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North America Grow Light Market Analysis, Competitive Strategies and Forecasts to 2021

 



(MoneyNewsWire.Net, October 17, 2017 ) According to the report North America Grow Light Market, published by Market Data Forecast, the Market is worth USD 1 billion in 2016 and estimated to grow at a CAGR of 7.51%, to reach USD 1.44 billion by 2021. The North America Grow Light market is developing at an exceptionally quick pace.

Grow Light is an artificial source of light which is used to stimulate plant growth. These are generally used in places where there is lack of sufficient light or no light. An example where this type of light is used are during winters when there is lack of sunlight. This artificial sources increase the amount of light received by plants. Grow Light generally replicate the emission spectrum similar to sun or according to the needs of the plant. They are used for various purposes like food production, indoor gardening and horticulture etc. Although grow lights are mostly used on industrial level, they can used for household purposes also.

Browse market data tables and in-depth TOC of the North America Grow Light Industry to 2021 @ http://www.marketdataforecast.com/market-reports/north-america-grow-light-market-3441/

The drivers for this market are increasing demand for vegetables and organic plants. This had led to the use of plant factory where plants are grown throughout day and night with help of grow lights. Also Government initiatives for using LEDs which are energy efficient is promoting the growth of this industry.

Free sample of the report is available @ http://www.marketdataforecast.com/market-reports/north-america-grow-light-market-3441/request-sample

The North America market for Grow Light is segmented on the basis of technology, type of installation, applications and region. Based on technology, the market is segmented into HID lights, fluorescent lights, LEDs, LEPs, induction lights. Traditional lighting technologies like HID and fluorescent lighting (FL) are quite popular. LED grow light is a new technology in horticultural lighting and is proving to be far more effective than other lighting technologies. Although LED grow lights are costly, their long-term advantages in terms of energy efficiency make them an ideal option. Based on type of installation, the market is segmented into new installation and retrofit installation. Based on applications, the market is segmented into indoor farming, vertical farming, commercial greenhouses, rooftop farming, and others.

Inquire before buying @ http://www.marketdataforecast.com/market-reports/north-america-grow-light-market-3441/inquire

The North America market has been geographically segmented into segmented into US, Canada and Mexico. North America has the second largest. share in the flavoured water market.USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by environmental concerns.

Royal Philips Electronics, OSRAM Licht AG, PAR source Lighting Solutions, Bridgelux, General Electric Company, Alta LED Corporation, Solarmax,Heliospectra,LumiFlow are the leaders in the North America Grow Light market.

About Us:
Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, we cater to the needs of both individual and corporate clients. Our analyst team comprises expert professionals in market research, who with their collective knowledge and skillset dedicatedly serve clients from various industries and regions.

Market Data Forecast

Abhishek

+1-888- 702-9626

abhishek@marketdataforecast.com

Source: EmailWire.Com


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