Global Grow Lights Market 2017-2021 - Major Drivers for this Market is Rise in Indoor Farming Practices

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Aug 16, 2017, 13:00 ET

DUBLIN, August 16, 2017 /PRNewswire/ --

The "Global Grow Lights Market 2017-2021" report has been added to Research and Markets' offering.

The global grow lights market to grow at a CAGR of 12.60% during the period 2017-2021.

Global LED Agricultural Grow Lights Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the value sales of grow lights.

With rapid rise in vertical farming and greenhouse practices around the globe, the use of different grow lights is also simultaneously increasing. This is contributing to the overall growth of the market. The crops considered for the scope of the report include fruits, vegetables, flowers, and ornamental plants.

According to the report, one of the major drivers for this market is Rise in indoor farming practices. The importance of building a secure and consistent food supply facility is becoming increasingly important with the expansion of the global population. This is because the amount of arable land and water to support traditional agriculture practices is dwindling. Traditional agricultural practices are tied to locations that possess sufficient land and water.

The latest trend gaining momentum in the market is Advent of urban farming. Growing fruits and vegetables in and around home and garden spaces is a global booming trend. Several companies are coming up with hanging bags, pull out drawers with grow lights attached to them, or even racks attached with grow lights that enable farming in the kitchen area. Advances in urban farming have led companies such as Grove Labs to pilot hydroponic fridges designed to grow vegetables at homes or small commercial kitchens.

The need for indoor farming is further increasing. This is because this practice is decoupled from such needs, leading it to be closer to the point of end consumption. Some of the diverse types of indoor agriculture facilities include an aeroponic greenhouse, indoor vertical farm, aquaponic greenhouse, soil-based greenhouse, container farm, in home systems, and hydroponic greenhouses. Thus, with the advent of distinct types of indoor facilities along with growing population and urbanization, farmers are coming up with indoor facilities closer to urbanized areas to enable local, stable, and sustainable year-round food supply.

Key vendors

Philips Lighting Holding
GENERAL ELECTRIC
OSRAM Licht
Gavita International
LumiGrow

Other prominent vendors

Heliospectra
SolarMAX
PARsource
Transcend Lighting
EYE HORTILUX
Twilight Group
Lemnis Oreon
Kessil

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By End-Usage

Part 07: Market Segmentation By Product

Part 08: Geographical Segmentation

Part 09: Key Leading Countries

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Key Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/f7czlq/global_grow

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SOURCE Research and Markets