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LED Grow Light Market to Witness Huge Growth by 2027 with Key Players Alta LED, Bridgelux, Cree, Everlight Electronics, General Electric, Heliospectra AB, Illumitex, Lumigrow

Press release   •   Jun 02, 2019 12:53 IST

A New Analytical Research Report has newly published by The Insight Partners to its extensive repository. The Global LED Grow light Market has been compiled through a blend of primary and secondary research. Moreover, it offers detailed investigations based on latest market trends, regional outlook, top key players, industrial feedback, different rules and regulations of the government, drivers, restraints, challenges, and opportunities.

LED grow light or plant light is an artificial light used to stimulate the process of photosynthesis in plants. The electromagnetic spectrum of LED grow light are similar to the sun or the spectrum is designed accordingly to meet the electromagnetic spectrum need of the particular plant. Controlled environment is created for the growth of the plant with varying color, temperature, spectral output, and intensity of LED glow light. LED grow lights are widely used to where there is limited availability of sunlight or where supplementary light is required to grow plants.

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The global LED grow light market is deemed to flourish in the forecast period because of driving factors like indoor farming, commercial farming, government initiatives to adopt solid-state lighting technologies across various regions, increase in adaptation of automation in farming to maximize yield using LED grow light and high proliferation in vertical farming. However, lack of awareness and high cost of capital are hindering the growth of LED glow light market. The farming industry is witness to see rapid growth due to high reliability and low power consumption of LED grow light which is creating new opportunities for LED grow light market.

Profiling Global key players: Alta LED Corporation, Bridgelux, Inc., Cree, Inc., Everlight Electronics Co. Ltd., General Electric Company, Heliospectra AB, Illumitex, Inc., Lumigrow, Inc., Osram Licht AG, Royal Philips Electronics N.V.

Market Segmentation
The LED Grow Light Market is segmented on the basis of technology, installation, application, voltage type and spectrum. Based on technology, the Market is segmented as fluorescent lighting, high-intensity discharge, LED and Others. On the basis of the installation the Market is segmented into new installation and retrofit. On the basis of application model, the Market is segmented into, indoor farming, turf and landscaping, vertical farming, commercial greenhouse, research and others. On the basis of the voltage type the Market is segmented into high voltage and low voltage. On the basis of the spectrum the Market is segmented into Laser partial spectrum and Full spectrum.

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The Study Objectives of this Report are:

  • To study and forecast the market size of LED Grow light in the global market.
  • To analyze the global key players, SWOT analysis, value and global market share for top players.
  • To define, describe and forecast the market by type, end use and region.
  • To analyze and compare the market status and forecast among global major regions.
  • To analyze the global key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:

Company: The Insight Partners

Contact: Sameer Joshi

Phone: +1-646-491-9876

Email: sam@theinsightpartners.com

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