Grow Light Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2022
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Grow Light Market 2018 Grow Light Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2022 The global grow light market is showing immense growth; mainly due to the growing urban cultivation & vertical farming and growing adoption of environment-friendly production of fruits and vegetables. Steep increase in the adoption of LEDs for farming related applications is one major factor driving the growth of grow light market. Royal Philips, General Electric Company, Osram LichtAG, Gavita Holland B.V., and LumiGrow, Inc. are the major investors in the grow light market. Based on application, commercial greenhouse sub segment is expected to hold the largest share of the grow light during the forecast period. This is owing to the low power consumption and spectral intensity being offered by grow light technology. Also, the market of vertical farming is expected to grow at a significant rate during the forecast period
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Grow Light Market 2018 “Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Grow Light Market Research Report - Global Forecast 2022” The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). Also, growing demand for LED grow light applications in horticulture is one major factor driving the growth of grow light market. This is due to the energy efficiency being offered by the technology and proves to be an ideal option for indoor plant cultivation. On the other hand, high costs of energy-efficient and better quality grow lights and lack of standard testing practices for assessing the product quality of grow lights are major factors hindering the growth of grow light market. Also, requirement of different light spectrums for different crops is another factor that might hamper the market growth.
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Grow Light Market 2018 Market Segmentation
Industry News Jan 2018 – Xerox Philips Lighting has installed LEDs at Madestein UK. The company supplies fresh lettuce and herbs to the UK’s major food retailers, food service companies and wholesale markets. They have Philips GreenPower LED toplighting to improve the quality of its crops. September 2017 – Osram has launched a new product line for horticultural and architectural lighting. This will cover professional applications including linear and area lighting, high and low bay lighting and street lighting. It offers exceptional robustness, extensive color portfolio and scalable current, and impressive versatility. December 2017 – Illumitex is expanding its LED offerings and horticultural science team. Its full spectrum is ideal for flowering plants and with the introduction of the X6 Full Spectrum optimized for flowering plants and digital horticulture applications.
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Grow Light Market 2018 Application & Major Players in this Research: Grow Light Market Prominent Players:
Royal Philips (Netherlands), General Electric Company (U.S.), Osram LichtAG (Germany), Gavita Holland B.V. (Netherlands), LumiGrow, Inc. (U.S.), Heliospectra AB (Sweden), Iwasaki Electric Co., Ltd. (Japan), Illumitex, Inc. (U.S.), Hortilux Schreder B.V. (Netherlands), and Sunlight Supply, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Grow Light Request a Sample Report @ https:// Market. www.marketresearchfuture.com/sample_request/2451
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Grow Light Market 2018 Grow Light Market Competitive Analysis Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: The market of grow light appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
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