Global Plant Factory Grow Lights Market to Witness Impressive Growth, Revenue to Surge to USD 7.9 Billion By 2028

The global Plant Factory Grow Lights market accounted for USD 4.3 Billion in 2020 and is expected to reach USD 7.9 Billion by 2028, growing at a CAGR of around 7.7% between 2021 and 2028.    

The Plant Factory Grow Lights market report include comprehensive view and analysis on the global and regional level. The report gives historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study comprises drivers, restraints and opportunities for the Plant Factory Grow Lights market along with the impact on the demand over the forecast period.

The report provides the complete view on the Plant Factory Grow Lights market and encompasses detailed product portfolio and strategic developments of key vendors. To know the competitive landscape of the Plant Factory Grow Lights market, an analysis of Porter’s five forces model is incorporated in the study. The study covers market attractiveness analysis, in which type, and application segments are analyzed based on the market size, growth rate, and attractiveness.

The study provides a crucial view on plant factory grow lights market by segmenting the market based on technology, application and regional. All the technology, application segments of Plant factory grow lights market has been analyzed based on present and future trends and the market is estimated from 2021 to 2028. In terms of technology which includes high-intensity discharge, fluorescent lighting, led and others. The application includes vertical farming, indoor farming, commercial greenhouse, turf and landscaping, research and others for the market. The regional segmentation comprises of present and forecast demand in Asia Pacific, Middle East & Africa, North America, Europe, and Latin America Plant factory grow lights market.

Based on region, Europe is projected to register the largest market share of the grows lights market during the forecast period. The expansion of the market during this region is often attributed to the very fact that the region has the strongest economies within the world, alongside flourishing industries that cause increased capital investment capabilities. This region has been using grow light systems for the past few decades to grow plants in commercial greenhouses. 

The population of Europe has expanded rapidly in recent times, and countries are importing fruits and vegetables during a frozen form from external markets in Africa and Asia. Indoor horticulture is gaining rapid momentum in some major countries like Netherlands, France, and Belgium during this region to get fresh produce from locally cultivated farms. This factor is predicted to get massive demand for to grow light systems within the near future.

The report present comprehensive competitive outlook with company profiles of the key players operating in the global market. The major players that are comprised in plant factory grow lights market are Daystar, APL engineered material, Siemens Philips horticulture Lamps, Advanced lighting Technologies, Hydrofarm, General Electric, Sun System, Iwasaki Electric, Taiwan Floriculture Exports Association, and other. These players are set to foster the development of plant factory grow lights market.

Browse the full “Plant Factory Grow Lights Market By Technology (High Intensity Discharge, Fluorescent Lighting, LED And Others) For Vertical Farming, Indoor Farming, Commercial Greenhouse, Turf And Landscaping, Research And Other Applications. Global Industry Perspective, Comprehensive Analysis, And Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/plant-factory-grow-lights-market

The global Plant Factory Grow Lights Market is segmented as follows:

By Application

• Vertical Farming
• Indoor Farming
• Commercial Greenhouse
• Turf and Landscaping
• Research
• Others

By Technology

• High-Intensity Discharge
• Fluorescent Lighting
• LED
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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