Global Grow Lights Market Report to 2027 - Featuring Aerofarms, Emium, Fluence Bioengineering and Gavita International Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Nov 8, 2022--

The "Grow Lights: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Grow Lights estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$8.4 Billion by 2027, growing at a CAGR of 27.3% over the period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record 26.7% CAGR and reach US$5.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Software & Services segment is readjusted to a revised 28.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $416.7 Million, While China is Forecast to Grow at 34% CAGR

The Grow Lights market in the U.S. is estimated at US$416.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.1 Billion by the year 2027 trailing a CAGR of 33.9% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.7% and 25% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 23.5% CAGR.

Select Competitors (Total 47 Featured) -

• Aerofarms LLC
• Emium LLC
• Fluence Bioengineering, Inc.
• Gavita International B.V.
• General Electric Company
• Heliospectra AB
• Hortilux Schreder B.V.
• Illumitex, Inc.
• Indulux Technologies Inc.
• Iwasaki Electric Co., Ltd.
• LumiGrow, Inc.
• Osram Licht AG
• Royal Philips Electronics N.V.

What's New for 2022?

• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and a Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• Grow Lights - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/55nin0

View source version on businesswire.com:https://www.businesswire.com/news/home/20221108005840/en/

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KEYWORD:

INDUSTRY KEYWORD: OTHER ENERGY ENVIRONMENT AGRICULTURE GREEN TECHNOLOGY ENERGY NATURAL RESOURCES

SOURCE: Research and Markets

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