Lights for each application, including

• Vegetables

• Flowers and Plants

• Other

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https://www.millioninsights.com/industry-reports/led-agricultural-grow-lights-market


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