Grow Lights Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2024 January 19
SKU : AG2699
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FAQ’s
How fast is the grow lights market growing?
The global grow lights market is projected to grow at a remarkable 13.7% CAGR between 2023 and 2030, driven by advancements in LED technology and the rise of indoor farming practices.
What are the different types of grow lights available?
The two main categories are LED-based and traditional (HID lamps, fluorescent). LEDs dominate due to their energy efficiency, lifespan, and flexibility.
Which region is leading the grow lights market?
Asia Pacific currently holds the top spot, with rapid urbanization and increasing investments in controlled-environment agriculture fueling demand.
Who are the major players in the grow lights market?
Signify Holding, Gavita International, Osram, General Electric, and Heliospectra are some of the leading companies shaping the industry with innovative grow light solutions.
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