What is Plant Factory Grow Lights Market?
A grow light is an electric light to help plants grow. It needs artificial control of CO2, temperature, lights, etc. for the growth of organic vegetables and fruits. Plant factory grow lights are either used to provide a light spectrum similar to that of the sun or a spectrum that is more tailored to the needs of the plants being cultivated. However, technological innovations have made it possible to increase the productivity of greenhouses and to grow plants without any sunlight at all, in so-called. Grow lights are widely used for horticulture, indoor gardening, plant propagation, and food production, including indoor hydroponics and aquatic plants.
The market study is being classified by Type (High-Intensity Discharge, Fluorescent Lighting and LED), by Application (Vertical Farming, Indoor Farming, Commercial Greenhouse, Turf and Landscaping, Horticulture and Research) and major geographies with country level break-up.
Philips (Netherlands), Parus (China), Advanced lighting Technologies (United States), General Electric (United States), Hydrofarm (United States), Iwasaki Electric (Japan), Panasonic (Japan), Mecha Tronix (Taiwan), Grow Ray Technologies (United States) and Phlizon (China) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Plant Factory Grow Lights market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Plant Factory Grow Lights market by Type, Application and Region.
On the basis of geography, the market of Plant Factory Grow Lights has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Demand of Organic Vegetables and Fruits Due to Growing Health-Conscious Population
- Growing Need of Advanced Artificial Lightings Due to Rapidly Increasing Vertical and Indoor Farming
- Growing Adoption of LED Grow Lights Due to Low Energy Usage and Its Effectiveness
- High Initial Investment and Operational Cost
- High Adoption by the Snowy Countries Due to Lack of Sufficient Sun lightings During Winter
- Very High Level of Lights Can Cause Photo-Bleaching and Sometimes Burn Leaves
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Plant Factory Grow Lighting Service Providers, Plant Factory Grow Lights Manufacturers, Suppliers and Distributors of Plant Factory Grow Lights, Raw Material Manufacturers & Suppliers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Plant Factory Grow Lights Market?
"Increasing Demand of Organic Vegetables and Fruits Due to Growing Health-Conscious Population
" is seen as one of major growth factors of Plant Factory Grow Lights Market in years to come.
2. Can we have customized study for Plant Factory Grow Lights Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Plant Factory Grow Lights Market?
United States will lead Plant Factory Grow Lights Market in coming years.