Global Light-Emitting Diode (LED) Grow Lights Market Forecasts Report Analysis


Posted November 15, 2021 by Chigurubhavani123

According to Stratistics MRC, Light-Emitting Diode (LED) Grow Lights Market Value is expected to reach $2,896.41 million by 2027 growing at a CAGR of 23.2% during the forecast period.

 
Light-Emitting Diode (LED) grow lights are an artificial source of light, basically an electric light which is designed to stimulate plant growth by emanating an electromagnetic spectrum applicable for photosynthesis. Areas where naturally occurring light are not required, light emitting diode (LED) grow lights are used there. Light emitting diode (LED) grow lights are applicable in the fields such as vertical farming, commercial greenhouse, and indoor farming where light sources play a major role in plant morphology and respond to the quantity, quality and direction of the light.

View complete Light-Emitting Diode (LED) Grow Lights Market with Table of Content @ https://www.strategymrc.com/report/light-emitting-diode-led-grow-lights-market/toc

By geography, Europe is expected to grow at a faster rate as the region has been using grow light systems for the past few decades in controlled environment agriculture (CEA) such as greenhouses, vertical farming, and indoor farming. The use of grow lights in this region is gradually increasing from being a supplemental lighting source, grow lights are becoming the primary source of light in indoor farming operations.

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Some of the key players in Light-Emitting Diode (LED) Grow Lights market include Advanced LED Grow Lights, Alta LED Corporation, Bridgelux, Inc, Cirrus Systems, Inc, Cree Inc, Everlight Electronics Co. Ltd, General Electric Co, GNUK Ltd, Heliospectra AB, Illumitex Inc, LumiGrow Inc, OSRAM Licht AG, Royal Philips Electronics N.V, Senmatic AS, Signify NV.

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

For more information about this report visit @ https://www.strategymrc.com/report/light-emitting-diode-led-grow-lights-market

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Stratistics MRC offer a wide spectrum of research and consulting services with in-depth knowledge of different industries. Our research reports and publications are routed to help our clients to design their business models and enhance their business growth in the competitive market scenario. We have a strong team with hand-picked consultants including project managers, implementers, industry experts, researchers, research evaluators and analysts with years of experience in delivering the complex projects.

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Issued By Madhav Ram
Phone +1-301-202-5929
Business Address 19-17/3/1, Mallikarjun Nagar, Near Goutham Nagar, Secunderabad-500047.
Country India
Categories Electronics , Semiconductors
Tags electronics semiconductors , lightemitting diode led grow lights
Last Updated November 15, 2021