April 22, 2021 07:43 ET | Source: Research and Market Research and Market

Dublin, April 22, 2021 (Global News Agency)-ResearchAndMarkets.com has added the "Growth Light Market: Global Industry Trends, Shares, Scale, Growth, Opportunities, and Forecasts 2021-2026" report to ResearchAndMarkets.com's products.

In 2020, the global market value of plant lights will reach 3.26 billion U.S. dollars. Looking forward to the next five years, the global plant lamp market will show strong growth.

The growth lamp or plant lamp is an artificial light source that emits light in the electromagnetic spectrum to promote photosynthesis and accelerate the growth of plants. It is commonly used in fluorescent lamps, high intensity discharge (HID), light emitting diodes (LED), and incandescent lamp variants.

They are mainly used to supplement crops with sunlight, color, and temperature, and can be customized for specific goals, such as inhibiting flowering, accumulating anthocyanins, and promoting rooting. Therefore, they have been widely used in vertical agriculture, indoor agriculture, commercial greenhouses, landscaping and other purposes. The significant growth of the agricultural sector is one of the key factors driving market growth. In addition, the widespread adoption of vertical and indoor farming practices has also driven market growth. Hydroponic farming systems use multiple grow lights to maintain sufficient sunlight and protect plants from insects and pests.

In addition, the increase in population leads to an increase in the demand for food, coupled with the limited arable land, also has a positive impact on the demand for products. Planting lights help maintain the best yield and plant quality to meet the growing global demand for food.

In addition, various technological advancements, including the development of smart plant lights integrated with the Internet of Things (IoT), are becoming another growth factor.

Other factors, including various innovations in the field of agricultural sciences and the implementation of government preferential policies, are expected to drive the market in the next few years.

Competitive landscape: The competitive landscape of the industry has also been reviewed with some major players, including Epistar, Everlight Electronics, Gavita International BV, General Electric Company, Heliospectra AB, Illumitex Inc., Koninklijke Philips NV, LumiGrow, Osram Licht AG, Shenzhen Jusen Technology Co., Ltd. and others in this report mainly answer questions:

Main topics covered: 1 Foreword 2 Scope and methodology 2.1 Research objectives 2.2 Stakeholders 2.3 Data sources 2.4 Market estimation 2.5 Forecasting methods 3 Executive summary 4 Introduction 4.1 Overview 4.2 Major industry trends 5 Global Grow Light market 5.1 Overview of market performance 5.2 Market impact Performance COVID-19 5.4 Market Forecast 6 Market Segmentation by Technology 6.1 HID 6.2 LED 6.3 Fluorescent Lamp 6.4 Other 7 Market Segmentation by Installation Type 7.1 New Installation 7.2 Retrofit Installation 8 Spectrum Segmentation 8.1 Full Spectrum 8.2 Partial Market Segmentation 9.2 Partial Detail Submarket Indoor Agriculture 9.2 Vertical Agriculture 9.3 Commercial Greenhouse 9.4 Lawn and Landscaping 9.5 Other 10 Market Segments by Region 11 SWOT Analysis 11.1 Overview 12 Value Chain Analysis 12.1 Overview 12.2 Research and Development 12.3 Raw Material Procurement 12.4 Port Distributor 12.5 Terminal Manufacturing 12.5 12.6 Terminal Manufacturing 12.6 Five Forces Analysis 13.1 Overview 14 Competitive LAN dscape 14.1 Market Structure 14.2 Main Participants 14.3 Introduction to Main Participants

For more information about this report, please visit https://www.researchandmarkets.com/r/pqaqxr