Led Grow Lights Market Key Trends, Vendor Strategies, Industry Analysis and Forecast 2021

LED Grow Lights Market Current Trends, Size, Share, Industry Analysis,

Competitive Intelligence, Growth, Opportunities and Global Forecasts To

2015 - 2021

The LED grow lights market is poised to reach USD 1.8 billion by 2021. It had a previous

turnaround of USD 395 million in 2014. Growth is anticipated on account of plant factory and

nursery owners use it to improve their cultivation. With people being more health-conscious,

they tend to avoid to food grown with pesticides. The market is expected to capitalize on this

trend with large warehouse plant factories intent on producing seedlings.

LED grow lights are an artificial source of light needed to provide nourishment through

photosynthesis. It is used in an environment or a season where daylight is insufficient for the

plant’s growth. The plant is grown in a staged environment which imitates its natural

surroundings, giving it a chance to blossom.

Complete report is available at: http://www.radiantinsights.com/research/led-grow-lightsmarket

LED grow lights are being adopted by vertical farming due to its energy efficiency and low heat

emission. With government regulations supporting energy-efficiency lighting, it is driving the

LED grow lights market. Next-generation grow lights provide high efficiency, low power,

uniform light pattern and distribution at the right spectrum and ratios necessary for

photosynthesis.

Demand for plants and vegetables have not been able to match the supply. This has led to a

factory automated plant factory which produces vegetables regardless of the weather. Highest

growth rate can be seen in North America and Europe due to the countries in the regions

adopting the technology rather quickly. Asia Pacific will grow at a significant pace as awareness

of the technology spreads.

Demand for growing food locally, need to improve the yield per unit area without harming the

environment, and restricted space for farming are the major factors driving the LED grow lights

market. The market...