Worldwide Grow Light Industry to 2027 – Featuring Epistar, Everlight Electronics and LumiGrow Among Others – | Business Ap

DUBLIN – (BUSINESS WIRE) – February 24, 2022–

In 2021, the global light market reached $ 3.58 billion. In the future, the publisher expects that by 2027 the market will reach $ 6.99 billion, with an average growth rate of 20% in 2022-2027.

  • Epistle
  • Everlight Electronics
  • Gavita International BV
  • General Electric Company
  • Heliospectrum AB
  • Illumitex Inc.
  • Koninklijke Philips NV
  • LumiGrow
  • Osram Licht AG
  • Shenzhen Juson Technology Co. Ltd.

Keeping in mind the uncertainty of COVID-19, we are constantly monitoring and evaluating the direct as well as the indirect impact of the pandemic on different end-use sectors. These ideas are included in the report as a major market player.

Growing light, or plant light, is an artificial light source that emits light in the electromagnetic spectrum to promote photosynthesis and accelerate plant growth. It is commonly available in fluorescent, high intensity (HID) discharges, LEDs and incandescent options. They are mainly used to supplement sunlight, color and crop temperature and can be customized according to specific purpose such as inhibiting flowering, anthocyanin accumulation and enhancing rooting. Due to this, they are widely used in vertical farming, indoor farming, commercial greenhouses, landscaping and other purposes.

Significant growth in the agricultural sector is one of the key drivers of market growth. In addition, the widespread use of vertical and closed farming methods also contributes to market growth. Hydroponic farming systems use multiple fixtures for cultivation to maintain sufficient sunlight and protect plants from damage caused by insects and pests.

In addition, the growth in demand for food as a result of population growth combined with the limited availability of arable land also has a positive effect on demand for products. Lighting for growing helps maintain optimal yields and plant quality, thus satisfying the ever-growing demand for food around the world. In addition, various technological advances, including the development of smart fixtures for growing, integrated with the Internet of Things (IoT), act as another factor driving growth. Other factors, including various innovations in agricultural sciences and the implementation of favorable public policies, are projected to stimulate the market in the coming years.

The key questions answered in this report

1. What was the size of the global Grow Light market in 2021?

2. What are the main factors of the global market for light growth?

3. What are the main trends in the global light market?

4. What is the impact of COVID-19 on the global light market for cultivation?

5. What will be the size of the global Grow Light market by 2027?

6. What technology is leading the world light market?

7. What is the main type of installation in the global lighting market?

8. What is the global smashed market of growing light across the spectrum?

9. What is the breakdown of the global Light Grow Light market by application?

10. Which regional market is the world leader in light industry cultivation?

11. Who are the leading players in the world’s growing light industry?

5 Global Grow Light Market

6 The collapse of the technology market

7 Market breakdown by type of installation

8 Market Disintegration by Spectrum

9 Market breakdown by application

10 Market breakdown by region

13 Porters Analysis of the Five Forces

14.3 Profiles of key players

Laura Wood, senior press manager

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SOURCE: Research and Markets

Copyright Business Wire 2022.

PUB: 24.02.2022 05: 40 / DISK: 24.02.2022 05:41

Copyright Business Wire 2022.


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